Overview
What is Homer Foundation?
The Homer Foundation is a nonprofit organization situated in Homer, Alaska. With a small staff of three individuals, their primary mission is to improve the well-being of the local community by fostering philanthropic and charitable activities. Their year-round grants program plays a crucial role in achieving this goal, by providing financial support for various charitable initiatives within the greater Homer area. The foundation's purpose is to enrich the lives of the community's citizens and contribute positively to its overall development.
Official website here: www.homerfoundation.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 84%, Three-Star out of Four Star Rating
The Homer Foundation has received a solid rating of 84% from Charity Navigator, which translates to a Three-Star rating. This indicates a generally strong performance in accountability and finances, with specific strengths highlighted, including a high program expense ratio of 78%. This suggests that a significant portion of their expenditures is directed towards their mission-related activities, which is a positive indicator for potential donors.
The foundation also showcases commendable governance practices, with 90% of its board members being independent. Additionally, the organization has comprehensive policies in place regarding conflicts of interest, whistleblower protection, and document retention. These governance factors, combined with their low liabilities to assets ratio of just 5.93%, emphasize the organization's commitment to transparency and ethical management.
However, the organization received a slightly lower score in the Culture & Community category at 75%, indicating that there may be areas for improvement in their community engagement and internal culture. Overall, the Homer Foundation appears to be a responsible nonprofit with a strong financial footing, although there may be opportunities for enhancing their connection with the community they serve.
This AI summary has been generated from information found on Charity Navigator.
Is Homer Foundation legitimate?
Homer Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Homer 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: $62,500
Professional Fundraising Fees: $0
Other Salaries and Wages: $21,953
For more financial information, click here
Official website here: www.homerfoundation.org
What is the mission statement of Homer Foundation?
The Homer Foundation's mission is centered around enhancing the quality of life for individuals in their community. They achieve this goal by promoting philanthropic and charitable activities. This mission is carried out through a year-round grants program, which supports various charitable initiatives within the community. The foundation's aim is to contribute positively to the lives of its residents, fostering a sense of community and well-being.
Official website here: www.homerfoundation.org
Who is the CEO of Homer Foundation?
Michael Miller is the Executive Di of Homer Foundation.
Official website here: www.homerfoundation.org
What is the revenue of Homer Foundation?
Homer Foundation's revenue in 2022 was $1,139,520.
Official website here: www.homerfoundation.org
Who are the executives of Homer Foundation and what are their salaries?
The average compensation at Homer Foundation during 2022 was $28,151. There are 3 employees and 12 volunteers at Homer Foundation.
Here are 14 key members and their salaries:
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Official website here: www.homerfoundation.org
Where can I find the form 990 for Homer Foundation?
Homer Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.homerfoundation.org
Learn more at the official website: www.homerfoundation.org
Mission Statement of Homer Foundation
The Homer Foundation, an esteemed organization, is committed to improving the lives of its community members in the greater Homer area. Their mission, in essence, is to foster philanthropic and charitable activities within this community. By doing so, they aim to enhance the overall quality of life for its residents. Through their year-round grants program, the Homer Foundation provides support to various charitable activities within the community, playing a pivotal role in uplifting the lives of its citizens.
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Impact
July, 2024
The impact of the Homer Foundation is evident in the enhancement of the quality of life for the citizens of the greater Homer area. Through their year-round grants program, they support charitable activities that benefit the community. Their focus on promoting philanthropic initiatives demonstrates a commitment to addressing key needs and improving the well-being of individuals in the area. Their emphasis on youth development further highlights their dedication to nurturing the next generation and creating a positive impact that extends beyond the present.
This information is meant to be a general summary of Homer 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: $118,353
- Gross Receipts: $1,140,383
Assets and Liabilities:
- Total Assets: $5,061,813
- Total Liabilities: $397,454
- Net Assets: $4,664,359
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Organization Details
Founding Year
1991
Phone
(907) 235-0541Principal Officer
Michael Miller
Main Address
PO BOX 2600, HOMER, AK, 996032600
Website
www.homerfoundation.orgNTEE Category
Code: O40Z - Youth development
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