Overview
What is Lighthouse Family Network Inc?
Lighthouse Family Network Inc is a nonprofit organization, primarily focused on residential and child placing agency services. They work in collaboration with the Texas department of protective and regulatory services, providing both fundamental and therapeutic foster care services. This organization's mission is to support families and children in need, offering a safe and nurturing environment through their residential and placement programs.
Official website here: www.lfnetwork.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 92%, Four-Star out of Four Star rating.
Lighthouse Family Network Inc has received a commendable score of 92%, indicating a strong performance in accountability and finance. This rating is significant as it reflects the organization’s commitment to transparency and responsible management of resources. The charity earned full points in several key areas, including independent board membership and program expense ratio, demonstrating a solid governance structure and effective allocation of funds towards its mission.
The organization maintains an entirely independent board, which enhances its accountability, and has implemented comprehensive financial oversight measures. However, it is notable that the charity lacks a whistleblower policy, which could be an area for improvement. Despite this limitation, the overall financial health of the organization appears robust, with a low liabilities-to-assets ratio and complete program expenses directed towards its initiatives.
In summary, Lighthouse Family Network Inc stands out for its high accountability standards and effective management practices, reflected in its Four-Star rating from Charity Navigator. Stakeholders and potential donors can feel confident in the organization’s financial integrity, although addressing the gap in its whistleblower policy may further strengthen its governance framework.
This AI summary has been generated from information found on Charity Navigator.
Is Lighthouse Family Network Inc legitimate?
Lighthouse Family Network Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Lighthouse Family Network 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: $125,313
Professional Fundraising Fees: $0
Other Salaries and Wages: $128,123
For more financial information, click here
Official website here: www.lfnetwork.org
What is the mission statement of Lighthouse Family Network Inc?
Lighthouse Family Network Inc, as a residential and child placing agency, is committed to providing both basic and therapeutic foster care services. This is carried out through an agreement with the Texas department of protective and regulatory services. The organization's mission is focused on offering a supportive environment and necessary care services for children in need, aiming to enhance their well-being and development. Lighthouse Family Network Inc's activities are centered around ensuring the best possible living conditions and emotional support for the children under its care.
Official website here: www.lfnetwork.org
Who is the CEO of Lighthouse Family Network Inc?
Dwayne Lambert is the Program Director of Lighthouse Family Network Inc.
Official website here: www.lfnetwork.org
What is the revenue of Lighthouse Family Network Inc?
Lighthouse Family Network Inc's revenue in 2022 was $832,496.
Official website here: www.lfnetwork.org
Who are the executives of Lighthouse Family Network Inc and what are their salaries?
The average compensation at Lighthouse Family Network Inc during 2022 was $50,687. There are 5 employees at Lighthouse Family Network Inc.
Here are 2 key members and their salaries:
- Compensation: $79,891
- Related: $0
- Other: $0
- Compensation: $45,422
- Related: $0
- Other: $0
Official website here: www.lfnetwork.org
Where can I find the form 990 for Lighthouse Family Network Inc?
Lighthouse Family Network Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.lfnetwork.org
Learn more at the official website: www.lfnetwork.org
Mission Statement of Lighthouse Family Network Inc
Lighthouse Family Network, a respected organization, is dedicated to providing residential and child placing agency services. Through an agreement with the Texas department of protective and regulatory services, they offer both basic and therapeutic foster care services. This nonprofit's mission is to support families and children in need, offering a safe and nurturing environment for those in their care. By providing these services, Lighthouse Family Network plays a crucial role in the lives of vulnerable children, helping them navigate complex situations and providing a stable foundation for their future.
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Impact
July, 2024
Lighthouse Family Network Inc's impact lies in providing crucial residential and child placing agency services to vulnerable children in Texas. Through its basic and therapeutic foster care services, the organization plays a pivotal role in ensuring the well-being and safety of children in need. By partnering with the Texas Department of Protective and Regulatory Services, Lighthouse Family Network is able to offer a supportive and nurturing environment for these children, helping them to thrive and reach their full potential. This dedicated effort reflects the organization's commitment to serving the community and making a positive difference in the lives of those they support.
This information is meant to be a general summary of Lighthouse Family Network 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.
- Program Service Revenue: $828,996
- Gross Receipts: $832,496
Assets and Liabilities:
- Total Assets: $198,063
- Total Liabilities: $43,851
- Net Assets: $154,212
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Organization Details
Founding Year
1995
Phone
(254) 947-3152Principal Officer
Dwayne Lambert
Main Address
POB 1164, SALADO, TX, 765711164
Website
www.lfnetwork.orgNTEE Category
Code: P32 - Human services
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