Overview
What is Lolc Endowment?
Lolc Endowment is a nonprofit organization situated in Clovis, California, specifically at 420 Bullard Avenue 103. Their primary objective is to uplift and enhance their community. This includes supporting those in need, such as the less fortunate, distressed, or underprivileged individuals. The organization also works towards combating community deterioration and takes necessary steps to advance their community's welfare. In summary, Lolc Endowment aims to contribute positively to their community by addressing various social issues and providing relief to those in need.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 0 Stars
The Lolc Endowment has received a low rating of 10%, indicating significant concerns regarding its accountability and financial practices. With a zero-star rating, it highlights a lack of independent board members and several missing governance policies, which raises questions about its operational transparency and effectiveness in managing funds.
Key strengths noted include a perfect score for the material diversion of assets, suggesting that the organization has not misappropriated funds. However, the charity's financial health is concerning, with a program expense ratio of only 21.73%, indicating that a limited portion of its expenditures is directed toward its stated mission.
Overall, the lack of essential governance documents and policies, alongside a very low accountability score, suggests that the Lolc Endowment may not be effectively serving its community or adhering to best practices for nonprofit operations. Potential donors and stakeholders should carefully consider these factors before engaging with the organization.
This AI summary has been generated from information found on Charity Navigator.
Is Lolc Endowment legitimate?
Lolc Endowment is a legitimate nonprofit organization registered as a 501(c)(3) entity. Lolc Endowment 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.
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What is the mission statement of Lolc Endowment?
The Lolc Endowment is committed to bettering the community by addressing various societal issues. Their mission encompasses providing aid to the less fortunate, the distressed, and those underprivileged. Furthermore, they strive to combat community deterioration and engage in activities that further this purpose. In essence, the organization's goal is to enhance community well-being and improve living conditions for its residents.
Who is the CEO of Lolc Endowment?
Steve Shannon is the President of Lolc Endowment.
What is the revenue of Lolc Endowment?
Lolc Endowment's revenue in 2022 was $63,394.
Who are the executives of Lolc Endowment and what are their salaries?
Here are 8 key members and their salaries:
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Where can I find the form 990 for Lolc Endowment?
Lolc Endowment's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Lolc Endowment
Lolc Endowment, as stated in its mission description, is dedicated to enhancing and bettering the community. This encompasses various aspects, such as providing aid to those in need, including the poor, distressed, or underprivileged individuals. The organization also strives to combat community deterioration and takes on initiatives that are appropriate to further these objectives. In essence, Lolc Endowment is committed to improving its community's overall well-being and alleviating hardships faced by its most vulnerable members.
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Impact
August, 2024
Lolc Endowment's impact is significant in promoting and improving the community, specifically focusing on providing relief to the poor, distressed, and underprivileged individuals. They actively combat community deterioration and undertake various initiatives to advance their core mission. Through their efforts, Lolc Endowment plays a crucial role in enhancing the overall well-being and quality of life within the community they serve.
This information is meant to be a general summary of Lolc Endowment. 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: $63,394
- Gross Receipts: $63,394
Assets and Liabilities:
- Total Assets: $1,534,639
- Total Liabilities: $0
- Net Assets: $1,534,639
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Organization Details
Founding Year
2015
Phone
(559) 940-2358Principal Officer
Steve Shannon
Main Address
420 Bullard Avenue 103, Clovis, CA, 93612
NTEE Category
Code: S21 - Community improvement
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