Overview
What is Texas Lions Foundation Inc?
Texas Lions Foundation Inc, based in Lubbock, Texas, is a nonprofit organization with a primary mission to accumulate funds. These funds are intended for providing disaster assistance relief and necessary equipment when needed. The organization's activities are centered around this mission, with funds being distributed for various disaster relief projects and other initiatives.
Official website here: www.texaslions.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 56%, One-Star out of Four Star rating.
The Texas Lions Foundation Inc has received a low score of 56% which indicates significant room for improvement in terms of accountability and finance. The charity does not have any independent board members, which raises concerns about governance and oversight. While there are no issues with material diversion of assets, the absence of important policies such as conflict of interest, whistleblower, and document retention policies can pose risks to effective management.
On a positive note, the foundation demonstrates a strong program expense ratio of 70.58%, meaning that a good portion of its spending is directed towards its programs. Additionally, the organization has listed its website on the tax form, which is a standard practice for transparency. However, without independent oversight and necessary policies in place, the foundation's overall effectiveness and accountability may be compromised.
This AI summary has been generated from information found on Charity Navigator.
Is Texas Lions Foundation Inc legitimate?
Texas Lions Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Texas Lions 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: $17,500
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.texaslions.org
What is the mission statement of Texas Lions Foundation Inc?
The Texas Lions Foundation Inc's mission is centered around accumulating funds for the purpose of providing disaster assistance relief and equipment. This organization's primary objective is to utilize these funds for aiding communities in recovery from disasters and supporting various projects. The foundation has a history of distributing funds for disaster relief efforts, demonstrating its commitment to assisting communities in need.
Official website here: www.texaslions.org
Who is the CEO of Texas Lions Foundation Inc?
Mark Todd is the Chief Operation of Texas Lions Foundation Inc.
Official website here: www.texaslions.org
What is the revenue of Texas Lions Foundation Inc?
Texas Lions Foundation Inc's revenue in 2023 was $201,386.
Official website here: www.texaslions.org
Who are the executives of Texas Lions Foundation Inc and what are their salaries?
Here are 21 key members and their salaries:
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Official website here: www.texaslions.org
Where can I find the form 990 for Texas Lions Foundation Inc?
Texas Lions Foundation Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.texaslions.org
Learn more at the official website: www.texaslions.org
Mission Statement of Texas Lions Foundation Inc
Texas Lions Foundation Inc is dedicated to a noble mission. Their primary objective is to accumulate funds that will subsequently be utilized for providing disaster assistance relief and essential equipment. In simpler terms, this nonprofit organization works towards collecting resources that can be used to aid in disaster relief efforts and supply necessary equipment. These funds have been distributed for various disaster relief projects in the past.
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Impact
October, 2024
Texas Lions Foundation Inc makes a significant impact by accumulating funds that are essential for providing disaster assistance relief and necessary equipment. Based in Lubbock, Texas, the organization distributes these funds to support disaster relief efforts and other community projects, effectively enhancing the resilience of communities in times of crisis. Through their mission, they play a crucial role in improving the quality of life for those affected by disasters, ensuring that resources are available when they are most needed. Their commitment to community improvement drives meaningful change and support for individuals and families facing challenging circumstances.
This information is meant to be a general summary of Texas Lions 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: $109,177
- Gross Receipts: $696,309
Assets and Liabilities:
- Total Assets: $3,454,335
- Total Liabilities: $0
- Net Assets: $3,454,335
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Organization Details
Founding Year
1984
Phone
(806) 790-0579Principal Officer
Mark Todd
Main Address
5705 84TH STREET, LUBBOCK, TX, 79424
Website
www.texaslions.orgNTEE Category
Code: S80I - Community improvement
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