Overview
What is Lao-American Organization Of Elgin Inc?
The Lao-American Organization of Elgin Inc. serves as a bridge connecting the city of Elgin and its Lao community, continually collaborating to ensure their shared goals are met. Established with the primary mission of acting as a liaison, the organization plays a vital role in facilitating communication and coordination between the two groups. This nonprofit organization's activities primarily revolve around fostering understanding and collaboration between the city and the Lao community, thereby contributing to a harmonious and inclusive community environment in Elgin.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 44%, Zero-Star out of Four Star rating. The Lao-American Organization Of Elgin Inc has received a low score primarily due to issues related to accountability and finance. The evaluation shows that the organization lacks independent board members and has not implemented several essential governance policies, which has adversely impacted its rating.
The organization has a strong performance in avoiding material diversion of assets and maintains a favorable liabilities to assets ratio, indicating financial stability. However, the absence of independent board members and the missing policies for conflict of interest, whistleblower protection, and document retention highlight significant governance weaknesses that could affect transparency and trustworthiness.
Additionally, the lack of a website for the organization, as well as missing tax form postings, further detracts from its score. While the program expense ratio is reasonably acceptable, the overall governance deficiencies present challenges for potential donors and stakeholders in assessing the organization's reliability and commitment to best practices.
This AI summary has been generated from information found on Charity Navigator.
Is Lao-American Organization Of Elgin Inc legitimate?
Lao-American Organization Of Elgin Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Lao-American Organization Of Elgin Inc 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 Lao-American Organization Of Elgin Inc?
The Lao-American Organization of Elgin Inc serves as a bridge between the Lao community and the city authorities, continually facilitating their collaborative efforts. Their primary mission is to act as a liaison, fostering communication and cooperation between the two parties. By doing so, they aim to enhance the integration of the Lao community into the city's fabric, ensuring their voices are heard and their needs are addressed. The organization's role is instrumental in fostering understanding, unity, and mutual respect between the Lao community and the city administration.
Who is the CEO of Lao-American Organization Of Elgin Inc?
Jay Rasavongxay is the Board Member of Lao-American Organization Of Elgin Inc.
What is the revenue of Lao-American Organization Of Elgin Inc?
Lao-American Organization Of Elgin Inc's revenue in 2022 was $37,900.
Who are the executives of Lao-American Organization Of Elgin Inc and what are their salaries?
There 5 volunteers at Lao-American Organization Of Elgin Inc.
Here are 3 key members and their salaries:
- 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 Lao-American Organization Of Elgin Inc?
Lao-American Organization Of Elgin Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Lao-American Organization Of Elgin Inc
The Lao-American Organization of Elgin plays a vital role as a liaison between the city of Elgin and the Lao community. This nonprofit organization works diligently to maintain a harmonious relationship between the two, continually facilitating collaboration and understanding. By acting as a bridge, Lao-American Organization of Elgin ensures that the needs and concerns of the Lao community are heard and addressed by the city authorities, thereby fostering a more inclusive and diverse community.
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Impact
August, 2024
The Lao-American Organization of Elgin acts as a vital bridge between the city of Elgin and the Lao community, facilitating communication and collaboration to support and uplift the Lao population in the area. Through its liaison role, this organization plays a crucial part in promoting cultural awareness, fostering community engagement, and advocating for the needs and interests of Lao-Americans. By coordinating efforts and building connections, the Lao-American Organization of Elgin contributes to the enrichment and empowerment of the Lao community within the city, ultimately creating a more inclusive and supportive environment for all.
This information is meant to be a general summary of Lao-American Organization Of Elgin Inc. 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.
- Gross Receipts: $37,900
Assets and Liabilities:
- Total Assets: $43,477
- Total Liabilities: $0
- Net Assets: $43,477
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Organization Details
Founding Year
2012
Principal Officer
Jay Rasavongxay
Main Address
164 DIVISION ST STE 402, Elgin, IL, 60120
NTEE Category
Code: A23 - Arts
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