Overview
What is Lapeer County Community Foundation?
The Lapeer County Community Foundation is a nonprofit organization situated in Lapeer, Michigan. Their primary mission is to enhance the quality of life in the local community. They achieve this by providing grants to individuals and organizations within Lapeer County. A significant part of their work involves offering college scholarships to students from various high schools in the county, enabling them to pursue higher education goals. The foundation, with a modest workforce of three individuals, is dedicated to bettering the lives of their community members.
Official website here: www.lapeercountycf.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 56%, One-Star out of Four Stars
The Lapeer County Community Foundation has received a One-Star rating from Charity Navigator, indicating significant concerns regarding its financial health and management transparency. While the organization does excel in areas such as having a fully independent board and robust audit practices, it struggles with critical financial metrics. The program expense ratio is notably low, suggesting that less than half of its expenses are being directed towards programs, which raises questions about its operational effectiveness.
Moreover, despite having strong governance policies in place, such as conflict of interest and whistleblower policies, the foundation has failed to post its tax form on its website, which is a transparency issue. Additionally, it has a high liabilities-to-assets ratio, indicating potential financial instability. These aspects contribute to an overall perception that the organization may not be effectively utilizing its resources to fulfill its mission.
In summary, while the Lapeer County Community Foundation demonstrates strong governance practices, its financial management and transparency issues significantly impact its rating. Potential donors and supporters may want to consider these factors when evaluating the foundation's effectiveness and reliability.
This AI summary has been generated from information found on Charity Navigator.
What do the Facebook reviews say about Lapeer County Community Foundation?
With two reviews available on Facebook, the sentiment towards the Lapeer County Community Foundation appears to be positive. One reviewer highlights the foundation as "generous supporters of good work in the Lapeer County," indicating a belief that the organization is making a substantial impact in the community.
Although the number of reviews is limited and no official rating has been established yet, the endorsement reflects a commendable perception of the nonprofit's efforts and contributions. Overall, it seems that the foundation is recognized for its commitment to supporting local initiatives and fostering community betterment.
This AI summary has been generated from reviews found on Facebook.
Is Lapeer County Community Foundation legitimate?
Lapeer County Community Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Lapeer County Community Foundation 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: $79,952
Professional Fundraising Fees: $0
Other Salaries and Wages: $55,540
For more financial information, click here
Official website here: www.lapeercountycf.org
What is the mission statement of Lapeer County Community Foundation?
The Lapeer County Community Foundation's mission is centered around providing grants to individuals and organizations within the county. This is done with the primary objective of enhancing the quality of life in the community. One of their key activities includes offering college scholarships to students from various high schools in Lapeer County, Michigan, enabling these students to pursue their higher education goals and contribute to the betterment of society. By providing these scholarships, the foundation aims to contribute positively to the community's overall development.
Official website here: www.lapeercountycf.org
Who is the CEO of Lapeer County Community Foundation?
Steve Zott is the Chairman of Lapeer County Community Foundation.
Official website here: www.lapeercountycf.org
What is the revenue of Lapeer County Community Foundation?
Lapeer County Community Foundation's revenue in 2022 was $1,769,199.
Official website here: www.lapeercountycf.org
Who are the executives of Lapeer County Community Foundation and what are their salaries?
The average compensation at Lapeer County Community Foundation during 2022 was $45,164. There are 3 employees at Lapeer County Community Foundation.
Here are 14 key members and their salaries:
- Compensation: $81,231
- 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: $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: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.lapeercountycf.org
Where can I find the form 990 for Lapeer County Community Foundation?
Lapeer County Community Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.lapeercountycf.org
Learn more at the official website: www.lapeercountycf.org
Mission Statement of Lapeer County Community Foundation
The Lapeer County Community Foundation, as its mission statement suggests, is dedicated to enhancing the quality of life within the community by providing grants to individuals and organizations. This philanthropic entity is committed to this mission by offering financial aid to various entities in Lapeer County, Michigan. One of the primary ways the foundation achieves this goal is by offering college scholarships to students from various high schools in the county. These scholarships empower these students to pursue their higher education aspirations, thereby contributing to an enhanced quality of life. By providing these educational opportunities, the Lapeer County Community Foundation is playing a crucial role in fostering personal growth and development, ultimately contributing to a more prosperous and vibrant community.
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
August, 2024
The Lapeer County Community Foundation positively impacts the community by providing essential grants to individuals and organizations in Lapeer County. Through their efforts, they support educational advancement by offering college scholarships to students from various high schools in the area, enabling them to reach their higher education goals. By enhancing the quality of life for residents through philanthropic initiatives, the foundation plays a crucial role in fostering growth and opportunity in Lapeer County.
This information is meant to be a general summary of Lapeer County Community Foundation. 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: $285,594
- Gross Receipts: $3,328,347
Assets and Liabilities:
- Total Assets: $12,881,802
- Total Liabilities: $1,315,712
- Net Assets: $11,566,090
Want to help this charity, for free? You can click here to learn more about Give Freely
Organization Details
Founding Year
2004
Phone
(810) 664-0691Principal Officer
Steve Zott
Main Address
235 W NEPESSING ST, LAPEER, MI, 48446
Website
www.lapeercountycf.orgNTEE Category
Code: T31 - Philanthropy
If you are a representative of Lapeer County Community Foundation 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.