Overview
What is Hsb Inc?
Hsb Inc, located in Wyoming, Michigan, is a community outreach ministry dedicated to supporting and strengthening families. Their primary mission is to offer children from diverse backgrounds, levels of need, and schooling affiliations, access to educational resources and enrichment opportunities. With a modest workforce of 11 individuals, Hsb Inc aims to empower families and enrich the lives of children, thereby promoting a strong and vibrant community.
Official website here: www.mihsb.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 76%, Three-Star out of Four Star rating.
Hsb Inc has been rated with a score of 76%, reflecting a strong emphasis on accountability and finance. The organization's performance is particularly commendable in areas such as independent board oversight, with 100% of its board members being independent, and it has achieved full points in several governance policies, including conflict of interest and whistleblower policies. This indicates a robust commitment to transparency and ethical governance practices.
The nonprofit also demonstrates effective financial management, with a program expense ratio of 83.08%, suggesting that a significant portion of its funding is directed toward its programs rather than administrative costs. However, the liabilities to assets ratio stands at 56.24%, which could indicate a moderate level of financial risk, and may warrant further scrutiny. Despite this, the overall financial health appears solid, allowing the organization to maintain its mission effectively.
While Hsb Inc shows numerous strengths in governance and program execution, potential donors may consider the financial ratio as a point of caution. Nevertheless, the charity's overall evaluation suggests a responsible and well-managed organization.
This AI summary has been generated from information found on Charity Navigator.
Is Hsb Inc legitimate?
Hsb Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Hsb 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $133,803
For more financial information, click here
Official website here: www.mihsb.org
What is the mission statement of Hsb Inc?
HSB Inc, as a community outreach ministry, is dedicated to supporting and strengthening families. They achieve this by providing children from various backgrounds, levels of need, and schooling affiliations with access to educational resources and enrichment opportunities. Their mission is to empower families, fostering an environment where every child can benefit from these resources, thereby enriching their lives and prospects.
Official website here: www.mihsb.org
Who is the CEO of Hsb Inc?
Steve Whitteberry is the Director of Hsb Inc.
Official website here: www.mihsb.org
What is the revenue of Hsb Inc?
Hsb Inc's revenue in 2022 was $580,771.
Official website here: www.mihsb.org
Who are the executives of Hsb Inc and what are their salaries?
The average compensation at Hsb Inc during 2022 was $12,164. There are 11 employees and 20 volunteers at Hsb Inc.
Here are 6 key members and their salaries:
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Official website here: www.mihsb.org
Where can I find the form 990 for Hsb Inc?
Hsb Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.mihsb.org
Learn more at the official website: www.mihsb.org
Mission Statement of Hsb Inc
Hsb Inc, as a community outreach ministry, is dedicated to supporting and strengthening families. They achieve this by providing access to a wide range of educational resources and enrichment opportunities for children from diverse backgrounds, levels of need, and various schooling affiliations. Hsb Inc's mission is to empower families by bridging the gap in educational and enrichment opportunities, ensuring that every child has equal access to resources that can contribute to their growth and development. By offering these resources, Hsb Inc strives to support families in building stronger foundations and fostering a sense of community.
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Impact
July, 2024
Hsb Inc's impact lies in its role as a community outreach ministry that supports and strengthens families by providing access to educational resources and enrichment opportunities for children from all backgrounds, levels of need, and schooling affiliations. Through their work, Hsb Inc positively impacts the lives of children and families by ensuring they have the tools and support needed to thrive academically and personally. Their focus on education helps create a more equitable and inclusive community for all.
This information is meant to be a general summary of Hsb 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: $342
- Program Service Revenue: $359,419
- Gross Receipts: $706,763
Assets and Liabilities:
- Total Assets: $382,432
- Total Liabilities: $194,874
- Net Assets: $187,558
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
TRIP PROGRAM
Revenue
$156,897
BUILDING USE FEES
Revenue
$149,021
CONNECTIONS MEDIA
Revenue
$32,525
OFFICE INCOME AND MISCELL.
Revenue
$20,976
Organization Details
Founding Year
1999
Phone
(616) 532-9422Principal Officer
Steve Whitteberry
Main Address
5625 BURLINGAME AVE SW, WYOMING, MI, 49509
Website
www.mihsb.orgNTEE Category
Code: B02 - Education
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