Overview
What is Millbury Lions Foundation Inc?
The Millbury Lions Foundation Inc is a community-focused nonprofit organization situated in Millbury. Its primary goal is to enhance the Town of Millbury and the lives of its residents by collecting funds and responsibly managing these resources. The organization supports various initiatives, such as funding research for eye conditions through the Mass Lions Club, making charitable contributions to local causes, and promoting youth development and education. As a community service organization, the Millbury Lions Foundation actively engages in raising funds and distributing them to serve the needs of its residents.
Official website here: www.millburylions.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 97% (Four-Star out of Four Stars)
The Millbury Lions Foundation Inc has achieved an impressive Four-Star rating from Charity Navigator, reflecting its high standards in accountability and finance. The charity's overall score is derived entirely from its financial practices, demonstrating a strong commitment to transparency and efficient use of resources. This rating signifies that the organization is well-managed and effectively utilizes donations to maximize its impact.
The foundation showcases several strengths, including a fully independent board of directors and no material diversion of assets. Its fiscal responsibility is highlighted by a remarkable program expense ratio of 91.70%, indicating that the majority of its funds are directed towards its mission-related activities. Additionally, the organization has implemented comprehensive governance and operational policies, including conflict of interest and whistleblower policies, which ensure ethical practices.
While the data reflects a robust operational framework, limitations were not indicated in the assessment. Overall, the Millbury Lions Foundation Inc stands out as a highly rated nonprofit, demonstrating a strong capacity to deliver on its mission with integrity and accountability.
This AI summary has been generated from information found on Charity Navigator.
Is Millbury Lions Foundation Inc legitimate?
Millbury Lions Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Millbury Lions Foundation 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.
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Official website here: www.millburylions.org
What is the mission statement of Millbury Lions Foundation Inc?
The Millbury Lions Foundation Inc, as a community service organization, is dedicated to assisting individuals residing within Millbury. Their primary objective is to raise funds and then utilize these resources to support various initiatives. One of their key areas of focus is contributing to Mass Lions Club Eye research. Additionally, they extend their aid to other community projects and invest in the education and development of local youth. In essence, the Millbury Lions Foundation Inc serves its community by administering the funds it raises to address diverse needs.
Official website here: www.millburylions.org
What is the revenue of Millbury Lions Foundation Inc?
Millbury Lions Foundation Inc's revenue in 2023 was $57,029.
Official website here: www.millburylions.org
Who are the executives of Millbury Lions Foundation Inc and what are their salaries?
Here are 13 key members and their salaries:
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Official website here: www.millburylions.org
Where can I find the form 990 for Millbury Lions Foundation Inc?
Millbury Lions Foundation Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.millburylions.org
Learn more at the official website: www.millburylions.org
Mission Statement of Millbury Lions Foundation Inc
The Millbury Lions Foundation, as a Community Service Organization, is committed to assisting the town of Millbury and its residents. Their primary mission is to raise funds for this purpose and then effectively administer those resources. Through their efforts, they aim to support various initiatives, including medical research related to eyes, contributing to the community, and fostering the growth and development of young people.
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Impact
August, 2024
Millbury Lions Foundation Inc's impact is felt deeply in the community of Millbury, MA. Through their dedication to raising funds and administering those funds effectively, they have been able to support various programs that benefit the town and its residents. Their contributions towards Mass Lions Club Eye research, community donations, and youth education and development have made a significant difference in improving the quality of life for the people of Millbury. The Foundation's commitment to philanthropy underscores their vital role in promoting the well-being and growth of the community they serve.
This information is meant to be a general summary of Millbury Lions Foundation 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.
- Gross Receipts: $109,598
Assets and Liabilities:
- Total Assets: $44,996
- Total Liabilities: $0
- Net Assets: $44,996
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Organization Details
Founding Year
2011
Principal Officer
Donald J Welch Jr
Website
www.millburylions.orgNTEE Category
Code: T30 - Philanthropy
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