Overview
What is Hodes Family Foundation Inc?
Hodes Family Foundation Inc is a charitable organization headquartered in White Plains, New York, with a mission to aid endangered innocents globally. They receive and distribute contributions to support animal sanctuaries and clean water solutions for children and families in Africa. Furthermore, the foundation offers resources to advance these causes and aims to expand its reach in alignment with its mission. In addition, Hodes Family Foundation Inc contributes to initiatives aimed at stopping child and human trafficking, primarily in Southeast Asia, and supports empowerment for survivors of human rights violations. Their beneficiaries include various non-profit organizations.
What are the reviews and ratings of this charity?
Charity Navigator Rating: One-Star out of Four Stars (52%)
The Hodes Family Foundation Inc has received a low rating of 52% from Charity Navigator, reflecting significant concerns regarding its accountability and financial practices. The organization has not demonstrated independence in its board composition, with 0% of board members being independent. Additionally, the foundation lacks essential financial statements and has not made critical governance policies available, which raises questions about transparency and oversight.
Despite these weaknesses, the foundation does show a strong commitment to its mission with a program expense ratio of 99.97%, indicating that almost all of its expenditures are directed towards its programs. This focus on program spending is a positive aspect of the organization, suggesting that the foundation prioritizes its charitable objectives over administrative costs.
However, the absence of a conflict of interest policy, whistleblower policy, and proper documentation related to board meetings and financial disclosures highlights the need for improvement in governance practices. The lack of these policies may hinder accountability and trust among stakeholders, which is crucial for sustaining donor confidence and support. Overall, the Hodes Family Foundation Inc has strengths in its program spending but must address its governance and transparency deficiencies to enhance its overall effectiveness.
This AI summary has been generated from information found on Charity Navigator.
Is Hodes Family Foundation Inc legitimate?
Hodes Family Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Hodes Family 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.
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
What is the mission statement of Hodes Family Foundation Inc?
The Hodes Family Foundation Inc's mission is centered around making a positive impact for vulnerable entities worldwide. They accomplish this by receiving and dispersing charitable contributions to support animal sanctuaries. Furthermore, the foundation contributes to initiatives aimed at providing clean water solutions for children and families in Africa. In line with its mission, the foundation also provides property and resources to advance these causes and intends to expand its reach. Another area of focus for the foundation is combating child and human trafficking, primarily in Southeast Asia, and supporting the empowerment of survivors of human rights violations. The beneficiaries of these initiatives include various non-profit organizations.
Who is the CEO of Hodes Family Foundation Inc?
Robert Hodes is the Chairman of Hodes Family Foundation Inc.
What is the revenue of Hodes Family Foundation Inc?
Hodes Family Foundation Inc's revenue in 2022 was $599,477.
Who are the executives of Hodes Family Foundation Inc and what are their salaries?
There is 1 key member and their salary:
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Hodes Family Foundation Inc?
Hodes Family Foundation Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Hodes Family Foundation Inc
The Hodes Family Foundation Inc is committed to making a positive impact in the world, with a particular focus on protecting vulnerable populations. Their mission involves receiving and distributing charitable contributions to support various causes. One of their key areas of interest is animal sanctuaries, where they contribute financially to ensure the well-being of endangered animals.
Beyond animal welfare, the foundation also extends its support to initiatives aimed at providing clean water solutions for children and families in Africa. This commitment to improving lives extends beyond geographical boundaries, as the foundation also contributes to efforts to combat child and human trafficking, primarily in Southeast Asia. In line with this mission, they support organizations working towards the empowerment of survivors of human rights violations.
Furthermore, the Hodes Family Foundation Inc provides property and other resources to further these causes, with an intention to expand its reach in alignment with its mission. This philanthropic organization believes in the power of collective efforts and collaborates with other non-profit organizations to achieve its goals, making a significant difference in the lives of endangered innocents around the globe.
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Impact
July, 2024
Hodes Family Foundation Inc's impact is significant in supporting endangered innocents around the world through various initiatives. The foundation provides charitable contributions to animal sanctuaries, contributes to clean water solutions in Africa, and works to educate people on problem-solving, conflict resolution, and emotional health. Additionally, the foundation plays a role in combating child and human trafficking in Southeast Asia while supporting survivors of human rights violations. The foundation's efforts extend to providing resources and properties to advance these causes and have a positive impact on other nonprofit organizations.
This information is meant to be a general summary of Hodes Family 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: $199,477
- Gross Receipts: $676,519
Assets and Liabilities:
- Total Assets: $1,142,634
- Total Liabilities: $0
- Net Assets: $1,142,634
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Organization Details
Founding Year
2012
Phone
(516) 576-9264Principal Officer
Robert Hodes
Main Address
723 N BROADWAY, WHITE PLAINS, NY, 10603
NTEE Category
Code: T30 - Philanthropy
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