Overview
What is The Hype Foundation Inc?
The Hype Foundation Inc, located at 19435 Elmtree Estates Dr, Katy, Texas 77449, is an approved sponsor under the USDA's Child and Adult Care Food Program (CACFP) and the Child Care Centers (CCC) programs. This nonprofit organization plays a crucial role in these programs, ensuring they operate effectively. Although the description provided is brief, it suggests that The Hype Foundation Inc contributes to the nutrition and care of children and adults, aligning with the broader objectives of the USDA's programs. With a team of ten dedicated individuals, the foundation works towards enhancing the wellbeing of its community within the USDA's framework.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 79% (Three-Star out of Four Star rating)
The Hype Foundation Inc has received a Three-Star rating from Charity Navigator, indicating a solid level of accountability and transparency in its operations. The charity excels in having a fully independent board and demonstrates robust financial oversight with a 99.59% program expense ratio, reflecting a strong commitment to utilizing its resources effectively for its mission.
Strengths include a comprehensive range of policies such as conflict of interest, whistleblower protection, and document retention, all of which are fully listed and adhered to by the organization. Additionally, the foundation has taken significant measures to ensure that there is no diversion of assets, which further bolsters its credibility and operational integrity.
However, the organization faces challenges regarding its liabilities to assets ratio, which scored 0 out of 15 points. This indicates potential concerns about financial stability that may need addressing for improved performance in future evaluations. Overall, while The Hype Foundation Inc demonstrates many strengths, there are areas that could benefit from further attention to enhance its financial health.
This AI summary has been generated from information found on Charity Navigator.
Is The Hype Foundation Inc legitimate?
The Hype Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Hype 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $380,301
For more financial information, click here
What is the mission statement of The Hype Foundation Inc?
The Hype Foundation Inc., as per its mission, serves as an approved sponsor under the USDA's Child and Adult Care Food Program for Day Care Homes (CACFP DCH) and Child Care Centers (CCC) programs. While the provided information does not explicitly state a broader mission statement beyond sponsorship, it implies that the organization's purpose is to facilitate and support these programs, ensuring nutritious meals for children and adults in care.
Who is the CEO of The Hype Foundation Inc?
Darnell Simmons is the Exec Dir of The Hype Foundation Inc.
What is the revenue of The Hype Foundation Inc?
The Hype Foundation Inc's revenue in 2022 was $3,419,748.
Who are the executives of The Hype Foundation Inc and what are their salaries?
The average compensation at The Hype Foundation Inc during 2022 was $38,030. There are 10 employees at The Hype Foundation Inc.
Here are 4 key members and their salaries:
- Compensation: $88,370
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for The Hype Foundation Inc?
The Hype Foundation Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of The Hype Foundation Inc
The Hype Foundation Inc, as outlined in the provided information, is an approved sponsor under two significant federal programs: the USDA CACFP DCH (Child and Adult Care Food Program Day Care Homes) and CCC (Child Care Centers). This designation signifies that the organization plays a crucial role in providing nutritious meals to children and adults who participate in these programs. While the information does not provide specifics about the organization's mission beyond its sponsorship status, it implies that The Hype Foundation Inc is committed to promoting healthy eating habits and nutrition among its beneficiaries through these programs. The organization's approval under these programs suggests a dedication to serving the community and ensuring that individuals, particularly children, have access to proper nutrition.
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Impact
July, 2024
The Hype Foundation Inc has a significant impact in Katy, TX, through its role as an approved sponsor under the USDA CACFP DCH and CCC programs. By providing essential human services through these programs, the organization is able to make a direct and positive impact on the community by ensuring access to nutritious meals and supporting the well-being of individuals in need.
This information is meant to be a general summary of The Hype 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.
- Gross Receipts: $3,419,748
Assets and Liabilities:
- Total Assets: $606,101
- Total Liabilities: $503,895
- Net Assets: $102,206
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Organization Details
Founding Year
2015
Principal Officer
Darnell Simmons
Main Address
19435 ELMTREE ESTATES DR, KATY, TX, 77449
NTEE Category
Code: P30 - Human services
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