Overview
What is Hats Of Wisdom?
Hats Of Wisdom is a community-focused nonprofit organization based in Delta Junction, Alaska. With a dedicated team of nine individuals, their mission is to foster collaboration in the Deltana area to address behavioral health needs. By offering affordable and holistic services, they have supported over 180 individuals, couples, and families in the community through approximately 1,600 sessions. Their ultimate goal is to decrease stigma, build awareness, and educate community members about behavioral health issues. They strive to create an inclusive environment where everyone feels comfortable seeking help and learning more about mental health.
Official website here: www.hatsofwisdom.com
What are the reviews and ratings of this charity?
Rating from Charity Navigator: 65%, Two-Star out of Four Star rating.
Hats Of Wisdom has received a 65% rating from Charity Navigator, indicating a need for improvement in various aspects of its operations. The organization boasts a fully independent board, with all 10 board members meeting this criterion, which is a strong point for governance. Additionally, the charity has implemented several important policies such as conflict of interest and whistleblower protections, highlighting its commitment to transparency and accountability.
However, the organization faces challenges in financial management, as evidenced by its liabilities to assets ratio of 75.27%, which raises concerns about its financial stability. Furthermore, while the program expense ratio stands at 56.20%, indicating that a little over half of its expenses go toward programs, this ratio could be enhanced to better align with best practices in the nonprofit sector. The absence of the tax form on its website also detracts from its accountability efforts.
Overall, while Hats Of Wisdom demonstrates a strong governance structure and policies promoting accountability, it must address its financial ratios and ensure complete transparency in reporting to enhance its overall effectiveness and reliability as a nonprofit.
This AI summary has been generated from information found on Charity Navigator.
Is Hats Of Wisdom legitimate?
Hats Of Wisdom is a legitimate nonprofit organization registered as a 501(c)(3) entity. Hats Of Wisdom 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: $44,208
Professional Fundraising Fees: $0
Other Salaries and Wages: $144,383
For more financial information, click here
Official website here: www.hatsofwisdom.com
What is the mission statement of Hats Of Wisdom?
The mission of Hats Of Wisdom is to foster collaboration within a community, aiming to support behavioral health needs and decrease stigma. Their goal is to build awareness and educate community members. They strive to provide affordable and holistic behavioral health services, offering support to over 180 individuals, couples, and families in approximately 1,600 sessions. Their primary objective is to enhance mental health wellbeing and create a more informed and accepting community.
Official website here: www.hatsofwisdom.com
Who is the CEO of Hats Of Wisdom?
Josephine Barry is the Ceo of Hats Of Wisdom. The CEO's salary of Hats Of Wisdom is $44,208 and their total compensation is $44,208.
Official website here: www.hatsofwisdom.com
What is the revenue of Hats Of Wisdom?
Hats Of Wisdom's revenue in 2023 was $321,514.
Official website here: www.hatsofwisdom.com
Who are the executives of Hats Of Wisdom and what are their salaries?
The average compensation at Hats Of Wisdom during 2023 was $20,955. There are 9 employees and 15 volunteers at Hats Of Wisdom.
Here are 4 key members and their salaries (Hats Of Wisdom's CEO's salary is $44,208 and their total compensation is $44,208):
- Compensation: $44,208
- 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.hatsofwisdom.com
Where can I find the form 990 for Hats Of Wisdom?
Hats Of Wisdom's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.hatsofwisdom.com
Learn more at the official website: www.hatsofwisdom.com
Mission Statement of Hats Of Wisdom
Hats of Wisdom, a community-focused organization, is dedicated to fostering a collaborative effort within its region to address and support behavioral health needs. The primary objective of this nonprofit is to combat stigma, raise awareness, and educate community members about mental health issues. By doing so, Hats of Wisdom aims to create a more understanding and supportive environment for those struggling with these challenges.
Over the course of its operations, Hats of Wisdom has provided affordable and holistic behavioral health services to over 180 individuals, couples, and families in the Delta Junction community. These services have been offered across approximately 1,600 sessions, demonstrating the organization's commitment to making a tangible impact in the lives of those it serves. Through these sessions, Hats of Wisdom has worked tirelessly to support the behavioral health needs of its community members, contributing to a more informed and empathetic society.
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Impact
June, 2024
Hats Of Wisdom's impact in the Delta Junction community has been significant. By providing affordable and holistic behavioral health services to over 180 individuals, couples, and families, they have made a positive difference in the lives of many. Through their efforts, they have helped decrease stigma surrounding mental health, build awareness, and educate community members. This has resulted in a more supportive and informed community when it comes to mental health issues.
This information is meant to be a general summary of Hats Of Wisdom. 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: $3,662
- Program Service Revenue: $296,708
- Gross Receipts: $321,514
Assets and Liabilities:
- Total Assets: $109,146
- Total Liabilities: $82,158
- Net Assets: $26,988
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Program Fee For Service
Revenue
$296,708
Organization Details
Founding Year
2017
Phone
(907) 803-7002Principal Officer
Josephine Barry
Main Address
PO Box 809, Delta Junction, AK, 99737
Website
www.hatsofwisdom.comNTEE Category
Code: F32 - Mental health
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