Overview
What is Lutheran Social Services Foundation Of Upstate New York Inc?
Lutheran Social Services Foundation of Upstate New York Inc is a nonprofit organization, located at 715 Falconer Street, Jamestown, New York 14701. Its primary objective is to support the charitable purposes of Lutheran Social Services Group Inc and its affiliated corporations, all of which are classified as 501(c)(3) organizations. The foundation utilizes its grants to facilitate the support, renovation, and expansion of Lutheran Social Services Group Inc and its associated organizations. The specifics of these activities are further detailed in Schedule I. The foundation's mission aligns with the broader goals of its affiliated organizations, aiming to contribute positively to their charitable endeavors.
Official website here: www.lutheran-jamestown.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 96% (Four-Star out of Four Star rating)
Lutheran Social Services Foundation Of Upstate New York Inc has achieved a commendable Four-Star rating from Charity Navigator, reflecting its strong performance in Accountability & Finance. The organization scored 96% overall, driven primarily by its financial health and transparency practices, indicating a responsible management of resources and commitment to its mission.
The foundation showcases exceptional governance through 100% independent board members and a comprehensive set of policies including conflict of interest, whistleblower, and document retention protocols. The organization maintains a very low liabilities to assets ratio of 0.02%, coupled with a high program expense ratio of 94.35%, which demonstrates that a significant majority of its funds are directed towards its charitable programs.
While the data presented is overwhelmingly positive, it primarily focuses on financial and governance metrics. There is no additional information regarding program effectiveness or community impact, which are also critical aspects for donors and stakeholders evaluating the overall performance of a nonprofit.
This AI summary has been generated from information found on Charity Navigator.
Is Lutheran Social Services Foundation Of Upstate New York Inc legitimate?
Lutheran Social Services Foundation Of Upstate New York Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Lutheran Social Services Foundation Of Upstate New York 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: $67,624
For more financial information, click here
Official website here: www.lutheran-jamestown.org
What is the mission statement of Lutheran Social Services Foundation Of Upstate New York Inc?
The Lutheran Social Services Foundation of Upstate New York Inc's mission is centered around supporting the charitable objectives of Lutheran Social Services Group Inc. and its affiliated corporations, all of which are recognized as 501(c)(3) organizations. The foundation's purpose is to provide financial assistance for the enhancement, renovation, and expansion of these organizations, as detailed in their Schedule I.
Official website here: www.lutheran-jamestown.org
Who is the CEO of Lutheran Social Services Foundation Of Upstate New York Inc?
Thomas E Holt is the Chair of Lutheran Social Services Foundation Of Upstate New York Inc. The CEO's salary of Lutheran Social Services Foundation Of Upstate New York Inc is $0 and their total compensation is $451,512.
Official website here: www.lutheran-jamestown.org
What is the revenue of Lutheran Social Services Foundation Of Upstate New York Inc?
Lutheran Social Services Foundation Of Upstate New York Inc's revenue in 2022 was $1,910,683.
Official website here: www.lutheran-jamestown.org
Who are the executives of Lutheran Social Services Foundation Of Upstate New York Inc and what are their salaries?
There 30 volunteers at Lutheran Social Services Foundation Of Upstate New York Inc.
Here are 8 key members and their salaries (Lutheran Social Services Foundation Of Upstate New York Inc's CEO's salary is $0 and their total compensation is $451,512):
- Compensation: $0
- Related: $0
- Other: $0
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- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
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- Other: $0
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- Other: $0
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- Other: $0
- Compensation: $0
- Related: $436,132
- Other: $15,380
- Compensation: $0
- Related: $285,238
- Other: $13,135
Official website here: www.lutheran-jamestown.org
Where can I find the form 990 for Lutheran Social Services Foundation Of Upstate New York Inc?
Lutheran Social Services Foundation Of Upstate New York Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.lutheran-jamestown.org
Learn more at the official website: www.lutheran-jamestown.org
Mission Statement of Lutheran Social Services Foundation Of Upstate New York Inc
Lutheran Social Services Foundation of Upstate New York Inc is committed to supporting the charitable purposes of Lutheran Social Services Group Inc and its affiliated corporations. All of these organizations hold 501(c)(3) status, signifying their non-profit status. The foundation's mission is to provide financial support for the renovation, expansion, and general upkeep of these organizations, as outlined in their Schedule I disclosures. By doing so, the foundation aims to contribute to their ongoing operations and the fulfillment of their respective charitable objectives.
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Impact
October, 2024
Lutheran Social Services Foundation of Upstate New York Inc plays a vital role in enhancing community well-being through its support of various charitable initiatives. By providing grants, the foundation facilitates crucial support, renovation, and expansion projects for Lutheran Social Services Group and its affiliated organizations. This financial backing allows these entities to improve their services and outreach, directly benefiting individuals and families in need across the region.
The foundation’s commitment to philanthropy fosters a positive impact on the community, ensuring that resources are allocated to important social services that address various needs. Whether it’s enhancing facilities or expanding programs, the foundation’s efforts contribute significantly to the mission of promoting health, well-being, and stability for those it serves in Jamestown and the surrounding areas.
This information is meant to be a general summary of Lutheran Social Services Foundation Of Upstate New York 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: $104,693
- Gross Receipts: $6,528,969
Assets and Liabilities:
- Total Assets: $18,798,032
- Total Liabilities: $7,974
- Net Assets: $18,790,058
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Organization Details
Founding Year
1996
Phone
(716) 665-4905Principal Officer
Thomas E Holt
Main Address
715 FALCONER STREET, JAMESTOWN, NY, 14701
Website
www.lutheran-jamestown.orgNTEE Category
Code: T30Z - Philanthropy
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