Overview
What is Let Them Lol Inc?
Let Them Lol Inc is a nonprofit organization situated in Williamsville, New York. Their primary focus is on providing support for a children's orphanage in Sierra Leone, Africa, which covers an area roughly equivalent to about two United States counties. Beyond this, they engage in water projects, including drilling new wells and maintaining well filters within Sierra Leone, aiming to ensure a sustainable water supply for the community. The organization employs a team of five individuals dedicated to carrying out these initiatives.
Official website here: www.ltlol.com
What are the reviews and ratings of this charity?
Charity Navigator Rating: 37%
Let Them Lol Inc has received a low rating of 37%, which corresponds to a Zero-Star out of Four Star rating. This score reflects significant concerns regarding the organization's accountability and financial practices, particularly highlighting a lack of independent board members and missing essential governance policies, such as conflict of interest and whistleblower policies. The absence of these policies raises questions about transparency and oversight within the organization.
Despite the shortcomings in governance, Let Them Lol Inc has demonstrated a sound financial management practice with no material diversion of assets, and a liabilities to assets ratio that suggests stability. Additionally, the organization has made its tax form accessible on its website, which is a positive step toward transparency. However, the overall financial health is further illustrated by a low program expense ratio, indicating that a relatively small portion of its budget is directed toward its programs.
In conclusion, while Let Them Lol Inc has some positive aspects regarding financial stability and transparency through document availability, the lack of independent oversight and missing critical policies are significant limitations that potential donors should consider. The organization's governance structure and commitment to best practices need substantial improvement to bolster confidence among stakeholders.
This AI summary has been generated from information found on Charity Navigator.
Is Let Them Lol Inc legitimate?
Let Them Lol Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Let Them Lol 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: $64,740
Professional Fundraising Fees: $0
Other Salaries and Wages: $188,960
For more financial information, click here
Official website here: www.ltlol.com
What is the mission statement of Let Them Lol Inc?
Let Them Lol Inc is dedicated to providing support for a children's orphanage in Sierra Leone, Africa, spanning an area equivalent to approximately 2 United States counties. Their mission involves initiating water projects, such as drilling new wells, in the region. Furthermore, they are committed to maintaining well filters in Sierra Leone, aiming to improve the accessibility of clean water for the local community. Additionally, they offer support for a K-12 school in the area, contributing to the education of the children in the orphanage and surrounding communities.
Official website here: www.ltlol.com
Who is the CEO of Let Them Lol Inc?
Kathleen Vacanti is the President of Let Them Lol Inc.
Official website here: www.ltlol.com
What is the revenue of Let Them Lol Inc?
Let Them Lol Inc's revenue in 2022 was $1,283,460.
Official website here: www.ltlol.com
Who are the executives of Let Them Lol Inc and what are their salaries?
The average compensation at Let Them Lol Inc during 2022 was $50,740. There are 5 employees at Let Them Lol Inc.
Here are 5 key members and their salaries:
- Compensation: $64,740
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.ltlol.com
Where can I find the form 990 for Let Them Lol Inc?
Let Them Lol Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.ltlol.com
Learn more at the official website: www.ltlol.com
Mission Statement of Let Them Lol Inc
Let Them Lol Inc, a nonprofit organization, is dedicated to offering support for a children's orphanage in Sierra Leone, Africa, spanning an area equivalent to approximately 2 United States counties. The primary focus of this organization is twofold: providing assistance for a children's orphanage and initiating water projects. In regards to the children's orphanage, Let Them Lol Inc plays a significant role, ensuring the well-being of the young residents. Additionally, they undertake water projects, including the drilling of new wells and the maintenance of well filters in Sierra Leone. This commitment to improving access to clean water is a crucial aspect of their mission, aiming to enhance the overall living conditions in the region.
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Impact
October, 2024
Let Them Lol Inc significantly impacts the lives of children and communities in Sierra Leone, Africa. By supporting a children's orphanage in an area approximately the size of two U.S. counties, they provide essential resources, care, and educational opportunities for vulnerable youths. Their initiatives extend beyond immediate care; they also implement critical water projects, including drilling new wells and maintaining well filters. This not only ensures access to clean water but also enhances overall community health and well-being. Through their efforts, Let Them Lol Inc plays a vital role in uplifting the quality of life for children and families in Sierra Leone, addressing foundational needs such as education, health, and clean water access.
This information is meant to be a general summary of Let Them Lol 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.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $415,762
- Gross Receipts: $1,283,460
Assets and Liabilities:
- Total Assets: $3,191,220
- Total Liabilities: $1,488,498
- Net Assets: $1,702,722
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Organization Details
Founding Year
2011
Phone
(716) 536-3004Principal Officer
Kathleen Vacanti
Main Address
5205 Harris Hill Rd, Williamsville, NY, 14221
Website
www.ltlol.comNTEE Category
Code: Q33 - International
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