Overview
What is Life Tools Community Development Corporation?
Life Tools Community Development Corporation, located in Douglasville, Georgia, is a nonprofit organization dedicated to aiding individuals in navigating economic and life-challenging situations. Their primary mission is to equip and prepare individuals for these challenges, fostering personal growth and development. Throughout 2022, they offered a valuable service by providing local families with free groceries, which supplemented their food stamp purchases with nutritious items. This initiative not only alleviated their immediate food needs but also contributed to their overall well-being.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 79% (Three-Star out of Four Star rating)
Life Tools Community Development Corporation has received a solid Three-Star rating, reflecting its effective management and transparency in operations. The organization's accountability and finance score stands at 79%, indicating a reliable use of resources and commitment to its mission. Notably, the charity boasts a fully independent board, with 100% of its members meeting this criterion, which enhances oversight and governance.
The organization demonstrates strong financial health with a favorable liabilities to assets ratio of 13.68%, showcasing its ability to manage debts effectively. Additionally, the program expense ratio is commendable at 78.58%, suggesting that a significant portion of its funds is directed toward its programs rather than administrative costs. Other governance practices, including listed policies for conflict of interest, whistleblowing, and document retention, further illustrate its commitment to ethical standards.
While the overall ratings are positive, the Three-Star designation indicates some room for improvement. Stakeholders may look for continued enhancement in financial operations and strategic planning to elevate the organization's impact.
This AI summary has been generated from information found on Charity Navigator.
Is Life Tools Community Development Corporation legitimate?
Life Tools Community Development Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Life Tools Community Development Corporation 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: $165,628
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
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What is the mission statement of Life Tools Community Development Corporation?
Life Tools Community Development Corporation's mission is centered around preparing and equipping individuals to navigate economic and life-challenging situations, contributing to their personal growth and development. The organization strives to provide resources and support, helping individuals overcome various obstacles. In 2022, the corporation's efforts were evident through the provision of free groceries to local families. These nutritious food supplies supplemented their food stamp purchases, thereby enhancing their overall nutrition.
Who is the CEO of Life Tools Community Development Corporation?
Frank Smith is the Executive Director of Life Tools Community Development Corporation.
What is the revenue of Life Tools Community Development Corporation?
Life Tools Community Development Corporation's revenue in 2022 was $707,573.
Who are the executives of Life Tools Community Development Corporation and what are their salaries?
Here are 9 key members and their salaries:
- Compensation: $96,066
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Where can I find the form 990 for Life Tools Community Development Corporation?
Life Tools Community Development Corporation's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Life Tools Community Development Corporation
Life Tools Community Development Corporation is committed to preparing and equipping individuals for economic and life-challenging situations, focusing on their personal growth and development. The organization's mission is to provide the necessary tools and resources to help individuals overcome various obstacles and navigate through tough times. By doing so, Life Tools Community Development Corporation aims to empower individuals, enabling them to lead more fulfilling lives.
One of the ways Life Tools Community Development Corporation carries out its mission is by offering resources, such as free groceries, to local families. During 2022, the organization provided nutritious groceries to families, enabling them to supplement their food stamp purchases. This initiative not only alleviated the financial burden of food costs but also ensured that families had access to healthy and nourishing food options. By providing these resources, Life Tools Community Development Corporation is contributing to the overall well-being and resilience of the individuals and families it serves.
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Impact
July, 2024
Life Tools Community Development Corporation has had a significant impact in Douglasville, GA by providing free groceries to local families throughout 2022. This initiative has enabled these families to supplement their food stamp purchases with nutritious groceries, ensuring they have access to essential food items. Through their mission of preparing and equipping individuals for economic and life challenging situations, the organization is positively impacting the community by addressing crucial needs related to personal growth and development.
This information is meant to be a general summary of Life Tools Community Development Corporation. 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: $56,352
- Gross Receipts: $707,573
Assets and Liabilities:
- Total Assets: $842,553
- Total Liabilities: $115,325
- Net Assets: $727,228
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
PROGRAM SERVICES REVENU
Revenue
$56,352
Organization Details
Founding Year
2004
Principal Officer
Frank Smith
Main Address
5357 CHAPEL HILL ROAD, DOUGLASVILLE, GA, 30135
NTEE Category
Code: P30 - Human services
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