Overview
What is Los Angeles Breakfast Club Foundation?
The Los Angeles Breakfast Club Foundation is a nonprofit organization situated in Los Angeles, California. Their primary mission is to support and aid publicly backed charitable organizations in their endeavors for noble causes. In the recent year, they granted assistance to 32 such organizations, with 31 receiving grants of $1,500 each and one receiving a grant of $1,000. The foundation's purpose is to contribute to the betterment of various charitable causes within the community.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 61%, earning a Two-Star out of Four Star rating.
The Los Angeles Breakfast Club Foundation has received a Two-Star rating from Charity Navigator, indicating a below-average performance in terms of accountability and finance. Although the organization has an independent board with no material diversion of assets and maintains good practices regarding board meeting documentation, there are significant gaps in their operational policies, including missing conflict of interest and whistleblower policies.
Financially, the foundation has a program expense ratio of 60.30%, which while decent, falls short of optimal standards in the nonprofit sector. Furthermore, the absence of critical information on their website, such as tax forms, reduces transparency and could potentially raise concerns among donors regarding the organization's accountability practices. These limitations indicate areas needing improvement to enhance fiscal responsibility and public trust.
This AI summary has been generated from information found on Charity Navigator.
Is Los Angeles Breakfast Club Foundation legitimate?
Los Angeles Breakfast Club Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Los Angeles Breakfast Club 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
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What is the mission statement of Los Angeles Breakfast Club Foundation?
The Los Angeles Breakfast Club Foundation's mission is to support and aid worthy charitable organizations in their pursuit of noble causes. They accomplish this by providing financial assistance, granting funds to a total of 32 organizations annually. The majority of these grants are for $1500, with one exception of a $1000 grant. The foundation's contributions aim to contribute positively to various good causes.
Who is the CEO of Los Angeles Breakfast Club Foundation?
Jill Masters is the President of Los Angeles Breakfast Club Foundation.
What is the revenue of Los Angeles Breakfast Club Foundation?
Los Angeles Breakfast Club Foundation's revenue in 2022 was $27,701.
Who are the executives of Los Angeles Breakfast Club Foundation and what are their salaries?
There 8 volunteers at Los Angeles Breakfast Club Foundation.
Here are 8 key members and their salaries:
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Where can I find the form 990 for Los Angeles Breakfast Club Foundation?
Los Angeles Breakfast Club Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Los Angeles Breakfast Club Foundation
The Los Angeles Breakfast Club Foundation, in its mission, aims to support and aid publicly backed charitable organizations in their endeavors to advance noble causes. By granting funds and assistance, this nonprofit organization contributes to the collective efforts of these charities, enabling them to make a significant impact in their respective fields. During a particular year, the foundation extended its support to 32 such organizations, allocating funds of $1500 each to 31 beneficiaries, and an additional grant of $1000 to another worthy cause. By doing so, the Los Angeles Breakfast Club Foundation plays a pivotal role in amplifying the reach and impact of these charitable organizations, thereby contributing to a more compassionate and inclusive society.
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Impact
August, 2024
The Los Angeles Breakfast Club Foundation's impact is felt through its support and grants to charitable organizations dedicated to good causes. In the past year, the foundation granted a total of 32 organizations in Los Angeles, California. This support, amounting to $49,000 in total, helps these organizations in their missions to make positive contributions to the community. Through this funding, the foundation plays a crucial role in uplifting and empowering various charitable causes in the area.
This information is meant to be a general summary of Los Angeles Breakfast Club 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 2022.
- Investment Income: $24,368
- Gross Receipts: $155,946
Assets and Liabilities:
- Total Assets: $674,875
- Total Liabilities: $0
- Net Assets: $674,875
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Organization Details
Founding Year
1968
Phone
(323) 662-1191Principal Officer
Jill Masters
Main Address
POBOX 291831, LOS ANGELES, CA, 900298831
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