The Hrts Foundation

Nonprofit profile at a glance

EIN
881653141
IRS 990-EZ coverage
2022–2024
Forms available
Form 990-EZ 2024
Location
Studio City, CA, USA
Phone
8187891182
Rating confidence
Limited
Sector
Professional Societies, Associations

Official website

Reported finances

Revenue
$-94,216
Expenses
$7,845
Assets
$6,082
Liabilities
$33,006

Source: IRS Form 990-EZ. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

15 people listed

Executive titles in this filing

  • PHILIPPE MAIGRET (PRESIDENT)

People named in this filing

  • PHILIPPE MAIGRET (PRESIDENT)
  • MELISSA GREGO (CHAIRPERSON)
  • ROBIN SCHWARTZ (SECRETARY)

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

In support of the hrts foundations mission to foster a more diverse, equitable, and inclusive tv and entertainment industry, the hrts fellowship program is designed to help launch the careers of 10 jhrts members and 5 academic members who stand to make great contributions to hrts and the industry. Participants are paired with a career advisor and receive a guaranteed pairing in the hrts mentorship program. It is in its third year.

What it reported doing in 2024

Completed the second year of our fellowship program. Fifteen participants successfully matriculated from the program.

Operating model

Revenue model
No positive adjusted resources. The filing reports no positive adjusted operating resources.
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

- The available evidence is not sufficient to produce an overall rating for this filing. This is not a warning sign.

Rating breakdown

  • Financial Efficiency: 72
  • Transparency & Controls: 100
  • Sustainability: 22
  • Growth: 40

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: Limited
  • Program expense ratio: 71.8%; rating input score 72

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: -108.3%; rating input score 7; 7th percentile among comparable filings
  • Total-asset coverage ratio: 0.78; rating input score 40; 40th percentile among comparable filings
  • Liabilities to assets ratio: 5.43; rating input score 2; 2nd percentile among comparable filings
  • Officer compensation ratio: 0%; rating input score 56; 56th percentile among comparable filings

Growth

  • Program expense growth: 39% per year; rating input score 100; 90th percentile among comparable filings
  • Revenue growth: -780.7% per year; rating input score 0; 0th percentile among comparable filings
  • Asset growth: -57.9% per year; rating input score 0; 3rd percentile among comparable filings

Details

  • Where the money goes: 71.8% of spending went to programs
  • Governance: Filed governance answers
  • Accomplishments: 1 filed program accomplishment · $6K in reported program spending
  • Leadership: top reported pay $0 · 15 people listed
  • Consistency: 7 of 7 current checks pass
  • Schedules: 4 filed schedules
  • Filing history: 3 filing years from 2022 to 2024
  • Contacts: How to reach this organization
  • 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 — Sustainability: Operating margin scored 7/100.
  • High — Growth: Revenue growth scored 0/100.
  • High — Growth: Asset growth scored 0/100.
  • Moderate — Sustainability: Total-asset coverage ratio scored 40/100.
  • High — Sustainability: Liabilities to assets ratio scored 2/100.
  • Review — Sustainability: Officer compensation ratio scored 56/100.