Overview
What is Leonard & Lillian Memorial Trust F/B/O Assumption High School Found?
The Leonard & Lillian Memorial Trust F/B/O Assumption High School Found is a charitable entity, with its administrative address located at WOODTRUST BANK PO BOX 8000, Wisconsin Rapids, WI 54495. Its primary mission is to support and maintain a specified charitable beneficiary. All income generated by the trust is directed towards this purpose. The trust's activities are focused on ensuring the continuity and well-being of its designated beneficiary.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 1-Star out of Four Stars (53%)
The Leonard & Lillian Memorial Trust for the benefit of Assumption High School has received a low rating of 1-Star from Charity Navigator, indicating significant concerns regarding its accountability and financial transparency. The organization scored only 53% overall, with particular weaknesses in governance, such as having no independent board members and missing essential policies like conflict of interest and whistleblower protections.
Despite these shortcomings, the trust does demonstrate a solid program expense ratio of approximately 70%, suggesting that a significant portion of its funds is directed towards its charitable purposes. Additionally, it maintains a favorable liabilities to assets ratio, reflecting stability in its financial structure. However, the lack of transparency in governance practices and missing documentation raises questions about the organization's operational integrity.
Overall, while the trust is effectively allocating funds towards its mission, its governance practices and lack of independence among board members may limit its effectiveness and accountability to stakeholders. Prospective donors should consider these factors when evaluating their support for the organization.
This AI summary has been generated from information found on Charity Navigator.
Is Leonard & Lillian Memorial Trust F/B/O Assumption High School Found legitimate?
Leonard & Lillian Memorial Trust F/B/O Assumption High School Found is a legitimate nonprofit organization registered as a 501(c)(3) entity. Leonard & Lillian Memorial Trust F/B/O Assumption High School Found 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: $19,254
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
What is the mission statement of Leonard & Lillian Memorial Trust F/B/O Assumption High School Found?
The Leonard & Lillian Memorial Trust, in its mission, is dedicated to maintaining and supporting its charitable beneficiary. This involves distributing all its income towards this beneficiary, ensuring its continuance and well-being. The primary role of the trust is to provide for the ongoing needs of its designated charity, thereby contributing to its sustainability and growth.
Who is the CEO of Leonard & Lillian Memorial Trust F/B/O Assumption High School Found?
Unavailable
What is the revenue of Leonard & Lillian Memorial Trust F/B/O Assumption High School Found?
Leonard & Lillian Memorial Trust F/B/O Assumption High School Found's revenue in 2022 was $41,584.
Who are the executives of Leonard & Lillian Memorial Trust F/B/O Assumption High School Found and what are their salaries?
There is 1 key member and their salary:
- Compensation: $19,254
- Related: $0
- Other: $0
Where can I find the form 990 for Leonard & Lillian Memorial Trust F/B/O Assumption High School Found?
Leonard & Lillian Memorial Trust F/B/O Assumption High School Found's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Leonard & Lillian Memorial Trust F/B/O Assumption High School Found
Leonard & Lillian Memorial Trust F/B/O Assumption High School Found is a charitable entity with a mission to ensure the maintenance and support of its designated beneficiary. In simpler terms, the trust's primary goal is to provide financial assistance and resources to the organization or cause it has been established for. The trust's income is distributed to this charitable beneficiary, thereby playing a crucial role in its ongoing operations and success. The trust's mission is instrumental in supporting the cause or organization it serves, contributing to its sustainability and growth. By providing necessary funds and resources, Leonard & Lillian Memorial Trust F/B/O Assumption High School Found plays a significant role in enhancing the impact and reach of its beneficiary, ultimately contributing to the betterment of the community or cause it serves.
Shop smarter and support your favorite cause with the Give Freely browser extension. Save money with coupons and donate to charity with a single click. Download now!
Impact
October, 2024
The Leonard & Lillian Memorial Trust F/B/O Assumption High School Found plays a crucial role in ensuring the sustained operation and growth of Assumption High School. By providing essential financial support and maintenance, it helps guarantee that students receive a quality education in a stable environment. The trust distributes its income to support various programs and initiatives at the school, fostering academic excellence and community engagement. This commitment to philanthropic support enhances the learning experience for students, contributes to the school’s infrastructure, and ensures that the educational mission is upheld in Wisconsin Rapids, WI. Through its ongoing contributions, the trust significantly impacts both the school and the wider community.
This information is meant to be a general summary of Leonard & Lillian Memorial Trust F/B/O Assumption High School Found. 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: $41,584
- Gross Receipts: $341,072
Assets and Liabilities:
- Total Assets: $1,209,586
- Total Liabilities: $0
- Net Assets: $1,209,586
Want to help this charity, for free? You can click here to learn more about Give Freely
Organization Details
Founding Year
1996
Phone
(715) 423-6800Main Address
WOODTRUST BANK PO BOX 8000, WISCONSIN RAPIDS, WI, 544958000
NTEE Category
Code: T50I - Philanthropy
If you are a representative of Leonard & Lillian Memorial Trust F/B/O Assumption High School Found and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.