The Heartwork Foundation
Nonprofit profile at a glance
- EIN
- 813896117
- IRS 990-EZ coverage
- 2022–2024
- Forms available
- Form 990-EZ 2024, Form 990-N 2020
- Location
- Shreveport, LA, USA
- Phone
- 3184699712
- Rating
- 39
- Verdict
- REVIEW
- Rating confidence
- Moderate
- Sector
- Children's, Youth Services
Reported finances
- Revenue
- $113,540
- Expenses
- $105,580
- Assets
- $27,688
- Liabilities
- $44,200
Source: IRS Form 990-EZ. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
2 people listed
Executive titles in this filing
- NATHANIEL HAMILTON (PRESIDENT)
- DERRICK PARKER (VICE PRESIDENT)
People named in this filing
- NATHANIEL HAMILTON (PRESIDENT)
- DERRICK PARKER (VICE PRESIDENT)
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 use basketball techniques as a tool to develope youth and push them to a higher level of functioning both on and off the court. Basketball is a universal sport with power to be the guiding light as it reveals the limitless potential hidden inside. Its a team sport that unites people regardless of race, cultural differences and economic backgrounds. It is also a sport of competition and endurance.
What it reported doing in 2024
Community foundation grant for mentoring services
Operating model
- Revenue model
- Earned-program. 78% of the money available for current operations came from fees and other program revenue.
- 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
REVIEW - The filed numbers largely add up and revenue 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: 4
- Transparency & Controls: 82
- Sustainability: 32
- Growth: 60
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 4.4%; rating input score 4
- Program expense ratio: 4.7%; rating input score 5
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 52nd percentile among comparable filings
- Major donor itemization: Limited
Sustainability
- Operating margin: 7%; rating input score 52; 52nd percentile among comparable filings
- Total-asset coverage ratio: 0.26; rating input score 23; 23rd percentile among comparable filings
- Liabilities to assets ratio: 1.6; rating input score 3; 3rd percentile among comparable filings
- Officer compensation ratio: 49.2%; rating input score 5; 5th percentile among comparable filings
Growth
- Program expense growth: -40% per year; rating input score 0; 6th percentile among comparable filings
- Revenue growth: 16.5% per year; rating input score 100; 79th percentile among comparable filings
- Asset growth: 58.6% per year; rating input score 100; 95th percentile among comparable filings
Details
- Where the money goes: 4.4% of revenue deployed · 4.7% of spending went to programs
- Governance: Filed governance answers
- Accomplishments: 1 filed program accomplishment · $5K in reported program spending
- Leadership: top reported pay $0 · 2 people listed
- Consistency: 7 of 8 current checks pass · 1 finding to review
- Schedules: 2 filed schedules
- Filing history: 3 filing years from 2022 to 2024
- Contacts: How to reach this organization
- Money network: 2 filed money-flow records
- 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 4/100.
- High — Financial Efficiency: Program expense ratio scored 5/100.
- Moderate — Transparency & Controls: Part I part ii net assets crosscheck did not reconcile in the filed values.
- High — Growth: Program expense growth scored 0/100.
- High — Sustainability: Total-asset coverage ratio scored 23/100.
- Review — Sustainability: Operating margin scored 52/100.
- High — Sustainability: Liabilities to assets ratio scored 3/100.
- High — Sustainability: Officer compensation ratio scored 5/100.