Laces of Love Charitable Foundation Inc.
Mission:
PROVIDED 16,490 PAIRS OF SHOES TO NEEDY CHILDREN AND SCHOOLS IN COLLIER AND LEE COUNTIES IN FLORIDA AND ALSO COUNTIES EFFECTED BY HURRICAINE MICHAEL
www.lacesoflove.org
| 1900 GULF SHORE BLVD N APT 402 Naples FL 34102-4601
Laces of Love Charitable Foundation Inc. is headquartered in Naples, FL, and is a 501(c)(3) organization. EIN: 20-2870936. Donations are tax-deductible. The IRS NTEE classification code is B19, Nonmonetary Support N.E.C. within the Educational Institutions and Related Activities category. The IRS ruling year for tax exemption was 2005.
(Source: IRS Business Master File and Form 990)
Encompass Rating System by Charity Navigator
Charity Navigator’s Encompass Rating System evolves on a quarterly basis as we add new measures and indicators, which we call Beacons. Check back often to see how this organization’s score changes.
Learn about the Encompass Rating System: Announcement | FAQ | Release Notes
Overall Score
BETA
75
out of 100
This charity's score is a passing score. This overall score is identical to the organization's Finance & Accountability beacon score. It does not have an Impact & Results beacon. Each beacon report below provides further information about the organization's rating including rationale as to why a particular beacon may not be scored.
Do you work for Laces of Love Charitable Foundation Inc.? Gain access to your rating toolkit.
Finance & Accountability
Charity Navigator evaluates a nonprofit organization’s financial health including measures of stability, efficiency and sustainability. We also track accountability and transparency policies to ensure the good governance and integrity of the organization.
Finance & Accountability Score
BETA
75
out of 100
This charity's score is a passing score
This Beta V2 of the Finance & Accountability Score provides a baseline measure of an organization’s health including the indicators listed in the report below.
This score represents Form 990 data from latest filing year 2018.
Finance & Accountability Rating Highlights
Higher Effect on Score
13/13
Independent Board Composition
We look for at least 3 board members, with more than 50% of members identified as independent.
Lower Effect on Score
0.00%
Liabilities to Assets Ratio
We look for a ratio less than 50%.
No Effect on Score
$381,777
Total Revenue
We do not evaluate revenue amounts or sources in Beta V2. An organization’s size can affect whether and how we evaluate other indicators.
Finance & Accountability Report
75
of 100 points (BETA)
This beta feature is currently viewable only on desktop or tablet screens. Check back later for updates.
Program Expense Ratio
98.79%
Higher effect on score
More data
The Program Expense Ratio is determined by Program Expenses divided by Total Expense (average of most recent three 990s).
For a passing score, Charity Navigator looks for a ratio of 70% or higher. Charities in the 50%-70% range receive zero points for their Program Expense Ratio score. Charities that fall below 50% will receive zero points for both of their financial metric scores, Program Expense Ratio AND Liabilities to Assets Ratio.
Source: IRS Form 990
Board Composition
13/13 Independent
Higher effect on score
Charity Navigator looks for at least 3 board members, with more than 50% of those members identified as independent.
Source: IRS Form 990
Independent Review or Financial Audit
No Review/Audit
Higher effect on score
For organizations larger than $1million in total revenue we expect to see that the charity completed an audit.
This indicator is not part of the score for organizations less than $250k in total revenue and is removed from the scoring methodology.
For charities under $1 million but over $250K in total revenue we expect to see that the charity completed an Audit, Review or Compilation.
Source: IRS Form 990
Liabilities to Assets Ratio
0.00%
Lower effect on score
The Liabilities to Assets Ratio is determined by Total Liabilities divided by Total Assets (most recent 990).
Charity Navigator looks for a ratio less than 50%.
Source: IRS Form 990
Website Listed
Listed
Lower effect on score
Charity Navigator looks for a website on the Form 990 as an accountability and transparency measure.
Nonprofits act in the public trust and reporting publicly on activities is an important component
Source: IRS Form 990
Additional Information
Unscored
This beta feature is currently viewable only on desktop or tablet screens. Check back later for updates.
Total Revenue and Expenses
This chart displays the trend of revenue and expenses over the past several years for this organization, as reported on their IRS Form 990.
Salary of Key Persons
Presented here are up to five of the highest compensated employees listed on page 7 of the IRS Form 990. This compensation data is displayed exactly how it is reported to the IRS. The amounts include salary, cash bonuses, and expense accounts. The amounts do not include nontaxable benefits, deferred compensation, or other amounts not reported on Form W-2. Read the IRS policies for compensation reporting here.
JEANNE NEALON, PRESIDENT
$0
VI STEFFAN, VICE PRESIDENT
$0
SUSAN WARREN, SECRETARY/TREASURER
$0
JUDITH GANGI SANTOS, DIRECTOR
$0
BETTE RUSSO, VICE PRESIDENT
$0
Source: IRS Form 990, filing year 2018
Business Master File Data
The Exempt Organization IRS Business Master File (BMF) includes cumulative information the IRS collects and displays for all exempt organizations. The data is updated monthly. Below are some key data points from the BMF for this organization. View information about the BMF on the IRS website here.
Activities:
Activity data not reported from the IRS
Foundation Status:
Organization which receives a substantial part of its support from a governmental unit or the general public 170(b)(1)(A)(vi) (BMF foundation code: 15)
Affiliation:
Independent - the organization is an independent organization or an independent auxiliary (i.e., not affiliated with a National, Regional, or Geographic grouping of organizations). (BMF affiliation code: 3)
Data Sources: IRS Forms 990
The IRS Form 990 is the source of the finance and accountability data used within the Encompass Rating System. When an organization is eligible for a Finance & Accountability beacon score, each metric is based on elements of the 990. Some metrics are based on the most recent available filing, while others are based on averages of values over multiple years. We provide links to all available 990s here, whether or not this organization is eligible for a Finance & Accountability score.
IRS Forms 990 are provided courtesy of Foundation Center.
Impact & Results
Charity Navigator assesses how well a nonprofit delivers on its mission. To issue an Impact & Results score, we estimate the actual impact a nonprofit has on the lives of those it serves, and determine whether it is making good use of donor resources to achieve that impact.
No Score
We have not issued this nonprofit an Impact & Results score. This does not indicate a positive or negative assessment, only that we have not reached a conclusion for one of the following reasons:
The nonprofit is eligible for a score, but we have not yet gotten to scoring it.
The nonprofit is eligible for a score, but we have not yet developed the specific algorithms to estimate the impact of the type of service it delivers and so cannot issue a score yet.
The nonprofit does not primarily deliver services directly to beneficiaries or it is not reasonable to expect the nonprofit to measure impact for its primary activity. The impact analysis framework that we use is not well suited to these nonprofits.
The nonprofit is not heavily reliant on individual donors because beneficiaries fund a majority of its costs or it does not receive any private charitable contributions.
Do you work at Laces of Love Charitable Foundation Inc.? Share your impact data to request a score.
Additional Information
Unscored
This beta feature is currently viewable only on desktop or tablet screens. Check back later for updates.
Largest Programs
Laces of Love Charitable Foundation Inc. reported its largest program on its FY 2018 Form 990 as:
$360,117
Spent in most recent FY
100%
Percent of program expenses
DISTRIBUTED 16,490 PAIRS OF SHOES IN FLORIDA TO CHILDREN IN LEE COUNTY, COLLIER COUNTY AND COUNTIES EFFECTED BY HURRICAINE MICHAEL
GuideStar Seal of Transparency by Candid
GuideStar Seal not earned
We display the GuideStar Seal of Transparency for organizations that have earned Gold or Platinum levels. We encourage nonprofit organizations to submit their data with Candid. Click here for more information.
Note: GuideStar Seals do not effect the nonprofit’s Impact & Results Score.
GlobalGiving
GlobalGiving Badge not earned
GlobalGiving is the largest global crowdfunding community connecting nonprofits, donors, and companies in nearly every country. For donors, GlobalGiving provides an additional layer of vetting and due diligence for each of its nonprofit partners every two years, which may include site visit verification. Learn more about GlobalGiving.
Note: GlobalGiving Badges do not effect the nonprofit’s Impact & Results score.
Leadership & Adaptability
Charity Navigator will provide an assessment of the organization’s leadership capacity, strategic planning, and the ability to readily innovate or respond to changes in constituent demand/need or other relevant social and economic conditions to achieve the organization’s mission.
Leadership & Adaptability Score (BETA)
Coming Soon
Encompass Rating Beta V2 does not provide an evaluation of the organization's leadership and adaptability.
Culture & Community
Charity Navigator will provide an assessment of the organization’s people operations, its engagement with the constituents served, and its Diversity, Equity and Inclusion (DEI) measures.
Culture & Community Score (BETA)
Coming Soon
Encompass Rating Beta V2 does not provide an evaluation of the organization's culture and community. Beta V3 will provide an evaluation of Constituent Feedback and Listening Practices. Nonprofit organizations are encouraged to fill out the How We Listen section of their Candid profile. This data will provide the basis for the initial evaluation of Culture & Community. Other measures will be added later in the year.
Additional Information
Unscored
This beta feature is currently viewable only on desktop or tablet screens. Check back later for updates.
Constituent Feedback
Constituent Feedback and Listening Practice data are not available for this organization. Nonprofit organizations are encouraged to fill out the How We Listen section of their Candid profile. This data will provide the basis for the initial evaluation of Community & Culture.
Why It Matters
Like the Encompass Rating System, the Culture & Community Beacon is designed to evolve as relevant metrics are developed and ready for integration. Our partnership with Feedback Labs and Guidestar by Candid, and other partners including Fund for Shared Insight, GlobalGiving and Keystone Accountability, enables us to launch the first version of this beacon with Constituent Feedback information collected on Candid's site.
Feedback practices have been shown to support better Diversity, Equity, and Inclusion outcomes, an essential area of assessment that we intend to further expand and develop in the future. Feedback Labs has documented several studies which indicate that beyond achieving organizational goals, nonprofits that are attentive and responsive to concerns and ideas raised by beneficiaries establish stronger relationships with the people they serve, promote greater equity, and empower constituents in ways that can help to ensure better long-term outcomes. You can find resources to help nonprofits improve their feedback practices here.
