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Ldf Nonprofit Foundation

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 463093399 ✦ Laredo, TX ✦ Designated as a 501(c)(3)

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Overview

What is Ldf Nonprofit Foundation?

Ldf Nonprofit Foundation is a charitable organization based in Laredo and its surrounding areas. Its primary mission is to stimulate economic development by supporting business investment and growth through various services. These services include offering support, providing information about the local business environment, and delivering related assistance to both new and existing businesses in the area. By attracting and assisting businesses, Ldf Nonprofit Foundation aims to improve economically distressed areas, alleviate community deterioration, and help the poor and distressed by creating more employment opportunities and increasing per capita income.

Is Ldf Nonprofit Foundation legitimate?

Ldf Nonprofit Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Ldf Nonprofit 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0

For more financial information, click here

What is the mission statement of Ldf Nonprofit Foundation?

The Ldf Nonprofit Foundation's mission is centered around stimulating economic development. This is achieved by supporting business investment and growth through various services, such as providing information and expertise about the local business environment, and offering related assistance to both new and existing businesses. The relocation or expansion of businesses, either from outside the area or within, is aimed at achieving the foundation's charitable objectives. These objectives include alleviating community deterioration and providing relief to the poor and distressed by creating employment opportunities and increasing per capita income through the growth of assisted businesses.

Who is the CEO of Ldf Nonprofit Foundation?

Rolando Ortiz is the President of Ldf Nonprofit Foundation.

What is the revenue of Ldf Nonprofit Foundation?

Ldf Nonprofit Foundation's revenue in 2022 was $330,787.

Who are the executives of Ldf Nonprofit Foundation and what are their salaries?


Here are 7 key members and their salaries:


Rolando Ortiz (President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Tom Mcspadden (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
Javier Garza (Board Of Direct)
  • Compensation: $0
  • Related: $0
  • Other: $0
Alfonso Arguindegui (Board Of Direct)
  • Compensation: $0
  • Related: $0
  • Other: $0
Lupita R Canales (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Ed Sherwood (Board Of Direct)
  • Compensation: $0
  • Related: $0
  • Other: $0
Nativido Lozano (Vice President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Where can I find the form 990 for Ldf Nonprofit Foundation?

Ldf Nonprofit Foundation's most recent form 990 was submitted in 2022 and can be accessed here.

Mission Statement of Ldf Nonprofit Foundation

The Ldf Nonprofit Foundation's mission is centered around stimulating economic development in its surrounding areas. To achieve this, the organization offers support services, provides information, and shares expertise on the local business environment. These services are not limited to businesses within the area but also extend to those looking to invest and relocate to the community, as well as existing businesses seeking growth assistance.

The primary objective of Ldf Nonprofit Foundation is to improve economically distressed areas. This is achieved by facilitating business investment and growth, which in turn leads to increased employment opportunities and higher per capita income. By assisting businesses, the foundation aims to alleviate community deterioration and help the poor and distressed, thereby contributing positively to the overall well-being of the community.

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Impact




October, 2024

LDF Nonprofit Foundation significantly impacts economic development in Laredo and its surrounding areas by actively promoting business investment and growth. Through tailored support services, the Foundation provides essential information and expertise about the local business environment, facilitating seamless transition and investment for businesses looking to relocate to the region.

The Foundation's efforts directly contribute to alleviating economic challenges within the community by attracting outside businesses and supporting local enterprises. By doing so, it helps create more job opportunities, fostering an environment of increased employment and enhanced per capita income. This initiative not only provides relief from community deterioration but also empowers residents by boosting the local economy and improving overall quality of life.

Furthermore, the Foundation's strategic focus on assisting both incoming and existing businesses ensures a robust and diversified economic landscape. This proactive approach not only addresses current community needs but also lays a foundation for sustained growth and resilience in the face of economic challenges. Through its commitment to fostering a vibrant business environment, LDF Nonprofit Foundation plays a crucial role in enhancing the socio-economic fabric of Laredo and surrounding areas.




This information is meant to be a general summary of Ldf Nonprofit 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.

Revenue
$330,787 (2022)
Expenses
$107,046 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Program Service Revenue: $220,387
  • Gross Receipts: $330,787

Assets and Liabilities:

  • Total Assets: $647,682
  • Total Liabilities: $0
  • Net Assets: $647,682

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Programs

Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

Special Events

Revenue

$220,387

Organization Details

Founding Year

2013

Principal Officer

Rolando Ortiz

Main Address

616 Leal Street, Laredo, TX, 78041

NTEE Category

Code: S30 - Community improvement

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