The Herald Charities Inc

What it reported doing in 2024

Holiday wishbook program: the organization operates under the holiday wishbook program, whereby readers of the miami herald and el nuevo herald are solicited to donate funds for the benefit of the needy individuals who are profiled in the newspapers. The herald charities, inc. Profiles needy people in the miami herald media company's newspaper during the thanksgiving and christmas holidays. Since its founding more than 100 years ago, the miami herald has championed the needs of the less fortunate in the south Florida community. In 1952, the miami herald lend-a-hand fund was incorporated to formalize these efforts. In december 1982, the miami herald published its first wish book in an effort to spotlight needy individuals in south Florida. The miami herald charities was officially founded in 1995 to offer readers an opportunity to make a difference in a neighbor's life. Since then, the miami herald readers, together with spanish-language readers of el nuevo herald, have contributed several million dollars to assist some of the neediest people in our community. Wishes ranged from food, clothing, and toys for the holidays to more desperately needed items such as medical services, wheelchairs, housing and home repairs, furniture and dental work. In early october more than 600 non-profit social service agencies in south Florida were contacted to nominate clients for the wish book program. Specifically, wish book candidates are clients for whom the agencies have already expended available funding, but whose needs go beyond the agency's resources. The nominees are screened by the wish book team and the miami herald reporters work diligently to profile as many cases as possible every holiday season, running from thanksgiving day through the first week of the new year. Curently plans are underway for another successful season.

Financial Efficiency

• Mission deployment rate: 100%; rating input score 100
• Program expense ratio: 70.3%; rating input score 70
• Fundraising efficiency: Limited

Transparency & Controls

• Consistency checks: 100%; rating input score 100; 64th percentile among comparable filings
• Pay-setting controls: Limited
• Foreign activity oversight: Limited
• Grant itemization coverage: 100%; rating input score 100; 80th percentile among comparable filings
• Major donor itemization: Yes; rating input score 100
• Related-party transparency: Limited

Accountability

• Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
• Governance controls: 7 of 7 controls in place; rating input score 100
  • Conflict-of-interest policy: Pass
  • Whistleblower policy: Pass
  • Document-retention policy: Pass
  • CEO compensation review process: NotApplicable
  • Other executive compensation review process: NotApplicable
  • Form 990 shared with the board: Pass
  • Board meeting minutes documented: Pass
  • Audit committee oversight: Pass
  • Independent financial-statement audit: Pass

Sustainability

• Operating margin: -42.4%; rating input score 6; 6th percentile among comparable filings
• Total-asset coverage ratio: 4.41; rating input score 77; 77th percentile among comparable filings
• Liabilities to assets ratio: 0.01; rating input score 47; 47th percentile among comparable filings
• Officer compensation ratio: 0%; rating input score 69; 69th percentile among comparable filings

Growth

• Program expense growth: 1.6% per year; rating input score 100; 38th percentile among comparable filings
• Revenue growth: -2.7% per year; rating input score 0; 15th percentile among comparable filings
• Asset growth: 13.6% per year; rating input score 100; 75th percentile among comparable filings