Overview
What is Luther Burbank Corporation Foundation?
Luther Burbank Corporation Foundation is a grant-making, public charity based in Santa Rosa, California. It primarily focuses on making contributions towards three key areas: social and human services, community development, and education. In the realm of community development, the foundation supports programs that enhance affordable housing, particularly in federally designated disaster areas, stimulate economic growth through financing for small businesses and farms, and offer job training and workforce development opportunities. By donating a significant portion of its net income and principal, the foundation aims to foster financial assistance and outreach to the public in line with its charitable status.
Is Luther Burbank Corporation Foundation legitimate?
Luther Burbank Corporation Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Luther Burbank Corporation 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
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What is the mission statement of Luther Burbank Corporation Foundation?
The Luther Burbank Corporation Foundation, serving as a grant-making and operating public charity, is committed to donating its earnings and principal towards charitable causes. The organization's primary focus lies in making contributions to three high-priority areas: social and human services, community development, and education. By doing so, the Foundation aims to promote financial assistance and provide outreach and education to the general public in these areas. The Board of Directors and its officers donate a significant portion of the net income, playing a crucial role in qualifying the Foundation as a Section 501(c)(3) charitable organization.
Who is the CEO of Luther Burbank Corporation Foundation?
Unavailable The CEO's salary of Luther Burbank Corporation Foundation is $0 and their total compensation is $0.
What is the revenue of Luther Burbank Corporation Foundation?
Luther Burbank Corporation Foundation's revenue in 2022 was $283,861.
Who are the executives of Luther Burbank Corporation Foundation and what are their salaries?
There 9 volunteers at Luther Burbank Corporation Foundation.
Here are 11 key members and their salaries (Luther Burbank Corporation Foundation's CEO's salary is $0 and their total compensation is $0):
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Where can I find the form 990 for Luther Burbank Corporation Foundation?
Luther Burbank Corporation Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Luther Burbank Corporation Foundation
The Luther Burbank Corporation Foundation is a grant-making, charitable organization that focuses on making contributions in three priority areas: social and human services, community development, and education. The organization's mission is to donate a significant portion of its net income and principal to support initiatives within these areas, with the aim of fostering and promoting financial assistance. The Foundation's activities often involve outreach and education to the general public, furthering its goal of making a positive impact in these critical sectors. The Board of Directors and the officers of the Foundation play a significant role in determining the appropriate allocation of funds to qualify as a Section 501(c)(3) charitable organization.
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Impact
October, 2024
Luther Burbank Corporation Foundation significantly impacts its community by focusing on three key areas: social and human services, community development, and education. By providing grants, the foundation plays a vital role in enhancing the lives of individuals and families in low- and moderate-income communities, particularly in Santa Rosa, CA.
In community development, the foundation supports programs that foster the creation and sustainability of affordable housing, promoting economic development through financing for small businesses and farms, and offering job training and workforce development initiatives. This not only helps individuals secure stable employment but also contributes to the overall economic health of the community.
Through these efforts, the Luther Burbank Corporation Foundation addresses critical needs and empowers residents to improve their living conditions and economic prospects. Their commitment to outreach and education further enhances public awareness and access to vital resources, reinforcing their holistic approach to community support and development.
This information is meant to be a general summary of Luther Burbank Corporation 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: $283,861
Assets and Liabilities:
- Total Assets: $759,465
- Total Liabilities: $0
- Net Assets: $759,465
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Organization Details
Founding Year
2017
Phone
(707) 523-9876Main Address
520 3rd St 4th FL, Santa Rosa, CA, 95401
NTEE Category
Code: M12 - Public safety
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