Overview
What is The Lsa Building Foundation?
The Lsa Building Foundation is a nonprofit organization that plays a critical role in supporting an exempt school, specifically The Lutheran School Association. Their primary activity is to provide a facility for this school, with the intention of furthering its mission. The foundation's programs are centered around this objective, working towards enhancing the educational environment and facilities for the students of The Lutheran School Association.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 73% (Two-Star out of Four Star Rating)
The Lsa Building Foundation has received a Two-Star rating from Charity Navigator, primarily based on its accountability and finance metrics. The foundation demonstrates strong governance practices, with 87% of its board members being independent and a solid independent board size of seven members. Additionally, the organization has maintained no material diversion of assets and documents its board meeting minutes, indicating a commitment to transparency.
Financially, the foundation shows a favorable liabilities to assets ratio of 15.80%, reflecting a strong position in managing its obligations. Furthermore, it boasts a program expense ratio of 100%, suggesting that all of its expenses are directed towards its programs, which is a positive indicator of its operational efficiency.
However, the overall rating of 73% reflects some room for improvement in other areas that could enhance its score. While the foundation excels in accountability, further transparency in other operational aspects could bolster its standing in the nonprofit community.
This AI summary has been generated from information found on Charity Navigator.
Is The Lsa Building Foundation legitimate?
The Lsa Building Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Lsa Building 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 The Lsa Building Foundation?
The Lsa Building Foundation's mission is centered around providing a facility for an exempt school, specifically, The Lutheran School Association. The organization's programs are designed to support this objective, working diligently to accomplish its mission. The Lsa Building Foundation's activities are geared towards enhancing the educational environment and facilities for the students attending The Lutheran School Association. The foundation's goal is to contribute positively to the school's operations and overall educational experience.
Who is the CEO of The Lsa Building Foundation?
Raymond Curt Marley is the Board Member of The Lsa Building Foundation.
What is the revenue of The Lsa Building Foundation?
The Lsa Building Foundation's revenue in 2022 was $127,984.
Who are the executives of The Lsa Building Foundation and what are their salaries?
There 4 volunteers at The Lsa Building Foundation.
Here are 4 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for The Lsa Building Foundation?
The Lsa Building Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of The Lsa Building Foundation
The Lsa Building Foundation, as its name suggests, is dedicated to providing a facility for an exempt school, specifically, The Lutheran School Association. The mission of this foundation is to create an environment that supports the educational endeavors of this exempt school, thereby contributing to its overall success. The Lsa Building Foundation achieves this by implementing various programs designed to accomplish its mission, thereby ensuring the well-being and prosperity of The Lutheran School Association.
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Impact
October, 2024
The Lsa Building Foundation plays a crucial role in supporting the educational landscape in Decatur, Illinois, by providing essential facilities for the Lutheran School Association. This foundation enhances the learning environment, enabling students to receive quality education in a supportive setting. Its commitment to facilitating programs geared towards academic excellence ensures that students have access to the resources they need to thrive, fostering both personal and educational growth. By prioritizing the needs of the Lutheran School Association, the foundation contributes to the broader mission of promoting educational opportunities within the community, ultimately impacting students' lives positively.
This information is meant to be a general summary of The Lsa Building 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: -$11,637
- Program Service Revenue: $108,768
- Gross Receipts: $139,623
Assets and Liabilities:
- Total Assets: $4,582,508
- Total Liabilities: $791,548
- Net Assets: $3,790,960
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
LSA TUITION ALLOCATED FOR BLD
Revenue
$108,768
Organization Details
Founding Year
1997
Phone
(217) 233-2001Principal Officer
Raymond Curt Marley
Main Address
2001 E MOUND RD, DECATUR, IL, 62526
NTEE Category
Code: T99Z - Philanthropy
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