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Locks of Love, Inc. Organization Name provided in the GuideStar Exchange* as of 05/04/2012: Locks of Love, Inc.

Organization Name as listed in the IRS Business Master File as of 07/14/2014: LOCKS OF LOVE INC

* The GuideStar Exchange allows nonprofits to regularly update key information directly to GuideStar. It provides richer and broader information about their programs, impact, finances, people and more.

AKA  LOL
West Palm Beach, FL
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GuideStar Summary

&1002;                GuideStar Exchange Committed to transparency ?
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&1002; Registered with IRS Legitimacy information is available
&1002; Financial Data Annual Revenue and Expense data reported
&1002; Forms 990 2013, 2012, and 2011 Forms 990 filed with the IRS
&1002; Mission Objectives Mission Statement is available
&1002; Impact Summary Impact Summary from the nonprofit is not available
  4 stars Average rating from 14 Personal Reviews | Write a Review

Basic Organization Information

Locks of Love, Inc. Organization Name provided in the GuideStar Exchange* as of 05/04/2012: Locks of Love, Inc.

Organization Name as listed in the IRS Business Master File as of 07/14/2014: LOCKS OF LOVE INC

* The GuideStar Exchange allows nonprofits to regularly update key information directly to GuideStar. It provides richer and broader information about their programs, impact, finances, people and more.
Also Known As: LOL
Physical Address: West Palm Beach, FL 33405 
EIN: 65-0755522
Web URL: www.locksoflove.org 
NTEE Category: G Disease, Disorders, Medical Disciplines
G99 Diseases, Disorders, Medical Disciplines N.E.C.
G Disease, Disorders, Medical Disciplines
G40 Diseases of Specific Organs
G Disease, Disorders, Medical Disciplines
G99 Diseases, Disorders, Medical Disciplines N.E.C.
Ruling Year: 1997 


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Mission Statement

Locks of Love is a public non-profit organization that provides hairpieces to financially disadvantaged children in the United States and Canada under age 21 suffering from long-term medical hair loss from any diagnosis. We meet a unique need for children by using donated hair to create the highest quality hair prosthetics. Most of the children helped by Locks of Love have lost their hair due to a medical condition called alopecia areata, which has no known cause or cure. The prostheses we provide help to restore their self-esteem and their confidence, enabling them to face the world and their peers. 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 or on a sliding scale, based on financial need.

Legitimacy Information

This organization is registered with the IRS.

This organization is required to file an IRS Form 990 or 990-EZ.

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Annual Revenue & Expenses (IRS Form 990, December 2011)

Fiscal Year Starting: December 01, 2011
Fiscal Year Ending: November 30, 2012

Total Revenue $1,633,035
Total Expenses $1,254,510

Revenue & Expenses

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Balance Sheet (IRS Form 990)

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Forms 990 Received from the IRS Additional Information
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Forms 990 Provided by the Nonprofit

Financial Statements

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Annual Reports

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Leadership (GuideStar Exchange,
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May 2012)

Mrs. Madonna Coffman

Term:

Since Dec 1997

Profile:

Motivated by her own daughter's experience with alopecia, Madonna Coffman, a former surgical nurse, began working with Locks of Love to provide wigs and cranial prostheses for children suffering from long-term hair loss caused by alopecia, radiation treatments or severe burns. Prior to her involvement with Locks of Love, she spent many years volunteering for LIFE (Leaders in Furthering Education).

Board Chair (GuideStar Exchange,
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May 2012)

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Board Co-Chair

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Board of Directors (GuideStar Exchange,
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May 2012)

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Board Leadership Practices (GuideStar Exchange,
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May 2012)
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Board Orientation & Education ?
Why does this matter? Without clarity around their responsibilities and expectations, board members are not positioned to succeed. They may find themselves challenged to fulfill their governance responsibilities or frustrated by the expectations that the organization has set for them. BoardSource recommends that every new board member participate in a formal orientation process, and that all board members sign a pledge or agreement committing to their board service and to all of the responsibilities and expectations that come with service. Ideally, board members also should participate in a formal governance training program prior to serving on a board.

Does the board conduct a formal orientation for new board members and require all board members to sign a written agreement regarding their roles, responsibilities, and expectations?
Response Not Provided
CEO Oversight ?
Why does this matter? Oversight and management of the chief executive is one of the board’s most important legal responsibilities. The CEO or executive director is the board's single employee, and - just like any other employer/employee relationship - regular and written assessment is critical to ensuring that the chief executive and board are communicating openly about goals and performance. BoardSource recommends that boards conduct formal, written reviews of their chief executives on an annual basis, which should include an in-person discussion with the chief executive and distribution of the written evaluation to the full board.

Has the board conducted a formal, written assessment of the chief executive within the past year?
Response Not Provided
Ethics & Transparency ?
Why does this matter? A commitment to handling conflicts of interests is essential to creating an organizational culture of transparency. Boards should create and follow a policy for identifying and handling conflicts of interest, whether real or perceived. BoardSource recommends that organizations review the conflict-of-interest statement and require signed disclosures from all board members and senior staff on an annual basis.

Have the board and senior staff reviewed the conflict-of-interest policy and completed and signed disclosure statements within the past year?
Response Not Provided
Board Composition ?
Why does this matter? The best boards are composed of individuals who bring a variety of skills, perspectives, backgrounds, and resources to tackle the complex and strategic challenges confronting their organizations. BoardSource recommends that boards commit to diversity and inclusion by establishing written policies and practices, which include strategic and intentional recruitment of diverse board members, continual commitment to inclusivity, and equal access to board leadership opportunities.

Does the board ensure an inclusive board member recruitment process that results in diversity of thought and leadership?
Response Not Provided
Board Performance ?
Why does this matter? Boards need to regularly assess their own performance. Doing so ensures that they are being intentional about how they govern their organization, which is a critical component of effective board leadership. BoardSource recommends that a board conduct a self-assessment of its performance a minimum of once every three years to ensure that it is staying on track with its roles and responsibilities.

Has the board conducted a formal, written self-assessment of its performance within the past three years?
Response Not Provided

Officers for Fiscal Year (IRS Form 990)

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Highest Paid Employees & Their Compensation (IRS Form 990)

Highest Paid Employee data is not available for this organization.

People information was last updated by the nonprofit in May 2012

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Programs

Program: Locks of Love (GuideStar Exchange,
The GuideStar Exchange allows nonprofits to regularly update key information directly to GuideStar. It provides richer and broader information about their programs, impact, finances, people and more.
May 2012)

Budget:
$912,764
Category:
Diseases, Disorders & Medical Disciplines
Population Served:
Children and Youth (infants - 19 years.)

Program Description:

Children must apply to Locks of Love in order to be considered for a hairpiece. Application includes a nomination form, photo of the child without a hairpiece, doctor's diagnosis, most recent tax return, essay about the child nominated, and two letters of recommendation. In order to get a replacement hairpiece, each applicant must re-apply with Locks of Love. The Board of Directors reviews the completed file for consideration. The President of the Board recommends approvals. Recipients begin the production process in their homes by making a plaster mold of the child's head. Locks of Love provides the molding materials via UPS. These include an instructional video, a water-transfer pen, aprons, plaster strips and a hair ring, from which the child can choose his or her new hair color. From this mold, a fit cap is produced to check the vacuum seal. Once the fit cap is approved, the actual hairpiece is assembled by hand. The entire process takes approximately four months. Locks of Love depends on monetary donations from private foundations and the general public to cover the costs of production and shipping for these hairpieces. The organization receives ponytails  through the mail, which allows us to reduce our production costs. The target population for this program is children 21 and under suffering from long-term medical hair loss. Qualifying diagnoses include the following: alopecia areata (totalis and universalis), severe burns to the scalp, radiation treatment to the brain stem as a treatment for cancer, loose anagen syndrome, etc.

Program Long-Term Success:

Helped over 1,700 families since the organization's inception, in December 1997.

Program Short-Term Success:

Program Success Monitored by:

Program Success Examples:

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Impact Summary from the Nonprofit

This organization has not provided an impact summary.
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Reviews

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