Wiseheart Foundation Inc

What it reported doing in 2024

The wiseheart foundation's focus is to partner with or come alongside well operated and vetted god-honoring charities, ministry groups and other organizations to assist them with resources, strategies and funding to help them fulfill their mission or purpose. We work diligently to connect our donors with these ministries and/or other organizations and help them be empowered in their work. Wiseheart works continually to minimize the operational costs of the foundation to maximize the funding ability in support of these charities. Funding of operations comes from a 1% annual fee charged against all donor advised funds. Oversight and approval of all fund charges as well as grants given is under the guidelines established for such purposes and approved by the board of directors. Management costs are kept to a minimum to maximize the ability of our donors to give to effective ministry causes and are always transparent. Wiseheart stands in the gap between donors and ministries or organizations to help donors make more effective contributions and accomplish their philanthropic goals.we understand that many donors are not satisfied with their charitable giving and feel unsure whether or not their donation is making a difference. We understand that it is difficult for many to know if a particular ministry is doing valid work. Wiseheart exists to provide donors with strategic giving options to trust that their contributions are effective and used faithfully. Wiseheart aspires to help the donor give generously and effectively to an organization or god-honoring cause for which they have a passion. We want to help our donors: *design a giving strategy to maximize charitable gifts aligned with their passion

Financial Efficiency

• Mission deployment rate: 70.9%; rating input score 71
• Program expense ratio: 89.8%; rating input score 90
• Fundraising efficiency: $44 raised per $1 spent on fundraising; rating input score 74; 74th percentile among comparable filings

Transparency & Controls

• Consistency checks: 92.3%; rating input score 92; 22nd percentile among comparable filings
• Pay-setting controls: 1 of 6 controls in place; rating input score 17
  • Compensation committee: Missing
  • Independent consultant: Missing
  • Other Form 990s reviewed: Missing
  • Written employment contract: Missing
  • Compensation survey or study: Missing
  • Board or committee approval: Pass
• Foreign activity oversight: Limited
• Grant itemization coverage: Limited
• Major donor itemization: Yes; rating input score 100
• Related-party transparency: Limited

Accountability

• Independent voting board: 85.7%; rating input score 86; 23rd percentile among comparable filings
• Governance controls: 3 of 8 controls in place; rating input score 38
  • Conflict-of-interest policy: Pass
  • Whistleblower policy: Fail
  • Document-retention policy: Fail
  • CEO compensation review process: NotApplicable
  • Other executive compensation review process: Fail
  • Form 990 shared with the board: Pass
  • Board meeting minutes documented: Pass
  • Audit committee oversight: Missing
  • Independent financial-statement audit: Fail

Sustainability

• Operating margin: 22.7%; rating input score 76; 76th percentile among comparable filings
• Total-asset coverage ratio: 1.04; rating input score 42; 42nd percentile among comparable filings
• Liabilities to assets ratio: 0; rating input score 80; 80th percentile among comparable filings
• Officer compensation ratio: 57.4%; rating input score 3; 3rd percentile among comparable filings

Growth

• Program expense growth: 10.8% per year; rating input score 100; 72nd percentile among comparable filings
• Revenue growth: -0.1% per year; rating input score 0; 23rd percentile among comparable filings
• Asset growth: 1.8% per year; rating input score 100; 32nd percentile among comparable filings