Overview
What is Lake Community Action Agency Inc?
Lake Community Action Agency Inc, located in Eustis, Florida, is a nonprofit organization that primarily focuses on assisting low-income households. Their primary mission is to provide energy aid, along with educational and social support, to those in need. They accomplish this by utilizing funds from various sources, including federal, state, local governments, private foundations, and the public sector. One of their key initiatives is the Low Income Home Energy Assistance Program (LIHEAP), which helped approximately 2,105 households in meeting their immediate home energy needs, particularly those who spend a significant portion of their income on energy. With a workforce of 14 dedicated individuals, Lake Community Action Agency Inc serves its community by addressing energy-related challenges and promoting overall well-being.
Official website here: www.lakecaa.org
What are the reviews and ratings of this charity?
Rating from Charity Navigator: 96% (Four-Star out of Four Star rating)
Lake Community Action Agency Inc has received a commendable Four-Star rating from Charity Navigator, reflecting its strong commitment to accountability and financial integrity. The charity's overall score is based entirely on its Accountability & Finance metrics, where it achieved a high score of 96%. This rating indicates that the organization is effectively managing its resources and adhering to best practices in governance.
The nonprofit boasts a fully independent board, which is a key strength in ensuring unbiased decision-making and governance. With a total of 15 independent members, the agency also excels in various financial oversight categories, including having a well-structured audit process and stringent conflict of interest policies. Additionally, the organization's program expense ratio stands at an impressive 97.81%, suggesting that the vast majority of its expenses are directed toward its mission-related activities.
While the organization shows robust financial health with a liability-to-assets ratio of 50.25%, there are no noted limitations in the data reviewed. Overall, Lake Community Action Agency Inc demonstrates a solid operational foundation, ensuring that donor contributions are utilized effectively to further its goals.
This AI summary has been generated from information found on Charity Navigator.
Is Lake Community Action Agency Inc legitimate?
Lake Community Action Agency Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Lake Community Action Agency 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: $166,837
Professional Fundraising Fees: $0
Other Salaries and Wages: $463,403
For more financial information, click here
Official website here: www.lakecaa.org
What is the mission statement of Lake Community Action Agency Inc?
Lake Community Action Agency Inc's mission is centered around assisting impoverished residents. Utilizing funds sourced from various governmental bodies, private foundations, and the public sector, the agency provides essential aid in the domains of energy, education, and social assistance. Their primary objective is to support low-income households, particularly those who spend a significant portion of their income on home energy, by addressing their immediate energy needs through programs like the Low Income Home Energy Assistance Program (LIHEAP). In 20XX, approximately 2,105 households benefited from their services.
Official website here: www.lakecaa.org
Who is the CEO of Lake Community Action Agency Inc?
Louis C Ward is the Director (Ex of Lake Community Action Agency Inc.
Official website here: www.lakecaa.org
What is the revenue of Lake Community Action Agency Inc?
Lake Community Action Agency Inc's revenue in 2022 was $3,462,063.
Official website here: www.lakecaa.org
Who are the executives of Lake Community Action Agency Inc and what are their salaries?
The average compensation at Lake Community Action Agency Inc during 2022 was $45,017. There are 14 employees and 18 volunteers at Lake Community Action Agency Inc.
Here are 21 key members and their salaries:
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Official website here: www.lakecaa.org
Where can I find the form 990 for Lake Community Action Agency Inc?
Lake Community Action Agency Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.lakecaa.org
Learn more at the official website: www.lakecaa.org
Mission Statement of Lake Community Action Agency Inc
Lake Community Action Agency Inc is committed to assisting impoverished residents in various ways. Their mission, in essence, involves providing energy, educational, and social assistance to those in need. This aid is made possible through funds obtained from federal, state, local governments, private foundations, and the public sector.
In specific terms, Lake Community Action Agency Inc focuses on supporting low-income households, particularly those that spend a significant portion of their income on home energy. Through their Low Income Home Energy Assistance Program (LIHEAP), they provide aid to approximately 2,105 households, primarily to help them meet their immediate home energy needs. This program plays a crucial role in alleviating the financial burden of energy costs for these households, thereby improving their overall living conditions.
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Impact
July, 2024
Lake Community Action Agency Inc is making a crucial impact by assisting impoverished residents in Eustis, FL, to meet their immediate home energy needs through programs like the Low-Income Home Energy Assistance Program (LIHEAP). Approximately 2,105 households have been assisted, particularly those with the lowest incomes who struggle to pay a high proportion of their household income for home energy. This vital assistance is made possible through funds obtained from federal, state, and local governments, private foundations, and the public sector. By providing energy, educational, and social assistance, Lake Community Action Agency Inc is helping to improve the lives of those in need in the community.
This information is meant to be a general summary of Lake Community Action Agency 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: $10
- Program Service Revenue: $102,158
- Gross Receipts: $3,462,063
Assets and Liabilities:
- Total Assets: $857,084
- Total Liabilities: $430,729
- Net Assets: $426,355
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
VOLUNTARY PRE-K FEES
Revenue
$93,614
COLEMAN CENTER REVENUE
Revenue
$8,544
Organization Details
Founding Year
1966
Phone
(352) 357-5550Principal Officer
Louis C Ward
Main Address
501 NORTH BAY STREET, EUSTIS, FL, 32726
Website
www.lakecaa.orgNTEE Category
Code: P20Z - Human services
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