Overview
What is Friends Of Lbs Inc?
Friends of LBS Inc is a nonprofit organization situated in North Myrtle Beach, South Carolina, specifically at 603 Main Street. Their primary mission is to gather public funds, which they subsequently distribute to support higher education opportunities for Jewish youth. This is achieved through the provision of scholarships and charitable contributions to educational institutions. The organization's activities are centered around raising funds and allocating them to benefit Jewish students, contributing to their higher education.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 75% (Three-Star out of Four Stars)
Friends Of Lbs Inc has received a Three-Star rating from Charity Navigator, indicating a score of 75%. This rating reflects the organization's strong performance in Accountability & Finance, which is the sole component contributing to its overall score. The charity has demonstrated solid practices, particularly with a fully independent board and thorough financial documentation, which are crucial indicators of governance and accountability.
Strengths for Friends Of Lbs Inc include a high Program Expense Ratio of 97.51%, signaling that a significant portion of its expenses directly supports its programs. Additionally, the organization has no reported material diversion of assets, suggesting effective management of resources. The independent board members further bolster the organization’s credibility and oversight.
However, the charity's Liabilities to Assets Ratio stands at 59.48%, which may raise concerns about financial stability. While this score is relatively acceptable, it indicates that a considerable portion of the organization's assets is tied up in liabilities. Overall, Friends Of Lbs Inc shows commendable accountability and financial management, but attention to its liabilities may enhance its financial health in the long run.
This AI summary has been generated from information found on Charity Navigator.
Is Friends Of Lbs Inc legitimate?
Friends Of Lbs Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Friends Of Lbs 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 Friends Of Lbs Inc?
Friends of LBS Inc's mission is centered around raising public funds to provide higher education opportunities for Jewish youth. They accomplish this through the distribution of scholarships and charitable donations to educational institutions. The organization's goal is to support the academic aspirations of Jewish youth, thereby contributing to their overall development and future success. By providing financial assistance, Friends of LBS Inc aims to make higher education more accessible and affordable for this specific demographic.
Who is the CEO of Friends Of Lbs Inc?
Sara Ginsburg is the Registered Agent of Friends Of Lbs Inc.
What is the revenue of Friends Of Lbs Inc?
Friends Of Lbs Inc's revenue in 2021 was $826,316.
Who are the executives of Friends Of Lbs Inc and what are their salaries?
Here are 6 key members and their salaries:
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Where can I find the form 990 for Friends Of Lbs Inc?
Friends Of Lbs Inc's most recent form 990 was submitted in 2021 and can be accessed here.
Mission Statement of Friends Of Lbs Inc
Friends of LBS Inc, a nonprofit organization, is dedicated to raising public funds with the primary goal of supporting higher education opportunities for Jewish youth. This is achieved through the distribution of scholarships and charitable giving to educational institutions. The mission of Friends of LBS Inc is to provide financial aid and resources to deserving Jewish students, enabling them to pursue their academic dreams and contribute positively to society. By investing in the education of Jewish youth, the organization aims to foster a generation of educated and engaged individuals who can make a significant impact in their communities and beyond. Through its charitable giving, Friends of LBS Inc also supports educational institutions that share its values and commitment to Jewish education and community development.
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Impact
October, 2024
Friends Of Lbs Inc significantly impacts the community by providing crucial financial support for higher education opportunities specifically for Jewish youth. Through the fundraising of public funds, the organization facilitates scholarships and charitable contributions to various educational institutions. This effort not only alleviates the financial burden on students and their families but also promotes academic advancement and access to quality education. By prioritizing educational opportunities, Friends Of Lbs Inc plays a vital role in nurturing future leaders and contributing to a well-educated society in North Myrtle Beach, SC, and beyond.
This information is meant to be a general summary of Friends Of Lbs 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 2021.
- Program Service Revenue: $317,030
- Gross Receipts: $826,316
Assets and Liabilities:
- Total Assets: $2,925,165
- Total Liabilities: $1,740,017
- Net Assets: $1,185,148
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENT
Revenue
$317,030
Organization Details
Founding Year
2009
Phone
(843) 448-2019Principal Officer
Sara Ginsburg
Main Address
603 MAIN STREET, NORTH MYRTLE BEACH, SC, 29582
NTEE Category
Code: B90 - Education
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