Overview
What is Litchfield Unlimited Corporation?
Litchfield Unlimited Corporation is a nonprofit organization, established towards the end of 2018, with a mission to promote recreational, physical fitness, and healthy lifestyle opportunities for the residents of Litchfield, Illinois, and its surrounding communities. As of December 31, 2022, the corporation is in the process of constructing its facility and has not yet begun operations. The organization's purpose extends beyond its primary mission, as allowed under the Illinois Not For Profit Corporation Act. Its headquarters are located in Litchfield, Illinois, at PO Box 92.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 40%, Zero-Star out of Four Star rating.
Litchfield Unlimited Corporation has received a low overall score primarily due to its accountability and financial management practices. The charity boasts a perfect score in several governance areas, including having a fully independent board and no material diversion of assets. However, the lack of program expenses and a liabilities to assets ratio significantly detracted from its overall performance rating.
The organization effectively maintains transparency in its operations, as evidenced by its conflict of interest policy and documentation of board meeting minutes. Nevertheless, the absence of allocated program expenses raises concerns about the charity's operational effectiveness and its ability to fulfill its mission.
Overall, while Litchfield Unlimited Corporation demonstrates strong governance measures, the financial metrics indicate a troubling lack of program funding, suggesting that the charity may need to reevaluate its financial strategies to better serve its intended purpose.
This AI summary has been generated from information found on Charity Navigator.
Is Litchfield Unlimited Corporation legitimate?
Litchfield Unlimited Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Litchfield Unlimited Corporation 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 Litchfield Unlimited Corporation?
The Litchfield Unlimited Corporation, established in late 2018, is committed to creating recreational, physical fitness, and wellness opportunities for individuals in various communities. They aim to serve beyond their locality, adhering to the guidelines of the Illinois Not For Profit Corporation Act. The organization's primary objective is to foster a healthier lifestyle for its community members. As of December 31, 2022, they are in the process of constructing a facility and have not yet begun operations.
Who is the CEO of Litchfield Unlimited Corporation?
Shannon Simpson-Hall is the Chairman of Litchfield Unlimited Corporation.
What is the revenue of Litchfield Unlimited Corporation?
Litchfield Unlimited Corporation's revenue in 2022 was $510,575.
Who are the executives of Litchfield Unlimited Corporation and what are their salaries?
There 9 volunteers at Litchfield Unlimited Corporation.
Here are 8 key members and their salaries:
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Where can I find the form 990 for Litchfield Unlimited Corporation?
Litchfield Unlimited Corporation's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Litchfield Unlimited Corporation
Litchfield Unlimited Corporation, established under the Illinois Not-For-Profit Corporation Act, is on a mission to create and facilitate recreational, physical fitness, and healthy lifestyle opportunities for the citizens of Litchfield and its surrounding communities. This mission encompasses a broad scope of activities, allowing the corporation to contribute to the well-being of its community members in various ways. As of now, Litchfield Unlimited Corporation is in the process of building a facility, with plans to become operational at a later date.
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Impact
July, 2024
Litchfield Unlimited Corporation's impact is aimed at developing recreational, physical fitness, and healthy lifestyle opportunities for the citizens of Litchfield, Illinois, and surrounding communities. Although the corporation is currently in the process of building a facility and is not operational as of December 31, 2022, its mission to promote a healthier and more active lifestyle for the community is likely to have a positive influence once fully operational. Through its focus on recreation and physical fitness, Litchfield Unlimited Corporation has the potential to enhance the well-being and quality of life for individuals in the region.
This information is meant to be a general summary of Litchfield Unlimited Corporation. 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: $575
- Gross Receipts: $510,575
Assets and Liabilities:
- Total Assets: $1,521,611
- Total Liabilities: $0
- Net Assets: $1,521,611
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Organization Details
Founding Year
2018
Phone
(217) 324-5971Principal Officer
Shannon Simpson-Hall
Main Address
PO Box 92, Litchfield, IL, 62056
NTEE Category
Code: N30 - Recreation
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