Overview
What is The Legacy Of Love Foundation Inc?
The Legacy of Love Foundation Inc., located in Philadelphia, Pennsylvania, is a nonprofit organization with a mission to promote academic excellence, assist the underprivileged, and enhance the community's quality of life. They achieve this goal through various means, including fundraising events and initiatives. A significant part of their work involves awarding educational scholarships to deserving students pursuing higher education, thereby supporting their future academic endeavors. The foundation's activities aim to uplift and empower the community, contributing positively to its well-being.
Official website here: www.thelegacyoflovefdn.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 76%, Three-Star out of Four Star rating.
The Legacy Of Love Foundation Inc has achieved a Three-Star rating, indicating a solid level of accountability and financial health. The charity's overall score is primarily derived from its performance in the Accountability & Finance beacon, demonstrating a strong commitment to maintaining financial integrity.
The organization boasts a fully independent board with 13 members, which contributes to its impressive governance score. It has no material diversion of assets and maintains a favorable liabilities to assets ratio of 0.00%. Additionally, the foundation has effectively documented its board meeting minutes and provides its tax forms transparently on its website.
However, the charity does face some limitations, particularly in its governance policies. It lacks a conflict of interest policy, a whistleblower policy, and guidelines for document retention and destruction, which are areas highlighted for improvement. These gaps may affect overall operational transparency and stakeholder trust.
This AI summary has been generated from information found on Charity Navigator.
Is The Legacy Of Love Foundation Inc legitimate?
The Legacy Of Love Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Legacy Of Love 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.thelegacyoflovefdn.org
What is the mission statement of The Legacy Of Love Foundation Inc?
The Legacy of Love Foundation Inc's mission is centered around promoting academic excellence, aiding the underserved, and working towards enhancing the quality of life in the community. This is achieved primarily through fundraising and other means. The organization also extends its efforts by providing educational scholarships to deserving students who are pursuing higher education. By doing so, it aims to contribute positively to the community and support those in need of educational opportunities.
Official website here: www.thelegacyoflovefdn.org
What is the revenue of The Legacy Of Love Foundation Inc?
The Legacy Of Love Foundation Inc's revenue in 2024 was $139,093.
Official website here: www.thelegacyoflovefdn.org
Who are the executives of The Legacy Of Love Foundation Inc and what are their salaries?
There 25 volunteers at The Legacy Of Love Foundation Inc.
Here are 13 key members and their salaries:
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Official website here: www.thelegacyoflovefdn.org
Where can I find the form 990 for The Legacy Of Love Foundation Inc?
The Legacy Of Love Foundation Inc's most recent form 990 was submitted in 2024 and can be accessed here.
Official website here: www.thelegacyoflovefdn.org
Learn more at the official website: www.thelegacyoflovefdn.org
Mission Statement of The Legacy Of Love Foundation Inc
The Legacy of Love Foundation Inc is committed to promoting academic excellence, offering support to the underprivileged, and working towards improving the overall quality of life in the community. This nonprofit organization achieves its objectives through various means, primarily fundraising activities. Its mission, in essence, is to identify deserving students and provide them with educational scholarships to help them pursue higher education. This financial assistance not only aids in their academic journey but also equips them with the necessary tools to contribute positively to their communities and society at large. By supporting students in this way, The Legacy of Love Foundation Inc plays a significant role in fostering a more educated and capable population, ultimately contributing to the betterment of the community as a whole.
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Impact
August, 2024
The Legacy Of Love Foundation Inc has made a significant impact by promoting academic excellence, supporting the underserved, and enhancing the quality of life in the community. Through fundraising efforts, the foundation has been able to provide educational scholarships to deserving students pursuing higher education. This support has not only empowered individuals to reach their educational goals but has also contributed to the overall betterment of the community. The foundation's dedication to education is evident in its mission to uplift individuals and help them achieve their full potential.
This information is meant to be a general summary of The Legacy Of Love 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 2024.
- Investment Income: $85,289
- Gross Receipts: $139,093
Assets and Liabilities:
- Total Assets: $864,120
- Total Liabilities: $0
- Net Assets: $864,120
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Organization Details
Founding Year
1981
Principal Officer
Barbara Wells
Website
www.thelegacyoflovefdn.orgNTEE Category
Code: B82 - Education
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