Overview
What is Heirloom Cacao Preservation Fund?
The Heirloom Cacao Preservation Fund is a non-profit organization dedicated to uplifting the lives of farmers who are instrumental in safeguarding and conserving various cacao varieties, thereby preserving the production of high-quality chocolate. The Fund achieves its mission through targeted program expenses, with a focus on enhancing the living conditions and resources of these farmers. As a non-profit entity, the Heirloom Cacao Preservation Fund is committed to improving the lives of those who help preserve the diversity of cacao and the chocolate that results from it.
Official website here: www.hcpcacao.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: Needs Improvement - 63%
The Heirloom Cacao Preservation Fund has received a two-star rating from Charity Navigator, indicating areas for improvement, particularly regarding its governance and transparency practices. While the organization scored exceptionally well in accountability and finance, it lacks independent board members and has missing policies, such as a whistleblower policy and document retention policy, which are crucial for fostering trust and ethical management.
Strengths of the organization include a high program expense ratio of 91.78%, suggesting that most funds are directed towards its mission-related activities. Additionally, the organization has no material diversion of assets and maintains a solid liabilities to assets ratio of 11.32%. These factors reflect a commitment to effectively managing resources and prioritizing programmatic impact.
However, the absence of independent board members raises concerns about governance, potentially affecting decision-making and oversight. The missing whistleblower and document retention policies also highlight vulnerabilities in maintaining organizational integrity and transparency. Overall, while the Heirloom Cacao Preservation Fund exhibits strong financial management, addressing these governance issues is essential for enhancing its credibility and effectiveness.
This AI summary has been generated from information found on Charity Navigator.
Is Heirloom Cacao Preservation Fund legitimate?
Heirloom Cacao Preservation Fund is a legitimate nonprofit organization registered as a 501(c)(3) entity. Heirloom Cacao Preservation Fund 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.
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Official website here: www.hcpcacao.org
What is the mission statement of Heirloom Cacao Preservation Fund?
The Heirloom Cacao Preservation Fund, as a nonprofit organization, is dedicated to uplifting the livelihoods of the farmers who are instrumental in preserving and protecting cacao diversity, thereby ensuring the production of high-quality chocolate. By investing in mission-specific program expenses, the Fund aims to significantly improve the lives of these farmers, thereby securing the future of traditional cacao varieties and the chocolate industry.
Official website here: www.hcpcacao.org
Who is the CEO of Heirloom Cacao Preservation Fund?
Dan Pearson is the Board Member of Heirloom Cacao Preservation Fund.
Official website here: www.hcpcacao.org
What is the revenue of Heirloom Cacao Preservation Fund?
Heirloom Cacao Preservation Fund's revenue in 2022 was $62,099.
Official website here: www.hcpcacao.org
Who are the executives of Heirloom Cacao Preservation Fund and what are their salaries?
Here are 12 key members and their salaries:
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Official website here: www.hcpcacao.org
Where can I find the form 990 for Heirloom Cacao Preservation Fund?
Heirloom Cacao Preservation Fund's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.hcpcacao.org
Learn more at the official website: www.hcpcacao.org
Mission Statement of Heirloom Cacao Preservation Fund
The Heirloom Cacao Preservation Fund, a nonprofit organization, is dedicated to uplifting the lives of the farmers who work tirelessly to protect and preserve various cacao species and the chocolate they produce. In this role, the Fund focuses on enhancing the livelihoods of these farmers as they safeguard the diversity of cacao and the resulting chocolate. Through its mission-oriented program expenses, the Heirloom Cacao Preservation Fund aims to improve the lives of these farmers, ensuring they are well-compensated for their efforts in preserving this valuable resource.
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Impact
June, 2024
The Heirloom Cacao Preservation Fund's impact is evident in the lives of farmers who are dedicated to protecting and preserving diverse cacao varieties and the chocolate derived from them. They work towards enhancing the livelihoods of these farmers, contributing to sustainable agriculture, and safeguarding precious cacao gene pools. Through their mission-specific program expenses, they play a vital role in ensuring the future of heirloom cacao and supporting the communities that depend on it.
This information is meant to be a general summary of Heirloom Cacao Preservation Fund. 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.
- Gross Receipts: $62,099
Assets and Liabilities:
- Total Assets: $200,343
- Total Liabilities: $22,691
- Net Assets: $177,652
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Organization Details
Founding Year
2015
Phone
(619) 200-3052Principal Officer
Dan Pearson
Main Address
4840 Bermuda Avenue, San Diego, CA, 92107
Website
www.hcpcacao.orgNTEE Category
Code: C30 - Environment
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