Overview
What is Isaac Laub Memorial Milk Fund?
The Isaac Laub Memorial Milk Fund is a nonprofit organization situated in Birmingham, Alabama. Their primary mission is to offer educational assistance to underprivileged students within the Natchez, Adams County, Mississippi, public school system. They achieve this by providing essential educational resources, such as textbooks, lunches, and various learning tools, to help these students thrive academically. The organization's efforts aim to bridge the gap for students in need, ensuring they have the necessary tools to succeed in their education.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 53% (One-Star out of Four Stars)
The Isaac Laub Memorial Milk Fund has received a low score of 53%, indicating significant areas of concern regarding its accountability and financial management. The organization has a notably poor rating in areas such as board independence and governance practices, with a score of 0 out of 10 for both majority independent board members and the independent board size. Additionally, the absence of essential policies such as conflict of interest and whistleblower protections raises questions about the operational integrity of the organization.
Despite its weaknesses in governance, the fund demonstrates some strengths in financial health, particularly with a strong liabilities-to-assets ratio and an effective program expense ratio. This indicates that the organization is managing its financial obligations well and is directing a significant portion of its expenditures towards its core mission. However, the lack of transparency on its website, as evidenced by a score of 0 for having tax forms posted, further detracts from its credibility and public trust.
Overall, while the Isaac Laub Memorial Milk Fund shows potential in its financial management, the serious governance issues and lack of transparency must be addressed to improve its standing and effectiveness as a nonprofit organization. Stakeholders and potential donors should consider these factors carefully before engaging with the charity.
This AI summary has been generated from information found on Charity Navigator.
Is Isaac Laub Memorial Milk Fund legitimate?
Isaac Laub Memorial Milk Fund is a legitimate nonprofit organization registered as a 501(c)(3) entity. Isaac Laub Memorial Milk Fund 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: $5,796
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
What is the mission statement of Isaac Laub Memorial Milk Fund?
The Isaac Laub Memorial Milk Fund's mission is focused on providing essential educational aids to underprivileged students within the public school system of Natchez, Adams County, Mississippi. This includes distributing books, providing nutritious lunches, and offering various other educational resources to help these students thrive academically. The organization's primary objective is to bridge educational gaps and ensure that all students have an equal opportunity to learn.
Who is the CEO of Isaac Laub Memorial Milk Fund?
Unavailable
What is the revenue of Isaac Laub Memorial Milk Fund?
Isaac Laub Memorial Milk Fund's revenue in 2022 was $59,669.
Who are the executives of Isaac Laub Memorial Milk Fund and what are their salaries?
Here are 3 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $5,796
- Related: $0
- Other: $0
Where can I find the form 990 for Isaac Laub Memorial Milk Fund?
Isaac Laub Memorial Milk Fund's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Isaac Laub Memorial Milk Fund
The Isaac Laub Memorial Milk Fund is a nonprofit organization dedicated to providing educational support for students in need. Specifically, it focuses on supplying books, lunches, and various educational aids to pupils within the Natchez, Adams County, Mississippi, public school system. By offering these essential resources, the fund aims to ensure that these students have the necessary tools to excel academically, despite their financial circumstances. The organization's mission is to bridge the educational gap for underprivileged students, thereby empowering them to reach their full potential.
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Impact
October, 2024
The Isaac Laub Memorial Milk Fund significantly impacts the educational landscape for needy students in the Natchez, Adams County, MS public school system. By providing essential resources such as books, lunches, and other educational aids, it bridges gaps that may hinder students' learning and development. Access to these materials ensures that students are not only fed but also supported academically, fostering an environment where they can thrive despite economic challenges. This initiative helps promote educational equity and contributes to a stronger foundation for the future of these young learners.
This information is meant to be a general summary of Isaac Laub Memorial Milk Fund. 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: $59,669
- Gross Receipts: $305,498
Assets and Liabilities:
- Total Assets: $969,995
- Total Liabilities: $0
- Net Assets: $969,995
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Organization Details
Founding Year
1931
Phone
(205) 820-3141Main Address
P O BOX 11647, BIRMINGHAM, AL, 35202
NTEE Category
Code: B20I - Education
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