Overview
What is Lids Foundation Inc?
Lids Foundation Inc, located in Indianapolis, Indiana, is a nonprofit organization dedicated to supporting local communities and the charitable organizations that serve them. Their mission is to empower community members of all ages to live more active, healthy, and productive lives. To achieve this, they distribute grants to various grantees, such as the Boys and Girls Clubs of Metropolitan Baltimore, Sea of Trees, and The Arc. By doing so, Lids Foundation Inc contributes to enriching community life and promoting overall well-being.
Official website here: www.lidsfoundation.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 88%, Three-Star out of Four Star Rating.
Lids Foundation Inc has earned an overall score of 88%, reflecting strong performance in the Accountability & Finance category. The high rating is attributed entirely to its solid financial practices and governance structure, indicating a reliable operation. Notably, the charity has a fully independent board, which is a positive indicator of its commitment to ethical leadership.
The organization showed excellent results in several key areas, including a perfect score for its financial statements, absence of material diversion of assets, and transparency in posting significant documents online. With a program expense ratio of approximately 75%, a considerable majority of its funds are directed towards its mission-driven activities, enhancing its credibility among donors.
However, there are some limitations worth noting, particularly the absence of a whistleblower policy and document retention procedures, which received lower scores. While these areas could benefit from improvement, the overall performance indicates that Lids Foundation Inc is managing its resources effectively and maintaining a high level of accountability.
This AI summary has been generated from information found on Charity Navigator.
Is Lids Foundation Inc legitimate?
Lids Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Lids 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.
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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Official website here: www.lidsfoundation.org
What is the mission statement of Lids Foundation Inc?
The Lids Foundation's mission is to provide direct support to local communities and charitable organizations that serve them, enabling individuals of all ages to lead more active, healthy, and productive lives. By offering grants, the foundation contributes to various initiatives that aim to improve community well-being and vitality. For instance, in the past, the foundation has awarded grants to organizations such as the Boys and Girls Clubs of Metropolitan Baltimore, Sea of Trees, and The Arc. These organizations use the funds to carry out programs and initiatives that directly impact the lives of community members.
Official website here: www.lidsfoundation.org
Who is the CEO of Lids Foundation Inc?
Thomas Ripley is the President of Lids Foundation Inc.
Official website here: www.lidsfoundation.org
What is the revenue of Lids Foundation Inc?
Lids Foundation Inc's revenue in 2022 was $1,202,516.
Official website here: www.lidsfoundation.org
Who are the executives of Lids Foundation Inc and what are their salaries?
There 15 volunteers at Lids Foundation Inc.
Here are 4 key members and their salaries:
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Official website here: www.lidsfoundation.org
Where can I find the form 990 for Lids Foundation Inc?
Lids Foundation Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.lidsfoundation.org
Learn more at the official website: www.lidsfoundation.org
Mission Statement of Lids Foundation Inc
Lids Foundation Inc, a charitable organization, is committed to directly supporting local communities and the organizations that serve them. Its mission is to empower individuals of all ages, enabling them to live more active, healthy, and productive lives. The foundation achieves this by granting funds to various charitable organizations. By doing so, Lids Foundation Inc contributes to the well-being of its community members, promoting an overall improvement in their quality of life. Among the grantees that have benefited from its support are the Boys and Girls Clubs of Metropolitan Baltimore, Sea of Trees, and The Arc.
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Impact
July, 2024
Lids Foundation Inc's impact is notable in providing support directly to local communities and charitable organizations that serve them. This support enables community members of all ages to live more active, healthy, and productive lives. The foundation has awarded grants to various organizations, including the Boys and Girls Clubs of Metropolitan Baltimore, Sea of Trees, and The Arc, among others. Their work in Indianapolis and beyond reflects their commitment to improving the well-being and opportunities available to individuals within these communities.
This information is meant to be a general summary of Lids 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 2022.
- Gross Receipts: $1,311,712
Assets and Liabilities:
- Total Assets: $1,636,077
- Total Liabilities: $86,186
- Net Assets: $1,549,891
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Organization Details
Founding Year
2011
Phone
(317) 334-9428Principal Officer
Thomas Ripley
Main Address
7676 INTERACTIVE WAY, INDIANAPOLIS, IN, 460779845
Website
www.lidsfoundation.orgNTEE Category
Code: P60 - Human services
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