Overview
What is Foundation For Lake Chapala Charities Inc?
The Foundation For Lake Chapala Charities Inc, based in Laredo, Texas, serves as a 501(c)(3) public charity. Its primary role is to collect and distribute donations to eligible nonprofit organizations operating within the Lake Chapala region in Jalisco state, Mexico. These funded institutions focus on providing essential services such as educational assistance for underprivileged individuals, feeding programs for the needy, medical aid for the impoverished, housing for abandoned children, and animal care and adoption services. The Foundation's mission is to contribute to the betterment of the community in the Lake Chapala area by supporting these worthy causes.
Official website here: www.lakechapalacharities.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 69%, earning a Two-Star out of Four Star rating. The Foundation For Lake Chapala Charities Inc has a mixed performance in terms of accountability and financial management. While it has achieved a strong program expense ratio of 98.71%, indicating that most of its spending goes directly towards its programs, it lacks in several critical areas of transparency and governance.
The organization boasts an entirely independent board, which is a positive aspect, as it helps ensure that decision-making is free from conflicts of interest. However, the absence of a conflict of interest policy, whistleblower policy, and document retention policy raises concerns about the overall governance framework. Additionally, the financial statements are not available, which limits the ability of stakeholders to assess the financial health and operational effectiveness of the organization.
Overall, while the Foundation For Lake Chapala Charities Inc demonstrates a commitment to directing funds towards its mission, there are significant areas for improvement in governance and transparency that potential donors and supporters should consider.
This AI summary has been generated from information found on Charity Navigator.
Is Foundation For Lake Chapala Charities Inc legitimate?
Foundation For Lake Chapala Charities Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Foundation For Lake Chapala Charities 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.lakechapalacharities.org
What is the mission statement of Foundation For Lake Chapala Charities Inc?
The Foundation for Lake Chapala Charities Inc, being a 501(c)(3) public charity, collects donations and distributes them to eligible, charitable organizations situated in the vicinity of Lake Chapala, Mexico. The organization's primary mission is to support these nonprofits, which in turn provide various services such as educational assistance for the underprivileged, feeding programs, medical aid for the less fortunate, housing for abandoned children, and animal care and adoption services. The Foundation's role is to facilitate these initiatives by managing donations and channeling them to these worthy causes.
Official website here: www.lakechapalacharities.org
Who is the CEO of Foundation For Lake Chapala Charities Inc?
Sandra M Feldmann is the Principal Officer of Foundation For Lake Chapala Charities Inc.
Official website here: www.lakechapalacharities.org
What is the revenue of Foundation For Lake Chapala Charities Inc?
Foundation For Lake Chapala Charities Inc's revenue in 2022 was $637,825.
Official website here: www.lakechapalacharities.org
Who are the executives of Foundation For Lake Chapala Charities Inc and what are their salaries?
There 7 volunteers at Foundation For Lake Chapala Charities Inc.
Here are 7 key members and their salaries:
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Official website here: www.lakechapalacharities.org
Where can I find the form 990 for Foundation For Lake Chapala Charities Inc?
Foundation For Lake Chapala Charities Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.lakechapalacharities.org
Learn more at the official website: www.lakechapalacharities.org
Mission Statement of Foundation For Lake Chapala Charities Inc
The Foundation for Lake Chapala Charities, as a 501(c)(3) public charity, plays a significant role in the distribution of donations to various qualified nonprofit organizations situated around Lake Chapala in Mexico. Its mission is centered around receiving and channeling these funds to these charities, contributing to their program services. The types of services these funded institutions provide include educational assistance for financially disadvantaged individuals, feeding programs for the impoverished, medical aid for those in need, housing for abandoned children, and animal care and adoption services. By providing financial support to these institutions, the Foundation for Lake Chapala Charities contributes to the betterment of numerous communities within its region.
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Impact
July, 2024
Foundation For Lake Chapala Charities Inc's impact is significant in providing critical support to various nonprofit organizations in the Lake Chapala area of Jalisco state, Mexico. Through its program services, including educational assistance for the poor, feeding programs, medical aid, housing for abandoned children, and animal care services, the foundation makes a tangible difference in the lives of those in need. By receiving and distributing donations to these qualified charitable institutions, the foundation plays a crucial role in improving the well-being and quality of life of individuals and communities in the region.
This information is meant to be a general summary of Foundation For Lake Chapala Charities 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.
- Gross Receipts: $637,825
Assets and Liabilities:
- Total Assets: $22,191
- Total Liabilities: $16,517
- Net Assets: $5,674
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Organization Details
Founding Year
2009
Phone
(615) 692-1663Principal Officer
Sandra M Feldmann
Main Address
5802 Bob Bullock Loop Ste 328C 4A, Laredo, TX, 78041
Website
www.lakechapalacharities.orgNTEE Category
Code: Q12 - International
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