Overview
What is Lamar Sheltered Workshop Inc?
Lamar Sheltered Workshop Inc, situated in Lamar, Missouri, is a dedicated nonprofit organization that focuses on empowering individuals with mental challenges. By offering productive employment opportunities, the workshop enables these individuals to earn wages, thereby boosting their self-esteem. The organization supports around 40 individuals within its community, providing them with a safe and nurturing environment to grow and contribute positively.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 85% (Three-Star out of Four Stars)
Lamar Sheltered Workshop Inc has earned a solid Three-Star rating from Charity Navigator, reflecting a strong emphasis on accountability and finance. The overall score is derived from a comprehensive assessment of various financial metrics, primarily focusing on their accountability practices, which score 85%. This rating signifies that the organization adheres to high standards in financial transparency and governance.
The organization boasts a fully independent board with 100% of its members being independent, which contributes to its strong governance score. Additionally, it has a robust financial oversight mechanism in place, with full marks for its audit and oversight committee, ensuring that the organization is well-managed and accountable to its stakeholders. The absence of material diversion of assets further highlights its commitment to ethical financial practices.
However, while the program expense ratio stands at 65.91%, indicating a significant portion of funds directed toward its programs, it is slightly below the ideal benchmark. This aspect may suggest room for improvement in maximizing programmatic spending relative to total expenses. Overall, Lamar Sheltered Workshop Inc demonstrates a commendable level of accountability and financial health, which is crucial for sustaining donor trust and support.
This AI summary has been generated from information found on Charity Navigator.
Is Lamar Sheltered Workshop Inc legitimate?
Lamar Sheltered Workshop Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Lamar Sheltered Workshop 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: $153,740
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What is the mission statement of Lamar Sheltered Workshop Inc?
Lamar Sheltered Workshop Inc's mission is centered around empowering individuals with mental challenges. By offering them productive employment opportunities, this organization aims to enhance their earnings and boost their self-esteem. The workshop, while not specified, supports a significant number of individuals, up to 40, in fostering their independence and personal growth.
Who is the CEO of Lamar Sheltered Workshop Inc?
Jack Cronin is the Director of Lamar Sheltered Workshop Inc.
What is the revenue of Lamar Sheltered Workshop Inc?
Lamar Sheltered Workshop Inc's revenue in 2022 was $599,748.
Who are the executives of Lamar Sheltered Workshop Inc and what are their salaries?
The average compensation at Lamar Sheltered Workshop Inc during 2022 was $4,271. There are 36 employees at Lamar Sheltered Workshop Inc.
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Where can I find the form 990 for Lamar Sheltered Workshop Inc?
Lamar Sheltered Workshop Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Lamar Sheltered Workshop Inc
Lamar Sheltered Workshop Inc, a notable organization, is dedicated to empowering individuals with mental challenges. By offering productive employment opportunities, this nonprofit enables these individuals to earn wages and significantly boosts their self-esteem. The workshop, capable of supporting up to 40 individuals, plays a crucial role in Lamar, Missouri, by providing a platform for these individuals to contribute positively to their community and lead more fulfilling lives. The mission of Lamar Sheltered Workshop Inc is to provide a supportive environment where individuals with mental challenges can thrive, gain independence, and contribute to society in a meaningful way.
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Impact
July, 2024
Lamar Sheltered Workshop Inc, now known as Lamar Enterprises, has a significant impact on the community by empowering mentally challenged individuals through meaningful employment opportunities. By providing up to 40 individuals in Lamar, MO, with the chance to work and earn wages, Lamar Enterprises not only enhances their financial independence but also boosts their self-esteem. This initiative goes beyond mere charity and actively contributes to the well-being and integration of mentally challenged individuals in society.
This information is meant to be a general summary of Lamar Sheltered Workshop 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: $1,910
- Gross Receipts: $742,055
Assets and Liabilities:
- Total Assets: $981,370
- Total Liabilities: $18,374
- Net Assets: $962,996
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Organization Details
Founding Year
1973
Phone
(417) 682-3893Principal Officer
Jack Cronin
Main Address
PO BOX 61, LAMAR, MO, 64759
NTEE Category
Code: J33Z - Employment
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