Overview
What is Lutheran Homes Of Oconomowoc Charitable Foundation Inc?
Lutheran Homes of Oconomowoc Charitable Foundation Inc is a nonprofit organization situated in Oconomowoc, Wisconsin. Their primary role is to raise substantial financial support, which they then allocate towards the charitable objectives of Lutheran Homes of OcontoWoc, Inc. This sister organization offers homes and services to seniors, demonstrating compassion and love reminiscent of Christ. In 2022, the Charitable Foundation did not make any distributions to Lutheran Homes of OcontoWoc, Inc. The Foundation's purpose is to garner financial support for the betterment of the senior care provided by their affiliated organization.
Official website here: www.shorehavenliving.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 56% (One-Star out of Four Stars)
Lutheran Homes Of Oconomowoc Charitable Foundation Inc has received a One-Star rating from Charity Navigator, indicating significant concerns with its overall performance. While the organization excels in governance with 100% of its board members being independent, it struggles in financial accountability, reflected in a low score for its liabilities to assets ratio and program expense ratio, both rated at 0.00%.
The nonprofit has demonstrated strong practices in areas such as conflict of interest policies and document retention, earning full marks in those categories. However, the absence of a tax form on its website is a notable shortcoming, which affects transparency and accessibility of its financial information. Despite having an effective audit and oversight committee, the financial management practices need improvement to enhance organizational effectiveness.
In summary, while the foundation showcases strengths in governance and compliance with policies, its financial performance raises concerns that may hinder its ability to achieve its mission effectively. Potential donors and stakeholders should weigh these factors carefully before engaging with the organization.
This AI summary has been generated from information found on Charity Navigator.
Is Lutheran Homes Of Oconomowoc Charitable Foundation Inc legitimate?
Lutheran Homes Of Oconomowoc Charitable Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Lutheran Homes Of Oconomowoc Charitable 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: $0
For more financial information, click here
Official website here: www.shorehavenliving.org
What is the mission statement of Lutheran Homes Of Oconomowoc Charitable Foundation Inc?
The Lutheran Homes Of Oconomowoc Charitable Foundation Inc's primary objective is to procure financial aid. This support is intended to benefit Lutheran Homes Of Oconomowoc Inc., an organization that provides homes and services for the elderly, showcasing the love of Christ. The foundation's role is to collect substantial financial contributions, which are then utilized to achieve the charitable objectives of the corporation. Regrettably, no distributions were made to Lutheran Homes Of Oconomowoc Inc. during 2022.
Official website here: www.shorehavenliving.org
Who is the CEO of Lutheran Homes Of Oconomowoc Charitable Foundation Inc?
Joan Birr is the Ceo of Lutheran Homes Of Oconomowoc Charitable Foundation Inc. The CEO's salary of Lutheran Homes Of Oconomowoc Charitable Foundation Inc is $0 and their total compensation is $247,604.
Official website here: www.shorehavenliving.org
What is the revenue of Lutheran Homes Of Oconomowoc Charitable Foundation Inc?
Lutheran Homes Of Oconomowoc Charitable Foundation Inc's revenue in 2022 was $528,454.
Official website here: www.shorehavenliving.org
Who are the executives of Lutheran Homes Of Oconomowoc Charitable Foundation Inc and what are their salaries?
There 15 volunteers at Lutheran Homes Of Oconomowoc Charitable Foundation Inc.
Here are 15 key members and their salaries (Lutheran Homes Of Oconomowoc Charitable Foundation Inc's CEO's salary is $0 and their total compensation is $247,604):
- Compensation: $0
- Related: $227,812
- Other: $19,792
- Compensation: $0
- Related: $191,834
- Other: $15,093
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- Other: $0
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- Other: $0
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- Other: $0
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- Other: $0
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- Other: $0
- Compensation: $0
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- Other: $0
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- Other: $0
- Compensation: $0
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- Other: $0
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- Other: $0
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- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.shorehavenliving.org
Where can I find the form 990 for Lutheran Homes Of Oconomowoc Charitable Foundation Inc?
Lutheran Homes Of Oconomowoc Charitable Foundation Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.shorehavenliving.org
Learn more at the official website: www.shorehavenliving.org
Mission Statement of Lutheran Homes Of Oconomowoc Charitable Foundation Inc
Lutheran Homes of Oconomowoc Charitable Foundation Inc is committed to raising funds for the benefit of Lutheran Homes of Ocontowoac, Inc. Its primary mission is to gather substantial financial support, aiming to further the charitable goals of the corporation. This support is then channeled towards Lutheran Homes of Ocontowoac, Inc., an organization that provides homes and services to the elderly, reflecting the love of Christ. It's important to note that no distributions were made to Lutheran Homes of Ocontowoac, Inc. during 2022, as per the provided information. This foundation serves as a crucial link, facilitating financial resources that ultimately contribute to the well-being and care of seniors.
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Impact
July, 2024
Lutheran Homes Of Oconomowoc Charitable Foundation Inc's impact is centered around soliciting and receiving financial support for the benefit of Lutheran Homes Of Oconomowoc, Inc., which provides homes and services to seniors in a manner that reflects Christ's love. By actively raising funds and making distributions to support the charitable mission of Lutheran Homes Of Oconomowoc, the foundation plays a vital role in enhancing the quality of life for seniors in the community. Their efforts align with their mission to support this important cause and make a positive difference in the lives of seniors.
This information is meant to be a general summary of Lutheran Homes Of Oconomowoc Charitable 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: $159,041
- Gross Receipts: $548,554
Assets and Liabilities:
- Total Assets: $5,680,161
- Total Liabilities: $0
- Net Assets: $5,680,161
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Organization Details
Founding Year
1997
Phone
(262) 567-8341Principal Officer
Joan Birr
Main Address
PO BOX 208, OCONOMOWOC, WI, 53066
Website
www.shorehavenliving.orgNTEE Category
Code: X99Z - Religion related
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