Overview
What is Lynchburg Beacon Of Hope Inc?
Lynchburg Beacon of Hope Inc is a nonprofit organization situated in Lynchburg, Virginia. They operate by establishing Future Centers within both local high schools, providing resources and guidance to all students on financial aid and college admissions. These centers are supported, maintained, and funded by the Beacon of Hope. Their mission is to inspire all Lynchburg City Public School students to aspire towards post-secondary education and equip them with the necessary tools and resources to achieve this goal. They offer mentoring programs, guidance on local and federal financial aid, and assist students in utilizing all available resources. Scholarships are also offered as part of their application process. With a team of 10 dedicated individuals, Lynchburg Beacon of Hope Inc is committed to fostering educational opportunities for its community's youth.
Official website here: www.beaconofhopelynchburg.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 81% (Three-Star out of Four Stars)
Lynchburg Beacon Of Hope Inc has earned a Three-Star rating from Charity Navigator, reflecting a solid performance in accountability and finance. The charity's overall score is based entirely on its accountability measures, showcasing strong governance practices. With a score of 81% in this category, the organization demonstrates transparency and responsible financial practices.
The organization excels in several key areas, notably having a fully independent board of directors and no reported material diversion of assets. This indicates a commitment to ethical management and a low risk of financial mismanagement. Additionally, they have established comprehensive policies, including a conflict of interest policy and a whistleblower policy, which further supports their accountability framework.
While the rating reflects strong financial health, potential donors might look for more information on program effectiveness and impact assessments, as these are not captured in the accountability score alone. Overall, Lynchburg Beacon Of Hope Inc stands out for its governance and financial integrity, making it a trustworthy option for those looking to support its mission.
This AI summary has been generated from information found on Charity Navigator.
What do the Facebook reviews say about Lynchburg Beacon Of Hope Inc?
100% of the reviews for Lynchburg Beacon of Hope Inc. recommend this organization, reflecting a strong positive sentiment among users. The feedback highlights the nonprofit's effectiveness in providing young adults with valuable tools and connections that can significantly impact their future.
Reviewers appreciate the supportive network that Lynchburg Beacon of Hope offers, pointing out how it contributes to their successful start in life. This indicates that the nonprofit is fulfilling its mission and truly making a difference in the community by equipping individuals with essential resources.
Overall, the sentiments conveyed by users suggest that this nonprofit not only delivers on its promises but also leaves a lasting impression on those it serves. The emphasis on growth and development for young adults is a key highlight of their services.
This AI summary has been generated from reviews found on Facebook.
Is Lynchburg Beacon Of Hope Inc legitimate?
Lynchburg Beacon Of Hope Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Lynchburg Beacon Of Hope 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: $63,649
Professional Fundraising Fees: $0
Other Salaries and Wages: $493,871
For more financial information, click here
Official website here: www.beaconofhopelynchburg.org
What is the mission statement of Lynchburg Beacon Of Hope Inc?
Lynchburg Beacon of Hope Inc's mission is to inspire all students attending Lynchburg City Public Schools to aspire towards pursuing post-secondary education and equip them with the necessary tools and resources to achieve this goal. The organization operates Future Centers within both high schools, which are funded, maintained, and staffed by the Beacon of Hope. These centers provide resources on financial aid and college admissions, guide students on local and federal financial aid options, and offer mentoring programs to encourage students to apply for and make the most of available resources. Scholarships are also available as part of the application process.
Official website here: www.beaconofhopelynchburg.org
Who is the CEO of Lynchburg Beacon Of Hope Inc?
Laura Hamilton is the Director of Lynchburg Beacon Of Hope Inc.
Official website here: www.beaconofhopelynchburg.org
What is the revenue of Lynchburg Beacon Of Hope Inc?
Lynchburg Beacon Of Hope Inc's revenue in 2023 was $1,088,472.
Official website here: www.beaconofhopelynchburg.org
Who are the executives of Lynchburg Beacon Of Hope Inc and what are their salaries?
The average compensation at Lynchburg Beacon Of Hope Inc during 2023 was $55,752. There are 10 employees at Lynchburg Beacon Of Hope Inc.
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Official website here: www.beaconofhopelynchburg.org
Where can I find the form 990 for Lynchburg Beacon Of Hope Inc?
Lynchburg Beacon Of Hope Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.beaconofhopelynchburg.org
Learn more at the official website: www.beaconofhopelynchburg.org
Mission Statement of Lynchburg Beacon Of Hope Inc
Lynchburg Beacon of Hope Inc is an organization committed to encouraging all students in Lynchburg City Public Schools to aspire towards pursuing post-secondary education. Recognizing the importance of higher education in shaping future prospects, this nonprofit provides the necessary tools and resources for these students to achieve their academic goals. The heart of its mission is housed within Future Centers, established in both high schools, which are staffed, maintained, and funded by the Beacon of Hope.
These Future Centers serve as hubs of knowledge, offering resources on financial aid and college admissions to all students. They guide students through the process of understanding local and federal financial aid, ensuring they are aware of all available opportunities. Furthermore, the Beacon of Hope offers mentoring programs that diligently work to encourage students to apply for scholarships and leverage all available resources. These mentoring programs play a pivotal role in motivating students and helping them navigate the complexities of the college application process.
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Impact
July, 2024
Lynchburg Beacon Of Hope Inc's impact can be seen in the way it provides all Lynchburg City public school students with the tools and resources to attain a post-secondary education. Through their Future Centers housed in both LCS high schools, staffed, maintained, and funded by the Beacon of Hope, students have access to resources on financial aid and college admissions. They receive guidance on local and federal financial aid, participate in mentoring programs that encourage them to apply for all available resources, and opportunities for scholarships as part of the application process. This initiative actively works to instill in students the aspiration to pursue higher education and equips them with the necessary support to achieve this goal.
This information is meant to be a general summary of Lynchburg Beacon Of Hope 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.
- Investment Income: $57,902
- Gross Receipts: $1,213,719
Assets and Liabilities:
- Total Assets: $5,011,542
- Total Liabilities: $433,594
- Net Assets: $4,577,948
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Organization Details
Founding Year
2012
Phone
(434) 522-3700Principal Officer
Laura Hamilton
Main Address
PO BOX 1261, LYNCHBURG, VA, 24505
NTEE Category
Code: B12 - Education
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