Overview
What is Hft Employee Emergency Relief Fund Inc?
Hft Employee Emergency Relief Fund Inc, based in Calabasas, California, is a charitable organization that offers financial aid to employees of Harbor Freight Tools (HFT) and their families during times of catastrophic events or personal crises. In the year 2022 alone, they extended assistance to 72 individuals in such circumstances. The fund's primary mission is to provide emergency financial relief, ensuring support is available when it's needed most.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 90%, Four-Star out of Four Star Rating
Hft Employee Emergency Relief Fund Inc has achieved a strong 90% rating, reflecting high accountability and financial management. This score is based entirely on the organization's accountability and finance practices, which are crucial for fostering trust among donors and stakeholders. The charity's four-star rating indicates it is among the top-performing nonprofits.
The organization demonstrates exceptional governance, with a board composed entirely of independent members, ensuring unbiased oversight. It maintains a solid financial standing, evidenced by a low liabilities-to-assets ratio of just 0.21%, indicating a healthy balance sheet. Additionally, the high program expense ratio of 91.45% signifies that a significant majority of its resources are directed toward fulfilling its mission effectively.
While the financial metrics are impressive, the data does not indicate any specific programs or outcomes achieved by the charity, which could provide further insight into its overall impact. Nonetheless, the strong emphasis on financial integrity and accountability suggests that donors can have confidence in Hft Employee Emergency Relief Fund Inc's ability to manage contributions responsibly.
This AI summary has been generated from information found on Charity Navigator.
Is Hft Employee Emergency Relief Fund Inc legitimate?
Hft Employee Emergency Relief Fund Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Hft Employee Emergency Relief Fund 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 Hft Employee Emergency Relief Fund Inc?
The Hft Employee Emergency Relief Fund Inc's mission revolves around providing emergency financial aid to the employees of Harbor Freight Tools (HFT) and their families during times of hardship. This aid is offered in response to catastrophic events or personal crises. The fund's objective is to offer a safety net, providing the necessary financial support to help these individuals overcome their difficulties and get back on their feet. In the year 2022, the fund extended assistance to 72 HFT employees and their families in need.
Who is the CEO of Hft Employee Emergency Relief Fund Inc?
Cheryl Smith is the President of Hft Employee Emergency Relief Fund Inc.
What is the revenue of Hft Employee Emergency Relief Fund Inc?
Hft Employee Emergency Relief Fund Inc's revenue in 2022 was $613,938.
Who are the executives of Hft Employee Emergency Relief Fund Inc and what are their salaries?
There 14 volunteers at Hft Employee Emergency Relief Fund Inc.
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
Where can I find the form 990 for Hft Employee Emergency Relief Fund Inc?
Hft Employee Emergency Relief Fund Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Hft Employee Emergency Relief Fund Inc
The Hft Employee Emergency Relief Fund Inc, in its mission, aims to extend emergency financial aid to the employees of Harbor Freight Tools (HFT) and their families who are grappling with a catastrophic event or personal crisis. This nonprofit organization serves as a vital source of support, providing the necessary financial assistance during times of hardship. In the year 2022 alone, the Hft Employee Emergency Relief Fund successfully aided 72 HFT employees and their families, offering them a lifeline during their moments of need.
Shop smarter and support your favorite cause with the Give Freely browser extension. Save money with coupons and donate to charity with a single click. Download now!
Impact
July, 2024
The HFT Employee Emergency Relief Fund Inc provides vital support by offering emergency financial assistance to Harbor Freight Tools employees and their families in times of catastrophic events or personal crises. In 2022 alone, the fund was able to assist 72 individuals facing such challenges, making a direct and positive impact on the lives of those in need within the HFT community.
This information is meant to be a general summary of Hft Employee Emergency Relief Fund 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: $33,528
- Gross Receipts: $613,938
Assets and Liabilities:
- Total Assets: $2,277,198
- Total Liabilities: $5,000
- Net Assets: $2,272,198
Want to help this charity, for free? You can click here to learn more about Give Freely
Organization Details
Phone
(805) 312-1163Principal Officer
Cheryl Smith
Main Address
26677 Agoura Road, Calabasas, CA, 91302
NTEE Category
Code: T12 - Philanthropy
If you are a representative of Hft Employee Emergency Relief Fund Inc and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.