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Laundrycares Foundation

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

EIN: 204504242 ✦ Oakbrook terrace, IL ✦ Designated as a 501(c)(3)

Overview

What is Laundrycares Foundation?

Laundrycares Foundation is a charitable organization located in Oakbrook Terrace, Illinois, with a single employee. Their primary mission is to offer free laundry services to families in need, utilizing donated supplies and coin-operated laundry facilities in selected cities. The foundation organizes events known as "Free Laundry Day," where hundreds of loads of laundry are completed daily. These events extend beyond laundry, providing children's books and literacy resources. Moreover, Laundrycares Foundation provides consulting services to other organizations wishing to establish similar initiatives within their communities to assist needy families. In essence, Laundrycares Foundation aims to alleviate laundry-related burdens for those in need, enhancing their overall well-being.


Official website here: www.laundrycares.org

Is Laundrycares Foundation legitimate?

Laundrycares Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Laundrycares 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.

Here are some key statistics you may want to consider:

Executive Compensation: $131,006
Professional Fundraising Fees: $0
Other Salaries and Wages: $81,970

For more financial information, click here


Official website here: www.laundrycares.org

What is the mission statement of Laundrycares Foundation?

The Laundrycares Foundation's primary purpose is to offer laundry services and education to individuals and families in need. They achieve this by coordinating the distribution of donated laundry supplies and hosting free laundry days at local laundromats across the country. During these events, numerous loads of laundry are completed, and access to children's books and literacy resources is provided. Additionally, the organization offers consulting services to those looking to establish free laundry days for needy families within their own communities.


Official website here: www.laundrycares.org

Who is the CEO of Laundrycares Foundation?

Brian Wallace is the President of Laundrycares Foundation. The CEO's salary of Laundrycares Foundation is $0 and their total compensation is $269,338.


Official website here: www.laundrycares.org

What is the revenue of Laundrycares Foundation?

Laundrycares Foundation's revenue in 2022 was $846,727.


Official website here: www.laundrycares.org

Who are the executives of Laundrycares Foundation and what are their salaries?

The average compensation at Laundrycares Foundation during 2022 was $212,976. There are 1 employees and 10 volunteers at Laundrycares Foundation.

Here are 10 key members and their salaries (Laundrycares Foundation's CEO's salary is $0 and their total compensation is $269,338):

    Brian Wallace (Chief Executive Officer)
  • Compensation: $0
  • Related: $244,212
  • Other: $25,126

    • Dan Naumann (Executive Vice President)
  • Compensation: $125,000
  • Related: $0
  • Other: $6,060

    • Brian Grell (President) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • James Whitmore (Immediate Past Chair) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Brian Holland (Vice President) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Dennis Diaz (Treasurer) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Paul Hansen (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Ted Ristaino (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Neal Shapiro (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Craig Kirchner (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0


  • Official website here: www.laundrycares.org

    Where can I find the form 990 for Laundrycares Foundation?

    The Laundrycares Foundation’s most recent form 990 was submitted in 2022 and can be accessed here


    Official website here: www.laundrycares.org

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

    Mission Statement of Laundrycares Foundation

    LaundryCares Foundation is an organization dedicated to serving a noble cause. Its primary purpose is to coordinate the distribution of donated laundry supplies to provide laundry services to various organizations, families, and individuals in need. Beyond this, the foundation offers a unique initiative called Free Laundry Day, hosting events at local laundromats across the country. During these events, needy families can benefit from free laundry services, with hundreds of loads being completed each day. The events also offer additional resources, such as access to children's books and literacy materials. In addition to these direct services, LaundryCares Foundation extends its reach by providing consulting services to other organizations looking to establish their own Free Laundry Day programs to assist their respective needy communities. In essence, LaundryCares Foundation is committed to providing laundry services and educational resources to those in need, aiming to alleviate some of the burdens they face.

    Impact

    This information is meant to be a general summary of Laundrycares Foundation. Please take the time to review official sources before making any decisions based upon the content provided here.




    Thursday, August 15, 2024

    Laundrycares Foundation's impact includes coordinating the distribution of donated laundry supplies to provide laundry services to organizations, families, and individuals in need. They offer Free Laundry Days at coin laundry facilities in select cities, providing free laundry services to needy families. These events see hundreds of loads of laundry completed, along with access to children's books and literacy resources. The organization also offers consulting services to assist others in setting up similar Free Laundry Days to help needy families within their communities.





    Financials

    This financial information is from Propublica.

    Revenue
    Expenses
    Efficiency

    Other financial information:

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

  • Investment Income: $0
  • Program Service Revenue: $13,000
  • Gross Receipts: $1,107,460

    • Assets and Liabilities:
  • Total Assets: $364,050
  • Total Liabilities: $132,024
  • Net Assets: $232,026
  • Programs

    Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

    LITERACY SUMMIT

    Revenue

    $13,000

    Organization Details

    Founding Year

    2006

    Principal Officer

    Brian Wallace

    Main Address

    17W635 BUTTERFIELD ROAD 145, OAKBROOK TERRACE, IL, 60181

    NTEE Category

    Code: P99 - Human services

    If you are a representative of Laundrycares 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.