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Health : Patient and Family Support

Locks of Love

Providing hairpieces to children suffering from long-term medical hair loss

four stars

91.75

234 Southern Boulevard West Palm Beach, FL 33405
tel: (888) 896-1588   Web Site
EIN: 65-0755522

Board Leadership
Madonna W. Coffman
President

CEO
Linda Borum
General Manager

 
 
  Score
(out of 100) 		Rating
Overall Score & Rating 91.75 four stars
  Financial 91.52 four stars
  Accountability & Transparency 92.00 four stars
This rating was published 03/01/2018 and includes data from FY2016, the most recent 990 received at that time.
Why isn't this based on more recent data?

Founded in 1997, Locks of Love provides hairpieces to financially disadvantaged children under age 21 suffering from long-term medical hair loss from any diagnosis. Our mission is to return a sense of self, confidence and normalcy to children suffering from hair loss by utilizing donated ponytails to provide the highest quality hair prosthetics to financially disadvantaged children. The children receive hair prostheses free of charge. Most of our children suffer from an autoimmune disorder called alopecia areata, which causes the hair follicles to shut down. Other recipients have been victim to severe burns, endured radiation treatment to the brain stem as a treatment for cancer, or suffer from any number of skin disorders that cause permanent hair loss.

Founded in 1997, Locks of Love provides hairpieces to financially disadvantaged children under age 21 suffering from long-term medical hair loss from any diagnosis. Our mission is to return a sense of self, confidence and normalcy to children suffering from hair loss by utilizing donated ponytails to provide the highest quality hair prosthetics to financially disadvantaged children. The children receive hair prostheses free of charge. Most of our children suffer from an autoimmune disorder called alopecia areata, which causes the hair follicles to shut down. Other recipients have been victim to severe burns, endured radiation treatment to the brain stem as a treatment for cancer, or suffer from any number of skin disorders that cause permanent hair loss.

Results Information

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Financial

four stars

91.52

Accountability & Transparency

four stars

92.00

This rating was published 03/01/2018 and includes data from FY2016, the most recent 990 received at that time.
Why isn't this based on more recent data?
Overall Rating Chart
  Program Expenses
(Percent of the charity's total expenses spent on the programs
and services it delivers)		 92.2%
  Administrative Expenses 6.2%
  Fundraising Expenses 1.4%
  Fundraising Efficiency $0.03
  Working Capital Ratio (years) 4.33
  Program Expenses Growth 1.5%
  Liabilities to Assets 0.2%
All data for Financial Performance Metrics calculations was provided by Locks of Love on recent 990s filed with the IRS.
All data for Financial Performance Metrics calculations was provided by Locks of Love on recent 990s filed with the IRS.
Information Provided on the Form 990  
  Independent Voting Board Members
  No Material diversion of assets
  Audited financials prepared by independent accountant
  Does Not Provide Loan(s) to or Receive Loan(s) From related parties
  Documents Board Meeting Minutes
  Provided copy of Form 990 to organization's governing body in advance of filing
  Conflict of Interest Policy
  Whistleblower Policy
  Records Retention and Destruction Policy
  CEO listed with salary
  Process for determining CEO compensation
  Board Listed / Board Members Not Compensated
Is the following information easily accessible on the charity's website?  
  Donor Privacy Policy
  Board Members Listed
  Audited Financials
  Form 990
  Key staff listed

Highly Rated

Charity Name & State Overall Score Overall Rating
Locks of Love (FL) 91.75 four stars
Ronald McDonald House Charities of Baltimore (MD) 92.97 four stars
Patient Services Incorporated (VA) 92.22 four stars
Patient Advocate Foundation (VA) 96.66 four stars
Turning Pointe Autism Foundation (IL) 90.58 four stars

Compare These Charities (Highly Rated)

REVENUE  
Contributions  
   Contributions, Gifts & Grants $396,262
   Federated Campaigns $0
   Membership Dues $0
   Fundraising Events $0
   Related Organizations $0
   Government Grants $0
Total Contributions $396,262
   Program Service Revenue $269,003
Total Primary Revenue $665,265
   Other Revenue $91,422
TOTAL REVENUE $756,687
   
EXPENSES  
   Program Expenses $1,187,283
   Administrative Expenses $91,177
   Fundraising Expenses $16,332
TOTAL FUNCTIONAL EXPENSES $1,294,792
   
Payments to Affiliates $0
Excess (or Deficit) for the year $-538,105
   
Net Assets $5,889,279

Program names and associated costs are listed for the top programs as reported on the charity's most recently filed Form 990. The top programs displayed will include the largest three programs, or those programs covering at least 60% of the charity's total expenses, whichever comes first.

Due to an error on this organization's Form 990, we are unable to display program information.

Ratings History
Locks of Love has received 3 consecutive 4-star ratings from Charity Navigator.

Form 990 FYE Date Published Overall Score Overall Rating
CN 2.1
2016-11 03/01/2018 91.75 four stars
2015-11 12/01/2016 92.70 four stars
2014-11 06/01/2016 92.47 four stars
 
CN 2.0
2014-11 10/01/2015 84.89 three stars
2013-11 11/01/2014 89.01 three stars
2012-11 11/01/2013 87.91 three stars
2011-11 11/06/2012 87.03 three stars
2010-11 12/01/2011 80.92 three stars
2009-11 09/20/2011 77.49 two stars
 
CN 1.0
2009-11 10/01/2010 83.87 three stars
2008-11 12/01/2009 98.43 four stars
2007-11 10/01/2008 98.81 four stars
2006-11 06/01/2007 99.04 four stars
2005-11 10/01/2006 98.81 four stars
2004-11 09/01/2005 98.11 four stars

The data displayed on this tab is provided by the IRS in the form of Publication 78 and the Business Master File (BMF).

EIN 65-0755522
Name in IRS Master File LOCKS OF LOVE INC
NTEE Code E86
NTEE Classification Patient Services - Entertainment, Recreation
NTEE Type Health - General and Rehabilitative
Classification Charitable Organization
Subsection 501(c)(3)  (View the list of codes)
Activities (994) Described in section 170(b)1)(a)(vi) of the Code
(560) Supplying money, goods or services to the poor
Foundation Status Organization which receives a substantial part of its support from a governmental unit or the general public   170(b)(1)(A)(vi)
Deductibility Contributions are deductible
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).
Group Name [Not Applicable]
Ruling Date December, 1997
Filing Requirement 990 (all other) or 990EZ return
Fiscal Year End November
IRS Forms 990
(provided courtesy of Foundation Center)		 (Log In or Register Now to View Forms 990!)
  • November, 2016
  • November, 2015
  • November, 2014
  • November, 2013
  • November, 2012

The data displayed in this profile is provided by the IRS for free in the form of Publication 78 and the Business Master File (BMF).

Compensation % of Expenses Paid to Title
$64,866 5.00% Linda Borum General Manager

Highly Rated

Charity Name & State Overall Score Overall Rating
Locks of Love (FL) 91.75 four stars
Cancer Care Services (TX) 90.27 four stars
Ronald McDonald House of Durham (NC) 89.11 three stars
Ronald McDonald House Charities of Central Pennsylvania (PA) 96.88 four stars
Ronald McDonald House Charities of the Ozarks (MO) 90.24 four stars

Compare These Charities (Highly Rated)

This charity has an official representative registered with Charity Navigator.

Charity Contact Info

Locks of Love
234 Southern Boulevard
West Palm Beach, FL 33405
tel: (888) 896-1588
fax: (561) 833-7962
EIN: 65-0755522

Visit Web Site

Board Leadership

Madonna W. Coffman
President

CEO

Linda Borum
General Manager

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