Overview
What is Western Lane Community Foundation?
The Western Lane Community Foundation is a dedicated nonprofit organization situated in Western Lane County. Its primary objective is to enhance the local community's quality of life through two primary means: granting scholarships to deserving students and offering financial aid to local non-profit organizations. This support is extended based on well-structured applications, utilizing funds derived from their endowment. The foundation's mission is to contribute positively to Western Lane County, thereby fostering growth and development in the area.
Official website here: www.wlcf@wlcfonline.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 69% (Two-Star out of Four Star Rating)
The Western Lane Community Foundation has received a two-star rating from Charity Navigator, indicating a moderate level of accountability and financial health with a score of 69%. Notably, the foundation has a fully independent board, which contributes positively to its governance structure. Additionally, it maintains a strong program expense ratio, allocating 100% of its expenses directly to programs, demonstrating a commitment to its mission.
However, there are significant areas for improvement. The foundation lacks key policies such as a conflict of interest policy, a whistleblower policy, and a document retention and destruction policy, all of which are essential for ensuring transparency and accountability. While the absence of these policies negatively impacts its overall score, the foundation has not reported any material diversion of assets, and it effectively documents its board meeting minutes.
Overall, while the Western Lane Community Foundation shows strengths in governance and program spending, it must address its policy gaps to enhance its accountability and transparency, which would likely improve its rating in the future.
This AI summary has been generated from information found on Charity Navigator.
Is Western Lane Community Foundation legitimate?
Western Lane Community Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Western Lane Community 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:
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For more financial information, click here
Official website here: www.wlcf@wlcfonline.org
What is the mission statement of Western Lane Community Foundation?
The Western Lane Community Foundation works towards enhancing life in its respective community. It achieves this mission by granting funds to local non-profit organizations and offering scholarships to students, all sourced from endowment funds. The foundation follows a formal application process to distribute these resources. The primary goal is to contribute positively to the community's well-being.
Official website here: www.wlcf@wlcfonline.org
Who is the CEO of Western Lane Community Foundation?
Gayle Waiss is the Treasurer of Western Lane Community Foundation.
Official website here: www.wlcf@wlcfonline.org
What is the revenue of Western Lane Community Foundation?
Western Lane Community Foundation's revenue in 2022 was $798,169.
Official website here: www.wlcf@wlcfonline.org
Who are the executives of Western Lane Community Foundation and what are their salaries?
Here are 13 key members and their salaries:
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Official website here: www.wlcf@wlcfonline.org
Where can I find the form 990 for Western Lane Community Foundation?
Western Lane Community Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.wlcf@wlcfonline.org
Learn more at the official website: www.wlcf@wlcfonline.org
Mission Statement of Western Lane Community Foundation
The Western Lane Community Foundation, as a dedicated non-profit organization, is committed to enhancing the quality of life in its community. Its primary mission is twofold: it awards scholarships to deserving students and provides financial aid to local charities through grant distributions. This is accomplished by evaluating applications meticulously and disbursing funds from its endowment resources. The foundation's objective is to contribute positively to the community, fostering growth and development among its youth and supporting the initiatives of local non-profit organizations.
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Impact
October, 2024
Western Lane Community Foundation enhances life in Western Lane County by awarding scholarships to students and providing financial support to local non-profit organizations. Through a structured application process, funds from their endowment are allocated to initiatives that address community needs, fostering educational opportunities and strengthening local services. By investing in the community's future, the foundation plays a crucial role in promoting growth and improving the overall quality of life for residents in Florence and the surrounding areas.
This information is meant to be a general summary of Western Lane Community 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: $165,994
- Gross Receipts: $798,169
Assets and Liabilities:
- Total Assets: $11,035,685
- Total Liabilities: $0
- Net Assets: $11,035,685
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Organization Details
Phone
(541) 997-1274Principal Officer
Gayle Waiss
Main Address
PO BOX 1589, FLORENCE, OR, 97439
Website
www.wlcf@wlcfonline.orgNTEE Category
Code: T31 - Philanthropy
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