Overview
What is The Lifeline Foundation Inc?
The Lifeline Foundation Inc, situated in Somerset, Kentucky, is a compassionate nonprofit organization with a mission to support and assist foster care families within their community. By offering essential supplies, services, and resources, they aim to enhance the lives of these families in need. Furthermore, the foundation extends its reach to underprivileged communities by providing free medical supplies and food to families facing hardships. With a small team of dedicated individuals, The Lifeline Foundation Inc is committed to making a difference in the lives of vulnerable families.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 80% (Three-Star out of Four Star rating)
The Lifeline Foundation Inc has received a Three-Star rating with a score of 80%. This rating reflects a strong performance in accountability and finance, which is the sole criterion for their overall score. The organization demonstrates excellent governance practices, including a fully independent board consisting of three members and a robust conflict of interest policy.
Strengths of the organization include a perfect score in several categories, such as material diversion of assets and liabilities to assets ratio, indicating sound financial health with minimal liabilities. Additionally, all program expenses are accounted for in their budget, showcasing their commitment to prioritizing their mission over administrative costs.
While the organization has shown solid financial practices and governance, further insights into their programmatic impact and outreach efforts may provide a more comprehensive understanding of their effectiveness in fulfilling their mission. Overall, the Lifeline Foundation Inc appears to be a reliable nonprofit with strong accountability measures in place.
This AI summary has been generated from information found on Charity Navigator.
Is The Lifeline Foundation Inc legitimate?
The Lifeline Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Lifeline 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.
Heare are some key statistics you may want to consider:
Executive Compensation: $28,490
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
What is the mission statement of The Lifeline Foundation Inc?
The Lifeline Foundation Inc's mission is centered around offering assistance to foster care families within the community. They aim to provide necessary support, supplies, and services to these families in need. Additionally, the foundation extends its reach to impoverished families by offering them free medical supplies and food. Through their efforts, they aim to improve the well-being and living conditions of these families in the communities they serve.
Who is the CEO of The Lifeline Foundation Inc?
Phyllis Lawson is the President of The Lifeline Foundation Inc.
What is the revenue of The Lifeline Foundation Inc?
The Lifeline Foundation Inc's revenue in 2023 was $48,017.
Who are the executives of The Lifeline Foundation Inc and what are their salaries?
The average compensation at The Lifeline Foundation Inc during 2023 was $28,490. There is 1 employee at The Lifeline Foundation Inc.
Here are 3 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for The Lifeline Foundation Inc?
The Lifeline Foundation Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of The Lifeline Foundation Inc
The Lifeline Foundation Inc is committed to providing assistance and support to families who are caring for foster children within their community. The organization's primary mission is twofold: firstly, it aims to offer essential supplies and services to these foster care families; secondly, it seeks to provide free medical supplies and food to needy families residing in the communities it serves. By extending its aid to these families, The Lifeline Foundation Inc plays a vital role in bolstering the organizations that work tirelessly to support foster care families. Furthermore, by offering free medical supplies and food, the foundation addresses the basic needs of underprivileged families, thereby contributing to the overall well-being of the communities it serves.
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Impact
August, 2024
The Lifeline Foundation Inc has made a significant impact by providing essential support, supplies, and services to foster care families in the community. Additionally, they offer free medical supplies and food to needy families in the communities they serve. Through their mission, they enhance the well-being and stability of vulnerable populations, particularly foster care families and those facing financial hardships. Their dedication to supporting these families contributes to building stronger and more resilient communities.
This information is meant to be a general summary of The Lifeline 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: $4,550
- Gross Receipts: $49,837
Assets and Liabilities:
- Total Assets: $815,182
- Total Liabilities: $842
- Net Assets: $814,340
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Organization Details
Founding Year
1996
Principal Officer
Phyllis Lawson
Main Address
309 Park Avenue, Somerset, KY, 42503
NTEE Category
Code: E30 - Health
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