Overview
What is Lewis Memorial Inc?
Lewis Memorial Inc is a nonprofit organization located at 2905 Bowling Green Road, Franklin, Kentucky. With a dedicated workforce of 53 employees, their primary mission is to provide high-quality care and housing for elderly individuals. Their services encompass various aspects of daily living, including meals, housekeeping, linens, maintenance, utilities, recreational, and social activities. The organization's commitment extends to catering to the needs of 27 residents age 65 and above, ensuring they live in an environment that supports their well-being and promotes overall happiness.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 56% (One-Star out of Four Stars)
Lewis Memorial Inc has received a One-Star rating from Charity Navigator, reflecting its overall score of 56%. The low rating indicates significant concerns regarding its accountability and financial practices. The organization has a strong independent board, with 100% of its members being independent, which is a positive aspect in terms of governance. However, the absence of financial statements and several missing policies has negatively impacted its score.
The organization demonstrates strengths in program expense allocation, with a program expense ratio of 89.38%, suggesting that a substantial portion of its funds is directed toward its mission. However, the reported liabilities to assets ratio of 87.51% raises concerns about its financial stability. Furthermore, the lack of a whistleblower policy, document retention policy, and the absence of financial documents on its website are significant limitations noted in the data.
Overall, while Lewis Memorial Inc shows potential through its governance and program spending, the lack of transparency and missing financial documentation detracts from its credibility and may be a concern for potential donors or stakeholders looking for accountability in nonprofit operations.
This AI summary has been generated from information found on Charity Navigator.
Is Lewis Memorial Inc legitimate?
Lewis Memorial Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Lewis Memorial 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: $648,555
For more financial information, click here
What is the mission statement of Lewis Memorial Inc?
Lewis Memorial Inc, as an organization, is committed to delivering high-quality care and housing for elderly patients. Their primary objective is to provide personal care and assisted living services to individuals aged 65 and above. This encompasses the provision of meals, housekeeping, linen services, maintenance, utilities, and recreational and social activities. The facility at Lewis Memorial Inc aims to enhance the living experience of its residents by offering a comprehensive range of services, ensuring their comfort and well-being.
What is the revenue of Lewis Memorial Inc?
Lewis Memorial Inc's revenue in 2023 was $734,649.
Who are the executives of Lewis Memorial Inc and what are their salaries?
The average compensation at Lewis Memorial Inc during 2023 was $18,530. There are 35 employees and 20 volunteers at Lewis Memorial Inc.
Here are 16 key members and their salaries:
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Where can I find the form 990 for Lewis Memorial Inc?
Lewis Memorial Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of Lewis Memorial Inc
Lewis Memorial Inc, a nonprofit organization, is dedicated to delivering high-quality care and housing for elderly patients. Their primary mission is to cater to the personal needs of individuals aged 65 and above, ensuring they live in a comfortable and supportive environment. This care encompasses essential services such as meal preparation, housekeeping, linen management, maintenance, utility coverage, and a variety of recreational and social activities. These offerings are designed to promote the overall well-being and happiness of the residents, allowing them to lead fulfilling and enriching lives.
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Impact
July, 2024
Lewis Memorial Inc impacts the community by providing quality care and housing for elderly patients in Franklin, KY. The organization offers personal care, meals, housekeeping, recreational activities, and social engagement for residents aged 65 and older. Through their services, Lewis Memorial Inc enhances the well-being and quality of life for seniors in need of assistance and support.
This information is meant to be a general summary of Lewis Memorial 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: $110
- Program Service Revenue: $651,113
- Gross Receipts: $734,649
Assets and Liabilities:
- Total Assets: $7,017,429
- Total Liabilities: $5,508,587
- Net Assets: $1,508,842
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
PERSONAL CARE REVENUE
Revenue
$133,947
SENIOR HOUSING
Revenue
$34,621
ASSISTED LIVING
Revenue
$482,545
Organization Details
Founding Year
1983
Principal Officer
Wilson S Hall Chairman
NTEE Category
Code: P44Z - Human services
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