Overview
What is L & M Products Inc?
L&M Products Inc, located in Eaton, Ohio, is a nonprofit organization dedicated to expanding resources for adults with developmental disabilities. They offer a comprehensive range of services, aiming to promote independence, self-sufficiency, and involvement in life for individuals with disabilities. Their Group Employment Programs, such as the Employment First Program, provide employment and training opportunities to these individuals. They collaborate with local businesses to offer contract work, which can range from working in customer facilities to exploring the community to enhance work and social skills. The ultimate goal is to prepare individuals for competitive employment. With approximately 11 individuals currently enrolled in these programs, L&M Products Inc is committed to empowering and supporting adults with developmental disabilities, fostering their independence and integration into the community.
Official website here: www.lmproducts.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 92%, Four-Star out of Four Star rating.
L & M Products Inc has achieved a strong 92% score, reflecting a commitment to accountability and finance, which is crucial for maintaining donor trust. The charity's high rating is primarily based on its exemplary practices in financial management, evidenced by a perfect score on its financial statements and a solid program expense ratio of 83.18%. This indicates that a significant portion of its expenditures directly supports its mission.
The organization demonstrates transparency through various policies, including a conflict of interest policy and a whistleblower policy, both of which received perfect scores. Additionally, the board is fully independent, which positively impacts governance and oversight, as shown by the complete scores for independent board members and board meeting documentation.
While the ratings indicate strong performance in financial accountability, the summary does not address any specific programmatic outcomes or community impact, which could provide a more holistic view of the charity's effectiveness. Overall, L & M Products Inc stands out for its robust financial practices and governance, making it a reliable choice for potential donors.
This AI summary has been generated from information found on Charity Navigator.
Is L & M Products Inc legitimate?
L & M Products Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. L & M Products 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: $123,462
Professional Fundraising Fees: $0
Other Salaries and Wages: $412,384
For more financial information, click here
Official website here: www.lmproducts.org
What is the mission statement of L & M Products Inc?
L&M Products Inc's mission is centered around expanding resources for adults with developmental disabilities. They aim to achieve this by providing a comprehensive array of services that promote independence, self-sufficiency, and involvement in life for individuals with disabilities. This is accomplished through various programs, including the Employment First program, which offers employment and training opportunities to individuals with developmental disabilities. The company collaborates with local businesses to provide contract work for program participants, providing them with valuable work experience and skills. The ultimate goal is to prepare them for competitive employment in the community. Approximately 11 individuals are currently part of the Employment First program.
Official website here: www.lmproducts.org
Who is the CEO of L & M Products Inc?
Dave Weber is the Trustee of L & M Products Inc.
Official website here: www.lmproducts.org
What is the revenue of L & M Products Inc?
L & M Products Inc's revenue in 2022 was $1,148,761.
Official website here: www.lmproducts.org
Who are the executives of L & M Products Inc and what are their salaries?
The average compensation at L & M Products Inc during 2022 was $15,310. There are 35 employees and 9 volunteers at L & M Products Inc.
Here are 11 key members and their salaries:
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- Compensation: $59,782
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- Other: $15,759
- Compensation: $63,681
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- Other: $4,078
Official website here: www.lmproducts.org
Where can I find the form 990 for L & M Products Inc?
L & M Products Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.lmproducts.org
Learn more at the official website: www.lmproducts.org
Mission Statement of L & M Products Inc
L&M Products Inc, a dedicated organization, aims to expand resources for adults with developmental disabilities. Their mission is to provide a comprehensive array of services that promote independence, self-sufficiency, and involvement in life for individuals with disabilities. The company's primary goal is to empower these adults, enabling them to integrate fully into society and lead fulfilling lives.
To achieve this, L&M Products Inc offers various programs. One of their notable initiatives is the Employment First program, which provides employment and training opportunities to individuals with developmental disabilities. The company collaborates with local businesses to offer contract work for individuals enrolled in the program. This experience can range from working in customer facilities to exploring the community, helping individuals enhance their work and soft skills with the ultimate goal of securing competitive employment. Approximately 11 individuals are currently part of these programs.
In summary, L&M Products Inc is a mission-driven organization that strives to improve the lives of adults with developmental disabilities. By offering a wide range of services and programs, the organization aims to promote independence, self-sufficiency, and community involvement. Through their Employment First program, they provide valuable employment and training opportunities, ultimately helping individuals with disabilities secure competitive employment and lead more fulfilling lives.
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Impact
October, 2024
L & M Products Inc plays a pivotal role in enhancing the lives of adults with developmental disabilities by providing essential resources and support aimed at fostering independence and self-sufficiency. Through their comprehensive array of services, they empower individuals to engage more fully in their communities and develop vital life skills.
One significant impact of L & M Products Inc is its Employment First Program, which offers targeted employment and training opportunities. By collaborating with local businesses, L & M facilitates meaningful contract work for individuals enrolled in the program. This not only provides practical work experience but also helps participants build essential soft skills necessary for thriving in competitive job markets.
The program currently supports approximately 11 individuals, focusing on both enhancing their work capabilities and promoting social engagement. By enabling these adults to explore various work settings—whether in customer facilities or throughout the community—L & M Products Inc contributes to a more inclusive workforce and community. The organization’s commitment to improving the quality of life for those with developmental disabilities underscores its vital impact and dedication to fostering a supportive environment for personal and professional growth.
This information is meant to be a general summary of L & M Products 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: $13,330
- Program Service Revenue: $908,373
- Gross Receipts: $1,148,761
Assets and Liabilities:
- Total Assets: $2,567,997
- Total Liabilities: $551,536
- Net Assets: $2,016,461
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
ADULT DAY SUPPORT
Revenue
$775,233
GROUP EMPLOYMENT
Revenue
$131,243
TRANSITION SERVICES
Revenue
$1,897
Organization Details
Founding Year
1973
Phone
(937) 456-7141Principal Officer
Dave Weber
Main Address
1308 NORTH MAPLE ST, EATON, OH, 45320
Website
www.lmproducts.orgNTEE Category
Code: J30 - Employment
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