Overview
What is The Discovery Land Company Foundation?
The Discovery Land Company Foundation is a nonprofit organization based in Beverly Hills, California. Established with a mission to strengthen non-profit and charitable programs serving children and families, they have significantly contributed to the community of Abaco, Bahamas, following Hurricane Dorian in 2019. Their efforts included emergency assistance, such as evacuations, housing, meals, supplies, transportation, and building materials, which continued throughout 2022. In collaboration with local leaders, residents, and other organizations, they completed the reconstruction of three schools in Abaco, two of which accommodate approximately 1,000 students annually and one serving children with special needs. Additionally, they provided housing repairs and reconstruction for numerous residents, including medical staff at the Marsh Harbour Hospital. This work and the preparation for building a new clinic continued through 2020, 2021, and 2022. The foundation's charitable work extends to supporting shelters and foster care facilities in the communities surrounding Discovery Land Company developments.
Official website here: www.discoverylandcofoundation.org
What are the reviews and ratings of this charity?
Rating from Charity Navigator: 87%, Three-Star out of Four Star rating.
The Discovery Land Company Foundation has received a commendable rating of 87% from Charity Navigator, reflecting strong performance in accountability and finance. This score is based entirely on the organization's financial practices, indicating it operates with a high degree of transparency and responsibility. The foundation has achieved perfect scores in areas such as audit oversight, conflict of interest policy, and absence of asset diversion, which demonstrates its commitment to maintaining integrity in its financial operations.
One of the notable strengths of the foundation is its program expense ratio of 86.29%, showing that a significant portion of its funds is directed towards its charitable activities. Additionally, its fundraising efficiency ratio of $0.04 signifies effective fundraising practices, ensuring that minimal costs are incurred in raising funds. The foundation's robust working capital ratio of 5.64 years suggests a strong financial position, providing it with a solid buffer for its operations.
However, while the foundation has excelled in accountability and financial management, the rating emphasizes that this evaluation is based solely on financial factors. Potential donors and supporters may want to look for additional qualitative information regarding the foundation's impact and specific programs to gain a fuller picture of its effectiveness in achieving its mission.
This AI summary has been generated from information found on Charity Navigator.
Is The Discovery Land Company Foundation legitimate?
The Discovery Land Company Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Discovery Land Company 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: $229,390
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.discoverylandcofoundation.org
What is the mission statement of The Discovery Land Company Foundation?
The Discovery Land Company Foundation's mission is to enhance non-profit and charitable programs that cater to the needs of children and families. This encompasses supporting shelters and foster care facilities within the communities surrounding Discovery Land Company developments. Following Hurricane Dorian in 2019, the foundation launched the Abaco Relief Program, providing emergency assistance such as evacuations, housing, meals, supplies, transportation, building materials, and immediate provisions to the Abaco community in the Bahamas. The support continued throughout 2022. In collaboration with local leaders, residents, and other organizations, the foundation successfully reconstructed three schools in Abaco, designed to serve as storm shelters and accommodate approximately 1,100 students annually, including a school for children with special needs. The foundation also provided housing repairs and reconstruction for numerous residents in Abaco, including medical staff at the Marsh Harbour hospital. The home repairs and the process for building a new clinic continued through 2020, 2021, and 2022, with the completion of the new public clinic scheduled for 2023.
Official website here: www.discoverylandcofoundation.org
Who is the CEO of The Discovery Land Company Foundation?
Christy Nichols is the Executive Director/Secretary of The Discovery Land Company Foundation.
Official website here: www.discoverylandcofoundation.org
What is the revenue of The Discovery Land Company Foundation?
The Discovery Land Company Foundation's revenue in 2022 was $2,772,482.
Official website here: www.discoverylandcofoundation.org
Who are the executives of The Discovery Land Company Foundation and what are their salaries?
The average compensation at The Discovery Land Company Foundation during 2022 was $229,390. There is 1 employee and 2 volunteers at The Discovery Land Company Foundation.
Here are 3 key members and their salaries:
- Compensation: $229,390
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.discoverylandcofoundation.org
Where can I find the form 990 for The Discovery Land Company Foundation?
The Discovery Land Company Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.discoverylandcofoundation.org
Learn more at the official website: www.discoverylandcofoundation.org
Mission Statement of The Discovery Land Company Foundation
The Discovery Land Company Foundation is dedicated to enhancing the impact of non-profit and charitable programs that cater to the needs of children and families. Their mission extends to supporting initiatives such as shelters and foster care facilities within the communities surrounding Discovery Land Company developments.
In a demonstration of their commitment, following Hurricane Dorian in 2019, The Discovery Land Company Foundation launched the Abaco Relief Program. This program offered emergency assistance to the community of Abaco, Bahamas, providing support for evacuations, housing, meals, supplies, transportation, building materials, and more immediate provisions. This aid was provided consistently throughout 2022. In collaboration with local leaders, residents, and other organizations, the foundation has successfully reconstructed three schools in Abaco. Two of these schools, which usually accommodate around 1000 students each, are now built to stronger codes, serving as storm shelters. The third school is designed for children with special needs, assisting approximately 100 children annually.
Furthermore, The Discovery Land Company Foundation has undertaken housing repairs and reconstruction for numerous residents in Abaco, including medical staff at the Marsh Harbour Hospital. These repairs and the preparations for building a new clinic continued through 2020, 2021, and 2022, with the completion of the new public clinic scheduled for 2023. This comprehensive approach highlights the foundation's dedication to improving the lives and futures of children and families in need.
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Impact
October, 2024
The Discovery Land Company Foundation significantly impacts communities by strengthening nonprofit and charitable programs that cater to children and families. One of its primary initiatives, the Abaco Relief Program, emerged in response to Hurricane Dorian in 2019. This program delivered vital emergency assistance to the community of Abaco, Bahamas, addressing immediate needs such as evacuations, housing, meals, and essential supplies.
As part of its ongoing support, the foundation played a crucial role in the reconstruction of three schools in Abaco, following the hurricane's devastation. These schools, designed to stronger building codes, not only serve educational purposes but also function as storm shelters, enhancing community resilience against future disasters. Two of the schools typically educate around 1,000 students, while the third supports approximately 100 children with special needs each year.
In addition to educational facilities, the foundation has contributed to housing repairs for local residents, including medical staff working at a nearby hospital. This extended assistance continues with the preparation for a new public clinic, with completion expected in 2023. By focusing on these initiatives, the Discovery Land Company Foundation fosters a supportive environment for vulnerable communities and helps build a brighter future for families in need.
This information is meant to be a general summary of The Discovery Land Company 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: $105,522
- Gross Receipts: $3,284,201
Assets and Liabilities:
- Total Assets: $14,691,030
- Total Liabilities: $321,920
- Net Assets: $14,369,110
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Organization Details
Founding Year
2006
Phone
(310) 859-0700Principal Officer
Christy Nichols
Main Address
257 NORTH CANON DRIVE THIRD FLOOR, BEVERLY HILLS, CA, 90210
NTEE Category
Code: T30 - Philanthropy
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