Overview
What is Lcmc Endowment Fund Inc?
Lcmc Endowment Fund Inc is a nonprofit organization situated in Lake City, Colorado. Their primary objective is to offer financial assistance to the Lake Fork Health Services District, Silver Thread Public Health District, and Hinsdale County EMS. This aid is intended to enhance medical resources and facilitate the provision of education, equipment, and special programs in the region, which lacks hospitals or alternative medical care facilities within a 50-mile radius. The Lcmc Endowment Fund Inc also collaborates with the Corrigan-Goddard Foundation to secure additional funds for network upgrades. The organization's mission is to support these entities in delivering high-quality medical services to the community.
Official website here: www.lcmcendowmentfund.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 83%, Three-Star out of Four Star rating.
The Lcmc Endowment Fund Inc has received an 83% score from Charity Navigator, indicative of a solid performance in accountability and financial health. The organization boasts a fully independent board, with 100% of its members meeting the criteria for independence. This governance structure reflects positively on the organization's commitment to transparency and ethical management.
Strengths of the organization include a strong program expense ratio of 93.85%, indicating that a significant portion of its funding is allocated directly to its programs rather than administrative costs. The absence of material diversion of assets further enhances its financial integrity, while proper documentation of board meeting minutes demonstrates good governance practices.
However, there are notable limitations, particularly in the area of governance policies, as the organization lacks a whistleblower policy and a document retention and destruction policy. These missing elements could potentially raise concerns regarding internal controls and accountability. Overall, while the Lcmc Endowment Fund Inc shows strengths in key areas, attention to its governance policies would benefit its overall evaluation.
This AI summary has been generated from information found on Charity Navigator.
Is Lcmc Endowment Fund Inc legitimate?
Lcmc Endowment Fund Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Lcmc Endowment Fund 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.
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Official website here: www.lcmcendowmentfund.org
What is the mission statement of Lcmc Endowment Fund Inc?
The LCMC Endowment Fund's mission is to serve as a supporting entity for the Lake Fork Health Services District, Silver Thread Public Health District, and Hinsdale County EMS. Its goal is to enhance the provision of quality medical resources in areas lacking hospitals or alternative healthcare facilities, which are at least 50 miles away. The fund achieves this by offering financial aid for education, equipment, and special programs. This assistance includes grants for patio furniture, strategic planning workshops, employee recognition, education expenses, and year-end bonuses. Additionally, the Endowment Fund collaborates with the District to secure grants from external sources, such as the Corrigan-Goddard Foundation, for network upgrades.
Official website here: www.lcmcendowmentfund.org
Who is the CEO of Lcmc Endowment Fund Inc?
Bernie Krystyniak is the President And Treasurer of Lcmc Endowment Fund Inc.
Official website here: www.lcmcendowmentfund.org
What is the revenue of Lcmc Endowment Fund Inc?
Lcmc Endowment Fund Inc's revenue in 2022 was $108,495.
Official website here: www.lcmcendowmentfund.org
Who are the executives of Lcmc Endowment Fund Inc and what are their salaries?
There 16 volunteers at Lcmc Endowment Fund Inc.
Here are 9 key members and their salaries:
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Official website here: www.lcmcendowmentfund.org
Where can I find the form 990 for Lcmc Endowment Fund Inc?
Lcmc Endowment Fund Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.lcmcendowmentfund.org
Learn more at the official website: www.lcmcendowmentfund.org
Mission Statement of Lcmc Endowment Fund Inc
The LCMC Endowment Fund's mission is to serve as a supportive partner to the Lake Fork Health Services District, the Silver Thread Public Health District, and Hinsdale County EMS. In this role, its objective is to enhance the provision of high-quality medical resources in areas lacking hospitals or alternative healthcare facilities, which are situated at least 50 miles away. To achieve this goal, the LCMC Endowment Fund provides financial assistance for various educational programs, equipment, and special projects for these entities. This aid can include funding for patio furniture, strategic planning workshops, employee recognition events, education expenses, and year-end employee bonuses, among other initiatives. Furthermore, the Fund partners with these districts to secure grants from external sources, such as the Corrigan-Goddard Foundation, for significant investments, like network upgrades.
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Impact
October, 2024
The LCMC Endowment Fund Inc significantly enhances healthcare provision in Lake City and its surrounding areas, where access to medical resources is critically limited. By offering targeted financial assistance to local health organizations, such as the Lake Fork Health Services District, Silver Thread Public Health District, and Hinsdale County EMS, the Fund facilitates the development of essential educational programs, the purchase of necessary equipment, and the implementation of special initiatives aimed at improving community health outcomes.
Recent grants have supported vital projects, including the provision of patio furniture for patient comfort and funding for strategic planning workshops that help health organizations better serve the community. Employee recognition and education expenses contribute to a more motivated and skilled workforce, while year-end bonuses reflect a commitment to staff retention and morale.
Moreover, the Fund plays a pivotal role in securing additional resources through partnerships, exemplified by a collaborative grant with the Corrigan-Goddard Foundation, which supports critical network upgrades essential for efficient operations. Through these initiatives, the LCMC Endowment Fund Inc not only bolsters the healthcare infrastructure but also helps create a robust support system for the dedicated professionals serving the health needs of a geographically isolated population.
This information is meant to be a general summary of Lcmc Endowment Fund 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: $11,426
- Gross Receipts: $369,386
Assets and Liabilities:
- Total Assets: $728,087
- Total Liabilities: $0
- Net Assets: $728,087
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Organization Details
Founding Year
1996
Phone
(281) 770-1270Principal Officer
Bernie Krystyniak
Main Address
PO Box 822, Lake City, CO, 81235
Website
www.lcmcendowmentfund.orgNTEE Category
Code: E11 - Health
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