Overview
What is Lamb Institute?
Lamb Institute is a nonprofit organization that collaborates with Asociacion Para El Servicio Mundial Lamb Honduras to uplift the disadvantaged in Honduras. They provide resources and opportunities for churches and individuals to partake in God's work. One of their significant initiatives is supporting God's Littleest Lambs Children's Home, a residential program in San Buenaventura, Honduras, which offers full-time care for abandoned or abused children. Additionally, they manage a holistic community development program, aiming to help individuals better provide for themselves and their families through a group-based model of financial, emotional, and spiritual support. Lamb Institute also operates God's Littleest Lamb Daycare School in a poor inner-city neighborhood of Tegucigalpa, which ensures the education and care of over 195 children. Furthermore, the Alonzo Movement, a youth outreach ministry, keeps approximately 200 young people away from gangs by fostering Christian community youth groups. The organization employs a team of 3 individuals.
Official website here: www.lambinstitute.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 88% (Three-Star out of Four Star Rating) from Charity Navigator
The Lamb Institute has received an impressive rating of 88%, indicating a strong commitment to accountability and financial management. With a perfect score in critical areas such as independent board members and financial transparency, the organization demonstrates a solid foundation of governance. Their emphasis on maintaining no material diversion of assets further reflects their responsible stewardship of resources.
In terms of organizational strengths, Lamb Institute's accountability and finance score of 87% highlights their efficient use of funds, with an outstanding program expense ratio of 89.34%. They also exhibit noteworthy fundraising efficiency, managing to keep costs low at just $0.05 per dollar raised. The organization has clearly defined strategic goals that align with its mission, showcasing their focused approach to impact.
However, the leadership and adaptability score of 100% suggests that while the institute excels in these areas, it is crucial for them to consistently evolve their strategies to maintain this high standard. Overall, the Lamb Institute stands out for its robust governance practices and effective financial management, positioning itself as a trustworthy organization in the nonprofit sector.
This AI summary has been generated from information found on Charity Navigator.
Is Lamb Institute legitimate?
Lamb Institute is a legitimate nonprofit organization registered as a 501(c)(3) entity. Lamb Institute 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: $238,334
For more financial information, click here
Official website here: www.lambinstitute.org
What is the mission statement of Lamb Institute?
The Lamb Institute, in partnership with Asociacion para el Servicio Mundial Lamb Honduras, works towards empowering disadvantaged individuals in Honduras. Their mission is to care for, educate, protect, and empower those suffering from poverty, abuse, and exploitation by providing resources, oversight, and opportunities for churches and individuals to join in God's work. The organization supports various initiatives, including God's Littleest Lambs Children's Home, a residential program for abandoned or abused children, and a holistic community development program aimed at helping individuals better provide for themselves and their families. Additionally, the Lamb Institute operates a private Christian daycare school and a youth outreach ministry to keep young people out of gangs.
Official website here: www.lambinstitute.org
Who is the CEO of Lamb Institute?
Magaret Merritt is the Vice President of Lamb Institute.
Official website here: www.lambinstitute.org
What is the revenue of Lamb Institute?
Lamb Institute's revenue in 2023 was $2,439,746.
Official website here: www.lambinstitute.org
Who are the executives of Lamb Institute and what are their salaries?
The average compensation at Lamb Institute during 2023 was $79,445. There are 3 employees at Lamb Institute.
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Official website here: www.lambinstitute.org
Where can I find the form 990 for Lamb Institute?
Lamb Institute's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.lambinstitute.org
Learn more at the official website: www.lambinstitute.org
Mission Statement of Lamb Institute
Lamb Institute, in collaboration with Asociación para el Servicio Mundial Lamb Honduras, strives to uplift disadvantaged individuals in Honduras by offering resources and opportunities for churches and individuals to partake in God's work. The organization's mission is to care for, educate, protect, and empower those suffering from poverty, abuse, and exploitation in Honduras. Lamb Institute accomplishes this by providing resources, oversight, and opportunities for churches and individuals to join in this noble endeavor.
One of Lamb Institute's significant initiatives is supporting Asociación para el Servicio Mundial Lamb Honduras in managing God's Littleest Lambs Children's Home, a residential children's program in San Buenaventura, Honduras, approximately 45 minutes from the capital. This program offers full-time care for abandoned or abused children, providing a safe and nurturing environment for 10 babies and 50 children aged 3-17.
Furthermore, Lamb Institute oversees a holistic community development program aimed at helping individuals better provide for themselves and their families. This program employs a group-based model of financial, emotional, and spiritual support, empowering communities to break the cycle of poverty and foster self-sufficiency.
Additionally, Lamb Institute operates God's Littleest Lamb Daycare School, a private Christian daycare and K-9 grade school in Flor del Campo, a poor inner-city neighborhood in Tegucigalpa, Honduras. This school provides education and care for over 195 children, ensuring they have access to quality education and a safe environment when their parents are unable to provide these necessities.
Lastly, Lamb Institute is involved in the Alonzo Movement, a youth outreach ministry serving approximately 200 young people. This ministry keeps at-risk youth engaged and away from gangs through Christian community youth groups, offering them a positive alternative and guidance during their formative years.
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Impact
July, 2024
Lamb Institute's impact can be seen in the lives of disadvantaged individuals in Honduras who are being empowered to rise above poverty, abuse, and exploitation. Through its partnership with Asociacion Para El Servicio Mundial Lamb Honduras, Lamb Institute provides resources and opportunities for churches and individuals to join in God's work of caring for, educating, protecting, and empowering those in need.
Specifically, Lamb Institute supports various programs in Honduras, including the God's Littlest Lambs children's home, which provides full-time care for abandoned or abused babies and children. The organization also manages a holistic community development program aimed at helping individuals provide for themselves and their families through financial, emotional, and spiritual support. Additionally, Lamb Institute operates the God's Littlest Lamb daycare school, offering education and care for children in a poor inner-city neighborhood.
Furthermore, the Alonzo Movement, a youth outreach ministry supported by Lamb Institute, keeps around 200 young people out of gangs through Christian community youth groups. By addressing the root causes of poverty and offering tangible support and guidance, Lamb Institute is making a meaningful difference in the lives of those facing hardship in Honduras.
This information is meant to be a general summary of Lamb Institute. 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 2023.
- Investment Income: $88,222
- Gross Receipts: $2,439,746
Assets and Liabilities:
- Total Assets: $2,795,396
- Total Liabilities: $17,080
- Net Assets: $2,778,316
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Organization Details
Founding Year
1999
Phone
(843) 442-9306Principal Officer
Magaret Merritt
Main Address
PO BOX 2557, MOUNT PLEASANT, SC, 29465
Website
www.lambinstitute.orgNTEE Category
Code: X20 - Religion related
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