Overview
What is Los Angeles Police Memorial Foundation?
The Los Angeles Police Memorial Foundation is a nonprofit organization situated in Los Angeles, California, specifically at 1880 N Academy Drive, 90012. Its primary mission is to support the Los Angeles Police Department's employees and their families in times of financial hardship. This is achieved through various means, including grant distribution for individuals facing challenges due to death, injury, or illness. The foundation also provides educational scholarships, medical assistance, and covers funeral expenses. By offering these services, the Los Angeles Police Memorial Foundation aims to alleviate the financial burdens faced by these individuals, ensuring they can focus on recovery and healing.
Official website here: www.lapmf.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 96% (Four-Star out of Four Stars)
The Los Angeles Police Memorial Foundation has achieved a high rating of 96%, which reflects its strong commitment to accountability and financial management. The organization scored a perfect 100% for having an independent board, demonstrating effective governance and oversight. Its financial practices are impressive, with a low liabilities to assets ratio of just 0.03%, indicating that it manages its resources effectively.
Additionally, the Foundation's program expense ratio stands at 91.38%, meaning a significant portion of its expenditures directly supports its mission. This high percentage suggests that the organization is effectively utilizing its funds to fulfill its purpose. The presence of policies on conflict of interest, whistleblower protections, and document retention further underscores its dedication to transparency and ethical operations.
Overall, the data indicates that the Los Angeles Police Memorial Foundation operates with strong financial prudence and accountability, making it a trustworthy entity for donors. However, while the financial metrics are commendable, feedback on programmatic impact and community engagement could provide a more comprehensive picture of the organization's effectiveness.
This AI summary has been generated from information found on Charity Navigator.
Is Los Angeles Police Memorial Foundation legitimate?
Los Angeles Police Memorial Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Los Angeles Police Memorial 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: $167,708
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.lapmf.org
What is the mission statement of Los Angeles Police Memorial Foundation?
The Los Angeles Police Memorial Foundation's mission is to extend financial aid to employees and families of the Los Angeles Police Department who are grappling with financial hardships due to unfortunate circumstances such as death, injury, or illness. In pursuit of this goal, the foundation offers various forms of assistance, including scholarship awards and educational benefits, as well as financial and medical aid. Furthermore, the foundation provides support during funerals for those who have lost their lives in the line of duty.
Official website here: www.lapmf.org
Who is the CEO of Los Angeles Police Memorial Foundation?
Glynn Martin is the President of Los Angeles Police Memorial Foundation.
Official website here: www.lapmf.org
What is the revenue of Los Angeles Police Memorial Foundation?
Los Angeles Police Memorial Foundation's revenue in 2022 was $1,055,354.
Official website here: www.lapmf.org
Who are the executives of Los Angeles Police Memorial Foundation and what are their salaries?
The average compensation at Los Angeles Police Memorial Foundation during 2022 was $167,708. There is 1 employee and 20 volunteers at Los Angeles Police Memorial Foundation.
Here are 13 key members and their salaries:
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- Compensation: $167,708
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Official website here: www.lapmf.org
Where can I find the form 990 for Los Angeles Police Memorial Foundation?
Los Angeles Police Memorial Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.lapmf.org
Learn more at the official website: www.lapmf.org
Mission Statement of Los Angeles Police Memorial Foundation
The Los Angeles Police Memorial Foundation serves a critical role in supporting the Los Angeles Police Department's employees and their families who encounter financial hardships. This nonprofit organization provides grants to individuals facing financial challenges due to unfortunate circumstances such as death, injury, or illness. In times of need, the foundation offers a range of assistance, including financial aid, medical support, and educational benefits through scholarship awards. Additionally, the foundation extends its support in the form of funeral expenses, ensuring that the families of fallen officers receive the help they require during their most difficult moments.
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Impact
October, 2024
The Los Angeles Police Memorial Foundation significantly impacts the community by providing crucial financial support to Los Angeles Police Department employees and their families facing hardships. Through grants, the foundation helps those dealing with the challenges of death, injury, or illness, ensuring that they receive the necessary assistance during difficult times.
This support encompasses a range of services, including scholarship awards and educational benefits, which help secure the future of the children of fallen or injured officers. Additionally, financial and medical assistance is provided, alleviating the burden of unexpected expenses that can arise from these tragic situations. The foundation also assists with funeral costs, showing deep compassion for the families who have lost loved ones in the line of duty.
By addressing these critical needs, the foundation plays a vital role in bolstering the morale of law enforcement personnel and their families, fostering a sense of community and solidarity within the public safety sector. Its commitment to public safety and support for those who serve enhances the overall well-being of the Los Angeles community.
This information is meant to be a general summary of Los Angeles Police Memorial 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: $448,227
- Gross Receipts: $1,055,354
Assets and Liabilities:
- Total Assets: $14,907,076
- Total Liabilities: -$2,868
- Net Assets: $14,909,944
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Organization Details
Founding Year
1972
Phone
(323) 276-5970Principal Officer
Glynn Martin
Main Address
1880 N ACADEMY DR, LOS ANGELES, CA, 90012
Website
www.lapmf.orgNTEE Category
Code: M20 - Public safety
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