Overview
What is Lithuanian Educational Assistance And Relief Fund Inc?
The Lithuanian Educational Assistance and Relief Fund is a nonprofit organization situated in South Orange, New Jersey. Its primary objective is to support individuals of all ages by offering educational scholarships. Beyond academic assistance, the organization extends its aid to provide essential necessities such as food, clothing, shelter, and medical attention to its scholars. This multifaceted support system aims to empower and uplift individuals in need.
What are the reviews and ratings of this charity?
Charity Navigator Rating: Needs Improvement (70%)
The Lithuanian Educational Assistance And Relief Fund Inc has received a two-star rating from Charity Navigator, indicating that it has areas needing improvement. Despite excelling in accountability and finance with a perfect score, the organization falls short in governance policies, which are crucial for transparency and trust. The absence of a conflict of interest policy, whistleblower policy, and document retention policy significantly impacts its overall rating.
Strengths of the organization include a high program expense ratio of 98.97%, showcasing that most of its resources are directed towards its educational initiatives. Additionally, it has a strong score for majority independent board members and an excellent liabilities to assets ratio, suggesting solid financial management and a commitment to accountability.
However, the missing governance policies and lack of publicly available documentation, such as board meeting minutes and tax forms, raise concerns about the organization’s operational transparency. Addressing these shortcomings could improve its standing and foster greater trust among donors and beneficiaries.
This AI summary has been generated from information found on Charity Navigator.
Is Lithuanian Educational Assistance And Relief Fund Inc legitimate?
Lithuanian Educational Assistance And Relief Fund Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Lithuanian Educational Assistance And Relief Fund 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: $0
For more financial information, click here
What is the mission statement of Lithuanian Educational Assistance And Relief Fund Inc?
The Lithuanian Educational Assistance and Relief Fund is committed to helping individuals of all ages by extending educational scholarships. Beyond academic support, the organization also provides essentials such as food, clothing, shelter, and medical attention to its scholarship recipients. The mission of this organization is to empower its scholars and contribute to their overall well-being, ensuring they have the necessary resources to thrive.
Who is the CEO of Lithuanian Educational Assistance And Relief Fund Inc?
Rozalija Somkaite is the President of Lithuanian Educational Assistance And Relief Fund Inc.
What is the revenue of Lithuanian Educational Assistance And Relief Fund Inc?
Lithuanian Educational Assistance And Relief Fund Inc's revenue in 2022 was $87,077.
Who are the executives of Lithuanian Educational Assistance And Relief Fund Inc and what are their salaries?
Here are 3 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Lithuanian Educational Assistance And Relief Fund Inc?
Lithuanian Educational Assistance And Relief Fund Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Lithuanian Educational Assistance And Relief Fund Inc
The Lithuanian Educational Assistance and Relief Fund is an organization dedicated to helping individuals of all ages by offering educational scholarships. Beyond academic assistance, this nonprofit extends its support to scholars by providing essentials such as food, clothing, shelter, and medical attention. The mission of this organization is to empower and uplift individuals, ensuring they have access to the necessary resources to pursue their education and improve their overall well-being.
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
October, 2024
The Lithuanian Educational Assistance and Relief Fund Inc significantly impacts the community by providing critical support to individuals of all ages through educational scholarships. These scholarships empower recipients to pursue their academic goals and improve their future prospects, fostering personal and professional development.
In addition to educational support, the organization addresses essential needs such as food, clothing, shelter, and medical attention for its scholars. This holistic approach not only alleviates immediate hardships but also creates a nurturing environment that enables individuals to focus on their studies and personal growth. By ensuring that scholars have the necessary resources to thrive, the fund plays a pivotal role in enhancing the overall quality of life for its beneficiaries.
Operating from South Orange, NJ, the organization serves as a vital resource in the community, promoting education and well-being while fostering a sense of support and solidarity among its members. Through these initiatives, it helps to break down barriers to education and improves access to essential services, demonstrating a profound commitment to uplifting individuals and families in need.
This information is meant to be a general summary of Lithuanian Educational Assistance And Relief Fund 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: $366
- Gross Receipts: $87,077
Assets and Liabilities:
- Total Assets: $303,997
- Total Liabilities: $0
- Net Assets: $303,997
Want to help this charity, for free? You can click here to learn more about Give Freely
Organization Details
Founding Year
2004
Phone
(973) 763-7622Principal Officer
Rozalija Somkaite
Main Address
386 HILLSIDE PLACE, SOUTH ORANGE, NJ, 070792903
NTEE Category
Code: B82 - Education
If you are a representative of Lithuanian Educational Assistance And Relief Fund 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.