Overview
What is Lyons Community Foundation?
Lyons Community Foundation is a nonprofit organization based in Lyons, Nebraska. Its primary mission is to enhance the quality of life in the community by managing funds for civic, educational, or cultural needs. This includes improvement and economic development initiatives. Designated funds account for specific purposes, such as scholarships, property development savings, and community improvement grants. Notable contributions in 2022 include the Robert Hilt Scholarship Fund, Kirk 1 Scholarship Fund, and the Normil Foundation Community Improvement Grant Fund. The foundation acts as a leader in local philanthropy, providing a flexible vehicle for various donors with diverse philanthropic desires. It manages endowments for educational, arts and culture, health, social service, and economic development grants.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 73%, Two-Star out of Four Star rating.
The Lyons Community Foundation has earned a Two-Star rating based on its accountability and finance score, which is calculated entirely from a single beacon score. While the overall score indicates room for improvement, the foundation demonstrates strong governance with a 100% independent board, comprising nine members, and has shown a commitment to transparency by documenting board meeting minutes.
Financially, the foundation performs well, with a 0.00% liabilities to assets ratio and a 100% program expense ratio, indicating effective management of resources and a focus on its charitable mission. However, the overall score suggests that while certain aspects are commendable, there are likely areas needing attention to enhance its effectiveness and public trust.
This AI summary has been generated from information found on Charity Navigator.
Is Lyons Community Foundation legitimate?
Lyons Community Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Lyons Community 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: $0
For more financial information, click here
What is the mission statement of Lyons Community Foundation?
The Lyons Community Foundation's mission is to enhance the quality of life in its community. It achieves this by receiving and managing funds to establish a permanent endowment, promoting growth for existing organizations and institutions. Grants are provided in various sectors such as education, arts and culture, health, social services, and economic development. The foundation also serves as a flexible vehicle for donors with diverse philanthropic interests, acting as a leader in local philanthropic initiatives, identifying and shaping responses to community needs.
Who is the CEO of Lyons Community Foundation?
Gene Nelson is the Principal Officer of Lyons Community Foundation.
What is the revenue of Lyons Community Foundation?
Lyons Community Foundation's revenue in 2022 was $36,772.
Who are the executives of Lyons Community Foundation and what are their salaries?
There 9 volunteers at Lyons Community Foundation.
Here are 9 key members and their salaries:
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Where can I find the form 990 for Lyons Community Foundation?
Lyons Community Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Lyons Community Foundation
Lyons Community Foundation is dedicated to enriching the quality of life in its community by managing funds to support various sectors. Its primary objective is to build a permanent endowment, which will sustain existing organizations and institutions in education, arts and culture, health, social services, and economic development. By providing grants, this foundation serves as a flexible vehicle for donors with diverse philanthropic desires. As a leader in the local philanthropic community, Lyons Community Foundation identifies and shapes responses to community needs, acting as a catalyst for positive change and growth.
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Impact
August, 2024
The Lyons Community Foundation's impact can be seen in its efforts to enrich the quality of life in Lyons, Burt County, Nebraska. By receiving and managing funds to build a permanent endowment, the foundation supports emerging growth and sustains existing organizations and institutions through grants in areas such as education, arts and culture, health, social services, and economic development. Additionally, the foundation provides a flexible vehicle for donors with varied philanthropic desires, acting as a leader in the local philanthropic community by identifying and shaping responses to community needs.
This information is meant to be a general summary of Lyons Community 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: $8,127
- Gross Receipts: $36,772
Assets and Liabilities:
- Total Assets: $677,841
- Total Liabilities: $0
- Net Assets: $677,841
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Organization Details
Founding Year
1994
Phone
(402) 687-2640Principal Officer
Gene Nelson
Main Address
PO BOX 182, LYONS, NE, 68038
NTEE Category
Code: T30 - Philanthropy
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