Overview
What is Lm Vintners Inc?
Lm Vintners Inc is a charitable nonprofit organization, classified under section 501(c)(3) of the Internal Revenue Code, based in Benton Harbor, Michigan. Its primary mission is to provide educational support to Lake Michigan College, which it achieves through the ownership and operation of a winery and viticulture business. This venture serves as a means to fund and advance the educational goals of the college, contributing to its ongoing development and success.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 80%, Three-Star out of Four Star rating. This rating signifies that Lm Vintners Inc meets a good standard of accountability and transparency, which is important for potential donors. The score is based solely on the Accountability & Finance beacon, suggesting that the organization is focusing primarily on these areas.
Lm Vintners Inc demonstrates strong governance practices, with an independent board comprising all members and a high score in the absence of conflicts of interest. The organization has effectively documented board meeting minutes and shows a low liabilities to assets ratio, indicating a solid financial position. Additionally, the program expense ratio is impressively high at 97.12%, demonstrating that the majority of its expenses are directed towards its programs rather than administrative costs.
However, while the financial metrics are robust, the single-beacon score means that other aspects of the organization's performance may not be fully assessed. Potential donors should consider the overall impact and effectiveness of Lm Vintners Inc in achieving its mission beyond just financial accountability.
This AI summary has been generated from information found on Charity Navigator.
Is Lm Vintners Inc legitimate?
Lm Vintners Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Lm Vintners 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
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What is the mission statement of Lm Vintners Inc?
Lm Vintners Inc, a non-profit organization functioning under Section 501(c)(3) of the Internal Revenue Code, is dedicated to advancing educational support for Lake Michigan College. They accomplish this objective by operating a winery and viticulture business. The revenue generated from these operations is utilized to contribute to the educational growth and development of Lake Michigan College.
Who is the CEO of Lm Vintners Inc?
Chuck Philip is the President of Lm Vintners Inc.
What is the revenue of Lm Vintners Inc?
Lm Vintners Inc's revenue in 2023 was $195,500.
Who are the executives of Lm Vintners Inc and what are their salaries?
There 3 volunteers at Lm Vintners Inc.
Here are 3 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Lm Vintners Inc?
Lm Vintners Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of Lm Vintners Inc
Lm Vintners Inc, as a non-profit organization operating under section 501(C)(3) of the Internal Revenue Code, is dedicated to advancing educational support for Lake Michigan College. They achieve this mission through the operation of a winery and viticulture business. This venture serves as a means to fund their charitable purpose, which is solely focused on enhancing the educational opportunities at Lake Michigan College. By successfully managing this winery and vineyard, Lm Vintners Inc is able to contribute significantly to the educational growth and development of this esteemed institution.
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Impact
October, 2024
Lm Vintners Inc plays a significant role in enhancing educational opportunities at Lake Michigan College by leveraging the operation of a winery and viticulture business. By integrating practical experiences in winemaking and vineyard management with academic programs, it fosters a unique learning environment for students. This hands-on approach not only enriches their education but also prepares them for careers in viticulture, hospitality, and agribusiness.
The winery serves as a living laboratory, providing students with real-world applications of their studies, while also contributing to the local economy and the region's agricultural landscape. Furthermore, the entity's commitment to charitable purposes ensures that the profits generated by the winery are reinvested into educational initiatives and resources at the college, thereby creating a sustainable cycle of support for higher education in the community. The impact of Lm Vintners Inc extends beyond the campus, promoting community engagement and appreciation for the viticulture industry in Benton Harbor and surrounding areas.
This information is meant to be a general summary of Lm Vintners 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 2023.
- Program Service Revenue: $76,500
- Gross Receipts: $195,500
Assets and Liabilities:
- Total Assets: $333,404
- Total Liabilities: $44,956
- Net Assets: $288,448
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
MSA SALARY
Revenue
$76,500
Organization Details
Founding Year
2014
Phone
(269) 927-8190Principal Officer
Chuck Philip
Main Address
2755 E NAPIER AVE, BENTON HARBOR, MI, 49022
NTEE Category
Code: B19 - Education
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