Overview
What is Healthy Lakewood Foundation?
The Healthy Lakewood Foundation, based in Lakewood, Ohio, is a dedicated nonprofit organization with a mission to inspire a community where health and wellness are integral parts of daily life. In 2022, the foundation implemented its comprehensive grantmaking strategy, distributing funds to various projects through four grant processes. These grants supported initiatives addressing social determinants of health, community building, innovation, and learning. Additionally, the foundation hired a part-time grants coordinator and established guidelines for each grant process. The Healthy Lakewood Foundation also engaged in community outreach, utilizing marketing and communications strategies to increase awareness of its grantmaking and programming opportunities. The organization's annual community meeting, held in September, provided a platform for residents and stakeholders to learn about its progress and provide feedback. The foundation is governed by five standing committees and appointed two new board members in 2022. Overall, the Healthy Lakewood Foundation is committed to advancing programs, policies, and practices that promote health and wellness in the Lakewood community.
Official website here: www.healthylakewoodfoundation.org
What are the reviews and ratings of this charity?
Charity Navigator Rating 77% - Three-Star out of Four Star Rating
The Healthy Lakewood Foundation has achieved a Three-Star rating from Charity Navigator, reflecting a solid overall score of 77%. This rating is based entirely on the organization's Accountability & Finance metrics, which showcase a strong commitment to transparency and fiscal responsibility. The foundation excels in several key areas, including an independent board composed entirely of 16 members and a notable 84.36% of expenses allocated directly to its programs.
While the organization demonstrates numerous strengths, it does have a couple of areas needing improvement. Notably, while it has a conflict of interest policy and maintains documented board meeting minutes, the foundation lacks a formal whistleblower policy and a documented retention and destruction policy, which are important for reinforcing accountability.
Despite these limitations, the foundation's financial health is commendable, with a minimal liabilities to assets ratio of 0.01%, indicating robust stability. Overall, donors and stakeholders can feel confident in the Healthy Lakewood Foundation's operational integrity and its mission-driven focus.
This AI summary has been generated from information found on Charity Navigator.
Is Healthy Lakewood Foundation legitimate?
Healthy Lakewood Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Healthy Lakewood 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: $100,000
Professional Fundraising Fees: $0
Other Salaries and Wages: $16,402
For more financial information, click here
Official website here: www.healthylakewoodfoundation.org
What is the mission statement of Healthy Lakewood Foundation?
The Healthy Lakewood Foundation's mission is to advance programs, policies, and practices that inspire a community where health and wellness are reflected in all aspects of life. The organization implements grantmaking strategies to support projects and programs that prioritize health care and support for certain populations, community-based initiatives, and organizations influencing structural systems for improved health outcomes. The foundation also engages in community meetings to provide transparency and gather feedback, and utilizes various communication platforms to increase awareness of its grantmaking and programming opportunities.
Official website here: www.healthylakewoodfoundation.org
Who is the CEO of Healthy Lakewood Foundation?
Khalilah Worley Billy is the President of Healthy Lakewood Foundation.
Official website here: www.healthylakewoodfoundation.org
What is the revenue of Healthy Lakewood Foundation?
Healthy Lakewood Foundation's revenue in 2022 was $4,718,401.
Official website here: www.healthylakewoodfoundation.org
Who are the executives of Healthy Lakewood Foundation and what are their salaries?
The average compensation at Healthy Lakewood Foundation during 2022 was $58,201. There are 2 employees and 15 volunteers at Healthy Lakewood Foundation.
Here are 16 key members and their salaries:
- Compensation: $100,000
- Related: $0
- Other: $3,000
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- Other: $0
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- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.healthylakewoodfoundation.org
Where can I find the form 990 for Healthy Lakewood Foundation?
Healthy Lakewood Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.healthylakewoodfoundation.org
Learn more at the official website: www.healthylakewoodfoundation.org
Mission Statement of Healthy Lakewood Foundation
The Healthy Lakewood Foundation, a nonprofit organization, is dedicated to advancing programs, policies, and practices that inspire a community where health and wellness are reflected in all aspects of life. Its mission is to inspire change, aiming to prioritize the care and support of certain populations in the Lakewood community and address specific social determinants of health. The organization focuses on supporting projects and programs that promote community building, innovation, and learning, as well as organizations that work to influence and guide change in structural systems to improve individual and community health outcomes. By implementing a comprehensive grantmaking strategy and providing various grant opportunities, the Healthy Lakewood Foundation seeks to contribute to the overall well-being of its community.
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Impact
July, 2024
Healthy Lakewood Foundation's impact can be seen through its comprehensive grantmaking strategy, which awarded a total of $519,500 in various grants in 2022. These grants supported projects and programs that prioritize the care and support of specific populations in the Lakewood community and address social determinants of health. Additionally, the foundation continued to provide COVID-response grants to mitigate the effects of the pandemic on residents.
Moreover, Healthy Lakewood Foundation made organizational improvements by hiring a part-time grants coordinator, developing a benefits program and employee handbook, and establishing a process for evaluating the executive director's performance. The foundation also enhanced its communication efforts through a marketing and communications plan, increasing its presence on social media platforms, email marketing, and website marketing.
Furthermore, the foundation engaged with the community through its annual meeting, providing an opportunity for residents and stakeholders to learn about its work, ask questions, and provide feedback. By participating in a community-wide health needs assessment, Healthy Lakewood Foundation collaborated with stakeholders to address social determinants of health within the Lakewood community.
Overall, Healthy Lakewood Foundation's impact is significant in advancing programs, policies, and practices that inspire a healthier and more well-rounded community in Lakewood, Ohio.
This information is meant to be a general summary of Healthy Lakewood 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.
- Investment Income: -$5,283
- Gross Receipts: $4,718,401
Assets and Liabilities:
- Total Assets: $16,846,391
- Total Liabilities: $4,169
- Net Assets: $16,842,222
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Organization Details
Founding Year
2018
Phone
(216) 206-6749Principal Officer
Khalilah Worley Billy
Main Address
P O BOX 770230, LAKEWOOD, OH, 44107
NTEE Category
Code: E70 - Health
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