Overview
What is Lc Danese G Borland Charittrust?
LC Danese G Borland Charittrust is a nonprofit organization situated in Orlando, Florida. Its primary mission is to contribute to the general funds of the American Red Cross. This support encompasses various initiatives, such as aiding the American Red Cross - Roanoke Chapter and providing assistance to the American Red Cross as a whole. By doing so, the charity aims to contribute to the Red Cross's vital work in providing aid and support during emergencies and disaster relief efforts.
What are the reviews and ratings of this charity?
Charity Navigator Rating: One Star (50%)
Lc Danese G Borland Charittrust has received a low rating of 50%, indicating significant concerns regarding its accountability and financial practices. The organization has no independent board members, which raises questions about oversight and governance. Additionally, there are numerous missing policies and documents, including financial statements, a conflict of interest policy, and board meeting minutes, which suggests a lack of transparency.
Despite the low overall rating, the charity does exhibit a strong program expense ratio of 90.29%, meaning that a considerable portion of its expenditures is directed towards its programs, which is a positive indicator of its commitment to its mission. However, the absence of essential financial documents and governance policies limits the trust and confidence that potential donors might place in the organization.
The financial health of the charity is somewhat reassuring, as it has a liabilities to assets ratio of 0.00%. Nevertheless, the overall lack of transparency and governance practices could deter potential supporters. To improve its standing, the organization would benefit from implementing standard accountability measures and ensuring that essential documents are readily available to the public.
This AI summary has been generated from information found on Charity Navigator.
Is Lc Danese G Borland Charittrust legitimate?
Lc Danese G Borland Charittrust is a legitimate nonprofit organization registered as a 501(c)(3) entity. Lc Danese G Borland Charittrust 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: $15,646
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
What is the mission statement of Lc Danese G Borland Charittrust?
The LC Danese G Borland Charittrust's mission is centered around providing support to the general funds of the American Red Cross. This support is instrumental in upholding various programs under the American Red Cross umbrella. The Charittrust's commitment extends to backing initiatives such as the American Red Cross - Roanoke Chapter and the American Red Cross, thereby contributing to their overall operations. The Charittrust's role is pivotal in offering financial assistance to these organizations, thereby aiding in their humanitarian efforts.
Who is the CEO of Lc Danese G Borland Charittrust?
Truist Bank is the Trustee of Lc Danese G Borland Charittrust.
What is the revenue of Lc Danese G Borland Charittrust?
Lc Danese G Borland Charittrust's revenue in 2022 was $48,245.
Who are the executives of Lc Danese G Borland Charittrust and what are their salaries?
There is 1 key member and their salary:
- Compensation: $15,646
- Related: $0
- Other: $0
Where can I find the form 990 for Lc Danese G Borland Charittrust?
Lc Danese G Borland Charittrust's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Lc Danese G Borland Charittrust
Lc Danese G Borland Charittrust is a charitable organization that carries out its mission by providing support to the general funds of the American Red Cross. This support extends to various initiatives and programs, such as backing the American Red Cross - Roanoke Chapter and contributing to the overall operations of the American Red Cross. By doing so, Lc Danese G Borland Charittrust contributes to the Red Cross's efforts in providing aid, relief, and support during emergencies and disasters, as well as its ongoing community services and educational programs. In essence, Lc Danese G Borland Charittrust plays a crucial role in strengthening the American Red Cross's capacity to respond to crises and support those in need.
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Impact
August, 2024
LC Danese G Borland Charittrust has a substantial impact on the support and operations of the American Red Cross. By providing much-needed assistance to the general funds of the American Red Cross, this trust enables vital programs and services to be carried out efficiently and effectively. Specifically, the trust contributes to the support of the American Red Cross - Roanoke Chapter and other critical initiatives of the organization. Through its financial assistance and commitment to the Red Cross mission, LC Danese G Borland Charittrust plays a crucial role in helping the American Red Cross fulfill its humanitarian objectives and provide aid to those in need.
This information is meant to be a general summary of Lc Danese G Borland Charittrust. 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: $48,245
- Gross Receipts: $166,949
Assets and Liabilities:
- Total Assets: $2,087,718
- Total Liabilities: $0
- Net Assets: $2,087,718
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Organization Details
Founding Year
2000
Phone
(804) 273-7445Principal Officer
Truist Bank
Main Address
PO BOX 919798, ORLANDO, FL, 328919798
NTEE Category
Code: Z99 - Unknown
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