Overview
What is The Litquake Foundation?
The Litquake Foundation is a nonprofit organization that passionately supports and cultivates an appreciation for literature. Their primary goal is to maintain a thriving literary community and offer a lively platform for aspiring writers. By doing so, they aim to promote literary engagement and foster a dynamic environment for creative expression.
Official website here: www.litquake.com
What are the reviews and ratings of this charity?
Charity Navigator Rating: 64%, Two-Star out of Four Star rating. The Litquake Foundation has received a mixed rating, reflecting strengths in leadership and community engagement but notable weaknesses in financial accountability. The charity's score indicates that while it excels in areas like independent governance and leadership adaptability, financial metrics such as the program expense ratio suggest a need for improvement.
Strengths of the organization include a fully independent board, evidenced by 100% independent members, and high scores in leadership and adaptability. The foundation has shown a commitment to community culture and engagement, with a significant portion of its budget (80%) allocated toward programming. This suggests an active involvement in its mission to promote literature and arts within the community.
However, the foundation's financial accountability is a concern, as reflected in a low Program Expense Ratio of 53.92%, which indicates that a relatively small portion of its funding is directed towards its core programs. Additionally, the absence of policies such as a whistleblower policy and document retention protocols could pose risks to its governance practices. Overall, while the Litquake Foundation is dedicated to its mission, it faces challenges that require attention to enhance its financial health and operational transparency.
This AI summary has been generated from information found on Charity Navigator.
What do the Facebook reviews say about The Litquake Foundation?
94% of 25 reviewers on Facebook recommend The Litquake Foundation. Here is a summary of their reviews:
Many users express a strong appreciation for the organization, highlighting its valuable contributions to the literary community. The sentiment suggests that participants find joy and engagement in the events and programs offered, with some describing it as potentially "the best thing ever."
Overall, the feedback indicates that The Litquake Foundation delivers enriching experiences that resonate well with attendees, fostering a love for literature and community connection.
This AI summary has been generated from reviews found on Facebook.
Is The Litquake Foundation legitimate?
The Litquake Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Litquake 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: $110,000
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.litquake.com
What is the mission statement of The Litquake Foundation?
The Litquake Foundation's mission is to encourage and nurture a passion for literature. It aims to cultivate a sense of literary camaraderie and serve as a lively platform for writers. The organization's primary objective is to support and stimulate interest in literature, fostering a thriving environment for literary expression.
Official website here: www.litquake.com
What is the revenue of The Litquake Foundation?
The Litquake Foundation's revenue in 2024 was $707,980.
Official website here: www.litquake.com
Who are the executives of The Litquake Foundation and what are their salaries?
The average compensation at The Litquake Foundation during 2024 was $22,000. There are 5 employees and 125 volunteers at The Litquake Foundation.
Here are 17 key members and their salaries:
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Official website here: www.litquake.com
Where can I find the form 990 for The Litquake Foundation?
The Litquake Foundation's most recent form 990 was submitted in 2024 and can be accessed here.
Official website here: www.litquake.com
Learn more at the official website: www.litquake.com
Mission Statement of The Litquake Foundation
The Litquake Foundation, a distinguished organization, is committed to nurturing and promoting an appreciation for literature. Its primary mission is to serve as a catalyst, fostering a sense of literary community and offering a dynamic platform for writers to showcase their work. By organizing various events and initiatives, this foundation aims to perpetuate the love for literature and provide a lively space for writing enthusiasts.
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Impact
July, 2024
The Litquake Foundation's impact lies in its unwavering dedication to supporting and fostering interest in literature. By perpetuating a sense of literary community and providing a vibrant forum for writing, this organization ensures that the literary arts thrive and continue to inspire and connect individuals. Through its activities and programs, The Litquake Foundation plays a crucial role in promoting literary culture and enriching the literary landscape. With its base in San Francisco, California, The Litquake Foundation is a vital contributor to the arts scene, impacting individuals and communities through the power of words and storytelling.
This information is meant to be a general summary of The Litquake 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 2024.
- Investment Income: $2,955
- Program Service Revenue: $94,187
- Gross Receipts: $707,980
Assets and Liabilities:
- Total Assets: $280,186
- Total Liabilities: $5,212
- Net Assets: $274,974
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
LITQUAKE EVENT
Revenue
$94,187
Organization Details
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