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Lpm Endowment Foundation

Learn about this cause: What are the reviews? Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 912051603 ✦ Lynden, WA ✦ Designated as a 501(c)(3)

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Overview

What is Lpm Endowment Foundation?

The Lpm Endowment Foundation is a nonprofit organization based in Lynden, Washington, with an address at 217 Front Street, 98264. Their primary mission is to provide long-term financial support to the Lynden Pioneer Museum. By accumulating, investing, and managing funds, the foundation aims to foster the preservation and display of the diverse cultures that shape the community's historical heritage. This ongoing financial support encourages the museum to continue its vital role in preserving and sharing the area's history with future generations.

What are the reviews and ratings of this charity?

Charity Navigator Rating: 80%, Three-Star out of Four Star rating. This score reflects a solid level of accountability and financial management, as it is based entirely on the Accountability & Finance beacon. An 80% score indicates that the Lpm Endowment Foundation demonstrates a commitment to transparency and responsible stewardship of its resources.

The foundation's strengths are highlighted by a fully independent board, with all 10 members being independent and showing a solid governance structure. Additionally, there are no material diversions of assets, and the organization has a conflict of interest policy in place, which is well-documented. The high program expense ratio of 81.02% signifies that a significant portion of its funding is directed towards its mission-driven activities.

While the rating reflects strong financial practices, it is essential to note that the overall score is solely derived from the Accountability & Finance category, which may limit insight into other operational aspects such as program impact. Overall, the Lpm Endowment Foundation showcases a commendable commitment to accountability and financial health, making it a more reliable choice for potential donors.


This AI summary has been generated from information found on Charity Navigator.

Is Lpm Endowment Foundation legitimate?

Lpm Endowment Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Lpm Endowment 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

What is the mission statement of Lpm Endowment Foundation?

The Lpm Endowment Foundation's mission is centered around providing long-term financial support. This support is aimed at the Lynden Pioneer Museum, with the primary objective of encouraging the preservation and display of the community's historical cultures. This is achieved by accumulating, investing, and managing funds effectively. The foundation's mission ultimately aims to safeguard the rich cultural heritage of the community, ensuring it is passed down for future generations to appreciate and learn from.

Who is the CEO of Lpm Endowment Foundation?

Gordon Plotts is the Director of Lpm Endowment Foundation.

What is the revenue of Lpm Endowment Foundation?

Lpm Endowment Foundation's revenue in 2022 was $94,107.

Who are the executives of Lpm Endowment Foundation and what are their salaries?

There 12 volunteers at Lpm Endowment Foundation.


Here are 10 key members and their salaries:


John Gillies (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Brandy Vandekop (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Michael D Lewis (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Gordon Plotts (Chairman (Vice Chair Through Nov 2022))
  • Compensation: $0
  • Related: $0
  • Other: $0
Susan Thiesen (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Mary Compton (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
Patrick Kirby (Director/Vice Chair At 11/22)
  • Compensation: $0
  • Related: $0
  • Other: $0
Amy Reiderich (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Richard Perry (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Terrence Symonds (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Where can I find the form 990 for Lpm Endowment Foundation?

Lpm Endowment Foundation's most recent form 990 was submitted in 2022 and can be accessed here.

Mission Statement of Lpm Endowment Foundation

The Lpm Endowment Foundation is dedicated to providing long-term financial support for the Lynden Pioneer Museum. The primary goal of this foundation is to accumulate, invest, and manage funds with the intention of encouraging the preservation and display of the cultures that shape the history of their community. By doing so, the Lpm Endowment Foundation aims to contribute to the long-term sustainability and visibility of the Lynden Pioneer Museum, ensuring that future generations can appreciate and learn from the rich cultural heritage of their community.

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Impact




October, 2024

Lpm Endowment Foundation significantly enhances the cultural landscape of Lynden by providing long-term financial support to the Lynden Pioneer Museum. Through careful accumulation, investment, and management of funds, the foundation fosters the preservation and display of the community's rich history and diverse cultures. This impact is reflected in the museum's ability to showcase local heritage, engage the public, and educate future generations. By ensuring the museum's financial stability, the foundation helps maintain a vital resource for the community, making history accessible and relevant to all. The ongoing support enhances the arts in the area, promoting a deeper understanding and appreciation of local traditions and narratives.




This information is meant to be a general summary of Lpm Endowment 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.

Revenue
$94,107 (2022)
Expenses
$49,120 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $42,296
  • Program Service Revenue: $1,048
  • Gross Receipts: $94,107

Assets and Liabilities:

  • Total Assets: $1,822,798
  • Total Liabilities: $0
  • Net Assets: $1,822,798

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Programs

Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

EVENT INCOME

Revenue

$1,048

Organization Details

Founding Year

2001

Principal Officer

Gordon Plotts

Main Address

217 FRONT STREET, LYNDEN, WA, 98264

NTEE Category

Code: A11 - Arts

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