Overview
What is The Hargrove Foundation Inc?
The Hargrove Foundation Inc, situated in Mobile, Alabama, is a charitable organization committed to making a positive impact in local communities. They accomplish this by recognizing worthy causes and charitable organizations and offering their resources and expertise to enhance opportunities for growth and success. The foundation's philanthropic endeavors extend to various sectors, including education, sports, arts and culture, as well as health and human services. By donating to and supporting these local events and organizations, The Hargrove Foundation Inc aims to foster a more prosperous and thriving community.
Official website here: www.hargrovefoundation.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 1 Star (58%)
The Hargrove Foundation Inc has received a low rating of 58%, earning it a One-Star out of Four Stars designation. This score reflects concerns regarding its accountability and financial transparency. Notably, the foundation has a complete lack of independent board members and has not provided financial statements, which significantly impacts its overall score.
On a positive note, the foundation does demonstrate a strong commitment to program expenses, with an impressive program expense ratio of 95.78%. This indicates that the majority of its resources are directed towards fulfilling its charitable mission. Additionally, the organization has policies in place for conflict of interest and maintains documentation for board meeting minutes.
However, the absence of key governance documents, such as a whistleblower policy and a document retention policy, highlights areas for improvement. Furthermore, the lack of independent oversight and the missing financial transparency can raise concerns for potential donors and supporters regarding the foundation's governance practices.
This AI summary has been generated from information found on Charity Navigator.
Is The Hargrove Foundation Inc legitimate?
The Hargrove Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Hargrove 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.
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Official website here: www.hargrovefoundation.org
What is the mission statement of The Hargrove Foundation Inc?
The Hargrove Foundation Inc's mission is centered around identifying worthy charitable causes and organizations within local communities. Their goal is to contribute their resources and skills, aiming to create more opportunities for success and development. Through their efforts, they have provided support to various local initiatives, including educational, sports, arts, and cultural events, as well as health and human services.
Official website here: www.hargrovefoundation.org
Who is the CEO of The Hargrove Foundation Inc?
John E B Shell is the Principal Officer of The Hargrove Foundation Inc.
Official website here: www.hargrovefoundation.org
What is the revenue of The Hargrove Foundation Inc?
The Hargrove Foundation Inc's revenue in 2022 was $632,646.
Official website here: www.hargrovefoundation.org
Who are the executives of The Hargrove Foundation Inc and what are their salaries?
Here are 17 key members and their salaries:
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Official website here: www.hargrovefoundation.org
Where can I find the form 990 for The Hargrove Foundation Inc?
The Hargrove Foundation Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.hargrovefoundation.org
Learn more at the official website: www.hargrovefoundation.org
Mission Statement of The Hargrove Foundation Inc
The Hargrove Foundation Inc, in its mission, seeks to recognize and engage with charitable causes and organizations within local communities. Their objective is to make a substantial impact on people's lives by generously contributing their resources and skills. Through this commitment, they aim to foster opportunities for success and development, ultimately bettering the lives of those in need. The Hargrove Foundation Inc has demonstrated this mission by providing support to various local initiatives, including educational events, sports activities, and arts and cultural programs. Additionally, they have extended their generosity to health and human services organizations, contributing to the well-being of their communities.
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Impact
July, 2024
The Hargrove Foundation Inc's impact includes providing donations to local educational, sporting, arts & cultural events, as well as supporting local health and human services in Mobile, Alabama. Through their philanthropic efforts, they aim to bring greater opportunities for success and development to individuals and organizations in their community.
This information is meant to be a general summary of The Hargrove 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: $22,838
- Gross Receipts: $956,102
Assets and Liabilities:
- Total Assets: $1,604,980
- Total Liabilities: $500
- Net Assets: $1,604,480
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Organization Details
Founding Year
2011
Phone
(251) 375-5657Principal Officer
John E B Shell
Main Address
20 S Royal St, Mobile, AL, 36602
Website
www.hargrovefoundation.orgNTEE Category
Code: T30 - Philanthropy
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