Overview
What is Calvary Lutheran Foundation Inc?
Calvary Lutheran Foundation Inc is a nonprofit organization situated in Lincoln, Nebraska. Their primary mission is to offer support to Calvary Lutheran Church and various local Christian ministries within the area. This backing extends to the annual Lutheran fundraiser gala held by the church. The foundation's activities primarily aim to bolster the community and its religious institutions, ensuring their continued success and impact.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 30%, Zero-Star out of Four Star rating.
Calvary Lutheran Foundation Inc has received a low rating of 30% from Charity Navigator, indicating significant concerns regarding its accountability and financial practices. The overall score is solely based on the Accountability & Finance category, where the foundation scored poorly due to several missing policies and documentation, such as a conflict of interest policy and a whistleblower policy.
The organization does have strengths, including a fully independent board with seven members and no material diversion of assets, which reflects a degree of governance integrity. However, the absence of core operational policies and missing documentation significantly detracts from its overall effectiveness and transparency, leading to a zero-star rating.
Stakeholders should be aware that the foundation's program expense ratio is also notably low at 23.22%, which raises further questions about how funds are being allocated towards program-related activities. The overall lack of transparency indicated by missing documents and policies may limit trust and confidence in the organization's operations.
This AI summary has been generated from information found on Charity Navigator.
Is Calvary Lutheran Foundation Inc legitimate?
Calvary Lutheran Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Calvary Lutheran 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
What is the mission statement of Calvary Lutheran Foundation Inc?
The Calvary Lutheran Foundation Inc is dedicated to providing support for various Christian ministries, with a particular focus on Calvary Lutheran Church in Lincoln, Nebraska. Its mission is centered around offering assistance to these religious organizations, ensuring they have the necessary resources to carry out their religious and community service activities. In addition, the foundation supports Lutheran Family Services and participates in the Lincoln Lutheran Fundraiser Gala. By providing this support, the Calvary Lutheran Foundation Inc contributes to the overall growth and sustainability of these Christian organizations.
Who is the CEO of Calvary Lutheran Foundation Inc?
Jeff Smith is the Director- As of Calvary Lutheran Foundation Inc.
What is the revenue of Calvary Lutheran Foundation Inc?
Calvary Lutheran Foundation Inc's revenue in 2022 was -$699.
Who are the executives of Calvary Lutheran Foundation Inc and what are their salaries?
Here are 8 key members and their salaries:
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Where can I find the form 990 for Calvary Lutheran Foundation Inc?
Calvary Lutheran Foundation Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Calvary Lutheran Foundation Inc
Calvary Lutheran Foundation Inc is committed to providing support for Calvary Lutheran Church in Lincoln, NE, as well as local Christian ministries. Their mission is centered around strengthening these religious institutions and promoting Christianity-based initiatives within their community. In addition to supporting Calvary Lutheran Church, Calvary Lutheran Foundation Inc also extends its aid to Lutheran Family Services, demonstrating a broad scope of support for various Christian organizations. Furthermore, the foundation is also involved in organizing a Lutheran fundraiser gala, showcasing their dedication to raising funds for these causes and fostering a sense of community within their network.
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Impact
October, 2024
Calvary Lutheran Foundation Inc plays a vital role in bolstering the Calvary Lutheran Church in Lincoln, NE, and supporting various local Christian ministries. By providing essential resources and funding, it enhances the church's outreach and community engagement initiatives.
The Foundation actively supports Lutheran Family Services, contributing to programs that assist families and individuals in need. Additionally, it plays a significant part in organizing the Lincoln Lutheran Fundraiser Gala, which helps raise funds for local church and community projects. Through its efforts, Calvary Lutheran Foundation Inc fosters spiritual growth, community support, and the overall well-being of those served by these ministries. Its impact is felt not only within the church but throughout the broader Lincoln area, promoting a spirit of service and compassion in alignment with Christian values.
This information is meant to be a general summary of Calvary Lutheran 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: $3,275
- Gross Receipts: $47,290
Assets and Liabilities:
- Total Assets: $512,283
- Total Liabilities: $0
- Net Assets: $512,283
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Organization Details
Founding Year
1981
Phone
(402) 580-6847Principal Officer
Jeff Smith
Main Address
2788 FRANKLIN STREET, LINCOLN, NE, 68502
NTEE Category
Code: X20 - Religion related
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