Overview
What is Look Its My Book Endowment?
Look Its My Book Endowment is a nonprofit organization based in Peoria, Illinois, with a mission to support literacy and reading skills among children in the area, particularly those from poverty-level families. Established to aid Look Its My Book! Inc., another nonprofit composed entirely of unpaid volunteers, the endowment aims to accumulate sufficient funds through interest and investments. The long-term goal is to provide financial support for buying and distributing books, as research has shown that doing so can effectively teach young children to read. As of 2022, no funds have been expended yet, as the focus is on building a substantial principal. The endowment's activities are primarily carried out by retired volunteers.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 33%
Look Its My Book Endowment has received a Zero-Star out of Four Star rating from Charity Navigator, indicating significant concerns regarding its accountability and financial practices. The overall score is based solely on the Accountability & Finance beacon, which reflects a lack of compliance with essential governance practices, such as missing conflict of interest and whistleblower policies, and failure to provide critical documentation on its website.
Despite scoring full points for having a majority of independent board members and no material diversion of assets, the nonprofit’s overall score suffers due to the absence of key policies and documentation. The organization has not posted its tax form online, which is a critical transparency requirement. Additionally, the program expense ratio is reported as 0.00%, raising questions about the allocation of resources and programmatic impact.
Overall, while the organization demonstrates some strengths in board independence, the significant gaps in transparency and governance policies are concerning. Potential donors and stakeholders may want to seek further information or consider these factors before engaging with the nonprofit.
This AI summary has been generated from information found on Charity Navigator.
Is Look Its My Book Endowment legitimate?
Look Its My Book Endowment is a legitimate nonprofit organization registered as a 501(c)(3) entity. Look Its My Book Endowment 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
What is the mission statement of Look Its My Book Endowment?
The Look Its My Book Endowment was established with the primary goal of supporting Look Its My Book! Inc., an organization dedicated to enhancing literacy and reading skills among children, especially those living in poverty. Recognizing that the volunteers primarily consist of retirees, it became essential to ensure the continuity of their activities in the future. The endowment aims to support the cause of literacy and reading skills development among children, contributing to their overall growth and development.
Who is the CEO of Look Its My Book Endowment?
Janet Roth is the President of Look Its My Book Endowment.
What is the revenue of Look Its My Book Endowment?
Look Its My Book Endowment's revenue in 2022 was $45,874.
Who are the executives of Look Its My Book Endowment and what are their salaries?
There 25 volunteers at Look Its My Book Endowment.
Here are 4 key members and their salaries:
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- Other: $0
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- Other: $0
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- Other: $0
- Compensation: $0
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- Other: $0
Where can I find the form 990 for Look Its My Book Endowment?
Look Its My Book Endowment's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Look Its My Book Endowment
Look Its My Book Endowment, a nonprofit organization, was established with the mission to support Look Its My Book! Inc., another volunteer-led organization. Both organizations share a common goal of enhancing literacy and reading skills among children in underprivileged circumstances, with 74% of the children falling below the poverty line, in the Peoria area. Recognizing the primary involvement of retired volunteers, Look Its My Book Endowment aims to secure funding for future activities, ensuring the continued support for literacy programs and the development of reading skills among these children.
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Impact
August, 2024
The impact of Look Its My Book Endowment is centered around supporting literacy and reading skills among children in the Peoria, IL area, particularly those from families living in poverty. The organization, comprised entirely of unpaid volunteers, aims to provide books to children learning to read in underprivileged communities. By accumulating funds to create a sustainable principal, Look Its My Book Endowment intends to ensure the future availability of books for these children, contributing to their educational development and literacy skills.
This information is meant to be a general summary of Look Its My Book Endowment. 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: $21,182
- Gross Receipts: $45,874
Assets and Liabilities:
- Total Assets: $1,636,512
- Total Liabilities: $0
- Net Assets: $1,636,512
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Organization Details
Founding Year
2016
Phone
(309) 453-3554Principal Officer
Janet Roth
Main Address
PO BOX 3114, PEORIA, IL, 61612
NTEE Category
Code: B92 - Education
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