Overview
What is Love Ride Foundation?
The Love Ride Foundation is a nonprofit organization dedicated to raising funds to support other organizations that enhance people's lives through various means, such as health and education. This philanthropic entity aims to contribute to the betterment of communities by financially backing initiatives that prioritize the well-being of individuals. In 2022, the Foundation did not provide any grants or aid.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 0%
The Love Ride Foundation has received a low rating of 40%, resulting in a Zero-Star out of Four Stars designation. The organization demonstrates some strengths, such as having a fully independent board and no material diversion of assets. Additionally, they have a conflict of interest policy in place, which is a positive aspect of their governance structure.
However, the foundation faces significant challenges, particularly in its financial accountability and overall program efficiency. With a program expense ratio of only 14.95%, a key concern is that a minimal portion of its funds is directed towards its programs. Furthermore, the absence of a whistleblower policy and a document retention policy raises questions about transparency and governance practices.
Overall, while Love Ride Foundation exhibits some strong governance criteria, its financial management and lack of essential policies suggest a need for improvement in accountability and effectiveness. These limitations may affect donor confidence and the foundation’s ability to fulfill its mission.
This AI summary has been generated from information found on Charity Navigator.
Is Love Ride Foundation legitimate?
Love Ride Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Love Ride 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
What is the mission statement of Love Ride Foundation?
The Love Ride Foundation's mission is centered around raising funds to support various organizations that enhance the lives of people. This can be achieved through various sectors, including health and education, or any other form of assistance. The foundation's primary objective is to contribute to initiatives that positively impact individuals' lives. In 2022, the Love Ride Foundation did not disclose any information about distributing gifts or grants.
What is the revenue of Love Ride Foundation?
Love Ride Foundation's revenue in 2023 was $2,421.
Who are the executives of Love Ride Foundation and what are their salaries?
There 10 volunteers at Love Ride Foundation.
Here are 10 key members and their salaries:
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Where can I find the form 990 for Love Ride Foundation?
Love Ride Foundation's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of Love Ride Foundation
The Love Ride Foundation, a renowned organization, is committed to raising funds for the betterment of various communities. Its mission lies in supporting other organizations that significantly impact people's lives, whether it be through health, education, or any other form of assistance. The foundation's primary objective is to contribute to initiatives that enhance the well-being of individuals and communities, thereby making a tangible difference in their lives. In 2022, the Love Ride Foundation did not distribute any gifts or grants, yet its dedication to its mission remained unwavering.
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Impact
October, 2024
The Love Ride Foundation has made a significant impact by providing funding that enables other organizations to improve the lives of individuals in various ways, focusing on health, education, and supportive services. Through its fundraising efforts, the Foundation plays a critical role in enhancing community well-being by channeling resources to initiatives that directly benefit those in need. Although there were no gifts or grants distributed in 2022, the Foundation's overarching mission continues to drive efforts to support valuable programs aimed at uplifting communities. Based in Glendale, CA, the Foundation's commitment to philanthropy fosters collaboration with organizations dedicated to making a positive difference in people's lives.
This information is meant to be a general summary of Love Ride 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 2023.
- Gross Receipts: $2,421
Assets and Liabilities:
- Total Assets: $140,339
- Total Liabilities: $0
- Net Assets: $140,339
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Organization Details
Principal Officer
Oliver Shokouh
NTEE Category
Code: T30 - Philanthropy
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