Overview
What is Share The Warmth Inc?
Share The Warmth Inc is a nonprofit organization situated in Houston, Texas, specifically at 1111 Louisiana Street. The primary purpose of this organization is to contribute funds to various 501(c)(3) organizations that offer aid and assistance to low-income households within the community served by Centerpoint Energy. This mission is aimed at alleviating hardships and supporting those in need, thereby strengthening the local community.
Official website here: www.sharethewarmthinc.com
What are the reviews and ratings of this charity?
Charity Navigator Rating: Needs Improvement (Two-Star out of Four Stars, 65%)
Share The Warmth Inc has received a two-star rating from Charity Navigator, reflecting a need for improvement in various operational aspects. The overall score of 65% indicates that while there are some strengths in their governance, such as having a majority of independent board members and a solid liabilities to assets ratio, there are significant shortcomings in financial transparency and accountability.
The organization performed well in areas like independent board size and conflict of interest policy, achieving full points in these categories. However, the lack of transparency is evident, particularly with financial statements, as they scored zero out of 15 points in that area. Additionally, there are gaps in essential policies such as their whistleblower and document retention policies, which received no points, raising concerns about their adherence to best practices in governance.
While Share The Warmth Inc demonstrates a commitment to maintaining an independent board and has managed liabilities effectively, the deficiencies in financial reporting and policy implementation could hinder their credibility and operational effectiveness. Addressing these issues will be crucial for enhancing their overall rating and public trust.
This AI summary has been generated from information found on Charity Navigator.
Is Share The Warmth Inc legitimate?
Share The Warmth Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Share The Warmth Inc 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:
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Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.sharethewarmthinc.com
What is the mission statement of Share The Warmth Inc?
Share The Warmth Inc's mission involves making contributions to various 501(c)(3) organizations that provide aid to low-income households within the community served by Centerpoint Energy. This support is aimed at alleviating the financial burdens of these households, thereby contributing to their overall well-being. By partnering with these organizations, Share The Warmth Inc plays a significant role in enhancing the living conditions of vulnerable individuals and families in the community. The contributions made by Share The Warmth Inc help these organizations to expand their services and reach a larger number of people in need.
Official website here: www.sharethewarmthinc.com
Who is the CEO of Share The Warmth Inc?
Jacqueline M Richert is the Director And President of Share The Warmth Inc.
Official website here: www.sharethewarmthinc.com
What is the revenue of Share The Warmth Inc?
Share The Warmth Inc's revenue in 2022 was $717,991.
Official website here: www.sharethewarmthinc.com
Who are the executives of Share The Warmth Inc and what are their salaries?
Here are 7 key members and their salaries:
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Official website here: www.sharethewarmthinc.com
Where can I find the form 990 for Share The Warmth Inc?
Share The Warmth Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.sharethewarmthinc.com
Learn more at the official website: www.sharethewarmthinc.com
Mission Statement of Share The Warmth Inc
Share the Warmth Inc is an organization that is dedicated to making contributions to other 501(c)(3) non-profit entities that offer assistance to low-income households within the community served by CenterPoint Energy. Their mission, in essence, is to extend a helping hand to those in need by channeling resources to other charitable organizations that provide essential aid. By doing so, Share the Warmth Inc plays a significant role in supporting these organizations, enabling them to continue their vital work of uplifting the less fortunate members of their community.
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Impact
October, 2024
Share The Warmth Inc significantly impacts low-income households in the Houston area by providing essential contributions to organizations dedicated to assisting these families. By partnering with other 501(c)(3) organizations, it strengthens community support systems, ensuring that those in need have access to vital resources. This focus on collaboration helps address immediate challenges faced by vulnerable populations, including financial assistance for utilities and other critical services. Through its efforts, Share The Warmth Inc plays a crucial role in enhancing the quality of life for individuals and families within the community served by CenterPoint Energy.
This information is meant to be a general summary of Share The Warmth Inc. 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 2022.
- Gross Receipts: $717,991
Assets and Liabilities:
- Total Assets: $1,335,290
- Total Liabilities: $0
- Net Assets: $1,335,290
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Organization Details
Founding Year
2001
Phone
(713) 207-1111Principal Officer
Jacqueline M Richert
Main Address
1111 Louisiana Street, Houston, TX, 77002
Website
www.sharethewarmthinc.comNTEE Category
Code: P60 - Human services
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