Hauptman Woodward Foundation
Nonprofit profile at a glance
- EIN
- 202977803
- IRS 990 coverage
- 2014–2022
- Forms available
- Form 990 2022
- Location
- Buffalo, NY, USA
- Phone
- 7168988600
- Rating
- 49
- Verdict
- MIXED
- Rating confidence
- Moderate
- Sector
- Fund Raising and/or Fund Distribution
Reported finances
- Revenue
- $335,293
- Expenses
- $111,166
- Assets
- $0
- Liabilities
- $0
Source: IRS Form 990. Selected filing: tax year 2022. Amounts in USD.
Leadership & pay
14 people listed
Executive titles in this filing
- Edward H Snell (Former President and CEO to 10/1/2023)
- Christopher Greene (Interim CEO)
Highest reported compensation
- Edward H Snell (Former President and CEO to 10/1/2023): $247,919 total reported compensation
- Anne Kent (Chief Financial Officer): $170,003 total reported compensation
- Michael Rhodes (Board Secretary/Controller): $85,017 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2022. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
The Foundation was incorporated under New York Corporation Laws. The Foundation's purpose was to raise and administer funds for the benefit of not-for-profit corporations that are exempt from tax under Section 501(C)(3) of the internal revenue code and are not private foundations.
What it reported doing in 2022
Sponsor a Young Professional. This program was the Young Professional Development Program. HWF was recruiting 30 young professionals from area businesses and corporations, organizations as ambassadors for HWF. This program educated young professionals on our mission, the work we did, and how to help raise funds for the foundation. This year-long program included training and culminated in a special recognition ceremony. We needed resources to be able to offer this opportunity for professional development.
Operating model
- Revenue model
- Donor-supported. 97% of the money available for current operations came from contributions and gifts.
- Distribution model
- Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.
The verdict
MIXED - The filed numbers largely add up and most voting board members are independent. 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: 6
- Transparency & Controls: 71
- Accountability: 100
- Sustainability: 46
- Growth: 60
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 3.1%; rating input score 3
- Program expense ratio: 9.2%; rating input score 9
- Fundraising efficiency: $3.22 raised per $1 spent on fundraising; rating input score 13; 13th percentile among comparable filings
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
- Pay-setting controls: 0 of 6 controls in place; rating input score 0
- Compensation committee: Missing
- Independent consultant: Missing
- Other Form 990s reviewed: Missing
- Written employment contract: Missing
- Compensation survey or study: Missing
- Board or committee approval: Missing
- Foreign activity oversight: Limited
- Grant itemization coverage: Limited
- Major donor itemization: Yes; rating input score 100
- Related-party transparency: Yes; rating input score 100
Accountability
- Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
- Governance controls: 9 of 9 controls in place; rating input score 100
- Conflict-of-interest policy: Pass
- Whistleblower policy: Pass
- Document-retention policy: Pass
- CEO compensation review process: Pass
- Other executive compensation review process: Pass
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Pass
- Independent financial-statement audit: Pass
Sustainability
- Operating margin: 66.8%; rating input score 96; 96th percentile among comparable filings
- Total-asset coverage ratio: 0; rating input score 1; 1st percentile among comparable filings
- Liabilities to assets ratio: Limited
- Officer compensation ratio: 61.2%; rating input score 2; 2nd percentile among comparable filings
Growth
- Program expense growth: -19.1% per year; rating input score 0; 6th percentile among comparable filings
- Revenue growth: 5.3% per year; rating input score 100; 58th percentile among comparable filings
- Asset growth: 6.8% per year; rating input score 100; 55th percentile among comparable filings
Details
- Where the money goes: 3.1% of revenue deployed · 9.2% of spending went to programs
- Governance: 11 of 11 board members independent · 9 of 9 filing controls reported
- Programs: 4 filed program accomplishments · $10K in reported program spending
- Leadership: top reported pay $248K · 14 people listed · 0 of 6 pay-setting controls reported
- Consistency: 20 of 20 current checks pass
- Schedules: 7 filed schedules · includes major donors and executive pay
- Filing history: 9 filing years from 2014 to 2022
- Contacts: How to reach this organization
- Related organizations: 2 filed related-organization links
- 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 3/100.
- High — Financial Efficiency: Program expense ratio scored 9/100.
- High — Transparency & Controls: Pay-setting controls scored 0/100.
- High — Financial Efficiency: Fundraising efficiency scored 13/100.
- High — Growth: Program expense growth scored 0/100.
- High — Sustainability: Total-asset coverage ratio scored 1/100.
- High — Sustainability: Officer compensation ratio scored 2/100.