Overview
What is Halcyon House?
Halcyon House is a nonprofit organization based in Washington, D.C., specifically located at 3400 Prospect Street NW, that supports early-stage impact-driven entrepreneurs worldwide. Through its Halcyon Incubator and Intensives program, the organization offers fellowships, including a four-month residential fellowship in Washington, D.C., and international intensives tailored to various communities, sectors, and demographic groups. Halcyon provides its fellows with a range of resources, such as leadership coaching, legal support, consulting, mentorship, skill-building, and cash stipends, at no cost and without taking equity in their ventures. Since its inception in 2014, Halcyon has supported 288 startup ventures, which have collectively raised nearly $500 million, created over 6,000 jobs, and impacted the lives of 9.3 million people worldwide. The organization has a strong commitment to diversity, with 78% of its ventures founded by individuals of color and 75% led by women or co-founded by women. Halcyon's mission is to lift up innovators and creators who aim to make the world a better place.
Official website here: www.halcyonhouse.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 97% (Four-Star out of Four Stars)
Halcyon House has achieved an impressive Four-Star rating from Charity Navigator, reflecting its strong performance across various operational metrics. The organization's overall score is bolstered by particularly high marks in Leadership & Adaptability (100) and Culture & Community (98), indicating a robust commitment to its mission and community engagement. The accountability and finance score is also notable at 97%, showcasing effective financial management and oversight.
The nonprofit exhibits a strong governance structure with a fully independent board, ensuring that decisions are made without conflicts of interest. Its financial practices are transparent, with no reported material diversions of assets and a high program expense ratio of 84.48%, which demonstrates a dedication to channeling resources towards its initiatives. Additionally, Halcyon House has shown a clear investment in leadership development and adaptability in response to external changes, which are critical for long-term effectiveness.
Despite its strengths, the organization has areas for potential improvement, particularly in enhancing its leadership and adaptability score. It is essential for nonprofits to continuously assess and evolve their practices to meet changing needs in the community. Overall, Halcyon House stands out as a well-managed organization with a strong reputation for accountability and community service.
This AI summary has been generated from information found on Charity Navigator.
What do the Facebook reviews say about Halcyon House?
94% of reviewers on Facebook recommend Halcyon House. Here is a summary of their reviews:
The organization is praised for its welcoming environment and the exceptional community it fosters. Many comments highlight the strong connections and support among individuals involved, contributing to a positive atmosphere. The space is described as vibrant and engaging, making it appealing for those seeking a sense of belonging.
Ultimately, Halcyon House seems to resonate well with its audience, suggesting that it effectively fulfills its mission of creating a supportive community.
This AI summary has been generated from reviews found on Facebook.
Is Halcyon House legitimate?
Halcyon House is a legitimate nonprofit organization registered as a 501(c)(3) entity. Halcyon House 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: $229,461
Professional Fundraising Fees: $0
Other Salaries and Wages: $1,454,463
For more financial information, click here
Official website here: www.halcyonhouse.org
What is the mission statement of Halcyon House?
Halcyon House aims to uplift innovators and creators who strive to improve the world. They provide these individuals with the necessary tools and opportunities to actualize their ideas. Halcyon Incubator and Intensives offer fellowships to early-stage impact-driven business founders from various parts of the globe. These fellowships include a four-month residential program in Washington D.C., along with intensive programs tailored to diverse international communities, sectors, or demographic groups. Halcyon's fellowships offer a blend of leadership coaching, legal support, consulting, mentorship, residency, skill-building, and cash stipends to help founders grow their businesses. These fellowships are offered at no cost to participating entrepreneurs, and Halcyon does not take equity in their ventures for the fellowship. Since its inception in 2014, Halcyon has supported 288 startup ventures, which have raised nearly $500 million, created over 6,000 jobs, and impacted the lives of 9.3 million people worldwide. A significant portion of these ventures has a founder of color, and over three-quarters have a woman founder or co-founder.
Official website here: www.halcyonhouse.org
Who is the CEO of Halcyon House?
Kate Goodall is the Board Chair of Halcyon House. The CEO's salary of Halcyon House is $219,228 and their total compensation is $229,461.
Official website here: www.halcyonhouse.org
What is the revenue of Halcyon House?
Halcyon House's revenue in 2022 was $3,682,115.
Official website here: www.halcyonhouse.org
Who are the executives of Halcyon House and what are their salaries?
The average compensation at Halcyon House during 2022 was $76,542. There are 22 employees and 79 volunteers at Halcyon House.
Here are 16 key members and their salaries (Halcyon House's CEO's salary is $219,228 and their total compensation is $229,461):
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- Compensation: $219,228
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- Other: $10,233
- Compensation: $160,000
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- Other: $4,544
- Compensation: $141,658
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- Other: $10,836
Official website here: www.halcyonhouse.org
Where can I find the form 990 for Halcyon House?
Halcyon House's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.halcyonhouse.org
Learn more at the official website: www.halcyonhouse.org
Mission Statement of Halcyon House
Halcyon House, an organization dedicated to making the world a better place, uplifts innovators and creators who share this vision. Its mission is to equip these individuals with the necessary tools and opportunities, enabling them to bring their ideas to life. The program offers fellowships for early-stage impact-driven business founders from around the globe, providing a four-month residential fellowship in Washington, D.C., along with intensive fellowships tailored to different international communities, sectors, or demographic groups with unique needs.
Halcyon's fellowships encompass a wide range of support, including leadership coaching, legal assistance, consulting, mentorship, residency, skill-building, and cash stipends. These resources aim to help founders scale their businesses, addressing challenges in various sectors such as education, energy, and healthcare. Halcyon provides these fellowships at no cost to participating entrepreneurs and does not take equity in their ventures for the fellowship. Since its inception in 2014, Halcyon House has supported 288 startup ventures, which have subsequently raised nearly $500 million, created over 6,000 jobs, and impacted the lives of 9.3 million people worldwide. The organization has a strong focus on diversity, with 78% of its ventures having a founder of color and 75% having a woman founder or co-founder. Additionally, 84% of the ventures are still in operation today.
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Impact
July, 2024
Halcyon House's impact includes supporting 288 startup ventures since its launch in 2014. These ventures have raised almost $500 million to scale their businesses, creating over 6,000 jobs and impacting the lives of 9.3 million people worldwide. Additionally, 78% of the ventures have had a founder of color, and 75% have had a woman founder or co-founder. The organization provides leadership coaching, legal support, consulting, mentorship, residency, skill-building, and cash stipends to help founders scale businesses in various sectors such as education, energy, and healthcare. This support is offered at no cost to participating entrepreneurs, and Halcyon takes no equity in their ventures during the fellowship.
This information is meant to be a general summary of Halcyon House. 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: $3,560
- Program Service Revenue: $14,086
- Gross Receipts: $3,830,243
Assets and Liabilities:
- Total Assets: $1,514,892
- Total Liabilities: $108,413
- Net Assets: $1,406,479
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
FACILITIES FEES
Revenue
$14,086
Organization Details
Founding Year
2017
Phone
(202) 796-4240Principal Officer
Kate Goodall
Main Address
3400 PROSPECT STREET NW, WASHINGTON, DC, 20007
Website
www.halcyonhouse.orgNTEE Category
Code: A05 - Arts
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