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Eagle Ledge Foundation Inc

Learn about this cause: What are the reviews? Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 270661492 ✦ Turlock, CA ✦ Designated as a 501(c)(3)

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Overview

What is Eagle Ledge Foundation Inc?

Eagle Ledge Foundation Inc, located in Turlock, California, is a nonprofit organization with a mission to excel in Kingdom-focused investments and lending for churches. They are committed to generously supporting causes aligned with their beliefs, offering individuals top-tier investment products and financial aid options for religious institutions. With a modest workforce of two dedicated individuals, Eagle Ledge Foundation strives to make a significant impact in the realm of spiritual and financial support.


Official website here: www.eagleledgefoundation.org

What are the reviews and ratings of this charity?

Charity Navigator Rating: One-Star out of Four Stars (58%)

The Eagle Ledge Foundation Inc has received a One-Star rating from Charity Navigator, indicating concerns primarily regarding its accountability and finance practices. While the organization has a majority of independent board members and scores well in areas like material diversion of assets and program expense ratio, there are significant weaknesses that affect its overall rating.

The foundation's score reveals a lack of transparency in governance and financial practices, with a particularly low score in board size and liabilities to assets ratio. Furthermore, the absence of key policies, such as a whistleblower policy and proper document retention, raises questions about its operational integrity. These issues suggest that while the foundation may be engaged in its mission, it has substantial room for improvement in terms of accountability.

Despite these limitations, the Eagle Ledge Foundation maintains a notable program expense ratio, indicating effective use of funds for its programs. However, potential donors and stakeholders should consider these accountability issues when evaluating the organization.


This AI summary has been generated from information found on Charity Navigator.

Is Eagle Ledge Foundation Inc legitimate?

Eagle Ledge Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Eagle Ledge Foundation 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: $84,000
Professional Fundraising Fees: $0
Other Salaries and Wages: $0

For more financial information, click here


Official website here: www.eagleledgefoundation.org

What is the mission statement of Eagle Ledge Foundation Inc?

The Eagle Ledge Foundation's mission is centered around offering top-tier Kingdom investment opportunities for individuals, as well as providing lending options for churches. Furthermore, the foundation is committed to making generous contributions to causes aligned with the Kingdom. In essence, their mission is to serve both individuals and religious institutions financially, while also supporting causes that align with spiritual values.


Official website here: www.eagleledgefoundation.org

Who is the CEO of Eagle Ledge Foundation Inc?

Chester Reid is the Ceo of Eagle Ledge Foundation Inc. The CEO's salary of Eagle Ledge Foundation Inc is $70,000 and their total compensation is $70,000.


Official website here: www.eagleledgefoundation.org

What is the revenue of Eagle Ledge Foundation Inc?

Eagle Ledge Foundation Inc's revenue in 2023 was $37,999.


Official website here: www.eagleledgefoundation.org

Who are the executives of Eagle Ledge Foundation Inc and what are their salaries?

The average compensation at Eagle Ledge Foundation Inc during 2023 was $42,000. There are 2 employees at Eagle Ledge Foundation Inc.


Here are 2 key members and their salaries (Eagle Ledge Foundation Inc's CEO's salary is $70,000 and their total compensation is $70,000):


Thomas Fontana (Ceo)
  • Compensation: $70,000
  • Related: $0
  • Other: $0
Chester Reid (President)
  • Compensation: $14,000
  • Related: $0
  • Other: $0


Official website here: www.eagleledgefoundation.org

Where can I find the form 990 for Eagle Ledge Foundation Inc?

Eagle Ledge Foundation Inc's most recent form 990 was submitted in 2023 and can be accessed here.


Official website here: www.eagleledgefoundation.org

Learn more at the official website: www.eagleledgefoundation.org

Mission Statement of Eagle Ledge Foundation Inc

Eagle Ledge Foundation, a nonprofit organization, is dedicated to offering top-tier investment opportunities for individuals and providing lending services for churches. Beyond this, the foundation is committed to generously contributing to causes that align with the Kingdom. By providing these services, Eagle Ledge Foundation aims to make a significant impact in various spheres, fostering financial growth and furthering the goals of churches and Kingdom causes.

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Impact




August, 2024

Eagle Ledge Foundation Inc has a significant impact in providing Kingdom investment products for individuals, lending options for churches, and generous giving to Kingdom causes. Through its activities, it empowers individuals and organizations to make meaningful investments and donations that align with their faith and values. This contributes to the support and growth of religious communities and causes.




This information is meant to be a general summary of Eagle Ledge Foundation 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.

Revenue
$37,999 (2023)
Expenses
$314,380 (2023)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2023.

  • Program Service Revenue: $37,999
  • Gross Receipts: $37,999

Assets and Liabilities:

  • Total Assets: $3,091,654
  • Total Liabilities: $4,584,699
  • Net Assets: -$1,493,045

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Programs

Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

Program Revenue

Revenue

$37,999

Organization Details

Founding Year

2009

Principal Officer

Chester Reid

Main Address

PO Box 1866, Turlock, CA, 95381

NTEE Category

Code: X12 - Religion related

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