Hargrave Foundation

Learn about this cause: What are the reviews? Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 541538751 ✦ Chatham, VA ✦ Designated as a 501(c)(3)

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Overview

What is Hargrave Foundation?

The Hargrave Foundation, situated in Chatham, Virginia, is a dedicated nonprofit organization. Its primary focus is on providing scholarships and financial aid to students, serving as a vital resource for those in need of financial support for their educational pursuits. The foundation's mission, as stated, is centered around student aid and scholarships, ensuring that deserving individuals have the opportunity to further their education.

What are the reviews and ratings of this charity?

Charity Navigator Rating: 87% (Three-Star out of Four Star Rating)

The Hargrave Foundation has received a solid rating of 87%, reflecting its strong performance in accountability and finance, which makes up the entirety of its score. An important aspect of this rating is the foundation's 100% independent board, ensuring that governance is free from conflicts of interest. This independent structure contributes to the foundation's effective oversight and management of resources.

The foundation demonstrates financial responsibility, with a program expense ratio of 99.01%, indicating that nearly all its expenses are directed towards its programs rather than administrative costs. Additionally, the organization has no liabilities, which suggests a robust financial health and an effective management strategy. Its documented policies on conflict of interest and asset diversion further reinforce its commitment to transparency and ethical operations.

Despite these strengths, the rating is based solely on the accountability and finance metrics, which may not provide a comprehensive view of the foundation's overall impact or program effectiveness. Potential donors may want to seek additional information regarding the foundation's mission and the outcomes of its programs to make a well-rounded assessment.


This AI summary has been generated from information found on Charity Navigator.

Is Hargrave Foundation legitimate?

Hargrave Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Hargrave 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 Hargrave Foundation?

The Hargrave Foundation, as a scholarship or financial aid organization, is committed to providing student aid and scholarships. Its mission is geared towards supporting students by offering financial assistance, thereby enabling them to pursue their educational goals. The organization's activities are centered around providing financial aid and scholarships, aiming to make education more accessible to those in need. The Hargrave Foundation's mission is to empower students by alleviating financial barriers, thereby contributing to their educational success.

Who is the CEO of Hargrave Foundation?

William Riddle is the Director of Hargrave Foundation.

What is the revenue of Hargrave Foundation?

Hargrave Foundation's revenue in 2022 was -$231,013.

Who are the executives of Hargrave Foundation and what are their salaries?


Here are 4 key members and their salaries:


Ben J Davenport (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Eric Peterson (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Lewis Wall (President)
  • Compensation: $0
  • Related: $0
  • Other: $0
William Riddle (Sec Treas)
  • Compensation: $0
  • Related: $0
  • Other: $0
Where can I find the form 990 for Hargrave Foundation?

Hargrave Foundation's most recent form 990 was submitted in 2022 and can be accessed here.

Mission Statement of Hargrave Foundation

The Hargrave Foundation, as a scholarship or financial aid organization, is dedicated to the mission of providing student aid and scholarships. This nonprofit organization aims to support students in their educational pursuits, offering financial assistance to help them overcome financial barriers and succeed in their academic endeavors. By offering scholarships, the Hargrave Foundation plays a crucial role in enabling deserving students to access higher education, thereby contributing to their personal growth and the betterment of society as a whole.

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Impact




October, 2024

Hargrave Foundation significantly impacts the educational landscape by providing essential financial aid and scholarships to students in Chatham, VA. By alleviating the financial burdens of education, the foundation empowers students to pursue their academic goals and reach their full potential. Through its dedicated mission, Hargrave Foundation plays a crucial role in enhancing access to education, promoting academic excellence, and fostering a community where education is valued and attainable for all students.




This information is meant to be a general summary of Hargrave 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.

Revenue
-$231,013 (2022)
Expenses
$142,470 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: -$381,613
  • Gross Receipts: $1,142,113

Assets and Liabilities:

  • Total Assets: $2,054,113
  • Total Liabilities: $0
  • Net Assets: $2,054,113

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Organization Details

Founding Year

1990

Principal Officer

William Riddle

Main Address

200 MILITARY DRIVE, CHATHAM, VA, 24531

NTEE Category

Code: B82 - Education

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