Overview
What is Lace Foundation C/O Daniel Lace?
Lace Foundation C/O Daniel Lace is a 501(c)(3) charitable organization, led by Daniel Lace, dedicated to supporting other nonprofits that aim to alleviate suffering and poverty by addressing its root causes. Their mission extends beyond financial aid, as they also strive to educate young individuals in career paths and respond to specific community needs. The organization's purpose is to make a positive impact in various communities by collaborating with like-minded organizations.
Official website here: www.thelacefoundation.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 97% (Four-Star out of Four Stars)
The Lace Foundation has achieved an impressive 97% rating from Charity Navigator, reflecting its strong commitment to accountability and finance. This score is derived entirely from the foundation's performance in the accountability and finance beacon, indicating that it maintains a high standard in managing its resources and ensuring transparency.
The organization boasts a fully independent board, with all 10 members meeting the criteria of independence, which contributes to its high governance score. Additionally, the foundation has established robust policies, including conflict of interest and whistleblower protections, which are critical for maintaining ethical practices. The absence of any material diversion of assets further underscores its financial integrity.
Despite the strong performance reflected in its ratings, it is essential to note that the rating does not encompass the full scope of the foundation's overall impact or programmatic effectiveness. Nonetheless, the high program expense ratio of 84.55% indicates that a significant portion of its budget is allocated directly to its programs, demonstrating a focus on mission-driven work.
This AI summary has been generated from information found on Charity Navigator.
Is Lace Foundation C/O Daniel Lace legitimate?
Lace Foundation C/O Daniel Lace is a legitimate nonprofit organization registered as a 501(c)(3) entity. Lace Foundation C/O Daniel Lace 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
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Official website here: www.thelacefoundation.org
What is the mission statement of Lace Foundation C/O Daniel Lace?
The Lace Foundation, as an IRS 501(c)(3) not-for-profit charitable organization, has a mission to identify and support other similar organizations that provide programs to alleviate suffering and poverty by addressing its root causes. Additionally, the foundation aims to educate young people in career paths. Furthermore, it responds to specific community needs when required. In essence, the Lace Foundation's mission is to contribute to the betterment of society by supporting other charitable organizations and fostering career growth among young individuals.
Official website here: www.thelacefoundation.org
Who is the CEO of Lace Foundation C/O Daniel Lace?
Daniel Lace is the Vice Preside of Lace Foundation C/O Daniel Lace.
Official website here: www.thelacefoundation.org
What is the revenue of Lace Foundation C/O Daniel Lace?
Lace Foundation C/O Daniel Lace's revenue in 2022 was $8,635.
Official website here: www.thelacefoundation.org
Who are the executives of Lace Foundation C/O Daniel Lace and what are their salaries?
There 4 volunteers at Lace Foundation C/O Daniel Lace.
Here are 4 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
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- Other: $0
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- Other: $0
- Compensation: $0
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- Other: $0
Official website here: www.thelacefoundation.org
Where can I find the form 990 for Lace Foundation C/O Daniel Lace?
Lace Foundation C/O Daniel Lace's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.thelacefoundation.org
Learn more at the official website: www.thelacefoundation.org
Mission Statement of Lace Foundation C/O Daniel Lace
The Lace Foundation C/O Daniel Lace operates as a 501(c)(3) not-for-profit charitable organization with a mission to identify and support other similar organizations. This foundation aims to alleviate suffering and poverty by addressing its root causes. It also plays a role in educating young people in career development and responding to specific community needs. By providing support to these organizations, the Lace Foundation seeks to contribute to the betterment of society and improve living conditions for those in need.
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Impact
August, 2024
Lace Foundation C/O Daniel Lace's impact lies in its dedication to identifying and supporting IRS 501(c)(3) nonprofit organizations that focus on alleviating suffering and poverty at its root cause. By partnering with organizations that provide programs addressing these issues, as well as promoting education for young people in careers, Lace Foundation contributes significantly to responding to specific community needs. Through its philanthropic efforts, Lace Foundation works towards creating a positive impact on individuals and communities, striving to make a tangible difference in the lives of those in need.
This information is meant to be a general summary of Lace Foundation C/O Daniel Lace. 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: $1,435
- Gross Receipts: $31,479
Assets and Liabilities:
- Total Assets: $133,277
- Total Liabilities: $0
- Net Assets: $133,277
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Organization Details
Phone
(630) 513-1608Principal Officer
Daniel Lace
Main Address
5N445 BILLY BURNS RD PO BOX 449, WAYNE, IL, 60184
Website
www.thelacefoundation.orgNTEE Category
Code: T12 - Philanthropy
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