Overview
What is Harmony Education Foundation?
The Harmony Education Foundation, based in Sugarland, Texas, serves as a bridge between educational institutions, philanthropic organizations, the private sector, and the communities it engages with. With a mission to proactively link resources to students' educational needs, the nonprofit organization strives to create partnerships that foster growth through scholarships, classroom grants, and other educational initiatives. The Harmony Education Foundation employs a team of 433 individuals dedicated to this important cause.
Official website here: www.harmonyed.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 67% (Two-Star out of Four Star rating)
Harmony Education Foundation has received a 67% rating from Charity Navigator, indicating a two-star status. The organization demonstrates strengths in areas such as having a fully independent board and effective audit oversight, which reflects a commitment to governance. Notably, 100% of its board members are independent, and the organization maintains a high program expense ratio, ensuring that a significant majority of its funds are directed towards its programs.
However, there are notable weaknesses in the foundation's accountability and financial transparency practices. Key policies, such as conflict of interest and whistleblower policies, are missing, which raises concerns about the organization's commitment to ethical governance. Additionally, the lack of disclosures on the website and missing tax form listings point to a need for improved transparency.
Financially, the organization has a concerning liabilities to assets ratio of 103.40%, indicating potential financial instability. While the high program expense ratio is a positive aspect, the overall financial health and the absence of essential policies and disclosures may limit the foundation's effectiveness and public trust.
This AI summary has been generated from information found on Charity Navigator.
Is Harmony Education Foundation legitimate?
Harmony Education Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Harmony Education 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: $143,315
Professional Fundraising Fees: $0
Other Salaries and Wages: $2,929,223
For more financial information, click here
Official website here: www.harmonyed.org
What is the mission statement of Harmony Education Foundation?
The Harmony Education Foundation works to build productive collaborations among educational institutions, philanthropic organizations, the private sector, and the communities they serve. Their objective is to connect students with the resources they need to succeed through scholarships, classroom grants, and various educational initiatives. By fostering these partnerships, the Harmony Education Foundation bridges the gap between educational requirements and available resources.
Official website here: www.harmonyed.org
Who is the CEO of Harmony Education Foundation?
Dr Eugene T Eski is the Ceo of Harmony Education Foundation. The CEO's salary of Harmony Education Foundation is $143,315 and their total compensation is $143,315.
Official website here: www.harmonyed.org
What is the revenue of Harmony Education Foundation?
Harmony Education Foundation's revenue in 2022 was $12,576,974.
Official website here: www.harmonyed.org
Who are the executives of Harmony Education Foundation and what are their salaries?
The average compensation at Harmony Education Foundation during 2022 was $7,096. There are 433 employees at Harmony Education Foundation.
Here are 5 key members and their salaries (Harmony Education Foundation's CEO's salary is $143,315 and their total compensation is $143,315):
- Compensation: $143,315
- Related: $0
- Other: $0
- Compensation: $100,951
- 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.harmonyed.org
Where can I find the form 990 for Harmony Education Foundation?
Harmony Education Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.harmonyed.org
Learn more at the official website: www.harmonyed.org
Mission Statement of Harmony Education Foundation
The Harmony Education Foundation, a renowned nonprofit organization, is dedicated to forging productive alliances among educational institutions, philanthropic organizations, the private sector, and the communities it serves. Its primary goal is to connect resources with students' educational requirements, achieved through scholarships, classroom grants, and various other educational initiatives.
By establishing these proactive partnerships, the Harmony Education Foundation bridges the gap between the availability of resources and the needs of students. This approach enables the organization to make a significant impact on students' lives, empowering them to reach their full potential in their academic pursuits. The mission of the Harmony Education Foundation is not limited to financial support; it also extends to fostering a collaborative atmosphere that fosters innovation and growth in educational settings.
In addition to its core initiatives, the Harmony Education Foundation also engages in the development and leasing of charter school properties. This aspect of its work further underscores its commitment to education and creating an enabling environment for students to thrive. By providing the physical infrastructure needed for quality education, the Harmony Education Foundation continues to make strides in linking resources with students' educational needs.
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Impact
October, 2024
Harmony Education Foundation has made a significant impact by fostering partnerships between educational institutions, philanthropic organizations, the private sector, and community stakeholders. By linking resources with the educational needs of students, it has effectively provided scholarships and classroom grants that enhance learning opportunities.
The foundation is actively involved in the development and leasing of charter school properties in Sugar Land, TX, contributing to the infrastructure necessary for quality education. This engagement not only supports the physical aspects of education but also helps create a collaborative environment where students can thrive academically. Through its initiatives, the foundation plays a critical role in addressing educational disparities and promoting access to resources for students, thereby empowering them to achieve their full potential.
This information is meant to be a general summary of Harmony Education 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: $8,373
- Program Service Revenue: $3,204,875
- Gross Receipts: $12,576,974
Assets and Liabilities:
- Total Assets: $111,751,864
- Total Liabilities: $116,107,210
- Net Assets: -$4,355,346
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
PROGRAM SERVICE REVENUE
Revenue
$3,204,875
Organization Details
Founding Year
2015
Principal Officer
Dr Eugene T Eski
Main Address
14140 SOUTHWEST FWY 240, SUGARLAND, TX, 77478
Website
www.harmonyed.orgNTEE Category
Code: B11 - Education
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