Overview
What is The Lasalle Foundation?
The Lasalle Foundation is a nonprofit organization situated in Chicago, Illinois, specifically at 1111 N. Wells Street. Its primary role involves managing and owning a building, which serves as a shared space for various 501(C)(3) organizations. These nonprofits, including an educational child care center, organizations providing youth programs, and a high school for disadvantaged students, occupy this building and contribute towards its operational expenses. The Lasalle Foundation's mission aligns with supporting these organizations, enabling them to deliver educational and charitable programs to the wider community. The foundation's team consists of eight dedicated individuals.
Official website here: www.lasallestreetchurch.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: Three Stars (88%)
The Lasalle Foundation has achieved an 88% score, reflecting a solid commitment to accountability and financial health. This rating is solely based on the Accountability & Finance beacon, indicating a strong emphasis on transparency and responsible management. The foundation boasts a high percentage of independent board members, which is crucial for effective governance.
Despite its strengths, there are notable areas for improvement. The foundation lacks a conflict of interest policy and a document retention policy, which are important for organizational integrity. Additionally, the absence of posted tax forms on its website could hinder transparency.
On the positive side, the Lasalle Foundation excels in maintaining a high program expense ratio, indicating that a significant portion of its funds is directed towards programmatic activities. With a liabilities to assets ratio of just 17.55%, the organization demonstrates a prudent financial strategy. Overall, while there are some gaps in policy documentation, the foundation shows a strong commitment to its mission through its financial practices.
This AI summary has been generated from information found on Charity Navigator.
Is The Lasalle Foundation legitimate?
The Lasalle Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Lasalle 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: $295,389
For more financial information, click here
Official website here: www.lasallestreetchurch.org
What is the mission statement of The Lasalle Foundation?
The Lasalle Foundation's primary role is to manage a building, known as the Cornerstone Center, for a group of 501(c)(3) organizations. These organizations, which include a child care center, educational programs for youth, and a high school for disadvantaged students, utilize the space to provide educational and charitable programs for the public. The foundation facilitates this by overseeing the building's operations, with each occupant contributing their share of the building's expenses. While the Lasalle Foundation does not have a traditional mission statement in the sense of promoting specific causes or goals, its function is to support these charitable organizations in their endeavors.
Official website here: www.lasallestreetchurch.org
Who is the CEO of The Lasalle Foundation?
Rev Randall K Blakey is the President of The Lasalle Foundation.
Official website here: www.lasallestreetchurch.org
What is the revenue of The Lasalle Foundation?
The Lasalle Foundation's revenue in 2022 was $840,123.
Official website here: www.lasallestreetchurch.org
Who are the executives of The Lasalle Foundation and what are their salaries?
The average compensation at The Lasalle Foundation during 2022 was $36,924. There are 8 employees at The Lasalle Foundation.
Here are 4 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $85,400
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.lasallestreetchurch.org
Where can I find the form 990 for The Lasalle Foundation?
The Lasalle Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.lasallestreetchurch.org
Learn more at the official website: www.lasallestreetchurch.org
Mission Statement of The Lasalle Foundation
The Lasalle Foundation is committed to supporting a group of nonprofit organizations by owning and managing a building that houses their operations. This building, known as the Cornerstone Center, is beneficial to these organizations as they provide educational and charitable programs for the general public. Among the occupants are a child care center, educational programs for youth, and a high school specifically designed for disadvantaged students. The Lasalle Foundation ensures that these organizations cover their respective shares of the building's operating expenses. By doing so, it contributes to the provision of essential services to the community, including early childhood education, youth development, and secondary education for those in need.
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Impact
October, 2024
The Lasalle Foundation significantly impacts the community by owning and managing the Cornerstone Center in Chicago, Illinois. This facility serves as a hub for various 501(c)(3) organizations that provide essential educational and charitable programs to the public. By housing a diverse array of services, the Cornerstone Center plays a pivotal role in supporting a child care center, educational programs for youth, and a high school tailored for disadvantaged students. These organizations collectively contribute to community improvement, making vital resources more accessible to those in need. The foundation's focus on facilitating these programs not only enhances individual lives but also strengthens the overall fabric of the community, fostering a supportive environment for growth and development.
This information is meant to be a general summary of The Lasalle 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: $538
- Program Service Revenue: $788,468
- Gross Receipts: $840,123
Assets and Liabilities:
- Total Assets: $4,958,951
- Total Liabilities: $870,663
- Net Assets: $4,088,288
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
PROGRAM SERVICE REVENU
Revenue
$788,468
Organization Details
Founding Year
1987
Phone
(312) 573-8800Principal Officer
Rev Randall K Blakey
Main Address
1111 N WELLS ST 500, CHICAGO, IL, 60610
Website
www.lasallestreetchurch.orgNTEE Category
Code: S80 - Community improvement
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