Overview
What is Hayek Group?
Hayek Group is a nonprofit organization located in Sparks, Nevada, with an address at 7972 Tres Arroyo Drive. Their primary mission is to promote freedom and prosperity through education. To accomplish this, they contribute membership donations towards the direct costs of hosting keynote speakers during member dinners. Additionally, Hayek Group supports financial literacy by providing grants to implement educational programs in local high schools. This initiative encourages financial awareness within the community.
Official website here: www.thehayekgroup.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 56%, One-Star out of Four Star rating. This rating indicates significant concerns regarding the accountability and financial practices of the Hayek Group. With a score of 56%, it suggests that the organization may not be fully meeting the standards expected for transparency and governance.
One of the organization's strengths is its high program expense ratio of 94.34%, indicating that a large majority of its expenditures are directed toward its programs rather than administrative costs. However, the lack of independent board members and missing policies related to conflict of interest, whistleblowing, and document retention raise significant red flags about its governance practices.
Moreover, while the organization does maintain records of board meeting minutes, it falls short in other transparency measures, such as failing to post its tax form on its website. Overall, while the Hayek Group appears to use funds effectively for its programs, its governance practices need substantial improvement to enhance trust and accountability.
This AI summary has been generated from information found on Charity Navigator.
Is Hayek Group legitimate?
Hayek Group is a legitimate nonprofit organization registered as a 501(c)(3) entity. Hayek Group 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.thehayekgroup.org
What is the mission statement of Hayek Group?
The Hayek Group is an organization with a mission to foster freedom and prosperity. Their primary activity revolves around education. Specifically, they provide financial aid to implement a financial literacy program in local high schools. This initiative aims to educate students about financial management, thereby contributing to their future financial well-being. Membership donations are utilized to cover the expenses associated with inviting keynote speakers during member dinners.
Official website here: www.thehayekgroup.org
Who is the CEO of Hayek Group?
Kellie George is the President of Hayek Group.
Official website here: www.thehayekgroup.org
What is the revenue of Hayek Group?
Hayek Group's revenue in 2022 was $44,011.
Official website here: www.thehayekgroup.org
Who are the executives of Hayek Group and what are their salaries?
There 11 volunteers at Hayek Group.
Here are 11 key members and their salaries:
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Official website here: www.thehayekgroup.org
Where can I find the form 990 for Hayek Group?
Hayek Group's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.thehayekgroup.org
Learn more at the official website: www.thehayekgroup.org
Mission Statement of Hayek Group
Hayek Group, a nonprofit organization, is dedicated to fostering freedom and prosperity primarily through educational initiatives. At its core, Hayek Group provides financial literacy grants, allowing for the implementation of such programs in local high schools. By doing so, the organization aims to equip young individuals with essential financial management skills, setting them up for future financial success. Additionally, Hayek Group generates membership donations to cover the direct costs associated with hosting keynote speakers during member dinners.
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Impact
August, 2024
Hayek Group's impact lies in promoting freedom and prosperity through education. By providing grants to implement financial literacy programs in local high schools, they are empowering students with essential knowledge and skills for their future financial well-being. Additionally, by facilitating member donations to support keynote speaker costs, they are fostering a community dedicated to learning and spreading awareness about important issues related to freedom and prosperity. Overall, Hayek Group is contributing to the educational growth and development of individuals in their community, ultimately leading to a more informed and empowered society.
This information is meant to be a general summary of Hayek Group. 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: $97
- Program Service Revenue: $32,871
- Gross Receipts: $44,011
Assets and Liabilities:
- Total Assets: $268,609
- Total Liabilities: $0
- Net Assets: $268,609
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
MEMBER PROGRAM MEETINGS
Revenue
$24,161
DINNER SPEAKERS
Revenue
$4,610
FINANCIALLY FIT
Revenue
$4,100
Organization Details
Founding Year
2014
Phone
(775) 223-9397Principal Officer
Kellie George
Main Address
7972 TRES ARROYO DR, SPARKS, NV, 89436
Website
www.thehayekgroup.orgNTEE Category
Code: B60 - Education
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