Overview
What is Lc Windmill Inc?
Lc Windmill Inc is a nonprofit organization based in Little Chute, Wisconsin, with a specific mission to construct and operate an authentic Dutch windmill for historical and cultural education. Their primary objective is to provide an educational resource that preserves and promotes Dutch heritage. With a team of nine dedicated individuals, the organization is actively fundraising to achieve this goal. The windmill, once completed, is anticipated to serve as an educational tool, contributing to the local community and beyond.
Official website here: www.littlechutewindmill.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: Two-Star out of Four Stars (65%)
Lc Windmill Inc has received a rating of "Needs Improvement" from Charity Navigator, indicating some concerns regarding its accountability and financial practices. The organization has a relatively solid foundation with 100% independent board members and no material diversion of assets reported. However, the overall score of 65% suggests that there are significant areas that require attention to enhance transparency and operational effectiveness.
Strengths of Lc Windmill Inc include its independent board structure and a low liabilities to assets ratio of 3.94%, reflecting a stable financial position. Additionally, the organization maintains adequate documentation of board meeting minutes and has listed its website on the tax form, showcasing some level of organizational compliance and transparency.
On the downside, the absence of key policies such as a conflict of interest policy, a whistleblower policy, and guidelines for document retention and destruction raises red flags about governance practices. Furthermore, the program expense ratio of 61.52% indicates that while some funds are utilized for its mission, there is still room for improvement in prioritizing programmatic spending relative to overall expenses. Addressing these limitations will be crucial for Lc Windmill Inc to achieve a higher level of trust and effectiveness in its operations.
This AI summary has been generated from information found on Charity Navigator.
Is Lc Windmill Inc legitimate?
Lc Windmill Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Lc Windmill 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: $12,990
For more financial information, click here
Official website here: www.littlechutewindmill.org
What is the mission statement of Lc Windmill Inc?
Lc Windmill Inc is committed to constructing and operating an authentic Dutch windmill for the purpose of historical and cultural education. Their mission is primarily focused on providing educational opportunities related to Dutch windmills, serving as a valuable resource for individuals seeking to learn more about this tradition. The organization is currently engaged in fundraising efforts to achieve its goal. By building and operating an authentic Dutch windmill, Lc Windmill Inc aims to contribute to a broader understanding and appreciation of Dutch culture.
Official website here: www.littlechutewindmill.org
Who is the CEO of Lc Windmill Inc?
Todd Vanderloop is the President of Lc Windmill Inc.
Official website here: www.littlechutewindmill.org
What is the revenue of Lc Windmill Inc?
Lc Windmill Inc's revenue in 2022 was $56,634.
Official website here: www.littlechutewindmill.org
Who are the executives of Lc Windmill Inc and what are their salaries?
The average compensation at Lc Windmill Inc during 2022 was $1,443. There are 9 employees and 20 volunteers at Lc Windmill Inc.
Here are 6 key members and their salaries:
- Compensation: $7,695
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.littlechutewindmill.org
Where can I find the form 990 for Lc Windmill Inc?
Lc Windmill Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.littlechutewindmill.org
Learn more at the official website: www.littlechutewindmill.org
Mission Statement of Lc Windmill Inc
Lc Windmill Inc, as a nonprofit organization, is dedicated to the construction and operation of an authentic Dutch windmill for the purpose of providing historical and cultural education. This mission is aimed at educating the public about the rich history and cultural significance of windmills, specifically those from the Netherlands. The organization is currently in the process of fundraising to reach its goal of constructing and operating such a windmill. By doing so, Lc Windmill Inc seeks to contribute to the preservation and promotion of this heritage, providing a unique and engaging educational experience for all who visit.
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Impact
August, 2024
Lc Windmill Inc's impact lies in the preservation and promotion of historic and cultural education through the construction and operation of an authentic Dutch windmill. By continuing to fundraise towards their goal, they are working towards creating a unique educational experience for community members and visitors. Their focus on arts and cultural heritage serves to enrich the local community and provide a tangible link to Dutch traditions.
This information is meant to be a general summary of Lc Windmill 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: $409
- Gross Receipts: $56,634
Assets and Liabilities:
- Total Assets: $4,313,090
- Total Liabilities: $168,189
- Net Assets: $4,144,901
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Organization Details
Founding Year
2002
Phone
(920) 788-2629Principal Officer
Todd Vanderloop
Main Address
130 W MAIN ST, LITTLE CHUTE, WI, 54140
Website
www.littlechutewindmill.orgNTEE Category
Code: A23 - Arts
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