Overview
What is Lux Lucis Foundation Inc C/O George J Frem?
Lux Lucis Foundation Inc C/O George J Frem is a nonprofit organization situated at 1 Lauren Lane, Johnstown, Pennsylvania 15905. Their primary mission is to support educational institutions and provide scholarship opportunities for financially struggling high school students. Additionally, they aim to contribute medical supplies to underprivileged communities, further reinforcing their commitment to community betterment.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 60% (Two-Star out of Four Star rating)
The Lux Lucis Foundation Inc has received a Two-Star rating from Charity Navigator, indicating a moderate level of accountability and financial health. The foundation scored 60%, primarily driven by its Accountability & Finance score. A significant strength noted is the presence of a fully independent board, which reflects good governance practices.
However, there are several areas where the foundation's performance is lacking. Key policies such as a conflict of interest policy, whistleblower policy, and document retention policies are missing, which raises concerns about transparency and organizational practices. Additionally, the foundation did not provide certain governance documents, including board meeting minutes, which impacts its overall score.
On a positive note, the foundation demonstrates a strong commitment to its program expenses, with a program expense ratio of 93.82%, indicating that a substantial portion of its funding is directed towards its mission-related activities. Despite this, the absence of essential governance documentation and policies suggests that there are areas for improvement to enhance its accountability and transparency.
This AI summary has been generated from information found on Charity Navigator.
Is Lux Lucis Foundation Inc C/O George J Frem legitimate?
Lux Lucis Foundation Inc C/O George J Frem is a legitimate nonprofit organization registered as a 501(c)(3) entity. Lux Lucis Foundation Inc C/O George J Frem 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
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What is the mission statement of Lux Lucis Foundation Inc C/O George J Frem?
The Lux Lucis Foundation Inc, in its mission, seeks to offer support and scholarship opportunities to various educational institutions. Additionally, the foundation aims to provide necessary medical supplies to underprivileged communities. Through its initiatives, the foundation offers scholarships directly to high school students who are financially disadvantaged. This philanthropic organization strives to contribute positively to the educational and healthcare needs of underserved communities.
Who is the CEO of Lux Lucis Foundation Inc C/O George J Frem?
George J Frem is the President of Lux Lucis Foundation Inc C/O George J Frem.
What is the revenue of Lux Lucis Foundation Inc C/O George J Frem?
Lux Lucis Foundation Inc C/O George J Frem's revenue in 2022 was $54,186.
Who are the executives of Lux Lucis Foundation Inc C/O George J Frem and what are their salaries?
There is 1 key member and their salary:
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Lux Lucis Foundation Inc C/O George J Frem?
Lux Lucis Foundation Inc C/O George J Frem's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Lux Lucis Foundation Inc C/O George J Frem
Lux Lucis Foundation Inc C/O George J Frem is committed to making a significant impact in two critical areas: education and healthcare. The organization's mission is to provide support and scholarship opportunities to deserving students in financial need who attend educational institutions. By offering scholarships directly to schools, Lux Lucis Foundation Inc C/O George J Frem empowers students to pursue their educational goals and ultimately, build a better future for themselves.
In addition to its focus on education, Lux Lucis Foundation Inc C/O George J Frem is also dedicated to addressing the healthcare needs of underprivileged communities. The foundation provides medical supplies to these communities, ensuring that individuals have access to essential healthcare resources. By doing so, Lux Lucis Foundation Inc C/O George J Frem contributes to improving the overall health and well-being of the communities it serves. In summary, Lux Lucis Foundation Inc C/O George J Frem is a philanthropic organization that is passionate about providing opportunities for education and improving healthcare access for underprivileged communities.
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Impact
August, 2024
Lux Lucis Foundation Inc C/O George J Frem's impact is felt through its provision of support and scholarship opportunities to educational institutions, as well as its supply of medical supplies to underprivileged communities. The foundation donates scholarships to high school students in financial need, with the awards being directly given to the schools. This impactful work helps to empower students to pursue their educational goals and contributes to enhancing access to medical supplies for marginalized communities.
This information is meant to be a general summary of Lux Lucis Foundation Inc C/O George J Frem. 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: $186
- Gross Receipts: $54,186
Assets and Liabilities:
- Total Assets: $817,417
- Total Liabilities: $0
- Net Assets: $817,417
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Organization Details
Founding Year
2006
Principal Officer
George J Frem
Main Address
1 LAUREN LANE, JOHNSTOWN, PA, 15905
NTEE Category
Code: B82 - Education
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