Overview
What is Haiti Benefit Auction?
Haiti Benefit Auction is a charitable initiative based in Nappanee, Indiana, with the primary objective of gathering funds to support various organizations actively aiding the underprivileged in Haiti. Through benefit auctions held in various locations, they raise funds for both spiritual and physical relief missions operating as charitable organizations in Haiti. These organizations work tirelessly to provide aid and support to the less fortunate in the country.
Official website here: www.none
What are the reviews and ratings of this charity?
Rating from Charity Navigator: 74% (Two-Star out of Four Star rating)
Haiti Benefit Auction has received a Two-Star rating from Charity Navigator, indicating some concerns regarding its overall financial health. While the organization scores well in areas such as accountability and finance, with a perfect score for independent board member presence and documentation practices, there are notable weaknesses in its working capital ratio, which is significantly low at 0.15 years.
The organization demonstrates a strong commitment to its programs, as indicated by its program expense ratio of 97.25%. This suggests that a substantial portion of its funds is directed towards its mission rather than administrative costs. Additionally, the charity has reported no loans to or from officers, which reflects a level of financial integrity. However, the low working capital ratio indicates potential challenges in meeting short-term financial obligations.
Overall, while Haiti Benefit Auction shows strong governance and operational transparency, improvements in financial sustainability and liquidity would enhance its rating and overall capacity to serve effectively.
This AI summary has been generated from information found on Charity Navigator.
Is Haiti Benefit Auction legitimate?
Haiti Benefit Auction is a legitimate nonprofit organization registered as a 501(c)(3) entity. Haiti Benefit Auction 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.
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Official website here: www.none
What is the mission statement of Haiti Benefit Auction?
The mission of Haiti Benefit Auctions is to organize auctions in various locations, with the primary goal of collecting funds. These funds are then distributed to charitable organizations engaged in relief work in Haiti, providing both spiritual and physical aid to the underprivileged population of the country. The auctions aim to make a significant contribution to the ongoing efforts of these charitable organizations, helping to improve the living conditions and well-being of the people in Haiti. By raising funds through these auctions, Haiti Benefit Auctions plays a crucial role in supporting the charitable organizations operating in Haiti, thereby contributing to the betterment of the country.
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Who is the CEO of Haiti Benefit Auction?
Nelson Miller is the Chairman of Haiti Benefit Auction.
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What is the revenue of Haiti Benefit Auction?
Haiti Benefit Auction's revenue in 2023 was $4,694,891.
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Who are the executives of Haiti Benefit Auction and what are their salaries?
Here are 12 key members and their salaries:
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Official website here: www.none
Learn more at the official website: www.none
Mission Statement of Haiti Benefit Auction
The Haiti Benefit Auction is an initiative aimed at organizing auctions in various locations. Its primary mission is to raise funds for charitable organizations operating in Haiti, offering relief work that encompasses both spiritual and physical aid. By participating in these auctions, individuals contribute to channeling resources to these organizations, which are dedicated to serving the underprivileged population in Haiti.
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Impact
October, 2024
The Haiti Benefit Auction has a significant impact by channeling funds to missions actively providing relief efforts in Haiti. Through organized benefit auctions held in various locations, it raises essential financial support for charitable organizations that address both spiritual and physical needs among underprivileged communities in the country. By mobilizing resources and fostering community engagement, the auction plays a critical role in supporting ongoing humanitarian efforts, ultimately improving the quality of life for many in Haiti. Its focus on both immediate relief and long-term mission work helps create sustainable changes, making a meaningful difference in the lives of those it serves.
This information is meant to be a general summary of Haiti Benefit Auction. 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.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2023.
- Investment Income: $4,865
- Program Service Revenue: $1,119,424
- Gross Receipts: $4,694,891
Assets and Liabilities:
- Total Assets: $602,496
- Total Liabilities: $15,809
- Net Assets: $586,687
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
BENEFIT AUCTION PROCEED
Revenue
$1,119,424
Organization Details
Founding Year
1985
Principal Officer
Nelson Miller
Main Address
8216 W 1350 N, NAPPANEE, IN, 46550
Website
www.noneNTEE Category
Code: Q33 - International
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