Overview
What is Texas Business Hall Of Fame Foundation?
The Texas Business Hall of Fame Foundation, headquartered in Houston, Texas, is a distinguished nonprofit organization. Its primary mission is to honor and celebrate six exceptional Texas business leaders annually, fostering an entrepreneurial spirit, ethical conduct, and community involvement. The foundation also backs an award program for budding entrepreneurs and veterans, nurturing their potential. Moreover, it actively supports Texas entrepreneurship competitions, nurturing the next generation of visionary leaders. The foundation, led by Meredith Walker, strives to inspire these values in all Texans, creating a lasting legacy of success and integrity.
Official website here: www.texasbusiness.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 88%, Three-Star out of Four Star rating.
The Texas Business Hall Of Fame Foundation has earned a strong score of 88%, reflecting its commitment to accountability and finance. The rating is based solely on a single beacon score, with a perfect score in independent board member composition and financial oversight. This strong oversight indicates that the organization maintains a solid structure and governance.
The foundation has a high program expense ratio of 73.51%, suggesting that a significant portion of its resources is dedicated to its core mission. Additionally, the lack of any material diversion of assets and a favorable liabilities to assets ratio of 0.37% indicate sound financial management practices. However, the absence of a whistleblower policy may be a potential area for improvement in promoting transparency and accountability.
Overall, the Texas Business Hall Of Fame Foundation's rating showcases its accountability and effective financial practices, while also highlighting some areas that could benefit from further development. As the organization continues to grow, addressing the noted limitations could enhance its credibility and operational effectiveness.
This AI summary has been generated from information found on Charity Navigator.
Is Texas Business Hall Of Fame Foundation legitimate?
Texas Business Hall Of Fame Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Texas Business Hall Of Fame 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: $255,304
Professional Fundraising Fees: $0
Other Salaries and Wages: $302,861
For more financial information, click here
Official website here: www.texasbusiness.org
What is the mission statement of Texas Business Hall Of Fame Foundation?
The Texas Business Hall of Fame Foundation's mission is centered around recognizing the achievements and contributions of distinguished Texas business leaders. By doing so, it aims to uphold and inspire the values of entrepreneurial spirit, integrity, and community leadership among future generations. The foundation annually inducts six transformative business figures, funds an award program for entrepreneurial students and veterans, and supports entrepreneurship competitions across Texas. Its goal is to perpetuate these essential values, fostering a culture of innovation and community involvement in the business world.
Official website here: www.texasbusiness.org
Who is the CEO of Texas Business Hall Of Fame Foundation?
Meredith Walker is the Chair of Texas Business Hall Of Fame Foundation.
Official website here: www.texasbusiness.org
What is the revenue of Texas Business Hall Of Fame Foundation?
Texas Business Hall Of Fame Foundation's revenue in 2022 was $1,565,040.
Official website here: www.texasbusiness.org
Who are the executives of Texas Business Hall Of Fame Foundation and what are their salaries?
The average compensation at Texas Business Hall Of Fame Foundation during 2022 was $93,028. There are 6 employees and 75 volunteers at Texas Business Hall Of Fame Foundation.
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Official website here: www.texasbusiness.org
Where can I find the form 990 for Texas Business Hall Of Fame Foundation?
Texas Business Hall Of Fame Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.texasbusiness.org
Learn more at the official website: www.texasbusiness.org
Mission Statement of Texas Business Hall Of Fame Foundation
The Texas Business Hall of Fame Foundation is committed to honoring the achievements and impact of exceptional business leaders hailing from Texas. Its primary objective is to preserve and foster the spirit of entrepreneurship, integrity, and community leadership among future generations of Texans. To achieve this, the foundation annually inducts six distinguished business figures who have made significant contributions to their respective industries and the state as a whole. In addition to this, the foundation funds an award program geared towards encouraging entrepreneurial spirit among business students and veterans, as well as supports various entrepreneurship competitions in Texas. Through these initiatives, the Texas Business Hall of Fame Foundation aims to inspire and perpetuate the values that have driven the success of its inductees, ultimately enriching the business landscape in Texas.
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Impact
July, 2024
The Texas Business Hall of Fame Foundation annually recognizes six transformational business leaders, supports entrepreneurial business students and veterans through award programs, and fosters Texas entrepreneurship competitions. It aims to honor the accomplishments and contributions of outstanding Texas business figures while promoting values such as entrepreneurial spirit, personal integrity, and community leadership throughout generations of Texans. The foundation's impact is felt through the recognition, support, and inspiration it provides to the Texas business community.
This information is meant to be a general summary of Texas Business Hall Of Fame 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: $26,253
- Gross Receipts: $2,635,979
Assets and Liabilities:
- Total Assets: $6,444,555
- Total Liabilities: $24,274
- Net Assets: $6,420,281
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Organization Details
Founding Year
1982
Phone
(713) 993-9433Principal Officer
Meredith Walker
Main Address
675 Bering Drive 200, Houston, TX, 77057
Website
www.texasbusiness.orgNTEE Category
Code: S41 - Community improvement
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