Overview
What is Lighthouse Therapeutic Foster Care?
Lighthouse Therapeutic Foster Care is a dedicated foster care organization, spearheaded by Monty Chancy. As a nonprofit entity, it reported an annual revenue of $1,240,403. Although the specific activities or mission details are not disclosed in the provided information, it is evident that Lighthouse Therapeutic Foster Care plays a significant role in providing foster care services, contributing positively to the well-being of children and families in need.
Official website here: www.lighthousetfc.org
What are the reviews and ratings of this charity?
Rating from Charity Navigator: 69% (Two-Star out of Four Star rating)
Lighthouse Therapeutic Foster Care has received a Two-Star rating from Charity Navigator, indicating a moderate level of accountability and financial health. The organization boasts a perfect score for its independent board composition and has no reported diversion of assets. However, the absence of key policies such as a conflict of interest policy, a whistleblower policy, and a document retention and destruction policy raises concerns about governance practices.
The organization's financial ratios reflect a strong commitment to program expenses, with 100% of its expenditures directed towards its programs. Additionally, the liabilities to assets ratio stands at 41.96%, suggesting a manageable level of debt relative to its assets. These financial indicators showcase the organization's ability to effectively utilize its resources, which is a significant strength.
Despite these positive financial metrics, the governance issues highlighted by the lack of essential policies could impact stakeholder trust. Addressing these shortcomings in governance practices could help enhance the organization's overall rating and effectiveness in serving its mission.
This AI summary has been generated from information found on Charity Navigator.
Is Lighthouse Therapeutic Foster Care legitimate?
Lighthouse Therapeutic Foster Care is a legitimate nonprofit organization registered as a 501(c)(3) entity. Lighthouse Therapeutic Foster Care 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: $163,165
Professional Fundraising Fees: $0
Other Salaries and Wages: $229,423
For more financial information, click here
Official website here: www.lighthousetfc.org
What is the mission statement of Lighthouse Therapeutic Foster Care?
Lighthouse Therapeutic Foster Care, as a foster care organization, is dedicated to its operational activities, led by its head. However, the mission statement of the organization is not provided in the given information. As such, it remains uncertain what specific goals or objectives Lighthouse Therapeutic Foster Care aims to achieve in its foster care services.
Official website here: www.lighthousetfc.org
Who is the CEO of Lighthouse Therapeutic Foster Care?
Monty Chancy is the Business Director of Lighthouse Therapeutic Foster Care.
Official website here: www.lighthousetfc.org
What is the revenue of Lighthouse Therapeutic Foster Care?
Lighthouse Therapeutic Foster Care's revenue in 2023 was $1,240,403.
Official website here: www.lighthousetfc.org
Who are the executives of Lighthouse Therapeutic Foster Care and what are their salaries?
The average compensation at Lighthouse Therapeutic Foster Care during 2023 was $39,259. There are 10 employees at Lighthouse Therapeutic Foster Care.
Here are 4 key members and their salaries:
- Compensation: $46,415
- Related: $0
- Other: $0
- Compensation: $40,250
- Related: $0
- Other: $0
- Compensation: $38,250
- Related: $0
- Other: $0
- Compensation: $38,250
- Related: $0
- Other: $0
Official website here: www.lighthousetfc.org
Where can I find the form 990 for Lighthouse Therapeutic Foster Care?
Lighthouse Therapeutic Foster Care's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.lighthousetfc.org
Learn more at the official website: www.lighthousetfc.org
Mission Statement of Lighthouse Therapeutic Foster Care
Lighthouse Therapeutic Foster Care, a foster care organization, is led by Monty Chancy and focuses on providing care for children in need of foster homes. Last year, the organization reported a total revenue of $1,240,403, showcasing its operational capabilities and commitment to its mission. However, the specifics of its mission or activities were not provided in the information. As such, this summary is based on the general understanding of a foster care organization's role, which is to provide a safe and supportive environment for children who cannot live with their biological families. Lighthouse Therapeutic Foster Care likely works towards this goal by recruiting, training, and supporting foster families, as well as ensuring the well-being and development of the children in their care. However, without more specific information, the details of Lighthouse Therapeutic Foster Care's mission and activities remain unclear.
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Impact
August, 2024
Lighthouse Therapeutic Foster Care provides essential support and care to foster children in need, making a significant impact on their lives. Through their services, children are given a safe and nurturing environment in which they can thrive and grow. The organization plays a crucial role in ensuring that these vulnerable children have the opportunity to reach their full potential and overcome the challenges they face. Lighthouse Therapeutic Foster Care's dedication to improving the lives of foster children has a lasting and meaningful impact on the community as a whole.
This information is meant to be a general summary of Lighthouse Therapeutic Foster Care. 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.
- Gross Receipts: $1,240,403
Assets and Liabilities:
- Total Assets: $217,407
- Total Liabilities: $91,241
- Net Assets: $126,166
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Organization Details
Founding Year
2004
Principal Officer
Monty Chancy
Main Address
35 MOUNTAIN STREET, RINGGOLD, GA, 307362045
Website
www.lighthousetfc.orgNTEE Category
Code: P32 - Human services
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