Overview
What is Lost Lake Run Inc?
Lost Lake Run Inc is a small, Anchorage, Alaska-based nonprofit organization, primarily focused on raising funds for the Cystic Fibrosis Foundation. This mission is achieved through advocacy and awareness-raising efforts. The nonprofit's activities involve fundraising events and initiatives, aiming to contribute financially to the Cystic Fibrosis Foundation's cause. With a single employee, Lost Lake Run Inc is committed to making a difference in the lives of individuals affected by cystic fibrosis.
Official website here: www.lostlakerun.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: Needs Improvement (Two-Star out of Four Star rating, 61%)
Lost Lake Run Inc has received a two-star rating from Charity Navigator, indicating that it requires improvement in its operations. The organization scored 61% overall, reflecting a need to enhance its accountability and financial practices. Key strengths include a fully independent board and no material diversion of assets, which suggests a commitment to governance and integrity.
However, there are several significant areas that need attention. Notably, Lost Lake Run Inc lacks critical policies such as a conflict of interest policy, whistleblower policy, and document retention and destruction policy, which contributed to poor scores in these categories. Additionally, the organization's liabilities to assets ratio is relatively high at 72.42%, which may raise concerns about its financial stability.
Despite achieving a commendable program expense ratio of 72.29%, indicating that a significant portion of expenses is directed towards its programs, the overall weaknesses in governance and financial management highlight the need for improvements. Addressing these issues could potentially enhance the organization's rating and overall effectiveness.
This AI summary has been generated from information found on Charity Navigator.
Is Lost Lake Run Inc legitimate?
Lost Lake Run Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Lost Lake Run 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: $36,000
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.lostlakerun.org
What is the mission statement of Lost Lake Run Inc?
Lost Lake Run Inc's mission is centered around raising awareness and generating funds for the Cystic Fibrosis Foundation. This non-profit organization actively works towards supporting the Cystic Fibrosis Foundation's efforts through its initiatives. The primary activity of Lost Lake Run Inc involves providing financial assistance to further the Foundation's mission.
Official website here: www.lostlakerun.org
What is the revenue of Lost Lake Run Inc?
Lost Lake Run Inc's revenue in 2023 was $199,231.
Official website here: www.lostlakerun.org
Who are the executives of Lost Lake Run Inc and what are their salaries?
The average compensation at Lost Lake Run Inc during 2023 was $36,000. There is 1 employee and 69 volunteers at Lost Lake Run Inc.
Here are 10 key members and their salaries:
- Compensation: $36,000
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Official website here: www.lostlakerun.org
Where can I find the form 990 for Lost Lake Run Inc?
Lost Lake Run Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.lostlakerun.org
Learn more at the official website: www.lostlakerun.org
Mission Statement of Lost Lake Run Inc
Lost Lake Run Inc, a non-profit organization, is committed to raising awareness and generating funds for the Cystic Fibrosis Foundation. Their mission is to support this foundation through various fundraising efforts. By doing so, Lost Lake Run Inc aims to contribute to the ongoing research and support programs for individuals living with cystic fibrosis, a chronic respiratory and digestive disease. This non-profit organization's actions directly impact the lives of those affected by this condition, helping to improve their quality of life and potentially find a cure.
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Impact
October, 2024
Lost Lake Run Inc significantly impacts the community by raising awareness and financial support for the Cystic Fibrosis Foundation. Through organized events and fundraising efforts, the organization mobilizes individuals in Anchorage, AK, to contribute to a cause that directly affects many lives. By focusing on cystic fibrosis, Lost Lake Run Inc not only educates the public about the disease but also encourages participation and philanthropy, ultimately funneling resources into critical research and patient support initiatives. Their mission fosters a sense of community while addressing a pressing health challenge, creating a ripple effect of awareness and action in the fight against cystic fibrosis.
This information is meant to be a general summary of Lost Lake Run 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.
- Gross Receipts: $239,587
Assets and Liabilities:
- Total Assets: $20,352
- Total Liabilities: $14,740
- Net Assets: $5,612
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Organization Details
Founding Year
2007
Principal Officer
Patrick K Simpson
Website
www.lostlakerun.orgNTEE Category
Code: G112 - Disease
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