Overview
What is Life Plan Trust Inc?
Life Plan Trust Inc, based in Apex, North Carolina, is a nonprofit organization that offers financial management and personal advocacy services to families and individuals grappling with severe mental illnesses and developmental disabilities. With a team of five dedicated individuals, this organization serves as a crucial support system, providing ongoing legal education to North Carolina attorneys to ensure they can effectively meet the legal and future financial needs of these families. The mission of Life Plan Trust Inc is to promote and operate a service program that provides vital financial and personal advocacy services, contributing to the well-being and stability of families affected by these challenges.
Official website here: www.lifeplantrustnc.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 90%, Four-Star out of Four Star rating.
Life Plan Trust Inc has achieved an impressive Four-Star rating from Charity Navigator, indicating strong performance in accountability and finance. The charity's overall score is derived solely from its accountability metrics, reflecting its commitment to transparency and effective management. The organization boasts a 100% independent board, with three members, showcasing strong governance practices.
Financially, Life Plan Trust Inc demonstrates robust health with a low liabilities to assets ratio of 4.80% and a high program expense ratio of 86.65%, ensuring that the majority of its funds are directed towards its programs. The presence of a conflict of interest policy and publicly available meeting minutes further highlights the organization's dedication to ethical standards.
However, the absence of a whistleblower policy has been noted as a limitation. While this does not detract significantly from the overall financial health and management practices, it could be an area for improvement to enhance the organization's accountability further.
This AI summary has been generated from information found on Charity Navigator.
Is Life Plan Trust Inc legitimate?
Life Plan Trust Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Life Plan Trust 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: $104,934
Professional Fundraising Fees: $0
Other Salaries and Wages: $149,489
For more financial information, click here
Official website here: www.lifeplantrustnc.org
What is the mission statement of Life Plan Trust Inc?
Life Plan Trust Inc's mission is centered around promoting and operating a service program. This program is designed to offer financial management and personal advocacy assistance to families who have loved ones with severe and persistent mental illness or developmental disabilities. The organization aims to empower these families, providing them with the necessary support they need to navigate the challenges associated with these conditions. Additionally, Life Plan Trust Inc conducts continuing legal education for North Carolina attorneys, educating them on the legal needs and future financial requirements of families and individuals with severe and persistent mental illness or developmental disabilities.
Official website here: www.lifeplantrustnc.org
Who is the CEO of Life Plan Trust Inc?
Janita Moody is the Executive Dir. of Life Plan Trust Inc.
Official website here: www.lifeplantrustnc.org
What is the revenue of Life Plan Trust Inc?
Life Plan Trust Inc's revenue in 2022 was $588,642.
Official website here: www.lifeplantrustnc.org
Who are the executives of Life Plan Trust Inc and what are their salaries?
The average compensation at Life Plan Trust Inc during 2022 was $50,885. There are 5 employees at Life Plan Trust Inc.
Here are 4 key members and their salaries:
- Compensation: $81,702
- Related: $0
- Other: $19,163
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.lifeplantrustnc.org
Where can I find the form 990 for Life Plan Trust Inc?
Life Plan Trust Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.lifeplantrustnc.org
Learn more at the official website: www.lifeplantrustnc.org
Mission Statement of Life Plan Trust Inc
Life Plan Trust Inc, as a nonprofit organization, is dedicated to promoting and operating a service program. Their primary mission is to provide financial management and personal advocacy services to families who have a loved one with severe and persistent mental illness or developmental disabilities. This mission aims to support these families in managing their financial needs and navigating the complexities associated with their loved ones' health conditions. In addition to this, Life Plan Trust Inc also offers continuing legal education to North Carolina attorneys, equipping them with the knowledge necessary to serve the legal needs and future financial needs of families with individuals battling severe mental illness or developmental disabilities.
Shop smarter and support your favorite cause with the Give Freely browser extension. Save money with coupons and donate to charity with a single click. Download now!
Impact
July, 2024
Life Plan Trust Inc has had a significant impact by providing essential financial management and personal advocacy services to families and individuals facing severe and persistent mental illness and/or developmental disabilities. Through their service program, they have alleviated the burden on these families, enabling them to focus on caring for their loved ones without the added stress of financial management.
Additionally, Life Plan Trust Inc has played a crucial role in educating North Carolina attorneys on the legal and financial needs of individuals with severe mental illness and developmental disabilities. By providing continuing legal education, they have increased the capacity of legal professionals to serve this vulnerable population effectively.
Overall, Life Plan Trust Inc's work in promoting and operating a service program for families in need has made a positive impact on the health and well-being of individuals with severe mental illness and developmental disabilities in the community.
This information is meant to be a general summary of Life Plan Trust 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: $1,859
- Program Service Revenue: $191,577
- Gross Receipts: $769,931
Assets and Liabilities:
- Total Assets: $775,360
- Total Liabilities: $37,875
- Net Assets: $737,485
Want to help this charity, for free? You can click here to learn more about Give Freely
Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Enrollment fees
Revenue
$23,500
Service fees
Revenue
$168,077
Organization Details
Founding Year
1990
Phone
(919) 589-0017Principal Officer
Janita Moody
Main Address
800 W Williams Street Ste 231-I, Apex, NC, 27502
Website
www.lifeplantrustnc.orgNTEE Category
Code: E87Z - Health
If you are a representative of Life Plan Trust Inc and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.