Overview
What is Herbalife Nutrition Foundation?
The Herbalife Nutrition Foundation (HNF) is a charitable organization with a mission to enhance the lives of children and communities worldwide. Based in Los Angeles, California, HNF distributed grants totaling $5.12 million in 2022 to 178 non-profit organizations across 59 nations. Their generous support benefited over 200,000 children, with a significant portion allocated to orphanages, community centers, and after-school programs. The foundation also provides funding for nutrition education, staff, and food subsidies, as well as contributing to capital support, general operations, and facility renovations at various community facilities, schools, and shelters. With a dedicated workforce of 10 individuals, HNF continues its mission to positively impact the well-being of children and communities globally.
Official website here: www.herbalifenutritionfoundation.org
What are the reviews and ratings of this charity?
**Herbalife Nutrition Foundation**
**Charity Navigator Rating: 97% (Four-Star out of Four Stars)**
Herbalife Nutrition Foundation has achieved an impressive Four-Star rating from Charity Navigator, reflecting its high standards in accountability and finance. This score emphasizes transparency and sound financial practices, with a notable 93.74% program expense ratio indicating that most of its spending directly supports its mission. The organization successfully maintains a large majority of independent board members and has robust policies in place to mitigate conflicts of interest and ensure financial oversight.
The foundation boasts excellent fundraising efficiency, requiring only $0.03 for each dollar raised, which highlights its effectiveness in resource management. Its favorable working capital ratio of 3.02 years provides confidence in its financial stability and overall health. However, the salary figures for key personnel may raise questions about compensation practices, potentially influencing public perception.
User reviews from GreatNonprofits are currently unavailable; therefore, direct user feedback cannot be synthesized for additional insights. Overall, the Herbalife Nutrition Foundation demonstrates strong operational practices, although further perspectives from beneficiaries or stakeholders would enhance the understanding of its impact.
This AI summary has been generated from information found on Charity Navigator.
Is Herbalife Nutrition Foundation legitimate?
Herbalife Nutrition Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Herbalife Nutrition 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: $212,802
Professional Fundraising Fees: $0
Other Salaries and Wages: $630,909
For more financial information, click here
Official website here: www.herbalifenutritionfoundation.org
What is the mission statement of Herbalife Nutrition Foundation?
The Herbalife Nutrition Foundation's mission is centered around improving the lives of children and communities worldwide. In line with this mission, the foundation provides annual grants to various non-profit organizations in numerous countries. During the year 2022, these grants totaled $5.12 million and benefited over 200,000 children. The organizations supported by the foundation encompass a wide range, including orphanages, community centers, after school centers, and various community improvement organizations. A significant portion of the grants, approximately 37%, were allocated to orphanages, while 22% went towards community centers. Additionally, funds were allocated for food subsidies, nutrition staff, nutrition education, and other support services.
Official website here: www.herbalifenutritionfoundation.org
Who is the CEO of Herbalife Nutrition Foundation?
Jenny Perez is the Treasurer of Herbalife Nutrition Foundation.
Official website here: www.herbalifenutritionfoundation.org
What is the revenue of Herbalife Nutrition Foundation?
Herbalife Nutrition Foundation's revenue in 2022 was $7,851,324.
Official website here: www.herbalifenutritionfoundation.org
Who are the executives of Herbalife Nutrition Foundation and what are their salaries?
The average compensation at Herbalife Nutrition Foundation during 2022 was $84,371. There are 10 employees and 15 volunteers at Herbalife Nutrition Foundation.
Here are 17 key members and their salaries:
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Official website here: www.herbalifenutritionfoundation.org
Where can I find the form 990 for Herbalife Nutrition Foundation?
Herbalife Nutrition Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.herbalifenutritionfoundation.org
Learn more at the official website: www.herbalifenutritionfoundation.org
Mission Statement of Herbalife Nutrition Foundation
The Herbalife Nutrition Foundation, a non-profit organization, is committed to enhancing the lives of children and communities worldwide. Their mission is centered around improving the well-being of over 200,000 children across 59 countries. The foundation supports a diverse range of non-profit organizations, including orphanages, community centers, after-school centers, and various community improvement organizations, among others.
In 2022 alone, the Herbalife Nutrition Foundation distributed annual grants totaling $5.12 million. These grants were allocated to cater to the needs of these organizations in various ways. A significant portion of these funds, approximately $2.6 million, was allocated for food subsidies. Additionally, the foundation devoted $856,000 towards nutrition education and another $856,000 towards nutrition staff. The remaining funds were used for capital support, general operating expenses, kitchen renovations, and other necessary expenses.
In essence, the Herbalife Nutrition Foundation is a philanthropic organization that seeks to uplift the lives of children and communities globally. It achieves this by providing financial assistance to a wide array of non-profit organizations, ensuring that they have the necessary resources to cater to the needs of the children and communities they serve.
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Impact
July, 2024
Herbalife Nutrition Foundation's impact includes giving annual grants of $5.12 million to 178 non-profit organizations in 59 countries around the world in 2022. These grants have helped over 200,000 children. The organizations supported by the foundation include orphanages, community centers, after-school centers, and various other community improvement organizations. The grants have been used for food subsidies, nutrition staff, nutrition education, as well as capital support, general operating expenses, kitchen renovations, and more. This demonstrates the foundation's commitment to improving the lives of children and communities globally.
This information is meant to be a general summary of Herbalife Nutrition 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: $433,572
- Gross Receipts: $11,928,719
Assets and Liabilities:
- Total Assets: $21,079,868
- Total Liabilities: $1,062,910
- Net Assets: $20,016,958
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Organization Details
Founding Year
2004
Phone
(310) 410-9600Principal Officer
Jenny Perez
Main Address
800 W OLYMPIC BOULEVARD 406, LOS ANGELES, CA, 90015
NTEE Category
Code: T21 - Philanthropy
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