Overview
What is Louisiana International Trade Foundation?
The Louisiana International Trade Foundation is a nonprofit organization, operating under Section 501(c)(3) of the Internal Revenue Code. Its primary purpose is to contribute to charitable, religious, educational, and scientific causes, as per the guidelines set by the code for tax-exempt organizations. The foundation fulfills its mission by making distributions to other organizations that align with these objectives. The foundation's activities are carried out with utmost consistency to the requirements of the code, ensuring its tax-exempt status is maintained.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 0%
The Louisiana International Trade Foundation has received a Zero-Star out of Four Star rating, indicating significant concerns regarding its accountability and financial practices. The organization scored only 13% overall, reflecting numerous deficiencies in governance and transparency, including a complete lack of independent board members and missing critical policies such as conflict of interest and whistleblower protections.
Strengths noted include the absence of material asset diversion and the presence of documented board meeting minutes. However, critical weaknesses overshadow these strengths, particularly the missing website link on the tax form and the lack of financial documentation available to the public. Such gaps in accountability raise serious questions about the organization's operational practices.
Overall, the low rating suggests that the Louisiana International Trade Foundation may not be effectively managed or transparent in its financial dealings, warranting caution for potential donors and stakeholders. Improvements in governance and compliance with best practices are essential for enhancing its credibility and operational effectiveness.
This AI summary has been generated from information found on Charity Navigator.
Is Louisiana International Trade Foundation legitimate?
Louisiana International Trade Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Louisiana International Trade 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.
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What is the mission statement of Louisiana International Trade Foundation?
The Louisiana International Trade Foundation, functioning under Section 501(c)(3) of the Internal Revenue Code, is established for charitable, religious, educational, and scientific purposes. The organization's mission involves making distributions to entities that align with these objectives, ensuring all actions adhere to the tax-exempt organization requirements stipulated by the code. The foundation's activities are geared towards contributing to causes that fall under these categories, thereby promoting collective betterment and development.
Who is the CEO of Louisiana International Trade Foundation?
Tom Spiers is the Chairman of Louisiana International Trade Foundation.
What is the revenue of Louisiana International Trade Foundation?
Louisiana International Trade Foundation's revenue in 2022 was $48,217.
Who are the executives of Louisiana International Trade Foundation and what are their salaries?
Here are 8 key members and their salaries:
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Where can I find the form 990 for Louisiana International Trade Foundation?
Louisiana International Trade Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Louisiana International Trade Foundation
The Louisiana International Trade Foundation, a nonprofit organization, is established with a mission that aligns with the guidelines of Section 501(c)(3) of the Internal Revenue Code. This mission encompasses charitable, religious, educational, and scientific pursuits. The organization is dedicated to contributing to these causes by making distributions to other qualifying entities that share similar objectives. The foundation ensures that its operations adhere to the stipulations set forth for tax-exempt organizations, thereby maintaining consistency with the Internal Revenue Code.
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Impact
August, 2024
The Louisiana International Trade Foundation has had a significant impact on community improvement through its charitable, educational, and scientific endeavors. By organizing exclusively for these purposes, the foundation has been able to make distributions to organizations that qualify as exempt under the Internal Revenue Code. This support has likely led to positive changes within the community, benefiting various individuals and groups.
This information is meant to be a general summary of Louisiana International Trade 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 2022.
- Investment Income: $41,140
- Gross Receipts: $48,217
Assets and Liabilities:
- Total Assets: $1,703,604
- Total Liabilities: $0
- Net Assets: $1,703,604
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Organization Details
Founding Year
2009
Phone
(504) 529-1601Principal Officer
Tom Spiers
Main Address
1100 POYDRAS ST 3475, NEW ORLEANS, LA, 70163
NTEE Category
Code: S99 - Community improvement
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