Overview
What is Lsc Foundation?
The Lsc Foundation is a nonprofit organization dedicated to empowering youth through the realm of livestock education. By providing financial assistance and reinvesting proceeds from livestock auctions, they offer support for young individuals to acquire show animals. This initiative not only encourages their involvement in agriculture but also fosters valuable life skills such as responsibility, teamwork, and leadership. The Foundation's ultimate goal is to nurture the growth and development of youth within this context.
Official website here: www.lonestarcattlemen.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 81% (Three-Star out of Four Stars)
The Lsc Foundation has received an overall score of 81%, which results in a Three-Star rating. This score reflects a strong emphasis on Accountability & Finance, indicating that the charity performs well in this area. Key strengths include having a fully independent board with ten members, no material diversion of assets, and a solid program expense ratio of 68.09%, suggesting an effective allocation of funds towards its mission.
However, there are notable limitations in the foundation's governance practices. The charity lacks a whistleblower policy and a document retention and destruction policy, both of which have a significant impact on the overall accountability score. Additionally, the absence of a publicly accessible tax form on their website is a transparency concern, as it prevents donors from easily accessing important financial information.
Despite these shortcomings, the Lsc Foundation demonstrates a commitment to financial integrity and accountability, with a strong board and sound financial health. Addressing the gaps in governance policies could enhance its rating and overall trust among stakeholders.
This AI summary has been generated from information found on Charity Navigator.
Is Lsc Foundation legitimate?
Lsc Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Lsc 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.lonestarcattlemen.org
What is the mission statement of Lsc Foundation?
The Lsc Foundation's mission is centered around supporting youth by facilitating the purchase of show animals. This is done through the foundation's activities, which primarily involve providing financial aid for youth-focused livestock programs and reinvesting proceeds from livestock auctions. The ultimate goal is to empower and educate young individuals through these experiences.
Official website here: www.lonestarcattlemen.org
Who is the CEO of Lsc Foundation?
Shawn Lehne is the President of Lsc Foundation.
Official website here: www.lonestarcattlemen.org
What is the revenue of Lsc Foundation?
Lsc Foundation's revenue in 2022 was $57,340.
Official website here: www.lonestarcattlemen.org
Who are the executives of Lsc Foundation and what are their salaries?
Here are 4 key members and their salaries:
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- Other: $0
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Official website here: www.lonestarcattlemen.org
Where can I find the form 990 for Lsc Foundation?
Lsc Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.lonestarcattlemen.org
Learn more at the official website: www.lonestarcattlemen.org
Mission Statement of Lsc Foundation
The Lsc Foundation, with a focus on youth support, aims to achieve this goal by investing in the purchase of show animals. This mission is carried out through supporting educational programs related to livestock raising and auctioning. The foundation's grants and proceedings are then utilized to strengthen the demand side of the livestock auction market. In essence, the Lsc Foundation empowers young individuals by providing them with the opportunity to engage in the process of raising and showcasing livestock, thereby fostering valuable life skills and experiences.
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Impact
August, 2024
The impact of Lsc Foundation is felt directly in the lives of young individuals who are supported through the purchase of show animals. By providing grants and reinvesting proceeds to facilitate youth educational programs related to the raising and auctioning of livestock, the foundation enables these young people to develop valuable skills and experience in the agricultural industry. This support not only benefits the individual participants but also contributes to the overall growth and sustainability of youth development initiatives in the community.
This information is meant to be a general summary of Lsc 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.
- Gross Receipts: $327,714
Assets and Liabilities:
- Total Assets: $296,101
- Total Liabilities: $2,377
- Net Assets: $293,724
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Organization Details
Founding Year
2007
Phone
(512) 567-4682Principal Officer
Shawn Lehne
Main Address
PO BOX 113, FREDERICKSBURG, TX, 78624
Website
www.lonestarcattlemen.orgNTEE Category
Code: O50 - Youth development
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