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Haven Of Rest Ministries Endowment Foundation

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 341926063 ✦ Akron, OH ✦ Designated as a 501(c)(3)

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Overview

What is Haven Of Rest Ministries Endowment Foundation?

Haven of Rest Ministries Endowment Foundation is a supporting organization based in Akron, Ohio, with a postal address of PO Box 547. Its primary mission is to provide financial assistance to Haven of Rest Ministries, Inc., a nonprofit organization that operates a shelter for the homeless in Akron. The endowment foundation receives donations, invests and reinvestes funds, and utilizes the generated income to support the charitable objectives of Haven of Rest Ministries, Inc., contributing to its general operations and the shelter's services. In essence, the foundation serves as a financial backbone for the homeless shelter, providing essential resources for its ongoing operations and support of those in need.


Official website here: www.havenofrest.org

Is Haven Of Rest Ministries Endowment Foundation legitimate?

Haven Of Rest Ministries Endowment Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Haven Of Rest Ministries Endowment Foundation submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.


Heare are some key statistics you may want to consider:

Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0

For more financial information, click here


Official website here: www.havenofrest.org

What is the mission statement of Haven Of Rest Ministries Endowment Foundation?

The Haven Of Rest Ministries Endowment Foundation serves as a supporting organization for Haven of Rest Ministries, Inc., which operates a homeless shelter. The primary mission of the foundation is to receive donations, invest and reinvest these funds, and utilize the principal and interest to further the charitable purposes of Haven of Rest Ministries, Inc. The objective is to support the homeless shelter's initiatives and contribute to its mission of providing assistance to those in need.


Official website here: www.havenofrest.org

Who is the CEO of Haven Of Rest Ministries Endowment Foundation?

Terry Hollister is the Vice President of Haven Of Rest Ministries Endowment Foundation.


Official website here: www.havenofrest.org

What is the revenue of Haven Of Rest Ministries Endowment Foundation?

Haven Of Rest Ministries Endowment Foundation's revenue in 2022 was $1,093,692.


Official website here: www.havenofrest.org

Who are the executives of Haven Of Rest Ministries Endowment Foundation and what are their salaries?

There 8 volunteers at Haven Of Rest Ministries Endowment Foundation.


Here are 10 key members and their salaries:


Rev Ben W Walker (Vice President)
  • Compensation: $0
  • Related: $52,911
  • Other: $21,000
Terry R Hollister (President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Richard Merolla (Secretary/Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Dick Eckart (Director (Through 9/24/21))
  • Compensation: $0
  • Related: $0
  • Other: $0
Richard A Heasley (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Michael R Kura (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Terry Smith (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
T Randall Fairfax (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Christopher S Humphrey (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Dan Kever (Director (Beg. 9/25/21))
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.havenofrest.org

Where can I find the form 990 for Haven Of Rest Ministries Endowment Foundation?

Haven Of Rest Ministries Endowment Foundation's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.havenofrest.org

Learn more at the official website: www.havenofrest.org

Mission Statement of Haven Of Rest Ministries Endowment Foundation

Haven of Rest Ministries Endowment Foundation serves as a supporting organization for Haven of Rest Ministries, Inc., a nonprofit dedicated to aiding the homeless in Akron, Ohio. The foundation's primary mission is to receive gifts, contributions, and requests, then invest and reinvest the funds received to further the charitable purposes of Haven of Rest Ministries, Inc. By doing so, the foundation contributes to the continued operation of the homeless shelter, providing essential support for those in need. The foundation's activities are instrumental in ensuring Haven of Rest Ministries, Inc. can carry out its mission of offering shelter and assistance to the homeless community in Akron, Ohio.

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Impact




October, 2024

Haven Of Rest Ministries Endowment Foundation significantly impacts the homeless community in Akron, Ohio, by providing essential financial support to Haven Of Rest Ministries, Inc. This support helps sustain the operations of a vital homeless shelter in the area, allowing it to offer shelter, food, and various ministries to those in need.

Through grants that fund general operations, the foundation ensures that the shelter can effectively serve its mission of helping the homeless. By receiving and managing gifts and contributions, the foundation not only bolsters the existing resources but also invests in the long-term sustainability of the services provided. The ongoing financial backing allows Haven Of Rest Ministries to focus on its core mission—offering compassionate care and support to individuals and families facing homelessness in the community.




This information is meant to be a general summary of Haven Of Rest Ministries Endowment Foundation. Please take the time to review official sources before making any decisions based upon the content provided here.


Financials

This financial information is from Propublica.

Revenue
$1,093,692 (2022)
Expenses
$455,667 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $333,873
  • Gross Receipts: $1,943,932

Assets and Liabilities:

  • Total Assets: $10,146,980
  • Total Liabilities: $754,580
  • Net Assets: $9,392,400

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Organization Details

Founding Year

2000

Principal Officer

Terry Hollister

Main Address

PO BOX 547, AKRON, OH, 44309

NTEE Category

Code: T11 - Philanthropy

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