Overview
What is Hanyc Foundation Inc?
Hanyc Foundation Inc, based in New York City, is a nonprofit organization founded by the Hotel Association of New York City. Its primary mission is to use the collective resources and talents of its member hotels and partners to support education and crisis relief within the community. The Foundation achieves this through various initiatives. Firstly, it offers scholarships to students pursuing degrees in hotel management. Secondly, in response to unexpected hardships, the Foundation provides short-term hotel stays to individuals and families in need. Lastly, it combats human trafficking by offering training to the hotel industry, educating them on its impact and common indicators, and providing action steps for prevention and response. The Foundation raises funds through annual events and seminars, with all surplus proceeds directly supporting its activities.
Official website here: www.hanycfoundation.org
Is Hanyc Foundation Inc legitimate?
Hanyc Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Hanyc 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.
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Official website here: www.hanycfoundation.org
What is the mission statement of Hanyc Foundation Inc?
The Hanyc Foundation Inc, established as a non-profit organization, aims to utilize the resources and talents of the Hotel Association of New York City's member hotels and partners to focus on philanthropic efforts in the community. Its primary focus areas include providing scholarships for students pursuing degrees in hospitality and offering crisis relief by providing short-term hotel stays to individuals facing unexpected hardships. Additionally, the foundation is dedicated to combating human trafficking within the hospitality industry. This involves partnering with individuals and organizations to provide training on the topic, discussing indicators and case examples, and offering action steps for prevention and response. Fundraising events such as an annual Golf Outing and Red Carpet Hospitality Gala also contribute to the foundation's efforts.
Official website here: www.hanycfoundation.org
Who is the CEO of Hanyc Foundation Inc?
Vijay Dandapani is the President of Hanyc Foundation Inc.
Official website here: www.hanycfoundation.org
What is the revenue of Hanyc Foundation Inc?
Hanyc Foundation Inc's revenue in 2022 was $385,292.
Official website here: www.hanycfoundation.org
Who are the executives of Hanyc Foundation Inc and what are their salaries?
Here are 14 key members and their salaries:
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Official website here: www.hanycfoundation.org
Where can I find the form 990 for Hanyc Foundation Inc?
Hanyc Foundation Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.hanycfoundation.org
Learn more at the official website: www.hanycfoundation.org
Mission Statement of Hanyc Foundation Inc
The Hanyc Foundation Inc, established in 2019, is a non-profit organization with a mission to utilize the skills and resources of its hotel association members and partners to enhance community outreach. The foundation focuses on two primary areas: education and crisis relief. In the realm of education, Hanyc Foundation Inc offers scholarships to students pursuing an associate's or bachelor's degree in hospitality. This initiative aims to empower future professionals in the hospitality sector.
In addition to education, the foundation also extends its aid to individuals and families facing unexpected hardships. By providing short-term hotel stays, Hanyc Foundation Inc offers a crucial service during times of crisis. Moreover, the foundation is committed to combating human trafficking within the hotel industry. To achieve this, it organizes training sessions for association members and their staff. These sessions cover various aspects of human trafficking, such as its impact, common indicators, and prevention strategies. The foundation is also involved in fundraising events, like an annual Golf Outing and Red Carpet Hospitality Gala, where the surplus revenue is channeled towards the foundation's initiatives.
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Impact
October, 2024
Hanyc Foundation Inc makes a significant impact in several crucial areas, primarily focused on education, crisis relief, and the fight against human trafficking. By providing scholarships to students pursuing degrees in Hospitality, the Foundation supports the development of future industry leaders, ensuring that young talent has the resources necessary to succeed in a competitive field.
In times of unexpected hardship, the Foundation steps in to offer short-term hotel stays for individuals and families in crisis. This essential support provides not just shelter, but also stability during critical moments, allowing those affected the time and space to regain their footing.
Additionally, the Foundation is actively combating human trafficking by offering training programs for hotel industry professionals. This initiative not only raises awareness about the prevalence of sex and labor trafficking but also equips staff with the knowledge needed to identify and respond to potential cases. By fostering partnerships with various organizations, the Foundation enhances its outreach and effectiveness in creating a safer environment within the hospitality sector.
Through fundraising events like the annual Golf Outing and Red Carpet Hospitality Gala, Hanyc Foundation Inc generates vital funds to sustain its programs. Furthermore, educational seminars on human trafficking further amplify the Foundation’s commitment to public safety and community well-being. Overall, Hanyc Foundation Inc plays a pivotal role in enriching education, providing crisis support, and addressing a critical social issue through proactive measures.
This information is meant to be a general summary of Hanyc 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.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Gross Receipts: $632,120
Assets and Liabilities:
- Total Assets: $358,613
- Total Liabilities: $49,219
- Net Assets: $309,394
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Organization Details
Founding Year
2019
Phone
(212) 754-6700Principal Officer
Vijay Dandapani
Main Address
34 EAST 51ST STREET 8TH FLOOR, NEW YORK, NY, 10022
Website
www.hanycfoundation.orgNTEE Category
Code: M20 - Public safety
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