Overview
What is Louisiana Hospitality Foundation?
The Louisiana Hospitality Foundation is a nonprofit organization situated in Metairie, Louisiana. Its primary mission is to bolster Louisiana's hospitality industry by offering support to individuals within the community. They achieve this goal through various means, including funding for hospitality workforce development programs and providing financial aid to hospitality workers during periods of financial distress. Additionally, the foundation ensures a positive image of the hospitality industry and supports culinary and hospitality education. With a small team of two dedicated individuals, the Louisiana Hospitality Foundation plays a crucial role in nurturing and sustaining the hospitality sector in the state.
Official website here: www.louisianahospitalityfoundation.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 96% (Four-Star out of Four Star rating)
The Louisiana Hospitality Foundation has achieved a high rating of 96% on Charity Navigator, indicating strong performance in accountability and finance. This rating is based entirely on a comprehensive evaluation of financial practices, reflecting the organization's commitment to transparency and efficient resource management.
One of the notable strengths of the foundation is its governance structure, featuring a fully independent board, which is critical for minimizing conflicts of interest. The foundation has demonstrated excellence in its financial management, as evidenced by its low liabilities to assets ratio and a high percentage of program expenses, indicating that a significant portion of its funds are directed towards its mission.
While the rating highlights several strengths, it is essential to continue monitoring any changes in the foundation's practices or financial status. Overall, the Louisiana Hospitality Foundation appears to be a well-managed nonprofit with a strong commitment to accountability and effective use of funds.
This AI summary has been generated from information found on Charity Navigator.
Is Louisiana Hospitality Foundation legitimate?
Louisiana Hospitality Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Louisiana Hospitality Foundation 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: $60,403
Professional Fundraising Fees: $0
Other Salaries and Wages: $9,636
For more financial information, click here
Official website here: www.louisianahospitalityfoundation.org
What is the mission statement of Louisiana Hospitality Foundation?
The Louisiana Hospitality Foundation's mission is centered around strengthening the hospitality industry by providing support to its workforce. They achieve this through various means, including funding hospitality workforce development programs, promoting access to culinary and hospitality education, fostering a positive perception of the industry, and offering financial assistance to individuals in the hospitality sector during times of crisis. The organization's mission is to support the well-being and development of hospitality workers, ensuring the industry's longevity and success.
Official website here: www.louisianahospitalityfoundation.org
What is the revenue of Louisiana Hospitality Foundation?
Louisiana Hospitality Foundation's revenue in 2023 was $483,297.
Official website here: www.louisianahospitalityfoundation.org
Who are the executives of Louisiana Hospitality Foundation and what are their salaries?
The average compensation at Louisiana Hospitality Foundation during 2023 was $35,020. There are 2 employees and 75 volunteers at Louisiana Hospitality Foundation.
Here are 19 key members and their salaries:
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Official website here: www.louisianahospitalityfoundation.org
Where can I find the form 990 for Louisiana Hospitality Foundation?
Louisiana Hospitality Foundation's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.louisianahospitalityfoundation.org
Learn more at the official website: www.louisianahospitalityfoundation.org
Mission Statement of Louisiana Hospitality Foundation
The Louisiana Hospitality Foundation plays a crucial role in strengthening the hospitality industry in Louisiana. They achieve this by providing support to individuals within the community, focusing on workforce development programs and education. The foundation's mission is to boost the hospitality industry by offering financial assistance to workers during times of crisis and supporting industry education and development programs. This commitment to the hospitality workforce is essential, as these individuals form the backbone of the industry. By providing grants to both education and workforce development programs, as well as offering financial aid to hospitality workers in need, the Louisiana Hospitality Foundation is dedicated to ensuring the industry's longevity and success.
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Impact
July, 2024
The Louisiana Hospitality Foundation makes a significant impact by strengthening Louisiana's hospitality industry through various means. This includes providing support for hospitality workforce development programs, offering access to culinary and hospitality education, promoting a positive perception of the industry, and giving financial assistance to individuals in the hospitality industry during times of crisis. Their efforts play a vital role in supporting and empowering hospitality workers in the community, ensuring both professional development and financial stability for those in need.
This information is meant to be a general summary of Louisiana Hospitality Foundation. 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 2023.
- Investment Income: $119
- Gross Receipts: $594,025
Assets and Liabilities:
- Total Assets: $817,447
- Total Liabilities: $28,777
- Net Assets: $788,670
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Organization Details
Founding Year
2006
Principal Officer
David Blitch
NTEE Category
Code: T30 - Philanthropy
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