Overview
What is Lake Merritt Institute?
The Lake Merritt Institute is a charitable organization located at 568 Bellevue Avenue, Oakland, CA 94610. With a workforce of 7 dedicated individuals, its primary mission is to maintain and enhance Lake Merritt. The Institute has made significant strides in this regard, removing 68,790 gallons of trash from the lake. Furthermore, they have developed safety protocols for their COVID-19 operations and conducted 23 educational presentations. Their activities extend beyond just lake maintenance, as they have also focused on ensuring the safety and well-being of those involved.
Official website here: www.lakemerrittinstitute.org/
What are the reviews and ratings of this charity?
Charity Navigator Rating 97% - Four-Star out of Four Star Rating
The Lake Merritt Institute has achieved an impressive 97% score on Charity Navigator, earning it a Four-Star rating. This high score reflects a strong emphasis on accountability and finance, indicating that the organization effectively manages its resources and maintains transparency in its operations. The evaluation is based entirely on its financial practices, underscoring the Institute's commitment to responsible stewardship.
Strengths of the organization include a fully independent board of directors, which is crucial for unbiased governance. Additionally, the Institute demonstrates no material diversion of assets, a low liabilities-to-assets ratio, and a high program expense ratio of 77.73%, suggesting that a significant portion of its funding is directed toward programs rather than administrative costs. These factors contribute to the overall trustworthiness and reliability of the organization in fulfilling its mission.
While the data does not highlight specific limitations or challenges faced by the Lake Merritt Institute, the focus on financial accountability and governance suggests a robust operational framework. It remains essential for stakeholders to continually monitor the organization’s performance as it evolves to ensure ongoing effectiveness and impact within the community.
This AI summary has been generated from information found on Charity Navigator.
Is Lake Merritt Institute legitimate?
Lake Merritt Institute is a legitimate nonprofit organization registered as a 501(c)(3) entity. Lake Merritt Institute 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: $74,912
Professional Fundraising Fees: $0
Other Salaries and Wages: $103,420
For more financial information, click here
Official website here: www.lakemerrittinstitute.org/
What is the mission statement of Lake Merritt Institute?
The Lake Merritt Institute is a charitable organization dedicated to maintaining and improving Lake Merritt. Its mission involves removing waste from the lake and enhancing its overall condition. Additionally, the institute has developed educational presentations and safety protocols for COVID-19 operations.
Official website here: www.lakemerrittinstitute.org/
Who is the CEO of Lake Merritt Institute?
Richard Bailey is the Treasurer of Lake Merritt Institute.
Official website here: www.lakemerrittinstitute.org/
What is the revenue of Lake Merritt Institute?
Lake Merritt Institute's revenue in 2022 was $247,935.
Official website here: www.lakemerrittinstitute.org/
Who are the executives of Lake Merritt Institute and what are their salaries?
The average compensation at Lake Merritt Institute during 2022 was $25,476. There are 7 employees and 1716 volunteers at Lake Merritt Institute.
Here are 7 key members and their salaries:
- Compensation: $74,912
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- 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.lakemerrittinstitute.org/
Where can I find the form 990 for Lake Merritt Institute?
Lake Merritt Institute's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.lakemerrittinstitute.org/
Learn more at the official website: www.lakemerrittinstitute.org/
Mission Statement of Lake Merritt Institute
The Lake Merritt Institute, a charitable organization, is dedicated to maintaining and enhancing the health and beauty of Lake Merritt. This institution's mission revolves around preserving the lake, ensuring its cleanliness, and promoting its aesthetic value. As part of its efforts, the Institute has successfully removed over 68,790 gallons of trash from the lake.
In addition to its clean-up initiatives, the Institute also focuses on education, having conducted 23 educational presentations to raise awareness about the lake and its preservation. Furthermore, the Institute has developed a safety protocol for its operations during the COVID-19 pandemic, demonstrating its commitment to the well-being of both the lake and its visitors.
In essence, the Lake Merritt Institute is a vital force in the maintenance and enhancement of one of the city's most cherished natural landmarks. Through its various programs and initiatives, it aims to protect and preserve Lake Merritt, educate the public, and operate safely during challenging times.
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Impact
June, 2024
Lake Merritt Institute has made a significant impact in maintaining and enhancing Lake Merritt in Oakland, California. They have removed 68,790 gallons of trash from the lake, conducted 23 educational presentations, and developed safety protocols for COVID operations. Their efforts have not only helped keep the lake clean and healthy but have also raised awareness about environmental conservation and sustainability in the community.
This information is meant to be a general summary of Lake Merritt Institute. 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: $247,935
Assets and Liabilities:
- Total Assets: $43,183
- Total Liabilities: $20
- Net Assets: $43,163
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Organization Details
Founding Year
1992
Principal Officer
Richard Bailey
Main Address
568 BELLEVUE AVENUE, OAKLAND, CA, 94610
NTEE Category
Code: C320 - Environment
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