Overview
What is Holland Home Foundation?
The Holland Home Foundation, situated in Grand Rapids, Michigan, serves as a crucial support system for Holland Home. Its primary mission is to collect and manage funds and properties, ensuring they are exclusively utilized to enhance the operations and benefits of Holland Home. This nonprofit organization aims to strengthen Holland Home's capacity to assist its residents, contributing to their overall well-being. By securing donations, bequests, and gifts, the Holland Home Foundation plays an essential role in fulfilling Holland Home's mission.
Official website here: www.hollandhome.org/foundation
What are the reviews and ratings of this charity?
Charity Navigator Rating: 97% (Four-Star out of Four Stars)
Holland Home Foundation has earned a remarkable 97% rating from Charity Navigator, reflecting its strong commitment to accountability and finance. This score indicates that the organization adheres to high standards of financial management, transparency, and governance. The foundation's effective oversight, highlighted by an independent board comprised entirely of independent members, contributes to its excellent rating.
The organization excels in various financial metrics, with a program expense ratio of 72.78%, demonstrating a significant portion of its funding is directed towards its programs. Additionally, the foundation’s fundraising efficiency is commendable, costing only $0.12 to raise a dollar, which showcases its ability to maximize donor resources effectively. The overall financial health is further supported by a low liabilities-to-assets ratio of 1.36%, indicating strong financial stability.
Despite its impressive ratings, there are no specific limitations or concerns noted in the data regarding Holland Home Foundation. The comprehensive policies in place, such as conflict of interest and whistleblower protections, alongside well-documented board meeting minutes, underline the foundation's commitment to ethical management and operational integrity.
This AI summary has been generated from information found on Charity Navigator.
Is Holland Home Foundation legitimate?
Holland Home Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Holland Home 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.hollandhome.org/foundation
What is the mission statement of Holland Home Foundation?
The Holland Home Foundation's mission is to gather and manage funds and properties, exclusively benefiting Holland Home. Their primary objective is to receive donations, bequests, and gifts to support Holland Home's mission. By providing financial aid, the foundation helps Holland Home to maintain and expand its services to its residents. The Holland Home Foundation plays a crucial role in ensuring Holland Home's continued assistance to those it serves.
Official website here: www.hollandhome.org/foundation
Who is the CEO of Holland Home Foundation?
Troy Vugteveen is the Ceo & President of Holland Home Foundation. The CEO's salary of Holland Home Foundation is $0 and their total compensation is $321,781.
Official website here: www.hollandhome.org/foundation
What is the revenue of Holland Home Foundation?
Holland Home Foundation's revenue in 2022 was $3,115,658.
Official website here: www.hollandhome.org/foundation
Who are the executives of Holland Home Foundation and what are their salaries?
Here are 16 key members and their salaries (Holland Home Foundation's CEO's salary is $0 and their total compensation is $321,781):
- Compensation: $0
- Related: $321,781
- Other: $0
- Compensation: $0
- Related: $255,554
- Other: $26,135
- Compensation: $0
- Related: $214,317
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
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- Other: $0
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- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
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- Other: $0
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- Other: $0
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- Other: $0
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- Other: $0
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- Compensation: $0
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- Other: $0
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- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.hollandhome.org/foundation
Where can I find the form 990 for Holland Home Foundation?
Holland Home Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.hollandhome.org/foundation
Learn more at the official website: www.hollandhome.org/foundation
Mission Statement of Holland Home Foundation
The Holland Home Foundation, a nonprofit entity, is dedicated to a significant objective. Its primary mission is to collect and manage funds and properties, all for the sole purpose of benefiting Holland Home. This organization's role is crucial in securing the financial backing necessary for Holland Home to carry out its mission effectively. By receiving contributions, bequests, and gifts, the Holland Home Foundation plays a pivotal role in supporting Holland Home's mission and ensuring its continued success in assisting its residents.
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Impact
July, 2024
Holland Home Foundation's impact is significant in Grand Rapids, Michigan. By securing and administering funds and properties for the exclusive use and benefit of Holland Home, the foundation plays a crucial role in providing financial support to enable Holland Home to continue its assistance to residents. Through its efforts, Holland Home Foundation directly contributes to the well-being of individuals receiving care and support from Holland Home.
This information is meant to be a general summary of Holland Home 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.
- Investment Income: $475,649
- Gross Receipts: $25,858,825
Assets and Liabilities:
- Total Assets: $21,438,528
- Total Liabilities: $387,009
- Net Assets: $21,051,519
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Organization Details
Founding Year
1985
Phone
(616) 235-5015Principal Officer
Troy Vugteveen
Main Address
2100 Raybrook St SE Suite 300, Grand Rapids, MI, 49546
NTEE Category
Code: P70I - Human services
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