Overview
What is Lake Mills Area Community Foundation Inc?
Lake Mills Area Community Foundation Inc is a charitable organization based in Lake Mills, Wisconsin. Their primary mission is to improve the local community and enhance the quality of life for its residents. They achieve this by providing grants to various organizations within the Lake Mills area. These grants aim to support and uplift the community, ultimately contributing to its overall well-being. The organization's reach is limited to this specific community, demonstrating their commitment to making a tangible impact in their local area.
Official website here: www.lakemillsareacommunityfoundation.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 76%, Three-Star out of Four Star Rating
The Lake Mills Area Community Foundation Inc holds a 76% rating from Charity Navigator, indicating a solid performance in financial accountability and transparency. This rating is derived from a single beacon score focused exclusively on Accountability & Finance, reflecting the organization's commitment to responsible financial practices.
The foundation boasts a fully independent board, with all members meeting the criteria for independence. It also shows strength in other areas, such as having no material diversion of assets and a favorable liabilities-to-assets ratio of 0.00%. Program expenses are commendably high at 72.18%, indicating a strong focus on its mission and effective utilization of resources.
However, there are notable limitations, particularly the absence of key governance policies, such as a conflict of interest policy and a whistleblower policy. These missing elements could raise concerns among potential donors regarding the organization's governance practices. Overall, while the foundation demonstrates strong financial health, addressing these governance shortcomings could enhance its overall rating and trustworthiness.
This AI summary has been generated from information found on Charity Navigator.
Is Lake Mills Area Community Foundation Inc legitimate?
Lake Mills Area Community Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Lake Mills Area Community 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: $4,640
For more financial information, click here
Official website here: www.lakemillsareacommunityfoundation.org
What is the mission statement of Lake Mills Area Community Foundation Inc?
The Lake Mills Area Community Foundation Inc's mission is centered around providing financial assistance to organizations within their community. Their primary objective is to enhance the quality of life for the community's residents. They achieve this by granting funds to various organizations, aiming to bring about improvements and development within the community. The foundation's work is geared towards bettering the lives of community members, ultimately contributing to a more prosperous and fulfilling community.
Official website here: www.lakemillsareacommunityfoundation.org
Who is the CEO of Lake Mills Area Community Foundation Inc?
Kerry Denson is the Dir / President of Lake Mills Area Community Foundation Inc.
Official website here: www.lakemillsareacommunityfoundation.org
What is the revenue of Lake Mills Area Community Foundation Inc?
Lake Mills Area Community Foundation Inc's revenue in 2022 was $51,599.
Official website here: www.lakemillsareacommunityfoundation.org
Who are the executives of Lake Mills Area Community Foundation Inc and what are their salaries?
Here are 9 key members and their salaries:
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Official website here: www.lakemillsareacommunityfoundation.org
Where can I find the form 990 for Lake Mills Area Community Foundation Inc?
Lake Mills Area Community Foundation Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.lakemillsareacommunityfoundation.org
Learn more at the official website: www.lakemillsareacommunityfoundation.org
Mission Statement of Lake Mills Area Community Foundation Inc
Lake Mills Area Community Foundation Inc is committed to improving the lives of the community's residents and enhancing their quality of life. As a grant-providing organization, it focuses on supporting various organizations within the greater Lake Mills, Wisconsin community. Its mission is to make a significant impact by funneling resources towards initiatives that positively influence the community. By doing so, Lake Mills Area Community Foundation Inc aims to foster a sense of progress and well-being among the community's inhabitants.
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Impact
August, 2024
Lake Mills Area Community Foundation Inc's impact is significant in enhancing the quality of life for residents in the greater Lake Mills, Wisconsin community. By providing grants to various organizations, the foundation supports initiatives that focus on improving the well-being of individuals within the community. One specific example of their impact is the scholarships they offer to graduating seniors through their partnership with UW Platteville, providing educational opportunities for local youth. Overall, the foundation contributes to the promotion of human services and community development in the Lake Mills area.
This information is meant to be a general summary of Lake Mills Area Community 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: -$219,953
- Gross Receipts: $2,671,355
Assets and Liabilities:
- Total Assets: $3,988,271
- Total Liabilities: $0
- Net Assets: $3,988,271
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Organization Details
Founding Year
1996
Principal Officer
Kerry Denson
Main Address
PO BOX 33, LAKE MILLS, WI, 53551
NTEE Category
Code: P80 - Human services
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