Overview
What is The Lilabean Foundation Inc?
The Lilabean Foundation Inc, based in Silver Spring, Maryland, is a compassionate nonprofit organization with a mission to support research aimed at combating pediatric brain cancer. Established with the goal of saving the lives of the approximately 4,000 children diagnosed annually with this condition, the foundation employs a team of three dedicated individuals. By funding vital research, the Lilabean Foundation plays a significant role in the ongoing quest to improve diagnostic methods and treatment options for children battling this life-threatening disease.
Official website here: www.lilabeanfoundation.com
What are the reviews and ratings of this charity?
Charity Navigator Rating: 96%, Four-Star out of Four Stars
The Lilabean Foundation Inc has achieved a commendable score of 96%, reflecting its strong commitment to accountability and financial integrity. This high rating, designated as a Four-Star rating, underscores the organization's effective management practices and transparency. The rating is solely based on the Accountability & Finance beacon, indicating a robust performance in these key areas.
One notable strength of the foundation is its governance structure, which boasts a majority of independent board members (92%), ensuring that decisions are made without conflicts of interest. The organization has implemented comprehensive policies including conflict of interest, whistleblower protection, and document retention, all of which contribute to its high scores across various governance metrics. Additionally, financial oversight is strong, with an Audit and Oversight Committee that effectively monitors financial statements.
While the foundation demonstrates excellent program expense ratios, with 78.86% of its expenses going directly to programs, it also maintains a healthy assets-to-liabilities ratio of 33.22%. This balance suggests a solid financial footing, allowing for sustainable operations in the future. Overall, The Lilabean Foundation Inc is positioned as a responsible and well-managed nonprofit organization, contributing positively to its mission.
This AI summary has been generated from information found on Charity Navigator.
Is The Lilabean Foundation Inc legitimate?
The Lilabean Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Lilabean 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: $80,000
Professional Fundraising Fees: $0
Other Salaries and Wages: $76,875
For more financial information, click here
Official website here: www.lilabeanfoundation.com
What is the mission statement of The Lilabean Foundation Inc?
The Lilabean Foundation Inc, established with a noble purpose, is dedicated to making a significant impact on the lives of children diagnosed with pediatric brain cancer. With approximately 4,000 children diagnosed annually, the organization aims to contribute to saving these lives. To achieve this, The Lilabean Foundation provides financial support for research focused on pediatric brain cancer, aiming to uncover new treatments and potential cures. By funding research, the foundation contributes to the broader medical community's collective efforts to improve the prognosis and quality of life for children battling this debilitating disease.
Official website here: www.lilabeanfoundation.com
Who is the CEO of The Lilabean Foundation Inc?
Nicole Giroux is the Executive Director of The Lilabean Foundation Inc.
Official website here: www.lilabeanfoundation.com
What is the revenue of The Lilabean Foundation Inc?
The Lilabean Foundation Inc's revenue in 2022 was $1,031,219.
Official website here: www.lilabeanfoundation.com
Who are the executives of The Lilabean Foundation Inc and what are their salaries?
The average compensation at The Lilabean Foundation Inc during 2022 was $52,292. There are 3 employees and 15 volunteers at The Lilabean Foundation Inc.
Here are 13 key members and their salaries:
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Official website here: www.lilabeanfoundation.com
Where can I find the form 990 for The Lilabean Foundation Inc?
The Lilabean Foundation Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.lilabeanfoundation.com
Learn more at the official website: www.lilabeanfoundation.com
Mission Statement of The Lilabean Foundation Inc
The Lilabean Foundation, established with a noble purpose, is dedicated to making a significant impact in the lives of children diagnosed with pediatric brain cancer. With an alarming 4,000 children diagnosed annually, this organization has set its sights on saving lives. Its mission is centered around providing financial support for extensive research into this life-threatening condition, aiming to uncover breakthroughs and improve treatment outcomes for affected children.
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Impact
July, 2024
The Lilabean Foundation Inc is dedicated to funding research for pediatric brain cancer, ultimately aiming to save the lives of the 4,000 children who are diagnosed with this devastating disease each year. Through its grants and support, the organization is making a tangible impact in the field of medical research, driving progress towards treatments and cures for pediatric brain cancer.
This information is meant to be a general summary of The Lilabean 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.
- Investment Income: $268
- Gross Receipts: $1,196,756
Assets and Liabilities:
- Total Assets: $433,376
- Total Liabilities: $13,366
- Net Assets: $420,010
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Organization Details
Founding Year
2012
Principal Officer
Nicole Giroux
Main Address
105 Rockdale Dr, Silver Spring, MD, 20901
Website
www.lilabeanfoundation.comNTEE Category
Code: H12 - Medical research
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