Overview
What is Hoover Presidential Foundation?
The Hoover Presidential Foundation, based in West Branch, Iowa, is a nonprofit organization with a mission to promote and support the Herbert Hoover Presidential Library-Museum, a National Historic Site. Their primary objective is to enhance public understanding of Herbert Hoover, both as a former U.S. President and a humanitarian. To achieve this, they back various programs and initiatives that delve into Hoover's presidency and humanitarian work. With a team of nine dedicated individuals, the foundation plays a vital role in preserving and disseminating historical information about this significant historical figure.
Official website here: www.hooverpresidentialfoundation.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 37% (Zero-Star out of Four Star Rating)
The Hoover Presidential Foundation has received a low score of 37%, resulting in a Zero-Star rating. This rating indicates significant concerns regarding the charity's financial accountability and overall efficiency. While the organization does benefit from a fully independent board, which demonstrates a strong governance structure, it lacks transparency, particularly in its financial reporting. Notably, it has failed to provide financial statements, which severely impacts its credibility.
On the positive side, the foundation has implemented several governance policies, including conflict of interest and whistleblower policies, which are essential for maintaining integrity in operations. However, the charity's financial metrics paint a troubling picture. With a program expense ratio of only 41.11% and a fundraising efficiency of merely $0.08, the organization appears to struggle in effectively allocating resources towards its mission.
Despite a well-structured board, the lack of financial transparency and poor performance in key financial metrics overshadow these strengths. Prospective donors and supporters should exercise caution and seek further information about the foundation’s operations and financial health before contributing.
This AI summary has been generated from information found on Charity Navigator.
Is Hoover Presidential Foundation legitimate?
Hoover Presidential Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Hoover Presidential 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
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Other Salaries and Wages: $619,858
For more financial information, click here
Official website here: www.hooverpresidentialfoundation.org
What is the mission statement of Hoover Presidential Foundation?
The Hoover Presidential Foundation's mission is to promote and support initiatives that increase understanding of Herbert Hoover, both as a former U.S. President and a humanitarian. This is achieved through their support of the Herbert Hoover Presidential Library-Museum, a national historic site, and various programs. These initiatives aim to enhance the public's perception of Hoover, promoting his legacy and contributions. The foundation's activities are geared towards fostering education and appreciation for Hoover's presidency and humanitarian endeavors.
Official website here: www.hooverpresidentialfoundation.org
What is the revenue of Hoover Presidential Foundation?
Hoover Presidential Foundation's revenue in 2024 was $5,673,689.
Official website here: www.hooverpresidentialfoundation.org
Who are the executives of Hoover Presidential Foundation and what are their salaries?
The average compensation at Hoover Presidential Foundation during 2024 was $68,873. There are 9 employees and 20 volunteers at Hoover Presidential Foundation.
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Official website here: www.hooverpresidentialfoundation.org
Where can I find the form 990 for Hoover Presidential Foundation?
Hoover Presidential Foundation's most recent form 990 was submitted in 2024 and can be accessed here.
Official website here: www.hooverpresidentialfoundation.org
Learn more at the official website: www.hooverpresidentialfoundation.org
Mission Statement of Hoover Presidential Foundation
The Hoover Presidential Foundation, as an organization, is committed to promoting and fostering the Herbert Hoover Presidential Library-Museum, a National Historic Site, as well as various other programs. Their mission is to enhance the understanding of Herbert Hoover, both as a former U.S. President and a humanitarian. By supporting these initiatives, the Hoover Presidential Foundation aims to provide insights into Hoover's presidency and his significant humanitarian contributions. The foundation's activities are focused on showcasing Hoover's legacy and fostering a deeper appreciation for his impact on history.
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Impact
July, 2024
The Hoover Presidential Foundation plays a crucial role in promoting and supporting the Herbert Hoover Presidential Library-Museum, National Historic Site, and other programs that seek to enhance the understanding of Herbert Hoover as both a president and a humanitarian. Through its activities, the foundation works to preserve the legacy of Herbert Hoover and educate the public about his contributions to society. This impact extends to the arts, as the foundation's efforts help to showcase the historical and cultural significance of Herbert Hoover's presidency and humanitarian work.
This information is meant to be a general summary of Hoover Presidential 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 2024.
- Investment Income: $700,533
- Program Service Revenue: $43,480
- Gross Receipts: $13,122,133
Assets and Liabilities:
- Total Assets: $15,396,359
- Total Liabilities: $477,721
- Net Assets: $14,918,638
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
EVENTS INCOME/FEES
Revenue
$43,480
Organization Details
Founding Year
1954
Principal Officer
Elizabeth Corridan
NTEE Category
Code: A54 - Arts
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