Overview
What is Lutheran Homes Of South Carolina Foundation Inc?
Lutheran Homes of South Carolina Foundation Inc, headquartered in Irmo, South Carolina, is a nonprofit organization with a mission to support the ministry of Lutheran Homes of South Carolina, Inc. Through their Resident Grant Program, they subsidized the care of 23 older residents, hospice patients, and BeWell clients who couldn't afford the full cost of their care. The foundation's mission is to aid donors who have a heart for older adults and hospice patients, enabling them to fulfill their philanthropic objectives, while being a responsible steward of their gifts.
Official website here: www.lutheranhomessc.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 100% (Four-Star out of Four Star Rating)
Lutheran Homes Of South Carolina Foundation Inc has achieved a perfect score of 100%, reflecting its strong accountability and financial health. This rating is based solely on its accountability and finance beacon, indicating that the organization meets high standards in these areas. The evaluation highlights a fully independent board and thorough oversight, contributing to the charity's solid reputation.
The organization stands out for its commitment to transparency, evidenced by well-maintained financial statements and the presence of crucial policies like conflict of interest and whistleblower protections. Furthermore, the foundation maintains a low liabilities-to-assets ratio of 0.22%, demonstrating its sound financial management and stability.
Despite these strengths, it is essential to note that the high program expense ratio of 87.17% signifies a strong focus on direct service delivery, although it may raise questions about the allocation of resources for administrative needs. Overall, Lutheran Homes Of South Carolina Foundation Inc exemplifies effective governance and fiscal responsibility, reassuring donors of its integrity and mission effectiveness.
This AI summary has been generated from information found on Charity Navigator.
Is Lutheran Homes Of South Carolina Foundation Inc legitimate?
Lutheran Homes Of South Carolina Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Lutheran Homes Of South Carolina 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.
Heare are some key statistics you may want to consider:
Executive Compensation: $275,533
Professional Fundraising Fees: $0
Other Salaries and Wages: $131,930
For more financial information, click here
Official website here: www.lutheranhomessc.org
What is the mission statement of Lutheran Homes Of South Carolina Foundation Inc?
The Lutheran Homes of South Carolina Foundation Inc's mission is to support the ministry of Lutheran Homes of South Carolina by enabling donors, who have a compassion for older adults and hospice patients, to achieve their philanthropic goals. The foundation serves as a responsible steward of these donations, ensuring they are put to use effectively. One of their key initiatives is the Resident Grant Program, which subsidizes the care of 23 older residents, hospice patients, and BeWell clients served by Lutheran Homes of SC, Inc., who lack the necessary resources to cover their full care costs.
Official website here: www.lutheranhomessc.org
Who is the CEO of Lutheran Homes Of South Carolina Foundation Inc?
Tina D White is the Board Member of Lutheran Homes Of South Carolina Foundation Inc. The CEO's salary of Lutheran Homes Of South Carolina Foundation Inc is $175,152 and their total compensation is $179,884.
Official website here: www.lutheranhomessc.org
What is the revenue of Lutheran Homes Of South Carolina Foundation Inc?
Lutheran Homes Of South Carolina Foundation Inc's revenue in 2022 was $5,922,264.
Official website here: www.lutheranhomessc.org
Who are the executives of Lutheran Homes Of South Carolina Foundation Inc and what are their salaries?
There 40 volunteers at Lutheran Homes Of South Carolina Foundation Inc.
Here are 13 key members and their salaries (Lutheran Homes Of South Carolina Foundation Inc's CEO's salary is $175,152 and their total compensation is $179,884):
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- Compensation: $175,152
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- Other: $4,732
- Compensation: $100,382
- Related: $0
- Other: $2,624
- Compensation: $0
- Related: $298,777
- Other: $18,297
- Compensation: $0
- Related: $462,770
- Other: $33,250
Official website here: www.lutheranhomessc.org
Where can I find the form 990 for Lutheran Homes Of South Carolina Foundation Inc?
Lutheran Homes Of South Carolina Foundation Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.lutheranhomessc.org
Learn more at the official website: www.lutheranhomessc.org
Mission Statement of Lutheran Homes Of South Carolina Foundation Inc
Lutheran Homes of South Carolina Foundation Inc's mission is centered around supporting the ministry of Lutheran Homes of South Carolina, Inc. In pursuit of this objective, the foundation aims to facilitate philanthropic goals of donors who are compassionate towards older adults and hospice patients. By acting as a responsible steward of these contributions, the foundation enables these donors to make a significant impact in the lives of these individuals.
In essence, Lutheran Homes of South Carolina Foundation Inc serves as a bridge, connecting generous individuals with the cause of providing care for older adults and hospice patients who may not have the financial means to cover their full expenses. The foundation's Resident Grant Program is a prime example of this mission in action. Through this program, the foundation subsidized the care of 23 older residents, hospice patients, and clients served by Lutheran Homes of South Carolina, Inc., ensuring that they received the necessary support despite their limited resources.
In summary, Lutheran Homes of South Carolina Foundation Inc's mission is to champion the cause of older adults and hospice patients by empowering philanthropic donors and being a responsible steward of their contributions. The foundation's Resident Grant Program is a tangible expression of this mission, providing financial assistance to individuals who may not otherwise be able to afford their care.
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Impact
July, 2024
Lutheran Homes Of South Carolina Foundation Inc's impact can be seen through its Resident Grant Program, which subsidized the care of 23 older residents, hospice patients, and BeWell clients served by Lutheran Homes of South Carolina, Inc. These individuals did not have the resources to pay the full cost of their care, and the Foundation stepped in to support them. By enabling donors who care about older adults and hospice patients to achieve their philanthropic goals and being a faithful steward of their gifts, the Foundation is making a tangible difference in the lives of those in need in the Irmo, SC community.
This information is meant to be a general summary of Lutheran Homes Of South Carolina 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 2022.
- Investment Income: $5,052,109
- Gross Receipts: $5,936,983
Assets and Liabilities:
- Total Assets: $47,033,372
- Total Liabilities: $153,327
- Net Assets: $46,880,045
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Organization Details
Founding Year
1892
Phone
(803) 749-5122Principal Officer
Tina D White
Main Address
300 MINISTRY DRIVE, IRMO, SC, 29063
Website
www.lutheranhomessc.orgNTEE Category
Code: P110 - Human services
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