Overview
What is Harbert Employees Reaching Out Foundation?
The Harbert Employees Reaching Out Foundation is a charitable organization, with its headquarters located in Birmingham, Alabama. Their primary objective is to offer direct financial assistance or other forms of aid to individuals or families experiencing temporary financial hardships, stemming from circumstances such as natural disasters, medical conditions, or other unforeseen financial predicaments. The foundation's mission is to restore self-sufficiency and independence by providing necessary funds for medical care, supporting caregivers, and repairing or restoring damaged property. In the past, the foundation has assisted approximately 91 families in crisis.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 73%, earning a Two-Star out of Four Star rating. This rating indicates that while the Harbert Employees Reaching Out Foundation demonstrates certain strengths in accountability and financial practices, there are areas that could be improved upon to enhance its overall effectiveness.
The foundation scores well in various metrics, achieving a perfect score for its independent board members, which suggests a strong governance structure. Additionally, it has a very high program expense ratio of 98.89%, indicating that almost all of its expenses are directed towards its programs rather than administrative costs. The organization also maintains a low liabilities to assets ratio, showcasing financial stability.
However, the overall rating of Two Stars implies that there are some limitations in its accountability and finance practices. While the foundation shows strong performance in governance, there may be additional factors affecting its overall impact that are not highlighted in the data. The organization should focus on improving its transparency and financial health to potentially achieve a higher rating in the future.
This AI summary has been generated from information found on Charity Navigator.
Is Harbert Employees Reaching Out Foundation legitimate?
Harbert Employees Reaching Out Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Harbert Employees Reaching Out 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.
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What is the mission statement of Harbert Employees Reaching Out Foundation?
The Harbert Employees Reaching Out Foundation's mission is to offer direct financial or other assistance to individuals or families experiencing temporary financial hardship. Their goal is to help restore independence and self-sufficiency. They have provided aid to approximately 91 families facing crises due to natural disasters, medical conditions, or other financial struggles. The grant funds are utilized to cover medical expenses, support caregivers, and repair or restore damaged property.
Who is the CEO of Harbert Employees Reaching Out Foundation?
Robert M Spiller is the President of Harbert Employees Reaching Out Foundation.
What is the revenue of Harbert Employees Reaching Out Foundation?
Harbert Employees Reaching Out Foundation's revenue in 2022 was $197,267.
Who are the executives of Harbert Employees Reaching Out Foundation and what are their salaries?
There 50 volunteers at Harbert Employees Reaching Out Foundation.
Here are 7 key members and their salaries:
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Where can I find the form 990 for Harbert Employees Reaching Out Foundation?
Harbert Employees Reaching Out Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Harbert Employees Reaching Out Foundation
The Harbert Employees Reaching Out Foundation, in its mission, extends direct financial or other forms of assistance to individuals and families confronting temporary financial hardships. The primary goal of this nonprofit organization is to restore independence and self-sufficiency to those in crisis. This aid may be utilized for various purposes, such as sustaining medical care, supporting medical caregivers, and repairing or restoring damaged property. The foundation has assisted approximately 91 families experiencing financial difficulties due to natural disasters, medical conditions, or other unforeseen circumstances.
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Impact
October, 2024
Harbert Employees Reaching Out Foundation significantly impacts individuals and families facing crisis situations by providing crucial financial assistance during their most challenging times. With a focus on restoring independence and self-sufficiency, the foundation has successfully assisted approximately 91 families who were grappling with financial hardships stemming from natural disasters, medical conditions, or other emergencies.
The foundation's grant funds are vital for sustaining medical care, supporting caregivers, and repairing or restoring damaged properties, enabling individuals to regain stability in their lives. Based in Birmingham, Alabama, the initiative embodies a commitment to philanthropy and community support, ensuring that those in distress receive the help necessary to overcome temporary setbacks and rebuild their lives.
This information is meant to be a general summary of Harbert Employees Reaching Out 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.
- Gross Receipts: $226,167
Assets and Liabilities:
- Total Assets: $683,411
- Total Liabilities: $11,238
- Net Assets: $672,173
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Organization Details
Founding Year
1998
Phone
(205) 987-5500Principal Officer
Robert M Spiller
Main Address
PO BOX 1297, BIRMINGHAM, AL, 35201
NTEE Category
Code: T30 - Philanthropy
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