Overview
What is Ls Classic Foundation?
The Ls Classic Foundation, headquartered in Austin, Texas, is a dedicated nonprofit organization with a mission to combat Spinal Cord Paralysis (SCP). They achieve this mission through a three-pronged approach: funding medical research to discover a cure, providing resources for individuals' recovery, and fostering recreational activities. The foundation supports physical therapy for those injured and equips recovery centers with necessary equipment. Additionally, they have established an adaptive sports program for individuals with Spinal Cord Injuries (SCI). With a modest workforce of 4 individuals, the Ls Classic Foundation works tirelessly to advance progress in the field of SCP.
Official website here: www.lonestarparalysis.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 69%, earning a Two-Star out of Four Star rating. The rating reflects the foundation's commitment to organizational governance and financial health, particularly highlighting a strong independent board with 93% of its members being independent, and no material diversion of assets. Additionally, the program expense ratio is commendable at 71.77%, indicating a significant portion of funds is directed towards programs rather than administrative costs.
However, the Ls Classic Foundation has notable weaknesses in its accountability practices. The absence of a conflict of interest policy, whistleblower policy, and document retention and destruction policy has contributed to its lower overall score. These deficiencies could raise concerns about transparency and governance, potentially affecting stakeholder trust.
Overall, while the Ls Classic Foundation demonstrates financial responsibility and effective program spending, the lack of critical governance policies highlights areas that require improvement to enhance its accountability and foster greater trust among donors and beneficiaries.
This AI summary has been generated from information found on Charity Navigator.
Is Ls Classic Foundation legitimate?
Ls Classic Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Ls Classic Foundation 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: $169,653
For more financial information, click here
Official website here: www.lonestarparalysis.org
What is the mission statement of Ls Classic Foundation?
The Ls Classic Foundation's mission is centered around curing Spinal Cord Paralysis (SCP). They accomplish this through a three-pronged approach: funding medical research to discover a cure, raising funds for physical therapy and equipment for those affected to aid in their recovery, and providing an adaptive sports program for individuals with SCP to foster recreation and wellbeing.
Official website here: www.lonestarparalysis.org
Who is the CEO of Ls Classic Foundation?
L Douglas English is the President of Ls Classic Foundation.
Official website here: www.lonestarparalysis.org
What is the revenue of Ls Classic Foundation?
Ls Classic Foundation's revenue in 2022 was $1,156,506.
Official website here: www.lonestarparalysis.org
Who are the executives of Ls Classic Foundation and what are their salaries?
The average compensation at Ls Classic Foundation during 2022 was $42,413. There are 4 employees at Ls Classic Foundation.
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Official website here: www.lonestarparalysis.org
Where can I find the form 990 for Ls Classic Foundation?
Ls Classic Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.lonestarparalysis.org
Learn more at the official website: www.lonestarparalysis.org
Mission Statement of Ls Classic Foundation
Ls Classic Foundation, a dedicated organization, aims to eradicate Spinal Cord Paralysis (SCP) through a three-pronged strategy: research, recovery, and recreation, collectively referred to as the "Three R's." In pursuit of a cure, the foundation raises funds to support medical research. Beyond cure-seeking initiatives, the organization also extends its support to individuals affected by SCP. Through fundraising efforts, Ls Classic Foundation provides financial assistance for physical therapy and procures necessary equipment for recovery centers. Furthermore, recognizing the importance of physical and emotional well-being, the foundation has established an adaptive sports program specifically designed for individuals living with SCP, fostering opportunities for recreation and social engagement.
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Impact
July, 2024
Ls Classic Foundation has made a significant impact in the fight against spinal cord paralysis by funding crucial research, supporting recovery efforts through physical therapy and equipment provision, and creating an adaptive sports program. This holistic approach addresses the needs of those affected by spinal cord injuries, offering hope and opportunities for individuals to enhance their quality of life. Their dedication to the "Three R's" - Research, Recovery, and Recreation - exemplifies their commitment to finding a cure and improving the well-being of individuals living with spinal cord paralysis.
This information is meant to be a general summary of Ls Classic Foundation. 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: $4,799
- Gross Receipts: $1,586,701
Assets and Liabilities:
- Total Assets: $1,036,001
- Total Liabilities: $6,102
- Net Assets: $1,029,899
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Organization Details
Founding Year
2000
Phone
(512) 828-5625Principal Officer
L Douglas English
Main Address
3404 OXEN CT, AUSTIN, TX, 78732
Website
www.lonestarparalysis.orgNTEE Category
Code: T20 - Philanthropy
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