Overview
What is The Loveland Foundation Inc?
The Loveland Foundation Inc., based in Brooklyn, New York, is a nonprofit organization dedicated to supporting communities of color, with a special emphasis on Black women and girls. Their mission is to make a significant impact in unique and empowering ways. The foundation's primary activity involves providing access to a comprehensive directory of mental health professionals nationwide, ensuring that these professionals deliver high-quality, culturally competent services. This nonprofit organization, which employs nine individuals, was established with the objective of uplifting and advocating for these specific communities.
Official website here: www.thelovelandfoundation.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 87% (Three-Star out of Four Star rating)
The Loveland Foundation Inc has received an 87% score, reflecting a solid performance in accountability and finance. The rating highlights the organization’s strong governance practices, including a fully independent board and effective financial oversight, which contribute to its overall reliability as a nonprofit. The charity demonstrates a commitment to transparency, with policies in place for conflict of interest and whistleblower protections.
However, there are limitations noted in the financial evaluation, particularly regarding fundraising efficiency, where it scored 0 out of 25. This suggests challenges in generating revenue through fundraising efforts, which could impact its sustainability and growth. Additionally, the organization has an independent board size score of 0, indicating potential concerns regarding board diversity or representation.
Overall, while The Loveland Foundation Inc shows strengths in accountability and financial policies, it may benefit from improving its fundraising strategies and board composition to enhance its overall effectiveness and impact in the community it serves.
This AI summary has been generated from information found on Charity Navigator.
Is The Loveland Foundation Inc legitimate?
The Loveland Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Loveland Foundation Inc 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: $370,000
Professional Fundraising Fees: $0
Other Salaries and Wages: $251,502
For more financial information, click here
Official website here: www.thelovelandfoundation.org
What is the mission statement of The Loveland Foundation Inc?
The Loveland Foundation Inc., with a focus on communities of color, especially Black women and girls, was established with a mission to make a significant impact in unique and powerful ways. This non-profit organization is dedicated to providing support and resources to these communities, striving to create opportunities for growth and empowerment. One of their key initiatives is the Loveland Therapy Fund, which offers Black women and girls access to a comprehensive list of mental health professionals nationwide, providing high-quality, culturally competent services.
Official website here: www.thelovelandfoundation.org
Who is the CEO of The Loveland Foundation Inc?
Sharlene Shortt is the President of The Loveland Foundation Inc. The CEO's salary of The Loveland Foundation Inc is $250,000 and their total compensation is $250,000.
Official website here: www.thelovelandfoundation.org
What is the revenue of The Loveland Foundation Inc?
The Loveland Foundation Inc's revenue in 2022 was $4,559,065.
Official website here: www.thelovelandfoundation.org
Who are the executives of The Loveland Foundation Inc and what are their salaries?
The average compensation at The Loveland Foundation Inc during 2022 was $69,056. There are 9 employees at The Loveland Foundation Inc.
Here are 5 key members and their salaries (The Loveland Foundation Inc's CEO's salary is $250,000 and their total compensation is $250,000):
- Compensation: $120,000
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $250,000
- Related: $0
- Other: $0
Official website here: www.thelovelandfoundation.org
Where can I find the form 990 for The Loveland Foundation Inc?
The Loveland Foundation Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.thelovelandfoundation.org
Learn more at the official website: www.thelovelandfoundation.org
Mission Statement of The Loveland Foundation Inc
The Loveland Foundation Inc. is a nonprofit organization that was established with a mission to make a significant impact in the lives of communities of color, with a special focus on Black women and girls. Their mission is centered around showing up for these communities in distinctive and impactful ways. This nonprofit organization is committed to addressing the unique needs and experiences of Black women and girls, recognizing the importance of their well-being and empowerment.
The Loveland Foundation Inc. has a particular focus on mental health, as they understand the importance of mental wellness in overall well-being. To achieve this, they have established the Loveland Therapy Fund. This fund provides access to comprehensive lists of mental health professionals across the nation. These professionals are trained to offer high-quality, culturally competent services to Black women and girls. By doing so, The Loveland Foundation Inc. is working towards addressing the mental health needs of these communities in a meaningful and supportive way.
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Impact
July, 2024
The Loveland Foundation Inc's impact is significant in providing mental health support and resources specifically tailored to Black women and girls. Through their Therapy Fund program, they offer access to a network of mental health professionals across the country who provide high-quality, culturally competent services. By focusing on communities of color, particularly Black women and girls, The Loveland Foundation Inc is actively working towards addressing mental health disparities and advocating for civil rights in a unique and powerful way.
This information is meant to be a general summary of The Loveland Foundation Inc. 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: $151,875
- Program Service Revenue: $50,000
- Gross Receipts: $4,559,065
Assets and Liabilities:
- Total Assets: $24,012,469
- Total Liabilities: $124,755
- Net Assets: $23,887,714
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
PROGRAM SERVICE REVENUE
Revenue
$50,000
Organization Details
Founding Year
2019
Phone
(718) 928-8893Principal Officer
Sharlene Shortt
Main Address
320 7TH AVENUE, BROOKLYN, NY, 11215
NTEE Category
Code: R20 - Civil rights
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