Overview
What is Thomas Hope Foundation Inc?
Thomas Hope Foundation Inc, located in Holtsville, New York, is a nonprofit organization committed to addressing drug addiction issues. Their mission encompasses promoting awareness, prevention, and providing support for those seeking treatment, all through initiatives in education, advocacy, research, and treatment. With a dedicated team of 13 employees, they strive to make a significant impact in the lives of those affected by drug addiction.
Official website here: www.thomashopefoundation.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 73%, earning it a Two-Star out of Four Star rating.
The Thomas Hope Foundation Inc has received a Two-Star rating from Charity Navigator, indicating a moderate level of accountability and financial health. The organization demonstrates strength in areas such as having a majority of independent board members and maintaining proper financial statements, which reflects a commitment to transparency and effective governance.
However, the foundation has several notable weaknesses that impact its overall rating. There are missing policies for conflict of interest, whistleblower protection, and document retention, which are critical for maintaining ethical standards and operational integrity. Additionally, the liabilities to assets ratio is concerning, suggesting potential financial instability.
On a positive note, the foundation allocates a significant portion of its resources to program expenses, indicating a strong focus on its mission. The high program expense ratio shows that the majority of its funds are directed toward its charitable activities, which is a positive aspect for potential donors looking to support effective initiatives.
This AI summary has been generated from information found on Charity Navigator.
Is Thomas Hope Foundation Inc legitimate?
Thomas Hope Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Thomas Hope 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: $87,233
Professional Fundraising Fees: $0
Other Salaries and Wages: $210,151
For more financial information, click here
Official website here: www.thomashopefoundation.org
What is the mission statement of Thomas Hope Foundation Inc?
The Thomas Hope Foundation Inc is committed to raising awareness about drug addiction, preventing it, and providing support to those seeking treatment. Through education, advocacy, research, and treatment, the organization aims to combat the issue of drug addiction and help those in need. The foundation's mission is centered around promoting drug addiction awareness, prevention, and aiding treatment-seekers.
Official website here: www.thomashopefoundation.org
Who is the CEO of Thomas Hope Foundation Inc?
Linda Ventura is the President of Thomas Hope Foundation Inc.
Official website here: www.thomashopefoundation.org
What is the revenue of Thomas Hope Foundation Inc?
Thomas Hope Foundation Inc's revenue in 2023 was $530,324.
Official website here: www.thomashopefoundation.org
Who are the executives of Thomas Hope Foundation Inc and what are their salaries?
The average compensation at Thomas Hope Foundation Inc during 2023 was $22,876. There are 13 employees at Thomas Hope Foundation Inc.
Here are 5 key members and their salaries:
- Compensation: $72,095
- Related: $0
- Other: $0
- Compensation: $15,138
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.thomashopefoundation.org
Where can I find the form 990 for Thomas Hope Foundation Inc?
Thomas Hope Foundation Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.thomashopefoundation.org
Learn more at the official website: www.thomashopefoundation.org
Mission Statement of Thomas Hope Foundation Inc
The Thomas Hope Foundation Inc, a nonprofit organization, is committed to addressing the issue of drug addiction by promoting awareness, prevention, and providing aid to those in need of treatment. Through a multi-faceted approach that encompasses education, advocacy, research, and treatment, the organization seeks to make a significant impact in this critical area. By raising awareness and educating the public, the Foundation aims to prevent the onset of drug addiction, and for those already affected, it offers support to facilitate recovery. The Thomas Hope Foundation Inc is dedicated to making a difference in the lives of those battling addiction, striving to provide the necessary resources and support for a healthy and sustained recovery.
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Impact
July, 2024
Thomas Hope Foundation Inc's impact lies in its dedicated efforts to promote drug addiction awareness, prevention, and support for those seeking treatment. Through education, advocacy, research, and treatment initiatives, the organization is actively working to address the challenges associated with drug addiction. By focusing on mental health and substance abuse issues, Thomas Hope Foundation Inc is making a tangible difference in the lives of individuals and communities affected by addiction.
This information is meant to be a general summary of Thomas Hope 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 2023.
- Investment Income: $41
- Gross Receipts: $530,324
Assets and Liabilities:
- Total Assets: $277,192
- Total Liabilities: $210,388
- Net Assets: $66,804
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Organization Details
Founding Year
2014
Principal Officer
Linda Ventura
Main Address
755 Waverly Avenue STE 205, Holtsville, NY, 11742
Website
www.thomashopefoundation.orgNTEE Category
Code: F22 - Mental health
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