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Lucille M Findley Memorial Foundation

Learn about this cause: What are the reviews? Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 453060450 ✦ Springfield, IL ✦ Designated as a 501(c)(3)

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Overview

What is Lucille M Findley Memorial Foundation?

The Lucille M Findley Memorial Foundation, located in Springfield, Illinois at 1760 Chatham Road, is a nonprofit organization dedicated to supporting the educational aspirations of local youth. Through their scholarship program, they provide financial assistance to students residing in the Jacksonville area, as well as those attending Illinois College and Lincoln Land Community College. The foundation's mission is to empower young individuals by alleviating some of the financial burdens associated with higher education, thereby fostering their personal growth and development.

What are the reviews and ratings of this charity?

Charity Navigator Rating: 80%, Three-Star out of Four Star rating. This rating indicates that the Lucille M Findley Memorial Foundation has demonstrated a moderate level of financial health and accountability. The score is derived solely from their exceptional performance in the Accountability & Finance beacon, showcasing a strong commitment to responsible management of resources.

The foundation has achieved perfect scores in several key areas, including having a fully independent board and no material diversion of assets. Their program expense ratio is particularly impressive at 94.22%, suggesting that the majority of their funds are directed towards their programs rather than overhead costs. Additionally, they have a clear conflict of interest policy and consistently document board meeting minutes, which further strengthens their governance practices.

However, it's important to note that while the foundation has strengths in accountability and finance, the overall rating is limited by the absence of other beacons in the evaluation process. This focus may not provide a comprehensive view of their operations or impact. Prospective donors or supporters might want to consider reaching out for more information about their programs and initiatives.


This AI summary has been generated from information found on Charity Navigator.

Is Lucille M Findley Memorial Foundation legitimate?

Lucille M Findley Memorial Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Lucille M Findley Memorial 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: $0

For more financial information, click here

What is the mission statement of Lucille M Findley Memorial Foundation?

The Lucille M Findley Memorial Foundation is committed to providing scholarships for youth and students residing in the Jacksonville, IL area. This scholarship program extends to students attending Illinois College and Lincoln Land Community College. The foundation's mission is to empower these individuals with financial aid, fostering their educational growth and prospects.

Who is the CEO of Lucille M Findley Memorial Foundation?

Elizabeth Findley is the President of Lucille M Findley Memorial Foundation.

What is the revenue of Lucille M Findley Memorial Foundation?

Lucille M Findley Memorial Foundation's revenue in 2022 was $5,239.

Who are the executives of Lucille M Findley Memorial Foundation and what are their salaries?

There 3 volunteers at Lucille M Findley Memorial Foundation.


Here are 3 key members and their salaries:


Elizabeth Findley (President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Craig Findley (Vice President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Karyl Findley (Sec/Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Where can I find the form 990 for Lucille M Findley Memorial Foundation?

Lucille M Findley Memorial Foundation's most recent form 990 was submitted in 2022 and can be accessed here.

Mission Statement of Lucille M Findley Memorial Foundation

The Lucille M Findley Memorial Foundation is dedicated to providing scholarships for youth and students residing in the Jacksonville area. This nonprofit organization extends its support to students pursuing their education at Illinois College and Lincoln Land Community College. By offering scholarships, the Lucille M Findley Memorial Foundation is making higher education more accessible and affordable for local youth, thus fostering their academic growth and personal development. This scholarship program serves as a beacon of hope for deserving students, enabling them to overcome financial barriers and unlock their full potential.

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Impact




August, 2024

The Lucille M Findley Memorial Foundation has had a significant impact on the Jacksonville, IL area by providing scholarships to local youth and students at Illinois College and Lincoln Land Community College. Through its scholarship program, known as Jacksonville Promise, the foundation has supported numerous individuals in pursuing their education and achieving their academic goals. This initiative has not only helped alleviate financial burdens for students but has also contributed to the overall educational advancement of the community. By investing in the education of Jacksonville youth, the foundation is empowering the next generation and fostering a brighter future for the area.




This information is meant to be a general summary of Lucille M Findley Memorial 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.

Revenue
$5,239 (2022)
Expenses
$21,194 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $5,124
  • Gross Receipts: $5,239

Assets and Liabilities:

  • Total Assets: $232,942
  • Total Liabilities: $0
  • Net Assets: $232,942

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Organization Details

Founding Year

2011

Principal Officer

Elizabeth Findley

Main Address

1760 CHATHAM RD, SPRINGFIELD, IL, 62704

NTEE Category

Code: B82 - Education

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