Overview
What is Mountain Lake Community Service Inc?
Mountain Lake Community Service Inc, based in Lake Wales, Florida, functions as a nonprofit organization. Its primary mission is to support local charities by providing them with financial grants. The selection of these charities is meticulously done by a committee that evaluates the organization's charitable or educational purpose, its history, effectiveness, and the specific project for which funds are required. Once a grant is awarded, the organization maintains regular contact with the recipient to ensure the funds are utilized for their intended charitable purposes. The corporation keeps records to verify this. Overall, Mountain Lake Community Service Inc serves as a significant contributor to the charitable sector in its local community.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 94% (Four-Star out of Four Stars)
Mountain Lake Community Service Inc has received a Four-Star rating from Charity Navigator, reflecting its strong performance in accountability and finance. With an impressive overall score of 94%, the organization demonstrates a commitment to transparency and responsible financial management, as indicated by its perfect scores in several key areas, including independent board composition and the absence of any material diversion of assets.
The nonprofit has a fully independent board of directors, which is crucial for governance and decision-making integrity. Additionally, its high program expense ratio of 99.33% suggests that nearly all of its expenditures are directed toward its mission-driven activities, maximizing the impact of donor contributions. The presence of comprehensive policies, such as conflict of interest and whistleblower protections, further underscores its commitment to ethical operations.
However, while Mountain Lake Community Service Inc excels in accountability and finance, the summary does not provide insights into its programmatic effectiveness or community impact. This limitation may be relevant for potential donors and stakeholders who seek a more holistic evaluation of the organization's overall performance and outcomes.
This AI summary has been generated from information found on Charity Navigator.
Is Mountain Lake Community Service Inc legitimate?
Mountain Lake Community Service Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Mountain Lake Community Service 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:
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What is the mission statement of Mountain Lake Community Service Inc?
Mountain Lake Community Service Inc's mission is centered around supporting local charities. To accomplish this, the organization provides grants to these charities, enabling them to carry out their charitable activities effectively. The grant selection process involves an in-depth evaluation of the recipient organization's operations, charitable purpose, history, and the specific project for which funds are required. Once a grant is made, Mountain Lake Community Service Inc maintains contact with the recipient and keeps records to ensure the funds are used for their intended charitable purposes.
Who is the CEO of Mountain Lake Community Service Inc?
Christine K Malmgren is the Principal Officer of Mountain Lake Community Service Inc.
What is the revenue of Mountain Lake Community Service Inc?
Mountain Lake Community Service Inc's revenue in 2022 was $541,654.
Who are the executives of Mountain Lake Community Service Inc and what are their salaries?
There 13 volunteers at Mountain Lake Community Service Inc.
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Where can I find the form 990 for Mountain Lake Community Service Inc?
Mountain Lake Community Service Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Mountain Lake Community Service Inc
Mountain Lake Community Service Inc is committed to supporting local charities by offering financial grants. This nonprofit organization carries out this mission by conducting thorough investigations and evaluations of prospective recipients. The selection committee examines each charity's operational history, charitable or educational purpose, and the effectiveness of its work. Once a grant is awarded, Mountain Lake Community Service Inc maintains a close relationship with the recipient, ensuring that the funds are utilized for their intended charitable purposes. The corporation keeps detailed records to verify this. In essence, Mountain Lake Community Service Inc serves as a vital source of financial support for local charities, enabling them to carry out their charitable activities effectively.
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Impact
July, 2024
Mountain Lake Community Service Inc's impact is significant in supporting local charities in Lake Wales, FL. Through grants provided to selected organizations, they are able to carry out their charitable activities effectively. The funding is strategically allocated based on thorough inquiries and examinations by a dedicated selection committee, ensuring that the recipient organizations align with the mission and goals of Mountain Lake Community Service Inc. By maintaining regular contact with the recipients and monitoring the use of funds, this organization plays a crucial role in enhancing the impact of philanthropy in the community.
This information is meant to be a general summary of Mountain Lake Community Service 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: -$120
- Gross Receipts: $541,654
Assets and Liabilities:
- Total Assets: $485,219
- Total Liabilities: $2,670
- Net Assets: $482,549
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Organization Details
Founding Year
1987
Phone
(630) 561-3935Principal Officer
Christine K Malmgren
Main Address
PO Box 832, Lake Wales, FL, 33859
NTEE Category
Code: T00 - Philanthropy
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