Overview
What is Lockman Foundation?
The Lockman Foundation is a nonprofit organization with a Christian focus, based on interdenominational values. Their primary mission is to support and encourage charitable and educational initiatives, primarily centered around the translation and dissemination of the Holy Bible. As a dedicated ministry, they aim to make the Scriptures accessible to various denominations, working tirelessly to promote this cause.
Official website here: www.lockman.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 81%, Three-Star out of Four Star rating
The Lockman Foundation has achieved an 81% rating, which reflects a strong commitment to accountability and finance. This rating is earned entirely from a single beacon score, emphasizing the organization’s sound financial practices and governance. Notably, the foundation has maintained a high level of transparency with an independent board, comprising 60% independent members and demonstrating effective oversight.
The foundation has scored exceptionally well in various categories, including a 90.90% program expense ratio, indicating that a significant portion of its expenses directly supports its mission. Additionally, the absence of material diversion of assets and adherence to conflict of interest policies further underline the organization's integrity and responsible management of resources.
Despite its strengths in accountability and financial performance, the overall rating is based solely on one beacon score, which may limit the understanding of the organization’s impact beyond financial metrics. However, the foundation's robust governance practices and high program expenditure suggest a focused commitment to fulfilling its mission effectively.
This AI summary has been generated from information found on Charity Navigator.
Is Lockman Foundation legitimate?
Lockman Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Lockman 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: $295,960
Professional Fundraising Fees: $0
Other Salaries and Wages: $425,005
For more financial information, click here
Official website here: www.lockman.org
What is the mission statement of Lockman Foundation?
The Lockman Foundation, an interdenominational non-profit ministry, is committed to furthering Christian charitable and educational initiatives. Its primary focus lies in the translation and distribution of the Scriptures, aiming to spread religious knowledge and understanding among various denominations. The organization's mission is to promote the dissemination of the Holy Bible, serving as a key resource for individuals seeking spiritual guidance and understanding.
Official website here: www.lockman.org
Who is the CEO of Lockman Foundation?
Pike Lambeth is the Exec Vpsec Treasurer of Lockman Foundation.
Official website here: www.lockman.org
What is the revenue of Lockman Foundation?
Lockman Foundation's revenue in 2022 was $1,862,813.
Official website here: www.lockman.org
Who are the executives of Lockman Foundation and what are their salaries?
The average compensation at Lockman Foundation during 2022 was $45,060. There are 16 employees at Lockman Foundation.
Here are 5 key members and their salaries:
- Compensation: $201,960
- 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.lockman.org
Where can I find the form 990 for Lockman Foundation?
Lockman Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.lockman.org
Learn more at the official website: www.lockman.org
Mission Statement of Lockman Foundation
The Lockman Foundation, a distinguished non-profit organization, is committed to nurturing and advancing Christian charitable and educational ventures. Serving as an interdenominational ministry, this organization's primary mission is centered around the translation and dissemination of the Holy Scriptures. With a dedication to promoting spiritual growth and understanding, The Lockman Foundation plays a significant role in making the Bible accessible to a wide range of individuals and communities, thereby fostering spiritual enrichment and education.
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Impact
July, 2024
Lockman Foundation's impact is significant in the realm of HOLY BIBLE TRANSLATION AND DISTRIBUTION. The organization, based in LA HABRA, CA, is dedicated to translating and distributing the Scriptures to promote Christian charitable and educational enterprises. Their work is crucial in spreading the message of the Bible across different communities and supporting religious education. The foundation's mission emphasizes their commitment to serving a wide range of denominations and providing access to the Scriptures for all who seek them.
This information is meant to be a general summary of Lockman 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: $53,777
- Program Service Revenue: $1,247,701
- Gross Receipts: $8,263,106
Assets and Liabilities:
- Total Assets: $14,538,404
- Total Liabilities: $80,104
- Net Assets: $14,458,300
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Bible TranslationDist
Revenue
$1,247,701
Organization Details
Founding Year
1942
Phone
(714) 879-3055Principal Officer
Pike Lambeth
Main Address
PO BOX 2279, LA HABRA, CA, 906322279
Website
www.lockman.orgNTEE Category
Code: X20Z - Religion related
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