Overview
What is Linacre Inc?
Linacre Inc, based in Magnolia, Texas, is a nonprofit organization with a focus on supporting other relief and development organizations. Established with a team of just two dedicated individuals, their mission involves providing aid to not-for-profit entities working towards societal betterment and development. By offering their resources and expertise, Linacre Inc aims to strengthen the collective impact of these organizations, ultimately contributing to more substantial changes in various communities.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 75% (Three-Star out of Four Stars)
Linacre Inc has earned a three-star rating from Charity Navigator, reflecting a solid performance primarily in the area of Accountability & Finance, which comprises their entire score. With a strong program expense ratio of 81.44% and an efficient fundraising ratio of $0.05, the organization demonstrates a commitment to effectively utilizing its resources for its mission.
Strengths of Linacre Inc include a fully independent board in terms of majority representation, and it has shown diligence in financial practices, such as documenting board meeting minutes and distributing tax forms to board members prior to filing. The absence of material diversion of assets further underscores its financial integrity.
However, there are areas for improvement, particularly in board composition, as the organization has only two independent members. Additionally, the financial statements audit score could be enhanced, indicating a potential for greater transparency and accountability. Overall, while Linacre Inc displays commendable financial health, addressing the noted limitations could strengthen its governance and operational effectiveness.
This AI summary has been generated from information found on Charity Navigator.
Is Linacre Inc legitimate?
Linacre Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Linacre 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: $12,388
For more financial information, click here
What is the mission statement of Linacre Inc?
Linacre Inc, as a not-for-profit organization, is committed to supporting other relief and development organizations. Their mission is centered around providing assistance to these organizations, aiming to strengthen their capacity and impact in various humanitarian endeavors. By offering this support, Linacre Inc contributes to the broader goal of enhancing the well-being and development of communities worldwide. Their activities are focused on empowering these organizations, enabling them to deliver more effective relief and development services.
Who is the CEO of Linacre Inc?
James Clark is the President of Linacre Inc.
What is the revenue of Linacre Inc?
Linacre Inc's revenue in 2022 was $2,268,727.
Who are the executives of Linacre Inc and what are their salaries?
The average compensation at Linacre Inc during 2022 was $6,194. There are 2 employees at Linacre 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 Linacre Inc?
Linacre Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Linacre Inc
Linacre Inc, a not-for-profit organization, is dedicated to supporting other relief and development organizations. Its primary mission is to provide assistance to these organizations, aiming to strengthen their capabilities and contribute to their collective efforts in addressing various societal issues. Linacre Inc's role is to offer its support in a manner that enhances the overall effectiveness of these relief and development organizations, ultimately leading to a more substantial impact on the communities they serve.
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Impact
July, 2024
Linacre Inc's impact is significant as it provides vital support to numerous not-for-profit relief and development organizations. Through its efforts, Linacre Inc plays a crucial role in strengthening the capacity and effectiveness of these organizations, ultimately enhancing their ability to address pressing social issues on both local and international levels. Additionally, by focusing on supporting other non-profits, Linacre Inc contributes to fostering collaboration and synergy within the philanthropic sector, leading to a more coordinated and impactful approach to addressing global challenges.
This information is meant to be a general summary of Linacre 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: $14,727
- Gross Receipts: $2,268,727
Assets and Liabilities:
- Total Assets: $1,257,418
- Total Liabilities: $101,544
- Net Assets: $1,155,874
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Organization Details
Founding Year
2005
Phone
(713) 906-3750Principal Officer
James Clark
Main Address
15510 Wildwood Trace, Magnolia, TX, 77354
NTEE Category
Code: Q11 - International
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