Overview
What is Lake Washington Improvement Association Inc?
Lake Washington Improvement Association Inc is a nonprofit organization dedicated to preserving and enhancing the environmental conditions of Lake Washington for the benefit of its residents and users. Their primary mission is to maintain and improve the water quality of the lake, as stated in their mission description. While the specifics of their activities and promotions are not explicitly mentioned in the provided information, it can be inferred that they likely engage in efforts aimed at protecting and conserving the lake's ecosystem, and potentially advocating for policies and practices that support its long-term health.
Official website here: www.lakewashingtonmn.com
What are the reviews and ratings of this charity?
Charity Navigator Rating: 76% (Three-Star out of Four Star Rating)
Lake Washington Improvement Association Inc has received a Three-Star rating from Charity Navigator, reflecting a score of 76%. This score is derived entirely from its Accountability & Finance beacon, indicating the organization demonstrates a strong commitment to financial transparency and accountability. The charity excels in areas such as having a majority independent board and maintaining a low liability to assets ratio, which speaks to its solid financial health.
However, there are some notable limitations in governance practices. The organization is missing key policies such as a Conflict of Interest Policy, a Whistleblower Policy, and a Document Retention and Destruction Policy, which could affect its operational transparency. Additionally, the charity fails to post its tax form on its website as required, which is a significant oversight in terms of public accountability.
Despite these weaknesses, the organization maintains a high program expense ratio, indicating that a large majority of its finances are directed towards its mission-related programs. Overall, while Lake Washington Improvement Association Inc shows strong financial management, addressing its governance deficiencies could enhance its credibility and effectiveness.
This AI summary has been generated from information found on Charity Navigator.
Is Lake Washington Improvement Association Inc legitimate?
Lake Washington Improvement Association Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Lake Washington Improvement Association 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:
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For more financial information, click here
Official website here: www.lakewashingtonmn.com
What is the mission statement of Lake Washington Improvement Association Inc?
The Lake Washington Improvement Association Inc is dedicated to ensuring and enhancing the water quality of Lake Washington. Their mission is to foster a lake environment that benefits local residents and users, with a primary focus on maintaining and improving the water quality of the lake. They strive to create a healthier and more sustainable lake ecosystem for everyone who enjoys its resources.
Official website here: www.lakewashingtonmn.com
Who is the CEO of Lake Washington Improvement Association Inc?
Jason Femrite is the President of Lake Washington Improvement Association Inc.
Official website here: www.lakewashingtonmn.com
What is the revenue of Lake Washington Improvement Association Inc?
Lake Washington Improvement Association Inc's revenue in 2023 was $72,108.
Official website here: www.lakewashingtonmn.com
Who are the executives of Lake Washington Improvement Association Inc and what are their salaries?
Here are 16 key members and their salaries:
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Official website here: www.lakewashingtonmn.com
Where can I find the form 990 for Lake Washington Improvement Association Inc?
Lake Washington Improvement Association Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.lakewashingtonmn.com
Learn more at the official website: www.lakewashingtonmn.com
Mission Statement of Lake Washington Improvement Association Inc
The Lake Washington Improvement Association Inc, a dedicated organization, is committed to maintaining and improving the water quality of Lake Washington. Their mission is geared towards creating, promoting, and preserving a lake environment that benefits residents and users of the lake. By doing so, they aim to uphold a clean and healthy lake ecosystem for the advantage of all who rely on it.
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Impact
June, 2024
Lake Washington Improvement Association Inc's impact is focused on creating, promoting, and maintaining a lake environment to benefit Lake Washington residents and users. They work to maintain and improve the water quality of Lake Washington in Mankato, MN. Their mission is centered on preserving and enhancing the natural environment of the lake for the community's benefit. Through their efforts, they contribute to the overall environmental health and well-being of the area and ensure that Lake Washington remains a valuable resource for all who interact with it.
This information is meant to be a general summary of Lake Washington Improvement Association 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 2023.
- Investment Income: $6,022
- Gross Receipts: $6,992,298
Assets and Liabilities:
- Total Assets: $334,048
- Total Liabilities: $2,121
- Net Assets: $331,927
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Organization Details
Founding Year
1976
Phone
(507) 340-4190Principal Officer
Jason Femrite
Main Address
MANKATO MINNESOTA, MANKATO, MN, 56001
Website
www.lakewashingtonmn.comNTEE Category
Code: C30 - Environment
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