Overview
What is Milford Lions Club Service Foundation Inc?
Milford Lions Club Service Foundation Inc is a nonprofit organization situated in Milford, Delaware. Their primary mission is to advance and support community welfare through charitable assistance and relief. They strive to make a positive impact on their local area by providing aid to students, residents, and the community at large. The foundation's activities are centered around promoting community welfare, demonstrating their dedication to uplifting the lives of those within their jurisdiction.
What are the reviews and ratings of this charity?
Charity Navigator Rating: Needs Improvement, Two-Star out of Four Star rating (73%)
The Milford Lions Club Service Foundation Inc has received a two-star rating from Charity Navigator, indicating a need for improvement in its operational transparency and governance practices. The organization scored 73%, reflecting a generally positive approach to certain financial metrics, notably achieving an impressive program expense ratio of 80.94%, which suggests that a significant portion of its budget is dedicated to its charitable programs.
However, while the foundation boasts a fully independent board and has no material diversion of assets, it has several gaps in its accountability measures. Key policies such as conflict of interest, whistleblower, and document retention are all missing, leading to a lack of oversight that could improve governance. Furthermore, the foundation's website is not listed on its tax form, and essential documents, including the tax form itself, are not available on its website, which further diminishes its transparency.
Overall, while the Milford Lions Club Service Foundation demonstrates a commitment to its programs, addressing the noted deficiencies in governance and transparency could enhance stakeholder trust and improve its overall effectiveness as a nonprofit organization.
This AI summary has been generated from information found on Charity Navigator.
Is Milford Lions Club Service Foundation Inc legitimate?
Milford Lions Club Service Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Milford Lions Club Service Foundation 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.
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What is the mission statement of Milford Lions Club Service Foundation Inc?
The Milford Lions Club Service Foundation Inc's mission is centered around promoting and aiding community welfare. They achieve this objective by providing charitable assistance and relief. Their activities are primarily focused on offering aid to the community's students and residents. In essence, the foundation aims to enhance the well-being of the community through charitable acts.
What is the revenue of Milford Lions Club Service Foundation Inc?
Milford Lions Club Service Foundation Inc's revenue in 2024 was $165,218.
Who are the executives of Milford Lions Club Service Foundation Inc and what are their salaries?
There 57 volunteers at Milford Lions Club Service Foundation Inc.
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Where can I find the form 990 for Milford Lions Club Service Foundation Inc?
Milford Lions Club Service Foundation Inc's most recent form 990 was submitted in 2024 and can be accessed here.
Mission Statement of Milford Lions Club Service Foundation Inc
The Milford Lions Club Service Foundation Inc is dedicated to enhancing community welfare through charitable aid and relief. Their mission, as stated, is to actively engage in promoting and providing assistance to better the well-being of the community, its students, and its residents. This nonprofit organization is committed to offering charitable aid and relief, thereby contributing to the betterment of the community as a whole.
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Impact
August, 2024
Milford Lions Club Service Foundation Inc promotes and assists community welfare through charitable assistance and relief. Their impact is seen through their assistance to the community, its students, and its residents in Milford, Delaware. Their mission is to promote and assist community welfare through charitable assistance and relief, embodying the spirit of philanthropy.
This information is meant to be a general summary of Milford Lions Club Service Foundation 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 2024.
- Investment Income: $65,604
- Gross Receipts: $841,139
Assets and Liabilities:
- Total Assets: $2,414,187
- Total Liabilities: $0
- Net Assets: $2,414,187
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Organization Details
Founding Year
1995
Principal Officer
Bruce Hermann
NTEE Category
Code: T12 - Philanthropy
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