Overview
What is Lubbock Impact Inc?
Lubbock Impact Inc is a nonprofit organization situated in Lubbock, Texas, dedicated to assisting individuals and families experiencing economic hardships. Their primary mission encompasses providing essential resources to help individuals begin their journey out of poverty. This includes offering a weekly hot meal to over 300 people and distributing food bank vouchers to over 125 individuals each month, due to the COVID-19 pandemic, more than 15,000 meals were served in a drive-thru style. Additionally, the organization operates a "Family Closet" that allows over 600 individuals to select donated clothing each month at no charge. Lubbock Impact Inc also provides a fully-equipped family practice clinic, open on Wednesday evenings, offering medical care to uninsured individuals at no cost. An in-house pharmacy is also available for medications prescribed in their medical clinic, serving over 125 individuals each month.
Official website here: www.lubbockimpact.com
What are the reviews and ratings of this charity?
Charity Navigator Rating: 81% (Three-Star out of Four Star Rating)
Lubbock Impact Inc has received a Three-Star rating from Charity Navigator, reflecting an overall score of 81% based entirely on its Accountability & Finance metrics. This indicates a strong commitment to transparency and responsible financial practices. The organization demonstrated exemplary performance in maintaining an independent board, with 100% of its members being independent, which strengthens governance.
The nonprofit excels in several key areas, including a high program expense ratio of 96.15%, meaning that a significant majority of its expenditures go directly towards its programs rather than administrative costs. Moreover, it has a very low liabilities to assets ratio of 0.81%, showcasing a solid financial position. Policies concerning conflict of interest, whistleblower protection, and document retention are well established, further enhancing its accountability.
While the organization shows robust financial management, the rating is limited to just a single beacon score, which may not fully capture other aspects of its performance and impact. Despite this, the strong policies and financial health suggest Lubbock Impact Inc is effectively fulfilling its mission and serving its community.
This AI summary has been generated from information found on Charity Navigator.
Is Lubbock Impact Inc legitimate?
Lubbock Impact Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Lubbock Impact 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: $71,184
Professional Fundraising Fees: $0
Other Salaries and Wages: $88,781
For more financial information, click here
Official website here: www.lubbockimpact.com
What is the mission statement of Lubbock Impact Inc?
Lubbock Impact Inc's mission is centered around supporting individuals in economic hardship. The organization provides essential aid, including food, clothing, and medical care, to help these individuals take steps towards escaping poverty. Through weekly hot meals for over 300 individuals and families, food bank vouchers, a clothing closet, and a free medical clinic, Lubbock Impact Inc aims to alleviate some of the challenges faced by those in need. During the COVID-19 pandemic, the organization even served over 15,000 meals through a drive-thru service.
Official website here: www.lubbockimpact.com
Who is the CEO of Lubbock Impact Inc?
Glenna Applewhite is the Executive Director of Lubbock Impact Inc.
Official website here: www.lubbockimpact.com
What is the revenue of Lubbock Impact Inc?
Lubbock Impact Inc's revenue in 2022 was $593,139.
Official website here: www.lubbockimpact.com
Who are the executives of Lubbock Impact Inc and what are their salaries?
The average compensation at Lubbock Impact Inc during 2022 was $26,661. There are 6 employees and 5220 volunteers at Lubbock Impact Inc.
Here are 15 key members and their salaries:
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Official website here: www.lubbockimpact.com
Where can I find the form 990 for Lubbock Impact Inc?
Lubbock Impact Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.lubbockimpact.com
Learn more at the official website: www.lubbockimpact.com
Mission Statement of Lubbock Impact Inc
Lubbock Impact Inc, a nonprofit organization, is dedicated to supporting individuals and families who are facing economic hardships. Its mission is to provide essential resources that empower individuals to take steps out of poverty. The organization offers a variety of services, including a weekly hot meal for over 300 individuals and families, food bank vouchers for over 125 individuals each month, and a clothing closet where over 600 individuals can select donated clothes at no cost each month. In response to the COVID-19 pandemic, Lubbock Impact Inc served over 15,000 meals through a drive-thru style service. Additionally, the nonprofit operates a fully-equipped family practice clinic that provides no-charge medical care to uninsured individuals, with over 125 individuals served each month. The clinic also has an in-house pharmacy for prescribed medications. These services aim to provide a safety net for those in need, helping them to begin their journey toward financial stability.
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Impact
July, 2024
Lubbock Impact Inc makes a significant impact on the residents of Lubbock who are in a difficult economic situation. They provide essential services such as food, clothing, and medical care to help individuals start moving out of poverty. By offering a hot meal weekly to over 300 individuals and families, distributing food bank vouchers, and serving over 15,000 meals during the COVID-19 pandemic, Lubbock Impact Inc ensures that basic needs are met. Additionally, the "Family Closet" provides clothing to over 600 individuals each month at no charge. The fully equipped family practice clinic, open on Wednesday evenings, serves over 125 uninsured individuals monthly, offering medical care and an in-house pharmacy for prescribed medications. Through these services, Lubbock Impact Inc plays a crucial role in supporting the community and helping individuals in need work towards a better future.
This information is meant to be a general summary of Lubbock Impact 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: $10,607
- Gross Receipts: $608,699
Assets and Liabilities:
- Total Assets: $2,041,311
- Total Liabilities: $16,710
- Net Assets: $2,024,601
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Organization Details
Founding Year
2007
Phone
(806) 799-4329Principal Officer
Glenna Applewhite
Main Address
2707 34TH STREET, LUBBOCK, TX, 794103521
Website
www.lubbockimpact.comNTEE Category
Code: P20 - Human services
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