Overview
What is Lyngblomsten Foundation?
The Lyngblomsten Foundation is a charitable organization situated in St. Paul, Minnesota, with a significant number of 654 generous donors supporting its initiatives. In 2022, the foundation raised an impressive sum of $1,502,986 for Lyngblomsten programs and services. Notably, the foundation received a substantial estate gift from a long-term donor and volunteer. The Lyngblomsten Foundation's primary mission is to raise funds to support the mission of Lyngblomsten, an organization dedicated to providing compassionate care and innovative services to older adults, aiming to preserve and enhance their quality of life, influenced by Christian values. In 2022, the foundation distributed $1,131,489 to various Lyngblomsten programs, with Community Services, LinO Lakes Second Campus Development, and the Good Samaritan Fund being its top three recipients, accounting for 33%, 18%, and 16% of the funds respectively. The foundation's fundraising activities in 2022 included notable events like the Lyngblomsten Foundation's Spring Gala and the Lights of Lyngblomsten Year-End Campaign. Additionally, the foundation honored Curt Thorpe with the Anna Quale Fergstad Award for Distinguished Service, acknowledging his dedicated time and support to Lyngblomsten over the years.
Official website here: www.lyngblomsten.org
What are the reviews and ratings of this charity?
Charity Navigator rating: 96% - Four-Star out of Four Star rating.
Lyngblomsten Foundation has achieved an impressive Four-Star rating from Charity Navigator, reflecting a strong commitment to accountability and financial transparency. The foundation scored 96% in the Accountability & Finance category, indicating effective management of resources and a reliable structure for oversight. The high score is particularly notable given the absence of any material diversion of assets, showcasing the integrity of its financial practices.
The foundation benefits from a predominantly independent board, with 90% of its members being independent, which enhances governance quality. Furthermore, critical policies such as conflict of interest and whistleblower protections are in place, ensuring ethical operations. The audit and oversight processes are robust, further instilling confidence in stakeholders regarding financial integrity.
On the operational front, Lyngblomsten Foundation effectively allocates resources, with a program expense ratio of 86.52%, demonstrating a strong focus on its mission-driven activities. Although the financial metrics indicate excellent performance, continuous monitoring and adaptation will be essential for maintaining these high standards and addressing any emerging challenges in the nonprofit landscape.
This AI summary has been generated from information found on Charity Navigator.
Is Lyngblomsten Foundation legitimate?
Lyngblomsten Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Lyngblomsten 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: $124,163
For more financial information, click here
Official website here: www.lyngblomsten.org
What is the mission statement of Lyngblomsten Foundation?
The Lyngblomsten Foundation's mission, guided by Christian values, is to provide compassionate care and innovative services to older adults. Their aim is to preserve and enhance the quality of life for these individuals. The foundation raises funds to support this mission, with generous donations totaling $1,502,986 in 2022. Notable among these contributions was a substantial estate gift from a longtime donor. The Lyngblomsten Foundation also recognizes distinguished service through the Anna Quale Fergstad Award. Fundraising events in 2022 included the Spring Gala and the Light of Lyngblomsten Year-End Campaign. The foundation distributed a significant portion of its funds, amounting to $1,131,489, to various Lyngblomsten programs, with Community Services, LinO Lakes Second Campus Development, and the Good Samaritan Fund being the top three recipients.
Official website here: www.lyngblomsten.org
Who is the CEO of Lyngblomsten Foundation?
Jeff Heinecke is the President & Ceo of Lyngblomsten Foundation. The CEO's salary of Lyngblomsten Foundation is $0 and their total compensation is $323,421.
Official website here: www.lyngblomsten.org
What is the revenue of Lyngblomsten Foundation?
Lyngblomsten Foundation's revenue in 2022 was $4,167,873.
Official website here: www.lyngblomsten.org
Who are the executives of Lyngblomsten Foundation and what are their salaries?
There 15 volunteers at Lyngblomsten Foundation.
Here are 18 key members and their salaries (Lyngblomsten Foundation's CEO's salary is $0 and their total compensation is $323,421):
- Compensation: $0
- Related: $274,983
- Other: $48,438
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- Compensation: $0
- Related: $166,739
- Other: $50,367
Official website here: www.lyngblomsten.org
Where can I find the form 990 for Lyngblomsten Foundation?
Lyngblomsten Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.lyngblomsten.org
Learn more at the official website: www.lyngblomsten.org
Mission Statement of Lyngblomsten Foundation
The Lyngblomsten Foundation, influenced by Christian values, is dedicated to raising funds to support its mission. This mission involves providing a ministry of compassionate care and innovative services to older adults, aiming to preserve and enhance their quality of life. Through the generosity of 654 donors, the foundation was able to raise $1,502,986 for Lyngblomsten programs and services in 2022. The funds contributed to various initiatives, with Community Services, LinO Lakes Second Campus Development, and the Good Samaritan Fund being the top three recipients. The foundation's efforts are not limited to fundraising; in 2022, it also distributed $1,131,489 to Lyngblomsten programs, demonstrating its commitment to supporting its mission.
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Impact
October, 2024
Lyngblomsten Foundation has made a significant impact by raising over $1.5 million in 2022 through the generosity of 654 donors. This funding directly supports vital programs and services aimed at enhancing the quality of life for older adults. Key initiatives benefited from substantial distributions, with community services receiving 33% of funds, followed by the development of Lino Lakes’ second campus (18%) and the Good Samaritan Fund (16%).
The philanthropic efforts of the Foundation culminated in successful fundraising events such as the Spring Gala and the Lights of Lyngblomsten year-end campaign, which not only gathered financial support but also fostered community engagement. The Foundation acknowledged exceptional contributions by awarding the Anna Quale Fergstad Award to Curt Thorpe, a dedicated supporter for many years. Ultimately, the Lyngblomsten Foundation exemplifies a ministry of compassionate care, significantly influencing the lives of older adults in the St. Paul area.
This information is meant to be a general summary of Lyngblomsten 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 2022.
- Investment Income: $295,233
- Gross Receipts: $8,862,752
Assets and Liabilities:
- Total Assets: $11,734,472
- Total Liabilities: $108,290
- Net Assets: $11,626,182
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Organization Details
Founding Year
1985
Phone
(651) 646-2941Principal Officer
Jeff Heinecke
Main Address
1415 ALMOUND AVENUE, ST PAUL, MN, 55108
Website
www.lyngblomsten.orgNTEE Category
Code: T30 - Philanthropy
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