Overview
What is Lake Area United Way Inc?
Lake Area United Way Inc, situated in Muskogee, Oklahoma, serves as a vital community resource provider. With a focus on enhancing education, increasing income and financial stability, and improving health and wellness, they collaborate with local organizations to make a difference. Their mission is to unite people and resources, aiming to advance the health, education, and financial stability of their communities. With a small team of three dedicated individuals, Lake Area United Way Inc is committed to enriching the lives of their community members.
Official website here: www.lakeareaunitedway.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 78%, Three-Star out of Four Star rating.
Lake Area United Way Inc has received a solid Three-Star rating from Charity Navigator, reflecting a good level of accountability and finance management. The organization scored 90% in the Accountability & Finance category, showcasing strong governance with a majority of independent board members and effective management practices such as the implementation of a conflict of interest policy and regular documentation of board meeting minutes.
The organization also demonstrates a strong commitment to its programs, with a program expense ratio of 79.47%, indicating that a significant portion of its budget is directed towards its charitable activities. It has no reported material diversion of assets, which enhances its credibility and trustworthiness in financial management.
In the Culture & Community category, Lake Area United Way Inc scored 83%, indicating a positive work environment and community engagement. However, while the overall ratings are favorable, continuous improvement in areas related to equity strategies could further enhance the organization’s impact and community outreach efforts.
This AI summary has been generated from information found on Charity Navigator.
Is Lake Area United Way Inc legitimate?
Lake Area United Way Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Lake Area United Way 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: $111,424
For more financial information, click here
Official website here: www.lakeareaunitedway.org
What is the mission statement of Lake Area United Way Inc?
Lake Area United Way Inc's mission, stated in both their activity description and mission statement, is centered around bringing together people and resources to positively impact the health, education, and financial stability of communities. They actively work towards enhancing educational opportunities, increasing income and financial stability, and improving community health and wellness. By providing resources to community organizations, Lake Area United Way plays a significant role in driving positive change in these critical areas.
Official website here: www.lakeareaunitedway.org
What is the revenue of Lake Area United Way Inc?
Lake Area United Way Inc's revenue in 2023 was $465,178.
Official website here: www.lakeareaunitedway.org
Who are the executives of Lake Area United Way Inc and what are their salaries?
The average compensation at Lake Area United Way Inc during 2023 was $27,856. There are 4 employees at Lake Area United Way Inc.
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Official website here: www.lakeareaunitedway.org
Where can I find the form 990 for Lake Area United Way Inc?
Lake Area United Way Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.lakeareaunitedway.org
Learn more at the official website: www.lakeareaunitedway.org
Mission Statement of Lake Area United Way Inc
Lake Area United Way, as an organization, is dedicated to bringing together people and resources with the objective of enhancing the health, education, and financial stability of their communities. In simpler terms, Lake Area United Way unites individuals and resources to progressively improve the health, educational attainment, and financial well-being of the communities they serve. By providing resources to community organizations and initiatives, Lake Area United Way aims to foster a more sustainable and prosperous environment for all its members.
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Impact
July, 2024
Lake Area United Way Inc's impact is significant in advancing the health, education, and financial stability of communities in Muskogee, Oklahoma. By providing resources to community organizations with a focus on enhancing education, increasing incomes, and improving health and wellness, Lake Area United Way plays a crucial role in addressing key issues facing the community. Through its philanthropic efforts and mission of uniting people and resources, Lake Area United Way is making a positive difference in the lives of individuals and families in the region.
This information is meant to be a general summary of Lake Area United Way 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: $37,319
- Gross Receipts: $465,178
Assets and Liabilities:
- Total Assets: $1,235,641
- Total Liabilities: $48,544
- Net Assets: $1,187,097
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Organization Details
Principal Officer
Stephen Highers
Website
www.lakeareaunitedway.orgNTEE Category
Code: T70Z - Philanthropy
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