Overview
What is Lakehills Library & Community Association Inc?
Lakehills Library & Community Association Inc, situated in Lakehills, Texas, is a nonprofit organization with a mission to provide enriching literacy and educational experiences for community youth aged from birth to 18. Acting as a community hub, this association strives to develop, organize, improve, and provide a diverse range of literary, educational, recreational, social, charitable, and civic activities and programs. With a team of four dedicated individuals, they aim to cater to the needs of their local community and surrounding areas, ultimately fostering personal growth and development in young minds.
Official website here: www.lakehillslibrary.org/
What are the reviews and ratings of this charity?
Charity Navigator Rating: 54% (One-Star out of Four Stars)
The Lakehills Library & Community Association Inc has received a One-Star rating from Charity Navigator, indicating significant concerns regarding its accountability and financial performance. The overall score is derived entirely from its Accountability & Finance metrics, where it scored 54%. While the organization demonstrates solid governance indicators, such as having a majority of independent board members and policies in place for conflict of interest and whistleblower protections, it lacks in crucial areas that affect its financial health.
The financial assessment shows high liabilities relative to assets and a low program expense ratio of 21.31%, signaling that a minimal portion of its budget is allocated to programs. Additionally, the organization did not post required financial documents on its website, which contributed to its lower score. These limitations suggest that the organization may not be effectively utilizing its resources to fulfill its mission.
While the presence of good governance policies is a positive aspect, the significant deficiencies in financial transparency and program funding raise concerns about the overall effectiveness of the Lakehills Library & Community Association. Stakeholders and potential donors should weigh these factors carefully when considering support for the organization.
This AI summary has been generated from information found on Charity Navigator.
Is Lakehills Library & Community Association Inc legitimate?
Lakehills Library & Community Association Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Lakehills Library & Community Association 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: $75,880
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.lakehillslibrary.org/
What is the mission statement of Lakehills Library & Community Association Inc?
Lakehills Library & Community Association Inc serves as a hub, aiming to develop, organize, improve, and provide a variety of literary, literacy, educational, recreational, social, charitable, and civic activities for the local community and surrounding areas. Their mission is to foster an environment that caters to the needs of individuals through appropriate programs and accesses, ultimately enriching the community. The association provides literacy and educational experiences to the community's youth, from birth to 18, fostering lifelong learning and personal growth.
Official website here: www.lakehillslibrary.org/
Who is the CEO of Lakehills Library & Community Association Inc?
Deborah Reile is the President of Lakehills Library & Community Association Inc.
Official website here: www.lakehillslibrary.org/
What is the revenue of Lakehills Library & Community Association Inc?
Lakehills Library & Community Association Inc's revenue in 2022 was $163,850.
Official website here: www.lakehillslibrary.org/
Who are the executives of Lakehills Library & Community Association Inc and what are their salaries?
The average compensation at Lakehills Library & Community Association Inc during 2022 was $18,970. There are 4 employees and 12 volunteers at Lakehills Library & Community Association Inc.
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Official website here: www.lakehillslibrary.org/
Where can I find the form 990 for Lakehills Library & Community Association Inc?
Lakehills Library & Community Association Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.lakehillslibrary.org/
Learn more at the official website: www.lakehillslibrary.org/
Mission Statement of Lakehills Library & Community Association Inc
Lakehills Library & Community Association Inc is dedicated to serving as a hub for various activities and programs aimed at improving the local community and surrounding areas. Their mission is to develop, organize, improve, and provide literary, literacy, educational, recreational, social, charitable, and civic activities that are appropriate for the community's needs. This nonprofit organization strives to provide a wide range of opportunities for personal growth and community engagement, ensuring that everyone has access to these beneficial resources.
More specifically, Lakehills Library & Community Association Inc focuses on providing literacy and educational experiences for the community's youth, from birth to 18 years old. By offering these programs, the organization aims to foster a love of learning and literacy, empowering young individuals to reach their full potential. Through these activities, the community's youth can develop essential skills, broaden their horizons, and build strong foundations for their future.
In summary, Lakehills Library & Community Association Inc is committed to serving as a comprehensive resource for the local community and surrounding areas. Their mission is to offer a diverse range of activities, programs, and accesses that cater to various aspects of personal and community development, with a particular focus on literacy and education for young individuals. By providing these opportunities, the organization seeks to enrich the lives of its community members and help them grow both personally and collectively.
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Impact
October, 2024
Lakehills Library & Community Association Inc plays a pivotal role in enhancing the educational and recreational landscape of Lakehills, TX, and its surrounding areas. By serving as a central hub, it fosters literacy and educational experiences for youth aged birth to 18, empowering the next generation with essential skills and knowledge.
The organization actively develops and organizes a diverse array of activities and programs that cater to various interests within the community. These initiatives not only promote literacy and educational growth but also encourage social interactions and civic engagement, creating a vibrant and cohesive community environment. Through workshops, reading programs, and recreational activities, individuals of all ages can engage in meaningful experiences that enhance their quality of life.
Moreover, the association's commitment to charitable and civic activities underscores its role in promoting a culture of giving and service in the community. By providing access to resources and opportunities, it helps bridge gaps and fosters a sense of belonging among residents.
In essence, Lakehills Library & Community Association Inc significantly impacts the community by nurturing intellectual growth, cultivating social connections, and fostering a nurturing environment for youth and families alike.
This information is meant to be a general summary of Lakehills Library & Community Association 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.
- Gross Receipts: $163,850
Assets and Liabilities:
- Total Assets: $482,854
- Total Liabilities: $141
- Net Assets: $482,713
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Organization Details
Founding Year
1998
Principal Officer
Deborah Reile
Main Address
7200 FM 1283, LAKEHILLS, TX, 78063
Website
www.lakehillslibrary.org/NTEE Category
Code: B70 - Education
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