Overview
What is La Jolla Town Foundation?
The La Jolla Town Foundation is a nonprofit organization based in La Jolla, California. Established with the mission to enhance the community's well-being, it primarily focuses on funding and supporting public events that contribute positively to La Jolla's quality of life. This could involve commemorating the area's history, promoting a safe and inviting village atmosphere, or fostering a sense of community spirit. One of their specific activities includes the installation of public park benches and the organization of public fireworks displays. The foundation seeks to make La Jolla a more vibrant and engaging place for its residents.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 70% (Two-Star out of Four Star rating)
The La Jolla Town Foundation has received a score of 70%, which translates to a Two-Star rating. This score is based solely on its Accountability & Finance metrics. While the organization demonstrates strong governance with 100% independent board members and no material diversion of assets, it lacks in several key transparency areas, such as missing conflict of interest and whistleblower policies, as well as not posting essential documents on its website.
The foundation's financial management appears solid, with a program expense ratio of 72.72%, indicating that a significant portion of its expenses goes directly towards its charitable programs. However, the absence of a well-structured accountability framework could raise concerns among potential donors and stakeholders regarding the organization's transparency and operational practices.
Overall, while the La Jolla Town Foundation showcases strengths in board independence and program spending, its lack of published policies and documents may hinder its overall effectiveness and trustworthiness in the eyes of the public. Addressing these gaps could improve its rating and enhance donor confidence in its operations.
This AI summary has been generated from information found on Charity Navigator.
Is La Jolla Town Foundation legitimate?
La Jolla Town Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. La Jolla Town Foundation 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
What is the mission statement of La Jolla Town Foundation?
The La Jolla Town Foundation's mission is centered around funding and supporting positive and stimulating public events. These events aim to enhance the quality of life, pay tribute to the area's history and community character, encourage a safe and inviting environment, and foster a sense of community spirit and well-being. The foundation's activities extend to assisting in the installation of public park benches and organizing public fireworks displays.
Who is the CEO of La Jolla Town Foundation?
Glen Rasmussen is the President of La Jolla Town Foundation.
What is the revenue of La Jolla Town Foundation?
La Jolla Town Foundation's revenue in 2023 was $0.
Who are the executives of La Jolla Town Foundation and what are their salaries?
Here are 4 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for La Jolla Town Foundation?
La Jolla Town Foundation's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of La Jolla Town Foundation
The La Jolla Town Foundation is dedicated to supporting and facilitating positive and stimulating public events. Its mission is multifaceted, aiming to either enhance La Jolla's quality of life, preserve its history and community character, promote a safe and inviting village atmosphere, or foster a sense of community spirit and well-being. The foundation achieves this by funding and assisting in the organization of such events.
Concretely, the La Jolla Town Foundation has a hands-on approach to its mission. It contributes to the installation of public park benches, which not only enhance the physical appearance of public spaces but also encourage community interaction. Furthermore, the foundation is involved in the production of public fireworks displays, providing a source of entertainment and joy for the community, fostering a sense of unity and celebration.
In summary, the La Jolla Town Foundation serves as a catalyst for positive change in its community. By funding and assisting in the organization of public events, it aims to improve the quality of life, preserve the heritage, and foster a sense of community spirit and well-being. Its activities, such as the installation of public park benches and the production of fireworks displays, are tangible expressions of its mission.
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Impact
October, 2024
The La Jolla Town Foundation significantly enhances the quality of life in La Jolla through its support of public events and initiatives. By funding activities such as the installation of public park benches and organizing festive fireworks displays, the Foundation promotes a safe and inviting village atmosphere. These efforts not only honor La Jolla's rich history and community character but also foster a sense of community spirit and well-being among residents and visitors alike. The Foundation’s impact is evident in the vibrant public spaces and engaging community events that help cultivate a strong, connected, and lively community in La Jolla.
This information is meant to be a general summary of La Jolla Town Foundation. 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.
Assets and Liabilities:
- Total Assets: $68,499
- Total Liabilities: $0
- Net Assets: $68,499
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Fireworks Contribution
Organization Details
Phone
(858) 456-9751Principal Officer
Glen Rasmussen
Main Address
PO Box 89, La Jolla, CA, 92038
NTEE Category
Code: S20 - Community improvement
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