Overview
What is Beacon For Youth Foundation Inc?
The Beacon For Youth Foundation Inc, located in Cincinnati, Ohio, is a dedicated nonprofit organization. Its primary focus is to support Lighthouse Youth Services, an exempt organization, through fundraising activities. The Foundation's mission is to empower young people and families, fostering their success through a comprehensive care system that encourages healing and growth. By doing so, they aim to create a positive impact on the lives of those they serve.
Official website here: www.lys.org/beaconforyouth.html
What are the reviews and ratings of this charity?
Rating from Charity Navigator: 97%, Four-Star out of Four Star rating.
Beacon For Youth Foundation Inc has achieved an impressive Four-Star rating from Charity Navigator, reflecting its strong commitment to accountability and financial transparency. With a perfect score in various key metrics, including financial statement audits and a conflict of interest policy, the organization demonstrates exceptional governance practices and a high level of trustworthiness.
The foundation boasts an independent board of directors with 94% of members being independent, contributing to its robust oversight. Its financial health is notable, with a program expense ratio of 94.12%, indicating that the vast majority of its funds are directed towards its programs rather than administrative expenses. Additionally, the organization maintains a very low liabilities-to-assets ratio of just 1.05%, showcasing its financial stability.
Despite these strengths, there is no mention of specific programs or outcomes associated with the foundation's work, which may be a consideration for potential donors looking for impact-focused initiatives. Overall, Beacon For Youth Foundation Inc stands out for its exemplary financial practices and governance.
This AI summary has been generated from information found on Charity Navigator.
Is Beacon For Youth Foundation Inc legitimate?
Beacon For Youth Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Beacon For Youth 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.lys.org/beaconforyouth.html
What is the mission statement of Beacon For Youth Foundation Inc?
The Beacon For Youth Foundation Inc aims to empower young people and their families, fostering an environment that encourages healing and growth. They strive to support the success of these individuals through a continuum of care. In addition to their fundraising efforts, they provide assistance to Lighthouse Youth Services, an exempt organization. This support is geared towards promoting the well-being and growth of disadvantaged youth.
Official website here: www.lys.org/beaconforyouth.html
Who is the CEO of Beacon For Youth Foundation Inc?
Paul Haffner is the President & Ceo of Beacon For Youth Foundation Inc. The CEO's salary of Beacon For Youth Foundation Inc is $0 and their total compensation is $283,358.
Official website here: www.lys.org/beaconforyouth.html
What is the revenue of Beacon For Youth Foundation Inc?
Beacon For Youth Foundation Inc's revenue in 2023 was $4,431,597.
Official website here: www.lys.org/beaconforyouth.html
Who are the executives of Beacon For Youth Foundation Inc and what are their salaries?
There 218 volunteers at Beacon For Youth Foundation Inc.
Here are 23 key members and their salaries (Beacon For Youth Foundation Inc's CEO's salary is $0 and their total compensation is $283,358):
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- Related: $245,770
- Other: $37,588
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- Other: $34,154
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- Other: $18,631
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- Related: $148,409
- Other: $17,657
Official website here: www.lys.org/beaconforyouth.html
Where can I find the form 990 for Beacon For Youth Foundation Inc?
Beacon For Youth Foundation Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.lys.org/beaconforyouth.html
Learn more at the official website: www.lys.org/beaconforyouth.html
Mission Statement of Beacon For Youth Foundation Inc
The Beacon For Youth Foundation Inc is dedicated to empowering young people and families to succeed, offering a continuum of care that fosters healing and growth. This nonprofit organization's mission is centered around providing support for Lighthouse Youth Services, Inc., another exempt organization. By performing fundraising functions, the Beacon For Youth Foundation Inc helps ensure that Lighthouse Youth Services can continue its vital work in enabling young individuals and families to overcome challenges and achieve success. This mission is executed through a comprehensive approach that promotes healing and growth, ultimately aiming to help young people and their families build brighter futures.
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Impact
June, 2024
Beacon For Youth Foundation Inc empowers young people and families to succeed through a continuum of care that promotes healing and growth. They perform fundraising functions and provide support for Lighthouse Youth Services, Inc., an exempt organization. The foundation's focus on mental health within their mission creates a significant impact by providing crucial support and resources to those in need in Cincinnati, Ohio. Through their work, Beacon For Youth Foundation Inc plays a vital role in enhancing the well-being and future opportunities of youth and families in the community.
This information is meant to be a general summary of Beacon For Youth 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.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2023.
- Investment Income: $351,197
- Gross Receipts: $4,690,696
Assets and Liabilities:
- Total Assets: $18,840,096
- Total Liabilities: $198,467
- Net Assets: $18,641,629
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Organization Details
Founding Year
2004
Phone
(513) 487-7106Principal Officer
Paul Haffner
Main Address
401 E MCMILLAN STREET, CINCINNATI, OH, 45206
NTEE Category
Code: F11 - Mental health
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