Overview
What is Lakes Region Community Services Foundation?
Lakes Region Community Services Foundation is a nonprofit organization established with the purpose of raising funds through various initiatives. Situated in Laconia, New Hampshire, the foundation's primary mission is to manage and distribute these funds for the betterment of Lakes Region Community Services Council, Inc., as well as other charitable, scientific, or educational causes. By participating in fundraising activities, the foundation plays a crucial role in supporting various philanthropic endeavors within the community and beyond.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 94%, Four-Star out of Four Star Rating
Lakes Region Community Services Foundation has achieved a commendable Four-Star rating from Charity Navigator, reflecting a robust commitment to accountability and finance. The organization earned a perfect score in various metrics, including board independence, material diversion of assets, and the presence of key governance policies. With an impressive program expense ratio of 79.42%, the foundation demonstrates a strong focus on utilizing funds for its programming rather than administrative costs.
The foundation is characterized by its governance structure, featuring 83% independent board members and a small board size of five, ensuring effective oversight and decision-making. This high level of board independence contributes to the organization’s transparency and accountability, which are crucial for donor trust and engagement. Additionally, policies such as conflict of interest and whistleblower protections are in place, further strengthening the foundation's operational integrity.
Overall, the Lakes Region Community Services Foundation exhibits significant strengths in financial health and governance practices. However, potential donors may want to continue monitoring its performance and program impact over time to ensure that the foundation maintains its high standards and effectively meets its mission.
This AI summary has been generated from information found on Charity Navigator.
Is Lakes Region Community Services Foundation legitimate?
Lakes Region Community Services Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Lakes Region Community Services 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.
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 Lakes Region Community Services Foundation?
The Lakes Region Community Services Foundation's primary objective is to gather funds through various fundraising initiatives. These collected funds are then utilized for the benefit of Lakes Region Community Services Council, Inc., as well as other charitable, scientific, or educational causes. The foundation acts as a conduit, administering these funds to support various charitable purposes.
Who is the CEO of Lakes Region Community Services Foundation?
R Stuart Wallace is the President of Lakes Region Community Services Foundation.
What is the revenue of Lakes Region Community Services Foundation?
Lakes Region Community Services Foundation's revenue in 2022 was $39,872.
Who are the executives of Lakes Region Community Services Foundation and what are their salaries?
There 5 volunteers at Lakes Region Community Services Foundation.
Here are 6 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $168,185
- Other: $27,025
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Lakes Region Community Services Foundation?
Lakes Region Community Services Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Lakes Region Community Services Foundation
The Lakes Region Community Services Foundation is committed to soliciting and receiving funds through various fundraising initiatives. Its primary objective is to manage these funds for the benefit of Lakes Region Community Services Council, Inc., and other charitable, scientific, or educational purposes. In essence, the foundation serves as a conduit for resources that can be utilized to advance causes aligned with these sectors, ultimately contributing to the betterment of various communities.
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Impact
August, 2024
Lakes Region Community Services Foundation's impact can be seen in the support and enhancement it provides to Lakes Region Community Services Council, Inc. and other charitable, scientific, or educational purposes. Through fundraising efforts, the Foundation raises funds that directly benefit these organizations, enabling them to fulfill their missions and positively impact the community. By effectively administering these funds, the Foundation plays a crucial role in ensuring the sustainability and growth of these vital community services.
This information is meant to be a general summary of Lakes Region Community Services 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 2022.
- Investment Income: $6,838
- Gross Receipts: $39,872
Assets and Liabilities:
- Total Assets: $418,467
- Total Liabilities: $0
- Net Assets: $418,467
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Organization Details
Founding Year
2015
Phone
(603) 581-1588Principal Officer
R Stuart Wallace
Main Address
PO BOX 509 719 NORTH MAIN STREET, LACONIA, NH, 03246
NTEE Category
Code: T12 - Philanthropy
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