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Lhs Foundation Inc

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 341678593 ✦ Toledo, OH ✦ Designated as a 501(c)(3)

Overview

What is Lhs Foundation Inc?

Lhs Foundation Inc is a faith-based, not-for-profit organization situated in Toledo, Ohio. Its primary mission is to gather, protect, invest, and disburse donations to support the caring ministries of Lutheran Homes Society. This society provides residential care and supportive services for both the youth and elderly. The foundation serves the vulnerable populations in northwestern Ohio and southeastern Michigan, operating in various settings. In 2022, the active donor list counted 365 individuals. Lhs Foundation significantly contributes to the community by funding charitable activities and providing executive management, strategic planning, and advocacy support to Lutheran Homes Society, thereby improving the general health and welfare of the communities in which they operate.


Official website here: www.genacrosslutheranservices.org

Is Lhs Foundation Inc legitimate?

Lhs Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Lhs Foundation 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.

Here 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


Official website here: www.genacrosslutheranservices.org

What is the mission statement of Lhs Foundation Inc?

The Lhs Foundation Inc's primary purpose is to offer financial support for the charitable activities of Lutheran Homes Society Inc. and its subsidiaries. This is accomplished by soliciting, receiving, and investing gifts of money and property, administrating and disbursing these funds, and increasing their value for exclusively charitable uses. Lutheran Homes Society Inc., which serves as the parent corporation for the foundation, promotes and facilitates charitable, religious, educational, and scientific purposes for which it has received tax exemption. It supports the foundation by providing executive management, strategic planning, policy formulation, and advocacy. Additionally, Lutheran Homes Society engages in activities intended to assist the foundation directly or indirectly in promoting the general health and welfare of communities it operates in. Furthermore, the corporation aims to promote more efficient utilization of resources through the exercise of its charitable purposes.


Official website here: www.genacrosslutheranservices.org

Who is the CEO of Lhs Foundation Inc?

William R Marshall is the Asst. Sec. / of Lhs Foundation Inc.


Official website here: www.genacrosslutheranservices.org

What is the revenue of Lhs Foundation Inc?

Lhs Foundation Inc's revenue in 2022 was $576,427.


Official website here: www.genacrosslutheranservices.org

Who are the executives of Lhs Foundation Inc and what are their salaries?

Here are 9 key members and their salaries:

    William R Marshall (Asst. Sec. /)
  • Compensation: $0
  • Related: $327,636
  • Other: $64,289

    • Lorinda Schalk (Treasurer)
  • Compensation: $0
  • Related: $221,861
  • Other: $37,726

    • Judy Ashley (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • James Bingle (Vice Preside) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Beth Charvat (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Marissa Fitzpatrick (Secretary) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Paula Hicks-Hudson (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Katrin Mcbroom (President) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Rev Dr Tim Philabaum (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0


  • Official website here: www.genacrosslutheranservices.org

    Where can I find the form 990 for Lhs Foundation Inc?

    The Lhs Foundation Inc’s most recent form 990 was submitted in 2022 and can be accessed here


    Official website here: www.genacrosslutheranservices.org

    Learn more at the official website: www.genacrosslutheranservices.org

    Mission Statement of Lhs Foundation Inc

    Lhs Foundation Inc, a charitable organization, is primarily established to provide financial aid for the philanthropic activities of Lutheran Homes Society Inc and its subsidiaries. The foundation's role involves soliciting, receiving, and investing donations, as well as managing and distributing these funds for exclusively charitable purposes. Lutheran Homes Society Inc, the parent corporation of Lhs Foundation Inc, supports the organization by providing executive management, strategic planning, policy formulation, and advocacy services. The society also engages in activities aimed at assisting Lhs Foundation Inc directly or indirectly in promoting the general health and welfare of communities it operates in. Furthermore, Lutheran Homes Society Inc encourages more efficient resource utilization through the exercise of its charitable, religious, educational, and scientific purposes. In essence, Lhs Foundation Inc leverages these benefits and services to enhance its capacity in supporting charitable causes.

    Impact

    This information is meant to be a general summary of Lhs Foundation Inc. Please take the time to review official sources before making any decisions based upon the content provided here.




    Wednesday, July 24, 2024

    LHS Foundation Inc's impact lies in providing crucial financial support for the charitable activities of Lutheran Homes Society, Inc. and all its subsidiaries. By diligently gathering, protecting, investing, and disbursing the generous gifts shared by individuals towards the caring ministries of Lutheran Homes Society, this organization plays a significant role in providing residential care and supportive services for youth and the elderly. Through its faith-based initiatives, LHS Foundation extends its services to the vulnerable populations, making a difference in the lives of those it serves. Additionally, the Foundation's fundraising efforts have a direct impact on improving and contributing to the communities in which it operates, furthering its tax-exempt purpose and commitment to compassionate, quality care.





    Financials

    This financial information is from Propublica.

    Revenue
    Expenses
    Efficiency

    Other financial information:

    This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $194,075
  • Program Service Revenue: $0
  • Gross Receipts: $576,427

    • Assets and Liabilities:
  • Total Assets: $17,321,739
  • Total Liabilities: $1,303,508
  • Net Assets: $16,018,231
  • Organization Details

    Founding Year

    1991

    Principal Officer

    William R Marshall

    Main Address

    2021 NORTH MCCORD SUITE B, TOLEDO, OH, 43615

    NTEE Category

    Code: T700 - Philanthropy

    If you are a representative of Lhs Foundation Inc and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.