Overview
What is Lhs Foundation Inc?
Lhs Foundation Inc is a faith-based, not-for-profit organization situated in Toledo, Ohio. Its primary mission is to gather, protect, invest, and disburse donations to support the caring ministries of Lutheran Homes Society. This society provides residential care and supportive services for both the youth and elderly. The foundation serves the vulnerable populations in northwestern Ohio and southeastern Michigan, operating in various settings. In 2022, the active donor list counted 365 individuals. Lhs Foundation significantly contributes to the community by funding charitable activities and providing executive management, strategic planning, and advocacy support to Lutheran Homes Society, thereby improving the general health and welfare of the communities in which they operate.
Official website here: www.genacrosslutheranservices.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 96%, Four-Star out of Four Star rating
Lhs Foundation Inc has achieved an impressive 96% rating, reflecting strong performance in accountability and finance. This high rating is primarily based on their robust governance structure, with 88% of board members being independent. The foundation’s financial practices have been thoroughly audited, and all necessary policies concerning conflict of interest, whistleblowing, and document retention are in place, showcasing a commitment to transparency.
The organization demonstrates excellent financial health, evidenced by a low liabilities-to-assets ratio of 7.52% and an impressive program expense ratio of 86.35%. This indicates that a significant portion of their funds is directed toward their missions rather than administrative costs. The foundation's commitment to accountability is further underscored by its adherence to sound fiscal practices and proactive financial oversight.
Overall, Lhs Foundation Inc exhibits strong organizational strengths, particularly in its governance and financial management. No significant limitations were noted in the data, suggesting that the foundation operates effectively, with a clear focus on its charitable objectives.
This AI summary has been generated from information found on Charity Navigator.
Is Lhs Foundation Inc legitimate?
Lhs Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Lhs Foundation 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.genacrosslutheranservices.org
What is the mission statement of Lhs Foundation Inc?
The Lhs Foundation Inc's primary purpose is to offer financial support for the charitable activities of Lutheran Homes Society Inc. and its subsidiaries. This is accomplished by soliciting, receiving, and investing gifts of money and property, administrating and disbursing these funds, and increasing their value for exclusively charitable uses. Lutheran Homes Society Inc., which serves as the parent corporation for the foundation, promotes and facilitates charitable, religious, educational, and scientific purposes for which it has received tax exemption. It supports the foundation by providing executive management, strategic planning, policy formulation, and advocacy. Additionally, Lutheran Homes Society engages in activities intended to assist the foundation directly or indirectly in promoting the general health and welfare of communities it operates in. Furthermore, the corporation aims to promote more efficient utilization of resources through the exercise of its charitable purposes.
Official website here: www.genacrosslutheranservices.org
Who is the CEO of Lhs Foundation Inc?
William R Marshall is the Asst. Sec. / of Lhs Foundation Inc.
Official website here: www.genacrosslutheranservices.org
What is the revenue of Lhs Foundation Inc?
Lhs Foundation Inc's revenue in 2022 was $576,427.
Official website here: www.genacrosslutheranservices.org
Who are the executives of Lhs Foundation Inc and what are their salaries?
There 10 volunteers at Lhs Foundation Inc.
Here are 9 key members and their salaries:
- Compensation: $0
- Related: $327,636
- Other: $64,289
- Compensation: $0
- Related: $221,861
- Other: $37,726
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.genacrosslutheranservices.org
Where can I find the form 990 for Lhs Foundation Inc?
Lhs Foundation Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.genacrosslutheranservices.org
Learn more at the official website: www.genacrosslutheranservices.org
Mission Statement of Lhs Foundation Inc
Lhs Foundation Inc, a charitable organization, is primarily established to provide financial aid for the philanthropic activities of Lutheran Homes Society Inc and its subsidiaries. The foundation's role involves soliciting, receiving, and investing donations, as well as managing and distributing these funds for exclusively charitable purposes. Lutheran Homes Society Inc, the parent corporation of Lhs Foundation Inc, supports the organization by providing executive management, strategic planning, policy formulation, and advocacy services. The society also engages in activities aimed at assisting Lhs Foundation Inc directly or indirectly in promoting the general health and welfare of communities it operates in. Furthermore, Lutheran Homes Society Inc encourages more efficient resource utilization through the exercise of its charitable, religious, educational, and scientific purposes. In essence, Lhs Foundation Inc leverages these benefits and services to enhance its capacity in supporting charitable causes.
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Impact
July, 2024
LHS Foundation Inc's impact lies in providing crucial financial support for the charitable activities of Lutheran Homes Society, Inc. and all its subsidiaries. By diligently gathering, protecting, investing, and disbursing the generous gifts shared by individuals towards the caring ministries of Lutheran Homes Society, this organization plays a significant role in providing residential care and supportive services for youth and the elderly. Through its faith-based initiatives, LHS Foundation extends its services to the vulnerable populations, making a difference in the lives of those it serves. Additionally, the Foundation's fundraising efforts have a direct impact on improving and contributing to the communities in which it operates, furthering its tax-exempt purpose and commitment to compassionate, quality care.
This information is meant to be a general summary of Lhs Foundation 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: $194,075
- Gross Receipts: $576,427
Assets and Liabilities:
- Total Assets: $17,321,739
- Total Liabilities: $1,303,508
- Net Assets: $16,018,231
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Organization Details
Founding Year
1991
Phone
(419) 861-4990Principal Officer
William R Marshall
Main Address
2021 NORTH MCCORD SUITE B, TOLEDO, OH, 43615
NTEE Category
Code: T700 - Philanthropy
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