Overview
What is Tom P Haney Foundation?
The Tom P Haney Foundation, situated in Panama City, Florida, is a nonprofit organization that focuses on providing financial aid and scholarships. This philanthropic entity awards scholarships and welcomes contributions to help individuals in need. Their primary mission revolves around offering financial assistance, empowering people through educational opportunities.
What are the reviews and ratings of this charity?
Charity Navigator Rating: One-Star out of Four Stars (50%)
The Tom P Haney Foundation has received a One-Star rating from Charity Navigator, indicating significant concerns regarding its accountability and financial practices. The overall score is based entirely on a 50% rating in the Accountability & Finance category, which suggests a lack of transparency and governance. Key issues include the absence of independent board members, missing policies on conflicts of interest and whistleblowing, and a lack of posted financial documents on the organization’s website.
Despite these weaknesses, the foundation demonstrates a solid commitment to program expenses, with an impressive 96.78% of its funds allocated directly to its programs. This high program expense ratio indicates that the majority of resources are being directed toward its mission, which is a positive aspect amidst the overall rating concerns. However, the lack of basic governance practices and transparency raises critical questions about the foundation's operational integrity.
The absence of essential policies and the failure to publish required documents diminish the organization’s credibility. Potential donors and stakeholders may want to consider these factors seriously before engaging with the Tom P Haney Foundation, as the current score highlights systemic issues that could affect the foundation's effectiveness and trustworthiness in the nonprofit sector.
This AI summary has been generated from information found on Charity Navigator.
Is Tom P Haney Foundation legitimate?
Tom P Haney Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Tom P Haney 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
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What is the mission statement of Tom P Haney Foundation?
The Tom P Haney Foundation, being a scholarship or financial aid organization, is dedicated to providing financial assistance. Their mission is realized through the awarding of scholarships and accepting contributions. This non-profit organization aims to alleviate financial burdens for individuals in need, thereby contributing positively to their lives and potential for future success.
Who is the CEO of Tom P Haney Foundation?
Doug Moore is the President of Tom P Haney Foundation.
What is the revenue of Tom P Haney Foundation?
Tom P Haney Foundation's revenue in 2022 was $38,260.
Who are the executives of Tom P Haney Foundation and what are their salaries?
Here are 4 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
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- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Tom P Haney Foundation?
Tom P Haney Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Tom P Haney Foundation
The Tom P Haney Foundation, as a scholarship or financial aid organization, is dedicated to its mission of providing financial assistance. This nonprofit organization focuses on awarding scholarships and accepting contributions, aiming to support individuals in need. By offering financial aid, the Tom P Haney Foundation seeks to alleviate financial burdens and contribute to the well-being of those it assists.
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Impact
August, 2024
The Tom P Haney Foundation's impact is felt through its provision of financial assistance to individuals in need, particularly in the realm of education. By awarding scholarships and making contributions, the foundation directly supports individuals in their pursuit of educational opportunities. This assistance not only helps individuals achieve their educational goals but also contributes to the overall betterment of the community by investing in the development of its residents.
This information is meant to be a general summary of Tom P Haney 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: $5,226
- Gross Receipts: $38,260
Assets and Liabilities:
- Total Assets: $516,225
- Total Liabilities: $0
- Net Assets: $516,225
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Organization Details
Phone
(850) 747-7601Principal Officer
Doug Moore
Main Address
3016 HIGHWAY 77, PANAMA CITY, FL, 32405
NTEE Category
Code: B82Z - Education
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