Overview
What is Hhs Carefund Foundation?
Hhs Carefund Foundation is a charitable organization, specifically an employer-sponsored public charity, situated in Dripping Springs, Texas. Its primary mission is to collect donations and distribute emergency financial aid to employees and their families from Hospital Housekeeping Systems, LLC, who are experiencing financial hardships due to various circumstances, such as COVID-19 issues, natural disasters, or other unforeseen circumstances. In 2022, the foundation provided assistance to over 650 individuals, covering expenses like rent, utilities, mortgage payments, medical bills, and funeral costs. The foundation's aid extends to the employees' current spouses and minor children as well.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 52% (One-Star out of Four Stars)
The Hhs Carefund Foundation has received a low rating of 52%, which translates to a One-Star designation. This score reflects significant concerns regarding the charity's accountability and financial practices, as indicated by the lack of independent board members and missing essential governance policies. These deficiencies raise questions about the organization's transparency and operational integrity.
One of the strengths noted in the evaluation is the foundation's impressive program expense ratio of 100%, indicating that all of its expenses are directed towards its programs. Additionally, the organization has a low liabilities to assets ratio of 10.26%, which suggests sound financial stability in terms of its obligations. However, the absence of essential financial documentation and governance policies detracts from its overall accountability.
While the charity has documented board meeting minutes, it fails to provide crucial information regarding its financial statements and other governance practices. The lack of a conflict of interest policy, whistleblower policy, and a missing website listed on its tax form are critical areas of concern, signaling a need for improvement in its operational transparency and adherence to best practices in nonprofit governance.
This AI summary has been generated from information found on Charity Navigator.
Is Hhs Carefund Foundation legitimate?
Hhs Carefund Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Hhs Carefund 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: $52,992
For more financial information, click here
What is the mission statement of Hhs Carefund Foundation?
The HHS Carefund Foundation serves as an employer-sponsored public charity, primarily aiming to accept donations and distribute emergency financial aid to past, present, and future employees of Hospital Housekeeping Systems, LLC, along with their current spouses and minor children. This assistance is provided to those in need due to unexpected hardships they may be facing. The foundation's goal is to alleviate financial stress during challenging times. It operates with a mission to offer a helping hand to eligible applicants within its scope.
Who is the CEO of Hhs Carefund Foundation?
Lisa Molnar is the Trustee of Hhs Carefund Foundation.
What is the revenue of Hhs Carefund Foundation?
Hhs Carefund Foundation's revenue in 2022 was $700,543.
Who are the executives of Hhs Carefund Foundation and what are their salaries?
There 4 volunteers at Hhs Carefund Foundation.
Here are 5 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $52,992
- Other: $0
Where can I find the form 990 for Hhs Carefund Foundation?
Hhs Carefund Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Hhs Carefund Foundation
The HHS Carefund Foundation serves as an employer-sponsored public charity, primarily focused on accepting donations and distributing emergency financial assistance. This foundation is dedicated to providing aid to past, present, and future employees of Hospital Housekeeping Systems, LLC, as well as their current spouses and minor children. The primary purpose of this assistance is to alleviate undue hardships that these eligible applicants may be experiencing. By accepting donations and making disbursements, the HHS Carefund Foundation aims to offer a safety net for individuals within this community who find themselves in financial distress.
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Impact
July, 2024
HHS CareFund Foundation has had a significant impact on the lives of individuals facing financial hardship. In 2022 alone, the foundation assisted at least 654 individuals who were experiencing financial difficulties due to various reasons such as COVID-19 issues, natural disasters, and other circumstances. The financial assistance provided by the foundation included support for rent, utilities, mortgage payments, medical bills, and even funeral costs. This support has been crucial in helping these individuals navigate through challenging times and improve their overall well-being.
This information is meant to be a general summary of Hhs Carefund 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.
- Gross Receipts: $700,543
Assets and Liabilities:
- Total Assets: $35,535
- Total Liabilities: $6,429
- Net Assets: $29,106
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Organization Details
Founding Year
2019
Phone
(512) 478-1888Principal Officer
Lisa Molnar
Main Address
12495 SILVER CREEK RD, DRIPPING SPRINGS, TX, 78620
NTEE Category
Code: P60 - Human services
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