Overview
What is Loblolly Community Foundation Inc?
Loblolly Community Foundation Inc, located in Hobe Sound, Florida, is a dedicated nonprofit organization with a mission to support the educational, health, and welfare needs of its local community in Hobe Sound and Martin County. By providing financial aid to charitable organizations, the foundation aims to address the pressing welfare concerns in these areas. Its primary objective is to contribute positively to the overall well-being of the community, working tirelessly to foster growth and improvement in various sectors.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 67% - Two-Star out of Four Stars
The Loblolly Community Foundation Inc has received a Two-Star rating from Charity Navigator, indicating a moderate level of performance. The organization's overall score reflects a solid accountability and finance rating of 67%. Notably, the foundation boasts a fully independent board with 100% of its 11 members being independent, which is a strong indicator of governance quality.
The foundation demonstrates commendable financial management, highlighted by a program expense ratio of 99.23%. This suggests that the majority of its resources are being directed towards its mission-related activities rather than administrative costs. Additionally, there are no reported issues with material diversion of assets, which strengthens its transparency and accountability.
However, despite these positive aspects, the overall rating suggests that there may be areas for improvement in the foundation's operational effectiveness or transparency, given its mid-range score. Potential donors may want to consider these factors when evaluating their support for Loblolly Community Foundation Inc.
This AI summary has been generated from information found on Charity Navigator.
Is Loblolly Community Foundation Inc legitimate?
Loblolly Community Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Loblolly Community 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:
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What is the mission statement of Loblolly Community Foundation Inc?
The Loblolly Community Foundation Inc is committed to supporting the educational, health, and welfare needs of its community. It achieves this mission by providing financial assistance to charitable organizations that cater to the welfare needs of the Hobe Sound and Martin County community, located in Florida. By offering financial support, the foundation aims to enhance the quality of life for its community members. It serves its exempt purpose by contributing to organizations that focus on various aspects of community welfare, ensuring that the needs of its community are met.
Who is the CEO of Loblolly Community Foundation Inc?
John Peacock is the Chairman of Loblolly Community Foundation Inc.
What is the revenue of Loblolly Community Foundation Inc?
Loblolly Community Foundation Inc's revenue in 2022 was $955,209.
Who are the executives of Loblolly Community Foundation Inc and what are their salaries?
There 35 volunteers at Loblolly Community Foundation Inc.
Here are 10 key members and their salaries:
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Where can I find the form 990 for Loblolly Community Foundation Inc?
Loblolly Community Foundation Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Loblolly Community Foundation Inc
Loblolly Community Foundation Inc is committed to supporting the educational, health, and welfare needs of the community in Hobe Sound and Martin County. This nonprofit organization fulfills its mission by providing financial assistance to charitable organizations that cater to the welfare needs of the local population. By doing so, Loblolly Community Foundation Inc plays a significant role in enhancing the quality of life for the residents in these areas, ensuring that they have access to essential resources and services. The foundation's primary goal is to contribute to the overall well-being of the community, addressing critical needs in education, health, and social welfare.
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Impact
July, 2024
Loblolly Community Foundation Inc plays a crucial role in supporting the educational, health, and welfare needs of the Hobe Sound and Martin County community in Florida. Through providing financial support to charitable organizations in the area, the foundation actively contributes to enhancing the well-being of individuals and families in the community.
This information is meant to be a general summary of Loblolly Community 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 2022.
- Investment Income: $935
- Gross Receipts: $1,041,833
Assets and Liabilities:
- Total Assets: $2,133,160
- Total Liabilities: $818,035
- Net Assets: $1,315,125
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Organization Details
Founding Year
1998
Phone
(772) 545-2541Principal Officer
John Peacock
Main Address
7407 SE HILL TERRACE, HOBE SOUND, FL, 33455
NTEE Category
Code: T30 - Philanthropy
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