Overview
What is Life Services Network Foundation?
Life Services Network Foundation, operating under the name Leadingage Illinois Foundation, is a nonprofit organization situated in Lisle, Illinois. Their primary focus is to serve the retirement home industry through education and technical assistance. By providing resources and knowledge, the foundation aims to support and enhance the retirement home sector, ultimately contributing to the well-being of those in their care. Their mission is centered around retirement home industry education, offering valuable insights and guidance to this specific field.
Official website here: www.leadingageil.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 97% (Four-Star out of Four Star Rating)
Life Services Network Foundation, operating as LeadingAge Illinois Foundation, has achieved a remarkable Four-Star rating from Charity Navigator, based on an impressive overall score of 97%. This high rating is primarily derived from its strong performance in the Accountability & Finance category, which reflects the organization's commitment to transparency and responsible financial management.
The foundation demonstrates exemplary governance with a fully independent board of directors, consisting of 14 members, and has established robust policies such as a conflict of interest policy and a whistleblower policy. Additionally, the organization maintains a low liabilities to assets ratio of 6.86% and allocates a significant portion of its resources—86.89%—to program expenses, indicating a strong focus on its mission-driven activities.
While the foundation excels in financial accountability and transparency, it is important for potential donors and stakeholders to continue monitoring its operational effectiveness and impact in the community. However, the current ratings and policies suggest a solid foundation built on good governance and financial health.
This AI summary has been generated from information found on Charity Navigator.
Is Life Services Network Foundation legitimate?
Life Services Network Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Life Services Network 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: $7,480
For more financial information, click here
Official website here: www.leadingageil.org
What is the mission statement of Life Services Network Foundation?
The Life Services Network Foundation, operating under the name Leadingage Illinois Foundation, focuses on providing education specifically tailored to the retirement home industry. Their mission is to serve as a resource, offering technical and management assistance, to enhance the knowledge and capabilities within this sector. Through their initiatives, they aim to contribute to the improvement and advancement of retirement homes and the care they provide.
Official website here: www.leadingageil.org
Who is the CEO of Life Services Network Foundation?
Karen Messer is the CEO of Life Services Network Foundation The CEO's salary of Life Services Network Foundation is $0 and their total compensation is $282,968.
Official website here: www.leadingageil.org
What is the revenue of Life Services Network Foundation?
Life Services Network Foundation's revenue in 2020 was $46,750.
Official website here: www.leadingageil.org
Who are the executives of Life Services Network Foundation and what are their salaries?
The average compensation at Life Services Network Foundation during 2020 was $3,740. There are 2 employees and 22 volunteers at Life Services Network Foundation.
Here are 15 key members and their salaries (Life Services Network Foundation's CEO's salary is $0 and their total compensation is $282,968):
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- Related: $263,675
- Other: $19,293
Official website here: www.leadingageil.org
Where can I find the form 990 for Life Services Network Foundation?
Life Services Network Foundation's most recent form 990 was submitted in 2020 and can be accessed here.
Official website here: www.leadingageil.org
Learn more at the official website: www.leadingageil.org
Mission Statement of Life Services Network Foundation
Life Services Network Foundation, also known as Leadingage Illinois Foundation, is dedicated to advancing education within the retirement home industry. Their mission is to serve as a human service technical or management assistance provider, focusing on providing retirement home industry education. This nonprofit organization aims to equip individuals with the necessary knowledge and skills to navigate the complex world of retirement homes, ensuring the best possible care for seniors. By offering retirement home industry education, Life Services Network Foundation is playing a crucial role in enhancing the quality of life for the elderly population.
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Impact
August, 2024
Life Services Network Foundation D/B/A LeadingAge Illinois Foundation's impact is focused on providing retirement home industry education. By offering human service technical or management assistance in Lisle, IL, they contribute to the professional development and knowledge advancement within the retirement home industry. Through their mission to provide retirement home industry education, they equip individuals and organizations in this sector with the necessary tools and information to deliver quality services to elderly individuals. Their tag of "Human services" underscores their commitment to serving the needs of the aging population and enhancing the overall quality of care in retirement homes.
This information is meant to be a general summary of Life Services Network 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 2020.
- Program Service Revenue: $46,750
- Gross Receipts: $46,750
Assets and Liabilities:
- Total Assets: $486,495
- Total Liabilities: $33,403
- Net Assets: $453,092
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
LEADERSHIP ACADEMY
Revenue
$46,750
Organization Details
Founding Year
1953
Principal Officer
Angela Schnepf
Website
www.leadingageil.orgNTEE Category
Code: P75B - Human services
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