Halo Foundation
Nonprofit profile at a glance
- EIN
- 203444669
- IRS 990-EZ coverage
- 2010–2024
- Forms available
- Form 990 2019, Form 990-EZ 2024, Form 990-N 2020
- Location
- Akron, OH, USA
- Phone
- 3304367120
- Rating
- 46
- Verdict
- MIXED
- Rating confidence
- Moderate
- Sector
- Fund Raising and Fund Distribution
Reported finances
- Revenue
- $133,605
- Expenses
- $180,857
- Assets
- $112,088
- Liabilities
- $16,613
Source: IRS Form 990-EZ. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
15 people listed
Executive titles in this filing
- ANNE JORGENSEN (PRESIDENT)
- MIKE COSTELLO (VICE PRESIDENT)
- DON KELLEY (PAST PRESIDENT)
People named in this filing
- ANNE JORGENSEN (PRESIDENT)
- MIKE COSTELLO (VICE PRESIDENT)
- JIM MELLODY (TREASURER)
Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.
Source: IRS Form 990-EZ. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
Our mission is to offer HOPE to the affliceted through the generosity of service and charity involving intergenerational support from seniors to children.
What it reported doing in 2024
HALO BOWL - Students participating in a Flag Football event
Operating model
- Revenue model
- Other-operating. 72% of the money available for current operations came from other operating revenue.
- Distribution model
- Cannot be determined from the filing. The filing does not provide enough consistent spending detail to tell whether the nonprofit works directly or through others.
The verdict
MIXED - The filed numbers largely add up and program spending has grown recently. A relatively small share of available resources goes toward mission work and a relatively small share of total spending goes to programs.
Rating breakdown
- Financial Efficiency: 1
- Transparency & Controls: 100
- Sustainability: 19
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 0.8%; rating input score 1
- Program expense ratio: 0.6%; rating input score 1
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 52nd percentile among comparable filings
- Major donor itemization: Yes; rating input score 100
Sustainability
- Operating margin: -35.4%; rating input score 4; 4th percentile among comparable filings
- Total-asset coverage ratio: 0.62; rating input score 44; 44th percentile among comparable filings
- Liabilities to assets ratio: 0.15; rating input score 21; 21st percentile among comparable filings
- Officer compensation ratio: 23.9%; rating input score 14; 14th percentile among comparable filings
Growth
- Program expense growth: 9.1% per year; rating input score 100; 59th percentile among comparable filings
- Revenue growth: 5.5% per year; rating input score 100; 50th percentile among comparable filings
- Asset growth: 4.4% per year; rating input score 100; 43rd percentile among comparable filings
Details
- Where the money goes: 0.8% of revenue deployed · 0.6% of spending went to programs
- Governance: Filed governance answers
- Accomplishments: 1 filed program accomplishment · $1K in reported program spending
- Leadership: top reported pay $0 · 15 people listed
- Consistency: 8 of 9 current checks pass · 1 finding to review
- Schedules: 3 filed schedules
- Filing history: 7 filing years from 2010 to 2024
- Contacts: How to reach this organization
- Money network: 4 filed money-flow records
- Related organizations: Filed and resolved organization relationships.
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- High — Financial Efficiency: Mission deployment rate scored 1/100.
- High — Financial Efficiency: Program expense ratio scored 1/100.
- Moderate — Transparency & Controls: Part III transfer expenses within program total did not reconcile in the filed values.
- High — Sustainability: Operating margin scored 4/100.
- Moderate — Sustainability: Total-asset coverage ratio scored 44/100.
- High — Sustainability: Officer compensation ratio scored 14/100.
- High — Sustainability: Liabilities to assets ratio scored 21/100.