Overview
What is Greater Lake City Alliance?
The Greater Lake City Alliance is a nonprofit organization located at 133-B East Main Street in Lake City, South Carolina (ZIP Code 29560). With a team of 11 dedicated individuals, they provide financial assistance to governmental entities, Section 501(c)(3) organizations, and other entities. Their mission extends beyond just financial support, as they also engage in community and economic development projects that further their purposes. Some of their initiatives include the Round-about Project, consulting services related to water and sewer in Lake City, and re-zoning of the city.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 85% (Three-Star out of Four Stars)
The Greater Lake City Alliance has achieved a solid Three-Star rating from Charity Navigator, reflecting an overall score of 85%. This rating is primarily based on the organization's strong performance in Accountability & Finance, where it showcases a robust commitment to responsible financial practices. The organization has a fully independent board, with 10 out of 10 members, and has established effective governance policies, such as conflict of interest and whistleblower policies.
One notable strength of the Greater Lake City Alliance is its high program expense ratio of 82.60%, indicating that a significant portion of its funding is directed towards its programs rather than administrative costs. Furthermore, the charity has an impressive working capital ratio of 16.05 years, suggesting strong financial health and sustainability. The absence of any material diversion of assets further demonstrates the organization’s integrity in handling its resources.
However, there are areas for improvement, particularly in fundraising efficiency, which has been rated lower with a score of $0.002. This could indicate challenges in generating funds relative to expenses incurred in fundraising activities. While the organization is performing well in various financial aspects, enhancing its fundraising strategies may help bolster its financial resilience in the future.
This AI summary has been generated from information found on Charity Navigator.
Is Greater Lake City Alliance legitimate?
Greater Lake City Alliance is a legitimate nonprofit organization registered as a 501(c)(3) entity. Greater Lake City Alliance 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: $166,400
Professional Fundraising Fees: $0
Other Salaries and Wages: $512,801
For more financial information, click here
What is the mission statement of Greater Lake City Alliance?
The Greater Lake City Alliance is dedicated to providing financial support to governmental entities, Section 501(c)(3) organizations, and other entities. In addition, they actively engage in community and economic development activities that align with these purposes. Through financial assistance, the Alliance helps bring various projects to fruition. Some of these projects include contributing to the round-about project, consulting services related to water and sewer in the city, and re-zoning efforts. By offering financial aid and getting involved in development initiatives, the Greater Lake City Alliance aims to enhance the overall well-being of the community.
Who is the CEO of Greater Lake City Alliance?
Robert M Tilton is the Director of Greater Lake City Alliance.
What is the revenue of Greater Lake City Alliance?
Greater Lake City Alliance's revenue in 2021 was $19,968,830.
Who are the executives of Greater Lake City Alliance and what are their salaries?
The average compensation at Greater Lake City Alliance during 2021 was $61,746. There are 11 employees and 7 volunteers at Greater Lake City Alliance.
Here are 8 key members and their salaries:
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- Compensation: $160,000
- Related: $0
- Other: $6,400
Where can I find the form 990 for Greater Lake City Alliance?
Greater Lake City Alliance's most recent form 990 was submitted in 2021 and can be accessed here.
Mission Statement of Greater Lake City Alliance
Greater Lake City Alliance, a key player in community development, is dedicated to providing financial assistance to governmental entities, Section 501(c)(3) organizations, and other entities. In addition to financial support, the Alliance engages directly in community and economic development activities that align with these purposes.
The Greater Lake City Alliance's mission is multifaceted. It begins with the provision of financial support to various projects aimed at enhancing the city. For instance, the Alliance contributes funds to the city for the implementation of projects such as the Round-About Project, which aims to improve transportation infrastructure. Furthermore, the Alliance provides consulting services related to water and sewer issues in Lake City, ensuring the city's essential services run smoothly. In addition, the Alliance plays a role in the re-zoning of Lake City, contributing to the city's overall growth and development.
The Alliance's involvement in the community goes beyond financial assistance. It actively engages in development activities that contribute to the betterment of the city and its residents. By providing financial support to governmental entities and other organizations, the Greater Lake City Alliance helps ensure the success of various projects that address the unique needs of the community. In doing so, it contributes to a vibrant and thriving city, improving the quality of life for its residents.
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Impact
October, 2024
Greater Lake City Alliance significantly enhances the community by providing essential financial support to various governmental entities and organizations dedicated to local development. This impact is realized through funding critical projects that aim to improve infrastructure and public services in Lake City. Notable initiatives include the roundabout project, which optimizes traffic flow and enhances road safety, as well as consulting services that address water and sewer management, ensuring a sustainable and efficient utility system. Additionally, their involvement in the re-zoning efforts fosters responsible urban development, paving the way for future growth and revitalization in the area. Overall, their efforts contribute to the community's economic development and enhancement of overall quality of life in Lake City, SC.
This information is meant to be a general summary of Greater Lake City Alliance. 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 2021.
- Investment Income: $49,695
- Program Service Revenue: $2,816,222
- Gross Receipts: $20,549,175
Assets and Liabilities:
- Total Assets: $96,049,976
- Total Liabilities: $23,601,005
- Net Assets: $72,448,971
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
INN
Revenue
$1,456,044
CROSSROADS ON MAIN
Revenue
$1,064,626
RV PARK INCOME
Revenue
$232,435
INTEREST-MISHOE
Revenue
$52,184
CONTINUUM
Revenue
$10,933
Organization Details
Founding Year
2015
Phone
(843) 374-0138Principal Officer
Robert M Tilton
Main Address
133-B EAST MAIN STREET, LAKE CITY, SC, 295602626
NTEE Category
Code: S20 - Community improvement
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