Overview
What is Life Center Foundation?
The Life Center Foundation, situated in Santa Fe, New Mexico, is a nonprofit organization dedicated to establishing a supportive environment and offering care for at-risk children in the northern part of the state. In 2022, they extended financial aid to four local organizations, all of which focus on assisting children and teenagers. The foundation's primary mission involves providing funding to non-profit organizations that facilitate emotional, educational, and recreational programs for children and youth. By doing so, the Life Center Foundation aims to contribute positively to the well-being and development of these young individuals in their community.
Official website here: www.thelifecenterfoundation.com
What are the reviews and ratings of this charity?
Charity Navigator Rating: 83% (Three-Star out of Four Star rating)
The Life Center Foundation has achieved a score of 83%, indicating a solid performance in accountability and finance. This score is crucial as it reflects the organization's commitment to responsible financial management and governance. Notably, the organization has a perfect score for having an independent board, which is a strong indicator of effective oversight.
Strengths of the organization include a high program expense ratio of 70.89%, suggesting that a significant portion of its resources is directed towards its programs rather than overhead. Additionally, it maintains a favorable liabilities to assets ratio of 0.00%, demonstrating financial stability. However, there are areas for improvement, particularly in governance policies, as the foundation is missing both a whistleblower policy and a document retention policy.
While the Life Center Foundation shows strong accountability through its financial practices, the absence of certain governance policies highlights a need for enhanced transparency and risk management. Overall, they are performing well in key areas, but addressing these gaps could further strengthen their standing and effectiveness.
This AI summary has been generated from information found on Charity Navigator.
Is Life Center Foundation legitimate?
Life Center Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Life Center 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:
Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.thelifecenterfoundation.com
What is the mission statement of Life Center Foundation?
The Life Center Foundation's mission is focused on providing financial support to non-profit organizations that offer emotional, educational, and recreational programs for children and youth. By doing so, the foundation aims to contribute to their overall well-being and development. In a broader sense, the Life Center Foundation establishes a supportive structure and care for at-risk children, primarily in northern New Mexico. In 2022, grants were distributed to four local organizations, all of which work with children and teenagers.
Official website here: www.thelifecenterfoundation.com
Who is the CEO of Life Center Foundation?
Marjorie Miller-Engel is the President of Life Center Foundation.
Official website here: www.thelifecenterfoundation.com
What is the revenue of Life Center Foundation?
Life Center Foundation's revenue in 2022 was $80,080.
Official website here: www.thelifecenterfoundation.com
Who are the executives of Life Center Foundation and what are their salaries?
There 7 volunteers at Life Center Foundation.
Here are 7 key members and their salaries:
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Official website here: www.thelifecenterfoundation.com
Where can I find the form 990 for Life Center Foundation?
Life Center Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.thelifecenterfoundation.com
Learn more at the official website: www.thelifecenterfoundation.com
Mission Statement of Life Center Foundation
The Life Center Foundation is dedicated to supporting non-profit organizations that offer programs designed to benefit children and youth. Their mission is to provide funding for initiatives that focus on the emotional, educational, and recreational needs of these young individuals. By offering financial assistance, the Life Center Foundation aims to create a supportive structure and care for at-risk children, particularly in northern New Mexico. In the year 2022, grants were distributed to four local organizations, all of which work primarily with children and adolescents. These grants enable these non-profits to continue their vital work in providing essential services and opportunities for the well-being and development of young people.
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Impact
August, 2024
The Life Center Foundation positively impacts at-risk children and teenagers in Northern New Mexico by providing funding for nonprofit organizations that offer emotional, educational, and recreational programs for youth. In 2022, grants were awarded to four local organizations working with children and teenagers, ensuring they have access to crucial support and care. This significant support helps create a supportive structure for at-risk youth in Santa Fe, NM, ultimately improving their well-being and opportunities for a brighter future.
This information is meant to be a general summary of Life Center 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: $30,725
- Gross Receipts: $735,226
Assets and Liabilities:
- Total Assets: $344,067
- Total Liabilities: $0
- Net Assets: $344,067
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Organization Details
Founding Year
1982
Phone
(505) 424-1404Principal Officer
Marjorie Miller-Engel
Main Address
460 SAINT MICHAELS DRIVE 102, SANTA FE, NM, 87505
NTEE Category
Code: P80 - Human services
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