Overview
What is L2 Foundation C/O Jewish Community Foundation?
The L2 Foundation C/O Jewish Community Foundation is a nonprofit organization situated in Tucson, Arizona. Its primary mission is to support the Jewish Community Foundation of Southern Arizona (JCF), a 501(C)(3) organization, by managing and distributing funds for charitable purposes aligned with JCF's objectives. The L2 Foundation's activities are exclusively focused on this support role, ensuring that the Jewish Community Foundation of Southern Arizona can continue its mission of enhancing the well-being of the local Jewish community. The L2 Foundation's address is listed as 3718 E RIVER RD 118 in Tucson, Arizona.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 94%, Four-Star out of Four Star rating.
The L2 Foundation C/O Jewish Community Foundation has achieved an impressive 94% rating, indicating a high level of accountability and financial health. This rating is derived solely from the Accountability & Finance beacon, showcasing the organization's commitment to maintaining strong governance practices. Notably, the foundation has a fully independent board, with 100% of its members meeting this criterion.
Strengths of the L2 Foundation include a robust program expense ratio of nearly 97%, signifying that the vast majority of its funds are directed towards its programs. The foundation also demonstrates exemplary practices in governance, having policies in place for conflict of interest, whistleblower protections, and document retention, all of which contribute to its transparency and accountability. Additionally, the organization's liabilities to assets ratio is an outstanding 0.00%, reflecting no debt.
While the available data highlights the foundation's strengths, it is important for potential donors and stakeholders to consider any future developments that may impact these metrics. Overall, the L2 Foundation appears to be a well-managed organization with a strong commitment to its mission and responsible financial practices.
This AI summary has been generated from information found on Charity Navigator.
Is L2 Foundation C/O Jewish Community Foundation legitimate?
L2 Foundation C/O Jewish Community Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. L2 Foundation C/O Jewish Community Foundation 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
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What is the mission statement of L2 Foundation C/O Jewish Community Foundation?
The L2 Foundation, functioning as a support entity for the Jewish Community Foundation of Southern Arizona (JCF), primarily focuses on receiving, managing, and distributing funds for the charitable purposes of the JCF. The foundation's mission is strictly dedicated to aiding the JCF, a 501(C)(3) organization, in fulfilling its charitable objectives. In 2021, the decision was made to dissolve the L2 Foundation and transfer its assets to a Donor-Advised Fund held at the Jewish Community Foundation, the supported organization. This move continues the L2 Foundation's support for the JCF and its charitable initiatives.
Who is the CEO of L2 Foundation C/O Jewish Community Foundation?
Graham Hoffman is the President & Treasurer of L2 Foundation C/O Jewish Community Foundation.
What is the revenue of L2 Foundation C/O Jewish Community Foundation?
L2 Foundation C/O Jewish Community Foundation's revenue in 2021 was $26.
Who are the executives of L2 Foundation C/O Jewish Community Foundation and what are their salaries?
There 5 volunteers at L2 Foundation C/O Jewish Community Foundation.
Here are 5 key members and their salaries:
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- Other: $0
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- Other: $0
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- Other: $0
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- Other: $0
Where can I find the form 990 for L2 Foundation C/O Jewish Community Foundation?
L2 Foundation C/O Jewish Community Foundation's most recent form 990 was submitted in 2021 and can be accessed here.
Mission Statement of L2 Foundation C/O Jewish Community Foundation
L2 Foundation, an entity solely dedicated to supporting the Jewish Community Foundation of Southern Arizona (JCF), operates with a clear mission. This mission involves receiving, managing, and distributing funds for the charitable purposes of JCF, a 501(C)(3) organization. Essentially, L2 Foundation serves as a conduit, channeling resources to JCF, enabling it to fulfill its charitable objectives. In 2021, a significant decision was made to dissolve the L2 Foundation and transfer its assets to a Donor Advised Fund held at the Jewish Community Foundation, the organization it supports. This transition ensures that the L2 Foundation's philanthropic legacy continues to contribute to the charitable endeavors of the Jewish Community Foundation of Southern Arizona.
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Impact
October, 2024
L2 Foundation C/O Jewish Community Foundation has made a significant impact by focusing its efforts on supporting the Jewish Community Foundation of Southern Arizona (JCF). By managing and distributing funds for the charitable purposes of JCF, L2 Foundation has facilitated various initiatives and programs that benefit the Jewish community in the region.
In 2021, L2 Foundation transitioned its assets to a donor-advised fund held at JCF, ensuring a seamless continuation of its support for community-based projects and charitable activities. This strategic move not only streamlined operations but also reinforced its commitment to enhancing the philanthropy landscape within Southern Arizona’s Jewish community.
The foundation's impact is characterized by its dedication to fostering community development, supporting educational ventures, and promoting cultural initiatives that resonate with the values and needs of the Jewish population in Tucson. By concentrating resources on these areas, L2 Foundation has played a vital role in nurturing a vibrant, resilient, and engaged community.
This information is meant to be a general summary of L2 Foundation C/O Jewish Community Foundation. 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.
- Investment Income: $26
- Gross Receipts: $26
Assets and Liabilities:
- Total Assets: $0
- Total Liabilities: $0
- Net Assets: $0
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Organization Details
Founding Year
2010
Phone
(520) 577-0388Principal Officer
Graham Hoffman
Main Address
3718 E RIVER RD 118, TUCSON, AZ, 85718
NTEE Category
Code: X113 - Religion related
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