Overview
What is Local Initiatives Support Corporation?
The Local Initiatives Support Corporation (LISC) is a New York-based nonprofit organization with a team of 830 employees. Their mission is to support community-based organizations in urban and rural areas across the United States in transforming distressed neighborhoods into healthy and sustainable communities of choice and opportunity. LISC provides technical assistance and various program services to help improve the quality of life for historically underserved people and places. Their initiatives focus on promoting safer streets, facilitating economic stability, enhancing health and encouraging healthy lifestyles, and incentivizing change through arts and culture. LISC's projects aim to revitalize communities by addressing issues such as crime, poverty, and lack of access to essential services.
Official website here: www.lisc.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 96% (Four-Star out of Four Stars)
The Local Initiatives Support Corporation (LISC) has achieved a commendable Four-Star rating from Charity Navigator, reflecting its strong performance across multiple evaluation areas. The overall score indicates a robust commitment to accountability and finance, with a significant 92% in that category, alongside perfect scores in impact and measurement, leadership and adaptability, and a strong culture and community presence.
LISC demonstrates a high program expense ratio of 85.42%, which suggests that a substantial portion of its funds is directed towards its mission-related activities. The organization benefits from a largely independent board, with 95% of its members meeting independence criteria, which is conducive to effective governance. Moreover, LISC has implemented several key policies, including conflict of interest and whistleblower policies, ensuring transparency and ethical conduct.
However, while LISC's financial health seems solid, with a low liabilities to assets ratio of 60.34%, the organization must continue to adapt to evolving challenges in the community development sector. Its stated focus on equitable recovery and rebuilding highlights its proactive approach to addressing community needs, but ongoing scrutiny of its impact will be essential for maintaining donor trust and support.
This AI summary has been generated from information found on Charity Navigator.
Is Local Initiatives Support Corporation legitimate?
Local Initiatives Support Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Local Initiatives Support Corporation 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: $14,768,676
Professional Fundraising Fees: $127,300
Other Salaries and Wages: $63,453,002
For more financial information, click here
Official website here: www.lisc.org
What is the mission statement of Local Initiatives Support Corporation?
The Local Initiatives Support Corporation (LISC) is committed to helping community residents transform distressed neighborhoods into healthy and sustainable communities of choice and opportunity. LISC's mission is to assist community-based organizations throughout the country in revitalizing their areas, focusing on promoting safer streets, helping residents achieve economic stability, improving health, and encouraging healthy lifestyles, and incentivizing change through arts and culture. LISC provides technical assistance and other program services to these organizations, enabling them to bring about meaningful change in their neighborhoods.
Official website here: www.lisc.org
Who is the CEO of Local Initiatives Support Corporation?
Alexis Hamilton is the CEO of Local Initiatives Support Corporation The CEO's salary of Local Initiatives Support Corporation is $160,200 and their total compensation is $182,533.
Official website here: www.lisc.org
What is the revenue of Local Initiatives Support Corporation?
Local Initiatives Support Corporation's revenue in 2023 was $373,059,143.
Official website here: www.lisc.org
Who are the executives of Local Initiatives Support Corporation and what are their salaries?
The average compensation at Local Initiatives Support Corporation during 2023 was $89,192. There are 877 employees and 19 volunteers at Local Initiatives Support Corporation.
Here are 74 key members and their salaries (Local Initiatives Support Corporation's CEO's salary is $160,200 and their total compensation is $182,533):
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- Compensation: $160,200
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- Compensation: $134,012
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- Other: $15,167
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- Other: $37,440
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- Other: $81,268
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- Compensation: $216,380
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- Other: $64,143
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- Other: $74,060
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- Other: $61,227
- Compensation: $224,014
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- Other: $50,502
- Compensation: $273,266
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- Other: $33,600
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- Other: $45,413
Official website here: www.lisc.org
Where can I find the form 990 for Local Initiatives Support Corporation?
Local Initiatives Support Corporation's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.lisc.org
Learn more at the official website: www.lisc.org
Mission Statement of Local Initiatives Support Corporation
Local Initiatives Support Corporation (LISC) is a dedicated organization that assists community residents in transforming distressed neighborhoods into healthy and sustainable communities of choice and opportunity. LISC's mission is to help historically underserved people and places improve their quality of life.
In pursuit of this goal, LISC provides technical assistance and program services to community-based organizations throughout the country. These efforts aim to promote safer streets, help residents achieve economic stability, improve health and encourage healthy lifestyles, and incentivize change through arts and culture. By working closely with local partners, LISC strives to create vibrant, diverse, and resilient communities where people want to live, work, and thrive.
LISC's project development and investment initiatives are instrumental in revitalizing distressed neighborhoods. Through strategic partnerships and collaborative efforts, LISC fosters community-driven solutions that address the unique challenges and opportunities of each neighborhood. By focusing on long-term, sustainable change, LISC empowers communities to take control of their future and build a brighter tomorrow.
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Impact
October, 2024
The Local Initiatives Support Corporation (LISC) significantly impacts urban and rural areas across the U.S. by empowering historically underserved communities to enhance their quality of life. Through project development and investment, LISC offers technical assistance and various program services to community-based organizations.
These efforts facilitate the transformation of neighborhoods into healthy and sustainable locales where residents can thrive. Key initiatives include promoting safer streets, supporting residents in achieving economic stability, and improving health by encouraging healthier lifestyles. Additionally, LISC incentivizes positive change through arts and culture, fostering a vibrant community environment. This holistic approach helps residents cultivate a sense of choice and opportunity in their lives, ultimately contributing to the revitalization of distressed areas.
This information is meant to be a general summary of Local Initiatives Support Corporation. 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 2023.
- Investment Income: $7,930,524
- Program Service Revenue: $111,047,751
- Gross Receipts: $496,002,870
Assets and Liabilities:
- Total Assets: $1,383,146,715
- Total Liabilities: $834,650,375
- Net Assets: $548,496,340
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
INTEREST INC. ON LOANS
Revenue
$38,323,284
CONSULTING
Revenue
$29,029,458
COMMUNITY DEV. FEES
Revenue
$20,619,610
EQUITY IN AFFIL./FUNDS
Revenue
$19,799,744
MANAGEMENT FEE
Revenue
$1,979,813
Organization Details
Founding Year
1979
Principal Officer
Michael Pugh
Website
www.lisc.orgNTEE Category
Code: S200 - Community improvement
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