Overview
What is Hermosa Beach Kiwanis Foundation?
The Hermosa Beach Kiwanis Foundation is a compassionate nonprofit organization situated in Hermosa Beach, California. With a postal address at PO Box 121, their primary objective is to extend services and financial aid to local youth and community organizations. The foundation is committed to contributing positively to the community by offering support and resources, effectively aligning with its mission statement.
Official website here: www.hermosakiwanis.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 97%, Four-Star out of Four Star rating.
The Hermosa Beach Kiwanis Foundation has achieved an impressive score of 97%, indicating a high level of accountability and financial health. This rating reflects the charity's strong commitment to transparency and responsible financial practices, as evidenced by its perfect score in several areas, including independent board membership and the absence of asset diversion.
The organization's commitment to governance is highlighted by its fully independent board of directors, comprising 14 members, all of whom contribute to its strategic oversight. Additionally, the foundation has robust policies in place, such as a conflict of interest policy and a whistleblower policy, ensuring ethical practices and accountability.
However, while the foundation excels in financial management with a program expense ratio of 99.03%, which indicates that nearly all of its expenses directly support its programs, there is no reported information on potential challenges or areas for improvement. Overall, the Hermosa Beach Kiwanis Foundation represents a strong option for donors seeking to support responsible and effective nonprofit initiatives.
This AI summary has been generated from information found on Charity Navigator.
Is Hermosa Beach Kiwanis Foundation legitimate?
Hermosa Beach Kiwanis Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Hermosa Beach Kiwanis 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: $6,000
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.hermosakiwanis.org
What is the mission statement of Hermosa Beach Kiwanis Foundation?
The Hermosa Beach Kiwanis Foundation's mission is centered around offering service and financial aid to local youth and community organizations. This non-profit organization strives to make a positive impact in its community by providing the necessary resources and support to various institutions and initiatives that cater to youth and community development. By doing so, it contributes to the betterment and enrichment of the community's younger generation and overall wellbeing.
Official website here: www.hermosakiwanis.org
What is the revenue of Hermosa Beach Kiwanis Foundation?
Hermosa Beach Kiwanis Foundation's revenue in 2024 was $72,205.
Official website here: www.hermosakiwanis.org
Who are the executives of Hermosa Beach Kiwanis Foundation and what are their salaries?
Here are 13 key members and their salaries:
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Official website here: www.hermosakiwanis.org
Where can I find the form 990 for Hermosa Beach Kiwanis Foundation?
Hermosa Beach Kiwanis Foundation's most recent form 990 was submitted in 2024 and can be accessed here.
Official website here: www.hermosakiwanis.org
Learn more at the official website: www.hermosakiwanis.org
Mission Statement of Hermosa Beach Kiwanis Foundation
The Hermosa Beach Kiwanis Foundation is committed to serving and providing financial aid to local youth and community organizations. Its mission, in essence, is to contribute to the betterment of the community by offering vital support and resources. This nonprofit organization strives to make a positive impact on the lives of young individuals and various community groups by extending its hand in assistance.
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Impact
August, 2024
The Hermosa Beach Kiwanis Foundation's impact is evident in its dedication to providing services and financial assistance to local youth and community organizations. Through its efforts, the foundation positively impacts the lives of individuals within the community by supporting various programs and initiatives that aim to enhance the well-being and development of those in need.
This information is meant to be a general summary of Hermosa Beach Kiwanis 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 2024.
- Investment Income: $6,799
- Gross Receipts: $407,010
Assets and Liabilities:
- Total Assets: $129,529
- Total Liabilities: $0
- Net Assets: $129,529
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Organization Details
Founding Year
2000
Principal Officer
Rick Koenig
Website
www.hermosakiwanis.orgNTEE Category
Code: P20 - Human services
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