Overview
What is Lss Foundation Inc?
Lss Foundation Inc, a nonprofit organization situated in West Allis, Wisconsin, is primarily focused on fundraising and managing contributions for Lutheran Social Services of Wisconsin and Upper Michigan, Inc. (LSS). Their mission is to support the tax-exempt objectives of LSS, which includes providing financial backing for programs and clients within this organization. The foundation operates with a single employee, and their activities are solely dedicated to furthering LSS's charitable goals.
Official website here: www.lsswis.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 96% (Four-Star out of Four Star Rating)
Lss Foundation Inc has achieved a commendable Four-Star rating on Charity Navigator, reflecting its strong performance in accountability and finance with a score of 96%. The organization demonstrates a high level of transparency and governance, featuring a fully independent board and robust financial oversight mechanisms, including an audit committee. Its low liabilities to assets ratio and significant program expense ratio indicate effective use of funds toward its mission.
However, user reviews on platforms like GreatNonprofits highlight concerns regarding the organization, particularly related to ongoing federal investigations into Lutheran Social Services of Michigan. These investigations pertain to serious allegations of employment discrimination and fair housing violations. The feedback raises questions about the organization's operational integrity and the potential impact of these issues on the foundation's overall reputation.
While the charity's financial metrics suggest efficient management, the highlighted controversies could affect public perception and trust. Stakeholders and potential donors may wish to consider both the financial health and the external challenges facing the organization when deciding on their level of support.
This AI summary has been generated from information found on Charity Navigator and Great Nonprofits.
Is Lss Foundation Inc legitimate?
Lss Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Lss 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: $65,421
For more financial information, click here
Official website here: www.lsswis.org
What is the mission statement of Lss Foundation Inc?
The Lss Foundation Inc's mission is to support the tax-exempt purpose of Lutheran Social Services of Wisconsin and Upper Michigan, Inc. In essence, the foundation's role is to raise and manage contributions for the benefit of this organization. These funds are then utilized to fund programs and support clients under the auspices of Lutheran Social Services. The Lss Foundation Inc's activities are aimed at furthering the objectives of providing financial aid for the programs and clients of Lutheran Social Services.
Official website here: www.lsswis.org
Who is the CEO of Lss Foundation Inc?
Patricia Wesner is the Treasurer of Lss Foundation Inc.
Official website here: www.lsswis.org
What is the revenue of Lss Foundation Inc?
Lss Foundation Inc's revenue in 2022 was $1,277,524.
Official website here: www.lsswis.org
Who are the executives of Lss Foundation Inc and what are their salaries?
The average compensation at Lss Foundation Inc during 2022 was $65,421. There is 1 employee and 11 volunteers at Lss Foundation Inc.
Here are 11 key members and their salaries:
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Official website here: www.lsswis.org
Where can I find the form 990 for Lss Foundation Inc?
Lss Foundation Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.lsswis.org
Learn more at the official website: www.lsswis.org
Mission Statement of Lss Foundation Inc
Lss Foundation Inc, a nonprofit organization, is established with a mission to aid Lutheran Social Services of Wisconsin and Upper Michigan, Inc. (LSS) in achieving its tax-exempt purposes. The primary goal of Lss Foundation Inc is to collect and manage contributions, ultimately benefiting LSS and its programs and clients. By providing funding for LSS, the foundation enables the organization to continue its work in various fields, ensuring that its initiatives and services reach those in need.
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Impact
July, 2024
The impact of Lss Foundation Inc is significant in supporting the tax-exempt purpose of Lutheran Social Services of Wisconsin and Upper Michigan, Inc. This organization plays a crucial role in soliciting and managing contributions for the benefit of LSS, which ultimately enables funding for programs and clients of LSS. By providing support in areas such as housing, Lss Foundation Inc positively contributes to the well-being and assistance of individuals and communities in need.
This information is meant to be a general summary of Lss 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: $1,072,197
- Gross Receipts: $6,875,450
Assets and Liabilities:
- Total Assets: $29,198,440
- Total Liabilities: $14,500
- Net Assets: $29,183,940
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Organization Details
Founding Year
1976
Phone
(414) 246-2300Principal Officer
Patricia Wesner
Main Address
6737 W WASHINGTON STREET 2275, WEST ALLIS, WI, 53214
Website
www.lsswis.orgNTEE Category
Code: L12 - Housing
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