Overview
What is Loisaida Inc?
Loisaida Inc is a nonprofit organization situated in the Bronx, New York, specifically at 311 East 175th Street. Its primary mission is to address the economic and social disparities faced by low-income Latinx residents. This is accomplished through the provision of employment and training opportunities, as well as comprehensive youth development initiatives. The organization's activities are multifaceted, aiming to build a bridge between the community, learners, artists, and scholars. This is done by offering affordable education opportunities in cultural fields, STEAM design, and everyday life, as outlined in their schedule O. Loisaida Inc employs a team of five individuals dedicated to achieving these goals.
Official website here: www.loisaida.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 94%, Four-Star out of Four Star rating.
Loisaida Inc has achieved a commendable 94% rating from Charity Navigator, earning it a prestigious Four-Star designation. This high score reflects the organization’s strong accountability and financial health, assessed through various criteria that prioritize transparency and responsible management. Notably, the organization boasts a fully independent board, which is crucial for maintaining governance standards.
The nonprofit excels in several financial metrics, including a program expense ratio of nearly 80%, indicating that a significant portion of its funds directly supports its programs. Additionally, Loisaida Inc has implemented solid policies, such as those concerning conflict of interest and whistleblower protections, which further demonstrate its commitment to ethical practices. The absence of material diversion of assets and strong audit oversight further bolster its financial credibility.
While Loisaida Inc shows impressive financial performance, it's important for potential donors and stakeholders to continuously monitor their reports for ongoing accountability. Overall, the organization represents a reliable choice for those looking to support community-focused initiatives.
This AI summary has been generated from information found on Charity Navigator.
Is Loisaida Inc legitimate?
Loisaida Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Loisaida 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.
Heare are some key statistics you may want to consider:
Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $237,943
For more financial information, click here
Official website here: www.loisaida.org
What is the mission statement of Loisaida Inc?
Loisaida Inc's mission is to establish a bridge between community members, learners, artists, and scholars, providing affordable educational opportunities in cultural fields, S.T.E.A.M. design, and everyday life. Their goal is to address the economic and social disadvantages faced by low-income Latinx residents by offering employment and training opportunities and comprehensive youth development initiatives. While specific details can be found in their schedule, this summary highlights their commitment to fostering connections and empowering their community.
Official website here: www.loisaida.org
Who is the CEO of Loisaida Inc?
Lymaris Albors is the CEO of Loisaida Inc The CEO's salary of Loisaida Inc is $0 and their total compensation is $842,965.
Official website here: www.loisaida.org
What is the revenue of Loisaida Inc?
Loisaida Inc's revenue in 2024 was $567,059.
Official website here: www.loisaida.org
Who are the executives of Loisaida Inc and what are their salaries?
The average compensation at Loisaida Inc during 2024 was $21,631. There are 11 employees and 6 volunteers at Loisaida Inc.
Here are 10 key members and their salaries (Loisaida Inc's CEO's salary is $0 and their total compensation is $842,965):
- Compensation: $0
- Related: $909,372
- Other: $70,634
- Compensation: $0
- Related: $803,886
- Other: $39,079
- Compensation: $0
- Related: $602,553
- Other: $37,084
- Compensation: $0
- Related: $454,869
- Other: $42,707
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.loisaida.org
Where can I find the form 990 for Loisaida Inc?
Loisaida Inc's most recent form 990 was submitted in 2024 and can be accessed here.
Official website here: www.loisaida.org
Learn more at the official website: www.loisaida.org
Mission Statement of Loisaida Inc
Loisaida Inc, a nonprofit organization, strives to foster a link between the community, learners, artists, and scholars by providing affordable educational opportunities in cultural fields, STEAM design, and everyday life. Their mission is geared towards addressing the economic and social disparities faced by low-income Latinx residents, offering employment and training prospects, and implementing comprehensive youth development initiatives. While specific details about these initiatives are available in their schedule, the core objective of Loisaida Inc is to bridge the gap between various sectors of society, promoting growth and learning through affordable education.
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Impact
July, 2024
Loisaida Inc's impact lies in bridging the gap between the community, learners, artists, and scholars through affordable education opportunities in cultural fields, S.T.E.A.M. design, and everyday life. By addressing the serious economic and social disenfranchisement of poor and low-income Latino residents in the Bronx, NY, Loisaida Inc provides employment and training opportunities along with comprehensive youth development initiatives. Through their mission to connect people with educational resources in various fields, Loisaida Inc plays a significant role in empowering individuals and fostering a more inclusive and empowered community.
This information is meant to be a general summary of Loisaida Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2024.
- Gross Receipts: $639,699
Assets and Liabilities:
- Total Assets: $1,432,997
- Total Liabilities: $905,508
- Net Assets: $527,489
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Organization Details
Founding Year
1979
Principal Officer
Lymaris Albors
Website
www.loisaida.orgNTEE Category
Code: P400 - Human services
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