Overview
What is Life-Study Fellowship Foundation Inc?
Life-Study Fellowship Foundation Inc is a nonprofit organization dedicated to fostering a more spiritual and prayerful lifestyle among individuals. They achieve this by creating and disseminating motivational literature and materials. Their primary activity involves publishing a faith magazine bi-monthly, which reaches approximately 49,000 people, offering them spiritual guidance and inspiration. The foundation's mission is centered around publishing prayers and uplifting literature.
Official website here: www.lifestudyfellowship.com
What are the reviews and ratings of this charity?
Charity Navigator Rating: 54% (One-Star out of Four Stars)
Life-Study Fellowship Foundation Inc has received a One-Star rating from Charity Navigator, reflecting significant concerns regarding its accountability and financial practices. The organization has a low score of 54 in this area, with critical issues such as a lack of independent board members and missing key policies including conflict of interest and whistleblower protections.
On a positive note, the foundation demonstrates strong program expense management, with 86.29% of its expenses dedicated to program services. Additionally, it has received full marks for its financial statements audit and shows no signs of asset diversion. However, the high liabilities to assets ratio of 502.74% raises concerns about financial stability.
The absence of transparency in governance practices, combined with insufficient independent oversight, presents notable limitations. Without addressing these weaknesses, the foundation may struggle to gain greater trust and support from donors and the community.
This AI summary has been generated from information found on Charity Navigator.
Is Life-Study Fellowship Foundation Inc legitimate?
Life-Study Fellowship Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Life-Study Fellowship Foundation 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: $173,777
Professional Fundraising Fees: $0
Other Salaries and Wages: $466,501
For more financial information, click here
Official website here: www.lifestudyfellowship.com
What is the mission statement of Life-Study Fellowship Foundation Inc?
The Life-Study Fellowship Foundation Inc's mission is centered around inspiring individuals to lead more prayerful and spiritual lives. They accomplish this by preparing, publishing, and distributing inspirational literature and materials. This organization releases a faith magazine on a bi-monthly basis, which has benefited approximately 49,000 individuals. The primary focus of the foundation is to disseminate prayers and inspirational content, serving as a catalyst for personal spiritual growth.
Official website here: www.lifestudyfellowship.com
Who is the CEO of Life-Study Fellowship Foundation Inc?
Michael T Keane is the V.P., Secretary, Director of Life-Study Fellowship Foundation Inc.
Official website here: www.lifestudyfellowship.com
What is the revenue of Life-Study Fellowship Foundation Inc?
Life-Study Fellowship Foundation Inc's revenue in 2022 was $1,106,196.
Official website here: www.lifestudyfellowship.com
Who are the executives of Life-Study Fellowship Foundation Inc and what are their salaries?
The average compensation at Life-Study Fellowship Foundation Inc during 2022 was $33,699. There are 19 employees at Life-Study Fellowship Foundation Inc.
Here are 3 key members and their salaries:
- Compensation: $86,187
- Related: $0
- Other: $0
- Compensation: $85,241
- Related: $0
- Other: $2,349
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.lifestudyfellowship.com
Where can I find the form 990 for Life-Study Fellowship Foundation Inc?
Life-Study Fellowship Foundation Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.lifestudyfellowship.com
Learn more at the official website: www.lifestudyfellowship.com
Mission Statement of Life-Study Fellowship Foundation Inc
The Life-Study Fellowship Foundation, a nonprofit organization, is dedicated to its mission of encouraging individuals to lead more prayerful and spiritual lives. It achieves this mission by preparing, publishing, and distributing a wide range of inspirational literature and materials. This literature serves as a source of motivation and guidance for individuals seeking a deeper connection with their faith.
The foundation's primary activity is the bi-monthly publication of a faith magazine. This publication has reached and benefited approximately 49,000 individuals, providing them with a regular source of spiritual inspiration and guidance. The organization's mission is centered around the publishing of prayers and inspirational literature, which it uses as a tool to help people on their spiritual journeys. By providing these resources, the Life-Study Fellowship Foundation aims to make a positive impact on the lives of those who seek a more prayerful and religious way of life.
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Impact
July, 2024
Life-Study Fellowship Foundation Inc's impact lies in its dedication to publishing prayers and inspirational literature that encourage individuals to embrace a more prayerful and religious way of life. Through its bi-monthly faith magazine and distribution of materials, the organization has reached approximately 49,000 individuals, helping them find spiritual guidance and inspiration. By fostering a deeper connection to faith and prayer, the foundation plays a vital role in supporting individuals on their spiritual journeys.
This information is meant to be a general summary of Life-Study Fellowship Foundation 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: $48
- Gross Receipts: $1,114,014
Assets and Liabilities:
- Total Assets: $163,102
- Total Liabilities: $819,987
- Net Assets: -$656,885
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Organization Details
Founding Year
1980
Phone
(203) 655-1436Principal Officer
Michael T Keane
Main Address
90 HEIGHTS ROAD, DARIEN, CT, 06820
Website
www.lifestudyfellowship.comNTEE Category
Code: X830 - Religion related
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