Overview
What is Lauri Strauss Leukemia Foundation Inc?
Lauri Strauss Leukemia Foundation Inc, situated in Port Washington, New York, is a dedicated nonprofit organization with a mission to combat leukemia. They accomplish this by providing financial support and honoraria to individual researchers at esteemed medical institutions. This financial aid empowers these researchers to conduct groundbreaking studies in the field of leukemia, bringing us closer to potential cures. Furthermore, the foundation supports bone marrow donor drives and enriches the scientific community by underwriting lectures focused on the progress in these areas.
Official website here: www.lslf.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 36%, Zero-Star out of Four Star Rating.
The Lauri Strauss Leukemia Foundation Inc has received a low score of 36%, indicating significant concerns regarding its financial accountability and transparency. The rating is primarily based on the Accountability & Finance metrics, where the charity scored well in areas such as having a majority of independent board members and no material diversion of assets. However, the absence of crucial policies like conflict of interest and whistleblower protections has led to a negative assessment.
While it has a solid independent board and appropriate documentation of board meeting minutes, the foundation's financial health raises red flags. The liabilities to assets ratio is notably high at 3.58%, and the program expense ratio of 46.57% suggests that less than half of its expenditures are directed towards its programs. This combination of factors contributes to the charity's overall low rating and highlights the need for improvement in its operational practices.
This AI summary has been generated from information found on Charity Navigator.
Is Lauri Strauss Leukemia Foundation Inc legitimate?
Lauri Strauss Leukemia Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Lauri Strauss Leukemia 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.
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Official website here: www.lslf.org
What is the mission statement of Lauri Strauss Leukemia Foundation Inc?
The Lauri Strauss Leukemia Foundation Inc is committed to finding a cure for leukemia and supports bone marrow donor drives. They achieve this by funding and providing grants and honorariums to individual researchers at medical institutions. In addition, the foundation underwrites lectures related to the work being performed in these areas. The primary goal of the Lauri Strauss Leukemia Foundation Inc is to contribute to the advancement of leukemia research and support the efforts of dedicated researchers in their quest for a cure.
Official website here: www.lslf.org
Who is the CEO of Lauri Strauss Leukemia Foundation Inc?
Evelyn I Strauss is the President of Lauri Strauss Leukemia Foundation Inc.
Official website here: www.lslf.org
What is the revenue of Lauri Strauss Leukemia Foundation Inc?
Lauri Strauss Leukemia Foundation Inc's revenue in 2022 was $57,126.
Official website here: www.lslf.org
Who are the executives of Lauri Strauss Leukemia Foundation Inc and what are their salaries?
There 40 volunteers at Lauri Strauss Leukemia Foundation Inc.
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Official website here: www.lslf.org
Where can I find the form 990 for Lauri Strauss Leukemia Foundation Inc?
Lauri Strauss Leukemia Foundation Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.lslf.org
Learn more at the official website: www.lslf.org
Mission Statement of Lauri Strauss Leukemia Foundation Inc
The Lauri Strauss Leukemia Foundation Inc is committed to finding a cure for leukemia and supporting bone marrow donor drives. They achieve this mission by funding and providing grants and honorariums to individual researchers at medical institutions. In addition, the foundation underwrites lectures related to the work being conducted in these areas. By investing in the research and education of medical professionals, the Lauri Strauss Leukemia Foundation Inc is making significant strides towards eradicating leukemia and improving the lives of those affected by the disease. The foundation's commitment to funding research and providing resources to medical institutions demonstrates its dedication to finding a cure and supporting the advancement of medical knowledge in the field of leukemia and bone marrow donation.
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Impact
August, 2024
The Lauri Strauss Leukemia Foundation Inc's impact lies in its dedication to finding a cure for leukemia and supporting bone marrow donor drives. The foundation achieves this by funding and providing grants and honorariums to individual researchers at medical institutions. Additionally, they underwrite lectures related to the work being performed in these critical areas. Through these efforts, the foundation directly contributes to advancing medical research focused on leukemia and supporting initiatives that aim to improve patient outcomes and quality of life.
This information is meant to be a general summary of Lauri Strauss Leukemia 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: $57
- Gross Receipts: $88,366
Assets and Liabilities:
- Total Assets: $313,722
- Total Liabilities: $11,250
- Net Assets: $302,472
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Organization Details
Founding Year
1987
Phone
(516) 767-1418Principal Officer
Evelyn I Strauss
Main Address
382 MAIN STREET, PORT WASHINGTON, NY, 11050
Website
www.lslf.orgNTEE Category
Code: H31J - Medical research
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