Overview
What is Honours Inc?
Honours Inc, situated in Slinger, Wisconsin, is a dedicated nonprofit organization committed to facilitating higher education through scholarships. Their primary mission is to offer financial aid to deserving individuals, thereby enabling them to pursue their academic goals. Honours Inc's activities are centered around this objective, aiming to make higher education more accessible and affordable for a wider community. The organization's team remains focused on this mission, striving to make a significant impact in the lives of aspiring students.
Official website here: www.honoursinc.com
What are the reviews and ratings of this charity?
Charity Navigator Rating: 76%, Three-Star out of Four Star rating.
Honours Inc has received a solid Three-Star rating from Charity Navigator, indicating a good level of accountability and financial health. The score highlights the organization’s strong governance, including a fully independent board and no material diversion of assets, which reflects a commitment to ethical management practices. The program expense ratio of 74.67% suggests that a significant portion of its funds is directed towards its mission-related activities.
However, there are areas for improvement, particularly concerning the absence of key policies such as a conflict of interest policy and a whistleblower policy. These missing policies can raise concerns about governance risks and transparency. Additionally, while the organization has demonstrated solid financial management, the absence of these crucial governance frameworks could impact its overall effectiveness in the long term.
In summary, while Honours Inc shows strengths in financial management and board independence, it would benefit from addressing the gaps in its governance policies to enhance its overall accountability and public trust.
This AI summary has been generated from information found on Charity Navigator.
Is Honours Inc legitimate?
Honours Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Honours 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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Official website here: www.honoursinc.com
What is the mission statement of Honours Inc?
Honours Inc, as a scholarship or financial aid organization, is dedicated to providing higher education scholarships. The organization's mission is centered around supporting individuals seeking higher education by offering financial aid. By providing scholarships, Honours Inc aims to make higher education more accessible for those who may not be able to afford it, thereby contributing to their educational journey and future prospects. The organization's activities are focused solely on this mission, aiming to make a significant impact in the lives of many.
Official website here: www.honoursinc.com
Who is the CEO of Honours Inc?
Rick Gundrum is the President of Honours Inc.
Official website here: www.honoursinc.com
What is the revenue of Honours Inc?
Honours Inc's revenue in 2023 was $462,194.
Official website here: www.honoursinc.com
Who are the executives of Honours Inc and what are their salaries?
There 13 volunteers at Honours Inc.
Here are 13 key members and their salaries:
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Official website here: www.honoursinc.com
Where can I find the form 990 for Honours Inc?
Honours Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.honoursinc.com
Learn more at the official website: www.honoursinc.com
Mission Statement of Honours Inc
Honours Inc, a scholarship or financial aid organization, is committed to providing higher education opportunities for individuals. With a mission to support students in their academic pursuits, Honours Inc aims to alleviate financial barriers that often hinder access to higher education. By offering scholarships, this nonprofit organization enables deserving students to achieve their educational goals and ultimately, secure a brighter future.
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Impact
July, 2024
Honours Inc's impact can be seen through its dedication to providing higher education scholarships. By offering financial aid to students in Slinger, WI, Honours Inc is helping individuals pursue their academic goals and improve their future prospects. This support not only benefits the recipients directly but also contributes to the overall educational attainment and workforce development in the community. Through its mission of providing higher education scholarships, Honours Inc is making a meaningful difference in the lives of students and fostering a culture of learning and achievement.
This information is meant to be a general summary of Honours 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: $95,533
- Gross Receipts: $2,694,330
Assets and Liabilities:
- Total Assets: $5,386,337
- Total Liabilities: $0
- Net Assets: $5,386,337
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Organization Details
Founding Year
1985
Phone
(262) 644-5261Principal Officer
Rick Gundrum
Main Address
209 POLK STREET, SLINGER, WI, 53086
Website
www.honoursinc.comNTEE Category
Code: B82Z - Education
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