Overview
What is Los Angeles Galaxy Foundation?
The Los Angeles Galaxy Foundation, based in Carson, California at 18400 Avalon Blvd STE 200, is a nonprofit organization committed to supporting various charitable initiatives. Primarily, they focus on funding educational and recreational programs for children, aiming to enrich their lives and development. Beyond this, the foundation also contributes to other charitable activities in the community, further extending its reach and impact.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 81%, Three-Star out of Four Star rating
The Los Angeles Galaxy Foundation has received an impressive score of 81%, which corresponds to a Three-Star rating, indicating a solid performance in financial accountability and transparency. With a notable 90% in the Accountability & Finance category, the foundation demonstrates a strong commitment to effective financial management. Key strengths include a fully independent board, adherence to conflict of interest policies, and a high program expense ratio of 90.53%, suggesting that most funding is directed towards its charitable activities.
In terms of governance, the foundation excels with 100% of its board members being independent, and it maintains comprehensive policies regarding whistleblower protection, document retention, and meeting documentation. The foundation's liabilities to assets ratio is also healthy at 16.07%, further emphasizing its financial stability. The Culture & Community score stands out at 100, reflecting the organization's commitment to fostering positive community engagement and equity strategies.
However, while the foundation has received high marks across the board, the 10% allocated to Culture & Community suggests that there may be areas for improvement in community outreach or programming specifically focused on cultural engagement. Overall, the Los Angeles Galaxy Foundation appears to be a well-managed organization with solid financial practices and a commitment to its mission.
This AI summary has been generated from information found on Charity Navigator.
Is Los Angeles Galaxy Foundation legitimate?
Los Angeles Galaxy Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Los Angeles Galaxy 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 Los Angeles Galaxy Foundation?
The Los Angeles Galaxy Foundation's mission is centered around supporting educational and recreational programs for children and contributing to various charitable activities. Their mission statement in essence is to contribute financially and resourcefully towards enriching the lives of children and communities by sponsoring educational and recreational initiatives, as well as engaging in other charitable endeavors. Through their grants, they aim to make a significant impact in these areas, thereby promoting overall development and well-being.
Who is the CEO of Los Angeles Galaxy Foundation?
Thomas Braun is the Secretary of Los Angeles Galaxy Foundation.
What is the revenue of Los Angeles Galaxy Foundation?
Los Angeles Galaxy Foundation's revenue in 2022 was $801,283.
Who are the executives of Los Angeles Galaxy Foundation and what are their salaries?
Here are 4 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
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- Other: $0
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- Other: $0
- Compensation: $0
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- Other: $0
Where can I find the form 990 for Los Angeles Galaxy Foundation?
Los Angeles Galaxy Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Los Angeles Galaxy Foundation
The Los Angeles Galaxy Foundation is an organization that is committed to supporting various educational and recreational programs for children and engaging in other charitable activities. Its mission is geared towards making a positive impact on the lives of young individuals, providing them with opportunities for growth and development. By offering grants, the foundation contributes to the successful implementation of these programs, ensuring that they can reach and benefit as many children as possible. In doing so, the Los Angeles Galaxy Foundation plays a crucial role in enriching the lives of children and contributing to their overall well-being, fostering a sense of community and empowerment.
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Impact
July, 2024
Los Angeles Galaxy Foundation's impact is focused on supporting educational and recreational programs for children and various charitable activities. Through total grants and initiatives, the foundation works to enhance the lives of young individuals in the community. Their mission is to provide opportunities for youth development through educational and recreational programs, making a positive impact on the lives of children in the Carson, CA area.
This information is meant to be a general summary of Los Angeles Galaxy 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.
- Gross Receipts: $850,425
Assets and Liabilities:
- Total Assets: $317,785
- Total Liabilities: $51,097
- Net Assets: $266,688
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Organization Details
Founding Year
1999
Phone
(310) 630-2200Principal Officer
Thomas Braun
Main Address
18400 AVALON BLVD STE 200, CARSON, CA, 90746
NTEE Category
Code: O99 - Youth development
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