Overview
What is Langley For Families - The Foundation Of Lfcu?
Langley For Families - The Foundation of Lfcu is a charitable organization based in Newport News, Virginia. Their primary mission is to positively impact families in their surrounding communities by providing financial assistance to local 501(c)(3) organizations. These organizations focus on various family-related issues, including food security programs, emergency shelter and housing solutions, youth development, and aid for survivors of domestic violence, sexual assault, and human trafficking. The foundation's contributions aim to make a significant difference in the lives of families within the Hampton Roads area.
Official website here: www.langleyforfamilies.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 73%, earning it a Two-Star out of Four Star rating. This rating indicates that while Langley For Families - The Foundation Of Lfcu demonstrates some commendable practices, there are significant areas of concern regarding its accountability and transparency.
The organization has a strong governance structure, with 100% independent board members and no material diversion of assets. Furthermore, it excels in its program expense ratio, with nearly all expenditures directed towards its mission-related activities. These strengths suggest a commitment to effectively utilizing resources for the benefit of the community it serves.
However, the foundation falls short in key areas of accountability. It lacks essential policies such as a whistleblower policy and a document retention and destruction policy, both of which are critical for maintaining transparency and trust. These limitations contribute to its Two-Star rating, highlighting the need for improvement in organizational governance practices.
This AI summary has been generated from information found on Charity Navigator.
Is Langley For Families - The Foundation Of Lfcu legitimate?
Langley For Families - The Foundation Of Lfcu is a legitimate nonprofit organization registered as a 501(c)(3) entity. Langley For Families - The Foundation Of Lfcu 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.langleyforfamilies.org
What is the mission statement of Langley For Families - The Foundation Of Lfcu?
Langley For Families - The Foundation of Lfcu's mission is centered around making a positive impact in the lives of families within various communities. They achieve this by donating to local organizations that focus on family-related issues within the Hampton Roads area. The foundation's contributions primarily support organizations that provide food security programs, emergency shelter and housing solutions, youth development and services, and assistance to survivors of domestic violence, sexual assault, and human trafficking. By funding these organizations, Langley For Families aims to improve the overall well-being and resilience of families in need.
Official website here: www.langleyforfamilies.org
Who is the CEO of Langley For Families - The Foundation Of Lfcu?
Fred Hagerman is the Chairman of Langley For Families - The Foundation Of Lfcu.
Official website here: www.langleyforfamilies.org
What is the revenue of Langley For Families - The Foundation Of Lfcu?
Langley For Families - The Foundation Of Lfcu's revenue in 2022 was $1,115,345.
Official website here: www.langleyforfamilies.org
Who are the executives of Langley For Families - The Foundation Of Lfcu and what are their salaries?
Here are 5 key members and their salaries:
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- Other: $0
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Official website here: www.langleyforfamilies.org
Where can I find the form 990 for Langley For Families - The Foundation Of Lfcu?
Langley For Families - The Foundation Of Lfcu's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.langleyforfamilies.org
Learn more at the official website: www.langleyforfamilies.org
Mission Statement of Langley For Families - The Foundation Of Lfcu
Langley For Families, a foundation dedicated to making a difference, focuses its mission on supporting families in various communities within the Hampton Roads area. Their primary objective is to contribute funds to local 501(C)(3) organizations that concentrate on family-related issues. These organizations work tirelessly to provide essential services such as food security programs, emergency shelter and housing solutions, youth development and services, and assistance to survivors of domestic violence, sexual assault, and human trafficking. By donating to these organizations, Langley For Families aims to positively impact the lives of families in need, thereby contributing to the overall well-being of the communities they serve.
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Impact
July, 2024
Langley For Families - The Foundation Of Lfcu's impact is significant in the Hampton Roads area. The Foundation's mission is to make a difference in the lives of families by donating to local organizations focusing on family issues. It has contributed funds to assist local 501(c)(3) housing and human service organizations that provide food security programs, emergency shelter and housing solutions, youth development services, and assistance to survivors of domestic violence, sexual assault, and human trafficking. Its philanthropic efforts have positively impacted the community by supporting vital services for families in need.
This information is meant to be a general summary of Langley For Families - The Foundation Of Lfcu. 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: $25
- Gross Receipts: $1,492,015
Assets and Liabilities:
- Total Assets: $90,305
- Total Liabilities: $0
- Net Assets: $90,305
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Organization Details
Founding Year
2014
Phone
(757) 643-8741Principal Officer
Fred Hagerman
Main Address
PO BOX 120128, NEWPORT NEWS, VA, 23612
Website
www.langleyforfamilies.orgNTEE Category
Code: T30 - Philanthropy
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