Overview
What is Lions Float Inc?
Lions Float Inc, based in Huntington Beach, California, is a nonprofit organization dedicated to designing, constructing, and decorating a float for the Lions Clubs International entry in the Tournament of Roses Parade. Their primary mission involves overseeing the project, raising funds, managing the design process, and coordinating volunteers for float decoration. This annual event serves as a platform for showcasing creativity and community spirit, while also providing an opportunity for fundraising and volunteer engagement.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 73%, Two-Star out of Four Star rating. This rating reflects Lions Float Inc's overall performance in accountability and finance, suggesting that while the organization maintains solid financial practices, there may be some areas for improvement to reach a higher rating.
The organization demonstrates strong governance, as evidenced by having 100% independent board members and a fully independent board size of 12. It also scores well in financial health, with a low liabilities to assets ratio and a high program expense ratio, indicating that a significant portion of its funding goes directly to its programs.
However, despite these strengths, the overall rating of 73% indicates that there may be other weaknesses or inefficiencies within the organization that need to be addressed. Stakeholders might want to consider these factors when evaluating the nonprofit's effectiveness and impact in its community.
This AI summary has been generated from information found on Charity Navigator.
Is Lions Float Inc legitimate?
Lions Float Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Lions Float Inc 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
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What is the mission statement of Lions Float Inc?
Lions Float Inc's primary role is to oversee the creation and decoration of the Lions Clubs International float for the Tournament of Roses Parade. This organization is responsible for raising funds, overseeing the design, and coordinating volunteers for the float decorating process. In essence, Lions Float Inc plays a crucial part in ensuring the successful participation of Lions Clubs International in this prestigious parade, while also engaging the community through fundraising efforts.
Who is the CEO of Lions Float Inc?
Howard Hudson is the President of Lions Float Inc.
What is the revenue of Lions Float Inc?
Lions Float Inc's revenue in 2023 was $158,243.
Who are the executives of Lions Float Inc and what are their salaries?
There 900 volunteers at Lions Float Inc.
Here are 12 key members and their salaries:
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Where can I find the form 990 for Lions Float Inc?
Lions Float Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of Lions Float Inc
Lions Float Inc, a nonprofit organization, plays a significant role in overseeing the Lions Clubs International float entry for the prestigious Tournament of Roses Parade. Their primary mission involves raising funds, overseeing the design, and organizing and directing volunteers for the decoration of the float. This endeavor allows Lions Float Inc to contribute to the renowned parade while also providing an opportunity for volunteer engagement. The organization is responsible for the entire design, construction, and decoration process of the Lions Clubs International float, ensuring a visually striking and memorable presence in the parade.
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Impact
October, 2024
Lions Float Inc has a significant impact through its role in the Tournament of Roses Parade by overseeing the design, construction, and decoration of the Lions Clubs International float. Located in Huntington Beach, CA, the organization not only raises funds to support these efforts but also organizes and directs a diverse group of volunteers who contribute their time and talents to bring the float to life.
This engagement fosters a sense of community and teamwork, uniting individuals from different backgrounds under a shared mission of showcasing the Lions Clubs' commitment to service and charity on a global stage. Through its participation in this prestigious event, Lions Float Inc promotes the values of community service, volunteerism, and international camaraderie while enhancing public awareness of the Lions Clubs International's mission and contributions to society. The float serves not just as a festive spectacle but as a symbol of unity and charitable outreach, inspiring others to get involved and make a difference in their communities.
This information is meant to be a general summary of Lions Float Inc. 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: $8
- Gross Receipts: $173,170
Assets and Liabilities:
- Total Assets: $28,378
- Total Liabilities: $1,048
- Net Assets: $27,330
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Organization Details
Founding Year
1993
Phone
(714) 856-0022Principal Officer
Howard Hudson
Main Address
7171 WARNER AVE B159, HUNTINGTON BEACH, CA, 92649
NTEE Category
Code: Q33 - International
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