Overview
What is Venice Lions Club Foundation Inc?
The Venice Lions Club Foundation Inc, situated in the Venice, Florida area, is a dedicated nonprofit organization. Their primary focus is distributing humanitarian grants to aid students, libraries, charitable organizations, and individuals in need. The foundation's mission is to support these causes extensively, primarily through their grant program. By providing these financial resources, they strive to make a positive impact on their community.
Official website here: www.venicelions.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: Two-Star out of Four Star rating (Needs Improvement, 73%).
The Venice Lions Club Foundation Inc has received a two-star rating from Charity Navigator, indicating that the organization has room for improvement in certain areas of accountability and finance. While the organization demonstrates strengths such as a perfect score for independent board members and a high program expense ratio of 95.81%, which shows that a significant portion of its expenses directly support its programs, there are critical governance issues that need attention.
Notably, the organization lacks several key policies, including a conflict of interest policy, whistleblower policy, and document retention policy, which scored zero out of seven points each. Additionally, the foundation does not post its tax forms or board meeting minutes on its website, which raises concerns about transparency. While it has no material diversion of assets and a sound liabilities to assets ratio, the deficiencies in governance practices limit its overall rating and could affect public trust.
In summary, while the Venice Lions Club Foundation Inc excels in program spending and has a well-structured board, significant governance gaps hinder its accountability. Improving policies and transparency could enhance its rating and effectiveness in serving the community.
This AI summary has been generated from information found on Charity Navigator.
Is Venice Lions Club Foundation Inc legitimate?
Venice Lions Club Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Venice Lions Club 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.
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Official website here: www.venicelions.org
What is the mission statement of Venice Lions Club Foundation Inc?
The Venice Lions Club Foundation's mission revolves around providing humanitarian aid. It distributes grants to students, libraries, charitable organizations, and individuals residing in the broader Venice area. The primary focus of their work is achieved primarily through their grant program, aimed at supporting these causes extensively.
Official website here: www.venicelions.org
Who is the CEO of Venice Lions Club Foundation Inc?
Barbara Mcgillicuddy is the Director of Venice Lions Club Foundation Inc.
Official website here: www.venicelions.org
What is the revenue of Venice Lions Club Foundation Inc?
Venice Lions Club Foundation Inc's revenue in 2023 was $47,135.
Official website here: www.venicelions.org
Who are the executives of Venice Lions Club Foundation Inc and what are their salaries?
Here are 11 key members and their salaries:
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Official website here: www.venicelions.org
Where can I find the form 990 for Venice Lions Club Foundation Inc?
Venice Lions Club Foundation Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.venicelions.org
Learn more at the official website: www.venicelions.org
Mission Statement of Venice Lions Club Foundation Inc
The Venice Lions Club Foundation, a nonprofit organization, is dedicated to providing humanitarian grants. Its mission is centered around supporting students, libraries, charitable organizations, and individuals in need within the greater Venice area. The foundation primarily achieves this mission through its grant program, aiming to make a positive impact in various communities.
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Impact
August, 2024
The Venice Lions Club Foundation Inc's impact is significant in the greater Venice, FL area. Through its humanitarian grant program, the foundation provides support to students, libraries, charitable organizations, and individuals in need. This support contributes to community improvement and helps create a positive impact on the lives of those who benefit from the grants.
This information is meant to be a general summary of Venice Lions Club 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 2023.
- Investment Income: $24,833
- Gross Receipts: $61,498
Assets and Liabilities:
- Total Assets: $1,122,025
- Total Liabilities: $0
- Net Assets: $1,122,025
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Organization Details
Phone
(941) 412-5288Principal Officer
Barbara Mcgillicuddy
Main Address
1289 JACARANDA BLVD, VENICE, FL, 34292
Website
www.venicelions.orgNTEE Category
Code: S80Z - Community improvement
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