Overview
What is Laradon Foundation Inc?
Laradon Foundation Inc is a nonprofit organization situated in Denver, Colorado, with a primary goal of supporting Laradon Hall, a society dedicated to exceptional children and adults. They work collaboratively to further Laradon's charitable mission, managing an endowment to provide a steady source of revenue. The foundation makes grants to Laradon to support its programs and capital needs, and aids in their fundraising efforts and events. One such collaboration resulted in a joint capital campaign committee to fundraise for a new school facility, which has significantly contributed to Laradon's ability to continue and enhance its charitable mission. With a team of three dedicated individuals, Laradon Foundation Inc plays a vital role in supporting Laradon's mission.
Official website here: www.laradon.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 60%, Two-Star out of Four Star rating. This score reflects a focus on accountability and finance, with the organization earning a 60 in this area. The rating indicates that while the charity fulfills some accountability measures, there is significant room for improvement, particularly in its financial metrics.
Strengths of the Laradon Foundation include a fully independent board with a total of 12 members, all of whom are independent. Additionally, the organization has robust policies in place, including conflict of interest and whistleblower policies, alongside a commitment to transparency by posting necessary documents on their website. These elements contribute positively to the overall accountability of the organization.
However, the foundation struggles to demonstrate financial health, as indicated by its liabilities to assets ratio and program expense ratio, both scoring 0%. User feedback, such as a volunteer's review, highlights the positive impact of the programs and the appreciation expressed by participants. Overall, while the Laradon Foundation has strong governance, increased focus on financial operations is necessary for a higher rating and more effective service delivery.
This AI summary has been generated from information found on Charity Navigator and Great Nonprofits.
Is Laradon Foundation Inc legitimate?
Laradon Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Laradon 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:
Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.laradon.org
What is the mission statement of Laradon Foundation Inc?
The Laradon Foundation Inc's mission is centered around supporting Laradon Hall Society for Exceptional Children and Adults, a 501(c)(3) entity. The foundation's primary objective is to aid Laradon in its charitable mission through various activities. This includes managing an endowment to provide a steady income source, making grants to support Laradon's programs and capital needs, and assisting Laradon with its fundraising efforts and events. Notably, the foundation and Laradon have collaborated on a joint capital campaign committee to raise funds for a new school facility, which has been instrumental in continuing and improving Laradon's charitable mission.
Official website here: www.laradon.org
Who is the CEO of Laradon Foundation Inc?
Corey Kala is the Ceo of Laradon Foundation Inc. The CEO's salary of Laradon Foundation Inc is $0 and their total compensation is $222,619.
Official website here: www.laradon.org
What is the revenue of Laradon Foundation Inc?
Laradon Foundation Inc's revenue in 2023 was $8,227.
Official website here: www.laradon.org
Who are the executives of Laradon Foundation Inc and what are their salaries?
There are 3 employees and 12 volunteers at Laradon Foundation Inc.
Here are 15 key members and their salaries (Laradon Foundation Inc's CEO's salary is $0 and their total compensation is $222,619):
- Compensation: $0
- Related: $213,388
- Other: $9,231
- Compensation: $0
- Related: $138,630
- Other: $19,962
- Compensation: $0
- Related: $137,795
- Other: $5,933
- 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
- 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
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.laradon.org
Where can I find the form 990 for Laradon Foundation Inc?
Laradon Foundation Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.laradon.org
Learn more at the official website: www.laradon.org
Mission Statement of Laradon Foundation Inc
Laradon Foundation Inc, a 501(c)(3) tax-exempt entity, is dedicated to supporting Laradon Hall Society for Exceptional Children and Adults. The foundation's mission is to provide a stable source of revenue for Laradon through managing an endowment and making grants to support its programs and capital needs. By working closely with Laradon, the foundation assists in various activities to help accomplish Laradon's charitable mission. The foundation plays a significant role in Laradon's fundraising efforts and events, such as forming a joint capital campaign committee to raise funds for a new school facility. This campaign is crucial in enabling Laradon to continue and enhance its charitable mission. The Laradon Foundation Inc is actively contributing to the betterment of Laradon Hall Society for Exceptional Children and Adults, ensuring they can provide optimal care and support to those in need.
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Impact
October, 2024
Laradon Foundation Inc significantly enhances the lives of exceptional children and adults through its dedicated support of Laradon Hall. By managing an endowment, the foundation provides a stable revenue source, allowing Laradon to focus on its charitable mission. It plays a pivotal role in funding essential programs and addressing capital needs through grants. Notably, the foundation collaborates closely with Laradon on fundraising initiatives, exemplified by their joint capital campaign to secure resources for a new school facility. This campaign is crucial in enabling Laradon to expand and improve its services, ultimately fostering a more inclusive and supportive environment for individuals with exceptional needs in the Denver community. Through these efforts, Laradon Foundation Inc actively contributes to educational opportunities and enhanced quality of life for those it serves.
This information is meant to be a general summary of Laradon 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 2023.
- Investment Income: $6,189
- Gross Receipts: $2,120,683
Assets and Liabilities:
- Total Assets: $5,239,552
- Total Liabilities: $0
- Net Assets: $5,239,552
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Organization Details
Founding Year
1978
Phone
(303) 422-0650Principal Officer
Corey Kala
Main Address
5100 LINCOLN STREET, DENVER, CO, 80216
Website
www.laradon.orgNTEE Category
Code: B82I - Education
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