Overview
What is Las Madrinas?
Las Madrinas is a nonprofit organization situated in LOS ANGELES, CALIFORNIA. Their primary mission is to enhance the community of Southern California by providing financial aid and assistance to Children's Hospital Los Angeles (CHLA) and other charitable or philanthropic ventures, as decided by their membership. They strive to support CHLA's medical research and other charitable endeavors, aiming to improve the lives of many within their community. This support may encompass various aspects, including but not limited to, medical research and other philanthropic projects.
Official website here: www.lasmadrinas.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 81% (Three-Star out of Four Star rating)
Las Madrinas has received a solid Three-Star rating from Charity Navigator, indicating a reliable level of transparency and accountability. The organization scored 81% overall, reflecting its commitment to responsible financial practices. Notably, the charity features a fully independent board, demonstrating strong governance with 11 out of 11 members being independent.
Strengths of Las Madrinas include a high program expense ratio of 94.09%, suggesting that a significant portion of funds raised goes directly to its programs. Additionally, the organization exhibits effective governance practices with a conflict of interest policy and whistleblower protections fully in place. The lack of material diversion of assets further emphasizes its financial integrity.
While the overall rating is positive, there's always room for improvement in organizational practices. Stakeholders may look for continuous enhancements in transparency and engagement with the community to bolster trust and support further. Overall, Las Madrinas shows a commendable commitment to its mission and financial stewardship.
This AI summary has been generated from information found on Charity Navigator.
Is Las Madrinas legitimate?
Las Madrinas is a legitimate nonprofit organization registered as a 501(c)(3) entity. Las Madrinas 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:
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For more financial information, click here
Official website here: www.lasmadrinas.org
What is the mission statement of Las Madrinas?
Las Madrinas, as an organization, aims to enhance and enrich the community of Southern California by supporting Children's Hospital Los Angeles (CHLA) and its associated medical research or other charitable and philanthropic endeavors, as decided by its membership. This support is manifested through providing financial aid and other assistance to CHLA and other eligible charitable and philanthropic enterprises, as determined by the organization's membership. The ultimate goal of Las Madrinas is to contribute positively to the community by supporting vital healthcare initiatives and research.
Official website here: www.lasmadrinas.org
Who is the CEO of Las Madrinas?
Kathleen Majcher is the President of Las Madrinas.
Official website here: www.lasmadrinas.org
What is the revenue of Las Madrinas?
Las Madrinas's revenue in 2023 was $1,859,158.
Official website here: www.lasmadrinas.org
Who are the executives of Las Madrinas and what are their salaries?
There 67 volunteers at Las Madrinas.
Here are 11 key members and their salaries:
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Official website here: www.lasmadrinas.org
Where can I find the form 990 for Las Madrinas?
Las Madrinas's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.lasmadrinas.org
Learn more at the official website: www.lasmadrinas.org
Mission Statement of Las Madrinas
Las Madrinas, a nonprofit organization, is committed to enhancing and enriching the community of Southern California. They achieve this by providing support to Children's Hospital Los Angeles (CHLA) and contributing to the hospital's medical research or other charitable and philanthropic endeavors, as decided by their membership. This support often takes the form of financial aid and other forms of assistance, all aimed at improving the well-being of the community. The organization's mission is to serve as a pillar of support for CHLA and other charitable initiatives, demonstrating a dedication to the betterment of the community as a whole.
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Impact
July, 2024
Las Madrinas makes a significant impact by providing financial aid and other assistance to Children's Hospital Los Angeles (CHLA) and other charitable and philanthropic enterprises as determined by its membership. Through its support, Las Madrinas helps to improve and enrich the community of Southern California by contributing to the critical work of CHLA in providing medical care to children in need. This support plays a crucial role in advancing medical research and providing vital resources to enhance the well-being of the community.
This information is meant to be a general summary of Las Madrinas. 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 2023.
- Investment Income: -$1,987
- Gross Receipts: $2,293,499
Assets and Liabilities:
- Total Assets: $144,484
- Total Liabilities: $524
- Net Assets: $143,960
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Organization Details
Founding Year
1938
Phone
(626) 665-4373Principal Officer
Kathleen Majcher
Main Address
4650 SUNSET BLVD MS 4, LOS ANGELES, CA, 90027
Website
www.lasmadrinas.orgNTEE Category
Code: E11 - Health
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