Overview
What is Lowe's Employee Relief Fund Inc?
Lowe's Employee Relief Fund Inc is a nonprofit organization situated in Mooresville, North Carolina. Its central mission is to offer aid to employees who experience unexpected financial difficulties, often due to unforeseen events such as medical emergencies, funerals, or natural disasters like floods, tornados, and earthquakes. Throughout the year ending September 30, 2022, the organization successfully assisted 2,271 individuals in overcoming these challenges.
What are the reviews and ratings of this charity?
85% rating (Three-Star out of Four Stars) from Charity Navigator.
Lowe's Employee Relief Fund Inc has received a solid Three-Star rating, indicating a strong level of accountability and financial management. The overall score is based solely on their Accountability & Finance metrics, where they scored 85. This reflects a well-structured organization with no material diversions of assets and a complete independent board, showcasing their commitment to transparency and governance.
The nonprofit excels in various areas, including a perfect score for its conflict of interest and whistleblower policies, as well as document retention practices. Their program expense ratio is impressive at 99.73%, meaning that nearly all funds raised are directed towards their mission, which supports employees in need. Additionally, they have demonstrated excellent fundraising efficiency, with no costs associated with fundraising.
While the organization shows strong financial health with a liabilities-to-assets ratio of 0.00% and working capital covering over three years, the rating is heavily reliant on these financial indicators. Overall, the fund stands out for its operational integrity and focus on serving its beneficiaries effectively.
This AI summary has been generated from information found on Charity Navigator.
Is Lowe's Employee Relief Fund Inc legitimate?
Lowe's Employee Relief Fund Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Lowe's Employee Relief Fund 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: $0
For more financial information, click here
What is the mission statement of Lowe's Employee Relief Fund Inc?
Lowe's Employee Relief Fund Inc's mission is centered around offering assistance for unforeseen financial difficulties that arise from disasters or emergencies. The organization's primary objective is to alleviate such hardships, providing relief to individuals in need. This relief can be in response to various unforeseen circumstances, such as medical expenses, funeral costs, or expenses incurred due to natural disasters like floods, tornados, and earthquakes. During the year ending September 30, 2022, the fund successfully aided 2,271 individuals in overcoming their sudden financial challenges.
Who is the CEO of Lowe's Employee Relief Fund Inc?
David R Green is the Director And President of Lowe's Employee Relief Fund Inc.
What is the revenue of Lowe's Employee Relief Fund Inc?
Lowe's Employee Relief Fund Inc's revenue in 2022 was $5,411,325.
Who are the executives of Lowe's Employee Relief Fund Inc and what are their salaries?
There 30 volunteers at Lowe's Employee Relief Fund Inc.
Here are 6 key members and their salaries:
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- Other: $0
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- Other: $0
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- Other: $0
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- Other: $0
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- Other: $0
- Compensation: $0
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- Other: $0
Where can I find the form 990 for Lowe's Employee Relief Fund Inc?
Lowe's Employee Relief Fund Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Lowe's Employee Relief Fund Inc
Lowe's Employee Relief Fund Inc is a nonprofit organization with a mission to provide relief for unforeseen financial hardships that individuals may encounter due to disasters or emergencies. This relief is aimed at addressing sudden, unexpected financial struggles, such as medical expenses, funeral costs, and expenses resulting from natural disasters like floods, tornados, and earthquakes. By offering this assistance, Lowe's Employee Relief Fund Inc aims to provide a safety net for those in need, helping them overcome these challenging situations and return to financial stability.
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Impact
July, 2024
The Lowe's Employee Relief Fund Inc has had a significant impact by helping 2,271 individuals overcome sudden, unforeseen personal financial hardships during the year ending September 30, 2022. The organization's mission to provide relief for unforeseen financial hardships resulting from disasters or emergencies has made a tangible difference in the lives of those facing challenges such as medical expenses, funeral costs, and expenses due to natural disasters like floods, tornados, and earthquakes.
This information is meant to be a general summary of Lowe's Employee Relief Fund 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.
- Investment Income: $7,118
- Gross Receipts: $5,542,540
Assets and Liabilities:
- Total Assets: $10,934,247
- Total Liabilities: $0
- Net Assets: $10,934,247
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Organization Details
Founding Year
1999
Phone
(704) 758-2009Principal Officer
David R Green
Main Address
1000 Lowes Blvd, Mooresville, NC, 28117
NTEE Category
Code: M122 - Public safety
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