Overview
What is Lincoln County Foundation?
The Lincoln County Foundation is a charitable organization situated in Newport, Oregon. Established with the purpose of aiding the community, particularly its youth, the foundation collects and manages funds and assets to provide support through grants and scholarships. Over the year, it has disbursed a significant sum of 69,058 dollars to 17 local governmental agencies, nonprofit organizations, and other entities. These recipients utilize the funds to sustain their operations and deliver essential services to the public. The foundation's mission is deeply rooted in uplifting the well-being of the community's residents, with a special focus on supporting young people.
Official website here: www.lincf.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 92% (Four-Star out of Four Star rating)
The Lincoln County Foundation has received a strong rating of 92%, indicating high performance in accountability and finance. This score reflects the organization’s commitment to transparency and responsible management of its finances, with a perfect score on several key metrics, including an entirely independent board and a solid program expense ratio of over 79%, which demonstrates a significant portion of funds directed toward its programs.
Strengths highlighted include the foundation's full compliance with financial governance practices, such as having a listed conflict of interest policy and documented board meeting minutes. The organization has also shown no material diversion of assets, which enhances its credibility and trustworthiness among donors and stakeholders.
However, one noted limitation is the absence of a whistleblower policy, which may raise concerns about internal reporting and accountability mechanisms. Despite this gap, the overall financial health and governance structure of the Lincoln County Foundation seem robust, making it a reliable choice for potential donors.
This AI summary has been generated from information found on Charity Navigator.
Is Lincoln County Foundation legitimate?
Lincoln County Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Lincoln County 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: $48,000
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.lincf.org
What is the mission statement of Lincoln County Foundation?
The Lincoln County Foundation is an organization with a mission to aid people, particularly the young, in Lincoln County, Oregon. It achieves this by receiving, administering, and dispersing funds and other resources, primarily through grant and scholarship programs. By doing so, the foundation aims to support various initiatives and services that benefit the local community. Recently, the foundation distributed grants to 17 organizations in the region, totaling $69,058, to enhance their operations and the public services they provide.
Official website here: www.lincf.org
Who is the CEO of Lincoln County Foundation?
Lori Arce-Torres is the President of Lincoln County Foundation.
Official website here: www.lincf.org
What is the revenue of Lincoln County Foundation?
Lincoln County Foundation's revenue in 2022 was $1,726,637.
Official website here: www.lincf.org
Who are the executives of Lincoln County Foundation and what are their salaries?
The average compensation at Lincoln County Foundation during 2022 was $48,000. There is 1 employee and 7 volunteers at Lincoln County Foundation.
Here are 9 key members and their salaries:
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- Compensation: $48,000
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Official website here: www.lincf.org
Where can I find the form 990 for Lincoln County Foundation?
Lincoln County Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.lincf.org
Learn more at the official website: www.lincf.org
Mission Statement of Lincoln County Foundation
The Lincoln County Foundation is an established organization with a mission to support the community, particularly focusing on the youth of Lincoln County, Oregon. This is achieved by receiving, managing, and distributing funds and other assets. The primary objective of these resources is to aid various organizations, non-profit entities, and other relevant bodies, thereby enhancing their operations and the public services they provide. Although the specifics of how these grants are allocated are not detailed in the provided information, it is clear that the Lincoln County Foundation is committed to assisting its local community, with a special focus on fostering opportunities for young people.
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Impact
July, 2024
The Lincoln County Foundation's impact is significant in supporting the people of Lincoln County, Oregon, especially the youth, through grants and scholarships. In the past year, the foundation has provided grants to various governmental agencies, organizations, and other groups in the amount of $69,058 to support their operations and services to the public. This demonstrates the foundation's dedication to enhancing the lives of individuals in the community and fostering growth and development, particularly among the younger population.
This information is meant to be a general summary of Lincoln County 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: $916,221
- Program Service Revenue: $156,315
- Gross Receipts: $2,920,513
Assets and Liabilities:
- Total Assets: $7,497,037
- Total Liabilities: $746,899
- Net Assets: $6,750,138
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
UNUSED SCHOLARSHIPS
Revenue
$156,315
Organization Details
Founding Year
1965
Phone
(303) 506-4561Principal Officer
Lori Arce-Torres
Main Address
PO BOX 622, NEWPORT, OR, 973650622
Website
www.lincf.orgNTEE Category
Code: T31Z - Philanthropy
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