Overview
What is Lawrence County Regional Chamber Foundation?
The Lawrence County Regional Chamber Foundation is a dedicated nonprofit organization, situated in New Castle, Pennsylvania. Their primary objective is to serve as a catalyst, fostering excellence in leadership, organization, and the systematic growth of local businesses. Through their initiatives, they aim to positively impact lives within the community. Although the specific programs or services they offer are not detailed in the information provided, it can be inferred that their mission involves promoting leadership, coordination, and orderly business development activities.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 58%, One-Star out of Four Stars
The Lawrence County Regional Chamber Foundation has received a One-Star rating from Charity Navigator, reflecting a score of 58%. This rating primarily stems from its Accountability & Finance score, which is an important measure of how well the organization manages its finances and adheres to best practices in governance. The high program expense ratio of 97.57% indicates that the organization dedicates a significant portion of its resources to its programs, which is a positive sign of its commitment to its mission.
Strengths of the foundation include its entirely independent board, which consists of ten members, earning full points for both majority independence and board size. Additionally, there are no reported issues with material diversion of assets, and the organization maintains transparency by documenting its board meeting minutes. These factors contribute positively to its accountability credentials.
However, the foundation's liabilities to assets ratio is notably high at 91.25%, which impacts its financial stability assessment and accounts for the lower overall score. This raises potential concerns about the organization's financial health and ability to sustain operations in the long term. Overall, while there are commendable aspects of the Lawrence County Regional Chamber Foundation's governance and program spending, the financial ratio indicates a need for careful scrutiny and management.
This AI summary has been generated from information found on Charity Navigator.
Is Lawrence County Regional Chamber Foundation legitimate?
Lawrence County Regional Chamber Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Lawrence County Regional Chamber 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.
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What is the mission statement of Lawrence County Regional Chamber Foundation?
The Lawrence County Regional Chamber Foundation's mission is centered around transforming lives. Acting as a catalyst for change, the organization strives to foster excellence in leadership, coordination, and the systematic development of businesses. This mission aims to enhance the overall quality and organization of business activities, ultimately contributing to positive transformation in individuals' lives.
Who is the CEO of Lawrence County Regional Chamber Foundation?
John Cournan is the Director of Lawrence County Regional Chamber Foundation.
What is the revenue of Lawrence County Regional Chamber Foundation?
Lawrence County Regional Chamber Foundation's revenue in 2022 was $68,000.
Who are the executives of Lawrence County Regional Chamber Foundation and what are their salaries?
Here are 10 key members and their salaries:
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Where can I find the form 990 for Lawrence County Regional Chamber Foundation?
Lawrence County Regional Chamber Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Lawrence County Regional Chamber Foundation
The Lawrence County Regional Chamber Foundation is committed to enhancing lives through its role as a catalyst for growth in leadership, collaboration, and structured business growth initiatives. By serving as a creative powerhouse, this organization strives to foster excellence in these areas, ultimately contributing to a more ordered business environment.
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Impact
August, 2024
Lawrence County Regional Chamber Foundation's impact can be seen in its dedicated efforts to transform lives by promoting excellence in leadership, coordination, and business development activities. Through its work in the city of New Castle, PA, the foundation serves as a creative force in driving community improvement and fostering opportunities for growth and innovation. Its mission to support and enhance local businesses and leadership initiatives contributes to the overall well-being and prosperity of the region.
This information is meant to be a general summary of Lawrence County Regional Chamber 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.
- Gross Receipts: $68,000
Assets and Liabilities:
- Total Assets: $336,205
- Total Liabilities: $306,800
- Net Assets: $29,405
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Organization Details
Founding Year
2016
Principal Officer
John Cournan
Main Address
325 E Washington Street, New Castle, PA, 16101
NTEE Category
Code: S30 - Community improvement
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