Overview
What is Robert M Hearin Support Foundation?
The Robert M Hearin Support Foundation is a small nonprofit organization based in Jackson, Mississippi. With only one employee, the foundation supports various causes by providing grants to specific educational institutions and public charities. Their areas of focus include teaching, engineering, business/entrepreneurship, science, advanced manufacturing, and other purposes. By offering financial assistance, the Robert M Hearin Support Foundation aims to make a positive impact in these fields.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 82%, Three-Star out of Four Star Rating
The Robert M Hearin Support Foundation has received a Three-Star rating from Charity Navigator, indicating a solid level of accountability and financial health. The overall score of 82% reflects a strong emphasis on responsible financial practices, with the foundation scoring particularly well in areas such as the absence of asset diversion and a low liabilities-to-assets ratio.
Strengths of the organization include a high program expense ratio of 93.79%, which suggests that a significant portion of its resources is directed towards its intended charitable activities rather than administrative costs. Additionally, the board is predominantly composed of independent members, demonstrating a commitment to governance and oversight. The foundation also maintains transparent practices by documenting board meeting minutes.
However, while the foundation's financial accountability is commendable, the rating is solely based on this beacon score with no additional metrics considered. This could be a limitation for those looking for a more comprehensive evaluation of the foundation's overall impact and effectiveness in its mission.
This AI summary has been generated from information found on Charity Navigator.
Is Robert M Hearin Support Foundation legitimate?
Robert M Hearin Support Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Robert M Hearin Support 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: $141,833
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
What is the mission statement of Robert M Hearin Support Foundation?
The Robert M Hearin Support Foundation is focused on providing assistance through grants to specified educational institutions and public charities. Its mission is geared towards extending support in various sectors, including teaching, engineering, business and entrepreneurship, science, and advanced manufacturing, among others. By offering grants, this foundation aims to contribute to the growth and development of these institutions and the projects they undertake.
Who is the CEO of Robert M Hearin Support Foundation?
Mr Matthew L Holleman is the Trustee of Robert M Hearin Support Foundation.
What is the revenue of Robert M Hearin Support Foundation?
Robert M Hearin Support Foundation's revenue in 2022 was $23,562,269.
Who are the executives of Robert M Hearin Support Foundation and what are their salaries?
The average compensation at Robert M Hearin Support Foundation during 2022 was $141,833. There is 1 employee at Robert M Hearin Support Foundation.
Here are 6 key members and their salaries:
- Compensation: $30,000
- Related: $0
- Other: $0
- Compensation: $30,000
- Related: $0
- Other: $0
- Compensation: $30,000
- Related: $0
- Other: $0
- Compensation: $30,000
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Robert M Hearin Support Foundation?
Robert M Hearin Support Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Robert M Hearin Support Foundation
The Robert M Hearin Support Foundation is a philanthropic organization dedicated to providing grants to specified educational institutions and public charities. Established with the intention of offering support, the Foundation seeks to make a positive impact through its charitable initiatives.
In line with its mission, the Foundation extends financial assistance to the University of Mississippi. This assistance spans various fields of study including teaching, engineering, business and entrepreneurship, science, and advanced manufacturing. By providing grants for these purposes, the Foundation aims to contribute to the academic growth and development of the University and the students it serves.
The Robert M Hearin Support Foundation's grant-making efforts reflect its commitment to fostering education and charitable causes. Through its generous financial contributions, the organization plays a vital role in furthering the missions of the educational institutions and public charities it supports.
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Impact
October, 2024
The Robert M. Hearin Support Foundation significantly impacts educational institutions and public charities by providing crucial financial support through targeted grants. By focusing on specific areas such as teaching, engineering, business and entrepreneurship, and science and advanced manufacturing, the foundation enhances the quality of education and infrastructure at the University of Mississippi. This support helps foster innovation and skill development, empowering students and faculty to excel in their fields. By prioritizing educational initiatives, the foundation plays a vital role in preparing individuals for the demands of the modern workforce and contributes to the overall advancement of the community in Jackson, Mississippi.
This information is meant to be a general summary of Robert M Hearin Support 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: $23,562,166
- Gross Receipts: $43,144,344
Assets and Liabilities:
- Total Assets: $202,680,927
- Total Liabilities: $0
- Net Assets: $202,680,927
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Organization Details
Founding Year
1995
Phone
(601) 366-8363Principal Officer
Mr Matthew L Holleman
Main Address
PO BOX 16505, JACKSON, MS, 39236
NTEE Category
Code: B110 - Education
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