Overview
What is Lebanon Area Foundation?
The Lebanon Area Foundation is a nonprofit organization situated in Lebanon, Missouri. Established with the primary purpose of managing donations, it supports various community projects and non-profit entities. With a dedicated team of only two employees, this organization plays a crucial role in channeling funds towards initiatives that benefit the local community. The Lebanon Area Foundation serves as a vital resource for fostering community growth and development by allocating donations to deserving non-profit organizations.
Official website here: www.lafcares.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 92%, Four-Star out of Four Star rating
The Lebanon Area Foundation has achieved a notable score of 92%, reflecting strong performance in accountability and finance. The organization boasts a fully independent board, with all 19 members meeting the criteria for independence. Key financial metrics show a robust program expense ratio of 100%, indicating that all expenses are directed towards its programs, which is a significant strength.
While the foundation excels in most areas, it does have a minor limitation related to governance. The absence of a whistleblower policy may raise concerns regarding transparency and accountability practices. However, the presence of other strong policies, such as conflict of interest and document retention, helps to mitigate this issue.
Overall, the Lebanon Area Foundation demonstrates a commitment to responsible financial management and strong governance, making it a trustworthy organization for potential donors and stakeholders. The high performance in financial accountability and the independent oversight contribute positively to its reputation in the nonprofit sector.
This AI summary has been generated from information found on Charity Navigator.
Is Lebanon Area Foundation legitimate?
Lebanon Area Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Lebanon Area Foundation 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: $64,444
For more financial information, click here
Official website here: www.lafcares.org
What is the mission statement of Lebanon Area Foundation?
The Lebanon Area Foundation, established with the purpose of managing donations, is dedicated to supporting a variety of community projects and non-profit entities. Its mission is to serve as a facilitator, channeling funds towards initiatives that aim to enhance the well-being and development of the community. By administering these donations, the foundation aims to contribute positively to the local landscape, fostering growth and progress in various sectors. The organization's activities are focused on fostering partnerships with various community organizations and ensuring the effective allocation of resources for the betterment of the community.
Official website here: www.lafcares.org
Who is the CEO of Lebanon Area Foundation?
Deborah Moore is the President of Lebanon Area Foundation.
Official website here: www.lafcares.org
What is the revenue of Lebanon Area Foundation?
Lebanon Area Foundation's revenue in 2023 was $649,019.
Official website here: www.lafcares.org
Who are the executives of Lebanon Area Foundation and what are their salaries?
The average compensation at Lebanon Area Foundation during 2023 was $32,222. There are 2 employees and 40 volunteers at Lebanon Area Foundation.
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Official website here: www.lafcares.org
Where can I find the form 990 for Lebanon Area Foundation?
Lebanon Area Foundation's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.lafcares.org
Learn more at the official website: www.lafcares.org
Mission Statement of Lebanon Area Foundation
The Lebanon Area Foundation is an organization established with a mission to manage donations intended for various community projects and non-profit entities. In essence, its role is to serve as a conduit for funds aimed at enhancing the well-being of local communities and supporting the initiatives of charitable organizations. The foundation's purpose is to channel resources effectively, thereby promoting community development and fostering the growth of non-profit entities.
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Impact
July, 2024
Lebanon Area Foundation plays a crucial role in administering donations for a wide range of community projects and nonprofit entities in the Lebanon area. Through its efforts, the foundation helps support and enhance the well-being of the local community by facilitating charitable giving and strategic philanthropic initiatives. This impactful work directly contributes to the development and sustainability of various organizations and projects that benefit the residents of Lebanon and beyond.
This information is meant to be a general summary of Lebanon Area Foundation. 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: -$34,444
- Gross Receipts: $3,074,838
Assets and Liabilities:
- Total Assets: $5,641,346
- Total Liabilities: $1,105
- Net Assets: $5,640,241
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Organization Details
Founding Year
1984
Principal Officer
Deborah Moore
Main Address
PO BOX 1042, LEBANON, MO, 65536
Website
www.lafcares.orgNTEE Category
Code: T31 - Philanthropy
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