Overview
What is Lynchburg Community Action Group I Group Inc?
Lynchburg Community Action Group I Group Inc, often referred to as LynCAG, is a nonprofit organization headquartered at 1010 Main Street, Lynchburg, Virginia. Established with a mission to carry out community action programs, LynCAG primarily secures funding through agency programs and grants from local, state, and federal agencies. Compliance with grant conditions and additional requirements are essential elements of these grants. The organization's flagship program, Lyn-CAG Head Start, focuses on the education and development of 3, 4, and 5-year-olds. Last year, the Head Start program showed improvements in school readiness, with a decrease in scores across various developmental areas, including social emotional, physical, language, cognitive, literacy, and math. In response to these findings, the School Readiness Education Committee has decided to place a greater emphasis on language and literacy development during the 2022-2023 school year by providing teachers with specialized training. LynCAG's commitment to its community extends beyond education, addressing a wide range of social issues. The organization's overall goal is to positively impact the lives of its community members and ensure they have access to essential resources and services.
What are the reviews and ratings of this charity?
Rating from Charity Navigator: 94% (Four-Star out of Four Star rating)
The Lynchburg Community Action Group I Group Inc has achieved a commendable Four-Star rating from Charity Navigator, indicating a high level of accountability and financial health. The overall score is primarily based on their strong accountability and finance metrics, reflecting the organization's commitment to transparency and responsible management of resources.
One of the notable strengths of this nonprofit is its fully independent board, with all 13 members contributing to decision-making without any conflicts of interest. Additionally, the organization has implemented various policies, such as conflict of interest and whistleblower policies, which further enhance its governance framework. Their program expense ratio stands at an impressive 90.17%, indicating that a significant portion of their funds is allocated directly to programs, rather than administrative costs.
Despite these strengths, no specific limitations or concerns were highlighted in the provided data. The organization shows no signs of material diversion of assets, and its liabilities to assets ratio of 27.71% suggests a solid financial position. Overall, Lynchburg Community Action Group I Group Inc demonstrates effective operations and a strong commitment to serving its community.
This AI summary has been generated from information found on Charity Navigator.
Is Lynchburg Community Action Group I Group Inc legitimate?
Lynchburg Community Action Group I Group Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Lynchburg Community Action Group I Group 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: $2,052,032
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What is the mission statement of Lynchburg Community Action Group I Group Inc?
Lynchburg Community Action Group I Group Inc is a nonprofit organization that carries out community action programs. Funding for these programs comes primarily from revenue generated through various agency programs and grants provided by local, state, and federal agencies. These grants often come with specific conditions and additional requirements, such as the provision of cash or non-cash contributions. The organization's primary mission is to execute these community action programs, contributing to the betterment of their community.
Who is the CEO of Lynchburg Community Action Group I Group Inc?
Sandra Ferguson is the Vice-Chairpe of Lynchburg Community Action Group I Group Inc.
What is the revenue of Lynchburg Community Action Group I Group Inc?
Lynchburg Community Action Group I Group Inc's revenue in 2022 was $4,188,076.
Who are the executives of Lynchburg Community Action Group I Group Inc and what are their salaries?
The average compensation at Lynchburg Community Action Group I Group Inc during 2022 was $23,587. There are 87 employees at Lynchburg Community Action Group I Group Inc.
Here are 13 key members and their salaries:
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Where can I find the form 990 for Lynchburg Community Action Group I Group Inc?
Lynchburg Community Action Group I Group Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Lynchburg Community Action Group I Group Inc
Lynchburg Community Action Group Inc, a nonprofit corporation, is dedicated to executing community action programs. These programs are primarily funded through revenue from various agency programs and grants received from local, state, and federal agencies. It's important to note that these grants often come with specific conditions and additional requirements, such as the provision of certain cash or non-cash contributions. The organization's mission, therefore, involves adhering to these terms while effectively carrying out its community action initiatives.
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Impact
July, 2024
The Lynchburg Community Action Group I Group Inc, through its Lynchburg Community Action Group program, has made significant strides in improving school readiness among 3, 4, and 5-year-olds in the Lynchburg area. By implementing approaches to learning strategies and assessments, they have seen positive results in various developmental areas. Notably, their focus on increasing language and literacy development for the upcoming school year demonstrates a commitment to ensuring the educational preparedness of young children in the community.
This information is meant to be a general summary of Lynchburg Community Action Group I Group 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 2022.
- Program Service Revenue: $127,978
- Gross Receipts: $4,188,076
Assets and Liabilities:
- Total Assets: $1,307,747
- Total Liabilities: $362,413
- Net Assets: $945,334
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
OTHER PROGRAM INCOME
Revenue
$30,580
OTHER PROGRAM INCOME
Revenue
$27,880
OTHER PROGRAM INCOME
Revenue
$19,300
OTHER PROGRAM INCOME
Revenue
$17,368
OTHER PROGRAM INCOME
Revenue
$7,241
Organization Details
Phone
(434) 846-2778Principal Officer
Sandra Ferguson
Main Address
1010 MAIN STREET, LYNCHBURG, VA, 24504
NTEE Category
Code: S20 - Community improvement
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