Overview
What is Casa Laxmi Foundation Inc?
Casa Laxmi Foundation Inc is a nonprofit organization currently in the process of establishing an educational facility in Batavia, New York, located at 4330 Commerce Drive. The foundation's mission is to provide educational opportunities for students from Pre-K to Grade 12, who might otherwise be unable to advance their education due to financial or other constraints. At present, the organization is focused on acquiring and constructing the necessary facilities for this purpose. With a commitment to fostering education, Casa Laxmi Foundation Inc aims to make a positive impact on the lives of its students and community.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 72% (Two-Star out of Four Star rating)
The Casa Laxmi Foundation Inc has received a 72% score on Charity Navigator, translating to a Two-Star rating. This score is based entirely on its Accountability & Finance beacon, suggesting a strong emphasis on financial transparency and governance. The foundation excels in several areas, including having a fully independent board, a good whistleblower policy, and a clear document retention policy.
Strengths include the foundation's perfect score in program expense ratio, indicating that it allocates all its resources towards its programs, which is a positive sign for donors looking for effective use of contributions. Additionally, the organization has shown no material diversion of assets, which reflects sound financial practices and integrity in managing funds.
However, a significant concern is the liabilities to assets ratio, which stands at 80.13%, earning a low score. This indicates potential financial risk, as high liabilities relative to assets can affect sustainability. Overall, while the foundation demonstrates commendable governance practices and program focus, its financial liabilities pose a notable challenge that potential donors should consider.
This AI summary has been generated from information found on Charity Navigator.
Is Casa Laxmi Foundation Inc legitimate?
Casa Laxmi Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Casa Laxmi 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
What is the mission statement of Casa Laxmi Foundation Inc?
Casa Laxmi Foundation Inc is committed to establishing an educational facility catering to students from Pre-K to Grade 12. This organization aims to provide educational opportunities for those who might otherwise be unable to advance further in their studies. Currently, Casa Laxmi Foundation Inc is engaged in the process of acquiring and constructing these educational facilities. The ultimate goal is to make quality education accessible to a wider range of students.
Who is the CEO of Casa Laxmi Foundation Inc?
Sonal Thomas is the President of Casa Laxmi Foundation Inc.
What is the revenue of Casa Laxmi Foundation Inc?
Casa Laxmi Foundation Inc's revenue in 2022 was $10,000.
Who are the executives of Casa Laxmi Foundation Inc and what are their salaries?
Here are 3 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Casa Laxmi Foundation Inc?
Casa Laxmi Foundation Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Casa Laxmi Foundation Inc
Casa Laxmi Foundation Inc is committed to making a significant impact in the educational landscape. Their mission is centered around establishing an educational facility catering to students from the preschool level up to Grade 12. This organization recognizes the importance of education, especially for those who may not have the opportunity to pursue it otherwise. By constructing and operating this facility, Casa Laxmi Foundation Inc aims to provide a vital resource and a pathway for these students to advance their educational journeys. Despite not yet commencing operations, the foundation's dedication to this cause remains steadfast.
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Impact
August, 2024
Casa Laxmi Foundation Inc's impact lies in its dedication to providing educational opportunities for students from pre-K to grade 12 who may not have access to further education. By creating an education facility, the organization is aiming to empower these students with the tools and resources needed to advance in their academic journey. Through this initiative, Casa Laxmi Foundation Inc is not only investing in the future of these students but also contributing to the overall upliftment of the community in Batavia, NY.
This information is meant to be a general summary of Casa Laxmi 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 2022.
- Gross Receipts: $10,000
Assets and Liabilities:
- Total Assets: $6,611,707
- Total Liabilities: $5,295,000
- Net Assets: $1,316,707
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Organization Details
Founding Year
2017
Phone
(305) 302-3269Principal Officer
Sonal Thomas
Main Address
4330 Commerce Drive, Batavia, NY, 14021
NTEE Category
Code: B20 - Education
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