Overview
What is Restoring The Lake Depths Foundation Corp?
Restoring The Lake Depths Foundation Corp is a dedicated environmental nonprofit organization based in Zephyr Cove, Nevada. Their primary mission is to remove all trash from navigable freshwater lakes, specifically focusing on Lake Tahoe, in both Nevada and California. The organization operates from April to October each year, with their work depending on the weather, and they are currently surveying the lake bottom in an organized grid pattern. They use advanced remote underwater vehicles to clean the lake beds of microplastics and debris, diving as deep as 1,640 feet. The Foundation is driven by a passionate team of individuals committed to protecting freshwater lakes and shares their deep-water discoveries with their supporters. During the winter months, they focus on updating their software, fundraising, and preparing for the next summer's work.
Official website here: www.restoremylake.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 97% (Four-Star out of Four Star rating)
Restoring The Lake Depths Foundation Corp has achieved a remarkable 97% rating from Charity Navigator, indicating a strong commitment to accountability and financial health. This score is solely based on the organization’s financial practices and governance, reflecting its dedication to transparency and responsible management of resources.
The foundation excels in several key areas, including having a majority-independent board and maintaining a perfect score in asset management. With no reported material diversion of assets and a program expense ratio of over 81%, it demonstrates effective allocation of funds towards its mission, ensuring that the majority of its resources directly benefit its programs.
However, while the organization has shown exceptional performance in financial accountability, further insights into its programmatic effectiveness and outcomes are not detailed in the rating summary. This leaves potential donors with a desire for more information regarding the impact of its initiatives. Overall, Restoring The Lake Depths Foundation Corp positions itself as a trustworthy nonprofit focused on maintaining high standards in financial stewardship.
This AI summary has been generated from information found on Charity Navigator.
Is Restoring The Lake Depths Foundation Corp legitimate?
Restoring The Lake Depths Foundation Corp is a legitimate nonprofit organization registered as a 501(c)(3) entity. Restoring The Lake Depths Foundation Corp 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: $66,000
Professional Fundraising Fees: $0
Other Salaries and Wages: $30,092
For more financial information, click here
Official website here: www.restoremylake.org
What is the mission statement of Restoring The Lake Depths Foundation Corp?
The Restoring Lake Depths Foundation Corp is dedicated to the removal of trash from navigable freshwater lakes in Nevada and California. Their mission involves a meticulous process of cleaning the lake beds, targeting microplastics and debris, and even exploring new discoveries along the way. The foundation is particularly focused on Lake Tahoe and comprises a group of enthusiastic individuals who aim to protect freshwater lakes. Using advanced underwater vehicles, they plan to reach depths of 25 feet, striving to share their deep water findings with their supporters.
Official website here: www.restoremylake.org
Who is the CEO of Restoring The Lake Depths Foundation Corp?
Lindsay Kopf is the Executive Dir. of Restoring The Lake Depths Foundation Corp.
Official website here: www.restoremylake.org
What is the revenue of Restoring The Lake Depths Foundation Corp?
Restoring The Lake Depths Foundation Corp's revenue in 2022 was $252,125.
Official website here: www.restoremylake.org
Who are the executives of Restoring The Lake Depths Foundation Corp and what are their salaries?
The average compensation at Restoring The Lake Depths Foundation Corp during 2022 was $32,031. There are 3 employees and 5 volunteers at Restoring The Lake Depths Foundation Corp.
Here are 4 key members and their salaries:
- Compensation: $66,000
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.restoremylake.org
Where can I find the form 990 for Restoring The Lake Depths Foundation Corp?
Restoring The Lake Depths Foundation Corp's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.restoremylake.org
Learn more at the official website: www.restoremylake.org
Mission Statement of Restoring The Lake Depths Foundation Corp
The Restoring the Lake Depths Foundation Corp is a dedicated organization on a mission to eliminate all trash from navigable freshwater lakes in Nevada and California. With a focus on Lake Tahoe as their initial project, this group is a community of enthusiastic individuals united in their quest to protect freshwater lakes. Their mission involves using advanced underwater technology to scour the lake beds, removing microplastics and debris from depths as deep as 25 feet.
The Foundation's work does not stop at simple clean-up. They aim to document their findings, sharing intriguing discoveries with their supporters as they progress. By doing so, they hope to raise awareness about the extent of pollution in our waterways and the importance of preserving these vital natural resources. In essence, the Restoring the Lake Depths Foundation Corp is a beacon of hope for the health and future of navigable freshwater lakes in their target regions.
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Impact
June, 2024
Restoring The Lake Depths Foundation Corp's impact includes the removal of over 1,000 lbs of trash from the bottom of Lake Tahoe in a single summer. Working diligently from April to October each year, the organization utilizes advanced technology to clean the lake beds from 25 feet offshore to the depths of Lake Tahoe, effectively removing microplastics and debris. Their efforts not only contribute to the preservation of the environment but also serve as a model for protecting freshwater lakes in Nevada and California.
This information is meant to be a general summary of Restoring The Lake Depths Foundation Corp. 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: $252,125
Assets and Liabilities:
- Total Assets: $285,565
- Total Liabilities: $0
- Net Assets: $285,565
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Organization Details
Founding Year
2020
Phone
(775) 230-1116Principal Officer
Lindsay Kopf
Main Address
PO Box 644, Zephyr Cove, NV, 89448
Website
www.restoremylake.orgNTEE Category
Code: C30 - Environment
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