Overview
What is Big Lake Lions Foundation Inc?
Big Lake Lions Foundation Inc is a nonprofit organization committed to providing financial aid to the Big Lake Lions Club. As per the Internal Revenue Code of 1988 and any subsequent tax laws, the foundation ensures that the Lions Club maintains its exempt status. The primary mission of Big Lake Lions Foundation Inc is to extend financial support to the Lions Club, thereby contributing to their community-focused activities and initiatives. While the specific activities of the Lions Club are not detailed in the information provided, the foundation's role is to ensure their continued operation as a tax-exempt organization, thereby enabling them to carry out their charitable work.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 94%, Four-Star out of Four Star rating.
The Big Lake Lions Foundation Inc has achieved a strong 94% score from Charity Navigator, reflecting its high standards in accountability and finance. The charity’s rating is driven by a perfect score in several key areas, including having a fully independent board and a zero liability to assets ratio, indicating sound financial health and governance practices.
The organization also demonstrates transparency with well-documented policies such as a conflict of interest policy and a whistleblower policy, both of which were appropriately listed. Additionally, the program expense ratio of 99.64% signifies that almost all of its expenses are directed towards its charitable programs, reinforcing its commitment to effective mission delivery.
While the data highlights several strengths, it is important to consider that the rating is based solely on financial metrics and governance practices. Further insights into the impact and effectiveness of its programs would provide a more comprehensive view of its overall performance.
This AI summary has been generated from information found on Charity Navigator.
Is Big Lake Lions Foundation Inc legitimate?
Big Lake Lions Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Big Lake Lions Foundation 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
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What is the mission statement of Big Lake Lions Foundation Inc?
The Big Lake Lions Foundation Inc's mission is centered around providing financial support for the Big Lake Lions Club. As per their mission statement, they aim to continue offering financial aid to the club, ensuring it maintains its exempt status under Section 501 of the Internal Revenue Code of 1988 or any subsequent tax laws in the United States. This support is intended to uphold the club's operations as a tax-exempt organization.
Who is the CEO of Big Lake Lions Foundation Inc?
Christopher Foley is the President of Big Lake Lions Foundation Inc.
What is the revenue of Big Lake Lions Foundation Inc?
Big Lake Lions Foundation Inc's revenue in 2021 was $51,157.
Who are the executives of Big Lake Lions Foundation Inc and what are their salaries?
There 40 volunteers at Big Lake Lions Foundation Inc.
Here are 14 key members and their salaries:
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Where can I find the form 990 for Big Lake Lions Foundation Inc?
Big Lake Lions Foundation Inc's most recent form 990 was submitted in 2021 and can be accessed here.
Mission Statement of Big Lake Lions Foundation Inc
Big Lake Lions Foundation Inc is committed to providing financial assistance for the Big Lake Lions Club. This support is provided under the condition that the club maintains its status as a tax-exempt organization, as per Section 501 of the Internal Revenue Code of 1988 or any subsequent tax laws in the United States. The foundation's mission is to ensure the continuity and success of the Big Lake Lions Club, thereby contributing to its charitable endeavors and community service initiatives.
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Impact
August, 2024
The Big Lake Lions Foundation Inc plays a crucial role in providing financial support to the Big Lake Lions Club, ensuring that it can continue its charitable work within the community. This support enables the Lions Club to carry out important human services initiatives that benefit the residents of Big Lake, Alaska. The impact of the Big Lake Lions Foundation Inc is evident in the positive outcomes achieved through the various programs and services funded by their contributions. Their dedication to serving the community and making a difference in the lives of those in need is truly commendable.
This information is meant to be a general summary of Big Lake Lions Foundation 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 2021.
- Investment Income: $7
- Gross Receipts: $51,157
Assets and Liabilities:
- Total Assets: $18,623
- Total Liabilities: $0
- Net Assets: $18,623
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Organization Details
Founding Year
2012
Phone
(907) 892-6502Principal Officer
Christopher Foley
Main Address
PO Box 520048, Big Lake, AK, 99652
NTEE Category
Code: P12 - Human services
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