Overview
What is Housewares Charity Foundation?
The Housewares Charity Foundation, situated in Rosemont, Illinois, is a nonprofit organization dedicated to fostering a philanthropic image within the housewares industry. They achieve this by annually raising funds for designated charities, primarily through an annual gala event. The foundation's goal is to create a lasting legacy within the industry by consistently supporting one charity while also partnering with charities selected by honorees. By doing so, the Housewares Charity Foundation aims to contribute positively to various social causes, thereby enhancing the compassionate image of the housewares industry.
Official website here: www.housewarescharity.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 78%, Three-Star out of Four Star rating.
The Housewares Charity Foundation has achieved a Three-Star rating, reflecting a solid score of 78% primarily based on its Accountability & Finance metrics. This high rating indicates that the organization adheres to strong financial practices and accountability, demonstrating a commitment to transparency and responsible management of funds.
A notable strength of the foundation is its governance structure, with a fully independent board comprised of 19 members and no reported conflicts of interest. The organization has policies in place to ensure ethical conduct, including a whistleblower policy and a clear documentation process for board meeting minutes. Additionally, it has a very low liabilities to assets ratio, showcasing financial stability.
However, there are some areas for improvement, particularly in fundraising efficiency, where the foundation scored lower with a ratio of $0.16. While its program expense ratio is commendable at nearly 80%, this indicates that the organization may need to enhance its fundraising strategies to increase overall effectiveness and sustainability.
This AI summary has been generated from information found on Charity Navigator.
Is Housewares Charity Foundation legitimate?
Housewares Charity Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Housewares Charity 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: $73,089
Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.housewarescharity.org
What is the mission statement of Housewares Charity Foundation?
The Housewares Charity Foundation's mission is centered around two main objectives. Firstly, it aims to raise funds annually for designated charities. Secondly, it seeks to promote a philanthropic image within the housewares industry. In the spirit of goodwill, the foundation strives to create a lasting impact by supporting a single charity in continuity while also partnering with charities chosen by honorees each year. Funds are typically collected through an annual gala event, as demonstrated by the successful event held in March 2023.
Official website here: www.housewarescharity.org
Who is the CEO of Housewares Charity Foundation?
Derek Miller is the Executive Chairman of Housewares Charity Foundation.
Official website here: www.housewarescharity.org
What is the revenue of Housewares Charity Foundation?
Housewares Charity Foundation's revenue in 2022 was $521,079.
Official website here: www.housewarescharity.org
Who are the executives of Housewares Charity Foundation and what are their salaries?
There 18 volunteers at Housewares Charity Foundation.
Here are 18 key members and their salaries:
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Official website here: www.housewarescharity.org
Where can I find the form 990 for Housewares Charity Foundation?
Housewares Charity Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.housewarescharity.org
Learn more at the official website: www.housewarescharity.org
Mission Statement of Housewares Charity Foundation
The Housewares Charity Foundation, in the spirit of benevolence, is committed to raising funds annually for designated charities. Its mission is twofold: firstly, to support a single charity in continuity, thereby establishing a lasting legacy within the housewares industry. Secondly, the foundation aims to promote the philanthropic image of the housewares industry by partnering with charities chosen by its honorees each year. The foundation typically raises funds through an annual gala event, as demonstrated by its successful gala held in March 2023. By engaging in these activities, the Housewares Charity Foundation seeks to make a significant impact in various charitable causes while strengthening the image of the housewares industry as a compassionate and giving sector.
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Impact
July, 2024
The Housewares Charity Foundation's impact lies in its ability to raise funds for designated charities and promote the philanthropic image of the housewares industry. Through their efforts, they aim to support various charitable causes and unite the industry in giving back to the community. By organizing events like successful annual galas, the foundation creates opportunities for industry professionals to come together and make a positive impact through charitable donations. Overall, their mission is to amplify the spirit of goodwill within the housewares industry and support meaningful causes through their philanthropic initiatives.
This information is meant to be a general summary of Housewares Charity 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.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Gross Receipts: $521,079
Assets and Liabilities:
- Total Assets: $635,272
- Total Liabilities: $5,057
- Net Assets: $630,215
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Organization Details
Founding Year
1999
Phone
(847) 292-4200Principal Officer
Derek Miller
Main Address
6400 SHAFER COURT 650, ROSEMONT, IL, 60018
Website
www.housewarescharity.orgNTEE Category
Code: T20 - Philanthropy
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