Overview
What is Lake Geneva Foundation?
The Lake Geneva Foundation is a nonprofit organization that serves as a sanctuary, offering a youth camp and conference center. Its purpose is to facilitate an environment where children, young people, adults, and families can explore and encounter the love of God. This is achieved through its diverse programs, including children's camps and adult conference groups, where individuals can engage with the organization's dedicated staff. The Lake Geneva Foundation aims to provide a transformative experience, fostering spiritual growth and connection among its visitors.
Official website here: www.lgyc.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 88% (Three-Star out of Four Stars)
The Lake Geneva Foundation has received an 88% rating from Charity Navigator, indicating a solid performance in accountability and finance. The score reflects a strong commitment to financial transparency and governance, showcasing a fully independent board and thorough financial audits. Such measures suggest a robust operational framework that prioritizes responsible management of resources.
Strengths include the foundation's high program expense ratio of 99.22%, demonstrating that nearly all funds are directed toward its mission. Additionally, the organization displays a commendable track record in maintaining a low liabilities to assets ratio, further indicating financial stability. However, there are noted gaps in governance policies, specifically the absence of a conflict of interest and whistleblower policy, which could be areas for improvement.
Overall, while the foundation’s financial practices are commendable and it operates with a high degree of accountability, the missing governance policies suggest potential vulnerabilities. Addressing these gaps could enhance the organization's integrity and public trust even further, solidifying its positive standing in the nonprofit sector.
This AI summary has been generated from information found on Charity Navigator.
Is Lake Geneva Foundation legitimate?
Lake Geneva Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Lake Geneva 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: $109,890
Professional Fundraising Fees: $0
Other Salaries and Wages: $824,908
For more financial information, click here
Official website here: www.lgyc.org
What is the mission statement of Lake Geneva Foundation?
The Lake Geneva Foundation operates a youth camp and conference center, serving as a venue for children, young people, adults, and families. Its primary purpose is to facilitate an understanding and experience of God's love through its programs and staff. The foundation achieves this objective by hosting children's youth camps and adult conference groups, offering opportunities for personal growth and spiritual development.
Official website here: www.lgyc.org
Who is the CEO of Lake Geneva Foundation?
Uma Basso is the Director of Lake Geneva Foundation.
Official website here: www.lgyc.org
What is the revenue of Lake Geneva Foundation?
Lake Geneva Foundation's revenue in 2022 was $3,094,699.
Official website here: www.lgyc.org
Who are the executives of Lake Geneva Foundation and what are their salaries?
The average compensation at Lake Geneva Foundation during 2022 was $6,447. There are 145 employees at Lake Geneva Foundation.
Here are 16 key members and their salaries:
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- Compensation: $104,657
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- Other: $5,233
Official website here: www.lgyc.org
Where can I find the form 990 for Lake Geneva Foundation?
Lake Geneva Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.lgyc.org
Learn more at the official website: www.lgyc.org
Mission Statement of Lake Geneva Foundation
The Lake Geneva Foundation serves a unique purpose by operating a youth camp and conference center. Its primary objective is to offer a space where children, young people, adults, and families can explore and encounter the love of God. Through its programs and dedicated staff, the foundation seeks to facilitate this experience. The Lake Geneva Foundation's offerings include children's camps and adult conference groups, providing a variety of opportunities for individuals and families to engage with spiritual growth and understanding.
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Impact
July, 2024
Lake Geneva Foundation's impact is felt through the meaningful experiences it provides to children, young people, adults, and families at its youth camp and conference center. By offering programs that focus on spreading the love of God, the foundation creates a nurturing environment where individuals can deepen their understanding of faith and spirituality. Through its activities and dedicated staff, Lake Geneva Foundation plays a crucial role in fostering personal growth, community engagement, and spiritual development among its participants.
This information is meant to be a general summary of Lake Geneva 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 2022.
- Investment Income: $22,671
- Program Service Revenue: $1,860,588
- Gross Receipts: $3,206,284
Assets and Liabilities:
- Total Assets: $5,243,442
- Total Liabilities: $782,780
- Net Assets: $4,460,662
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
ADULT CONFERENCE
Revenue
$1,096,199
YOUTH CAMP
Revenue
$764,389
Organization Details
Founding Year
1950
Phone
(262) 248-5500Principal Officer
Uma Basso
Main Address
W2655 SOUTH STREET, LAKE GENEVA, WI, 53147
Website
www.lgyc.orgNTEE Category
Code: X20Z - Religion related
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