Overview
What is Donald Edward Harkey Foundation?
The Donald Edward Harkey Foundation is a nonprofit organization that generously donates funds to enhance the Russellville branch of the Pope County Library. Their primary focus is on supporting public libraries by providing financial assistance for the acquisition of books, various library materials, and facility enhancements. This commitment to public libraries ensures that communities have access to essential resources for learning and growth.
What are the reviews and ratings of this charity?
Charity Navigator Rating: Two-Star out of Four Star rating (Needs Improvement) - Score: 73%
The Donald Edward Harkey Foundation has received a two-star rating from Charity Navigator, indicating that it needs improvement in various operational aspects. While the foundation has demonstrated strong governance with an independent board and excellent financial health, it has several critical weaknesses, particularly in transparency and policy documentation.
Strengths include a perfect score for the majority of independent board members, board size, and the absence of asset diversion. The organization also maintains a commendable program expense ratio of 72.11%, demonstrating a commitment to its programs over administrative costs.
However, significant areas for improvement include missing key policies such as conflict of interest, whistleblower, and document retention policies. Additionally, the foundation's website is not listed on its tax form, which further contributes to its low transparency rating. These limitations suggest a need for enhanced operational practices to build trust and accountability within the community.
This AI summary has been generated from information found on Charity Navigator.
Is Donald Edward Harkey Foundation legitimate?
Donald Edward Harkey Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Donald Edward Harkey 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: $12,916
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
What is the mission statement of Donald Edward Harkey Foundation?
The Donald Edward Harkey Foundation is committed to supporting public libraries. Specifically, it donates funds to enhance the resources and facilities of a municipal library, such as the Russellville branch in an unspecified location. The donations are utilized for the purchase of books and other library materials, as well as for capital improvements to the library's infrastructure. This support aims to enrich the library's collection and provide a better environment for the community to access and benefit from these resources.
Who is the CEO of Donald Edward Harkey Foundation?
Simmons Bank is the Trustee of Donald Edward Harkey Foundation.
What is the revenue of Donald Edward Harkey Foundation?
Donald Edward Harkey Foundation's revenue in 2022 was $39,492.
Who are the executives of Donald Edward Harkey Foundation and what are their salaries?
Here are 3 key members and their salaries:
- Compensation: $12,916
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Donald Edward Harkey Foundation?
Donald Edward Harkey Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Donald Edward Harkey Foundation
The Donald Edward Harkey Foundation is committed to supporting public libraries. Specifically, it donates funds to enhance the resources and facilities of the Russellville branch of the Pope County Library, a municipal library. These funds are utilized primarily for the acquisition of books and other library materials, aiming to enrich the library's collection and improve the reading experience for its patrons. Additionally, the foundation contributes to capital improvements, aiming to ensure that the library's facilities are well-maintained and conducive to learning and research. In essence, the Donald Edward Harkey Foundation plays a crucial role in promoting access to knowledge and educational resources within the community by supporting its public library.
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Impact
October, 2024
The Donald Edward Harkey Foundation significantly enhances the resources and services available at the Russellville Branch of the Pope County Library. By donating funds specifically for the acquisition of books and other library materials, the foundation directly contributes to enriching the educational and recreational opportunities for the community.
Additionally, the foundation supports capital improvements to the library facilities, ensuring that the space remains a welcoming, functional, and updated environment for patrons. Through these efforts, it fosters a culture of literacy and lifelong learning in Russellville, making a profound impact on the educational landscape of the area.
This information is meant to be a general summary of Donald Edward Harkey 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: $39,492
- Gross Receipts: $200,481
Assets and Liabilities:
- Total Assets: $946,718
- Total Liabilities: $0
- Net Assets: $946,718
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Organization Details
Founding Year
1984
Phone
(479) 967-6763Principal Officer
Simmons Bank
Main Address
PO BOX 3010, RUSSELLVILLE, AR, 72811
NTEE Category
Code: B82 - Education
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