Overview
What is Lithuanian Foundation Inc?
Lithuanian Foundation Inc, based in Lemont, Illinois, is a nonprofit organization dedicated to advocating for and supporting research related to Lithuanian American heritage, particularly the Lithuanian language and culture. With a modest team of three employees, the foundation's mission is to preserve and nurture Lithuanian traditions and customs in the United States, Lithuania, and Lithuanian communities worldwide. To accomplish this, they fund various cultural and educational activities, contributing to the continuity and growth of Lithuanian heritage in diverse communities.
Official website here: www.lithuanianfoundation.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 97% (Four-Star out of Four Stars)
The Lithuanian Foundation Inc has achieved an impressive Four-Star rating from Charity Navigator, reflecting its strong performance in accountability and finance. The foundation scored a perfect 100% on various criteria, demonstrating a commitment to transparency and responsible financial management. This high rating is significant as it indicates that the organization effectively utilizes its resources for its mission.
Strengths highlighted include a fully independent board, rigorous audit and oversight practices, and clear governance policies such as conflict of interest and whistleblower protections. Additionally, the foundation shows a robust program expense ratio of 85.44%, signifying that a large portion of its expenditures supports its programs directly. Its fundraising efficiency is commendable, with only $0.03 spent to raise each dollar, indicating effective fundraising strategies.
While the data reflects strong organizational health, it is essential for potential donors to consider that the rating is solely based on financial metrics. There may be other qualitative aspects of the organization's impact and community engagement that are not captured in this score. Overall, the Lithuanian Foundation Inc demonstrates a sound financial standing and commitment to governance.
This AI summary has been generated from information found on Charity Navigator.
Is Lithuanian Foundation Inc legitimate?
Lithuanian Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Lithuanian 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: $78,116
Professional Fundraising Fees: $0
Other Salaries and Wages: $80,869
For more financial information, click here
Official website here: www.lithuanianfoundation.org
What is the mission statement of Lithuanian Foundation Inc?
The Lithuanian Foundation Inc is committed to preserving and nurturing Lithuanian culture and traditions, not just within the United States, but also in Lithuania and global Lithuanian communities. Their mission is to support and advocate for initiatives that foster the understanding and appreciation of Lithuanian heritage, with a particular focus on the Lithuanian language and culture. This is achieved through providing grants to university students and supporting various research projects. The foundation aims to foster a sense of unity and pride within the Lithuanian community, promoting cultural exchange and education.
Official website here: www.lithuanianfoundation.org
Who is the CEO of Lithuanian Foundation Inc?
Audrone Pavilcius-Karaliu is the Principal Officer of Lithuanian Foundation Inc.
Official website here: www.lithuanianfoundation.org
What is the revenue of Lithuanian Foundation Inc?
Lithuanian Foundation Inc's revenue in 2022 was $2,868,132.
Official website here: www.lithuanianfoundation.org
Who are the executives of Lithuanian Foundation Inc and what are their salaries?
The average compensation at Lithuanian Foundation Inc during 2022 was $52,995. There are 3 employees and 22 volunteers at Lithuanian Foundation Inc.
Here are 22 key members and their salaries:
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Official website here: www.lithuanianfoundation.org
Where can I find the form 990 for Lithuanian Foundation Inc?
Lithuanian Foundation Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.lithuanianfoundation.org
Learn more at the official website: www.lithuanianfoundation.org
Mission Statement of Lithuanian Foundation Inc
The Lithuanian Foundation Inc is dedicated to preserving and fostering Lithuanian culture and traditions both in the United States, Lithuania, and within global Lithuanian communities. This nonprofit organization aims to support and promote efforts related to the research of Lithuanian American heritage, with a particular focus on the Lithuanian language and culture. To achieve this, the foundation provides grants to university students, contributing to the continuation and development of Lithuanian heritage and cultural knowledge.
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Impact
October, 2024
Lithuanian Foundation Inc has made a significant impact by funding various cultural and educational activities that preserve and promote Lithuanian heritage. Its efforts are especially geared towards researching and celebrating Lithuanian language and culture. By providing grants to university students, the foundation supports the next generation in exploring and understanding their roots, fostering a deeper appreciation for their heritage. Located in Lemont, Illinois, the foundation's mission extends beyond local borders, influencing Lithuanian communities across the United States and worldwide. Through its commitment to cultural preservation, it plays a crucial role in ensuring that Lithuanian traditions and values are sustained and celebrated in a global context.
This information is meant to be a general summary of Lithuanian 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 2022.
- Investment Income: $1,523,229
- Gross Receipts: $10,799,276
Assets and Liabilities:
- Total Assets: $47,203,590
- Total Liabilities: $1,507,387
- Net Assets: $45,696,203
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Organization Details
Founding Year
1962
Phone
(630) 257-1616Principal Officer
Audrone Pavilcius-Karaliu
Main Address
14911 127TH STREET, LEMONT, IL, 604397417
Website
www.lithuanianfoundation.orgNTEE Category
Code: A122 - Arts
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