Overview
What is Lake Cunningham Development Trust?
The Lake Cunningham Development Trust is a nonprofit organization based in Omaha, Nebraska, specifically at 8305 Rainwood Road. Its primary mission is to improve the amenities and safety of the park, while increasing its usage. To achieve this, they aim to raise capital for the development and enhancement of the recreational infrastructure at Glenn Cunningham Lake, a city park in Omaha. By doing so, they strive to make the lake and surrounding grounds more attractive and accessible to the community, enhancing its appeal for the local community. The Trust currently employs 24 individuals in its efforts to fulfill this mission.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 78% (Three-Star out of Four Stars)
The Lake Cunningham Development Trust has received a Three-Star rating from Charity Navigator, indicating a solid performance in accountability and financial management. With a score of 78%, the organization demonstrates a strong commitment to transparency and governance, highlighted by its fully independent board and comprehensive conflict of interest policy.
Strengths of the organization include an impressive program expense ratio of 90.72%, which reflects a significant portion of its funds being directed towards its mission-related activities. The trust also maintains a low liabilities to assets ratio of 2.84%, indicating sound financial health and responsible management of its resources. Additionally, the fundraising efficiency ratio shows that the charity effectively raises funds with minimal costs.
However, while the organization shows strong performance metrics, it has a working capital ratio of 0.43 years, which may suggest potential challenges in covering short-term obligations. Overall, Lake Cunningham Development Trust is commendable in many aspects, particularly in their governance and financial practices, but may need to address its liquidity position for long-term sustainability.
This AI summary has been generated from information found on Charity Navigator.
Is Lake Cunningham Development Trust legitimate?
Lake Cunningham Development Trust is a legitimate nonprofit organization registered as a 501(c)(3) entity. Lake Cunningham Development Trust 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: $556,543
For more financial information, click here
What is the mission statement of Lake Cunningham Development Trust?
The Lake Cunningham Development Trust is an organization established with the purpose of raising funds to develop and enhance the recreational infrastructure at Glenn Cunningham Lake, a city park. Their mission is geared towards making the lake and its surroundings more appealing and accessible to the community. By improving the amenities of the park, increasing park safety, and boosting usage, the Trust aims to create a more inviting environment for recreation and leisure activities.
Who is the CEO of Lake Cunningham Development Trust?
Mickey Anderson is the Chair of Lake Cunningham Development Trust.
What is the revenue of Lake Cunningham Development Trust?
Lake Cunningham Development Trust's revenue in 2022 was $2,290,984.
Who are the executives of Lake Cunningham Development Trust and what are their salaries?
The average compensation at Lake Cunningham Development Trust during 2022 was $23,189. There are 24 employees at Lake Cunningham Development Trust.
Here are 5 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- 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 Lake Cunningham Development Trust?
Lake Cunningham Development Trust's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Lake Cunningham Development Trust
The Lake Cunningham Development Trust, a nonprofit organization, is dedicated to raising funds for the development and enhancement of the recreational infrastructure at Glenn Cunningham Lake, a city park. Its mission is to make the lake and surrounding grounds more appealing and accessible to the community by improving the park's amenities, increasing safety, and encouraging usage. By doing so, the Lake Cunningham Development Trust aims to transform the park into a more enjoyable and welcoming space for all members of the community.
Shop smarter and support your favorite cause with the Give Freely browser extension. Save money with coupons and donate to charity with a single click. Download now!
Impact
June, 2024
The Lake Cunningham Development Trust has significantly improved the recreational infrastructure at Glenn Cunningham Lake in Omaha, Nebraska. Their endeavors have led to the enhancement of park amenities, increased park safety, and boosted park usage. By raising capital and spearheading development projects, the Trust has successfully made the lake and its surrounding grounds more appealing and accessible to the community. This has undoubtedly made a positive impact on the local environment and the quality of life for residents in the area.
This information is meant to be a general summary of Lake Cunningham Development Trust. 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.
- Program Service Revenue: $256,957
- Gross Receipts: $2,301,256
Assets and Liabilities:
- Total Assets: $2,540,775
- Total Liabilities: $72,250
- Net Assets: $2,468,525
Want to help this charity, for free? You can click here to learn more about Give Freely
Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
PROGRAM SERVICE REVENU
Revenue
$256,957
Organization Details
Founding Year
2018
Phone
(402) 934-5656Principal Officer
Mickey Anderson
Main Address
8305 RAINWOOD ROAD, OMAHA, NE, 68122
NTEE Category
Code: C50 - Environment
If you are a representative of Lake Cunningham Development Trust and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.