Overview
What is Higgins Lake Foundation?
Higgins Lake Foundation is a nonprofit organization based in Roscommon, Michigan. Their primary mission is to preserve and enhance Higgins Lake as a public recreation facility. To achieve this, they operate a milfoil suction harvester to control the spread and growth of invasive species in the lake. The foundation employs a team of six individuals who are dedicated to maintaining the lake's ecological balance and ensuring its continued use as a popular recreational destination.
Official website here: www.higginslake-foundation.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 57% (One-Star out of Four Stars)
The Higgins Lake Foundation has received a low rating of 57% from Charity Navigator, reflecting significant concerns in its accountability and financial practices. While the organization has a fully independent board and no material diversion of assets, there are critical weaknesses in its governance policies, particularly the absence of a conflict of interest policy, whistleblower policy, and document retention guidelines.
The foundation does demonstrate positive financial management in some areas, such as maintaining a low liabilities-to-assets ratio and a reasonable program expense ratio. However, the program expense ratio may indicate that a considerable portion of funds is not directed towards programs, which raises questions about the effectiveness and efficiency of its operations.
Overall, while the Higgins Lake Foundation displays strengths in board independence and financial integrity, the lack of essential governance policies and transparency measures are significant drawbacks that could impact donor confidence and overall effectiveness.
This AI summary has been generated from information found on Charity Navigator.
Is Higgins Lake Foundation legitimate?
Higgins Lake Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Higgins Lake 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: $63,747
For more financial information, click here
Official website here: www.higginslake-foundation.org
What is the mission statement of Higgins Lake Foundation?
The Higgins Lake Foundation, as an organization, focuses on preserving and enhancing Higgins Lake as a public recreation facility. To achieve this, they operate a milfoil suction harvester to control the spread and growth of invasive species in the lake, ensuring its continued use and enjoyment by the public.
Official website here: www.higginslake-foundation.org
Who is the CEO of Higgins Lake Foundation?
Vicki Springstead is the Trustee of Higgins Lake Foundation.
Official website here: www.higginslake-foundation.org
What is the revenue of Higgins Lake Foundation?
Higgins Lake Foundation's revenue in 2021 was $196,924.
Official website here: www.higginslake-foundation.org
Who are the executives of Higgins Lake Foundation and what are their salaries?
The average compensation at Higgins Lake Foundation during 2021 was $10,624. There are 6 employees and 30 volunteers at Higgins Lake Foundation.
Here are 12 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
- 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
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.higginslake-foundation.org
Where can I find the form 990 for Higgins Lake Foundation?
Higgins Lake Foundation's most recent form 990 was submitted in 2021 and can be accessed here.
Official website here: www.higginslake-foundation.org
Learn more at the official website: www.higginslake-foundation.org
Mission Statement of Higgins Lake Foundation
The Higgins Lake Foundation, a dedicated nonprofit organization, is committed to preserving and enhancing Higgins Lake as a public recreation facility. In pursuit of this mission, they employ operational measures such as the use of a milfoil suction harvester to control the spread and growth of invasive species in the lake, ensuring its continued health and accessibility for public enjoyment.
Shop smarter and support your favorite cause with the Give Freely browser extension. Save money with coupons and donate to charity with a single click. Download now!
Impact
June, 2024
Higgins Lake Foundation's impact lies in their efforts to preserve and enhance Higgins Lake as a public recreation facility. Through the operation of a milfoil suction harvester, they work to control the spread and growth of invasive species in the lake. Their mission is focused on ensuring that Higgins Lake remains a beautiful and sustainable environment for recreational activities.
This information is meant to be a general summary of Higgins Lake 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 2021.
- Investment Income: $54,537
- Program Service Revenue: $39,782
- Gross Receipts: $196,924
Assets and Liabilities:
- Total Assets: $2,531,718
- Total Liabilities: $30,341
- Net Assets: $2,501,377
Want to help this charity, for free? You can click here to learn more about Give Freely
Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RAFFLES
Revenue
$39,782
Organization Details
Founding Year
1989
Phone
(989) 275-9183Principal Officer
Vicki Springstead
Main Address
PO BOX 753, ROSCOMMON, MI, 48653
NTEE Category
Code: C320 - Environment
If you are a representative of Higgins Lake Foundation and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.