Overview
What is Hermosa Friends Foundation?
The Hermosa Friends Foundation, located in Hermosa Beach, California, is a small yet impactful nonprofit organization with a mission to foster philanthropy, amplify the impact of charitable contributions, and cultivate robust relationships that propel collective philanthropic objectives. Demonstrating their commitment, the foundation awarded scholarships worth $4,000 to deserving high school graduates embarking on their college journeys. Furthermore, they extended their generosity by granting over $15,500 to local charities, thereby contributing to the betterment of their community. With a team of one dedicated individual, Hermosa Friends Foundation continues to actively advocate for and support philanthropic causes.
Official website here: www.hermosafriendsfoundation.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 83%, Three-Star out of Four Stars
The Hermosa Friends Foundation has received an 83% rating from Charity Navigator, indicating a strong performance in accountability and finance based on their most recent fiscal year data from 2021. This rating is derived entirely from their accountability metrics, showcasing a commitment to transparency and responsible financial management.
The foundation demonstrates a solid governance structure, with 60% of its board members being independent. It scored perfectly on several accountability metrics, such as having no material diversion of assets and a documented conflict of interest policy. Their program expenses are notably efficient, with over 91% of expenditures directed towards their programs, reflecting a strong focus on mission-related activities.
However, the foundation has some limitations, including the absence of a whistleblower policy and document retention and destruction policy, which are essential for comprehensive governance practices. While these areas could be improved, the overall score illustrates a well-managed nonprofit with a strong commitment to its mission and accountability.
This AI summary has been generated from information found on Charity Navigator.
Is Hermosa Friends Foundation legitimate?
Hermosa Friends Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Hermosa Friends 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: $12,000
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.hermosafriendsfoundation.org
What is the mission statement of Hermosa Friends Foundation?
The Hermosa Friends Foundation's mission is centered around fostering philanthropy, amplifying the impact of charitable contributions, and forging robust relationships to advance collective philanthropic objectives. They aim to achieve this by encouraging charitable giving, enhancing the effectiveness of donations, and establishing enduring alliances that contribute to shared charitable objectives. The organization has demonstrated its commitment by providing scholarships worth $4,000 to local high school students pursuing higher education, and making over $15,500 in grants to local charities.
Official website here: www.hermosafriendsfoundation.org
Who is the CEO of Hermosa Friends Foundation?
Karen Nowicki is the Executive Director, Treasurer & Director of Hermosa Friends Foundation.
Official website here: www.hermosafriendsfoundation.org
What is the revenue of Hermosa Friends Foundation?
Hermosa Friends Foundation's revenue in 2021 was $49,171.
Official website here: www.hermosafriendsfoundation.org
Who are the executives of Hermosa Friends Foundation and what are their salaries?
The average compensation at Hermosa Friends Foundation during 2021 was $12,000. There is 1 employee and 5 volunteers at Hermosa Friends Foundation.
Here are 5 key members and their salaries:
- Compensation: $12,000
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.hermosafriendsfoundation.org
Where can I find the form 990 for Hermosa Friends Foundation?
Hermosa Friends Foundation's most recent form 990 was submitted in 2021 and can be accessed here.
Official website here: www.hermosafriendsfoundation.org
Learn more at the official website: www.hermosafriendsfoundation.org
Mission Statement of Hermosa Friends Foundation
Hermosa Friends Foundation, a nonprofit organization, is committed to fostering philanthropy, amplifying the impact of charitable contributions, and forging powerful relationships to collectively achieve shared philanthropic objectives. Their mission is twofold: firstly, they aim to stimulate philanthropy, empowering individuals and organizations to contribute to causes they care about. Secondly, they strive to enhance the potency of charitable contributions, ensuring that every dollar makes a meaningful difference. Lastly, they work tirelessly to establish robust relationships, promoting collaboration and alignment of goals among philanthropic partners. By doing so, Hermosa Friends Foundation seeks to create a more compassionate and engaged society, where collective giving and shared visions translate into tangible improvements in communities.
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Impact
August, 2024
Hermosa Friends Foundation's impact includes granting $4,000 in scholarships to local high school students moving on to college and making over $15,500 in grants to local charities. Through these efforts, the foundation is able to encourage philanthropy, strengthen the power of charitable contributions, and build strong relationships that advance shared philanthropic goals in Hermosa Beach, CA.
This information is meant to be a general summary of Hermosa Friends 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 2021.
- Gross Receipts: $49,171
Assets and Liabilities:
- Total Assets: $77,259
- Total Liabilities: $0
- Net Assets: $77,259
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Organization Details
Founding Year
2016
Phone
(562) 728-7724Principal Officer
Karen Nowicki
Main Address
1231 24th Street, Hermosa Beach, CA, 90254
NTEE Category
Code: T31 - Philanthropy
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