Overview
What is Lps Charitable Foundation Inc?
Lps Charitable Foundation Inc, based in Miami, Florida, is a nonprofit organization with a focus on maintaining land and developing future facilities. Their primary mission is to promote Catholic faith and principles, striving to meet the needs of their community. Through their activities, they aim to support and uphold the Catholic faith while addressing the requirements of their community. The specifics of their initiatives and projects are not provided in the information, but it's clear that they aim to contribute positively to their community while adhering to their religious beliefs.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 65% (Two-Star out of Four Stars)
LPS Charitable Foundation Inc has received a Two-Star rating from Charity Navigator, indicating a below-average performance in accountability and finance. The organization scored particularly low due to a lack of independent board members and the absence of several key policies, such as conflict of interest and whistleblower policies. While the charity shows some strength in financial management with a strong program expense ratio and a healthy working capital ratio, the overall governance structure raises concerns.
One of the notable strengths of LPS Charitable Foundation is its high program expense ratio of 97.32%, which suggests that a significant majority of its funds are allocated directly to its charitable programs. Additionally, the organization has a very low liabilities to assets ratio, indicating a solid financial foundation. However, the lack of independent oversight through board members and missing critical financial documents points to gaps in transparency and accountability that potential donors may find concerning.
The absence of essential governance policies and documentation, such as website presence for tax forms and meeting minutes, limits the charity's credibility. The overall low score in fundraising efficiency further highlights challenges in raising funds effectively, which could impact its long-term sustainability. Prospective supporters should weigh these factors when considering engagement with the organization.
This AI summary has been generated from information found on Charity Navigator.
Is Lps Charitable Foundation Inc legitimate?
Lps Charitable Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Lps Charitable 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
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What is the mission statement of Lps Charitable Foundation Inc?
Lps Charitable Foundation Inc's mission is centered around promoting Catholic faith and principles, while also addressing the needs of the community. This organization strives to maintain land with the intent of developing future facilities. Furthermore, the foundation is dedicated to fostering and upholding Catholic values within the community's context.
Who is the CEO of Lps Charitable Foundation Inc?
Luis E Siman is the President of Lps Charitable Foundation Inc.
What is the revenue of Lps Charitable Foundation Inc?
Lps Charitable Foundation Inc's revenue in 2023 was $2,060,920.
Who are the executives of Lps Charitable Foundation Inc and what are their salaries?
Here are 2 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Lps Charitable Foundation Inc?
Lps Charitable Foundation Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of Lps Charitable Foundation Inc
Lps Charitable Foundation Inc is dedicated to promoting Catholic faith and principles, and it strives to assist in the needs of the community. The organization's mission is multifaceted, encompassing both the preservation of land for future facility development and the propagation of Catholic beliefs within the community's context. By maintaining land, Lps Charitable Foundation Inc is positioning itself to establish facilities that align with its religious and community-focused mission. Simultaneously, the foundation is committed to upholding and promoting Catholic faith and principles within the community, ensuring that they remain an integral part of local life.
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Impact
July, 2024
LPS Charitable Foundation Inc's impact is centered on promoting Catholic faith and principles, as well as addressing the needs of the community. Through its activities, the organization contributes to the maintenance of land for the development of future facilities and actively promotes Catholic beliefs and values to benefit the local community in Miami, FL. Additionally, the foundation's focus on housing signifies a commitment to supporting vulnerable populations and providing essential resources for those in need.
This information is meant to be a general summary of Lps Charitable 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 2023.
- Investment Income: $10,977
- Gross Receipts: $2,060,920
Assets and Liabilities:
- Total Assets: $2,834,761
- Total Liabilities: $3,874
- Net Assets: $2,830,887
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Organization Details
Founding Year
2019
Phone
(305) 234-1900Principal Officer
Luis E Siman
Main Address
12651 S DIXIE HWY SUITE 202, MIAMI, FL, 33156
NTEE Category
Code: L99 - Housing
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