Overview
What is Seven Hearts Foundation?
The Seven Hearts Foundation, situated in Burlingame, California, is a charitable nonprofit organization. Its primary mission encompasses various facets, including general charitable work, religious endeavors, educational initiatives, and scientific pursuits. However, the foundation has a specific focus on educational matters, aiming to contribute positively in this area. The foundation's activities and mission remain aligned with its core purpose of promoting general well-being and fostering knowledge.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 13%
The Seven Hearts Foundation has received a Zero-Star out of Four Star rating from Charity Navigator, indicating significant concerns regarding its accountability and financial transparency. The organization scores an overall 13%, with a particularly troubling lack of independent board members and missing essential policies, such as conflict of interest and whistleblower policies, which are crucial for governance and ethical operations.
The absence of a website listed on its tax form and the failure to post required documents contribute to the foundation's low score. Although the charity reported no material diversion of assets, the overall metrics suggest a lack of robust financial practices and oversight, which raises red flags for potential donors regarding the effective use of funds.
While the organization does keep minutes of board meetings, the failure to meet basic standards for transparency and accountability diminishes its credibility. Potential supporters should be cautious and consider these issues when evaluating the Seven Hearts Foundation as a charity to support.
This AI summary has been generated from information found on Charity Navigator.
Is Seven Hearts Foundation legitimate?
Seven Hearts Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Seven Hearts Foundation 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: $0
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What is the mission statement of Seven Hearts Foundation?
The Seven Hearts Foundation is committed to serving various charitable, religious, educational, and scientific purposes. However, its main focus lies in the realm of education. The organization seeks to fulfill its mission by providing resources and support in these areas, with a particular emphasis on educational matters. This mission is aimed at contributing positively to the community and potentially making a significant impact in the educational sphere.
Who is the CEO of Seven Hearts Foundation?
Frances Olson is the President of Seven Hearts Foundation.
What is the revenue of Seven Hearts Foundation?
Seven Hearts Foundation's revenue in 2022 was $31,949.
Who are the executives of Seven Hearts Foundation and what are their salaries?
Here are 2 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Seven Hearts Foundation?
Seven Hearts Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Seven Hearts Foundation
The Seven Hearts Foundation is committed to serving a multifaceted purpose, encompassing general charitable, religious, educational, and scientific endeavors. However, it holds a particular emphasis on educational matters. This nonprofit organization strives to contribute positively to various sectors, with its primary focus on educational initiatives. By providing resources and opportunities, the Seven Hearts Foundation aims to make a significant impact in this field, ultimately contributing to the betterment of society as a whole.
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Impact
August, 2024
Seven Hearts Foundation is making a significant impact in the field of education by providing support and resources to enhance educational opportunities. Through their focus on educational matters, they are helping to empower individuals to reach their full potential and succeed in their academic pursuits. This organization's dedication to charitable and educational initiatives is creating a positive impact on communities and contributing to the advancement of education as a whole.
This information is meant to be a general summary of Seven Hearts Foundation. 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: $30,754
- Gross Receipts: $35,333
Assets and Liabilities:
- Total Assets: $585,311
- Total Liabilities: $0
- Net Assets: $585,311
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Organization Details
Founding Year
2018
Phone
(858) 922-7421Principal Officer
Frances Olson
Main Address
1520 BERNAL AVENUE, BURLINGAME, CA, 94010
NTEE Category
Code: B99 - Education
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