Overview
What is Green And Gold Foundation Of Lake Wales Inc?
Green and Gold Foundation of Lake Wales Inc is a nonprofit organization situated in Lake Wales, Florida. With a mission to improve the community, they focus on providing better social and health services, enhancing educational and recreational activities for youth, addressing affordable housing needs for the poor, elderly, and low-wage earners, and improving blighted conditions in the city and surrounding areas. Their mission is to educate, motivate, inspire, and prepare the youth and community for success, pride, self-esteem, and independence through financial assistance, character building, role modeling, educational programs, moral principles, and community projects. The foundation employs a team of eight individuals to carry out these endeavors.
Official website here: www.bstreetcommunitycenter.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 63% (Two-Star out of Four Star rating)
The Green And Gold Foundation Of Lake Wales Inc has received a 63% rating from Charity Navigator, indicating a Two-Star performance. This score reflects a moderate level of accountability and financial health, with particular strengths in program expense management, where 75.87% of its expenses directly support its programs.
However, the organization has notable weaknesses in governance, as it has no independent board members, impacting its accountability structure. Additionally, the absence of key policies such as a conflict of interest policy and a whistleblower policy raises concerns about its operational transparency and ethical management.
Despite these challenges, the foundation demonstrates strong financial stability, with a low liabilities to assets ratio of 0.32%, showcasing its ability to manage debts effectively. Overall, while the foundation does well in program expenditure, it needs to improve in governance practices to enhance its rating and foster greater trust among donors and stakeholders.
This AI summary has been generated from information found on Charity Navigator.
Is Green And Gold Foundation Of Lake Wales Inc legitimate?
Green And Gold Foundation Of Lake Wales Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Green And Gold Foundation Of Lake Wales 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: $25,375
For more financial information, click here
Official website here: www.bstreetcommunitycenter.org
What is the mission statement of Green And Gold Foundation Of Lake Wales Inc?
The Green and Gold Foundation of Lake Wales Inc's mission is centered around enhancing communities by providing improved social and health services, fostering educational and recreational activities for youth, aiding in obtaining affordable housing for the less fortunate, and addressing blighted conditions in the nearby area. The organization's members are committed to educating, motivating, inspiring, and preparing their community for success, pride, self-esteem, and independence. They accomplish these goals through financial assistance, character building, role modeling, educational programs, moral principles, and community clean-up and beautification projects.
Official website here: www.bstreetcommunitycenter.org
What is the revenue of Green And Gold Foundation Of Lake Wales Inc?
Green And Gold Foundation Of Lake Wales Inc's revenue in 2024 was $73,666.
Official website here: www.bstreetcommunitycenter.org
Who are the executives of Green And Gold Foundation Of Lake Wales Inc and what are their salaries?
The average compensation at Green And Gold Foundation Of Lake Wales Inc during 2024 was $3,625. There are 7 employees and 20 volunteers at Green And Gold Foundation Of Lake Wales Inc.
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Official website here: www.bstreetcommunitycenter.org
Where can I find the form 990 for Green And Gold Foundation Of Lake Wales Inc?
Green And Gold Foundation Of Lake Wales Inc's most recent form 990 was submitted in 2024 and can be accessed here.
Official website here: www.bstreetcommunitycenter.org
Learn more at the official website: www.bstreetcommunitycenter.org
Mission Statement of Green And Gold Foundation Of Lake Wales Inc
The Green and Gold Foundation of Lake Wales Inc is committed to enhancing its community by providing better social and health services, improving educational and recreational activities for its youth, and assisting in obtaining affordable housing for the poor, elderly, and low-wage earners. This nonprofit organization strives to succeed in these endeavors through financial assistance, building character and self-esteem, role modeling, educational programs, moral principles, cleaning, beautifying, and building the community.
The mission of the Green and Gold Foundation of Lake Wales Inc can be paraphrased as their dedication to uplifting their community by offering essential services, fostering opportunities for youth development, and advocating for affordable housing solutions for less fortunate individuals. The organization's approach involves a multifaceted strategy, combining financial aid, character development, role models, educational initiatives, and community improvement projects to promote a higher standard of success, pride, self-esteem, and independence among its community members.
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Impact
August, 2024
The Green And Gold Foundation Of Lake Wales Inc is dedicated to enhancing the Lake Wales community by providing better social and health services, improving educational and recreational activities for youth, helping obtain affordable housing for the underserved populations, and working towards improving blighted conditions in the city and surrounding areas. Their mission emphasizes educating, motivating, inspiring, and preparing the youth and community for a higher standard of success, pride, self-esteem, and independence. Through financial assistance, character-building, role modeling, educational programs, moral principles, and community beautification efforts, the foundation is making a tangible impact on the lives of individuals in Lake Wales.
This information is meant to be a general summary of Green And Gold Foundation Of Lake Wales 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 2024.
- Investment Income: $6
- Program Service Revenue: $18,300
- Gross Receipts: $73,666
Assets and Liabilities:
- Total Assets: $416,806
- Total Liabilities: $1,451
- Net Assets: $415,355
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
GRANT RESTRICTED (SUMM. SCH)
Revenue
$15,000
CONTRIBUTIONS SUMMER PROG 202
Revenue
$2,400
CONTRIBUTIONS SUMMER PROG 202
Revenue
$900
Organization Details
Founding Year
2001
Principal Officer
Clinton Horne
NTEE Category
Code: P40 - Human services
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