Overview
What is Friends Of Lakeside Lab Inc?
Friends of Lakeside Lab Inc, headquartered in Milford, Iowa, is a nonprofit organization with a single employee. Their primary mission is to support Iowa Lakeside Laboratory and Regents Resource Center, contributing to the advancement of water quality monitoring, environmental education, and research. They provide scholarships to students attending the center during the summer, covering either tuition or room and board costs. Furthermore, the nonprofit fosters research opportunities by facilitating collaborations between students and faculty mentors. Friends of Lakeside Lab Inc serves as a community resource, advocating for the laboratory's vital work.
Official website here: www.friendsoflakesidelab.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: Needs Improvement (65%)
Friends Of Lakeside Lab Inc has received a two-star rating from Charity Navigator, indicating a need for improvement in certain operational areas despite achieving a perfect score in accountability and finance. It boasts a fully independent board and strong asset management, yet struggles significantly with financial transparency, as evidenced by the low score in financial statements.
The organization has implemented several key policies, such as conflict of interest and whistleblower policies; however, there are serious gaps in documentation and adherence to best practices, including the absence of a whistleblower policy and poor record retention. This raises concerns about its operational integrity and transparency.
While Friends Of Lakeside Lab Inc demonstrates strengths in governance and asset management, its financial reporting deficiencies may hinder trust and support from potential donors. Enhanced focus on transparency and proper documentation practices could help improve its overall rating and effectiveness in serving its mission.
This AI summary has been generated from information found on Charity Navigator.
Is Friends Of Lakeside Lab Inc legitimate?
Friends Of Lakeside Lab Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Friends Of Lakeside Lab 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: $49,290
Professional Fundraising Fees: $85,007
Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.friendsoflakesidelab.org
What is the mission statement of Friends Of Lakeside Lab Inc?
Friends of Lakeside Lab Inc serves as a community advocate, supporting Iowa Lakeside Laboratory and Regents Resource Center. Their primary mission is to champion the Lab's work in the areas of water quality monitoring, environmental education, and research. They provide scholarships to students attending the Lab during the summer, covering either room and board or tuition costs. Additionally, these scholarship recipients participate in ongoing research projects under faculty mentorship. In essence, Friends of Lakeside Lab Inc acts as a resource to foster the Lab's initiatives and empower future researchers in these fields.
Official website here: www.friendsoflakesidelab.org
Who is the CEO of Friends Of Lakeside Lab Inc?
Madeline Gulick is the Executive Director of Friends Of Lakeside Lab Inc.
Official website here: www.friendsoflakesidelab.org
What is the revenue of Friends Of Lakeside Lab Inc?
Friends Of Lakeside Lab Inc's revenue in 2022 was $905,327.
Official website here: www.friendsoflakesidelab.org
Who are the executives of Friends Of Lakeside Lab Inc and what are their salaries?
The average compensation at Friends Of Lakeside Lab Inc during 2022 was $49,290. There is 1 employee and 150 volunteers at Friends Of Lakeside Lab Inc.
Here are 16 key members and their salaries:
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Official website here: www.friendsoflakesidelab.org
Where can I find the form 990 for Friends Of Lakeside Lab Inc?
Friends Of Lakeside Lab Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.friendsoflakesidelab.org
Learn more at the official website: www.friendsoflakesidelab.org
Mission Statement of Friends Of Lakeside Lab Inc
Friends of Lakeside Lab Inc serves as a dedicated advocate and community resource, supporting Iowa Lakeside Laboratory and the Regents Resource Center. Their mission is centered around championing the Lab's efforts in water quality monitoring, environmental education, and research. By doing so, they aim to foster a broader understanding and appreciation for these crucial fields, ultimately contributing to a more sustainable and informed society.
The nonprofit takes an active role in supporting the Laboratory and Resource Center by providing scholarships to students attending during the summer. These scholarships cover either room and board or tuition fees, allowing promising individuals to gain valuable experience and contribute to ongoing research projects under the guidance of faculty mentors. By investing in the next generation of environmental leaders, Friends of Lakeside Lab Inc plays a significant role in ensuring the continued success and relevance of water quality monitoring and research.
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Impact
July, 2024
Friends Of Lakeside Lab Inc's impact can be seen in its support of Iowa Lakeside Laboratory and Regents Resource Center, where it champions the important work being done in water quality monitoring, environmental education, and research. Through its efforts, students attending the Lab have received scholarships to cover room and board or tuition for their summer programs. Additionally, students have been able to participate in research projects alongside faculty mentors, enhancing their educational experience and contributing to ongoing scientific inquiry. The organization's commitment to education and environmental conservation in the community is evident in its mission and activities.
This information is meant to be a general summary of Friends Of Lakeside Lab 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: $115,014
- Program Service Revenue: $49,205
- Gross Receipts: $926,548
Assets and Liabilities:
- Total Assets: $3,853,411
- Total Liabilities: $26,387
- Net Assets: $3,827,024
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Scholarship
Revenue
$3,690
Water quality testing
Revenue
$5,000
Education
Revenue
$40,000
Program support
Revenue
$515
Organization Details
Founding Year
1994
Phone
1722608458Principal Officer
Madeline Gulick
Main Address
1838 HIGHWAY 86, MILFORD, IA, 513517267
Website
www.friendsoflakesidelab.orgNTEE Category
Code: B43 - Education
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