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TOM HAGGAI & ASSOCIATES FOUNDATION C/O WELLS FARGO BANK

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Public IRS 990 nonprofit record

TOM HAGGAI & ASSOCIATES FOUNDATION C/O WELLS FARGO BANK

EIN 56-0794896

What they do

THE FOUNDATION PROVIDES SCHOLARSHIPS to NONTRADITIONAL STUDENTS IN THEIR PURSUIT of A DEGREE QUALIFYING THEM to TEACH STUDENTS IN EARLY CHILDHOOD THROUGH GRADE SIX. THE FOUNDATION CURRENTLY PARTNERS WITH SIX PUBLIC UNIVERSITIES to PROVIDE SUCH SCHOLARSHIPS: TEXAS A&M UNIVERSITY, THE UNIVERSITY of NORTH CAROLINA AT GREENSBORO, FLORIDA GULF COAST UNIVERSITY, GEORGE MASON UNIVERSITY, MIAMI UNIVERSITY, and WINTHROP UNIVERSITY.

Before you give

Should I give to this charity?

Easy charity check
Look at where the money went

Of every $100 spent, about $96.90 was reported for mission work. Use the spending picture below and ask what results that work produced.

Plain answer: A tax form cannot prove that a charity is doing good. It can show how the charity says it spent its money—and point out questions you should ask.

Basic facts we verified

IRS warning checkNo IRS revocation warning appears in this data.

Money report from 2016The report may be old. Ask for a newer one.

They explain their jobThe charity tells us what it is trying to do.

They name their leaders15 people are listed in the latest report.

You can reach themThey list contact information, so you can ask questions.

Money made simple

735.47%of revenue went to mission work96.9% of expenses · Program services
$759.05spent for every $100 of revenueSpending was higher than revenue this year.
23.58%of revenue went to management and office costs3.1% of expenses

Ask these three easy questions

  1. Who did you help? Ask for a recent story or report that shows real results.
  2. What will my money do? Ask exactly what your gift will pay for.
  3. Is this really the charity? Give only through its official website or confirmed phone number.

Worth asking: Expenses exceeded revenue by $2,169,257 this year. Ask whether that was planned or caused by a one-time event.

Pay context: The highest compensation shown in this filing is $70,000 for MARY HELEN POTTS (EXECUTIVE DIRECTOR). Compare pay with organizations of similar size and complexity.

Bottom line: Do not decide from a name, mission statement, or tax status alone. Look at where the money went, then ask what changed, who was helped, and what your gift will do. YouCanGiveBack does not endorse or grade organizations.

Money

Financial picture

Tax year 2016

A plain-language look at the latest Form 990 figures available. These numbers help you ask better questions; they do not, by themselves, rate whether a charity is good or bad.

How each $100 of revenue was used

The large number compares each expense with revenue. The smaller number shows its share of total expenses.

Total reported revenue$329,150
Mission workProgram services$2,420,799735.47% of revenue96.9% of expenses
ManagementOffice and general costs$77,60823.58% of revenue3.1% of expenses
FundraisingAsking for donations0.00% of revenue0.0% of expenses
Total expenses$2,498,407759.05% of revenue

Expenses were greater than revenue, so the colored ring fills the available $100 and the total above 100% is shown below.

Has the pattern changed?

Colored bars = expense mix: how each year’s expenses were divided. Total expenses vs. revenue shows whether the charity spent less or more than it received. The current filing is first.

YearExpense mixDetails
2016CurrentExpense mix: 96.9% mission · 3.1% management · 0.0% fundraisingTotal expenses: 759.05% of revenue
2015Expense mix: 88.1% mission · 11.9% management · 0.0% fundraisingTotal expenses: 120.97% of revenue

Money in and money out

Revenue$329,150
Expenses$2,498,407
Annual shortfall $2,169,257 Expenses were higher than revenue for this filing year.

Reported spending amounts

Mission work means the Form 990 category called program services. These are reported accounting categories—not an independent measurement of results.

Mission work (program services)$2,420,799 · 96.9% of expenses
Management and office costs$77,608 · 3.1% of expenses
See all reported dollar amounts
Revenue$329,150
Expenses$2,498,407
Mission work (program services)$2,420,799
Grants given$262,625
Average grant$52,525
Management and general$77,608
Accounting fees$5,732
People

Leadership and board

Tax year 2016

Names, titles, time, and compensation below are reported by the organization on its Form 990.

People reported as paid

Person and titleCompensation
MARY HELEN POTTSEXECUTIVE DIRECTOR · 30 hrs/week $70,000
MRS JOHN M BELKGOVERNOR · 5 hrs/week $52,500
WELLS FARGOTRUSTEE · 4 hrs/week $20,617

Compensation alone does not tell whether pay is reasonable. Consider the charity’s size, work, location, and results.

See everyone listed on the board or leadership roster (15)

MARY HELEN POTTSEXECUTIVE DIRECTOR

MRS JOHN M BELKGOVERNOR

WELLS FARGOTRUSTEE

A B HENLEYGOVERNOR

CHARLES A GREENECHAIRMAN

EARL L WRIGHTGOVERNOR

EDWARD H COVINGTONGOVERNOR

GREGORY V YORKGOVERNOR

JAMES MARLOWEGOVERNOR

JAMES C COSTONGOVERNOR

KARL S SHEFFIELDGOVERNOR

MRS PALMER GARSONGOVERNOR

MRS ROSEMARY KELLERGOVERNOR

PETER A DOWGOVERNOR

ROBERT J BROWNGOVERNOR

About this charity

Location
IFS TAX SVC 1 W 4TH ST MAC D4000041, WINSTONSALEM, NC 27101
County
Forsyth
In care of
STACEY ASHTON
Primary officer
STACEY ASHTON, FIDUCIARY

How to reach them

Filing and classification

Latest tax year
2016
Tax period began
July 1, 2016
Return type
990
Tax preparer
BERNARD ROBINSON & COMPANY LLP
Grant-giving organization
Yes

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About this report: Information comes from public nonprofit records and may show the latest filing available.

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