Overview
What is Gary & Jeanette Herbert Foundation?
The Gary & Jeanette Herbert Foundation, situated in Salt Lake City, Utah, is a nonprofit organization committed to fostering education and awareness about the fundamental governing principles of our democratic republic. They achieve this mission by sponsoring educational initiatives, promoting constructive discussions on the roles of federal and state governments, and supporting the Herbert Institute for Public Policy at Utah Valley University. The foundation's primary goals include expanding public understanding of individual liberties, civic engagement, free market principles, and appropriate government functions, all without favoritism towards political affiliations.
What are the reviews and ratings of this charity?
Charity Navigator Rating 77% - Three-Star out of Four Star rating
The Gary & Jeanette Herbert Foundation has received a Three-Star rating from Charity Navigator, reflecting an overall score of 77%. This rating is based entirely on accountability and finance metrics, signaling that the organization has a solid framework in place for financial management and transparency.
Strengths of the foundation include a high percentage of independent board members, with 60% meeting this criteria, and no material diversion of assets reported. The organization also demonstrates good practices with a comprehensive conflict of interest policy and proper documentation for board meeting minutes. Their program expense ratio is notably high at 74.39%, indicating that a significant portion of funds is directed towards their programs.
However, the foundation's fundraising efficiency ratio is relatively low at $0.0625, which may indicate some room for improvement in their fundraising strategies. Despite this limitation, the organization maintains a strong working capital ratio of 9.49 years, suggesting financial stability and a sound operational model. Overall, the Gary & Jeanette Herbert Foundation demonstrates responsible financial practices and a commitment to accountability.
This AI summary has been generated from information found on Charity Navigator.
Is Gary & Jeanette Herbert Foundation legitimate?
Gary & Jeanette Herbert Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Gary & Jeanette Herbert 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: $119,350
Other Salaries and Wages: $0
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What is the mission statement of Gary & Jeanette Herbert Foundation?
The Gary & Jeanette Herbert Foundation's mission is centered around educating the public and promoting understanding of the fundamental governing principles of a democratic republic. This is achieved by sponsoring educational initiatives that enhance public comprehension of individual liberties, civic engagement, free market principles, and appropriate government functions. The foundation also encourages meaningful discourse on the roles of federal and state governments, disregarding political affiliations. Additionally, it supports the work of the Herbert Institute for Public Policy at Utah Valley University.
Who is the CEO of Gary & Jeanette Herbert Foundation?
Gary R Herbert is the Board Chair, of Gary & Jeanette Herbert Foundation.
What is the revenue of Gary & Jeanette Herbert Foundation?
Gary & Jeanette Herbert Foundation's revenue in 2022 was $2,471,000.
Who are the executives of Gary & Jeanette Herbert Foundation and what are their salaries?
There 6 volunteers at Gary & Jeanette Herbert Foundation.
Here are 6 key members and their salaries:
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- Other: $0
Where can I find the form 990 for Gary & Jeanette Herbert Foundation?
Gary & Jeanette Herbert Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Gary & Jeanette Herbert Foundation
The Gary & Jeanette Herbert Foundation is committed to educating the public, raising awareness, and promoting understanding of the fundamental governing principles that underpin our democratic republic. To achieve this mission, the foundation undertakes various activities. Firstly, it sponsors educational initiatives to enhance public comprehension of individual liberties, civic engagement, free market principles, and appropriate government functions. Secondly, the foundation encourages meaningful dialogue on the roles of federal and state governments, disregarding political affiliations. Lastly, it supports the efforts of the Herbert Institute for Public Policy at Utah Valley University. Through these endeavors, the Gary & Jeanette Herbert Foundation seeks to enlighten and engage the public in the intricacies of democratic governance, fostering a more informed and active citizenry.
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Impact
July, 2024
The Gary & Jeanette Herbert Foundation has a significant impact on civic engagement and public understanding of democratic governing principles. Through its educational efforts, the foundation raises awareness and promotes discourse on individual liberties, civic engagement, free market principles, and appropriate government functions. By supporting the Herbert Institute for Public Policy at Utah Valley University, the foundation plays a vital role in fostering meaningful dialogue on the roles of federal and state governments, irrespective of political affiliations.
This information is meant to be a general summary of Gary & Jeanette Herbert 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: $2,471,000
Assets and Liabilities:
- Total Assets: $2,512,004
- Total Liabilities: $0
- Net Assets: $2,512,004
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Organization Details
Founding Year
2019
Phone
(801) 318-5598Principal Officer
Gary R Herbert
Main Address
5842 FONTAINE BLEU CIRCLE, SALT LAKE CITY, UT, 84121
NTEE Category
Code: V00 - Social research
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