Overview
What is Hourcar?
Hourcar is a nonprofit organization situated in Saint Paul, Minnesota, dedicated to promoting sustainable and equitable transportation. Their primary service is a round-trip carsharing program, offering a variety of gas-powered, hybrid, and electric vehicles at off-street hubs. Members can reserve cars up to six months in advance for personal use, and in 2022, Hourcar served over 2,000 unique users, reducing greenhouse gas emissions by over 1,000 metric tons. Hourcar also operates a multifamily electric vehicle carsharing pilot project, providing electric vehicles at low-income apartment buildings, and a one-way electric carsharing service, EVie Community Carshare, powered by 100% renewable energy. The organization's mission is to connect people with their communities through convenient, equitable, and sustainable multimodal transportation.
Official website here: www.hourcar.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 76% - Three-Star out of Four Star rating from Charity Navigator.
Hourcar has achieved a Three-Star rating, indicating a respectable level of accountability and financial health. The organization excels in several key areas, including having a fully independent board and a strong financial oversight mechanism, reflected in its perfect scores for conflict of interest and whistleblower policies. Additionally, the organization maintains a high program expense ratio, signaling that a significant portion of its funds are directed towards its core mission.
However, there are some areas for improvement. The working capital ratio is notably low at 0.22 years, which may raise concerns about the organization's financial sustainability in the long term. While the fundraising efficiency ratio is excellent, indicating effective fundraising strategies, the overall financial stability could benefit from a closer look at liquidity and reserves.
Overall, Hourcar demonstrates strong governance and financial management practices but should focus on enhancing its financial reserves to ensure continued operational viability.
This AI summary has been generated from information found on Charity Navigator.
Is Hourcar legitimate?
Hourcar is a legitimate nonprofit organization registered as a 501(c)(3) entity. Hourcar 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: $96,871
Professional Fundraising Fees: $0
Other Salaries and Wages: $976,664
For more financial information, click here
Official website here: www.hourcar.org
What is the mission statement of Hourcar?
Hourcar, a nonprofit organization, is dedicated to connecting individuals with their communities through convenient, equitable, and sustainable multimodal transportation. Their mission involves providing a round-trip carshare service using gas-powered, hybrid, and electric vehicles, placed at off-street hubs. Members can reserve vehicles up to six months in advance, and Hourcar offers a variety of vehicle types to cater to different trip needs. In 2022, Hourcar operated 49 vehicles, serving 2,349 unique users who took 22,487 trips, reducing 1,165 metric tons of greenhouse gas emissions. The organization also prioritizes equity, with 33% of total utilization coming from BIPOC/non-white users and 27% from very low-income users. Additionally, Hourcar has launched a multifamily electric vehicle carshare pilot project, providing electric vehicles to low-income apartment buildings and reducing greenhouse gas emissions.
Official website here: www.hourcar.org
Who is the CEO of Hourcar?
Paul Schroeder is the Ceo of Hourcar. The CEO's salary of Hourcar is $94,223 and their total compensation is $96,871.
Official website here: www.hourcar.org
What is the revenue of Hourcar?
Hourcar's revenue in 2022 was $3,345,040.
Official website here: www.hourcar.org
Who are the executives of Hourcar and what are their salaries?
The average compensation at Hourcar during 2022 was $32,531. There are 33 employees and 50 volunteers at Hourcar.
Here are 7 key members and their salaries (Hourcar's CEO's salary is $94,223 and their total compensation is $96,871):
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- Compensation: $94,223
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- Other: $2,648
Official website here: www.hourcar.org
Where can I find the form 990 for Hourcar?
Hourcar's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.hourcar.org
Learn more at the official website: www.hourcar.org
Mission Statement of Hourcar
Hourcar, a local shared-mobility nonprofit organization, aims to connect individuals with their communities through convenient, equitable, and sustainable multimodal transportation. The mission of Hourcar is to provide a round-trip carshare service, utilizing gas-powered, hybrid, and electric vehicles. These vehicles are strategically located at off-street hubs throughout Saint Paul and Minneapolis, enabling members to pick up and return the cars to the same hub. Members can reserve cars up to six months in advance, and Hourcar offers a variety of vehicle types to cater to different trip needs.
In 2022, Hourcar operated 49 vehicles in its round-trip service, catering to 2,349 unique users who took 22,487 trips spanning 1,019,559 miles. This service significantly reduced greenhouse gas emissions, saving an estimated 1,165 metric tons. Furthermore, Hourcar's commitment to equity and accessibility is evident in its user demographics, with 33% of total utilization coming from BIPOC/non-white users, 27% from very low-income users, and 10% from both BIPOC/non-white and very low-income users.
In addition to its round-trip service, Hourcar also implements a multifamily electric vehicle carshare pilot project. The project places electric vehicles at low-income apartment buildings around the region, allowing users to start and end trips at the same hub. This service, while primarily convenient for residents of the host sites, is available to all Hourcar members. The first multifamily carshare hub was opened in August 2022 in Minneapolis, with a second hub opening in Little Canada later in December. This service has also proven to be beneficial, reducing greenhouse gas emissions and saving users an estimated $165,000 on transportation costs.
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Impact
July, 2024
Hourcar's impact can be seen in the significant reduction of greenhouse gas emissions achieved through its round-trip and one-way carshare services. In 2022, Hourcar's operations resulted in the reduction of over 3,349 metric tons of greenhouse gas emissions across all its programs. This reduction is a direct result of the utilization of electric vehicles and the promotion of sustainable transportation options in the community. Additionally, Hourcar's services have helped users save an estimated total of $11.5 million on transportation costs. These figures demonstrate the tangible positive environmental and economic impact Hourcar has had on the community it serves.
This information is meant to be a general summary of Hourcar. 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.
- Program Service Revenue: $1,240,754
- Gross Receipts: $3,345,040
Assets and Liabilities:
- Total Assets: $1,761,100
- Total Liabilities: $1,310,933
- Net Assets: $450,167
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
PROGRAM SERVICE FEES
Revenue
$1,240,754
Organization Details
Founding Year
2016
Phone
(612) 343-2277Principal Officer
Paul Schroeder
Main Address
755 PRIOR AVENUE NORTH 301D, SAINT PAUL, MN, 55104
Website
www.hourcar.orgNTEE Category
Code: P52 - Human services
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