Overview
What is Livermore Lab Foundation?
The Livermore Lab Foundation, located in Livermore, California, is a nonprofit organization committed to fostering partnerships with academic institutions, communities, and professionals. Their primary mission is to encourage the development of future science and technology leaders by offering fellowships and internships to high school students up to post-doctoral scholars at Lawrence Livermore National Laboratory. The Foundation's work aims to advance scientific knowledge, serving as a platform for nurturing the next generation of innovators. With a modest workforce of two individuals, the Livermore Lab Foundation remains dedicated to its mission.
Official website here: www.livermorelabfoundation.org
What are the reviews and ratings of this charity?
Charity Navigator Rating 94% - Four-Star out of Four Star rating
The Livermore Lab Foundation has achieved an impressive Four-Star rating from Charity Navigator, indicating a high level of financial health and accountability. With a strong Accountability & Finance score of 95%, the organization demonstrates effective financial management practices and a commitment to transparency. Key strengths include an independent board, excellent oversight of financial statements, and no material diversion of assets, showcasing a solid foundation for donor trust.
In terms of community culture, the foundation has scored 86%, illustrating a positive environment that fosters collaboration and support. Their leadership and adaptability score is particularly noteworthy at 100%, reflecting a strong commitment to developing leadership within the organization and successfully navigating challenges posed by external changes, such as the COVID-19 pandemic. This adaptability ensures they remain relevant and effective in their mission.
However, there are some areas for improvement; notably, the absence of a whistleblower policy and document retention and destruction policy, which could enhance their governance practices further. Overall, the Livermore Lab Foundation exhibits strong performance across various metrics, reinforcing its mission and impact in the community.
This AI summary has been generated from information found on Charity Navigator.
Is Livermore Lab Foundation legitimate?
Livermore Lab Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Livermore Lab 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: $138,157
Professional Fundraising Fees: $0
Other Salaries and Wages: $42,382
For more financial information, click here
Official website here: www.livermorelabfoundation.org
What is the mission statement of Livermore Lab Foundation?
The Livermore Lab Foundation's mission is centered around advancing scientific knowledge and inspiring future leaders in the field of science and technology. They accomplish this by establishing partnerships with academic institutions, communities, and professional organizations. These collaborations provide fellowship and internship opportunities for students from high school level up to post-doctoral scholars at Lawrence Livermore National Laboratory. In essence, the foundation is dedicated to fostering the next generation of scientific innovators.
Official website here: www.livermorelabfoundation.org
Who is the CEO of Livermore Lab Foundation?
Dona Crawford is the Board Chair of Livermore Lab Foundation.
Official website here: www.livermorelabfoundation.org
What is the revenue of Livermore Lab Foundation?
Livermore Lab Foundation's revenue in 2022 was $2,120,428.
Official website here: www.livermorelabfoundation.org
Who are the executives of Livermore Lab Foundation and what are their salaries?
The average compensation at Livermore Lab Foundation during 2022 was $90,270. There are 2 employees and 11 volunteers at Livermore Lab Foundation.
Here are 10 key members and their salaries:
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- Compensation: $133,116
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- Other: $4,320
Official website here: www.livermorelabfoundation.org
Where can I find the form 990 for Livermore Lab Foundation?
Livermore Lab Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.livermorelabfoundation.org
Learn more at the official website: www.livermorelabfoundation.org
Mission Statement of Livermore Lab Foundation
Livermore Lab Foundation, a renowned organization, is committed to two primary objectives. Firstly, it strives to advance scientific knowledge by fostering partnerships with educational institutions, communities, and professional sectors. Secondly, it aims to inspire the next generation of science and technology leaders by offering fellowship and internship opportunities at Lawrence Livermore National Laboratory. Through these initiatives, the foundation seeks to contribute significantly to the scientific community, nurturing talented individuals who will shape the future of science and technology.
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Impact
July, 2024
Livermore Lab Foundation's impact lies in advancing science and inspiring the next generation of science and technology leaders through academic, community, and professional partnerships. By providing fellowships and internship opportunities for individuals ranging from high school students to post-doctoral scholars at Lawrence Livermore National Laboratory, the foundation plays a crucial role in nurturing talent and fostering innovation in the field of science. In doing so, Livermore Lab Foundation contributes significantly to the development of the scientific community and the progression of technology, ultimately shaping the future of scientific advancement.
This information is meant to be a general summary of Livermore Lab 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.
- Investment Income: $383
- Gross Receipts: $2,121,504
Assets and Liabilities:
- Total Assets: $1,471,433
- Total Liabilities: $14,726
- Net Assets: $1,456,707
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Organization Details
Founding Year
2016
Phone
(925) 453-9382Principal Officer
Dona Crawford
Main Address
7000 EAST AVE B661 L-794, LIVERMORE, CA, 94550
NTEE Category
Code: T30 - Philanthropy
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