Overview
What is Headwaters Foundation Inc?
Headwaters Foundation Inc, situated in Superior, Wisconsin, is a charitable organization dedicated to supporting Headwaters, Inc., a non-profit that serves individuals with intellectual and developmental disabilities. The Foundation's primary role is to provide financial assistance to enhance the beneficial programs offered by Headwaters, Inc., in line with its mission to contribute to charitable, educational, scientific, and literacy causes. The organization adheres to Catholic Social teachings, aligning its activities with the Roman Catholic Church's charitable works and traditions.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 94%, Four-Star out of Four Star rating.
Headwaters Foundation Inc has received a commendable Four-Star rating from Charity Navigator, reflecting its strong performance in accountability and finance. The overall score is particularly impressive, calculated entirely through a beacon score that emphasizes financial prudence. Notably, the organization boasts a 0% Liabilities to Assets Ratio and a high Program Expense Ratio of 99.89%, indicating that nearly all of its funds are dedicated to its programs.
The foundation's governance is another strong point, with an entirely independent board consisting of ten members, which enhances the integrity and decision-making processes within the organization. Its adherence to best practices is evident through well-established policies like conflict of interest, whistleblower protections, and document retention, all of which received full marks in evaluations.
While the data highlights the strengths and high standards of Headwaters Foundation Inc, there are no significant limitations or concerns raised in the information reviewed. This solid foundation of accountability and transparency positions the organization favorably within the nonprofit sector.
This AI summary has been generated from information found on Charity Navigator.
Is Headwaters Foundation Inc legitimate?
Headwaters Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Headwaters Foundation 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
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What is the mission statement of Headwaters Foundation Inc?
The Headwaters Foundation Inc's mission is primarily focused on providing financial support to the charitable programs of Headwaters, Inc. Operating under the umbrella of Catholic Charities Bureau, its activities align with the charitable works and traditions of the Roman Catholic Church. Adhering to Catholic Social teachings, the foundation carries out its works to maintain, operate, and conduct social services. Its goal is to operate exclusively for charitable, scientific, literacy, and education purposes.
Who is the CEO of Headwaters Foundation Inc?
Alan Rock is the Board Director of Headwaters Foundation Inc.
What is the revenue of Headwaters Foundation Inc?
Headwaters Foundation Inc's revenue in 2022 was $29,094.
Who are the executives of Headwaters Foundation Inc and what are their salaries?
There 10 volunteers at Headwaters Foundation Inc.
Here are 10 key members and their salaries:
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Where can I find the form 990 for Headwaters Foundation Inc?
Headwaters Foundation Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Headwaters Foundation Inc
Headwaters Foundation Inc, as per its mission statement, is primarily dedicated to providing financial support for the benefit programs of Headwaters, Inc. This organization operates with a charitable, scientific, literacy, and educational focus. Aligning with the teachings of the Roman Catholic Church, Catholic Charities Bureau Affiliates, of which Headwaters Foundation Inc is a part, carry out their work in accordance with these values. Their activities are designed to maintain, operate, and conduct, both directly and indirectly, social services in line with the charitable works and traditions of the Roman Catholic Church.
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Impact
August, 2024
Headwaters Foundation Inc's impact is primarily focused on providing financial support to benefit programs of Headwaters, Inc., a nonprofit organization serving individuals with intellectual and developmental disabilities. The foundation operates exclusively for charitable, scientific, literacy, and educational purposes, in alignment with the charitable works and traditions of the Roman Catholic Church. By providing funding to Headwaters, Inc., Headwaters Foundation Inc plays a crucial role in supporting the well-being and empowerment of individuals with disabilities in Superior, WI.
This information is meant to be a general summary of Headwaters Foundation 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.
- Investment Income: $10,476
- Gross Receipts: $38,421
Assets and Liabilities:
- Total Assets: $905,445
- Total Liabilities: $0
- Net Assets: $905,445
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Organization Details
Founding Year
1985
Phone
(715) 394-6617Principal Officer
Alan Rock
Main Address
1416 Cumming Ave, Superior, WI, 54880
NTEE Category
Code: T00 - Philanthropy
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