Overview
What is Altus Foundation?
The Altus Foundation, situated in Houston, Texas, is a nonprofit organization dedicated to charitable, educational, and scientific purposes. Its primary objective is to develop resources for patients in need of healthcare services, utilizing philanthropic support and educational programs for the community. By focusing on charitable and educational distributions, the foundation aims to enhance patient care through Altus Healthcare facilities or services. The organization is staffed by a single individual, demonstrating its commitment to its cause.
Official website here: www.altusfoundation.com
What are the reviews and ratings of this charity?
Charity Navigator Rating: 0 stars
The Altus Foundation has received a rating of 29%, resulting in a Zero-Star out of Four Star rating from Charity Navigator. This indicates significant concerns regarding the organization's accountability and financial practices. The score is based entirely on the Accountability & Finance beacon, showing that there are substantial weaknesses in financial transparency and management.
Strengths of the organization include having a fully independent board, with all eight members meeting the criteria for independence. Additionally, the foundation has demonstrated proper governance practices by retaining meeting minutes and listing its website on the tax form. However, these strengths are overshadowed by critical shortcomings in financial reporting and policy implementation.
The foundation has not provided financial statements, which severely limits insight into its fiscal health. Furthermore, it lacks essential governance policies, such as conflict of interest, whistleblower, and document retention policies. The organization has a low program expense ratio of 8.44%, indicating that a minimal portion of its funds is directed towards its mission-related programs. Overall, these factors contribute to a concerning assessment of the foundation's operational health and transparency.
This AI summary has been generated from information found on Charity Navigator.
Is Altus Foundation legitimate?
Altus Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Altus 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
Professional Fundraising Fees: $0
Other Salaries and Wages: $16,272
For more financial information, click here
Official website here: www.altusfoundation.com
What is the mission statement of Altus Foundation?
The Altus Foundation's mission is centered around developing resources for patients in need of healthcare services, leveraging philanthropic support and educational programs. The organization is primarily focused on charitable and educational purposes, with the primary objective of making distributions to serve these needs. The foundation also emphasizes patient and community educational programs as a means to further its charitable objectives. It is organized exclusively for charitable, educational, and scientific purposes.
Official website here: www.altusfoundation.com
Who is the CEO of Altus Foundation?
Taseer Badar is the Chairman of Altus Foundation.
Official website here: www.altusfoundation.com
What is the revenue of Altus Foundation?
Altus Foundation's revenue in 2020 was $665,251.
Official website here: www.altusfoundation.com
Who are the executives of Altus Foundation and what are their salaries?
The average compensation at Altus Foundation during 2020 was $16,272. There is 1 employee at Altus Foundation.
Here are 5 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.altusfoundation.com
Where can I find the form 990 for Altus Foundation?
Altus Foundation's most recent form 990 was submitted in 2020 and can be accessed here.
Official website here: www.altusfoundation.com
Learn more at the official website: www.altusfoundation.com
Mission Statement of Altus Foundation
The Altus Foundation, organized with charitable, educational, and scientific purposes in mind, focuses on developing resources for patients in need of healthcare services. This is achieved through the utilization of philanthropic support and educational programs at Altus healthcare facilities or services. The foundation's primary aim is to distribute funds for charitable and educational purposes, aligning with its mission to serve and support patients in need.
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Impact
July, 2024
Altus Foundation's impact is significant in developing resources for patients in need of services through Altus healthcare facilities and services. They utilize philanthropic support to provide essential care to those who require assistance, focusing on charitable, educational, and scientific purposes. Altus Foundation operates with the primary goal of making distributions for charitable and educational purposes, ultimately benefitting both patients and the community.
This information is meant to be a general summary of Altus 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 2020.
- Gross Receipts: $665,251
Assets and Liabilities:
- Total Assets: $603,579
- Total Liabilities: $23,845
- Net Assets: $579,734
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Organization Details
Founding Year
2011
Phone
(713) 627-2000Principal Officer
Taseer Badar
Main Address
1535 W LOOP SOUTH 450, HOUSTON, TX, 77027
Website
www.altusfoundation.comNTEE Category
Code: T30 - Philanthropy
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