Overview
What is How Foundation Inc?
How Foundation Inc is a nonprofit organization dedicated to providing substance abuse rehabilitation. By offering support to over 200 individuals, this organization helps those struggling with substance abuse develop essential skills such as work habits, communication skills, and physical and mental health improvement. The ultimate goal is to equip them with the tools necessary to reintegrate into society as drug-free, productive citizens. The organization's mission encompasses a holistic approach, focusing on the individual's overall well-being, rather than just addressing the substance abuse issue.
What are the reviews and ratings of this charity?
Charity Navigator Rating: Zero-Star out of Four Stars (48%)
The How Foundation Inc received a low rating of 48% from Charity Navigator, leading to a Zero-Star classification. This score indicates significant concerns regarding the charity's accountability and financial management. While the organization has an independent board with a perfect score for majority independent members, it lacks key components such as a sufficient board size and proper financial statements.
Strengths highlighted include a high program expense ratio of 92.28%, suggesting that the majority of its funding is directed towards its programs. However, serious limitations are evident in areas such as financial transparency, with numerous policies related to conflict of interest and whistleblower protections missing entirely. Furthermore, the organization shows a concerning financial health with a high liabilities to assets ratio and a low working capital ratio.
Overall, while the How Foundation Inc demonstrates a commitment to delivering programs effectively, its financial practices raise substantial red flags. Potential donors and supporters may need to consider these issues carefully before engaging with the organization.
This AI summary has been generated from information found on Charity Navigator.
Is How Foundation Inc legitimate?
How Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. How 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:
Executive Compensation: $175,012
Professional Fundraising Fees: $0
Other Salaries and Wages: $589,522
For more financial information, click here
What is the mission statement of How Foundation Inc?
The How Foundation's mission is geared towards substance abuse rehabilitation. By offering support and skills development, the organization aims to help over 200 individuals struggling with substance abuse to acquire proper work habits, communication skills, and improve their physical and mental health. The ultimate goal is to prepare these individuals to re-enter society as productive, drug-free citizens.
Who is the CEO of How Foundation Inc?
Walter Teague Iv is the Executive Director of How Foundation Inc.
What is the revenue of How Foundation Inc?
How Foundation Inc's revenue in 2022 was $3,473,358.
Who are the executives of How Foundation Inc and what are their salaries?
The average compensation at How Foundation Inc during 2022 was $47,783. There are 16 employees at How Foundation Inc.
Here are 2 key members and their salaries:
- Compensation: $120,289
- Related: $0
- Other: $0
- Compensation: $54,723
- Related: $0
- Other: $0
Where can I find the form 990 for How Foundation Inc?
How Foundation Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of How Foundation Inc
The How Foundation, a non-profit organization, is dedicated to combating substance abuse. Its mission is to offer rehabilitation services to over 200 individuals struggling with substance abuse, equipping them with essential life skills, work habits, communication skills, and a focus on improving their physical and mental health. The ultimate goal is to prepare these individuals to re-enter society as productive, drug-free citizens. The How Foundation's rehabilitation program aims to transform the lives of those affected by substance abuse, providing them with the tools necessary to lead fulfilling and productive lives.
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Impact
June, 2024
How Foundation Inc's impact is profound in providing substance abuse rehabilitation services to over 200 individuals, equipping them with the necessary support and skills to develop proper work habits, communication skills, and physical and mental health essential for reintegration into society as drug-free, productive citizens. Through its mission, the organization is actively contributing to improving mental health and empowering individuals to lead fulfilling lives free from substance abuse in Universal City, TX.
This information is meant to be a general summary of How 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 2022.
- Investment Income: $7,706
- Program Service Revenue: $1,756,410
- Gross Receipts: $3,547,246
Assets and Liabilities:
- Total Assets: $960,279
- Total Liabilities: $663,189
- Net Assets: $297,090
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
PROGRAM SERVICES
Revenue
$1,756,410
Organization Details
Founding Year
1976
Phone
(210) 737-1042Principal Officer
Walter Teague Iv
Main Address
PO BOX 2267, UNIVERSAL CITY, TX, 781481267
NTEE Category
Code: F220 - Mental health
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