Overview
What is Clover Foundation Inc Formerly Kingsley House Foundation Inc?
Clover Foundation Inc, formerly known as Kingsley House Foundation Inc, is a charitable organization based in New Orleans, Louisiana. Located at 1600 Constance Street, the foundation serves as the supporting body for Clover NOLA, Inc., a Louisiana nonprofit corporation. Its primary function is to foster future growth and innovation within Clover NOLA, as well as provide financial security in the face of unforeseen circumstances. The foundation is dedicated to charitable and educational pursuits, working to further its parent organization's goals and mission.
Official website here: www.clovernola.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 1-Star out of Four Stars (57%)
The Clover Foundation Inc, formerly known as Kingsley House Foundation Inc, has received a One-Star rating from Charity Navigator, indicating significant concerns regarding its financial accountability and transparency. The overall score is heavily influenced by its Accountability & Finance category, where it scored only 57%. While the organization has a fully independent board and none of its assets are diverted, it struggles notably with its program expense ratio, spending only 3.06% of its budget on programs.
Strengths of the organization include its robust governance structure, with a majority of independent board members and comprehensive policies such as conflict of interest and whistleblower policies. These demonstrate a commitment to ethical practices and accountability. However, the absence of the nonprofit's tax forms on its website and a high liabilities-to-assets ratio of 41.08% raise red flags regarding transparency and financial health.
Overall, while the Clover Foundation shows strengths in governance, the low program expense ratio and other financial concerns suggest it may not be effectively utilizing its resources to benefit its mission. Stakeholders should consider these factors when evaluating the organization’s impact and effectiveness.
This AI summary has been generated from information found on Charity Navigator.
What do the Facebook reviews say about Clover Foundation Inc Formerly Kingsley House Foundation Inc?
92% of 36 reviewers on Facebook recommend Clover Foundation Inc, formerly Kingsley House Foundation Inc. Here is a summary of their reviews:
Many individuals express fond memories and a strong connection to the organization, reminiscing about their positive experiences from as far back as the 1950s and 60s. The heartfelt nostalgia suggests that the foundation has had a meaningful impact on the lives of its visitors, especially in relation to the activities and community engagement it provided.
Overall, the sentiment is warm and appreciative, highlighting the importance of the nonprofit in creating lasting community bonds and memories. While feedback mostly revolves around personal experiences, it showcases a sense of gratitude and support for the organization's ongoing mission.
This AI summary has been generated from reviews found on Facebook.
Is Clover Foundation Inc Formerly Kingsley House Foundation Inc legitimate?
Clover Foundation Inc Formerly Kingsley House Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Clover Foundation Inc Formerly Kingsley House 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.clovernola.org
What is the mission statement of Clover Foundation Inc Formerly Kingsley House Foundation Inc?
The Clover Foundation Inc, formerly known as Kingsley House Foundation Inc, serves as a supporting organization to Clover NOLA, a Louisiana non-profit corporation. Operating solely for charitable and educational purposes, its mission is to bolster the future programmatic growth of Clover NOLA and encourage innovation. Additionally, the foundation provides a safety net for unforeseen events, ensuring the continuity of its operations.
Official website here: www.clovernola.org
Who is the CEO of Clover Foundation Inc Formerly Kingsley House Foundation Inc?
Keith Liederman is the President of Clover Foundation Inc Formerly Kingsley House Foundation Inc. The CEO's salary of Clover Foundation Inc Formerly Kingsley House Foundation Inc is $0 and their total compensation is $221,862.
Official website here: www.clovernola.org
What is the revenue of Clover Foundation Inc Formerly Kingsley House Foundation Inc?
Clover Foundation Inc Formerly Kingsley House Foundation Inc's revenue in 2022 was -$308,907.
Official website here: www.clovernola.org
Who are the executives of Clover Foundation Inc Formerly Kingsley House Foundation Inc and what are their salaries?
There 10 volunteers at Clover Foundation Inc Formerly Kingsley House Foundation Inc.
Here are 11 key members and their salaries (Clover Foundation Inc Formerly Kingsley House Foundation Inc's CEO's salary is $0 and their total compensation is $221,862):
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- Other: $0
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- Other: $0
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- Other: $0
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- Other: $0
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- Other: $0
- Compensation: $0
- Related: $207,730
- Other: $14,132
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- Other: $0
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- Other: $0
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- Other: $0
- Compensation: $0
- Related: $119,680
- Other: $9,826
Official website here: www.clovernola.org
Where can I find the form 990 for Clover Foundation Inc Formerly Kingsley House Foundation Inc?
Clover Foundation Inc Formerly Kingsley House Foundation Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.clovernola.org
Learn more at the official website: www.clovernola.org
Mission Statement of Clover Foundation Inc Formerly Kingsley House Foundation Inc
Clover Foundation Inc, formerly known as Kingsley House Foundation Inc, serves as a supporting organization for Clover NOLA, Inc., a Louisiana non-profit corporation. The foundation is dedicated to charitable and educational purposes, operating with the objective of supporting the future programmatic growth and encouraging innovation within Clover NOLA. Furthermore, the Clover Foundation provides security for unforeseen events, acting as a safety net for any unexpected circumstances that may arise. By fulfilling this role, Clover Foundation Inc contributes to the overall success and sustainability of Clover NOLA, Inc.
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Impact
October, 2024
Clover Foundation Inc, formerly known as Kingsley House Foundation Inc, plays a critical role in supporting Clover NOLA, Inc. by fostering programmatic growth and encouraging innovation in human services within the community. By focusing on charitable and educational purposes, the foundation enhances the capacity of Clover NOLA to address various community needs, ensuring a responsive approach to social challenges. Its efforts provide a safety net for unforeseen events, allowing for the continued delivery and expansion of essential services to the residents of New Orleans. Through these initiatives, Clover Foundation Inc contributes significantly to the overall well-being and resilience of the community it serves.
This information is meant to be a general summary of Clover Foundation Inc Formerly Kingsley House 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: -$412,081
- Gross Receipts: $168,499
Assets and Liabilities:
- Total Assets: $2,229,427
- Total Liabilities: $993,911
- Net Assets: $1,235,516
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Organization Details
Founding Year
2013
Phone
(504) 523-6221Principal Officer
Keith Liederman
Main Address
1600 CONSTANCE STREET, NEW ORLEANS, LA, 70130
Website
www.clovernola.orgNTEE Category
Code: P21 - Human services
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