Overview
What is Ll Foundation For Youth?
Ll Foundation for Youth is a nonprofit organization based in Sherman Oaks, California. Their primary goal is to support young people aged 13-26, particularly those with fewer advantages and limited resources, as they navigate the challenging transition into adulthood. The foundation grants funds to charities promoting education, medicine, science, and childcare, with a focus on health and well-being. Established for multiple public, educational, and charitable purposes, the foundation provides ongoing financial support to a variety of established nonprofits, emphasizing those that prioritize education, medicine, science, childcare, or the promotion of health and well-being, primarily for individuals under 26. The foundation may also offer a limited number of scholarships to help low-income families' children afford education at private primary, secondary schools, or higher education institutions.
Official website here: www.llfound.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 96%, Four-Star out of Four Star rating.
The Ll Foundation For Youth has demonstrated a strong commitment to accountability and financial health, as evidenced by its impressive 96% score in these areas. This rating highlights the organization's diligent governance practices, including a fully independent board and comprehensive financial oversight, which contribute to its overall high rating.
The foundation excels in transparency and has well-established policies, such as a conflict of interest and whistleblower policy, which further enhance its credibility. Additionally, the organization allocates a significant portion of its budget to program expenses, with an impressive ratio of 82.17%, indicating a strong focus on its mission and effective use of resources.
However, while the organization scores exceptionally well in financial metrics, potential donors might want to keep an eye out for program impact and outcomes, which are not detailed in this financial overview. Overall, the Ll Foundation For Youth appears to be a reliable choice for those looking to support youth-related initiatives.
This AI summary has been generated from information found on Charity Navigator.
Is Ll Foundation For Youth legitimate?
Ll Foundation For Youth is a legitimate nonprofit organization registered as a 501(c)(3) entity. Ll Foundation For Youth 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: $82,500
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.llfound.org
What is the mission statement of Ll Foundation For Youth?
The Ll Foundation for Youth was established with multiple public, educational, and charitable purposes. Its primary focus is to provide ongoing financial support to a variety of established nonprofit, tax-exempt public, charitable, and educational organizations. The foundation emphasizes and awards grants to charities that promote education, medicine, science, childcare, or the health and well-being of individuals primarily under the age of 26. Additionally, the foundation offers a limited number of scholarships to children from low-income families who cannot afford their education, enabling them to attend private primary or secondary schools or pursue higher education at colleges, universities, or trade schools of their choice. In essence, the foundation aims to support organizations and individuals in their educational, medical, and wellness journeys, especially those under 26 or in financially challenging situations.
Official website here: www.llfound.org
Who is the CEO of Ll Foundation For Youth?
Renate S Hochleitner is the President of Ll Foundation For Youth.
Official website here: www.llfound.org
What is the revenue of Ll Foundation For Youth?
Ll Foundation For Youth's revenue in 2022 was $711,686.
Official website here: www.llfound.org
Who are the executives of Ll Foundation For Youth and what are their salaries?
The average compensation at Ll Foundation For Youth during 2022 was $82,500. There is 1 employee at Ll Foundation For Youth.
Here are 6 key members and their salaries:
- Compensation: $82,500
- 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
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.llfound.org
Where can I find the form 990 for Ll Foundation For Youth?
Ll Foundation For Youth's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.llfound.org
Learn more at the official website: www.llfound.org
Mission Statement of Ll Foundation For Youth
The Ll Foundation for Youth, established with multiple public, educational, and charitable purposes, focuses on providing ongoing financial support to a variety of established nonprofit, tax-exempt public, charitable, and educational organizations. Its primary aim is to emphasize and award grants to charities that promote education, medicine, science, childcare, or the health and well-being of individuals primarily under the age of 26. In addition, the foundation may offer a limited number of scholarships to children from low-income families who lack the financial means to pay for their education, enabling them to attend a private primary or secondary school or receive higher education at a college, university, or trade school of their choice. In essence, the Ll Foundation for Youth is dedicated to improving the lives of young individuals by investing in educational and charitable organizations that promote their well-being and provide opportunities for higher education.
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Impact
July, 2024
Ll Foundation For Youth's impact lies in awarding grants to charities that promote education, medicine, science, and childcare for the health and well-being of young people aged 13-26. By supporting programs and projects that provide extra assistance to youth with limited resources, the foundation helps them meet their medical, educational, and other needs to achieve their aspirations. Through partnerships with organizations that prioritize youth well-being, the foundation aims to ensure that young individuals feel seen, heard, and understood during their transition from youth to adulthood.
This information is meant to be a general summary of Ll Foundation For Youth. 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: $711,686
- Gross Receipts: $19,108,288
Assets and Liabilities:
- Total Assets: $50,248,987
- Total Liabilities: $1,010,000
- Net Assets: $49,238,987
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Organization Details
Founding Year
2018
Phone
(818) 783-8492Principal Officer
Renate S Hochleitner
Main Address
PO BOX 56629, SHERMAN OAKS, CA, 91413
Website
www.llfound.orgNTEE Category
Code: T30 - Philanthropy
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