Overview
What is Brave Hearts For Strong Minds?
Brave Hearts For Strong Minds is a compassionate nonprofit organization based in Harleysville, Pennsylvania. With a small team of dedicated individuals, their mission is to offer educational support to children who have tragically lost an income-generating parent. Through their activities and initiatives, they aim to provide financial assistance to 529 plans, serving as a beacon of hope for these children's futures. Their work encourages empathy and collective action, inviting individuals to contribute to these education funds.
Official website here: www.braveheartsforstrongminds.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 81% (Three-Star out of Four Stars)
Brave Hearts For Strong Minds has received a Three-Star rating from Charity Navigator, indicating good performance in accountability and finance. The organization scored particularly well in areas such as having a majority of independent board members and no material diversion of assets, which reflects strong governance practices. The overall score is largely attributed to a commitment to transparency and fiscal responsibility.
The charity demonstrated a solid program expense ratio of 68.51%, suggesting that a significant portion of its expenditures is directed towards its programs rather than administrative costs. Additionally, the organization has established policies for conflict of interest and maintains proper documentation for board meeting minutes, further underscoring its commitment to accountability.
However, there are some areas for improvement. Notably, Brave Hearts For Strong Minds is missing a whistleblower policy and a document retention policy, both of which are important for ensuring ethical governance and operational integrity. Addressing these gaps could strengthen the organization’s overall governance framework and enhance donor confidence.
This AI summary has been generated from information found on Charity Navigator.
Is Brave Hearts For Strong Minds legitimate?
Brave Hearts For Strong Minds is a legitimate nonprofit organization registered as a 501(c)(3) entity. Brave Hearts For Strong Minds 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: $7,200
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.braveheartsforstrongminds.org
What is the mission statement of Brave Hearts For Strong Minds?
Brave Hearts For Strong Minds is an organization with a mission to extend support to children who have experienced the loss of their income-generating parent. This mission is encapsulated in their motto, encouraging everyone to be brave, unite, and put in effort to assist those in dire need. They accomplish this by gathering and donating funds to educational savings plans, known as 529 plans, for these affected children. The aim is to help these children continue their education despite the financial hardship brought about by the loss of their parent's income.
Official website here: www.braveheartsforstrongminds.org
Who is the CEO of Brave Hearts For Strong Minds?
Joseph Spause is the Executive Director of Brave Hearts For Strong Minds.
Official website here: www.braveheartsforstrongminds.org
What is the revenue of Brave Hearts For Strong Minds?
Brave Hearts For Strong Minds's revenue in 2022 was $46,588.
Official website here: www.braveheartsforstrongminds.org
Who are the executives of Brave Hearts For Strong Minds and what are their salaries?
The average compensation at Brave Hearts For Strong Minds during 2022 was $7,200. There is 1 employee at Brave Hearts For Strong Minds.
Here are 8 key members and their salaries:
- Compensation: $7,200
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- Other: $0
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Official website here: www.braveheartsforstrongminds.org
Where can I find the form 990 for Brave Hearts For Strong Minds?
Brave Hearts For Strong Minds's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.braveheartsforstrongminds.org
Learn more at the official website: www.braveheartsforstrongminds.org
Mission Statement of Brave Hearts For Strong Minds
Brave Hearts For Strong Minds is an organization that encourages bravery and collective action to aid those in dire need. Specifically, the nonprofit focuses on providing financial assistance for children who have tragically lost an income-generating parent. By donating funds to 529 education plans, Brave Hearts aims to alleviate some of the financial burden associated with the child's education, enabling them to continue their studies despite their family's loss. The mission of Brave Hearts For Strong Minds is to empower these children, offering them a glimmer of hope and the opportunity to build a brighter future.
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Impact
August, 2024
Brave Hearts For Strong Minds has a significant impact on providing educational support for children who have lost an income-producing parent in HARLEYSVILLE, PA. By collecting and donating money to education funds for these children through 529 plans, Brave Hearts challenges us all to be brave and work together to help those in the most need. Through this mission, Brave Hearts is making a tangible difference in helping children overcome the financial obstacles they face due to the loss of a parent.
This information is meant to be a general summary of Brave Hearts For Strong Minds. 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.
- Gross Receipts: $53,623
Assets and Liabilities:
- Total Assets: $23,558
- Total Liabilities: $458
- Net Assets: $23,100
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Organization Details
Founding Year
2011
Phone
(215) 346-6430Principal Officer
Joseph Spause
Main Address
2023 Store Road, Harleysville, PA, 19438
NTEE Category
Code: B99 - Education
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