Overview
What is Lorenes Place Ii?
Lorenes Place II is a nonprofit organization, situated in Lakewood, Washington (98499), dedicated to serving children and families in need. Their primary focus includes child placement and adoption, as well as providing essentials such as food, clothing, and shelter. Additionally, they offer mentorship programs, training, counseling, and behavioral health support to help foster independence and living skills. The organization's mission aligns with the definition of a 501(c)(3) charity, aiming to better the lives of children and families through these various initiatives. With a workforce of ten dedicated individuals, Lorenes Place II strives to make a positive impact in its community.
Official website here: www.lpiikids.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: Needs Improvement
Lorenes Place II holds a Two-Star out of Four Star rating with an overall score of 70%. This rating reflects a strong performance in accountability and finance, where the organization scored 100%. However, the overall score is impacted by a lack of financial statements, resulting in a significant deduction in points.
The organization demonstrates strengths in governance, with a fully independent board and comprehensive policies in place for conflict of interest, whistleblower protections, and document retention. These aspects contribute positively to its accountability score. The presence of board meeting minutes further enhances the organization's transparency.
Conversely, a major limitation is the high liabilities to assets ratio of 76.70%, which raises concerns about financial stability. While the program expense ratio is excellent at 100%, indicating that all expenditures are directed towards programs, the absence of financial statements leaves a gap in understanding the organization’s overall fiscal health.
This AI summary has been generated from information found on Charity Navigator.
Is Lorenes Place Ii legitimate?
Lorenes Place Ii is a legitimate nonprofit organization registered as a 501(c)(3) entity. Lorenes Place Ii 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: $43,842
Professional Fundraising Fees: $0
Other Salaries and Wages: $258,442
For more financial information, click here
Official website here: www.lpiikids.org
What is the mission statement of Lorenes Place Ii?
Lorenes Place II is a charitable organization, classified under section 501(c)(3) of the Internal Revenue Code, with a focus on providing services for children and individuals in need. Their mission encompasses various aspects, such as child placement, adoption, and ensuring basic necessities like food, clothing, and shelter. Additionally, they offer mentorship programs and provide training in independence living skills, counseling, and behavioral health services. The organization aims to empower individuals, helping them lead more independent lives.
Official website here: www.lpiikids.org
Who is the CEO of Lorenes Place Ii?
Theresa Moreland is the President of Lorenes Place Ii.
Official website here: www.lpiikids.org
What is the revenue of Lorenes Place Ii?
Lorenes Place Ii's revenue in 2022 was $1,374,130.
Official website here: www.lpiikids.org
Who are the executives of Lorenes Place Ii and what are their salaries?
The average compensation at Lorenes Place Ii during 2022 was $30,228. There are 10 employees at Lorenes Place Ii.
Here are 5 key members and their salaries:
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Official website here: www.lpiikids.org
Where can I find the form 990 for Lorenes Place Ii?
Lorenes Place Ii's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.lpiikids.org
Learn more at the official website: www.lpiikids.org
Mission Statement of Lorenes Place Ii
Lorenes Place II is a nonprofit organization that operates under Section 501(c)(3) of the Internal Revenue Code, dedicated to charitable, literary, or educational purposes. Its mission, in essence, encompasses various aspects of child welfare and empowerment. The organization is involved in child placement and adoption services, ensuring the well-being of children in need of a secure home. Beyond this, Lorenes Place II also addresses basic needs, providing essentials such as food, clothing, and shelter.
Moreover, the nonprofit extends its reach to mentorship and independence living skills training. It equips children with the necessary tools to navigate life independently, fostering self-sufficiency and resilience. Lorenes Place II also offers counseling and behavioral health services, allowing children to process their experiences and learn coping mechanisms. Through these comprehensive services, the organization aims to empower children and provide them with a solid foundation for their future.
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Impact
October, 2024
Lorenes Place II plays a crucial role in the community by addressing vital needs related to child welfare and support. Their impact can be observed through several key areas:
1. **Child Placement and Adoption**: Lorenes Place II facilitates child placement and adoption services, providing stable and loving homes for children in need. This not only transforms the lives of the children but also enriches the families who adopt them, fostering a sense of belonging and family unity.
2. **Basic Needs Support**: The organization ensures that vulnerable children and families have access to essential resources such as food, clothing, and shelter. By directly addressing these basic needs, they help alleviate the hardships faced by struggling families, leading to improved overall well-being.
3. **Mentorship Programs**: Through mentorship, Lorenes Place II fosters personal growth and development in children and young adults. Mentorship not only provides guidance and support but also empowers individuals to build confidence, resilience, and important life skills.
4. **Independence and Life Skills Training**: The organization offers training in independent living skills, preparing youth for a successful transition into adulthood. This focus on skill-building equips young people with the necessary tools to navigate life’s challenges, fostering self-sufficiency and personal responsibility.
5. **Counseling and Behavioral Health**: Lorenes Place II addresses mental health and behavioral issues through counseling services. By prioritizing emotional well-being, they help children and families cope with trauma, stress, and other challenges, promoting healthier relationships and improved life outcomes.
Overall, Lorenes Place II significantly enhances the quality of life for children and families in Lakewood, WA, fostering a supportive community and promoting the holistic development of youth.
This information is meant to be a general summary of Lorenes Place Ii. 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: $1,374,130
- Gross Receipts: $1,374,130
Assets and Liabilities:
- Total Assets: $336,195
- Total Liabilities: $257,881
- Net Assets: $78,314
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
DHS Services
Revenue
$1,178,696
CRN Income
Revenue
$125,109
DHS Grants
Revenue
$66,000
Commission Income
Revenue
$4,325
Organization Details
Founding Year
2010
Principal Officer
Theresa Moreland
Main Address
10527 Kendrick st SW, Lakewood, WA, 98499
Website
www.lpiikids.orgNTEE Category
Code: P99 - Human services
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