Overview
What is The L-Fund?
The L-Fund is a nonprofit organization situated in Palm Springs, California. Its primary mission is to uplift Lesbians and Trans-Lesbians by offering various forms of aid during financial crises. Additionally, they provide education grants, foster health and wellness programs, and support artistic endeavors through grants. This organization's core objective is to empower these communities in multiple aspects of their lives, including daily living, housing, and transportation.
Official website here: www.l-fund.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 53%, One-Star out of Four Stars
The L-Fund has received a 53% rating from Charity Navigator, indicating significant concerns regarding its accountability and financial practices. While the organization benefits from a fully independent board and has no material diversion of assets, it lacks essential policies, including a conflict of interest policy, whistleblower policy, and document retention guidelines. These shortcomings have contributed to its low overall score.
Despite a relatively strong liabilities-to-assets ratio and a high percentage of independent board members, the program expense ratio is notably low at 54.04%. This suggests that less than half of its expenditures are directed towards its programs, raising questions about the effectiveness and impact of its financial management. Furthermore, the absence of board meeting minutes raises transparency concerns.
Overall, while The L-Fund demonstrates strengths in governance with fully independent board members, the lack of critical policies and a low program expense ratio may hinder its ability to effectively serve its mission and maintain donor trust.
This AI summary has been generated from information found on Charity Navigator.
What do the Facebook reviews say about The L-Fund?
100% of reviewers on Facebook recommend The L-Fund, reflecting a strong positivity towards the organization. Here is a summary of their reviews:
Many reviewers express appreciation for the unique support that The L-Fund provides, highlighting its essential role in aiding the community. The organization appears to be seen as a vital lifeline for those in need in Southern California, with users emphasizing the impactful assistance that sets it apart from others.
Overall, the sentiment is overwhelmingly favorable, with individuals feeling grateful for the services and support offered. It seems The L-Fund truly resonates with its audience, making a significant difference in the lives of those it serves.
This AI summary has been generated from reviews found on Facebook.
Is The L-Fund legitimate?
The L-Fund is a legitimate nonprofit organization registered as a 501(c)(3) entity. The L-Fund 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: $0
For more financial information, click here
Official website here: www.l-fund.org
What is the mission statement of The L-Fund?
The L-Fund's mission is centered around empowering Lesbians and Trans-Lesbians. This is achieved through various means, including providing financial assistance during crises, offering education grants, organizing health and wellness programs, and granting funds for artistic pursuits. The organization's mission is to support these individuals in their daily lives, housing needs, and transportation, aiming to uplift them in all aspects.
Official website here: www.l-fund.org
Who is the CEO of The L-Fund?
Gwen Kibbe is the Treasurer of The L-Fund.
Official website here: www.l-fund.org
What is the revenue of The L-Fund?
The L-Fund's revenue in 2022 was $73,873.
Official website here: www.l-fund.org
Who are the executives of The L-Fund and what are their salaries?
Here are 4 key members and their salaries:
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- Related: $0
- Other: $0
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- Other: $0
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- Other: $0
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- Other: $0
Official website here: www.l-fund.org
Where can I find the form 990 for The L-Fund?
The L-Fund's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.l-fund.org
Learn more at the official website: www.l-fund.org
Mission Statement of The L-Fund
The L-Fund, a notable nonprofit organization, is dedicated to empowering Lesbians and Trans-Lesbians. Its mission encompasses providing financial aid during crises, granting funds for educational pursuits, and supporting health and wellness programs. Additionally, The L-Fund offers grants for artistic endeavors. This holistic approach aims to uplift and strengthen the community by addressing various aspects of life, including daily living needs, housing, and transportation.
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Impact
August, 2024
The L-Fund empowers lesbians and trans-lesbians in Palm Springs, CA, by providing financial crisis assistance, education grants, health and wellness programs, and grants for the arts. Through its support in various areas such as art, health, education, daily living, housing, and vehicle assistance, The L-Fund has a significant impact on the lives of its recipients. By addressing critical needs and promoting empowerment, The L-Fund plays a crucial role in fostering the well-being and advancement of lesbians and trans-lesbians in the community.
This information is meant to be a general summary of The L-Fund. 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: $132,998
Assets and Liabilities:
- Total Assets: $361,370
- Total Liabilities: $0
- Net Assets: $361,370
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Organization Details
Founding Year
2016
Phone
(760) 304-8487Principal Officer
Gwen Kibbe
Main Address
P O Box 362, PALM SPRINGS, CA, 92263
Website
www.l-fund.orgNTEE Category
Code: P60 - Human services
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