Overview
What is Lighted Way Foundation?
The Lighted Way Foundation is a dedicated nonprofit organization located at 1445 Chartres Street, LaSalle, Illinois. Its primary mission is to ensure a steady and continuous financial support for Lighted Way Association, Inc., a non-profit corporation. This funds are utilized to cater to the ongoing and emergency needs of the association, including its building, grounds, and programs. In essence, the Lighted Way Foundation serves as a financial backbone for its associated organization, ensuring its sustainability and ability to continue providing services.
What are the reviews and ratings of this charity?
Charity Navigator Rating: Needs Improvement
The Lighted Way Foundation received a Two-Star out of Four Star rating from Charity Navigator, reflecting an overall score of 73%. This rating indicates that while the organization demonstrates a strong commitment to its mission, there are significant areas for improvement, particularly in accountability and financial transparency.
Strengths of the Lighted Way Foundation include a fully independent board, with all board members meeting the criteria for independence. Additionally, the organization has a commendable program expense ratio of 92.44%, suggesting that a large portion of its expenditures directly supports its programs. The absence of liabilities further highlights its financial health.
However, the foundation faces considerable criticism for lacking essential governance policies, including a conflict of interest policy, a whistleblower policy, and a document retention policy. The absence of its website link on the tax form and failure to post tax documents on its website also detracts from its transparency. These limitations could hinder the foundation's ability to build trust with stakeholders and the community.
This AI summary has been generated from information found on Charity Navigator.
Is Lighted Way Foundation legitimate?
Lighted Way Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Lighted Way 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 Lighted Way Foundation?
The Lighted Way Foundation's mission is to ensure a steady and continuous financial support for Lighted Way Association, Inc., a non-profit organization. This support is aimed at meeting the ongoing and emergency needs of the foundation's building, grounds, and programs. In simpler terms, the foundation's primary objective is to provide a reliable source of income for Lighted Way Association, Inc., to maintain and address its various needs and requirements.
Who is the CEO of Lighted Way Foundation?
Jessica Kreiser is the Chairman of Lighted Way Foundation.
What is the revenue of Lighted Way Foundation?
Lighted Way Foundation's revenue in 2023 was $29,579.
Who are the executives of Lighted Way Foundation and what are their salaries?
Here are 6 key members and their salaries:
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Where can I find the form 990 for Lighted Way Foundation?
Lighted Way Foundation's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of Lighted Way Foundation
The Lighted Way Foundation, as a non-profit organization, is dedicated to providing a reliable and continuous source of income. This income is intended to support the Lighted Way Association, Inc., another non-profit entity, in meeting its ongoing and emergency needs. Specifically, the income is used to maintain the association's building, grounds, and programs. This mission ensures the long-term sustainability and functionality of the Lighted Way Association, Inc., enabling it to continue its operations and serve its intended purpose effectively.
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Impact
August, 2024
Lighted Way Foundation's impact is centered around providing a stable source of funding to support the ongoing needs of Lighted Way Association, Inc. This assistance helps in maintaining and improving the facilities, grounds, and programs offered by Lighted Way Association. By ensuring a continuous flow of financial support, Lighted Way Foundation plays a crucial role in sustaining the operations and serving the community through essential human services.
This information is meant to be a general summary of Lighted Way 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 2023.
- Investment Income: $25,408
- Gross Receipts: $29,579
Assets and Liabilities:
- Total Assets: $1,288,705
- Total Liabilities: $0
- Net Assets: $1,288,705
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Organization Details
Founding Year
2009
Phone
(815) 224-1345Principal Officer
Jessica Kreiser
Main Address
1445 CHARTRES ST, LASALLE, IL, 61301
NTEE Category
Code: P11 - Human services
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