Overview
What is The Center For Hearing And Speech Foundation?
The Center for Hearing and Speech Foundation is a nonprofit organization established in Houston, Texas, specifically at 3100 Shenandoah Street. Its primary mission is to generate investment income, which is then transferred to the Center for Hearing and Speech for use in its operations. This financial support is instrumental in upholding the operations of the Center for Hearing and Speech, a renowned institution dedicated to improving communication abilities for individuals with hearing and speech impairments. The Foundation's activities help ensure that the Center can continue its crucial work in the field of audiology and speech therapy.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 54%, One-Star out of Four Star rating.
The Center For Hearing And Speech Foundation has received a low score of 54%, which signifies concerns regarding its financial health and operational effectiveness. While the organization has demonstrated strong governance practices, such as having a fully independent board and established policies for conflict of interest and whistleblowing, its financial metrics raise red flags. Particularly, the program expense ratio is notably low at 0.64%, indicating that a very small portion of its budget is directed towards its actual programs and services.
The foundation also shows a very low liabilities to assets ratio of 0.06%, which generally suggests a solid financial position; however, the low program expense ratio suggests that the organization may not be utilizing its resources effectively to fulfill its mission. This discrepancy between governance quality and financial performance can diminish donor confidence.
In summary, while The Center For Hearing And Speech Foundation boasts strong accountability measures, the significant shortfall in program expenditures raises important questions about its overall impact and sustainability. Potential donors may want to closely examine these financial indicators before contributing.
This AI summary has been generated from information found on Charity Navigator.
Is The Center For Hearing And Speech Foundation legitimate?
The Center For Hearing And Speech Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Center For Hearing And Speech 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
For more financial information, click here
What is the mission statement of The Center For Hearing And Speech Foundation?
The Center for Hearing and Speech Foundation's primary objective is to raise investment funds. These funds are then utilized to support the operations of the Center for Hearing and Speech, as stated in its mission description. The foundation's role primarily involves managing these investments and transferring the necessary funds to the center when required. The mission of The Center for Hearing and Speech Foundation is essentially to generate income for the operation and upkeep of the Center for Hearing and Speech.
Who is the CEO of The Center For Hearing And Speech Foundation?
Kyle Swift is the Trustee of The Center For Hearing And Speech Foundation.
What is the revenue of The Center For Hearing And Speech Foundation?
The Center For Hearing And Speech Foundation's revenue in 2022 was $735,054.
Who are the executives of The Center For Hearing And Speech Foundation and what are their salaries?
Here are 5 key members and their salaries:
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Where can I find the form 990 for The Center For Hearing And Speech Foundation?
The Center For Hearing And Speech Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of The Center For Hearing And Speech Foundation
The Center for Hearing and Speech Foundation's mission is centered around generating investment income. This income serves a crucial purpose, as it is intended to be transferred to the Center for Hearing and Speech for use in its operations. In essence, the foundation's role is to manage its investments effectively, with the ultimate goal of providing financial support to the Center for Hearing and Speech to facilitate its day-to-day operations. This mission is instrumental in ensuring the Center for Hearing and Speech can continue its work, focusing on improving hearing and speech abilities for individuals in need.
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Impact
July, 2024
The Center for Hearing and Speech Foundation plays a crucial role in supporting the operations of the Center for Hearing and Speech by generating investment income. This financial assistance helps ensure that individuals with hearing and speech challenges in Houston, Texas, have access to essential services and support they need. By managing funds effectively and transferring them as required, the Foundation contributes directly to improving the lives of those in need within the community. Their impact extends beyond just financial support, as they enable the Center for Hearing and Speech to continue its vital work in education and assistance for individuals with hearing and speech difficulties.
This information is meant to be a general summary of The Center For Hearing And Speech 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: $735,054
- Gross Receipts: $8,323,526
Assets and Liabilities:
- Total Assets: $18,439,486
- Total Liabilities: $11,710
- Net Assets: $18,427,776
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Organization Details
Founding Year
1985
Phone
(713) 523-3633Principal Officer
Kyle Swift
Main Address
3100 SHENANDOAH STREET, HOUSTON, TX, 770076237
NTEE Category
Code: B28I - Education
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