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Advertising Education Foundation Of Houston

Learn about this cause: What are the reviews? Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 452717843 ✦ Houston, TX ✦ Designated as a 501(c)(3)

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Overview

What is Advertising Education Foundation Of Houston?

The Advertising Education Foundation of Houston, based at 5773 Woodway Drive, Houston, Texas 77057, is a nonprofit organization dedicated to supporting undergraduate and graduate students pursuing degrees in advertising, communications, interactive marketing, journalism, radio/TV, commercial art, public relations, or related fields. The foundation achieves this mission by awarding scholarships to eligible students, contributing to their educational growth in these fields. With a focus on higher education, the Advertising Education Foundation of Houston plays a significant role in nurturing the future leaders of advertising and communications industries.


Official website here: www.houstonadscholarships.com

What are the reviews and ratings of this charity?

Charity Navigator Rating: 93% (Four-Star out of Four Star rating)

The Advertising Education Foundation of Houston has achieved a commendable Four-Star rating from Charity Navigator, indicating a high level of accountability and financial health. The organization scored 93 in its Accountability & Finance category, reflecting a commitment to transparency and responsible management of resources. This score is entirely based on its strong performance in various financial metrics and governance practices.

One of the notable strengths of the foundation is its governance structure, which features a fully independent board composed of 16 members, ensuring that decisions are made without conflicts of interest. Additionally, the foundation demonstrates sound practices by having no material diversion of assets and actively maintaining key policies, such as a whistleblower policy, which fosters a culture of transparency and ethical conduct.

Moreover, the foundation's financial management is evidenced by its high program expense ratio of 84.55%, indicating that a significant portion of its funds is directed towards programs rather than administrative costs. The low liabilities to assets ratio of 1.06% further underscores its financial stability. Overall, the foundation is effectively managed and committed to its mission, with no major limitations noted in the data.


This AI summary has been generated from information found on Charity Navigator.

Is Advertising Education Foundation Of Houston legitimate?

Advertising Education Foundation Of Houston is a legitimate nonprofit organization registered as a 501(c)(3) entity. Advertising Education Foundation Of Houston 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.houstonadscholarships.com

What is the mission statement of Advertising Education Foundation Of Houston?

The Advertising Education Foundation Of Houston's mission is centered around providing scholarships to undergraduate and graduate students pursuing degrees in advertising, communications, and related fields. By doing so, the foundation aims to support and foster the development of future professionals in these fields, thereby contributing to the growth and advancement of the industry. The scholarships are awarded to college sophomores, juniors, and seniors, spanning various disciplines such as interactive marketing, journalism, radio/TV, commercial art, public relations, and related fields.


Official website here: www.houstonadscholarships.com

Who is the CEO of Advertising Education Foundation Of Houston?

Jay Hagins is the Chairman of Advertising Education Foundation Of Houston.


Official website here: www.houstonadscholarships.com

What is the revenue of Advertising Education Foundation Of Houston?

Advertising Education Foundation Of Houston's revenue in 2023 was $56,706.


Official website here: www.houstonadscholarships.com

Who are the executives of Advertising Education Foundation Of Houston and what are their salaries?

There 12 volunteers at Advertising Education Foundation Of Houston.


Here are 16 key members and their salaries:


Bill Fogarty (Chairman)
  • Compensation: $0
  • Related: $0
  • Other: $0
Judy Lakin (Vice Chairperson)
  • Compensation: $0
  • Related: $0
  • Other: $0
Brenda Love (Vice Chairperson)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jay Hagins (Vice Chairperson)
  • Compensation: $0
  • Related: $0
  • Other: $0
Kaye Simeon (Secretary)
  • Compensation: $6,500
  • Related: $0
  • Other: $0
Lori Clark (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Tammy Guest (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Alex Carrano Haines (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Stacy Hooper (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Larry Kelly (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Ashley Lange (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Alex Lpez Negrete (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Anne Mrok-Smith (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Steve Speier (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jim Walker (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Tami Weitkunat (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.houstonadscholarships.com

Where can I find the form 990 for Advertising Education Foundation Of Houston?

Advertising Education Foundation Of Houston's most recent form 990 was submitted in 2023 and can be accessed here.


Official website here: www.houstonadscholarships.com

Learn more at the official website: www.houstonadscholarships.com

Mission Statement of Advertising Education Foundation Of Houston

The Advertising Education Foundation Of Houston, as its name suggests, is a nonprofit organization dedicated to awarding scholarships. Its mission is centered around supporting undergraduate and graduate students pursuing degrees in advertising, communications, interactive marketing, journalism, radio/TV, commercial art, public relations, or related fields. By providing these scholarships, the foundation aims to foster the growth and development of talented individuals in these fields, thereby contributing to the broader advertising and communications industry. The AEFH awards scholarships to college sophomores, juniors, and seniors, thereby investing in the future leaders of this sector.

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Impact




August, 2024

The Advertising Education Foundation of Houston positively impacts undergraduate and graduate students pursuing degrees in advertising, communications, and related fields by providing scholarships. By offering financial support to college sophomores, juniors, and seniors, AEFH helps empower the next generation of professionals in areas such as interactive marketing, journalism, public relations, and more. Through its scholarships, AEFH contributes to the education and development of talented individuals who may otherwise face financial barriers to achieving their academic goals.




This information is meant to be a general summary of Advertising Education Foundation Of Houston. 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.

Revenue
$56,706 (2023)
Expenses
$102,118 (2023)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2023.

  • Investment Income: $10,788
  • Gross Receipts: $56,706

Assets and Liabilities:

  • Total Assets: $469,601
  • Total Liabilities: $5,000
  • Net Assets: $464,601

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Organization Details

Founding Year

2011

Principal Officer

Jay Hagins

Main Address

5773 Woodway Drive, Houston, TX, 77057

NTEE Category

Code: B82 - Education

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