Overview
What is Lansing Promise?
Lansing Promise is a nonprofit organization situated in Lansing, Michigan, specifically at 1221 Reo Road. Their primary mission is to empower students residing within the Lansing School District by providing them with place-based scholarships and readiness initiatives. These initiatives aim to prepare students for higher education, enabling them to access college-level programs. With a dedicated workforce of three individuals, Lansing Promise works tirelessly to support the educational aspirations of its community's young people.
Official website here: www.lansingpromise.org
What are the reviews and ratings of this charity?
Rating from Charity Navigator: 92% (Four-Star out of Four Star rating)
Lansing Promise has received a strong 92% rating from Charity Navigator, reflecting its commitment to accountability and financial health. The rating indicates that the organization excels in several key financial metrics, including a solid program expense ratio of 83.32%, meaning a significant portion of its funds directly supports its programs. The organization also showcases effective financial management practices, such as a low liabilities to assets ratio of 7.53%, ensuring sustainability and operational efficiency.
The nonprofit's governance is noteworthy, with a fully independent board comprising 22 members, which is crucial for maintaining transparency and avoiding conflicts of interest. However, there are areas for improvement, particularly concerning its whistleblower and document retention policies, which are currently missing. Addressing these limitations would enhance the organization's overall accountability framework.
Overall, Lansing Promise is recognized for its responsible financial practices and organizational integrity, making it a reliable option for donors looking to support impactful community initiatives. While it has a strong foundation, focusing on governance policies could further strengthen its operational transparency.
This AI summary has been generated from information found on Charity Navigator.
Is Lansing Promise legitimate?
Lansing Promise is a legitimate nonprofit organization registered as a 501(c)(3) entity. Lansing Promise 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: $140,232
Professional Fundraising Fees: $0
Other Salaries and Wages: $44,990
For more financial information, click here
Official website here: www.lansingpromise.org
What is the mission statement of Lansing Promise?
The mission of Lansing Promise is centered around aiding students in their pursuit of higher education. This organization achieves this by offering both readiness programs and scholarships. Their primary goal is to provide students residing in the Lansing School District with the necessary resources and support to gain admission to higher educational institutions and engage in college preparatory courses. By offering these initiatives, Lansing Promise aims to empower students and broaden their educational opportunities.
Official website here: www.lansingpromise.org
Who is the CEO of Lansing Promise?
Jon Lundy is the Treasurer of Lansing Promise. The CEO's salary of Lansing Promise is $110,068 and their total compensation is $135,996.
Official website here: www.lansingpromise.org
What is the revenue of Lansing Promise?
Lansing Promise's revenue in 2023 was $2,257,586.
Official website here: www.lansingpromise.org
Who are the executives of Lansing Promise and what are their salaries?
The average compensation at Lansing Promise during 2023 was $61,741. There are 3 employees and 47 volunteers at Lansing Promise.
Here are 23 key members and their salaries (Lansing Promise's CEO's salary is $110,068 and their total compensation is $135,996):
- Compensation: $110,068
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- Other: $25,928
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Official website here: www.lansingpromise.org
Where can I find the form 990 for Lansing Promise?
Lansing Promise's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.lansingpromise.org
Learn more at the official website: www.lansingpromise.org
Mission Statement of Lansing Promise
Lansing Promise, as a nonprofit organization, is dedicated to assisting students in gaining access to higher education. It achieves this mission through a two-pronged approach: readiness initiatives and scholarships. The readiness programs are designed to prepare students from the Lansing School District for college, ensuring they have the necessary skills and knowledge to succeed in their academic pursuits. The scholarships, on the other hand, provide financial support for these students, making higher education more affordable and attainable. By combining readiness initiatives and scholarships, Lansing Promise helps bridge the gap between secondary and post-secondary education, ultimately aiding students in their journey towards a college education.
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Impact
July, 2024
Lansing Promise's impact can be seen in the increased access to higher education for students in the Lansing School District. By providing place-based scholarships and readiness initiatives, Lansing Promise is helping students prepare for and afford college. This support ultimately contributes to the academic and career success of these students, helping to build a stronger and more educated community in Lansing.
This information is meant to be a general summary of Lansing Promise. 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: $17,882
- Gross Receipts: $2,271,577
Assets and Liabilities:
- Total Assets: $2,354,248
- Total Liabilities: $177,345
- Net Assets: $2,176,903
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Organization Details
Founding Year
2011
Principal Officer
Jon Lundy
Main Address
1221 Reo Road, Lansing, MI, 48910
Website
www.lansingpromise.orgNTEE Category
Code: B82 - Education
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