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Lifehikes Foundation Inc

Learn about this cause: What are the reviews? Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 831910562 ✦ Verona, NJ ✦ Designated as a 501(c)(3)

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Overview

What is Lifehikes Foundation Inc?

Lifehikes Foundation Inc, headquartered with undisclosed information, is a nonprofit organization committed to fostering generosity. They accomplish this mission by advocating for public speaking, aiding various charities, and igniting an interest in charitable contributions. By promoting these activities, Lifehikes Foundation Inc aims to unlock the philanthropic spirit in people, thereby making a positive impact on their communities and beyond.


Official website here: www.charitybirthday.org

What are the reviews and ratings of this charity?

Charity Navigator Rating: 53%, One-Star out of Four Stars

Lifehikes Foundation Inc has received a low rating of 53%, reflecting significant concerns regarding its governance and transparency. The organization has no independent board members, which raises questions about accountability and oversight. Furthermore, it lacks essential policies, including conflict of interest and whistleblower protections, which are critical for maintaining trust and integrity within nonprofit operations.

On a more positive note, the foundation demonstrates a strong commitment to its mission, with an impressive program expense ratio of 97.61%. This indicates that a substantial portion of its funds is directed towards its programs rather than administrative costs. Additionally, the organization has shown no material diversion of assets, suggesting that it is managing its resources responsibly.

Despite these strengths, the overall rating indicates that potential donors should exercise caution. The absence of key governance policies and the lack of independent oversight could pose risks regarding the foundation's practices and accountability. As such, individuals considering support for Lifehikes Foundation Inc should weigh these factors carefully.


This AI summary has been generated from information found on Charity Navigator.

Is Lifehikes Foundation Inc legitimate?

Lifehikes Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Lifehikes 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:

Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $70,025

For more financial information, click here


Official website here: www.charitybirthday.org

What is the mission statement of Lifehikes Foundation Inc?

The LifeHikes Foundation's mission is centered around inspiring charitable giving. It accomplishes this by encouraging public speaking, offering support to various charities, and fostering an environment that stimulates charitable contributions. In essence, the foundation aims to empower individuals to utilize their giving potential for the betterment of various causes.


Official website here: www.charitybirthday.org

Who is the CEO of Lifehikes Foundation Inc?

William Hoogterp is the President of Lifehikes Foundation Inc.


Official website here: www.charitybirthday.org

What is the revenue of Lifehikes Foundation Inc?

Lifehikes Foundation Inc's revenue in 2022 was $79,528.


Official website here: www.charitybirthday.org

Who are the executives of Lifehikes Foundation Inc and what are their salaries?


Here are 5 key members and their salaries:


William Hoogterp (President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Maria Hoogterp (Executive Dir.)
  • Compensation: $0
  • Related: $0
  • Other: $0
Darshna P Modi (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Thomas Mcenanly (Controller)
  • Compensation: $0
  • Related: $0
  • Other: $0
Michael F Sanchez (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.charitybirthday.org

Where can I find the form 990 for Lifehikes Foundation Inc?

Lifehikes Foundation Inc's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.charitybirthday.org

Learn more at the official website: www.charitybirthday.org

Mission Statement of Lifehikes Foundation Inc

Lifehikes Foundation Inc, as its mission statement suggests, is committed to unlocking the generous spirit within individuals. The organization achieves this by advocating for public speaking, backing various charitable causes, and sparking an interest in charitable giving. By promoting public speaking, Lifehikes Foundation Inc encourages individuals to express their thoughts and feelings, potentially inspiring them to contribute to worthy causes. Furthermore, the foundation supports a multitude of charities, providing them with the resources they need to make a difference in the lives of those in need. Lastly, Lifehikes Foundation Inc stimulates charitable giving, encouraging people to donate their time, money, or skills to worthy causes, thus unleashing their giving potential.

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Impact




August, 2024

Lifehikes Foundation Inc unleashes people's giving potential by promoting public speaking, supporting charities, and stimulating charitable giving. Its impact can be seen in the enhanced public speaking skills of individuals, increased support for various charitable organizations, and a heightened culture of giving within the community. This organization plays a vital role in empowering individuals to make a positive difference in the world through their actions and contributions.




This information is meant to be a general summary of Lifehikes 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.

Revenue
$79,528 (2022)
Expenses
$89,451 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $14,731
  • Gross Receipts: $79,528

Assets and Liabilities:

  • Total Assets: $1,372,813
  • Total Liabilities: $0
  • Net Assets: $1,372,813

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Organization Details

Founding Year

2018

Principal Officer

William Hoogterp

Main Address

98 Woodland Avenue, Verona, NJ, 07044

NTEE Category

Code: P20 - Human services

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