Overview
What is Lakes Center For Youth & Families?
Lakes Center For Youth & Families (LC4YF) is a dedicated nonprofit organization situated in Forest Lake, Minnesota. With a mission to foster the success of youth, adults, and families, they offer a variety of programming to address the evolving needs of their community. In 2022, their counseling services reached 166 clients, ranging from 5 to 75 years old. They provided counseling sessions through telehealth, in-office visits, and in-school programs, resulting in a total of 2,446 sessions. LC4YF experienced a reduction in expenses for their counseling program due to a temporary reduction in staff for six months of the year. The organization has a workforce of 29 individuals, all committed to supporting the well-being of their community.
Official website here: www.lc4yf.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 96%, Four-Star out of Four Star rating
Lakes Center For Youth & Families has achieved an impressive Four-Star rating from Charity Navigator, indicating a strong level of accountability and financial health. The overall score is derived entirely from its Accountability & Finance metrics, where it scored 96%. This high score reflects a well-managed organization with a focus on transparency and ethical governance.
The organization boasts a fully independent board, with 100% of its 18 members being independent. It has received perfect scores in key areas such as its audit and oversight committee, conflict of interest policy, and whistleblower policy. These strengths highlight Lakes Center's commitment to maintaining high standards of governance.
Financially, Lakes Center demonstrates sound management practices, with an excellent program expense ratio of 88.04%, indicating that a significant portion of its expenses directly supports its programs. Additionally, the low liabilities to assets ratio of 6.20% suggests a solid financial footing, although specific areas for improvement were not noted in the data provided.
This AI summary has been generated from information found on Charity Navigator.
Is Lakes Center For Youth & Families legitimate?
Lakes Center For Youth & Families is a legitimate nonprofit organization registered as a 501(c)(3) entity. Lakes Center For Youth & Families 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: $123,784
Professional Fundraising Fees: $0
Other Salaries and Wages: $519,920
For more financial information, click here
Official website here: www.lc4yf.org
What is the mission statement of Lakes Center For Youth & Families?
The Lakes Center for Youth & Families (LC4YF) is committed to ensuring the success of youth, adults, and families within their community. They achieve this by providing programs that adapt to the evolving needs of their community. In 2022, their counseling program served 166 clients ranging in age from 5 to 75, offering 2,446 sessions through telehealth, in-office, and in-school sessions. Notably, they managed to reduce expenses for their counseling program due to having one less full-time employee for six months of the year.
Official website here: www.lc4yf.org
Who is the CEO of Lakes Center For Youth & Families?
Linda Madsen is the Executive Di of Lakes Center For Youth & Families.
Official website here: www.lc4yf.org
What is the revenue of Lakes Center For Youth & Families?
Lakes Center For Youth & Families's revenue in 2022 was $901,772.
Official website here: www.lc4yf.org
Who are the executives of Lakes Center For Youth & Families and what are their salaries?
The average compensation at Lakes Center For Youth & Families during 2022 was $22,197. There are 29 employees and 22 volunteers at Lakes Center For Youth & Families.
Here are 20 key members and their salaries:
- Compensation: $99,915
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- Other: $2,997
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Official website here: www.lc4yf.org
Where can I find the form 990 for Lakes Center For Youth & Families?
Lakes Center For Youth & Families's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.lc4yf.org
Learn more at the official website: www.lc4yf.org
Mission Statement of Lakes Center For Youth & Families
Lakes Center for Youth & Families (LC4YF) is dedicated to ensuring the success of youth, adults, and families within their community by providing programs tailored to evolving needs. Their mission, as stated, is to guarantee the prosperity of individuals and families through continually adapting programming. In 2022, they reached out to 166 clients ranging from 5 to 75 years old, offering a total of 2,446 sessions through various mediums such as telehealth, in-office sessions, and in-school sessions. A significant reduction in expenses for their counseling program was also noted due to having one fewer full-time employee for six months of the year.
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Impact
July, 2024
Lakes Center For Youth & Families has made a significant impact in the community by providing counseling services to individuals ranging in age from 5 to 75. In 2022, they reached 166 clients and conducted 2,446 sessions through telehealth, in-office, and in-school sessions. This organization has played a crucial role in supporting the mental health and well-being of individuals and families in Forest Lake, MN. Their efforts have contributed to a reduction in expenses for their counseling program, demonstrating an efficient use of resources to serve those in need.
This information is meant to be a general summary of Lakes Center For Youth & Families. 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
- Program Service Revenue: $248,148
- Gross Receipts: $5,619,083
Assets and Liabilities:
- Total Assets: $720,274
- Total Liabilities: $44,717
- Net Assets: $675,557
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
CLIENT FEES
Revenue
$247,444
SALES
Revenue
$704
Organization Details
Founding Year
1976
Phone
(651) 464-3685Principal Officer
Linda Madsen
Main Address
20 N LAKE STREET SUITE 103, FOREST LAKE, MN, 55025
Website
www.lc4yf.orgNTEE Category
Code: I21Z - Crime
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