Overview
What is Lodestar Childrens Services Inc?
Lodestar Children's Services Inc, based in Bohemia, New York, is a nonprofit organization with a focus on supporting youth aged 0 to 21 who grapple with mental health challenges. Operating in both home and community settings, their mission is to empower these children and their families by equipping them with the essential tools needed to strengthen their own support systems. This empowerment is tailored to each family's unique perspective and needs. With a dedicated workforce of 124 individuals, Lodestar offers a variety of rehabilitative, supportive, and clinical services to help these young individuals and their families navigate and overcome their challenges.
Official website here: www.lodestarcs.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 94%, Four-Star out of Four Star rating.
Lodestar Children's Services Inc has achieved a high rating of 94%, indicating a strong performance in accountability and finance. This score reflects the organization's commitment to transparency and responsible management of resources, which is critical for donor trust and engagement. The charity has a well-structured governance model, with 83% of its board members being independent, thereby ensuring effective oversight.
Financial indicators are robust, with a program expense ratio of 80.73%, suggesting that a significant portion of its funds is directed toward its mission-related activities. The organization also demonstrates solid financial health, having a liabilities to assets ratio of 41.16%, signifying a manageable level of debt relative to its assets. Various policies, including conflict of interest and whistleblower protections, are in place, contributing to its commendable accountability framework.
While the data does not highlight specific limitations, the organization has room for continued growth in other operational metrics that could further enhance its overall impact. Maintaining its strong governance and financial practices will be essential as it moves forward.
This AI summary has been generated from information found on Charity Navigator.
Is Lodestar Childrens Services Inc legitimate?
Lodestar Childrens Services Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Lodestar Childrens Services 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: $227,000
Professional Fundraising Fees: $0
Other Salaries and Wages: $1,259,646
For more financial information, click here
Official website here: www.lodestarcs.org
What is the mission statement of Lodestar Childrens Services Inc?
Lodestar Children's Services Inc's mission is centered around empowering children and their families. The organization aims to equip them with the necessary tools to develop and enhance their own support system, tailored to their unique needs and perspectives. This is achieved through the provision of a range of rehabilitative, supportive, and clinical services, which are delivered in both home and community settings, for youth with mental health challenges, aged between 0 and 21.
Official website here: www.lodestarcs.org
What is the revenue of Lodestar Childrens Services Inc?
Lodestar Childrens Services Inc's revenue in 2023 was $2,233,310.
Official website here: www.lodestarcs.org
Who are the executives of Lodestar Childrens Services Inc and what are their salaries?
The average compensation at Lodestar Childrens Services Inc during 2023 was $10,183. There are 146 employees and 33 volunteers at Lodestar Childrens Services Inc.
Here are 6 key members and their salaries:
- Compensation: $227,160
- Related: $0
- Other: $812
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.lodestarcs.org
Where can I find the form 990 for Lodestar Childrens Services Inc?
Lodestar Childrens Services Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.lodestarcs.org
Learn more at the official website: www.lodestarcs.org
Mission Statement of Lodestar Childrens Services Inc
Lodestar Children's Services Inc is committed to empowering children and families by offering them the essential resources necessary to develop and enhance their own system for addressing their needs, as they perceive and define them. The organization's mission is focused on providing tools that enable children and families to improve their self-sufficient support system.
In carrying out this mission, Lodestar Children's Services Inc offers a range of rehabilitative, supportive, and clinical services to youth between the ages of 0 and 21 who are grappling with mental health challenges, as well as their families. These services are delivered in both home and community settings, reflecting Lodestar's commitment to meeting its clients where they are and supporting them in their own environments. By equipping children and families with the necessary tools, Lodestar Children's Services Inc aims to empower them to take charge of their own well-being and improve their lives.
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Impact
July, 2024
Lodestar Childrens Services Inc's impact can be seen through the positive changes they bring to the lives of children and families facing mental health challenges. By providing a range of rehabilitative, supportive, and clinical services in home and community settings, they empower youth aged 0-21 and their families to develop their own support systems. Through their work in Bohemia, NY, Lodestar is making a tangible difference in the lives of those they serve, ensuring that children and families have the tools they need to thrive.
This information is meant to be a general summary of Lodestar Childrens Services 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 2023.
- Investment Income: $4,247
- Program Service Revenue: $2,194,154
- Gross Receipts: $2,251,351
Assets and Liabilities:
- Total Assets: $538,411
- Total Liabilities: $221,613
- Net Assets: $316,798
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Program Services
Revenue
$2,194,154
Organization Details
Founding Year
2016
Principal Officer
James Regan
Website
www.lodestarcs.orgNTEE Category
Code: P20 - Human services
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