Overview
What is Ladies Enriching The Community?
Ladies Enriching The Community (LETC) is a nonprofit organization situated in Charleston, South Carolina. Its primary mission is to uplift individuals within the community by offering youth development programs and initiatives that emphasize education, economic growth, and cultural awareness. Through these programs, LETC seeks to empower its beneficiaries, promoting personal development and community cohesion.
Official website here: www.letcinc.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 36%, Zero-Star out of Four Star rating.
Ladies Enriching The Community has been rated at 36%, which indicates significant concerns regarding its financial accountability and transparency. The organization has a fully independent board and shows no material diversion of assets, which are positive aspects. However, the lack of essential policies such as a conflict of interest policy, a whistleblower policy, and document retention procedures severely impacts its accountability score.
The program expense ratio is notably low at 1.88%, suggesting that a minimal amount of funding is directed towards its programs, raising questions about the effectiveness and impact of its activities. Additionally, the liabilities to assets ratio of 31.94% indicates potential financial vulnerabilities. The absence of important publicly accessible documents, like tax forms, further detracts from the charity’s transparency.
In summary, while Ladies Enriching The Community has some strengths in governance, the overall low scores in financial management and programmatic effectiveness highlight significant areas for improvement. Potential donors should consider these factors carefully before supporting the organization.
This AI summary has been generated from information found on Charity Navigator.
Is Ladies Enriching The Community legitimate?
Ladies Enriching The Community is a legitimate nonprofit organization registered as a 501(c)(3) entity. Ladies Enriching The Community 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.
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Official website here: www.letcinc.org
What is the mission statement of Ladies Enriching The Community?
Ladies Enriching The Community (LETC) has a mission to empower individuals through youth development programs and community initiatives. This organization focuses on three key areas: education, economics, and cultural awareness. By doing so, LETC aims to uplift and enrich the lives of individuals within the community. Their activities are centered around equipping individuals with the necessary skills and knowledge to succeed in various aspects of life, fostering economic growth, and promoting cultural understanding and appreciation.
Official website here: www.letcinc.org
Who is the CEO of Ladies Enriching The Community?
Sharon D Wigfall is the Chairman of Ladies Enriching The Community.
Official website here: www.letcinc.org
What is the revenue of Ladies Enriching The Community?
Ladies Enriching The Community's revenue in 2022 was $60,984.
Official website here: www.letcinc.org
Who are the executives of Ladies Enriching The Community and what are their salaries?
There 11 volunteers at Ladies Enriching The Community.
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Official website here: www.letcinc.org
Where can I find the form 990 for Ladies Enriching The Community?
Ladies Enriching The Community's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.letcinc.org
Learn more at the official website: www.letcinc.org
Mission Statement of Ladies Enriching The Community
Ladies Enriching The Community, abbreviated as LETC, is a nonprofit organization that aims to empower individuals in various capacities. Their mission is centered around youth development programs and community initiatives, with a focus on three key areas: education, economics, and cultural awareness. By implementing these initiatives, LETC seeks to uplift and strengthen the community members in Charleston, SC.
The education aspect of LETC's mission is geared towards providing opportunities for personal growth and knowledge acquisition. Through youth development programs, they aim to equip the youth with the necessary skills and knowledge required for a successful future. The economic focus of LETC's mission is geared towards fostering financial stability and independence. They achieve this by incorporating economic development initiatives into their programs, aiming to empower individuals to become self-sufficient and contribute positively to their communities.
Cultural awareness is another crucial component of LETC's mission. By promoting cultural awareness, they aim to foster understanding and appreciation for diverse cultures, thereby promoting unity and harmony within the community. This is achieved through community initiatives that celebrate and promote cultural diversity, thereby promoting a more inclusive and harmonious society.
In summary, LETC empowers individuals in Charleston, SC through its mission of youth development programs and community initiatives focused on education, economics, and cultural awareness. By doing so, they aim to foster personal growth, financial stability, and cultural understanding, thereby enriching the lives of the community members they serve.
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Impact
August, 2024
Ladies Enriching The Community's impact is evident in its efforts to empower individuals in Charleston, SC through youth development programs and community initiatives centered around education, economics, and cultural awareness. Through its work, LETC is fostering a more educated, economically stable, and culturally enriched community in Charleston.
This information is meant to be a general summary of Ladies Enriching The Community. 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: $83,080
Assets and Liabilities:
- Total Assets: $536,121
- Total Liabilities: $171,242
- Net Assets: $364,879
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Organization Details
Founding Year
2003
Phone
(843) 402-6822Principal Officer
Sharon D Wigfall
Main Address
PO BOX 80815, CHARLESTON, SC, 29416
Website
www.letcinc.orgNTEE Category
Code: O50 - Youth development
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