Overview
What is The Heart Of The Community Foundation Inc?
The Heart of the Community Foundation Inc, situated in Rome, Georgia, is a nonprofit organization that plays a pivotal role in the local community. Primarily, they oversee the Heart of the Community Awards Banquet and Heart Walk, both aimed at raising funds for the American Heart Association and the Heart House. The organization's activities are guided by its Board of Governors, and the net earnings from these events are allocated to heart-related projects. These projects can encompass initiatives that promote health or compassionate community service within the Rome and Floyd County community.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 73% (Two-Star out of Four Star rating)
The Heart Of The Community Foundation Inc received a two-star rating from Charity Navigator, indicating that while there are strengths, there are also areas of concern. The foundation demonstrates strong accountability and financial management, scoring well in various metrics such as having 100% of its board members independent and a low liabilities-to-assets ratio of 0.04%. Additionally, it maintains transparency with documented board meeting minutes.
However, the two-star rating reflects potential limitations in organizational effectiveness or impact, which may not be fully captured by the financial metrics alone. While the program expense ratio stands at a commendable 71.34%, suggesting that a significant portion of its funds are directed towards its programs, the overall score indicates that improvements could be made in other aspects of the organization's operations or mission effectiveness. Overall, potential donors and stakeholders may want to consider both the strengths and limitations highlighted in the rating.
This AI summary has been generated from information found on Charity Navigator.
Is The Heart Of The Community Foundation Inc legitimate?
The Heart Of The Community Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Heart Of The Community Foundation Inc 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:
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What is the mission statement of The Heart Of The Community Foundation Inc?
The Heart of the Community Foundation Inc's mission is guided by its board of governors, with the aim of utilizing all generated funds to support heart-related projects within their community. These projects can encompass initiatives that foster good health or compassionate community service, ultimately benefiting the residents of Rome and Floyd County. The foundation's activities are geared towards promoting heart-related projects that contribute positively to their community.
What is the revenue of The Heart Of The Community Foundation Inc?
The Heart Of The Community Foundation Inc's revenue in 2023 was $155,039.
Who are the executives of The Heart Of The Community Foundation Inc and what are their salaries?
Here are 24 key members and their salaries:
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Where can I find the form 990 for The Heart Of The Community Foundation Inc?
The Heart Of The Community Foundation Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of The Heart Of The Community Foundation Inc
The Heart of the Community Foundation Inc's mission is centered around the guidance of its Board of Governors. The organization's primary objective is to channel the funds it generates towards heart-related projects that promote health and compassionate community service within the Rome and Floyd County community. These heart-related projects can encompass a wide range of initiatives, from improving health standards to fostering acts of kindness and service to their community. By dedicating its resources towards these projects, The Heart of the Community Foundation Inc aims to contribute positively to the well-being and overall development of its community.
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Impact
August, 2024
The Heart Of The Community Foundation Inc's impact can be seen in its dedication to promoting good health and compassionate community service in Rome and Floyd County. By organizing events like the Heart of the Community Awards Banquet and Heart Walk, the foundation raises funds for the American Heart Association and the Heart House, supporting heart-related projects that benefit the local community. This demonstrates a commitment to improving the well-being of individuals and fostering a culture of giving back within the area.
This information is meant to be a general summary of The Heart Of The Community Foundation Inc. 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 2023.
- Gross Receipts: $155,039
Assets and Liabilities:
- Total Assets: $625,016
- Total Liabilities: $300
- Net Assets: $624,716
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Organization Details
Founding Year
1987
Principal Officer
Andrea Pitts
NTEE Category
Code: P80Z - Human services
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