Overview
What is Lgh Charitable Trust Inc?
Lgh Charitable Trust Inc is a nonprofit organization situated in Lawrence, Massachusetts. Their primary mission is to foster philanthropic contributions, aiming to enhance the accessibility of comprehensive healthcare for patients residing in the Merrimack Valley region. This includes ensuring access to advanced technologies, high-quality care, and personalized treatment. Their goal is to promote a caring and supportive healthcare environment for the community they serve.
Official website here: www.lawrencegeneral.org
What are the reviews and ratings of this charity?
Rating from Charity Navigator: One-Star out of Four Stars (57%)
Lgh Charitable Trust Inc has received a One-Star rating from Charity Navigator, indicating significant concerns regarding its financial performance. Although the organization boasts a strong governance structure with a fully independent board and complies well with various policies, it struggles notably in its program expense ratio, reporting 0.00%. This raises questions about its effectiveness in utilizing funds for charitable activities.
While the charity demonstrates accountability in areas such as financial oversight and conflict of interest policies, its fundraising efficiency and liabilities to assets ratio are concerning. The fundraising efficiency ratio of $0.38 suggests that a large portion of funds may not be effectively converted into support for its mission. Additionally, the high liabilities to assets ratio indicates potential financial instability, which could impact the charity's long-term sustainability.
Overall, while Lgh Charitable Trust Inc meets many governance and compliance standards, its financial metrics suggest it may not be effectively fulfilling its mission. Donors and stakeholders should consider these limitations when evaluating their support for the organization.
This AI summary has been generated from information found on Charity Navigator.
Is Lgh Charitable Trust Inc legitimate?
Lgh Charitable Trust Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Lgh Charitable Trust 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.lawrencegeneral.org
What is the mission statement of Lgh Charitable Trust Inc?
Lgh Charitable Trust Inc's mission is centered around promoting and encouraging philanthropic support for enhancing comprehensive health care services. The organization aims to ensure that patients across various regions have access to high-quality care, the latest technologies, and personalized treatments. Their goal is to improve healthcare delivery by fostering philanthropic support, ultimately promoting better healthcare outcomes for all patients.
Official website here: www.lawrencegeneral.org
Who is the CEO of Lgh Charitable Trust Inc?
William Sullivan is the President & Ceo (End 5/23) of Lgh Charitable Trust Inc. The CEO's salary of Lgh Charitable Trust Inc is $0 and their total compensation is $226,483.
Official website here: www.lawrencegeneral.org
What is the revenue of Lgh Charitable Trust Inc?
Lgh Charitable Trust Inc's revenue in 2022 was $2,802,837.
Official website here: www.lawrencegeneral.org
Who are the executives of Lgh Charitable Trust Inc and what are their salaries?
There 7 volunteers at Lgh Charitable Trust Inc.
Here are 14 key members and their salaries (Lgh Charitable Trust Inc's CEO's salary is $0 and their total compensation is $226,483):
- Compensation: $0
- Related: $866,633
- Other: $44,845
- Compensation: $0
- Related: $346,076
- Other: $29,723
- Compensation: $0
- Related: $311,840
- Other: $29,640
- Compensation: $0
- Related: $309,283
- Other: $23,285
- Compensation: $0
- Related: $312,000
- Other: $0
- Compensation: $0
- Related: $227,216
- Other: $20,141
- Compensation: $0
- Related: $219,919
- Other: $6,564
- 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
Official website here: www.lawrencegeneral.org
Where can I find the form 990 for Lgh Charitable Trust Inc?
Lgh Charitable Trust Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.lawrencegeneral.org
Learn more at the official website: www.lawrencegeneral.org
Mission Statement of Lgh Charitable Trust Inc
Lgh Charitable Trust Inc is committed to fostering philanthropic support for the provision of comprehensive healthcare services to patients in various regions. Their mission, in essence, is to ensure that patients have access to high-quality care, the latest technologies, and personalized treatment. This organization actively works towards promoting a caring and patient-centric healthcare environment, encouraging philanthropy to bridge any gaps in healthcare delivery. By doing so, Lgh Charitable Trust Inc aims to enhance the overall healthcare landscape and improve patient experiences.
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Impact
October, 2024
Lgh Charitable Trust Inc plays a significant role in enhancing health care delivery in the Merrimack Valley region. By promoting and encouraging philanthropic support, the organization ensures that patients have access to high-quality medical care, cutting-edge technologies, and personalized treatment options. This dedication to comprehensive health care not only improves patient outcomes but also strengthens the overall health system in the area.
The trust's efforts enable advancements in medical facilities and services, fostering an environment where innovative care solutions can thrive. Through community engagement and support, Lgh Charitable Trust Inc contributes to a healthier population, ensuring that individuals in the Merrimack Valley receive the compassionate care they deserve.
This information is meant to be a general summary of Lgh Charitable Trust 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.
- Investment Income: $714,074
- Gross Receipts: $4,680,815
Assets and Liabilities:
- Total Assets: $60,348,000
- Total Liabilities: $32,575,000
- Net Assets: $27,773,000
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Organization Details
Founding Year
1984
Phone
(978) 683-4000Principal Officer
William Sullivan
Main Address
1 General Street, Lawrence, MA, 01841
Website
www.lawrencegeneral.orgNTEE Category
Code: E21 - Health
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