Overview
What is Lassiter Foundation Inc?
Lassiter Foundation Inc, based in Marietta, Georgia, is a nonprofit organization primarily dedicated to improving the athletic facilities at Lassiter High School. Beyond this, the foundation also awards scholarships to deserving students, contributing to the educational and personal growth of its community's youth. The foundation's activities align with its mission to uplift the academic and athletic aspects of Lassiter High School, thereby positively impacting the local student population.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 87% (Three-Star out of Four Star rating)
The Lassiter Foundation Inc has received a commendable rating of 87%, reflecting solid performance in accountability and finance. The organization exhibits strong governance with a fully independent board and no noted diversion of assets. Their high program expense ratio of 94.91% indicates a significant focus on programmatic spending, suggesting that the majority of their resources are effectively directed towards their mission.
However, there are some areas for improvement, notably the absence of a whistleblower policy, which could enhance their accountability framework. While they score well in most financial aspects, addressing this gap could further bolster their organizational integrity. The foundation's commitment to transparency is evident through their documented policies and meeting minutes.
Overall, the Lassiter Foundation Inc demonstrates effective financial stewardship and governance, although enhancing their policy framework could strengthen their overall accountability.
This AI summary has been generated from information found on Charity Navigator.
Is Lassiter Foundation Inc legitimate?
Lassiter Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Lassiter 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
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What is the mission statement of Lassiter Foundation Inc?
The Lassiter Foundation Inc's mission revolves around awarding scholarships to deserving students and enhancing the athletic facilities at Lassiter High School. In pursuit of this goal, the foundation works tirelessly to improve the sports infrastructure at the school. By providing scholarships, they aim to support the academic aspirations of talented students, while enhancing the athletic facilities encourages a healthier and more engaging learning environment for all students. The Lassiter Foundation Inc's activities contribute to the overall development of the students, fostering both their academic and athletic growth.
Who is the CEO of Lassiter Foundation Inc?
Chris Ritchie is the Ceo of Lassiter Foundation Inc. The CEO's salary of Lassiter Foundation Inc is $0 and their total compensation is $0.
What is the revenue of Lassiter Foundation Inc?
Lassiter Foundation Inc's revenue in 2022 was $6,208.
Who are the executives of Lassiter Foundation Inc and what are their salaries?
There 9 volunteers at Lassiter Foundation Inc.
Here are 10 key members and their salaries (Lassiter Foundation Inc's CEO's salary is $0 and their total compensation is $0):
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Where can I find the form 990 for Lassiter Foundation Inc?
Lassiter Foundation Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Lassiter Foundation Inc
Lassiter Foundation Inc is devoted to supporting deserving students and enhancing the athletic facilities at Lassiter High School. Its mission is multifaceted, encompassing both the academic and extracurricular aspects of the school. The foundation awards scholarships to outstanding students, providing them with financial assistance to further their education. Simultaneously, it invests in upgrading the athletic facilities at Lassiter High School, aiming to create an environment that fosters physical and mental growth through sports. By doing so, Lassiter Foundation Inc contributes to the overall development of the students, enabling them to excel both on and off the field.
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Impact
August, 2024
Lassiter Foundation Inc's impact revolves around awarding scholarships to deserving students and enhancing athletic facilities at Lassister High School in Marietta, Georgia. By providing financial assistance to students and improving the school's sports facilities, the foundation aims to support academic achievement and promote a strong athletic program. This dual focus on education and sports enrichment contributes to the overall development and success of students at Lassiter High School.
This information is meant to be a general summary of Lassiter 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: $208
- Gross Receipts: $6,208
Assets and Liabilities:
- Total Assets: $1,283,456
- Total Liabilities: $366,358
- Net Assets: $917,098
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
MISCELLANEOUS INCOME
Organization Details
Founding Year
2007
Phone
(678) 494-7863Principal Officer
Chris Ritchie
Main Address
2601 SHALLOWFORD ROAD, MARIETTA, GA, 30066
NTEE Category
Code: B82 - Education
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