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High Socks For Hope Inc

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

EIN: 461490170 ✦ Northport, AL ✦ Designated as a 501(c)(3)

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Overview

What is High Socks For Hope Inc?

High Socks For Hope Inc, a nonprofit organization based in Northport, Alabama (specifically at 3617 McFarland Blvd, ZIP code 35476), is dedicated to offering assistance to charities and organizations that aid those impacted by various tragedies. Their primary mission is to lend a hand in these efforts and provide essential humanitarian services for individuals in need. Apart from this, High Socks For Hope Inc has a unique focus on offering furniture and household items to families who have been affected by natural disasters. The organization, with a small team of one dedicated individual, is committed to supporting these causes and making a difference in the lives of those in need.


Official website here: www.highsocksforhope.com

What are the reviews and ratings of this charity?

Charity Navigator Rating: Needs Improvement, 69%

High Socks For Hope Inc has received a two-star rating, indicating areas for improvement in its accountability and financial practices. The charity scored 69% overall, with strengths in having a fully independent board and a good liabilities to assets ratio. However, significant deficiencies in financial statements and governance policies are evident, which could impact transparency and trust.

The organization shows a commitment to proper board governance, as evidenced by its full points for independent board member presence and board meeting documentation. Nonetheless, the lack of financial statements on its website and very low scores for conflict of interest and whistleblower policies raise concerns about internal controls and oversight.

While the charity allocates its resources well towards programs, the absence of key financial transparency documents may hinder donor confidence. Improved governance practices and financial reporting could enhance its accountability measures and overall ratings in the future.


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

Is High Socks For Hope Inc legitimate?

High Socks For Hope Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. High Socks For Hope 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


Official website here: www.highsocksforhope.com

What is the mission statement of High Socks For Hope Inc?

High Socks For Hope Inc's mission is centered around offering assistance to charities and organizations that cater to individuals impacted by tragedies. They also extend their services to provide humanitarian aid to individuals in need. In specific instances, they offer furniture and essential household items to families following natural disasters. This organization's goal is to contribute positively to the lives of those struggling, fostering a sense of support and recovery.


Official website here: www.highsocksforhope.com

Who is the CEO of High Socks For Hope Inc?

Judy Holland is the Director of High Socks For Hope Inc.


Official website here: www.highsocksforhope.com

What is the revenue of High Socks For Hope Inc?

High Socks For Hope Inc's revenue in 2022 was $1,530,543.


Official website here: www.highsocksforhope.com

Who are the executives of High Socks For Hope Inc and what are their salaries?

There is 1 employee at High Socks For Hope Inc.


Here are 5 key members and their salaries:


Phelecia Krebs (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Erin Robertson (Executive Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Judy Holland (Managing Director)
  • Compensation: $53,790
  • Related: $0
  • Other: $0
David Robertson (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Russ Cole (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.highsocksforhope.com

Where can I find the form 990 for High Socks For Hope Inc?

High Socks For Hope Inc's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.highsocksforhope.com

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

Mission Statement of High Socks For Hope Inc

High Socks For Hope, as an organization, is committed to lending support to charities and organizations that aid individuals and families affected by tragedies. Their mission is multifaceted, encompassing both the provision of assistance to these charities and the delivery of humanitarian services directly to those in need. In essence, High Socks For Hope seeks to alleviate the hardships faced by individuals following catastrophic events.

One of the ways High Socks For Hope accomplishes its mission is by providing essential furniture and household items to families impacted by natural disasters. This act of kindness not only helps restore a sense of normalcy but also ensures that families have the necessary resources to begin rebuilding their lives. By lending a hand in such a tangible way, High Socks For Hope demonstrates its commitment to supporting those in need and making a real difference in their lives.

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Impact




July, 2024

High Socks For Hope Inc's impact is significant in providing essential assistance to charities and organizations supporting those affected by tragedies. Through their mission to help individuals in need, they offer tangible support by providing furniture and household items to families who have experienced natural disasters. Their work directly contributes to rebuilding lives and providing essential resources to those facing difficult circumstances.




This information is meant to be a general summary of High Socks For Hope 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.

Revenue
$1,530,543 (2022)
Expenses
$1,201,269 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Gross Receipts: $1,530,543

Assets and Liabilities:

  • Total Assets: $1,066,037
  • Total Liabilities: $10,470
  • Net Assets: $1,055,567

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Organization Details

Founding Year

2012

Principal Officer

Judy Holland

Main Address

3617 McFarland Blvd, Northport, AL, 35476

NTEE Category

Code: P20 - Human services

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