Overview
What is Lapacho Fund?
The Lapacho Fund is a connecting bridge between credible Paraguayan nonprofit organizations and US-based funding sources. Acting as a pass-through organization or fiscal sponsor, it facilitates funding for Paraguayan organizations seeking support from American donors who prefer or require their contributions to be made through a recognized 501(c)(3) public charity. By doing so, the Lapacho Fund empowers US donors to make an impact in Paraguay while also providing Paraguayan nonprofits with a broader array of funding possibilities by tapping into the US philanthropic market. The Lapacho Fund has supported organizations such as Asociacion Melodia and Salto Capital.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 73% (Two-Star out of Four Stars)
The Lapacho Fund has received a rating of 73%, resulting in a Two-Star designation. This rating reflects the organization's accountability and financial management, indicating areas of strength such as a fully independent board and a perfect program expense ratio, demonstrating that all resources are directed toward its mission. The charity also maintains a favorable liabilities to assets ratio, which suggests financial stability.
However, the organization has notable limitations in its governance practices. Specifically, it lacks critical policies such as a conflict of interest policy, a whistleblower policy, and a document retention plan. These gaps could impact transparency and accountability, raising concerns for potential donors regarding the charity's internal controls.
Overall, while the Lapacho Fund excels in certain financial metrics and governance aspects, it must address the missing policies to improve its overall rating and strengthen donor confidence.
This AI summary has been generated from information found on Charity Navigator.
Is Lapacho Fund legitimate?
Lapacho Fund is a legitimate nonprofit organization registered as a 501(c)(3) entity. Lapacho Fund 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
What is the mission statement of Lapacho Fund?
The Lapacho Fund serves as a bridge between credible Paraguayan non-profit organizations and US-based funding sources. Acting as a fiscal sponsor, it allows US donors who require or prefer contributions to be made through an IRS-recognized public charity to have an impact in Paraguay. By providing this service, the Lapacho Fund enables Paraguayan non-profits to expand their potential sources of funding, reaching out to the US philanthropic market. In essence, the Lapacho Fund facilitates collaborations that benefit both US funders and Paraguayan non-profit organizations.
Who is the CEO of Lapacho Fund?
David Peery is the Director of Lapacho Fund.
What is the revenue of Lapacho Fund?
Lapacho Fund's revenue in 2022 was $199,866.
Who are the executives of Lapacho Fund and what are their salaries?
Here are 3 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Lapacho Fund?
Lapacho Fund's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Lapacho Fund
Lapacho Fund serves as a bridge connecting credible Paraguayan non-profit organizations with U.S.-based funding sources. Acting as a "pass-through organization" or "fiscal sponsor," Lapacho Fund enables Paraguayan organizations to receive funding from U.S. donors who prefer or require contributions to be made through an IRS-recognized public charity under Section 501(c)(3). By doing so, Lapacho Fund enables U.S. funders to make an impact in Paraguay, while also expanding the funding potential of Paraguayan non-profits by tapping into the U.S. philanthropic market.
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Impact
October, 2024
Lapacho Fund enhances philanthropic impact by acting as a critical connector between well-vetted Paraguayan NGOs and U.S. funding sources. By serving as a pass-through organization or fiscal sponsor, it facilitates the flow of funding for Paraguayan organizations that seek contributions from U.S. donors who prefer to contribute through an IRS-recognized public charity. This enables U.S. funders to make a tangible difference in Paraguay while empowering local nonprofits to access a broader range of funding opportunities in the U.S. market. Through its initiatives, such as awarding grants to organizations like Asociacion Melodia and Salto Capital, Lapacho Fund significantly expands the potential for impactful projects and sustainable development within Paraguay.
This information is meant to be a general summary of Lapacho Fund. 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: $199,866
Assets and Liabilities:
- Total Assets: $104,150
- Total Liabilities: $0
- Net Assets: $104,150
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Organization Details
Founding Year
2020
Phone
(650) 380-3773Principal Officer
David Peery
Main Address
125 W MAIN ST 1090, MIDWAY, UT, 84049
NTEE Category
Code: T20 - Philanthropy
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