Overview
What is Lakeville Public Safety Foundation?
The Lakeville Public Safety Foundation is a nonprofit organization based in Lakeville, Minnesota. Their primary mission is to bolster the capabilities of both the Lakeville Police Department and Fire Department. They achieve this by offering financial assistance for community-focused public safety initiatives, events, and necessary yet non-essential operational tools. Additionally, they contribute cash and in-kind resources such as equipment and training tuition to these departments. The Foundation's purpose is to enhance public safety within the Lakeville community.
Official website here: www.lpsfmn.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 73%, Two-Star out of Four Star Rating
The Lakeville Public Safety Foundation has received a Two-Star rating from Charity Navigator, indicating a mixed performance in terms of accountability and finance. While the organization scores well in several categories, such as having a majority of independent board members and a strong program expense ratio, it faces challenges due to the absence of essential policies and documentation. Notably, the foundation is lacking a conflict of interest policy, whistleblower policy, and proper records of board meeting minutes, which are critical for transparency and governance.
One of the strengths of the foundation is its impressive program expense ratio of 89.35%, suggesting that a significant portion of its funds is directed towards its mission-related activities. Additionally, the organization has a perfect score for its liabilities to assets ratio at 0.00%, which indicates solid financial health and low risk of insolvency. These factors point toward a commitment to effective service delivery within the community.
However, the lack of key governance policies and documentation raises concerns about oversight and accountability. The foundation's failure to post its tax forms on its website and maintain board meeting records reflects a need for improvement in transparency practices. Overall, while the Lakeville Public Safety Foundation shows promise in financial management, addressing its governance shortcomings will be essential for enhancing its credibility and effectiveness.
This AI summary has been generated from information found on Charity Navigator.
Is Lakeville Public Safety Foundation legitimate?
Lakeville Public Safety Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Lakeville Public Safety Foundation 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.
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Official website here: www.lpsfmn.org
What is the mission statement of Lakeville Public Safety Foundation?
The mission of the Lakeville Public Safety Foundation is centered around promoting public safety. They achieve this by offering financial aid for community-based programs, events, processes, and non-essential operational tools. Specifically, they provide cash and in-kind contributions such as supplies, equipment, and funding for training tuition for the local Police Department. The foundation's objective is to enhance the capabilities of these departments, thereby ensuring a safer community. Their activities aim to strengthen the local law enforcement and firefighting services, thereby improving the overall public safety in the community.
Official website here: www.lpsfmn.org
What is the revenue of Lakeville Public Safety Foundation?
Lakeville Public Safety Foundation's revenue in 2024 was $97,330.
Official website here: www.lpsfmn.org
Who are the executives of Lakeville Public Safety Foundation and what are their salaries?
Here are 8 key members and their salaries:
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Official website here: www.lpsfmn.org
Where can I find the form 990 for Lakeville Public Safety Foundation?
Lakeville Public Safety Foundation's most recent form 990 was submitted in 2024 and can be accessed here.
Official website here: www.lpsfmn.org
Learn more at the official website: www.lpsfmn.org
Mission Statement of Lakeville Public Safety Foundation
Lakeville Public Safety Foundation, a nonprofit organization, is dedicated to promoting public safety in a unique way. It achieves this by enhancing the capabilities of both the Lakeville Police Department and the Lakeville Fire Department. The foundation accomplishes this by providing financial assistance for community-based public safety programs, events, processes, and nonessential operational tools. Through cash and in-kind contributions, such as supplies, equipment, and training tuition, the foundation empowers these departments to serve their community more effectively. By supporting these crucial services, Lakeville Public Safety Foundation plays a vital role in ensuring the safety and well-being of the community.
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Impact
October, 2024
The Lakeville Public Safety Foundation significantly enhances public safety in Lakeville by bolstering the capabilities of the Lakeville Police Department and Lakeville Fire Department. Through financial assistance, the foundation supports community-based public safety programs and events, ensuring that essential resources are available.
By providing cash and in-kind contributions such as supplies, equipment, and training tuition for department personnel, the foundation plays a critical role in enabling these departments to operate effectively and respond to community needs. Its efforts not only equip local safety personnel with the necessary tools and training but also promote public engagement and awareness of safety initiatives within the community, fostering a safer environment for all residents.
This information is meant to be a general summary of Lakeville Public Safety Foundation. 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 2024.
- Gross Receipts: $198,902
Assets and Liabilities:
- Total Assets: $73,647
- Total Liabilities: $0
- Net Assets: $73,647
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Organization Details
Founding Year
2014
Principal Officer
Shanen Corlett
Website
www.lpsfmn.orgNTEE Category
Code: M12 - Public safety
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