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International : Development and Relief Services (Grantmaking)

Happy Hearts Fund

Rebuilding safe, resilient schools in areas impacted by natural disasters.

four stars

91.28

P.O. Box 725 New York, NY 10014
tel: (212) 488-2602   Web Site
EIN: 20-5072728

Board Leadership
David Hryck
Chair

CEO
Olga Ruggiero
Executive Director

  Score
(out of 100)
Rating
Overall Score & Rating 91.28 four stars
  Financial 87.68 three stars
  Accountability & Transparency 100.00 four stars
This rating was published 10/01/2016 and includes data from FY2015, the most recent 990 received at that time.

Learn more about how we calculate the overall score and rating.

Financial

three stars

87.68

Accountability & Transparency

four stars

100.00

This rating was published 10/01/2016 and includes data from FY2015, the most recent 990 received at that time.
Overall Rating Chart
  Program Expenses
(Percent of the charity's total expenses spent on the programs
and services it delivers)
76.9%
  Administrative Expenses 9.0%
  Fundraising Expenses 14.0%
  Fundraising Efficiency $0.15
  Working Capital Ratio (years) 0.70
  Program Expenses Growth 11.3%
  Liabilities to Assets 7.3%
All data for Financial Performance Metrics calculations was provided by Happy Hearts Fund on recent 990s filed with the IRS.
All data for Financial Performance Metrics calculations was provided by Happy Hearts Fund on recent 990s filed with the IRS.

Highly Rated

Charity Name & State Overall Score Overall Rating
Happy Hearts Fund (NY) 91.28 four stars
The Armenian EyeCare Project (CA) 97.48 four stars
World Pediatric Project (VA) 87.93 three stars
The Joshua Fund (VA) 90.73 four stars
Grassroot Soccer (VT) 92.28 four stars

Compare These Charities (Highly Rated)

Founded in 2006, Happy Hearts Fund (HHF) rebuilds safe, resilient schools in areas impacted by natural disasters. We work during the gap period when children are forgotten after emergency response is complete, bringing hope and empowerment to generations of children and entire communities.

Happy Hearts Fund was created by Petra Nemcová as a response to the devastating effects of the 2004 Indian Ocean Tsunami. Globally, HHF is active in 10 countries and has rebuilt 162 schools and kindergartens. Since inception our programs have benefited more than 99,500 children and 613,000 community members.

REVENUE  
Contributions  
   Contributions, Gifts & Grants $1,918,430
   Federated Campaigns $0
   Membership Dues $0
   Fundraising Events $0
   Related Organizations $0
   Government Grants $0
Total Contributions $1,918,430
   Program Service Revenue $0
Total Primary Revenue $1,918,430
   Other Revenue $2,848
TOTAL REVENUE $1,921,278
   
EXPENSES  
   Program Expenses $2,500,374
   Administrative Expenses $282,741
   Fundraising Expenses $224,235
TOTAL FUNCTIONAL EXPENSES $3,007,350
   
Payments to Affiliates $0
Excess (or Deficit) for the year $-1,086,072
   
Net Assets $2,018,681

Program names and associated costs are listed for the top programs as reported on the charity's most recently filed Form 990. The top programs displayed will include the largest three programs, or those programs covering at least 60% of the charity's total expenses, whichever comes first.

Program Name Amount Spent % of Program Expenses
Finding to Rebuild Schools after Earthquake- Haiti $838,357 33.5%
Funding to Rebuild Schools after Earthquake and Flooding- Indonesia $400,472 16.0%
Funding to Rebuild Schools after Typhoon- Philippines $370,359 14.8%

Ratings History
Happy Hearts Fund has received 2 consecutive 4-star ratings from Charity Navigator.

Form 990 FYE Date Published Overall Score Overall Rating
CN 2.1
2015-06 10/01/2016 91.28 four stars
2014-06 09/01/2016 90.24 four stars
2014-06 06/01/2016 89.08 three stars
 
CN 2.0
2014-06 07/01/2015 91.44 four stars
2013-06 10/01/2014 90.31 four stars

The data displayed on this tab is provided by the IRS in the form of Publication 78 and the Business Master File (BMF).

EIN 20-5072728
Name in IRS Master File HAPPY HEARTS FUND INC
NTEE Code Q30
NTEE Classification International Development, Relief Services
NTEE Type International, Foreign Affairs and National Security
Classification Charitable Organization
Subsection 501(c)(3)  (View the list of codes)
Activities
Foundation Status Organization which receives a substantial part of its support from a governmental unit or the general public   170(b)(1)(A)(vi)
Deductibility Contributions are deductible
Affiliation Independent - the organization is an independent organization or an independent auxiliary (i.e., not affiliated with a National, Regional, or Geographic grouping of organizations).
Group Name [Not Applicable]
Ruling Date November, 2006
Filing Requirement 990 (all other) or 990EZ return
Fiscal Year End June
IRS Forms 990
(provided courtesy of Foundation Center)
(Log In or Register Now to View Forms 990!)
  • June, 2016
  • June, 2015
  • June, 2014
  • June, 2013
  • June, 2012

The data displayed in this profile is provided by the IRS for free in the form of Publication 78 and the Business Master File (BMF).

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Compensation % of Expenses Paid to Title
$73,621 2.44% Olga Ruggiero Executive Director
Other Salaries of Note
$117,000 3.89% Sue Veres Royal Former Executive Director

Founded in 2006, Happy Hearts Fund (HHF) rebuilds safe, resilient schools in areas impacted by natural disasters. We work during the gap period when children are forgotten after emergency response is complete, bringing hope and empowerment to generations of children and entire communities.

Happy Hearts Fund was created by Petra Nemcová as a response to the devastating effects of the 2004 Indian Ocean Tsunami. Globally, HHF is active in 10 countries and has rebuilt 162 schools and kindergartens. Since inception our programs have benefited more than 99,500 children and 613,000 community members.

Highly Rated

Charity Name & State Overall Score Overall Rating
Happy Hearts Fund (NY) 91.28 four stars
Himalayan Cataract Project (VT) 97.17 four stars
Touch Foundation (NY) 92.36 four stars
Hands Together (MA) 95.70 four stars
Rise Against Hunger (NC) 92.92 four stars

Compare These Charities (Highly Rated)

This charity has an official representative registered with Charity Navigator.

Charity Contact Info

Happy Hearts Fund
P.O. Box 725
New York, NY 10014
tel: (212) 488-2602
fax: (646) 417-7268
EIN: 20-5072728

Visit Web Site

Board Leadership

David Hryck
Chair

CEO

Olga Ruggiero
Executive Director

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