Overview
What is Hyart Redevelopment Corporation?
The Hyart Redevelopment Corporation, based in Lovell, Wyoming, serves as a vital nonprofit entity within the community. Their primary mission is to enrich the city by offering entertainment options that are not readily available locally. Beyond entertainment, they are also committed to educating the community about the historical significance of the Hyart and its impact on Lovell. With a team of 15 dedicated individuals, they strive to uplift and engage their community, fostering a sense of pride and shared experiences.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 70% (Two-Star out of Four Star Rating)
Hyart Redevelopment Corporation received a 70% score from Charity Navigator, which translates to a Two-Star rating. This indicates that while the organization meets some standards of accountability and finance, there are several areas requiring improvement. Notably, the organization excels in board independence and governance, scoring maximum points for having a fully independent board and no material diversion of assets.
However, the nonprofit has significant shortcomings, particularly concerning its policies and transparency. Key documents such as the conflict of interest policy, whistleblower policy, and minutes from board meetings are either missing or not available. Additionally, the organization does not list its website on its tax forms, which impacts the overall transparency reflected in its rating.
Despite these limitations, Hyart Redevelopment Corporation demonstrates a strong commitment to its programs, with a program expense ratio of 100%. This suggests that all its expenditures are directed towards its mission, highlighting a dedication to effective service delivery. However, to enhance credibility and trust, it would benefit from addressing the gaps in its governance policies and public documentation.
This AI summary has been generated from information found on Charity Navigator.
Is Hyart Redevelopment Corporation legitimate?
Hyart Redevelopment Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Hyart Redevelopment Corporation 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: $27,037
Professional Fundraising Fees: $0
Other Salaries and Wages: $19,978
For more financial information, click here
What is the mission statement of Hyart Redevelopment Corporation?
The Hyart Redevelopment Corporation's mission is centered around supporting a city, although the specific location is not provided, by offering entertainment options that are not readily available locally. Additionally, the corporation aims to educate the community about the historical significance of the Hyart, highlighting its impact on the community. By providing these services, the Hyart Redevelopment Corporation seeks to enrich the lives of the city's residents.
Who is the CEO of Hyart Redevelopment Corporation?
Michael J Steenbakkers is the President of Hyart Redevelopment Corporation.
What is the revenue of Hyart Redevelopment Corporation?
Hyart Redevelopment Corporation's revenue in 2023 was $208,579.
Who are the executives of Hyart Redevelopment Corporation and what are their salaries?
The average compensation at Hyart Redevelopment Corporation during 2023 was $3,134. There are 15 employees and 100 volunteers at Hyart Redevelopment Corporation.
Here are 7 key members and their salaries:
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Where can I find the form 990 for Hyart Redevelopment Corporation?
Hyart Redevelopment Corporation's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of Hyart Redevelopment Corporation
The Hyart Redevelopment Corporation is dedicated to supporting its community by providing entertainment options that are not readily available locally. Beyond this, the organization also aims to educate the community about the historical significance of the Hyart and its impact on the community at large. Through its mission, the Hyart Redevelopment Corporation seeks to enrich the lives of its community members by offering unique entertainment experiences and fostering a deeper understanding of its local history.
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Impact
October, 2024
Hyart Redevelopment Corporation plays a crucial role in enriching the cultural landscape of Lovell, Wyoming, by providing entertainment options that are often unavailable locally. Its efforts contribute significantly to the community's vibrancy and social cohesion, fostering a greater sense of connection among residents. Through various events and activities, the organization not only entertains but also educates the community about the historical significance of the Hyart, preserving its legacy and promoting local heritage. This dual focus on entertainment and education helps boost community pride, attract visitors, and enhance the overall quality of life in Lovell.
This information is meant to be a general summary of Hyart Redevelopment Corporation. 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 2023.
- Investment Income: $36
- Program Service Revenue: $152,637
- Gross Receipts: $208,579
Assets and Liabilities:
- Total Assets: $28,632
- Total Liabilities: $0
- Net Assets: $28,632
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RECEIPTS FROM MOVIE THEATER OPERATIONS
Revenue
$152,637
Organization Details
Founding Year
2005
Principal Officer
Michael J Steenbakkers
Main Address
P O BOX 333, LOVELL, WY, 824310000
NTEE Category
Code: T30 - Philanthropy
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