Overview
What is Lutheran Foundation Of New Jersey Inc?
Lutheran Foundation of New Jersey Inc. is a compassionate nonprofit organization, serving as the philanthropic arm of Lutheran Social Ministries of New Jersey (LSMNJ). Located in Burlington, New Jersey, this faith-based foundation aims to collect donations from individuals and corporations, as well as grants from various sources. Its primary mission is to support LSMNJ's programs, such as affordable housing, healthcare, hospice, homelessness, supportive housing, immigration services, and disaster response. These initiatives aim to assist individuals regardless of their religious affiliation or background, ensuring that those in need throughout New Jersey receive the help they require. To achieve its goals, the foundation organizes fundraising events like Lutherans Feeding Friends in 2022.
Official website here: www.lsmnj.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: One-Star out of Four Stars (58%)
The Lutheran Foundation of New Jersey Inc has received a One-Star rating from Charity Navigator, indicating significant concerns regarding its financial health. The overall score is based solely on the Accountability & Finance category, where the foundation scored 58%. While it excels in governance aspects, such as having a fully independent board and comprehensive policies, the financial ratios reveal troubling trends, including a program expense ratio of 0.00%, suggesting minimal funds are allocated to direct programs.
Strengths of the organization include strong governance practices, with perfect scores for board independence and financial oversight measures. All required policies, including conflict of interest and whistleblower policies, are in place, reflecting a commitment to accountability. However, the financial performance indicators raise red flags, particularly in terms of expense allocation to programs and fundraising efficiency, which could affect its ability to effectively fulfill its mission.
Users and potential donors may note that while the foundation demonstrates a commitment to governance and accountability, the lack of financial investment in programs could limit its impact. Those considering support might want to weigh the organization's strong governance against its financial challenges and assess whether it aligns with their charitable goals.
This AI summary has been generated from information found on Charity Navigator.
What do the Facebook reviews say about Lutheran Foundation Of New Jersey Inc?
92% of reviewers on Facebook recommend the Lutheran Foundation of New Jersey Inc. Here is a summary of their reviews:
Most reviewers have shared positive sentiments about the nonprofit, appreciating its mission and the efforts it makes in the community. However, there is a notable mention of discontent from one individual, who expressed strong negative feelings regarding the organization's stance on certain issues. Despite this, the prevailing opinion among supporters indicates that the foundation is fulfilling its objectives effectively.
Overall, the Lutheran Foundation of New Jersey Inc. seems to maintain a favorable reputation, with most individuals feeling satisfied and supportive of its work.
This AI summary has been generated from reviews found on Facebook.
Is Lutheran Foundation Of New Jersey Inc legitimate?
Lutheran Foundation Of New Jersey Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Lutheran Foundation Of New Jersey 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: $237,693
For more financial information, click here
Official website here: www.lsmnj.org
What is the mission statement of Lutheran Foundation Of New Jersey Inc?
The Lutheran Foundation of New Jersey Inc. serves as a philanthropic arm, aiming to collect gifts and grants for charitable purposes. Its primary mission is to support the activities and exempt purpose of Lutheran Social Ministries of New Jersey Inc. (LSMNJ). This foundation provides financial aid for various programs under LSMNJ, including affordable housing for families and seniors, healthcare, hospice, homelessness services, supportive housing, immigration services, and disaster response. The foundation seeks support from individuals, corporations, and various grant sources to assist those in need, irrespective of religious affiliation or background. In 2022, the foundation hosted fundraising events to support LSMNJ programs, such as Lutherans Feeding Friends.
Official website here: www.lsmnj.org
Who is the CEO of Lutheran Foundation Of New Jersey Inc?
Colleen P Frankenfield is the President & Ceo of Lutheran Foundation Of New Jersey Inc. The CEO's salary of Lutheran Foundation Of New Jersey Inc is $0 and their total compensation is $863,782.
Official website here: www.lsmnj.org
What is the revenue of Lutheran Foundation Of New Jersey Inc?
Lutheran Foundation Of New Jersey Inc's revenue in 2022 was $2,465,572.
Official website here: www.lsmnj.org
Who are the executives of Lutheran Foundation Of New Jersey Inc and what are their salaries?
The average compensation at Lutheran Foundation Of New Jersey Inc during 2022 was $237,693. There is 1 employee and 11 volunteers at Lutheran Foundation Of New Jersey Inc.
Here are 14 key members and their salaries (Lutheran Foundation Of New Jersey Inc's CEO's salary is $0 and their total compensation is $863,782):
- 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
- 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: $813,105
- Other: $50,677
- Compensation: $0
- Related: $288,329
- Other: $23,200
- Compensation: $158,451
- Related: $0
- Other: $13,200
Official website here: www.lsmnj.org
Where can I find the form 990 for Lutheran Foundation Of New Jersey Inc?
Lutheran Foundation Of New Jersey Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.lsmnj.org
Learn more at the official website: www.lsmnj.org
Mission Statement of Lutheran Foundation Of New Jersey Inc
Lutheran Foundation of New Jersey, Inc., serves as the philanthropic arm of Lutheran Social Ministries of New Jersey, Inc. (LSMNJ). Its mission is to support the charitable activities and exempt purposes of LSMNJ. This foundation seeks to collect funds through gifts and grants from individuals and corporations, as well as securing grants from various sources. The primary objective of Lutheran Foundation of New Jersey, Inc. is to provide aid to those in need across New Jersey, irrespective of their religious affiliation or background. The foundation's efforts are dedicated to supporting programs such as affordable family and senior housing, healthcare, hospice, homelessness, supportive housing, immigration services, and disaster response, which are all part of LSMNJ's initiatives. To further its mission, Lutheran Foundation of New Jersey, Inc. held fundraising events in 2022 to support the programs of LSMNJ, including Lutherans Feeding Friends.
Shop smarter and support your favorite cause with the Give Freely browser extension. Save money with coupons and donate to charity with a single click. Download now!
Impact
October, 2024
Lutheran Foundation Of New Jersey Inc has a significant impact on communities throughout New Jersey by supporting a range of essential programs aimed at improving the lives of individuals and families in need. By focusing on charitable purposes, the foundation empowers various initiatives including affordable family and senior housing, healthcare, hospice care, homelessness assistance, supportive housing, immigration services, and disaster response.
Their commitment to community welfare transcends religious boundaries, serving individuals regardless of their background or faith. Through fundraising events and gifts from both individuals and corporations, the foundation ensures that vital resources are available to address pressing social issues. Initiatives such as "Lutherans Feeding Friends" highlight their active role in combatting food insecurity and bringing relief to those who are struggling. Overall, the foundation plays a crucial role in fostering support and creating a positive impact through its comprehensive outreach and services across New Jersey.
This information is meant to be a general summary of Lutheran Foundation Of New Jersey 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: $41,787
- Gross Receipts: $3,018,931
Assets and Liabilities:
- Total Assets: $1,216,853
- Total Liabilities: $3,260
- Net Assets: $1,213,593
Want to help this charity, for free? You can click here to learn more about Give Freely
Organization Details
Founding Year
1993
Phone
(609) 386-7171Principal Officer
Colleen P Frankenfield
Main Address
3 MANHATTAN DRIVE, BURLINGTON, NJ, 08016
Website
www.lsmnj.orgNTEE Category
Code: X20 - Religion related
If you are a representative of Lutheran Foundation Of New Jersey 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.