Overview
What is Lakewood Economic Action Program Inc?
Lakewood Economic Action Program Inc., located at 170 Oberlin Avenue No 22, Lakewood, New Jersey 08701, is a nonprofit organization dedicated to serving low-income families. Their primary mission is to provide comprehensive child development services, extending support to pregnant women, newborn babies, and children up to the age of 3. This mission is fulfilled through the Head Start program, which they administered to 141 children. The organization employs 42 individuals, demonstrating their commitment to this cause. Their goal is to enhance the well-being and development of children from disadvantaged backgrounds, contributing positively to their communities.
Official website here: www.leapinc.org
What are the reviews and ratings of this charity?
Charity Navigator Rating 92% - Four-Star out of Four Star rating
Lakewood Economic Action Program Inc has achieved an impressive Four-Star rating from Charity Navigator, reflecting its strong performance in accountability and finance. The charity's high score of 92% is particularly significant as it indicates a commitment to transparency and effective management of resources, critical factors for donor trust.
The organization is notable for having a fully independent board, scoring full points in both board independence and size. Additionally, it demonstrates rigorous financial oversight, with no material diversions of assets and a commendable program expense ratio of over 95%, meaning that the majority of its expenditures directly support its mission.
However, while the organization excels in financial accountability, there may be limited information available on its programmatic impact and outreach effectiveness. Overall, Lakewood Economic Action Program Inc stands out for its governance and financial health, making it a trustworthy option for potential donors.
This AI summary has been generated from information found on Charity Navigator.
Is Lakewood Economic Action Program Inc legitimate?
Lakewood Economic Action Program Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Lakewood Economic Action Program 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: $905,532
For more financial information, click here
Official website here: www.leapinc.org
What is the mission statement of Lakewood Economic Action Program Inc?
Lakewood Economic Action Program Inc., through its mission, aims to provide comprehensive child development services to low-income families, including pregnant women and families with newborn babies and children up to 3 years old. This mission is carried out primarily through the Head Start program, an initiative that the organization administers. The Head Start program offers a range of services to these families, aiming to support their overall development. To extend its reach, Lakewood Economic Action Program Inc. utilized an Early Head Start grant, enabling the program to expand and include even more families in need.
Official website here: www.leapinc.org
Who is the CEO of Lakewood Economic Action Program Inc?
Sam Rabinowitz is the Chairperson of Lakewood Economic Action Program Inc.
Official website here: www.leapinc.org
What is the revenue of Lakewood Economic Action Program Inc?
Lakewood Economic Action Program Inc's revenue in 2022 was $1,803,873.
Official website here: www.leapinc.org
Who are the executives of Lakewood Economic Action Program Inc and what are their salaries?
The average compensation at Lakewood Economic Action Program Inc during 2022 was $21,560. There are 42 employees and 6 volunteers at Lakewood Economic Action Program Inc.
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Official website here: www.leapinc.org
Where can I find the form 990 for Lakewood Economic Action Program Inc?
Lakewood Economic Action Program Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.leapinc.org
Learn more at the official website: www.leapinc.org
Mission Statement of Lakewood Economic Action Program Inc
Lakewood Economic Action Program Inc., or LEAP, is a nonprofit organization dedicated to providing comprehensive child development services to low-income families. This encompasses pregnant women and families with newborn babies and children up to the age of 3. The organization achieves this mission through its implementation of the Head Start program, funded by an Early Head Start grant. This program offers a range of services to the beneficiary families, ensuring their children have a solid foundation for their future development. LEAP's Head Start program served 141 children, demonstrating its commitment to supporting the educational and developmental needs of the community's most vulnerable families.
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Impact
October, 2024
Lakewood Economic Action Program Inc (LEAP) creates a significant impact on its community by providing essential child development services to low-income families. Through its comprehensive programs, LEAP focuses on supporting pregnant women and families with children up to three years old. The expansion made possible by the Early Head Start grant enables LEAP to address the critical developmental needs of children during the formative years.
By administering the Head Start program to 141 children, LEAP not only fosters early education and healthy development but also equips families with the resources they need to thrive. This holistic approach addresses the challenges faced by low-income households, ensuring that both parents and children can access quality educational resources and support systems. Overall, LEAP plays a crucial role in breaking the cycle of poverty and promoting child well-being in the Lakewood community.
This information is meant to be a general summary of Lakewood Economic Action Program 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: $6
- Gross Receipts: $1,803,873
Assets and Liabilities:
- Total Assets: $245,284
- Total Liabilities: $54,847
- Net Assets: $190,437
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Organization Details
Founding Year
1965
Phone
(732) 364-4333Principal Officer
Sam Rabinowitz
Main Address
170 OBERLIN AVENUE NO 22, LAKEWOOD, NJ, 08701
Website
www.leapinc.orgIf you are a representative of Lakewood Economic Action Program Inc and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.