Lancewood Institute Inc

Nonprofit profile at a glance

EIN
332370497
IRS 990 coverage
2024–2024
Forms available
Form 990 2024
Location
Naples, FL, USA
Phone
2397765489
Rating
41
Verdict
MIXED
Rating confidence
Limited
Sector
Fund Raising and/or Fund Distribution

Reported finances

Revenue
$1,000,000
Expenses
$0
Assets
$1,000,000
Liabilities
$0

Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

3 people listed

People named in this filing

  • THERESA BARBALE (OFFICER)
  • JAMIE MERCHANT (SECRETARY)
  • JAMES BARBALE (CHAIRMAN)

Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.

Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

The sole purpose of lancewood institute is to support educational needs. By supporting creating cirriculum, and funding 501c3 orgaizations to support education.

What it reported doing in 2024

Our organization seeks nonprofit status to provide critical support for educational needs. We aim to deliver direct assistance to qualified groupswhile creating educational tools for schools and communities in need direct support to qualified organizations one of our primary activities isproviding direct support to qualified groups that enhance education. This support includes resource allocation, curriculum developmentconsultancy, and collaboration on educational initiatives for underserved populations. Our dedicated team of educators and program coordinators will operate primarily in community centers, schools, and partner nonprofitlocations. This initiative will account for approximately fifty percent of our total engagement time. Funding will come from government grants, community donations, and corporate sponsorships, with sixty percent of our operational budget allocated to this activity. This initiative empowers partner organizations to offer effective educational services. Creation of educational tools in addition to direct support, we plan to develop educational tools to address specific challenges in underfundedschools. These tools will include digital resources, printed materials, and instructional guides tailored to diverse learning styles. Collaborationwith curriculum specialists and local educators will shape these resources. Tool development will likely account for about thirty percent of ouroverall program time, with funding from educational grants and partnerships. About twenty percent of our budget will support this initiative, facilitating enhanced learning experiences. Community engagement programs our organization recognizes the importance of community engagement through educational outreach. Funding for these programs will come from fundraising events, business sponsorships and registration fees with five percent of our budgetdedicated to these events. This initiative fosters collaboration within the community furthering our mission

Operating model

Revenue model
Donor-supported. 100% of the money available for current operations came from contributions and gifts.
Distribution model
No current program activity. The filing reports no program spending for the current year.

The verdict

MIXED - The filed numbers largely add up and most voting board members are independent. A relatively small share of available resources goes toward mission work and some filing-based governance responses are negative or unanswered.

Rating breakdown

  • Financial Efficiency: 0
  • Transparency & Controls: 92
  • Accountability: 64
  • Sustainability: 11
  • Growth: NotEnoughData

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 0%; rating input score 0
  • Program expense ratio: Limited
  • Fundraising efficiency: Limited

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
  • Pay-setting controls: Limited
  • Foreign activity oversight: Limited
  • Grant itemization coverage: Limited
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
  • Governance controls: 1 of 7 controls in place; rating input score 14
    • Conflict-of-interest policy: Fail
    • Whistleblower policy: Fail
    • Document-retention policy: Fail
    • CEO compensation review process: NotApplicable
    • Other executive compensation review process: NotApplicable
    • Form 990 shared with the board: Fail
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Missing
    • Independent financial-statement audit: Fail

Sustainability

  • Operating margin: Limited
  • Total-asset coverage ratio: Limited
  • Liabilities to assets ratio: 0; rating input score 91; 91st percentile among comparable filings
  • Officer compensation ratio: Limited

Growth

  • Program expense growth: Limited
  • Revenue growth: Limited
  • Asset growth: Limited

Details

  • Where the money goes: 0% of revenue deployed
  • Governance: 3 of 3 board members independent · 1 of 7 filing controls reported
  • Programs: 1 filed program accomplishment
  • Leadership: top reported pay $0 · 3 people listed
  • Consistency: 11 of 11 current checks pass
  • Schedules: 3 filed schedules · includes major donors
  • Contacts: How to reach this organization
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • High — Financial Efficiency: Mission deployment rate scored 0/100.
  • High — Accountability: Governance controls: 5 of 6 not reported.