Overview
What is Act Lawrence Inc?
Act Lawrence Inc is a nonprofit organization situated in Lawrence, Massachusetts, specifically at 15 UNION ST 4th Floor Suite 401. Committed to social and economic justice, they strive to empower low to moderate income populations by advocating self-determination and providing community development initiatives. Their programs include affordable housing, financial coaching, and youth leadership programs. They also educate individuals on financial literacy, aid in foreclosure prevention, and guide first-time home buyers. Furthermore, they foster the development of new youth leaders, promoting inclusiveness and collaboration in their mission. With a team of 14 dedicated individuals, Act Lawrence Inc empowers their community and strives to reclaim a voice for Lawrence's residents.
Official website here: www.actlawrence.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 69%, Two-Star out of Four Stars
Act Lawrence Inc has received a moderate rating of 69%, indicating some areas of strength as well as notable limitations. The organization boasts a perfect score regarding the independence of its board members and has no recorded material diversion of assets, showcasing strong governance practices. However, the absence of a conflict of interest policy has affected its accountability and finance score, contributing to its overall two-star rating.
The charity's culture and community score is relatively high at 77, reflecting its engagement and commitment to the community it serves. Additionally, the organization demonstrates good practices in terms of document retention and adherence to policies such as whistleblowing. However, the program expense ratio stands at 52.14%, which suggests that a significant portion of the budget may not be directed towards direct program services.
Overall, while Act Lawrence Inc shows promise in governance and community engagement, the lack of certain policies and a modest program expense ratio are areas that may require improvement to enhance its effectiveness and rating in the future.
This AI summary has been generated from information found on Charity Navigator.
Is Act Lawrence Inc legitimate?
Act Lawrence Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Act Lawrence Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $240,347
For more financial information, click here
Official website here: www.actlawrence.org
What is the mission statement of Act Lawrence Inc?
Act Lawrence Inc's mission is centered around achieving social and economic justice. The organization aims to empower low to moderate income populations by fostering a sense of inclusiveness and collaboration. Their primary goal is to give these communities a voice and promote self-determination. They accomplish this through various community development initiatives, such as affordable housing programs, financial coaching, and leadership opportunities for youth.
Official website here: www.actlawrence.org
Who is the CEO of Act Lawrence Inc?
Erika Hernandez is the Director of Act Lawrence Inc.
Official website here: www.actlawrence.org
What is the revenue of Act Lawrence Inc?
Act Lawrence Inc's revenue in 2022 was $472,723.
Official website here: www.actlawrence.org
Who are the executives of Act Lawrence Inc and what are their salaries?
The average compensation at Act Lawrence Inc during 2022 was $17,168. There are 14 employees and 45 volunteers at Act Lawrence Inc.
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Official website here: www.actlawrence.org
Where can I find the form 990 for Act Lawrence Inc?
Act Lawrence Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.actlawrence.org
Learn more at the official website: www.actlawrence.org
Mission Statement of Act Lawrence Inc
Act Lawrence Inc, a nonprofit organization, is committed to achieving social and economic justice by empowering low to moderate income populations in Lawrence, MA. They uphold shared values of inclusiveness and collaboration, aiming to reclaim a voice for the community and advocate for self-determination for its residents. Act Lawrence Inc accomplishes this mission through community development initiatives, such as providing affordable housing, financial coaching, and youth leadership programs. These initiatives are designed to uplift the community and offer opportunities for growth and improvement.
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Impact
July, 2024
Act Lawrence Inc has made a significant impact in Lawrence, MA by working to achieve social and economic justice for low to moderate income populations. Through their community development initiatives such as affordable housing, financial coaching, and youth leadership programs, the organization has empowered residents to reclaim a voice in their community and advocate for self-determination. By assisting low-income families with various programs, educating individuals on financial literacy, counseling on foreclosure prevention, and supporting first-time home buyers, Act Lawrence Inc has played a crucial role in improving the lives of residents in Lawrence. Their efforts have not only provided essential resources and support but have also fostered inclusiveness and collaboration to create a more vibrant and equitable community.
This information is meant to be a general summary of Act Lawrence Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $46
- Program Service Revenue: $17,400
- Gross Receipts: $472,723
Assets and Liabilities:
- Total Assets: $424,294
- Total Liabilities: $12,318
- Net Assets: $411,976
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
PROGRAM FEES
Revenue
$17,400
Organization Details
Founding Year
1996
Phone
(978) 685-6274Principal Officer
Erika Hernandez
Main Address
15 UNION ST 4TH FLOOR SUITE 401, LAWRENCE, MA, 01840
Website
www.actlawrence.orgNTEE Category
Code: S80 - Community improvement
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