Overview
What is Save Lucy Committee Inc?
Save Lucy Committee Inc., based in Margate, New Jersey, is a dedicated nonprofit organization with a primary focus on preserving Lucy the Margate Elephant, a renowned national historic landmark. With 22 dedicated employees, the committee's mission revolves around the restoration and maintenance of this iconic structure, ensuring its longevity and historical significance for future generations. Their efforts extend beyond just preservation, as they work tirelessly to promote and celebrate Lucy's historical and cultural importance.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 65%, earning a Two-Star out of Four Star rating.
The Save Lucy Committee Inc has received a Two-Star rating primarily due to its 65% score in Accountability & Finance. While the organization demonstrates strengths such as a fully independent board and a strong program expense ratio of 87.06%, there are significant weaknesses, particularly in financial transparency and governance policies. The absence of financial statements and other critical documents limits the ability to assess the organization's overall financial health effectively.
While the organization appears to responsibly allocate most of its expenses toward programs, the lack of required financial documentation and policies raises concerns about accountability. The missing conflict of interest, whistleblower, and document retention policies indicate potential governance deficiencies. Furthermore, the absence of tax forms on the nonprofit's website restricts transparency and public access to essential financial information.
Overall, while the Save Lucy Committee Inc shows commitment in certain areas, the gaps in governance and financial reporting suggest that potential donors and supporters should approach with caution and seek further clarification on these critical issues.
This AI summary has been generated from information found on Charity Navigator.
Is Save Lucy Committee Inc legitimate?
Save Lucy Committee Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Save Lucy Committee 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: $240,825
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
What is the mission statement of Save Lucy Committee Inc?
The Save Lucy Committee Inc is dedicated to the preservation and restoration of a notable landmark, specifically Lucy the Elephant. Their mission is to ensure Lucy's continuation as a national historic site, maintaining her integrity and significance for future generations. Through their efforts, they aim to protect and conserve this iconic structure, upholding its historical value and cultural significance.
What is the revenue of Save Lucy Committee Inc?
Save Lucy Committee Inc's revenue in 2023 was $655,734.
Who are the executives of Save Lucy Committee Inc and what are their salaries?
The average compensation at Save Lucy Committee Inc during 2023 was $10,471. There are 23 employees at Save Lucy Committee Inc.
Here are 17 key members and their salaries:
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Where can I find the form 990 for Save Lucy Committee Inc?
Save Lucy Committee Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of Save Lucy Committee Inc
Save Lucy Committee Inc is dedicated to preserving and restoring Lucy the Elephant, a notable historical landmark. Their mission is centered around maintaining the integrity and significance of this iconic structure, ensuring it continues to stand as a testament to the past. By undertaking restoration efforts, they strive to protect Lucy's historical value, ensuring future generations can appreciate its unique charm and historical significance.
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Impact
July, 2024
Save Lucy Committee Inc's impact is significant in the preservation and maintenance of Lucy the Elephant as a national historic landmark. Through their efforts, they ensure that this iconic structure remains a symbol of history and heritage for the city of Margate, NJ. Their mission to restore and maintain Lucy contributes to the cultural and historical significance of the area, attracting visitors and educating the public about the importance of preserving our heritage.
This information is meant to be a general summary of Save Lucy Committee 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 2023.
- Investment Income: $50,462
- Program Service Revenue: $277,783
- Gross Receipts: $1,533,919
Assets and Liabilities:
- Total Assets: $2,426,690
- Total Liabilities: $548,217
- Net Assets: $1,878,473
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
EDUCATIONAL TOURS
Revenue
$277,783
Organization Details
Principal Officer
Richard Helfant
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