Overview
What is Logan Martin Charity Foundation?
The Logan Martin Charity Foundation, established in Cropwell, Alabama, is a nonprofit organization with a significant mission. They primarily raise funds through local businesses for their annual Lakefest event. The main objective of these fundraising efforts is twofold: firstly, to ensure the success of Lakefest, and secondly, to increase the amount they can contribute to various local charities. By supporting Lakefest and soliciting contributions from local businesses, the Logan Martin Charity Foundation aims to make a positive impact on their community by distributing these funds to deserving organizations.
Official website here: www.loganmartinlakefest.com
What are the reviews and ratings of this charity?
Charity Navigator Rating: 76% (Three-Star out of Four Star rating)
The Logan Martin Charity Foundation has received a Three-Star rating from Charity Navigator, with an overall score of 76%. This score is derived solely from the Accountability & Finance category. The foundation demonstrates strong financial health, evidenced by a program expense ratio of 98.70%, indicating that a significant majority of its expenditures are directed toward its programs rather than administrative costs.
The organization benefits from a fully independent board, comprising five members, which contributes positively to its governance. However, it has notable weaknesses in its accountability practices, as it lacks a conflict of interest policy, whistleblower policy, and document retention policy. These missing elements may raise concerns regarding transparency and ethical conduct within the organization.
Overall, while the Logan Martin Charity Foundation showcases a solid financial commitment to its mission, it should address the gaps in its governance policies to enhance its overall accountability and build greater trust among stakeholders.
This AI summary has been generated from information found on Charity Navigator.
What do the Facebook reviews say about Logan Martin Charity Foundation?
100% of 8 reviewers on Facebook recommend Logan Martin Charity Foundation. Here is a summary of their reviews:
Patrons have expressed high praise for the foundation, particularly highlighting the talent of Patrick, who has been noted for his exceptional voice and engagement with the audience. This admiration suggests that the charity not only provides valuable services but also fosters an inspiring atmosphere through its events.
Overall, the sentiment towards the Logan Martin Charity Foundation is overwhelmingly positive, with supporters clearly appreciating the impactful work they do and the talented individuals associated with the organization.
This AI summary has been generated from reviews found on Facebook.
Is Logan Martin Charity Foundation legitimate?
Logan Martin Charity Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Logan Martin Charity 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: $0
For more financial information, click here
Official website here: www.loganmartinlakefest.com
What is the mission statement of Logan Martin Charity Foundation?
The Logan Martin Charity Foundation's mission involves soliciting funds from local businesses. These funds are primarily utilized to support Lakefest events. However, the primary objective is to increase the amount that can be donated to various other local charitable organizations. By successfully generating funds through Lakefest, the foundation aims to make substantial contributions to various deserving local causes.
Official website here: www.loganmartinlakefest.com
Who is the CEO of Logan Martin Charity Foundation?
Fred Casey is the Secreatary/T of Logan Martin Charity Foundation.
Official website here: www.loganmartinlakefest.com
What is the revenue of Logan Martin Charity Foundation?
Logan Martin Charity Foundation's revenue in 2022 was $163,866.
Official website here: www.loganmartinlakefest.com
Who are the executives of Logan Martin Charity Foundation and what are their salaries?
Here are 6 key members and their salaries:
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Official website here: www.loganmartinlakefest.com
Where can I find the form 990 for Logan Martin Charity Foundation?
Logan Martin Charity Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.loganmartinlakefest.com
Learn more at the official website: www.loganmartinlakefest.com
Mission Statement of Logan Martin Charity Foundation
The Logan Martin Charity Foundation's mission involves soliciting funds from local businesses with the primary goal of supporting Lakefest events. By successfully securing these donations, the foundation aims to expand the amount it can contribute to various other local charities. In essence, the organization's objective is to leverage the support of local businesses to amplify its charitable impact in the community. By participating in Lakefest and garnering funds from participating businesses, the Logan Martin Charity Foundation aims to strengthen its capacity to support a diverse range of local charitable initiatives.
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Impact
October, 2024
The Logan Martin Charity Foundation makes a significant impact in the Cropwell, Alabama community by soliciting funds from local businesses to support LakeFest, a community event that fosters local engagement and celebration. The foundation channels the funds raised through LakeFest directly into local charities, thereby amplifying support for individuals and organizations in need within the community.
By collaborating with local businesses, the foundation not only enhances participation in LakeFest but also strengthens the bonds between those businesses and the community. This initiative not only enriches local charities but also contributes to the overall well-being of the area, creating a positive cycle of philanthropy and support. Through its efforts, the foundation successfully increases charitable contributions, providing vital resources to support various local causes, and making a meaningful difference in the lives of residents around Logan Martin Lake.
This information is meant to be a general summary of Logan Martin Charity 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.
- Program Service Revenue: $16,229
- Gross Receipts: $163,866
Assets and Liabilities:
- Total Assets: $12,930
- Total Liabilities: $0
- Net Assets: $12,930
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
PROGRAM SERVICE REVENUE
Revenue
$16,229
Organization Details
Principal Officer
Fred Casey
Main Address
3620 MARTIN ST S, CROPWELL, AL, 35054
Website
www.loganmartinlakefest.comNTEE Category
Code: T30 - Philanthropy
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