Overview
What is Src Living Legacy Foundation?
Src Living Legacy Foundation is a nonprofit organization situated in Saratoga, California, specifically at 14500 Fruitvale Avenue 1000. Its primary mission is to enrich the quality of life within and affiliated with Saratoga Retirement Community. To achieve this goal, the foundation focuses on providing educational grants to individuals who meet specific criteria. These criteria include being an employee or the child of an employee at Saratoga Retirement Community and being enrolled in or pursuing a degree in a two-year college or four-year university, while maintaining good academic standing. In 2022, the foundation granted 40 such scholarships.
Official website here: www.srclivinglegacyfoundation.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 83%, Three-Star out of Four Star Rating.
The Src Living Legacy Foundation has achieved a commendable score of 83%, reflecting a solid performance in accountability and finance. This rating is a result of strong governance practices, including a board composed entirely of independent members, with no material diversion of assets reported. These factors contribute to a transparent organizational structure that prioritizes ethical management.
The foundation demonstrates a high level of efficiency, with a program expense ratio of over 90%, indicating that a significant portion of its funding is directed towards its programs rather than administrative costs. Additionally, it has successfully implemented several key policies, such as a conflict of interest policy and maintaining meeting minutes, which showcase its commitment to accountability.
However, there are a couple of areas for improvement, such as the absence of a whistleblower policy and document retention guidelines, which are important for ensuring transparency and safeguarding against potential misconduct. Addressing these gaps could enhance the organization’s governance framework and overall trust with stakeholders.
This AI summary has been generated from information found on Charity Navigator.
Is Src Living Legacy Foundation legitimate?
Src Living Legacy Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Src Living Legacy 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:
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Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.srclivinglegacyfoundation.org
What is the mission statement of Src Living Legacy Foundation?
The Src Living Legacy Foundation's mission is centered around generating resources to enhance the quality of life within and affiliated with the Saratoga Retirement Community. Their primary activity involves providing educational grants to employees of the Saratoga Retirement Community and their children. These grants are awarded to individuals who meet certain criteria, such as being an employee or a child of an employee, and being enrolled in a two-year college or a four-year university, with good academic standing. In 2022, the foundation granted 40 such scholarships.
Official website here: www.srclivinglegacyfoundation.org
Who is the CEO of Src Living Legacy Foundation?
Vince Martin is the Chairman, Fund Development of Src Living Legacy Foundation.
Official website here: www.srclivinglegacyfoundation.org
What is the revenue of Src Living Legacy Foundation?
Src Living Legacy Foundation's revenue in 2022 was $741,061.
Official website here: www.srclivinglegacyfoundation.org
Who are the executives of Src Living Legacy Foundation and what are their salaries?
Here are 8 key members and their salaries:
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Official website here: www.srclivinglegacyfoundation.org
Where can I find the form 990 for Src Living Legacy Foundation?
Src Living Legacy Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.srclivinglegacyfoundation.org
Learn more at the official website: www.srclivinglegacyfoundation.org
Mission Statement of Src Living Legacy Foundation
The Src Living Legacy Foundation is committed to generating resources to enhance the quality of life within and affiliated with the Saratoga Retirement Community. Their primary activity involves providing educational grants to employees of the Saratoga Retirement Community and their children. These grants are awarded to individuals who meet two criteria: they are either employees of the retirement community or children of employees, and they have been accepted into or are currently pursuing a degree in a two-year college or a four-year university, maintaining good academic standing. In 2022, the foundation awarded 40 such educational grants.
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Impact
July, 2024
The Src Living Legacy Foundation's impact is felt through its Educational Grant Program, which provides scholarships to individuals who meet specific criteria. This initiative grants scholarships to employees of the Saratoga Retirement Community and their children who are pursuing a degree at a two-year college or a four-year university. In 2022, the foundation awarded 40 educational grants, contributing to the enrichment of the quality of life within and affiliated with the Saratoga Retirement Community.
This information is meant to be a general summary of Src Living Legacy 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: $20,819
- Gross Receipts: $1,081,432
Assets and Liabilities:
- Total Assets: $1,338,257
- Total Liabilities: $3,000
- Net Assets: $1,335,257
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Organization Details
Founding Year
2019
Phone
(408) 741-7353Principal Officer
Vince Martin
Main Address
14500 FRUITVALE AVENUE 1000, SARATOGA, CA, 95070
NTEE Category
Code: W99 - Public benefit
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