The Lorelton Foundation

Charity Navigator Rating: Needs Improvement

The Lorelton Foundation has received a Two-Star out of Four Star rating from Charity Navigator, indicating a need for improvement in its governance and financial accountability practices. With an overall score of 66%, the foundation has strong points, particularly its high program expense ratio of 86.06%, which suggests a significant proportion of its budget is allocated to its programs. It also demonstrates good practices with its conflict of interest and whistleblower policies, as well as the documentation of board meeting minutes.

However, the organization has notable weaknesses, particularly in its board independence. With 0% of board members being independent, it raises concerns about potential conflicts of interest and governance practices. Additionally, the foundation has a concerning liabilities to assets ratio of 103.63%, indicating financial strain, which impacts its overall financial health. The absence of its tax form on the website is another area noted for improvement, as transparency is crucial for donor trust and organizational accountability.

This AI summary has been generated from information found on Charity Navigator.

The Lorelton Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Lorelton 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: $163,723
Professional Fundraising Fees: $0
Other Salaries and Wages: $2,238,454

For more financial information, click here

Official website here: www.lorelton.com