Overview
What is Lewis Simmons Foundation?
The Lewis Simmons Foundation is a community-focused nonprofit organization situated in Oswego, Illinois. With a strong commitment to equality and empowerment, they offer a variety of services to assist minority businesses and women entrepreneurs. Their offerings encompass training sessions, workshops, business development initiatives, leadership and professional development programs, and community development projects. The foundation abides by HUD guidelines to ensure affordable fees for their services, aiming to foster growth and success among the minority business community and female entrepreneurs.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 70%, earning it a Two-Star out of Four Star rating.
The Lewis Simmons Foundation has received a 70% rating from Charity Navigator, which indicates a moderate level of financial health and accountability. The foundation boasts a perfect score in several critical areas, including having a fully independent board and a zero percent liability to assets ratio, showcasing a solid governance structure and financial stability.
Strengths highlighted in the evaluation include a strong program expense ratio of 100%, indicating that all its expenses are directed towards program services. This aligns with the foundation's mission and reflects effective fund utilization. Furthermore, the foundation has demonstrated integrity by scoring well on the material diversion of assets, ensuring that resources are employed as intended.
However, the overall Two-Star rating suggests that there may be room for improvement in other areas of accountability and financial performance. Potential donors may want to consider these aspects and the foundation's overall impact when deciding to support its initiatives.
This AI summary has been generated from information found on Charity Navigator.
Is Lewis Simmons Foundation legitimate?
Lewis Simmons Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Lewis Simmons 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $4,490
For more financial information, click here
What is the mission statement of Lewis Simmons Foundation?
The Lewis Simmons Foundation, as a community-focused organization, aims to offer assistance in various capacities to underrepresented minority businesses and female entrepreneurs. Their mission is to provide affordable services, with fees based on guidelines set by the HUD. This non-profit organization offers support in areas such as training, workshops, business development, leadership development, and professional development, all with the intent of empowering these groups. Their services are designed to foster growth and success in these communities.
Who is the CEO of Lewis Simmons Foundation?
Terrie Simmons is the President of Lewis Simmons Foundation.
What is the revenue of Lewis Simmons Foundation?
Lewis Simmons Foundation's revenue in 2022 was $6,123.
Who are the executives of Lewis Simmons Foundation 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 Lewis Simmons Foundation?
Lewis Simmons Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Lewis Simmons Foundation
The Lewis Simmons Foundation, a community-focused organization, is dedicated to offering services and support in various domains including training, workshops, business development, leadership development, and professional development, primarily catering to minorities. Its primary mission is to provide these resources at no cost or at highly affordable rates, following HUD guidelines. The foundation's goal is to ensure that minority businesses and women entrepreneurs have access to these essential services, thereby fostering their growth and success.
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Impact
August, 2024
The Lewis Simmons Foundation's impact is significant in providing free or low-cost services to minority businesses and women entrepreneurs in the areas of training, workshops, business development, leadership development, professional development, and community development. Located in Oswego, IL, the foundation's mission is to support minority entrepreneurs and women by offering valuable resources and support to help them succeed in their ventures. By focusing on education and empowerment, the Lewis Simmons Foundation plays a crucial role in fostering economic growth and diversity within the community.
This information is meant to be a general summary of Lewis Simmons 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.
- Gross Receipts: $6,123
Assets and Liabilities:
- Total Assets: $1,742
- Total Liabilities: $0
- Net Assets: $1,742
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Organization Details
Founding Year
2019
Phone
(630) 746-5634Principal Officer
Terrie Simmons
Main Address
108 WILLOW WOOD DRIVE NORTH, OSWEGO, IL, 60543
NTEE Category
Code: B99 - Education
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