Overview
What is Oilfield Helping Hands Inc?
Oilfield Helping Hands Inc., a nonprofit organization based in Houston, Texas, is dedicated to providing financial relief to oilfield workers and their families who find themselves in financial crises, regardless of their location in the United States or specific regions such as West Texas, East Texas, Northwestern Louisiana, the Rocky Mountain Area, or the Appalachia Area. Established by volunteers, the organization has assisted over 835 families in the past decade with a total of $5.2 million in financial aid, helping families cover various expenses like funeral costs, medical bills, mortgage payments, and emergency expenses. The charity currently employs a small team of two individuals to carry out its mission.
Official website here: www.oilfieldhelpinghands.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: Needs Improvement (Two-Star out of Four Star Rating, 69%)
Oilfield Helping Hands Inc. has received a two-star rating from Charity Navigator, indicating a need for improvement in certain areas of its operations. The organization performs relatively well in terms of its program expense ratio, with 79.73% of its funds dedicated to its programs. Additionally, it boasts a fully independent board, which is a positive aspect of its governance structure.
However, the nonprofit faces significant challenges in accountability and finance, as evidenced by the absence of essential financial statements and key policies such as conflict of interest and whistleblower policies. These gaps contribute to the overall score of 69%, highlighting areas where transparency and governance could be strengthened. Furthermore, while the nonprofit has a satisfactory liabilities to assets ratio, its lack of publicly available financial documentation raises concerns for potential donors regarding fiscal responsibility.
Overall, while Oilfield Helping Hands Inc. demonstrates a strong commitment to its mission through effective program funding, it must address its governance shortcomings and improve transparency to enhance its rating and build trust with stakeholders.
This AI summary has been generated from information found on Charity Navigator.
Is Oilfield Helping Hands Inc legitimate?
Oilfield Helping Hands Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Oilfield Helping Hands 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:
Executive Compensation: $14,040
Professional Fundraising Fees: $0
Other Salaries and Wages: $66,584
For more financial information, click here
Official website here: www.oilfieldhelpinghands.org
What is the mission statement of Oilfield Helping Hands Inc?
Oilfield Helping Hands Inc is a non-profit organization comprised of volunteers dedicated to providing financial assistance to oilfield workers experiencing financial crises. The charity, which operates in various regions including Houston, Texas, West Texas, East Texas, Northwestern Louisiana, the Rocky Mountain area, and the Appalachia area, aims to offer financial relief to families in distress, often due to unforeseen circumstances. In 2022 alone, Oilfield Helping Hands assisted 47 families by providing funds to cover expenses such as funeral costs, medical bills, mortgage payments, and other emergency expenses. Over the past decade, the organization has extended financial aid to over 835 families, relieving them of a total of $5.2 million in financial burdens.
Official website here: www.oilfieldhelpinghands.org
What is the revenue of Oilfield Helping Hands Inc?
Oilfield Helping Hands Inc's revenue in 2023 was $1,001,366.
Official website here: www.oilfieldhelpinghands.org
Who are the executives of Oilfield Helping Hands Inc and what are their salaries?
The average compensation at Oilfield Helping Hands Inc during 2023 was $40,312. There are 2 employees at Oilfield Helping Hands Inc.
Here are 10 key members and their salaries:
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Official website here: www.oilfieldhelpinghands.org
Where can I find the form 990 for Oilfield Helping Hands Inc?
Oilfield Helping Hands Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.oilfieldhelpinghands.org
Learn more at the official website: www.oilfieldhelpinghands.org
Mission Statement of Oilfield Helping Hands Inc
Oilfield Helping Hands Inc, a non-profit charitable organization, is dedicated to extending a helping hand to oilfield workers who find themselves in financial distress. Comprised of volunteers, this organization operates in various areas such as Houston, Texas, West Texas, East Texas, Northwestern Louisiana, the Rocky Mountain area, and the Appalachia area. Their primary mission is to provide financial assistance to these individuals in need, offering them a ray of hope during challenging times.
In 2022 alone, Oilfield Helping Hands Inc managed to aid 47 families who were grappling with financial crises. This aid took the form of financial relief, enabling these families to tackle expenses such as funeral costs, medical bills, mortgage payments, and other emergency expenditures. Over the past decade, the organization has extended this financial assistance to over 835 families, providing a total relief of $5.2 million. These figures underscore the significant impact Oilfield Helping Hands Inc has on the lives of those in the oilfield community who are grappling with financial hardships.
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Impact
October, 2024
Oilfield Helping Hands Inc. has made a significant impact on the lives of oilfield workers facing financial adversity in regions such as Houston, West Texas, East Texas, Northwestern Louisiana, the Rocky Mountains, and Appalachia. In 2022 alone, it provided financial assistance to 47 families, enabling them to navigate difficult circumstances. The funds offered crucial support for funeral expenses, medical bills, mortgage payments, and other urgent financial needs.
Over the past decade, the organization has assisted more than 835 families, distributing approximately $5.20 million in essential relief. This support not only alleviates immediate financial burdens but also helps individuals and families regain stability during challenging times. Through the dedication of its volunteers, Oilfield Helping Hands Inc. plays a vital role in fostering community resilience and support among oilfield workers and their families.
This information is meant to be a general summary of Oilfield Helping Hands 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 2023.
- Investment Income: $2,286
- Gross Receipts: $1,697,133
Assets and Liabilities:
- Total Assets: $1,256,010
- Total Liabilities: $5,326
- Net Assets: $1,250,684
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Organization Details
Founding Year
2011
Principal Officer
Mona Ansley
Website
www.oilfieldhelpinghands.orgNTEE Category
Code: P60 - Human services
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