The Take Heart Project Inc

What it reported doing in 2024

Take heart is dedicated to transforming the lives of over 85 at-rish youth, ranging from ages 12 to 30, within their secondary and university education and personal develoment journeys. Our comrehensive support includes covering tuition, healthcare, monthly living expenses and fostering discipleship. By addressing both short-term and long-term goals, take heart aims to shield these students from the threats of child marriage, sex trafficking crime, suicide and severe poverty. Additionally take heart extends its empowerment efforts to several widows, offering them essential support such as access to vocational training, healthcare and microfinance loans. Many of these widows have children enrolled in our primary education programs, further reinforcing our commitment to uplifiting families. Take heart goes beyond mere assistance; we strive to affirm dignity, provide family care and ensure safe living conditions for those in need. We are currently fundraising for a significant project, including the construction of a school, guest house and house of compassion, totaling a cost of $1 million dollars. Moreover, we have initiated a farming project where we lease land from widows, cultivating sugar cane to generate income that directly benefits these women. As individuals within our program reach self-sufficiency, take heart actively supports their long-term objectives, fostering hope and positive change in their communities, culture and future generations.

Financial Efficiency

• Mission deployment rate: 84.8%; rating input score 85
• Program expense ratio: 74.3%; rating input score 74
• Fundraising efficiency: $27.61 raised per $1 spent on fundraising; rating input score 67; 67th percentile among comparable filings

Transparency & Controls

• Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
• Pay-setting controls: Limited
• Foreign activity oversight: 1 of 8 controls in place; rating input score 12
  • Claims monitoring procedures: Pass
  • Requires narrative reports: Fail
  • Conducts field audits: Fail
  • May suspend future funding: Fail
  • Requires financial reports: Fail
  • Conducts site visits: Fail
  • Requires grant agreements: Fail
  • May require repayment: Fail
• Grant itemization coverage: 50%; rating input score 50; 29th 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: 5 of 7 controls in place; rating input score 71
  • 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: Missing
  • Independent financial-statement audit: Fail

Sustainability

• Operating margin: 9.4%; rating input score 60; 60th percentile among comparable filings
• Total-asset coverage ratio: 0.57; rating input score 26; 26th percentile among comparable filings
• Liabilities to assets ratio: 0.05; rating input score 52; 52nd percentile among comparable filings
• Officer compensation ratio: 0%; rating input score 81; 81st percentile among comparable filings

Growth

• Program expense growth: 13.4% per year; rating input score 100; 72nd percentile among comparable filings
• Revenue growth: 18.6% per year; rating input score 100; 84th percentile among comparable filings
• Asset growth: 21.3% per year; rating input score 100; 83rd percentile among comparable filings