Overview
What is Lakewood Kiwanis Foundation Inc?
Lakewood Kiwanis Foundation Inc is a nonprofit organization situated in Lakewood, Ohio. Their primary mission is to offer college scholarships to graduating students residing in Lakewood. Additionally, they support various programs initiated by the Kiwanis Club of Lakewood, aiming to improve the lives of children and families in the community. The Foundation's activities focus on providing educational opportunities and bettering the wellbeing of local families.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 84%, Three-Star out of Four Star rating.
The Lakewood Kiwanis Foundation Inc holds an overall score of 84%, indicating satisfactory performance in terms of accountability and finance. This rating reflects a strong focus on financial health, with a program expense ratio of 98.44%, suggesting that nearly all of its resources are directed towards its programs and mission.
While the organization has achieved high scores in several areas, it lacks independent board members, scoring 0 out of 10 points in that category. However, it has demonstrated solid practices in areas such as conflict of interest and whistleblower policies, both receiving perfect scores. The foundation appears to maintain good governance practices, evidenced by its adherence to document retention policies and its management of assets relative to liabilities.
This AI summary has been generated from information found on Charity Navigator.
Is Lakewood Kiwanis Foundation Inc legitimate?
Lakewood Kiwanis Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Lakewood Kiwanis 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
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What is the mission statement of Lakewood Kiwanis Foundation Inc?
The Lakewood Kiwanis Foundation Inc has a mission to award college scholarships to graduating students residing in Lakewood and support programs initiated by the Kiwanis Club of Lakewood. Their primary objective is to contribute to the betterment of children and families in the community. The foundation primarily focuses on providing educational opportunities for young individuals and supporting initiatives aimed at improving the lives of children and their families. Through these efforts, the Lakewood Kiwanis Foundation Inc seeks to make a positive impact in its community.
Who is the CEO of Lakewood Kiwanis Foundation Inc?
Matt Rawlings is the Pres of Lakewood Kiwanis Foundation Inc.
What is the revenue of Lakewood Kiwanis Foundation Inc?
Lakewood Kiwanis Foundation Inc's revenue in 2022 was $162,470.
Who are the executives of Lakewood Kiwanis Foundation Inc and what are their salaries?
Here are 6 key members and their salaries:
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Where can I find the form 990 for Lakewood Kiwanis Foundation Inc?
Lakewood Kiwanis Foundation Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Lakewood Kiwanis Foundation Inc
Lakewood Kiwanis Foundation Inc is committed to making a positive impact on the lives of children and families in its community. The organization's primary mission is twofold: providing college scholarships to graduating students residing in Lakewood and supporting various programs initiated by the Kiwanis Club of Lakewood. These initiatives aim to foster growth and improvement within these demographics. By offering college scholarships, Lakewood Kiwanis Foundation Inc encourages academic excellence and enables deserving students to pursue higher education, thereby opening doors to future opportunities. Simultaneously, the foundation supports the initiatives of the Kiwanis Club of Lakewood, which are geared towards uplifting children and families in the community. By carrying out these activities, Lakewood Kiwanis Foundation Inc contributes to a brighter future for its community's young people, ultimately fostering a more prosperous and well-rounded society.
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Impact
October, 2024
Lakewood Kiwanis Foundation Inc significantly enhances the educational and developmental opportunities for Lakewood’s young residents through its scholarship initiatives. By providing college scholarships to graduating students, the foundation empowers them to pursue higher education, opening doors to future career prospects and personal growth.
Additionally, the foundation supports various programs organized by the Kiwanis Club of Lakewood, all aimed at improving the lives of children and families within the community. This commitment not only fosters educational advancement but also encourages a holistic approach to child and family welfare in Lakewood, creating a positive ripple effect throughout the community. Through its efforts, the foundation plays a crucial role in building a brighter future for the next generation.
This information is meant to be a general summary of Lakewood Kiwanis 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: $9,175
- Gross Receipts: $255,812
Assets and Liabilities:
- Total Assets: $1,477,793
- Total Liabilities: $233,750
- Net Assets: $1,244,043
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Organization Details
Founding Year
1950
Phone
(216) 848-0057Principal Officer
Matt Rawlings
Main Address
P O BOX 770405, LAKEWOOD, OH, 44107
NTEE Category
Code: B82 - Education
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