Overview
What is Lgbt Charities Inc?
Lgbt Charities Inc, based in Salem, Massachusetts, serves as a supporting entity for various not-for-profit organizations. During 2021-2022, they facilitated their participation in the Combined Federal Campaign, providing guidance on application preparation, marketing strategies, and managing and distributing donations. Their mission is to boost the participation and success of other charitable organizations in public-sector workplace giving campaigns. By screening applications, transferring funds, educating staff, and marketing groups to potential donors, Lgbt Charities Inc plays a crucial role in enhancing the reach and impact of these organizations. In the 2021-2022 fiscal year, they distributed over $118,000 to their member charities.
Official website here: www.lgbtcharities.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 97% (Four-Star out of Four Stars)
LGBT Charities Inc has achieved an impressive Four-Star rating from Charity Navigator, reflecting its strong performance in accountability and finance. The organization’s overall score is derived solely from its exceptional accountability metrics, which are rated at 97%. This indicates a high level of transparency and responsible financial management, crucial for gaining the trust of donors and stakeholders.
The organization showcases notable strengths, including a fully independent board, which consists of four members, ensuring unbiased governance. Additionally, LGBT Charities Inc has demonstrated no material diversion of assets and adheres to comprehensive policies on conflicts of interest, whistleblower protection, and document retention. With a program expense ratio of 96.31%, the charity effectively allocates funds toward its mission-driven activities.
While the charity's financial health is commendable, the focus on accountability metrics leaves little room for insights into programmatic impact or long-term outcomes. As such, potential donors may want to consider these aspects alongside financial ratings when assessing the charity’s overall effectiveness in serving the LGBTQ+ community.
This AI summary has been generated from information found on Charity Navigator.
Is Lgbt Charities Inc legitimate?
Lgbt Charities Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Lgbt Charities 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.
Heare are some key statistics you may want to consider:
Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.lgbtcharities.org
What is the mission statement of Lgbt Charities Inc?
Lgbt Charities Inc's mission is centered around assisting not-for-profit organizations in workplace giving campaigns. They collaborate with various charitable organizations to enhance their participation and success in public-sector fund drives. The organization serves as a screening mechanism for applications, facilitates the transfer of funds from donors to the beneficiary organizations, provides educational resources to better understand workplace giving programs, and assists in marketing these organizations to potential donors.
Official website here: www.lgbtcharities.org
Who is the CEO of Lgbt Charities Inc?
David Abrahamson is the President of Lgbt Charities Inc.
Official website here: www.lgbtcharities.org
What is the revenue of Lgbt Charities Inc?
Lgbt Charities Inc's revenue in 2022 was $176,048.
Official website here: www.lgbtcharities.org
Who are the executives of Lgbt Charities Inc 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: $0
- Related: $0
- Other: $0
Official website here: www.lgbtcharities.org
Where can I find the form 990 for Lgbt Charities Inc?
Lgbt Charities Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.lgbtcharities.org
Learn more at the official website: www.lgbtcharities.org
Mission Statement of Lgbt Charities Inc
LGBT Charities Inc, as an organization, focuses on supporting other non-profit entities in their participation and success in public-sector workplace giving campaigns. By collaborating with various not-for-profit organizations, LGBT Charities Inc aims to increase their involvement in these charitable fund drives. The federation, managed by LGBT Charities Inc, screens applicants for these drives, facilitates the transfer of funds from donors to the beneficiary groups, educates the staff and volunteers of these organizations about workplace giving programs, and assists in the marketing of these groups to potential donors. This holistic approach enables non-profit organizations to maximize their fundraising efforts through these workplace giving campaigns.
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Impact
October, 2024
Lgbt Charities Inc has made a significant impact by enhancing the fundraising capabilities of various not-for-profit organizations through workplace giving campaigns. In 2021-2022, they successfully facilitated participation in the Combined Federal Campaign, which involved coaching member charities in crafting successful applications and providing strategic marketing advice. Their efforts led to the distribution of over $118,000 to member charities, helping amplify their missions and expand their reach.
By carefully screening applications for participation in public-sector workplace charitable drives, Lgbt Charities Inc ensures that deserving organizations gain access to vital funding. They also play a crucial role in educating staff and volunteers about the intricacies of workplace giving, ultimately fostering greater understanding and engagement. Furthermore, their marketing assistance helps member charities connect with potential donors, thereby enhancing their visibility and fundraising success. Overall, Lgbt Charities Inc's collaboration with not-for-profits contributes to a stronger and more effective philanthropic landscape, directly benefiting the communities they serve.
This information is meant to be a general summary of Lgbt Charities 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.
- Program Service Revenue: $37,360
- Gross Receipts: $176,048
Assets and Liabilities:
- Total Assets: $23,993
- Total Liabilities: $13,625
- Net Assets: $10,368
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
PROGRAM SERVICE FEES
Revenue
$37,360
Organization Details
Founding Year
2007
Phone
(978) 712-4123Principal Officer
David Abrahamson
Main Address
PO BOX 2052, SALEM, MA, 01970
Website
www.lgbtcharities.orgNTEE Category
Code: T30 - Philanthropy
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