Overview
What is Faith Legacy Foundation Inc?
Faith Legacy Foundation Inc, located in Lafayette, Indiana, is a nonprofit organization committed to advancing Christian academic education and fostering a deeper understanding of Christianity. The organization primarily supports and carries out the purposes of publicly backed organizations that focus on various initiatives, such as promoting belief in and understanding of Christianity and Christian worship, providing Christian academic education, enhancing spiritual, mental, emotional, or physical health, alleviating spiritual, mental, emotional, or physical suffering, and preventing juvenile delinquency. This foundation operates exclusively for these beneficial purposes, contributing to the well-being and growth of individuals and communities from a Christian perspective.
Official website here: www.faithlafayette.org/ministry7.aspx
What are the reviews and ratings of this charity?
Charity Navigator Rating: 90%, Four-Star out of Four Star rating
Faith Legacy Foundation Inc has received a commendable 90% rating from Charity Navigator, indicating a strong commitment to accountability and finance. This score is derived solely from the organization’s performance in this area, reflecting transparency and effective management of resources. A Four-Star rating suggests that the charity is performing at a high level relative to its peers.
The foundation's strengths are highlighted by its perfect scores in several key areas, including a fully independent board of directors, a robust conflict of interest policy, and the absence of any material diversion of assets. Additionally, the organization demonstrates a high program expense ratio at 92.25%, which indicates that a significant portion of its expenditures directly supports its mission.
While the rating is impressive, it is important for potential donors and stakeholders to consider the foundation's focus on financial and operational accountability as the primary area of evaluation. There are no noted limitations in the data provided, which further strengthens the foundation's reputation as a responsible nonprofit organization.
This AI summary has been generated from information found on Charity Navigator.
Is Faith Legacy Foundation Inc legitimate?
Faith Legacy Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Faith Legacy 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: $0
For more financial information, click here
Official website here: www.faithlafayette.org/ministry7.aspx
What is the mission statement of Faith Legacy Foundation Inc?
The Faith Legacy Foundation Inc operates with the objective of supporting organizations that promote various purposes, serving the public interest. Among these purposes are advancing the belief in Christianity and Christian worship, providing Christian academic education, enhancing spiritual, mental, emotional, and physical health, alleviating spiritual, mental, emotional, or physical suffering, and preventing juvenile delinquency. The foundation's mission is to contribute to these causes, thereby benefiting the community and furthering these noble objectives.
Official website here: www.faithlafayette.org/ministry7.aspx
Who is the CEO of Faith Legacy Foundation Inc?
Erik Roe is the President of Faith Legacy Foundation Inc.
Official website here: www.faithlafayette.org/ministry7.aspx
What is the revenue of Faith Legacy Foundation Inc?
Faith Legacy Foundation Inc's revenue in 2023 was -$135,811.
Official website here: www.faithlafayette.org/ministry7.aspx
Who are the executives of Faith Legacy Foundation Inc and what are their salaries?
There 7 volunteers at Faith Legacy Foundation Inc.
Here are 7 key members and their salaries:
- Compensation: $0
- Related: $102,985
- Other: $31,108
- Compensation: $0
- Related: $49,917
- Other: $70,454
- Compensation: $0
- Related: $92,701
- Other: $21,457
- 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.faithlafayette.org/ministry7.aspx
Where can I find the form 990 for Faith Legacy Foundation Inc?
Faith Legacy Foundation Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.faithlafayette.org/ministry7.aspx
Learn more at the official website: www.faithlafayette.org/ministry7.aspx
Mission Statement of Faith Legacy Foundation Inc
Faith Legacy Foundation Inc is dedicated to supporting publicly funded organizations that serve various purposes. Specifically, the foundation aims to advance beliefs in Christianity and Christian worship, provide Christian academic education, promote spiritual, mental, emotional, and physical health, alleviate spiritual, mental, emotional, or physical suffering, and prevent juvenile delinquency. The organization's mission is multifaceted, encompassing a wide range of initiatives that contribute to the betterment of individuals and communities. By supporting publicly backed organizations with these objectives, Faith Legacy Foundation Inc plays a significant role in fostering understanding of Christianity, enhancing education, and improving overall well-being.
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Impact
October, 2024
Faith Legacy Foundation Inc significantly impacts the community by advancing the understanding and belief in Christianity and promoting Christian worship. Its initiatives focus on enhancing Christian academic education, nurturing spiritual growth, and improving mental, emotional, and physical health.
By addressing issues related to spiritual, mental, emotional, and physical suffering, the organization plays a vital role in the well-being of individuals in the community. Moreover, its commitment to preventing juvenile delinquency demonstrates a proactive approach to fostering safe and healthy environments for youth, guiding them towards positive life choices. Through these efforts, Faith Legacy Foundation fosters a supportive atmosphere that nurtures both individual and community growth, reinforcing the values of faith and education.
This information is meant to be a general summary of Faith Legacy 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 2023.
- Investment Income: -$168,789
- Gross Receipts: $1,040,146
Assets and Liabilities:
- Total Assets: $3,421,662
- Total Liabilities: $1,448,795
- Net Assets: $1,972,867
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Organization Details
Founding Year
2005
Phone
(765) 448-1986Principal Officer
Erik Roe
Main Address
5526 ST RD 26 EAST, LAFAYETTE, IN, 47905
NTEE Category
Code: X122 - Religion related
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