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Laces Of Love Charitable Foundation

Learn about this cause: What are the reviews? Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 202870936 ✦ Naples, FL ✦ Designated as a 501(c)(3)

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Overview

What is Laces Of Love Charitable Foundation?

Laces of Love Charitable Foundation is a nonprofit organization situated in Naples, Florida, specifically at 1900 Gulf Shore Blvd North 402. Their primary mission is to support low-income and disadvantaged children in the state of Florida by providing them with essentials, primarily new shoes and socks. To achieve this goal, they have distributed 26,575 pairs of new shoes in Lee and Collier counties, Florida, demonstrating their dedication to making a tangible impact on the lives of these children.


Official website here: www.lacesoflove.org

What are the reviews and ratings of this charity?

Charity Navigator Rating: Needs Improvement

Laces Of Love Charitable Foundation has received a two-star rating from Charity Navigator, indicating a need for improvement in financial accountability and transparency. While the organization boasts a strong independent board with all members being independent and a high program expense ratio of 99.94%, it falls short in key areas such as financial statement availability and policy documentation.

The foundation demonstrates good governance practices, evidenced by the absence of any material diversion of assets and a conflict of interest policy being in place. However, the lack of a whistleblower policy and missing information regarding document retention significantly impact its overall accountability score.

Overall, while Laces Of Love Charitable Foundation shows commitment to its programmatic mission, enhancing its financial documentation and policies would increase its credibility and trustworthiness among donors and stakeholders.


This AI summary has been generated from information found on Charity Navigator.

Is Laces Of Love Charitable Foundation legitimate?

Laces Of Love Charitable Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Laces Of Love Charitable 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0

For more financial information, click here


Official website here: www.lacesoflove.org

What is the mission statement of Laces Of Love Charitable Foundation?

The Laces Of Love Charitable Foundation's mission is centered around providing essentials to underprivileged children. Specifically, they aim to distribute new shoes and socks to children in need across Florida. This non-profit organization has shown dedication to this cause, having distributed over 26,500 pairs of new shoes in Lee and Collier Counties, Florida, alone. Their efforts are geared towards improving the lives of low-income and disadvantaged children by providing them with basic necessities.


Official website here: www.lacesoflove.org

Who is the CEO of Laces Of Love Charitable Foundation?

Susan Warren is the Director of Laces Of Love Charitable Foundation.


Official website here: www.lacesoflove.org

What is the revenue of Laces Of Love Charitable Foundation?

Laces Of Love Charitable Foundation's revenue in 2022 was $904,607.


Official website here: www.lacesoflove.org

Who are the executives of Laces Of Love Charitable Foundation and what are their salaries?

There 35 volunteers at Laces Of Love Charitable Foundation.


Here are 15 key members and their salaries:


Carey Brisson (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Ashlie Chapman (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jennifer Herwig (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Donna Karwoski (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Christie Lampe (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Julie Mcleod (Vice Preside)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jeanne Nealon (President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Diane Neglio (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Bette Russo (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Judith Gangi Santos (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Pam Sparks (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Patti Spicer (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Lori Stockham (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Ryan Ulrich (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Susan Warren (Secretary/Tr)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.lacesoflove.org

Where can I find the form 990 for Laces Of Love Charitable Foundation?

Laces Of Love Charitable Foundation's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.lacesoflove.org

Learn more at the official website: www.lacesoflove.org

Mission Statement of Laces Of Love Charitable Foundation

Laces of Love Charitable Foundation is a nonprofit organization dedicated to providing essential support to low-income and disadvantaged children residing in Florida. Their primary mission, as stated, is to distribute new shoes and socks to these children, aiming to alleviate any footwear-related hardships they may be facing. Through their initiatives, they have managed to distribute a substantial number of 26,575 pairs of new shoes in the regions of Lee and Collier Counties within the state of Florida. By doing so, they contribute to the overall well-being and comfort of these vulnerable children, enabling them to participate in various activities with confidence.

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Impact




October, 2024

Laces Of Love Charitable Foundation has made a significant impact by providing new shoes and essential items to low-income and disadvantaged children across Florida. In particular, they have successfully distributed 26,575 pairs of new shoes to children in Lee and Collier Counties. This initiative not only addresses the immediate need for proper footwear but also contributes to the overall well-being and education of these children, empowering them to engage more fully in school and community activities. By ensuring that every child has access to new shoes and socks, Laces Of Love promotes dignity and support, fostering a more equitable environment for youth in need.




This information is meant to be a general summary of Laces Of Love Charitable 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.

Revenue
$904,607 (2022)
Expenses
$903,338 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: -$1,589
  • Gross Receipts: $904,607

Assets and Liabilities:

  • Total Assets: $327,754
  • Total Liabilities: $0
  • Net Assets: $327,754

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Organization Details

Principal Officer

Susan Warren

Main Address

1900 GULF SHORE BLVD NORTH 402, NAPLES, FL, 34102

NTEE Category

Code: B19 - Education

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