Overview
What is The Ladies Of Charity - Lake Travis?
The Ladies Of Charity - Lake Travis is a nonprofit organization situated in Lakeway, Texas. Established with the purpose of honoring Saint Vincent de Paul and Saint Louise de Marillac, the organization strives to serve the less fortunate with humility, simplicity, and charity, emulating Christ as their guiding light. Their primary activity involves operating the Lake Travis Thrift Shop, where they accept, resell, and donate gently used items. The shop serves as a source of income, and the net profits are generously given to various organizations directly catering to the needs of the impoverished. This philanthropic endeavor allows the Ladies Of Charity - Lake Travis to contribute significantly to numerous organizations that provide essential services and financial aid to those in need.
Official website here: www.laketravisthrift.com
What are the reviews and ratings of this charity?
Charity Navigator Rating: Very Poor (Zero-Star out of Four Star Rating, 29%)
The Ladies Of Charity - Lake Travis has received a very poor rating from Charity Navigator, indicating significant concerns regarding its overall performance and accountability. The organization boasts a perfect score for Accountability & Finance, with 100% of its board members being independent. However, this is somewhat overshadowed by the lack of several critical policies and practices, including missing conflict of interest and whistleblower policies, which are essential for transparent governance.
While the organization has no reported material diversions of assets and does keep records of its board meeting minutes, its financial health raises alarms. The liabilities to assets ratio is 30.90%, suggesting potential financial strain, and the program expense ratio of 41.36% indicates that a large portion of its funds may not be directed towards its programs. The absence of financial statements on its website further complicates the trustworthiness of its operations.
In summary, despite some positive governance aspects, The Ladies Of Charity - Lake Travis faces substantial challenges in transparency and financial management. Prospective donors and volunteers should consider these limitations carefully before engaging with the organization.
This AI summary has been generated from information found on Charity Navigator.
Is The Ladies Of Charity - Lake Travis legitimate?
The Ladies Of Charity - Lake Travis is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Ladies Of Charity - Lake Travis 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: $99,158
For more financial information, click here
Official website here: www.laketravisthrift.com
What is the mission statement of The Ladies Of Charity - Lake Travis?
The Ladies of Charity - Lake Travis upholds the legacy of Saint Vincent de Paul and Saint Louise de Marillac by serving the less fortunate with humility, simplicity, and charity, emulating Christ as their guiding source and model. Their primary mission is to operate the Lake Travis Thrift Shop, which accepts, resells, and donates gently used items, generating proceeds that are subsequently given to organizations directly catering to the needs of the impoverished. These donations aid various initiatives providing services and financial aid to the less fortunate.
Official website here: www.laketravisthrift.com
Who is the CEO of The Ladies Of Charity - Lake Travis?
Ginger Mayronne is the President Elect of The Ladies Of Charity - Lake Travis.
Official website here: www.laketravisthrift.com
What is the revenue of The Ladies Of Charity - Lake Travis?
The Ladies Of Charity - Lake Travis's revenue in 2022 was $1,653,937.
Official website here: www.laketravisthrift.com
Who are the executives of The Ladies Of Charity - Lake Travis and what are their salaries?
The average compensation at The Ladies Of Charity - Lake Travis during 2022 was $16,526. There are 6 employees and 167 volunteers at The Ladies Of Charity - Lake Travis.
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Official website here: www.laketravisthrift.com
Where can I find the form 990 for The Ladies Of Charity - Lake Travis?
The Ladies Of Charity - Lake Travis's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.laketravisthrift.com
Learn more at the official website: www.laketravisthrift.com
Mission Statement of The Ladies Of Charity - Lake Travis
The Ladies of Charity - Lake Travis is a nonprofit organization that is deeply committed to honoring the legacy of Saint Vincent de Paul and Saint Louise de Marillac. This group's mission is to serve those in need with humility, simplicity, and charity, drawing inspiration from Christ as their guiding light and model. One of the primary ways they fulfill this mission is through the operation of the Lake Travis Thrift Shop.
At the Lake Travis Thrift Shop, the Ladies of Charity accept, resell, and donate gently used donated items. The proceeds generated from these sales are then distributed to various organizations that directly cater to the needs of the impoverished. By doing so, the Ladies of Charity - Lake Travis are able to extend their reach and contribute significantly to alleviating poverty in their community. Their mission is a testament to their dedication to serving others with compassion and respect, embodying the spirit of their patron saints.
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Impact
July, 2024
The Ladies Of Charity - Lake Travis has a significant impact in serving persons in need in the community. Through their thrift shop operations, they generate profits that are donated to numerous organizations providing services and financial aid to the poor. This direct contribution helps support those facing economic challenges and ensures that essential resources reach those who need them the most. Their dedication to upholding the legacy of St. Vincent de Paul and St. Louise de Marillac demonstrates a commitment to serving with humility, simplicity, and charity, making a tangible difference in the lives of individuals and families in need.
This information is meant to be a general summary of The Ladies Of Charity - Lake Travis. 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: $878
- Program Service Revenue: $1,900
- Gross Receipts: $3,264,449
Assets and Liabilities:
- Total Assets: $4,581,191
- Total Liabilities: $1,415,937
- Net Assets: $3,165,254
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
MEMBERSHIP DUES & ASSESSMENTS
Revenue
$1,900
Organization Details
Founding Year
1991
Phone
(512) 263-0314Principal Officer
Ginger Mayronne
Main Address
PO BOX 340026, LAKEWAY, TX, 78734
Website
www.laketravisthrift.comNTEE Category
Code: P20 - Human services
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