Overview
What is Lutheran Life Communities Foundation?
Lutheran Life Communities Foundation is a nonprofit organization situated in Arlington Heights, Illinois. Their primary objective is to support the residents and operations of all Lutheran Life Communities, ensuring a vibrant and grace-filled living environment for each community member. This includes providing residential and healthcare services to seniors, offering benevolent care to those who have depleted their financial resources. The foundation's mission is to empower vibrant, grace-filled living across all generations, contributing to the well-being of seniors in their communities. The organization employs a team of 7 individuals in its mission.
Official website here: www.lutheranlifecommunities.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 68% (Two-Star out of Four Star rating)
Lutheran Life Communities Foundation has received a Two-Star rating from Charity Navigator, indicating a moderate level of accountability and financial health. The foundation excels in areas such as having a fully independent board, a robust conflict of interest policy, and strong transparency practices noted by their complete documentation and retention policies. These strengths reflect a commitment to good governance and ethical operations.
However, the organization does face challenges in financial ratios, particularly in its program expense ratio and fundraising efficiency. With a program expense ratio of 57.27%, it indicates that a significant portion of resources is not directly allocated towards programmatic activities. Additionally, its fundraising efficiency ratio of $0.35 suggests room for improvement in generating funds relative to expenditures, which could impact its long-term sustainability.
The foundation's liabilities to assets ratio of 52.78% also signifies that over half of its assets are tied to liabilities, potentially raising concerns about financial stability. Despite these challenges, the foundation maintains a strong working capital ratio of 3.03 years, indicating a solid buffer to meet its short-term obligations. Overall, while Lutheran Life Communities Foundation has some notable strengths, it should address its financial efficiency to enhance its impact.
This AI summary has been generated from information found on Charity Navigator.
Is Lutheran Life Communities Foundation legitimate?
Lutheran Life Communities Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Lutheran Life Communities 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: $357,357
For more financial information, click here
Official website here: www.lutheranlifecommunities.org
What is the mission statement of Lutheran Life Communities Foundation?
The Lutheran Life Communities Foundation's mission is centered around empowering vibrant, grace-filled living for individuals across all generations. They provide residential and healthcare services to seniors, extending benevolent care to those who have depleted their financial resources. In essence, the foundation supports its community members to live fulfilling lives, ensuring necessary care is accessible to all, regardless of financial status. The foundation's role includes underpinning the operations of each Lutheran Life Community.
Official website here: www.lutheranlifecommunities.org
Who is the CEO of Lutheran Life Communities Foundation?
Sloan Bentley is the President And Ceo of Lutheran Life Communities Foundation. The CEO's salary of Lutheran Life Communities Foundation is $0 and their total compensation is $573,319.
Official website here: www.lutheranlifecommunities.org
What is the revenue of Lutheran Life Communities Foundation?
Lutheran Life Communities Foundation's revenue in 2022 was $1,697,882.
Official website here: www.lutheranlifecommunities.org
Who are the executives of Lutheran Life Communities Foundation and what are their salaries?
The average compensation at Lutheran Life Communities Foundation during 2022 was $51,051. There are 7 employees and 5 volunteers at Lutheran Life Communities Foundation.
Here are 6 key members and their salaries (Lutheran Life Communities Foundation's CEO's salary is $0 and their total compensation is $573,319):
- Compensation: $0
- Related: $558,837
- Other: $14,482
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.lutheranlifecommunities.org
Where can I find the form 990 for Lutheran Life Communities Foundation?
Lutheran Life Communities Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.lutheranlifecommunities.org
Learn more at the official website: www.lutheranlifecommunities.org
Mission Statement of Lutheran Life Communities Foundation
Lutheran Life Communities Foundation is dedicated to empowering vibrant, grace-filled living across all generations. This is achieved by providing residential and healthcare services to seniors. The foundation goes beyond the typical care services, offering benevolent care to those who have exhausted their financial resources. In essence, Lutheran Life Communities Foundation aims to support its residents and ensure they live with dignity and grace, regardless of their financial situation. The foundation's mission is to enrich the lives of its community members, providing them with a vibrant and grace-filled living experience.
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Impact
October, 2024
Lutheran Life Communities Foundation significantly enhances the quality of life for seniors through its commitment to providing comprehensive residential and healthcare services. By empowering vibrant, grace-filled living, the Foundation ensures that individuals across all generations can thrive in a supportive environment.
One of its key impacts is the provision of benevolent care for seniors who have exhausted their financial resources. This crucial support allows residents to continue receiving necessary care and services, fostering a sense of dignity and security in their later years. The Foundation supports not only the healthcare needs of its residents but also cultivates a vibrant community atmosphere that promotes engagement and connection among all members.
Through its mission, Lutheran Life Communities Foundation strengthens the fabric of the community by actively investing in the well-being and fulfillment of its residents. This commitment to enhancing the lives of seniors ultimately enriches the entire community, creating a nurturing environment where individuals can flourish regardless of their financial circumstances.
This information is meant to be a general summary of Lutheran Life Communities 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: $215,759
- Gross Receipts: $1,795,082
Assets and Liabilities:
- Total Assets: $11,939,085
- Total Liabilities: $6,250,622
- Net Assets: $5,688,463
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Organization Details
Founding Year
1993
Phone
(847) 368-7300Principal Officer
Sloan Bentley
Main Address
3150 SALT CREEK LANE, ARLINGTON HEIGHTS, IL, 60005
NTEE Category
Code: L22 - Housing
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