Overview
What is Tlc Foundation Inc?
Tlc Foundation Inc, established in Manchester, Connecticut, is a nonprofit organization with a primary mission to offer a secure and nurturing home environment for adolescents who face challenges staying with their families. Various reasons, such as family disruption, parent-child conflicts, or unsuitable home environments, may necessitate their need for shelter. With a team of seven dedicated individuals, Tlc Foundation Inc provides essential support and care to these young individuals, aiming to create a safe and welcoming environment for them during this challenging phase of their lives.
Official website here: www.tlcmanchesterkids.com
What are the reviews and ratings of this charity?
Charity Navigator Rating: 83% (Three-Star out of Four Star rating)
Tlc Foundation Inc has received a commendable score of 83%, reflecting a solid performance in accountability and finance. This rating is solely based on their Accountability & Finance score, demonstrating a commitment to transparency and responsible management of resources. Their strong governance is highlighted by a fully independent board, which consists of 16 members, and the absence of any material diversion of assets.
The organization has also demonstrated effective financial health, with an impressive program expense ratio of 80.80%, indicating that a significant majority of their funds are directed towards their programs. Additional strengths include the complete listing of their website on their tax form and adherence to conflict of interest policies. However, it is noted that they are missing a whistleblower policy and document retention guidelines, which could be areas for improvement in their governance practices.
Overall, Tlc Foundation Inc is recognized for its accountability and responsible financial practices, although addressing the noted gaps in policy documentation could further enhance its organizational integrity.
This AI summary has been generated from information found on Charity Navigator.
Is Tlc Foundation Inc legitimate?
Tlc Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Tlc Foundation 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: $20,778
Professional Fundraising Fees: $0
Other Salaries and Wages: $65,088
For more financial information, click here
Official website here: www.tlcmanchesterkids.com
What is the mission statement of Tlc Foundation Inc?
Tlc Foundation Inc's mission is centered around providing a safe and nurturing home environment for adolescents who are unable to reside with their families due to various reasons, such as family disruptions, parent-child conflicts, or the lack of a suitable home environment. The foundation's primary objective is to offer a home to these youths who are in need. It aims to provide a nurturing environment that can help these adolescents during a challenging period in their lives. The foundation's activities are focused on providing a secure and supportive living situation for these young individuals.
Official website here: www.tlcmanchesterkids.com
Who is the CEO of Tlc Foundation Inc?
Liama Holmes is the Executive Di of Tlc Foundation Inc.
Official website here: www.tlcmanchesterkids.com
What is the revenue of Tlc Foundation Inc?
Tlc Foundation Inc's revenue in 2022 was $182,723.
Official website here: www.tlcmanchesterkids.com
Who are the executives of Tlc Foundation Inc and what are their salaries?
The average compensation at Tlc Foundation Inc during 2022 was $12,267. There are 7 employees and 2 volunteers at Tlc Foundation Inc.
Here are 16 key members and their salaries:
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Official website here: www.tlcmanchesterkids.com
Where can I find the form 990 for Tlc Foundation Inc?
Tlc Foundation Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.tlcmanchesterkids.com
Learn more at the official website: www.tlcmanchesterkids.com
Mission Statement of Tlc Foundation Inc
TLC Foundation Inc is committed to providing a safe and nurturing home environment for adolescents who are unable to stay at home due to family disruptions, parent-child conflicts, or the lack of a suitable home setting. The organization's primary objective is to offer these youths a permanent residence, providing them with a secure and supportive environment during a challenging period in their lives. By offering this residential service, TLC Foundation Inc aims to contribute positively to the well-being and future prospects of these adolescents, helping them navigate through difficult circumstances and setting them on a path towards a more stable and secure future.
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Impact
October, 2024
Tlc Foundation Inc makes a significant impact by offering a safe and nurturing home environment for adolescents facing family disruption, parent-child conflict, or an unsuitable home situation. By providing stability and support, the foundation addresses critical needs for these young individuals, helping them navigate challenging circumstances. This environment not only fosters personal growth and development but also contributes to their emotional and psychological well-being. Through its focused mission in Manchester, CT, Tlc Foundation Inc plays a pivotal role in transforming lives, enabling youths to thrive despite their challenges, and equipping them with the skills and confidence needed for a brighter future.
This information is meant to be a general summary of Tlc Foundation 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 2022.
- Gross Receipts: $182,723
Assets and Liabilities:
- Total Assets: $78,820
- Total Liabilities: $6,133
- Net Assets: $72,687
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Organization Details
Founding Year
1984
Phone
(860) 990-8447Principal Officer
Liama Holmes
Main Address
17 NORTH STREET, MANCHESTER, CT, 06042
Website
www.tlcmanchesterkids.comNTEE Category
Code: P300 - Human services
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