Overview
What is The Luzerne Foundation?
The Luzerne Foundation is a community foundation based in Wilkes-Barre, Pennsylvania. Established in 1994, it serves the residents of Luzerne County by managing charitable funds and granting them to support programs in areas such as social services, education, arts and culture, neighborhood development, youth issues, historic preservation, and health and wellness. The foundation's mission is to enhance the lives of county residents by addressing community needs through strategic grantmaking, promoting responsible philanthropy, and connecting donors to causes that matter to them. It encourages donors to make informed giving decisions and provides resources to help them do so. The Luzerne Foundation manages over 400 funds and has distributed more than $179 million in grants since its inception. With over $60 million in assets, it continues to be a positive force for good in the community.
Official website here: www.luzfdn.org
What are the reviews and ratings of this charity?
Rating from Charity Navigator: 97%, Four-Star out of Four Star rating.
The Luzerne Foundation has achieved an impressive Four-Star rating from Charity Navigator, reflecting a strong commitment to accountability and financial management. With a perfect score in key areas such as majority independent board members and financial oversight, the foundation demonstrates effective governance and transparency in its operations.
Strengths highlighted in the analysis include a high program expense ratio of 71.17%, indicating that the majority of funds are utilized for programs rather than administrative costs. Additionally, the foundation exhibits a low fundraising efficiency ratio of $0.08, showcasing its ability to raise funds effectively while keeping costs minimal. These metrics suggest a sound financial strategy that prioritizes service delivery.
While the foundation's performance metrics are outstanding, the data does not reveal any noted limitations or areas for improvement. Overall, The Luzerne Foundation stands out for its integrity, efficient use of resources, and strong governance, making it a reputable choice for donors looking to support a well-managed nonprofit organization.
This AI summary has been generated from information found on Charity Navigator.
What do the Facebook reviews say about The Luzerne Foundation?
100% of 7 reviewers on Facebook recommend The Luzerne Foundation. Here is a summary of their reviews:
The comments consistently highlight the foundation's commitment to assisting individuals and communities, emphasizing its impactful support and dedication. Reviewers express gratitude for the organization's role in making aspirations a reality, showcasing how the foundation's efforts have positively changed lives.
Overall, the sentiment surrounding The Luzerne Foundation is overwhelmingly positive, with many appreciating the personalized assistance and the difference the organization is making within the community.
This AI summary has been generated from reviews found on Facebook.
Is The Luzerne Foundation legitimate?
The Luzerne Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Luzerne Foundation 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: $250,224
Professional Fundraising Fees: $0
Other Salaries and Wages: $324,371
For more financial information, click here
Official website here: www.luzfdn.org
What is the mission statement of The Luzerne Foundation?
The Luzerne Foundation is a charitable organization recognized as a Pennsylvania non-profit and tax-exempt public charity. Its mission is to enhance the quality of life in the community by raising funds and distributing resources to various areas, including social services, education and scholarships, arts and culture, neighborhoods and community development, youth issues, historic preservation and the environment, and health and wellness. Through the generosity of its donors, the foundation supports initiatives that make a significant impact on the region, enabling access to arts, education, healthcare, and safe neighborhoods.
Official website here: www.luzfdn.org
Who is the CEO of The Luzerne Foundation?
C David Pedri is the CEO of The Luzerne Foundation The CEO's salary of The Luzerne Foundation is $205,440 and their total compensation is $240,623.
Official website here: www.luzfdn.org
What is the revenue of The Luzerne Foundation?
The Luzerne Foundation's revenue in 2023 was $7,103,977.
Official website here: www.luzfdn.org
Who are the executives of The Luzerne Foundation and what are their salaries?
The average compensation at The Luzerne Foundation during 2023 was $71,824. There are 8 employees and 30 volunteers at The Luzerne Foundation.
Here are 25 key members and their salaries (The Luzerne Foundation's CEO's salary is $205,440 and their total compensation is $240,623):
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- Compensation: $205,440
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- Other: $35,183
Official website here: www.luzfdn.org
Where can I find the form 990 for The Luzerne Foundation?
The Luzerne Foundation's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.luzfdn.org
Learn more at the official website: www.luzfdn.org
Mission Statement of The Luzerne Foundation
The Luzerne Foundation, a recognized Pennsylvania non-profit corporation and tax-exempt public charity by the IRS, is dedicated to making their community a better place to live, work, and play. Through the generosity of their donors, the Foundation supports various areas essential for a healthy and sustainable community, including social services, education and scholarship, arts and culture, neighborhoods and community development, youth issues, historic preservation and the environment, and health and wellness. By facilitating philanthropy, the Luzerne Foundation enables individuals to enhance the quality of life for others and appreciate the beauty of their region, ensuring access to education, healthcare, arts, and safe neighborhoods.
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Impact
October, 2024
The Luzerne Foundation plays a transformative role in enhancing the quality of life for residents of Luzerne County, Pennsylvania. By actively raising contributions from the community, the Foundation supports a wide array of charitable and educational programs that address emerging community needs while fostering a culture of philanthropy.
It manages over 400 unique funds, enabling donors to contribute in ways that align closely with their personal values and philanthropic goals. The Foundation’s strategic grantmaking focuses on seven critical areas: social services, education and scholarships, arts and culture, neighborhoods and community development, youth issues, historic preservation and the environment, and health and wellness.
Since its inception, the Luzerne Foundation has distributed over $179 million in grants, making a significant impact locally and globally. The Foundation's approach is donor-centric, encouraging effective charitable decisions while actively listening to the needs of the community and its supporters.
Moreover, through educational resources and collaboration with community organizations, the Foundation emphasizes the importance of informed philanthropy, helping donors understand the benefits of their contributions. By acting as a catalyst for collaboration among diverse groups, it addresses community challenges while building capacity in local nonprofits.
In essence, the Luzerne Foundation is a vital force for positive change, ensuring a healthy and sustainable community for both current and future generations.
This information is meant to be a general summary of The Luzerne Foundation. 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 2023.
- Investment Income: $1,370,967
- Gross Receipts: $28,345,937
Assets and Liabilities:
- Total Assets: $61,439,723
- Total Liabilities: $11,233,048
- Net Assets: $50,206,675
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Organization Details
Founding Year
1994
Principal Officer
C David Pedri
Website
www.luzfdn.orgNTEE Category
Code: B82 - Education
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