Overview
What is Lake Toxaway Charities?
Lake Toxaway Charities is a nonprofit organization situated in Lake Toxaway, North Carolina. They primarily focus on raising funds through annual events such as their Gala and Sports Day, attracting over 400 donors and generating around $1 million annually. The proceeds from these events significantly benefit the less fortunate residents of Transylvania County, aiding approximately 34% of its population, which equates to over 12,251 individuals. The organization's core mission is to support charities, medical outreach, and educators who cater to the needs of abused women and children, the disabled, indigent, and those with special needs in the community.
Official website here: www.laketoxawaycharities.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: Needs Improvement. Overall Score: 69%. Star Rating: Two-Star out of Four Stars.
Lake Toxaway Charities has demonstrated strengths in its governance structure, with 100% independent board members and a good size of independent members, contributing positively to its accountability. The organization has an impressive program expense ratio of 97.57%, indicating that nearly all funds are directed towards its programs rather than administrative costs. Furthermore, there have been no reported material diversions of assets, which is a positive sign for donors concerned about financial integrity.
However, the charity faces significant limitations that affect its overall rating. Notably, it has not provided financial statements, which raises transparency concerns. Additionally, the absence of crucial policies such as a conflict of interest policy, whistleblower policy, and document retention policy further detracts from its governance score. These gaps suggest areas for improvement that are essential for enhancing accountability and building trust with stakeholders.
This AI summary has been generated from information found on Charity Navigator.
Is Lake Toxaway Charities legitimate?
Lake Toxaway Charities is a legitimate nonprofit organization registered as a 501(c)(3) entity. Lake Toxaway Charities 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: $0
For more financial information, click here
Official website here: www.laketoxawaycharities.org
What is the mission statement of Lake Toxaway Charities?
Lake Toxaway Charities' mission is centered around providing support for various charities, medical outreach, and educators who cater to individuals with special needs, the disabled, indigent, and those who have been abused in their community. Their primary focus is on assisting the homeless, addressing the needs of the hungry, providing aid to abused women and their children, and supporting educationally and medically deprived individuals. They accomplish this mission through annual fundraisers, such as their Gala and Sports Day, which attract a significant number of donors. These donations, ranging from ticket prices to substantial sponsorships, have contributed to raising over a million dollars in the last two years, significantly impacting the lives of thousands of less fortunate individuals in their community.
Official website here: www.laketoxawaycharities.org
Who is the CEO of Lake Toxaway Charities?
Jennifer Renfroe is the Chair of Lake Toxaway Charities.
Official website here: www.laketoxawaycharities.org
What is the revenue of Lake Toxaway Charities?
Lake Toxaway Charities's revenue in 2022 was $1,454,657.
Official website here: www.laketoxawaycharities.org
Who are the executives of Lake Toxaway Charities and what are their salaries?
There 50 volunteers at Lake Toxaway Charities.
Here are 4 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
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- Other: $0
Official website here: www.laketoxawaycharities.org
Where can I find the form 990 for Lake Toxaway Charities?
Lake Toxaway Charities's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.laketoxawaycharities.org
Learn more at the official website: www.laketoxawaycharities.org
Mission Statement of Lake Toxaway Charities
Lake Toxaway Charities is an organization dedicated to supporting various charities, medical outreach, and educators who cater to the needs of the abused, disabled, indigent, and those with special needs in their community. Their mission is to provide assistance to these individuals and groups, ensuring they have the resources and care they require to live with dignity and improve their lives. Through annual fundraising events such as the Gala and Sports Day, Lake Toxaway Charities attracts over 400 donors who contribute at various levels, raising significant revenues that directly impact the lives of over 12,251 less fortunate residents in their community. The organization's focus is primarily on aiding the homeless, the hungry, abused women and their children, as well as educationally and medically deprived members of their community. Lake Toxaway Charities plays a crucial role in supporting these individuals and groups, enabling them to access essential services and opportunities for a better life.
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Impact
July, 2024
Lake Toxaway Charities makes a significant impact in Transylvania County, North Carolina by supporting charities, medical outreach, and educators who work with and minister to the abused, disabled, indigent, and those with special needs. Through their annual Gala and Sports Day fundraiser, which raises approximately $1 million in revenue over the last two years, Lake Toxaway Charities has been able to positively impact the lives of over 12,251 less fortunate residents in Transylvania County. Their core focus lies in aiding the homeless, hungry, abused women and their children, as well as the educationally and medically deprived members of the community.
This information is meant to be a general summary of Lake Toxaway Charities. 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: $4,323
- Gross Receipts: $1,579,622
Assets and Liabilities:
- Total Assets: $4,680,410
- Total Liabilities: $0
- Net Assets: $4,680,410
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Organization Details
Founding Year
1990
Phone
(561) 254-4319Principal Officer
Jennifer Renfroe
Main Address
PO Box 163, Lake Toxaway, NC, 28747
Website
www.laketoxawaycharities.orgNTEE Category
Code: P20 - Human services
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