Overview
What is Hear Scholarship Foundation Inc?
Hear Scholarship Foundation Inc, based in Glenview, Illinois, is a nonprofit organization that offers financial aid and a college success program to academically talented, low-income high school seniors from the Chicago area. The foundation emphasizes the importance of community involvement and personal integrity in their pursuit of higher education. By providing this support, Hear Scholarship Foundation Inc aims to empower deserving students and foster their growth within the Chicagoland community.
Official website here: www.hearfoundation.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 88% (Three-Star out of Four Stars)
The HEAR Scholarship Foundation Inc has received an 88% rating from Charity Navigator, reflecting strong performance in accountability and finance, with a score of 83% in these areas. The organization has a fully independent board and demonstrates strong financial management, including a high program expense ratio of 77.01%. While there are some gaps noted in their equity policies and processes, overall, the foundation showcases a commitment to transparency and effective use of funds.
Feedback from volunteers and clients highlights the foundation's impactful approach to supporting first-generation college students. Reviewers frequently commend the foundation for its mentorship programs, which enhance the scholarship experience and ensure students receive guidance throughout their college journey. Testimonials indicate that the supportive community fostered by HEAR is instrumental in helping scholars overcome challenges and succeed academically.
Despite the overwhelmingly positive feedback, there are areas for improvement, particularly in expanding their equity strategies and enhancing their policies. However, the foundation's efforts to adapt and support their scholars have left a meaningful imprint on the lives of many students and the broader community, making it a respected nonprofit in the realm of education assistance.
This AI summary has been generated from information found on Charity Navigator and Great Nonprofits.
Is Hear Scholarship Foundation Inc legitimate?
Hear Scholarship Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Hear Scholarship 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:
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Official website here: www.hearfoundation.org
What is the mission statement of Hear Scholarship Foundation Inc?
The Hear Scholarship Foundation Inc's mission is centered around providing financial aid and a comprehensive college success program to low-income high school seniors in Chicago. These students are selected based on their academic excellence, dedication to their community, and demonstration of personal integrity, as they strive towards a higher education. The foundation's aim is to empower these individuals by offering them the necessary financial support and resources to succeed in their college journey.
Official website here: www.hearfoundation.org
Who is the CEO of Hear Scholarship Foundation Inc?
Michael Spaniak is the Board Member of Hear Scholarship Foundation Inc.
Official website here: www.hearfoundation.org
What is the revenue of Hear Scholarship Foundation Inc?
Hear Scholarship Foundation Inc's revenue in 2022 was $982,224.
Official website here: www.hearfoundation.org
Who are the executives of Hear Scholarship Foundation Inc and what are their salaries?
Here are 13 key members and their salaries:
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Official website here: www.hearfoundation.org
Where can I find the form 990 for Hear Scholarship Foundation Inc?
Hear Scholarship Foundation Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.hearfoundation.org
Learn more at the official website: www.hearfoundation.org
Mission Statement of Hear Scholarship Foundation Inc
The Hear Scholarship Foundation Inc is committed to supporting low-income high school seniors in Chicago who are not only academically talented but also demonstrate a deep commitment to their community and maintain personal integrity. The organization's mission is to offer these students financial aid and a comprehensive college success program. This program aims to empower these deserving individuals in their pursuit of higher education, helping them overcome financial barriers and pave the way for a brighter future. Through its college success program, the Foundation provides guidance, resources, and mentorship to these students, enabling them to navigate the complexities of the college application process and thrive in their academic endeavors.
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Impact
July, 2024
The Hear Scholarship Foundation Inc makes a significant impact by providing financial assistance and a college success program to low-income high school seniors in Chicagoland. Through their support, students who demonstrate academic excellence, commitment to community, and personal integrity are given the opportunity to pursue a college education. This results in empowering individuals from underserved communities to access higher education and unlock their full potential for a brighter future.
This information is meant to be a general summary of Hear Scholarship 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.
- Investment Income: $94,034
- Gross Receipts: $1,320,993
Assets and Liabilities:
- Total Assets: $1,730,397
- Total Liabilities: $31,015
- Net Assets: $1,699,382
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Organization Details
Founding Year
2017
Phone
(847) 834-9124Principal Officer
Michael Spaniak
Main Address
PO BOX 260, GLENVIEW, IL, 600250260
Website
www.hearfoundation.orgNTEE Category
Code: B82 - Education
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