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
What are the reviews and ratings of this charity?
Charity Navigator Rating: Needs Improvement
Laundrycares Foundation has received a Two-Star out of Four Star rating from Charity Navigator, with an overall score of 69%. This rating reflects some strengths in governance, such as having a fully independent board and effective financial oversight. However, the organization faces significant shortcomings, particularly concerning essential policies like conflict of interest, whistleblower protections, and document retention, which are currently missing.
The foundation’s financial health shows a moderate liabilities to assets ratio at 36.26%, indicating a reasonable level of financial stability. However, the program expense ratio is relatively low at 58.01%, suggesting that a considerable portion of funds may not be directed towards programmatic efforts. This could be a point of concern for potential donors looking for effective use of their contributions.
Overall, while Laundrycares Foundation demonstrates solid governance practices, the lack of critical policies and lower program expenditure raises questions about its operational effectiveness. Addressing these weaknesses could enhance its rating and foster greater donor confidence.
This AI summary has been generated from information found on Charity Navigator.
What do the Facebook reviews say about Laundrycares Foundation?
Although there are only a couple of reviews for Laundrycares Foundation on Facebook, a common sentiment shines through. Reviewers express admiration for the organization’s commitment to community support and the clarity of its mission.
The dedication displayed by the team at Laundrycares Foundation resonates well with those who have interacted with or learned about the organization. While still early in its rating journey, the positive remarks suggest that the nonprofit is effectively aligning its activities with its goals, fostering a hopeful outlook for its future growth and impact.
Overall, the foundation appears to be on the right path, successfully garnering support and commendation from its community members for its mission-driven efforts.
This AI summary has been generated from reviews found on Facebook.
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.
Heare 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 is 1 employee 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):
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $244,212
- Other: $25,126
- Compensation: $125,000
- Related: $0
- Other: $6,060
Official website here: www.laundrycares.org
Where can I find the form 990 for Laundrycares Foundation?
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.
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Impact
October, 2024
Laundrycares Foundation significantly impacts communities by addressing the pressing need for laundry services among families and individuals experiencing financial hardships. Through the coordination of donated laundry supplies, they ensure that essential services are available to those in need, facilitating access to clean clothing, which is crucial for personal hygiene and dignity.
The organization hosts Free Laundry Days at coin laundry facilities across various cities, where hundreds of loads of laundry are completed for needy families. These events not only provide vital laundry services but also include access to children's books and literacy resources, fostering educational opportunities while families take care of their laundry needs.
Additionally, Laundrycares Foundation extends its impact by offering consulting services to other organizations aiming to establish similar initiatives. This support empowers more communities to provide essential laundry services and education, creating a broader network of assistance for those facing challenges. The foundation's work exemplifies a dedicated commitment to uplifting underserved populations and addressing essential needs with compassion and care.
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.
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.
- 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
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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
Phone
(800) 570-5629Principal Officer
Brian Wallace
Main Address
17W635 BUTTERFIELD ROAD 145, OAKBROOK TERRACE, IL, 60181
Website
www.laundrycares.orgNTEE Category
Code: P99 - Human services
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