Overview
What is The Latrobe Foundation Inc?
The Latrobe Foundation Inc is a nonprofit organization situated in Latrobe, Pennsylvania, and its surrounding areas. Its primary objective is to promote the welfare of the local community through charitable, educational, literary, and recreational initiatives. The organization is led by Charles C Masonjr, who is dedicated to contributing to the betterment of the city's residents in these areas. The Latrobe Foundation's mission is to enhance the overall well-being of the people of Latrobe, PA, by pursuing charitable, educational, literary, and recreational purposes.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 86%, Three-Star out of Four Star rating
The Latrobe Foundation Inc. has received a solid 86% rating from Charity Navigator, indicating a commendable level of accountability and finance management. This score is based entirely on the Accountability & Finance beacon, reflecting the organization’s commitment to responsible financial practices and transparency.
The foundation stands out with a fully independent board, scoring 100% on board independence and maintaining a robust financial oversight system, as evidenced by its audit committee's perfect score. Additionally, it has demonstrated strong program expense efficiency with 98.64% of its expenses directed towards its programs, highlighting its focus on mission-driven activities.
However, while the overall rating is positive, it is important for potential donors to consider that this evaluation is based solely on financial metrics and does not encompass other areas like program impact or public engagement. Therefore, donors should look for additional information on the foundation's program effectiveness and community feedback.
This AI summary has been generated from information found on Charity Navigator.
Is The Latrobe Foundation Inc legitimate?
The Latrobe Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Latrobe Foundation 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.
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What is the mission statement of The Latrobe Foundation Inc?
The Latrobe Foundation operates with the primary aim of contributing to the betterment of various sectors for the benefit of its community. Specifically, it focuses on charitable, educational, literary, and recreational purposes to enhance the well-being of its constituents. The organization's activities are dedicated to serving this mission, without specifying a specific location in the provided information.
Who is the CEO of The Latrobe Foundation Inc?
Charles C Masonjr is the President of The Latrobe Foundation Inc.
What is the revenue of The Latrobe Foundation Inc?
The Latrobe Foundation Inc's revenue in 2022 was $722,729.
Who are the executives of The Latrobe Foundation Inc and what are their salaries?
Here are 20 key members and their salaries:
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Where can I find the form 990 for The Latrobe Foundation Inc?
The Latrobe Foundation Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of The Latrobe Foundation Inc
The Latrobe Foundation, a nonprofit organization, is dedicated to enhancing the welfare of its community. It carries out its mission through charitable, educational, literary, and recreational initiatives. The organization, under the leadership of Charles C Masonjr, is committed to making a positive impact on the lives of its people, extending its reach beyond the confines of a specific location. The Latrobe Foundation's activities are geared towards uplifting its community, fostering a sense of improvement and progress.
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Impact
October, 2024
The Latrobe Foundation Inc plays a vital role in enhancing the welfare of the community in Latrobe, PA, and its surrounding areas. Through its focused initiatives, the foundation addresses a variety of needs by promoting charitable, educational, literary, and recreational activities. These efforts enrich the lives of local residents, fostering a sense of community and encouraging personal and collective growth.
By supporting educational programs and providing resources for literary pursuits, the foundation helps to cultivate a well-informed and engaged citizenry. Additionally, its recreational offerings promote health and wellness, contributing to a higher quality of life for all residents. Under the leadership of Charles C. Mason Jr., the foundation remains committed to uplifting the Latrobe community, ensuring that individuals have access to vital resources that support their development and well-being. This holistic approach not only addresses immediate community needs but also builds a strong foundation for future generations.
This information is meant to be a general summary of The Latrobe Foundation 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 2022.
- Investment Income: -$40,080
- Gross Receipts: $813,337
Assets and Liabilities:
- Total Assets: $3,575,803
- Total Liabilities: $0
- Net Assets: $3,575,803
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Organization Details
Founding Year
1950
Phone
(724) 537-5588Principal Officer
Charles C Masonjr
Main Address
PO BOX 110, LATROBE, PA, 15650
NTEE Category
Code: T30 - Philanthropy
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