Overview
What is Left Hand Brewing Foundation Inc?
The Left Hand Brewing Foundation Inc, situated in Longmont, Colorado, is a charitable organization that extends its donations to both non-profit and for-profit groups within their local community and beyond. Their mission is deeply rooted in strengthening the community they reside in, working, living, and playing. The foundation addresses primary needs, supports community groups, promotes arts and cultural activities, contributes to housing projects, funds medical research, and responds to issues and emergencies in Longmont and beyond. Their efforts are committed to fostering a stronger, more resilient community.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 20% (Zero-Star out of Four Star rating).
The Left Hand Brewing Foundation Inc has received a low accountability and finance score, reflecting significant governance issues. Notably, the organization has no independent board members and lacks essential policies related to conflict of interest and whistleblower protections, which are critical for transparency and trust. The absence of a website listed on official tax forms further detracts from its accountability.
Despite being free of material asset diversion, the organization has a concerning liabilities-to-assets ratio of 12.63%, indicating potential financial instability. Additionally, only 32.42% of its expenses are directed towards its programs, raising questions about its operational efficiency and commitment to its mission. Overall, the foundation faces considerable challenges that could affect its effectiveness and public perception.
This AI summary has been generated from information found on Charity Navigator.
Is Left Hand Brewing Foundation Inc legitimate?
Left Hand Brewing Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Left Hand Brewing Foundation 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: $52,166
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
What is the mission statement of Left Hand Brewing Foundation Inc?
The Left Hand Brewing Foundation is dedicated to strengthening the community where they operate, reside, and play. Their mission involves supporting primary needs, community support groups, arts and cultural activities, housing projects, medical research, and responding to issues and emergencies beyond their local Longmont community. The foundation provides donations to both non-profit and for-profit groups in response to needs and emergencies, demonstrating their commitment to community welfare.
Who is the CEO of Left Hand Brewing Foundation Inc?
Jon Eric Wallace is the President of Left Hand Brewing Foundation Inc.
What is the revenue of Left Hand Brewing Foundation Inc?
Left Hand Brewing Foundation Inc's revenue in 2020 was $115,354.
Who are the executives of Left Hand Brewing Foundation Inc and what are their salaries?
Here are 6 key members and their salaries:
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- Compensation: $0
- Related: $52,166
- Other: $0
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Where can I find the form 990 for Left Hand Brewing Foundation Inc?
Left Hand Brewing Foundation Inc's most recent form 990 was submitted in 2020 and can be accessed here.
Mission Statement of Left Hand Brewing Foundation Inc
The Left Hand Brewing Foundation is dedicated to strengthening the community where it operates, resides, and plays. Its mission is multifaceted, encompassing support for primary needs, community organizations, artistic and cultural endeavors, housing projects, medical research, and addressing emergencies and issues in the Longmont community and beyond. The foundation extends its philanthropic efforts by granting donations to both non-profit and for-profit organizations in response to needs and emergencies. This commitment to community growth and resilience exemplifies the Left Hand Brewing Foundation's mission to brew a stronger community.
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Impact
October, 2024
Left Hand Brewing Foundation Inc actively fosters community resilience and support in Longmont, Colorado, and its surrounding areas. Through its dedication to addressing primary needs, community support groups, and arts and cultural initiatives, the foundation plays a vital role in enhancing the local quality of life.
By providing grants to both nonprofit and for-profit organizations, the foundation responds effectively to various community needs and emergencies, ensuring that essential services and programs are available. Areas of focus include housing projects, medical research, and the promotion of arts and culture, all of which contribute to a stronger, more vibrant community. With a commitment to philanthropy, Left Hand Brewing Foundation Inc is a catalyst for positive change and unity in the region where its members work, live, and play.
This information is meant to be a general summary of Left Hand Brewing Foundation 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 2020.
- Investment Income: $1,456
- Gross Receipts: $181,651
Assets and Liabilities:
- Total Assets: $141,232
- Total Liabilities: $17,839
- Net Assets: $123,393
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Organization Details
Founding Year
2017
Phone
(303) 772-0258Principal Officer
Jon Eric Wallace
Main Address
1265 BOSTON AVENUE, LONGMONT, CO, 80501
NTEE Category
Code: T31 - Philanthropy
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