Overview
What is Hri Foundation?
Hri Foundation is a charitable organization based in San Antonio, Texas. Its primary purpose is to make grants and hold endowment funds for Texas A&M University-Corpus Christi's Harte Research Institute, supporting their scientific and educational objectives. The foundation also extends its charitable contributions to other qualified 501(c)(3) organizations, aiding them in fulfilling their own charitable goals. Currently, the foundation is building its endowment and did not make any grants in the recent year. Hri Foundation operates under charitable purposes, which include religious, scientific, literary, educational, and prevention of cruelty to children or animals, in accordance with both federal and state laws.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 80% (Three-Star out of Four Star rating)
The Hri Foundation has received a Three-Star rating from Charity Navigator, indicating a solid performance in accountability and finance, with an overall score of 80%. This rating reflects a strong emphasis on responsible financial management and transparency, which is crucial for potential donors looking for trustworthy organizations. Notably, the foundation has achieved a perfect score in several key areas, including having a majority of independent board members and no material diversion of assets.
The foundation's commitment to transparency is further demonstrated by its conflict of interest policy and the documentation of board meeting minutes, both of which received high scores. With a program expense ratio of 76.84%, Hri Foundation effectively allocates a significant portion of its budget to programs rather than administrative costs, enhancing its operational credibility and reinforcing its mission.
While overall performance is commendable, prospective donors may consider the factors that contribute to its Three-Star status. While the accountability metrics are strong, additional insights into the foundation's programmatic impact and community engagement could provide a more comprehensive picture of its effectiveness in fulfilling its mission.
This AI summary has been generated from information found on Charity Navigator.
Is Hri Foundation legitimate?
Hri Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Hri Foundation 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 Hri Foundation?
The Hri Foundation is dedicated to serving charitable purposes, which can be categorized under religious, charitable, scientific, literary, or educational purposes, or the prevention of cruelty towards children or animals. As per the Internal Revenue Code of 1986 and the corresponding provisions of any subsequent federal tax law, and the laws of the state of Texas, the foundation's primary objective is to offer support and grants to the Harte Research Institute Foundation at Texas A&M University - Corpus Christi for any charitable purpose. The foundation is also authorized to exercise any other powers as conferred by law, necessary or incidental to the powers conferred, or conductive to the attainment of the stated charitable purposes.
Who is the CEO of Hri Foundation?
William S Harte is the Pres/Sec/Dir of Hri Foundation.
What is the revenue of Hri Foundation?
Hri Foundation's revenue in 2022 was $70,299.
Who are the executives of Hri Foundation and what are their salaries?
Here are 3 key members and their salaries:
- 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 Hri Foundation?
Hri Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Hri Foundation
Hri Foundation is an organization dedicated to charitable pursuits, encompassing religious, educational, scientific, literary, or educational purposes, as well as the prevention of cruelty towards children and animals. As per the Internal Revenue Code of 1986 and corresponding provisions of federal tax law, the foundation operates with the primary objective of providing support and grants to the Harte Research Institute Foundation at Texas A&M University - Corpus Christi for charitable purposes. The scope of Hri Foundation's activities is subject to legal limitations and conditions. In addition to this, the foundation also holds the power to exercise any other legal authority that may be conferred upon a corporation organized for charitable purposes, and to undertake any activities that are necessary or incidental to these objectives or conducive to their attainment.
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Impact
August, 2024
Hri Foundation's impact is primarily focused on making grants to Texas A&M University-Corpus Christi in support of scientific and educational objectives, particularly through the Harte Research Institute. Additionally, the foundation may provide grants to other qualified 501(c)(3) organizations that align with its charitable mission. As of the current year, no grants were made as the foundation works on building its endowment. Overall, Hri Foundation's activities aim to advance research, education, and charitable causes in alignment with its mission.
This information is meant to be a general summary of Hri Foundation. 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: $22
- Gross Receipts: $70,299
Assets and Liabilities:
- Total Assets: $488,950
- Total Liabilities: $0
- Net Assets: $488,950
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Organization Details
Founding Year
2014
Phone
(210) 828-1505Principal Officer
William S Harte
Main Address
20742 STONE OAK PARKWAY SUITE 107, SAN ANTONIO, TX, 78258
NTEE Category
Code: A12 - Arts
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