Overview
What is Lockton Cares Inc?
Lockton Cares Inc is a nonprofit organization situated in Kansas City, Missouri, specifically at 444 W 47th Street Ste 900. Their primary mission is to offer support to employees of Lockton Companies, Inc. and its affiliates who encounter economic hardships due to natural or civil disasters, family tragedies, unusual medical expenses, or other challenging circumstances. This assistance takes the form of loans and direct grants. In 2022, the organization made hardship grants to numerous individuals and provided funds to various charities, with a focus on organizations that aid in disaster relief and community improvement efforts. As of the end of 2022, outstanding loans amounted to $1,079.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 71%, Two-Star out of Four Star rating
Lockton Cares Inc has received a 71% rating from Charity Navigator, reflecting a mixed performance in their accountability and finance practices. The organization demonstrates strengths in governance with an independent board and policies related to conflicts of interest. Additionally, they have shown good management of liabilities and expenses, indicating solid fiscal health.
However, the charity faces significant shortcomings in transparency, as evidenced by a score of zero in several critical areas, including financial statements and the posting of tax forms on their website. The absence of these key financial documents may hinder potential donors' ability to assess the organization’s financial health. The lack of a whistleblower policy and inadequate document retention practices further contribute to concerns regarding accountability.
Overall, while Lockton Cares Inc excels in certain governance aspects, their low scores in financial transparency highlight areas that could benefit from improvement to enhance trust with stakeholders and the public.
This AI summary has been generated from information found on Charity Navigator.
Is Lockton Cares Inc legitimate?
Lockton Cares Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Lockton Cares 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
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What is the mission statement of Lockton Cares Inc?
Lockton Cares Inc's mission is centered around providing assistance to its employees who encounter economic hardships due to various unforeseen circumstances, such as natural disasters, civil disasters, or personal adversities beyond their control. The organization aims to alleviate the financial burdens of its employees by offering loans, grants, and other forms of financial aid. In 2022, the organization extended hardship grants to several individuals and made payments on outstanding loans. Moreover, Lockton Cares Inc also extends its support to charities, with a focus on disaster relief and community improvement initiatives.
Who is the CEO of Lockton Cares Inc?
Peter F Clune is the Dir And President of Lockton Cares Inc.
What is the revenue of Lockton Cares Inc?
Lockton Cares Inc's revenue in 2022 was $507,175.
Who are the executives of Lockton Cares Inc and what are their salaries?
Here are 8 key members and their salaries:
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Where can I find the form 990 for Lockton Cares Inc?
Lockton Cares Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Lockton Cares Inc
Lockton Cares Inc, a nonprofit organization, is dedicated to assisting employees of Lockton Companies Inc who are facing economic hardship as a result of natural or civil disasters, death in the family, unexpected medical expenses due to severe illness or accident, or other unforeseen circumstances beyond their control. The mission of Lockton Cares Inc is to provide aid to its employees in need, offering financial assistance through loans and outright grants. This support is designed to alleviate the financial strain these individuals are experiencing, enabling them to navigate through challenging times. In 2022, Lockton Cares Inc made hardship grants to several individuals and also extended its support to various charities, with a focus on disaster relief and initiatives aimed at improving communities.
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Impact
July, 2024
Lockton Cares Inc's impact can be seen in the profound support it provides to employees of Lockton Companies Inc who are facing economic hardship due to various challenging circumstances. Through the provision of loans and grants, Lockton Cares Inc offers critical financial assistance to individuals grappling with the aftermath of natural disasters, civil emergencies, unexpected medical expenses, or personal tragedies such as the death of a family member. Additionally, the organization extends its outreach beyond Lockton employees by contributing to charitable initiatives focused on disaster relief and community improvement. By addressing the pressing needs of those in crisis, Lockton Cares Inc plays a pivotal role in fostering resilience and well-being within its community.
This information is meant to be a general summary of Lockton Cares 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: $2,407
- Gross Receipts: $613,230
Assets and Liabilities:
- Total Assets: $267,605
- Total Liabilities: $0
- Net Assets: $267,605
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Organization Details
Founding Year
2003
Phone
(816) 482-4795Principal Officer
Peter F Clune
Main Address
444 W 47th Street Ste 900, Kansas City, MO, 64112
NTEE Category
Code: P60 - Human services
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