Overview
What is The Mile High Five Foundation C/O Lyle Wallace?
The Mile High Five Foundation C/O Lyle Wallace is a nonprofit organization situated in Denver, Colorado, specifically at 633 17th Street 3000. Their primary mission is to enhance the lives of at-risk youth in the state by financially backing various non-profit entities that specialize in children's health, mental health, and educational services. Their activities and purpose revolve around supporting these organizations, aiming to contribute positively to the well-being of Colorado's vulnerable youth population.
Official website here: www.milehigh5foundation.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 73%, Two-Star out of Four Star rating. This rating indicates that The Mile High Five Foundation has some strengths in accountability and finance, but there are areas that need improvement. The overall score is based solely on the Accountability & Finance beacon, highlighting the foundation's transparency in various governance practices.
A notable strength of the organization is its composition of an independent board, scoring a perfect 10 out of 10. All board members are independent, and there are no material diversions of assets, which reinforces the foundation's commitment to ethical management. Additionally, their website is appropriately listed on tax forms, and they have a conflict of interest policy in place.
However, the foundation has some limitations, particularly in governance policies, as it lacks a whistleblower policy and a document retention and destruction policy, both of which are crucial for organizational integrity. Although their program expense ratio is relatively high at 62.11%, the score of 15 out of 25 reflects that there could be more focus on programmatic spending relative to other expenses. Overall, while the foundation demonstrates a commitment to accountability, it has significant improvements to make in its governance policies.
This AI summary has been generated from information found on Charity Navigator.
Is The Mile High Five Foundation C/O Lyle Wallace legitimate?
The Mile High Five Foundation C/O Lyle Wallace is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Mile High Five Foundation C/O Lyle Wallace 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:
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Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.milehigh5foundation.org
What is the mission statement of The Mile High Five Foundation C/O Lyle Wallace?
The Mile High Five Foundation aims to enhance the lives of at-risk youth by backing non-profit organizations that offer services in the crucial areas of children's health, mental health, and education. Their mission is to provide support to these organizations, ultimately aiming to make a positive impact on the well-being of vulnerable youth. By funding these organizations, they contribute to improved health, mental health, and educational opportunities for at-risk youth, thereby fostering their overall development and growth.
Official website here: www.milehigh5foundation.org
What is the revenue of The Mile High Five Foundation C/O Lyle Wallace?
The Mile High Five Foundation C/O Lyle Wallace's revenue in 2023 was $90,770.
Official website here: www.milehigh5foundation.org
Who are the executives of The Mile High Five Foundation C/O Lyle Wallace and what are their salaries?
There 10 volunteers at The Mile High Five Foundation C/O Lyle Wallace.
Here are 7 key members and their salaries:
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Official website here: www.milehigh5foundation.org
Where can I find the form 990 for The Mile High Five Foundation C/O Lyle Wallace?
The Mile High Five Foundation C/O Lyle Wallace's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.milehigh5foundation.org
Learn more at the official website: www.milehigh5foundation.org
Mission Statement of The Mile High Five Foundation C/O Lyle Wallace
The Mile High Five Foundation, led by Lyle Wallace, is committed to enhancing the lives of at-risk youth in Colorado. Its mission is centered around supporting non-profit organizations that offer services in three critical areas: children's health, mental health, and education. By providing financial and other forms of assistance to these organizations, The Mile High Five Foundation aims to make a significant impact on the well-being of vulnerable youth in Colorado, ultimately improving their overall quality of life. The foundation's work in these areas underscores its dedication to uplifting the future generation and ensuring they have the necessary resources to overcome challenges and thrive.
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Impact
October, 2024
The Mile High Five Foundation C/O Lyle Wallace makes a significant impact by enhancing the lives of at-risk youth in Colorado. By supporting organizations dedicated to children's health, mental health, and education, it addresses critical needs among vulnerable populations. Through its efforts, the foundation fosters a positive environment for youth, empowering them with the resources and services necessary for their well-being and development. By focusing on education and related services, it helps to break cycles of poverty and disadvantage, creating pathways for brighter futures. Its initiatives not only provide immediate support but also contribute to the long-term resilience and success of the community’s youth.
This information is meant to be a general summary of The Mile High Five Foundation C/O Lyle Wallace. 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.
- Gross Receipts: $373,613
Assets and Liabilities:
- Total Assets: $153,553
- Total Liabilities: $0
- Net Assets: $153,553
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Organization Details
Founding Year
2013
Principal Officer
Patrick Seese
Website
www.milehigh5foundation.orgNTEE Category
Code: B12 - Education
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