Overview
What is Lake Martin Area United Way?
Lake Martin Area United Way is a local nonprofit organization situated in Alexander City, Alabama. Their primary mission is to collect funds and distribute them to various nonprofit organizations within their surrounding areas. These supported organizations utilize the funds to provide diverse forms of assistance to individuals in need, thereby benefiting the local community. With a small team of two dedicated individuals, Lake Martin Area United Way plays a significant role in supporting and uplifting the local population.
Official website here: www.unitedwaylakemartin.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 73%, Two-Star out of Four Star rating.
The Lake Martin Area United Way has achieved a score of 73%, reflecting a moderate level of effectiveness in its accountability and financial management practices. The organization has a strong independent board structure, with 19 members and all positions filled by independent individuals. Additionally, it demonstrates responsible asset management with no material diversion of assets reported.
Despite these strengths, the rating indicates some areas for improvement, particularly concerning governance policies. The organization lacks a formal whistleblower policy and does not have a document retention and destruction policy in place, both of which are critical for ensuring transparency and accountability. While the program expense ratio is commendable at 77.44%, the absence of certain governance practices may raise concerns for potential donors about the organization's long-term sustainability and adherence to best practices.
This AI summary has been generated from information found on Charity Navigator.
What do the Facebook reviews say about Lake Martin Area United Way?
90% of reviewers on Facebook recommend Lake Martin Area United Way. Here is a summary of their reviews:
The consistent praise highlights the commendable work and dedication of the staff. Reviewers appreciate the organization's caring approach and its effectiveness in serving the community.
Overall, the sentiment is overwhelmingly positive, reflecting a strong trust from the community in the abilities and commitment of the Lake Martin Area United Way.
This AI summary has been generated from reviews found on Facebook.
Is Lake Martin Area United Way legitimate?
Lake Martin Area United Way is a legitimate nonprofit organization registered as a 501(c)(3) entity. Lake Martin Area United Way 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: $83,242
For more financial information, click here
Official website here: www.unitedwaylakemartin.org
What is the mission statement of Lake Martin Area United Way?
The Lake Martin Area United Way's mission is centered around raising contributions and dispersing funding to their supported organizations. This action is aimed at benefiting the local community. By doing so, they provide financial support to various nonprofit organizations in the surrounding areas. These organizations then utilize the funds to offer diverse types of assistance to individuals within the community. In essence, the Lake Martin Area United Way serves as a conduit for resources, enabling local nonprofits to make a significant impact in the lives of those in need.
Official website here: www.unitedwaylakemartin.org
Who is the CEO of Lake Martin Area United Way?
Abby Guy is the President of Lake Martin Area United Way.
Official website here: www.unitedwaylakemartin.org
What is the revenue of Lake Martin Area United Way?
Lake Martin Area United Way's revenue in 2022 was $583,053.
Official website here: www.unitedwaylakemartin.org
Who are the executives of Lake Martin Area United Way and what are their salaries?
The average compensation at Lake Martin Area United Way during 2022 was $41,621. There are 2 employees and 25 volunteers at Lake Martin Area United Way.
Here are 19 key members and their salaries:
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Official website here: www.unitedwaylakemartin.org
Where can I find the form 990 for Lake Martin Area United Way?
Lake Martin Area United Way's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.unitedwaylakemartin.org
Learn more at the official website: www.unitedwaylakemartin.org
Mission Statement of Lake Martin Area United Way
Lake Martin Area United Way, a charitable organization, raises funds and dispenses funding to its supported organizations to positively impact the local community. Their mission is to contribute financially to various nonprofit organizations in the surrounding areas, enabling them to provide diverse forms of aid to individuals within the community. Through the distribution of collected funds, these nonprofit organizations are able to offer essential services and support to those in need, thereby benefiting the local population as a whole.
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Impact
July, 2024
Lake Martin Area United Way's impact can be seen in the support and funding they provide to organizations in the surrounding areas. By raising contributions and distributing funds to their supported organizations, they directly benefit individuals in the community by providing various types of assistance. Their efforts have led to the distribution of money collected to impactful organizations that work towards improving the lives of residents in the area. Through their philanthropic mission, Lake Martin Area United Way plays a crucial role in uplifting and supporting the local community.
This information is meant to be a general summary of Lake Martin Area United Way. 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: $50,586
- Program Service Revenue: $17,290
- Gross Receipts: $677,825
Assets and Liabilities:
- Total Assets: $1,852,228
- Total Liabilities: $86,363
- Net Assets: $1,765,865
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL - SUPPORTED ORGANIZATI
Revenue
$17,290
Organization Details
Founding Year
1984
Phone
(256) 329-3600Principal Officer
Abby Guy
Main Address
P O BOX 876, ALEXANDER CITY, AL, 350110876
Website
www.unitedwaylakemartin.orgNTEE Category
Code: T00 - Philanthropy
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