Overview
What is Lutheran Seniorlife Foundation?
Lutheran Seniorlife Foundation is a 501(c)(3) charitable organization, established in September 1992, located in Cranberry Township, Pennsylvania. Their primary mission is to support and oversee contributions for Lutheran Seniorlife, St. John Specialty Care Center, Passavant Retirement Community, and other affiliated organizations, all of which serve the elderly. The foundation manages contributed funds, invests them wisely, and distributes the earnings to further the beneficiary organizations' missions. In the fiscal year ending June 30, 2022, the foundation received $243,774 in gifts and bequests, with $95,911 coming from unrestricted contributions. As of the same date, the foundation's investments included cash equivalents, securities, and a real estate investment. The purpose of Lutheran Seniorlife Foundation is to facilitate charitable giving from various donors, including individuals, churches, employees, foundations, and corporations, aiming to support benevolent care, senior communities, and programs and services for the elderly.
Official website here: www.lutheranseniorlife.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 56%, One-Star out of Four Star rating.
Lutheran Seniorlife Foundation has received a low rating of 56%, indicating concerns primarily in the areas of accountability and finance. While the organization has an independent board with 92% of members being independent and a strong audit and oversight committee, it struggles with its financial management, particularly with a low program expense ratio of 35.43%.
The foundation demonstrates several positive governance practices, including a conflict of interest policy and a whistleblower policy, both of which are in place. However, it lacks transparency in its financial reporting, as its tax form is not available on its website. Additionally, the organization's liabilities to assets ratio of 32.83% raises concerns about its financial stability and sustainability.
Overall, while Lutheran Seniorlife Foundation has established some strong governance practices, the low rating reflects significant weaknesses in financial health and transparency that potential donors and stakeholders may want to consider.
This AI summary has been generated from information found on Charity Navigator.
Is Lutheran Seniorlife Foundation legitimate?
Lutheran Seniorlife Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Lutheran Seniorlife 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $288,381
For more financial information, click here
Official website here: www.lutheranseniorlife.org
What is the mission statement of Lutheran Seniorlife Foundation?
The Lutheran Seniorlife Foundation serves as a platform for charitable giving, primarily from individuals, churches, employees, foundations, and corporations, who are committed to supporting the benevolent care, senior communities, and programs and services for the elderly. The foundation's mission is to facilitate these donations, oversee and manage the contributed funds, and invest them wisely to further the mission of affiliated organizations, aiming to enhance the lives of the elderly, regardless of their physical condition or financial circumstances. In the fiscal year ending June 30, 2022, the foundation received gifts and bequests totaling $243,774, with $95,911 in unallocated contributions. As of the same date, the foundation's investments consisted of cash equivalents, securities, and a real estate investment.
Official website here: www.lutheranseniorlife.org
Who is the CEO of Lutheran Seniorlife Foundation?
David J Renoglietto is the Principal Officer of Lutheran Seniorlife Foundation. The CEO's salary of Lutheran Seniorlife Foundation is $0 and their total compensation is $391,282.
Official website here: www.lutheranseniorlife.org
What is the revenue of Lutheran Seniorlife Foundation?
Lutheran Seniorlife Foundation's revenue in 2022 was $770,826.
Official website here: www.lutheranseniorlife.org
Who are the executives of Lutheran Seniorlife Foundation and what are their salaries?
There 8 volunteers at Lutheran Seniorlife Foundation.
Here are 10 key members and their salaries (Lutheran Seniorlife Foundation's CEO's salary is $0 and their total compensation is $391,282):
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $352,722
- Other: $38,560
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $215,671
- Other: $35,631
Official website here: www.lutheranseniorlife.org
Where can I find the form 990 for Lutheran Seniorlife Foundation?
Lutheran Seniorlife Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.lutheranseniorlife.org
Learn more at the official website: www.lutheranseniorlife.org
Mission Statement of Lutheran Seniorlife Foundation
The Lutheran Seniorlife Foundation, established in September 1992, serves as a charitable organization dedicated to supporting the benevolent care, senior communities, and programs and services for the elderly. This 501(c)(3) entity facilitates charitable giving from various sources, including individuals, churches, employees, foundations, and corporations, who share a common goal of supporting the Lutheran Seniorlife, St. John Specialty Care Center, Passavant Retirement Community, and other affiliated organizations described by Section 501(c)(3) of the Internal Revenue Code.
The primary function of the Lutheran Seniorlife Foundation is to solicit and receive contributions, both unrestricted and restricted, for various purposes. It also provides oversight and stewardship of these donated funds, managing their pooling and disbursement for investment purposes. Moreover, the foundation disburses funds to further the mission of its affiliated organizations, aiming to enhance the lives of elders, regardless of their physical condition or financial circumstances.
In simple terms, the Lutheran Seniorlife Foundation acts as a bridge between donors and organizations that serve the elderly. By raising funds and managing investments, the foundation enables these organizations to provide essential care, living arrangements, and services to the elderly population, ultimately promoting a more abundant life for them. With a strong emphasis on charity and support, the Lutheran Seniorlife Foundation plays a crucial role in enriching the lives of the elderly in its community.
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Impact
October, 2024
Lutheran Seniorlife Foundation plays a vital role in enhancing the quality of life for frail elderly individuals by effectively managing fundraising and assets to support various related organizations. By soliciting and receiving contributions from a diverse group of donors—including individuals, churches, employees, foundations, and corporations—the Foundation ensures that vital resources are available to further its mission.
In the fiscal year ending June 30, 2022, the Foundation successfully raised $243,774 in gifts and bequests, demonstrating a strong commitment to its cause. The stewardship and oversight of contributed funds are paramount, enabling the Foundation to manage investments wisely, which included cash equivalents and securities worth over $4.3 million, along with a significant real estate investment.
This proactive approach ensures that the services provided by affiliated organizations, such as Lutheran Senior Life and Passavant Retirement Community, can reach those in need, regardless of their physical or financial circumstances. Ultimately, Lutheran Seniorlife Foundation's impact is reflected in the enriched lives of elderly recipients who benefit from dedicated programs and services aimed at promoting their well-being and dignity.
This information is meant to be a general summary of Lutheran Seniorlife 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: $130,813
- Program Service Revenue: $424,147
- Gross Receipts: $798,734
Assets and Liabilities:
- Total Assets: $6,579,450
- Total Liabilities: $1,885,760
- Net Assets: $4,693,690
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
SUPPORT FROM LUTHERAN
Revenue
$424,147
Organization Details
Founding Year
1992
Phone
(724) 742-2246Principal Officer
David J Renoglietto
Main Address
1323 FREEDOM ROAD, CRANBERRY TOWNSHIP, PA, 16066
Website
www.lutheranseniorlife.orgNTEE Category
Code: T70 - Philanthropy
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