Overview
What is Lincoln Trail College Foundation?
Lincoln Trail College Foundation is a nonprofit organization based in Robinson, Illinois, dedicated to supporting a specific recreation center, sports team, or social club associated with Lincoln Trail College. Their primary objective is to offer assistance and enhance the resources available to this entity. The foundation's mission revolves around providing essential support to Lincoln Trail College, thereby contributing to its growth and success. Though the information provided is limited, it is clear that the Lincoln Trail College Foundation plays a significant role in promoting and enhancing the activities and opportunities offered by the college.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 82%, Three-Star out of Four Star Rating
The Lincoln Trail College Foundation has received a solid rating of 82%, indicating a strong performance, particularly in the area of Accountability & Finance. The score reflects an overall positive assessment of the foundation's financial health and governance practices, suggesting that the organization is well-managed and accountable to its stakeholders.
One significant strength is the foundation's fully independent board, which consists of 21 members, thereby ensuring that governance decisions are made without conflicts of interest. The foundation has also been proactive in its financial oversight, with a perfect score for its audit and oversight committee and no material diversion of assets reported. Furthermore, a high program expense ratio of over 82% indicates that a substantial portion of funds is directed toward its mission-related programs.
Despite the strong financial and governance ratings, the overall score is based solely on the Accountability & Finance beacon. This may suggest that there could be areas of programmatic impact and effectiveness that are not fully captured in this rating. While the foundation demonstrates strong financial practices, potential donors may want to seek further information on the outcomes and effectiveness of its programs.
This AI summary has been generated from information found on Charity Navigator.
Is Lincoln Trail College Foundation legitimate?
Lincoln Trail College Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Lincoln Trail College 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: $19,800
Professional Fundraising Fees: $0
Other Salaries and Wages: $44,425
For more financial information, click here
What is the mission statement of Lincoln Trail College Foundation?
The Lincoln Trail College Foundation, an organization based on supporting a specific educational institution, has a mission to aid Lincoln Trail College. Their primary objective is to provide essential assistance to this educational institution. By doing so, they contribute to its overall growth and development. The foundation's role is pivotal in ensuring the college has the necessary resources to thrive and serve its students effectively.
Who is the CEO of Lincoln Trail College Foundation?
James R Harmon is the Treasurer of Lincoln Trail College Foundation.
What is the revenue of Lincoln Trail College Foundation?
Lincoln Trail College Foundation's revenue in 2023 was $783,564.
Who are the executives of Lincoln Trail College Foundation and what are their salaries?
The average compensation at Lincoln Trail College Foundation during 2023 was $21,408. There are 3 employees at Lincoln Trail College Foundation.
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Where can I find the form 990 for Lincoln Trail College Foundation?
Lincoln Trail College Foundation's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of Lincoln Trail College Foundation
The Lincoln Trail College Foundation is an organization dedicated to supporting Lincoln Trail College. Its mission lies in providing essential assistance to this educational institution. The Foundation's primary goal is to contribute to the college's well-being and success, ensuring it has the resources it needs to thrive. By doing so, the Foundation aims to foster a conducive learning environment for students and contribute to the overall development of the college.
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Impact
October, 2024
Lincoln Trail College Foundation plays a vital role in supporting Lincoln Trail College and enhancing the educational experiences of its students. By providing financial assistance, the foundation helps ensure that students have access to scholarships, resources, and programs that enrich their academic journey. This support not only helps alleviate the financial burden on students but also enables them to participate in various educational and extracurricular activities.
The foundation's commitment to education fosters a strong community in Robinson, IL, where students can thrive academically and socially. By backing Lincoln Trail College, the foundation contributes to the workforce development of the region, equipping students with the skills and knowledge necessary to succeed in their careers. Ultimately, the Lincoln Trail College Foundation's impact resonates through the lives of students and the broader community, creating a positive and lasting influence on education and personal growth.
This information is meant to be a general summary of Lincoln Trail College 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: $186,004
- Gross Receipts: $818,710
Assets and Liabilities:
- Total Assets: $6,684,525
- Total Liabilities: $40,633
- Net Assets: $6,643,892
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Organization Details
Founding Year
1970
Phone
(618) 544-2373Principal Officer
James R Harmon
Main Address
2135 East Main St, Robinson, IL, 62454
NTEE Category
Code: B110 - Education
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