Overview
What is Liberty Foundation Inc?
Liberty Foundation Inc is a nonprofit organization situated in Amsterdam, New York, specifically at 43 Liberty Drive. Their primary mission is to raise and manage funds, primarily benefiting individuals with developmental disabilities. Through their contributions, they help subsidize services that aren't typically covered by program revenue. One of their significant initiatives involves providing grants to Liberty ARC, a related organization, supporting various programs such as Community Connections, Supported Employment, and Residential Programs. These funds improve the quality of life for those with developmental disabilities, offering opportunities for employment, transportation, and personal protective equipment funding. The Liberty Foundation's initiatives contribute to enhancing the livelihoods of those they serve, promoting empowerment and independence.
Official website here: www.libertyarc.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 1 Star (57%)
Liberty Foundation Inc received a One-Star out of Four Star rating from Charity Navigator, indicating significant concerns about its financial accountability and transparency. The organization earned a perfect score for its governance practices, including having a fully independent board and robust policies related to conflicts of interest and whistleblowing. However, its overall score is heavily impacted by financial metrics that fell short, particularly in program expenses and asset management.
The foundation reported a low program expense ratio of 45.41%, which suggests that less than half of its expenditures are directed towards its stated charitable goals. This is a notable weakness, as higher program expenses are typically indicative of better alignment with mission-driven activities. Additionally, the charity has a concerning liabilities-to-assets ratio of 0.03%, raising questions about financial stability and sustainability.
In summary, while Liberty Foundation Inc demonstrates strong governance practices, its financial performance and allocation of resources warrant closer examination. Potential donors and stakeholders should consider these factors when evaluating the organization's overall effectiveness and impact.
This AI summary has been generated from information found on Charity Navigator.
Is Liberty Foundation Inc legitimate?
Liberty Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Liberty 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $56,465
For more financial information, click here
Official website here: www.libertyarc.org
What is the mission statement of Liberty Foundation Inc?
Liberty Foundation Inc's mission is centered around raising and managing funds to support programs that improve the lives of individuals with developmental disabilities. The organization publicly solicits and receives charitable contributions, primarily benefiting these individuals. The funds received aid in covering costs of services not traditionally supported through program revenue. For instance, Liberty Foundation Inc provided grants to Liberty ARC, a related organization, to enhance their community connections, supported employment, residential program, and 'ground level grants'. These initiatives have significantly enhanced the quality of life for the individuals supported by Liberty ARC, offering opportunities for employment and skill development, facilitating transportation to and from work sites, and providing funding for personal protective equipment in their residential and day programs.
Official website here: www.libertyarc.org
Who is the CEO of Liberty Foundation Inc?
Jennifer Saunders is the Ceo of Liberty Foundation Inc. The CEO's salary of Liberty Foundation Inc is $0 and their total compensation is $322,468.
Official website here: www.libertyarc.org
What is the revenue of Liberty Foundation Inc?
Liberty Foundation Inc's revenue in 2022 was $475,806.
Official website here: www.libertyarc.org
Who are the executives of Liberty Foundation Inc and what are their salaries?
There 7 volunteers at Liberty Foundation Inc.
Here are 8 key members and their salaries (Liberty Foundation Inc's CEO's salary is $0 and their total compensation is $322,468):
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $245,074
- Other: $77,394
- Compensation: $0
- Related: $114,897
- Other: $36,284
Official website here: www.libertyarc.org
Where can I find the form 990 for Liberty Foundation Inc?
Liberty Foundation Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.libertyarc.org
Learn more at the official website: www.libertyarc.org
Mission Statement of Liberty Foundation Inc
Liberty Foundation Inc, a charitable organization, is primarily dedicated to raising and managing funds to support programs that enhance the lives of individuals with developmental disabilities. The organization's mission involves publicly soliciting and receiving donations for charitable purposes, with a significant focus on benefiting those with developmental disabilities. The funds received by Liberty Foundation Inc are instrumental in covering the expenses of services that are not typically supported through program revenue.
One of Liberty Foundation Inc's primary objectives is to provide financial assistance to organizations like Liberty ARC, a related 501(c)(3) entity. These grants have been instrumental in enhancing various programs operated by Liberty ARC, such as Community Connections, Supported Employment, Residential Program, and 'Ground Level Grants'. These initiatives have significantly improved the quality of life for individuals with developmental disabilities, offering opportunities for adults to earn income and enhance employment skills, providing transportation to and from work sites, and funding personal protective equipment for residential and day programs.
Shop smarter and support your favorite cause with the Give Freely browser extension. Save money with coupons and donate to charity with a single click. Download now!
Impact
July, 2024
Liberty Foundation Inc's impact is significant in improving the lives of individuals with developmental disabilities. Through raising and managing funds, this organization supports various programs and initiatives that enhance the quality of life for those supported by Liberty ARC. These efforts include providing opportunities for adults with developmental disabilities to earn money, improve their employment skills, offering transportation to work sites, and funding personal protective equipment for residential and day programs. By facilitating these essential services, Liberty Foundation Inc plays a crucial role in promoting inclusion and empowerment for individuals with developmental disabilities in the Amsterdam, NY community and beyond.
This information is meant to be a general summary of Liberty 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: $278,856
- Gross Receipts: $8,352,967
Assets and Liabilities:
- Total Assets: $34,489,715
- Total Liabilities: $11,899
- Net Assets: $34,477,816
Want to help this charity, for free? You can click here to learn more about Give Freely
Organization Details
Founding Year
1992
Phone
(518) 842-5080Principal Officer
Jennifer Saunders
Main Address
43 LIBERTY DRIVE, AMSTERDAM, NY, 12010
Website
www.libertyarc.orgNTEE Category
Code: T00 - Philanthropy
If you are a representative of Liberty Foundation Inc and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.