Overview
What is Lmta Foundation Inc?
Lmta Foundation Inc, based in Baton Rouge, Louisiana, is a nonprofit organization that primarily serves the trucking industry. Their mission is to improve the understanding and perception of the Louisiana trucking sector, boost highway safety, and explore workforce solutions for the industry. To achieve these goals, the foundation provides networking opportunities for its members, advocates for the industry, and assists its members in complying with regulatory requirements. By doing so, Lmta Foundation Inc aims to foster growth and success within the Louisiana trucking community.
Official website here: www.lmta.foundation
What are the reviews and ratings of this charity?
Charity Navigator Rating: 84%, Three-Star out of Four Star rating
The Lmta Foundation Inc has earned a Three-Star rating from Charity Navigator, reflecting a strong accountability and finance score of 84%. This score indicates a solid financial health and commitment to transparency, particularly highlighted by its 100% independent board composition and high program expense ratio of 98.90%. Such metrics suggest that the majority of its funds are directed towards its mission rather than administrative costs.
While the organization shows positive attributes in its governance and financial practices, it does have some areas of concern. Notably, the absence of a conflict of interest policy, whistleblower policy, and document retention policy suggests potential gaps in operational transparency. These omissions can be critical in maintaining accountability and building donor trust.
Overall, the Lmta Foundation Inc demonstrates a commendable financial practice with a focus on programmatic expenses, but it may benefit from enhancing its governance policies to further strengthen its operational integrity and reassure supporters.
This AI summary has been generated from information found on Charity Navigator.
Is Lmta Foundation Inc legitimate?
Lmta Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Lmta Foundation 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: $0
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Official website here: www.lmta.foundation
What is the mission statement of Lmta Foundation Inc?
The Lmta Foundation Inc's mission is focused on enhancing the understanding and public perception of the Louisiana trucking industry, improving highway safety, and pursuing workforce solutions within the industry. The organization strives to achieve these goals by providing networking opportunities for its members, promoting the trucking industry, fostering growth opportunities, and assisting members in complying with regulatory requirements.
Official website here: www.lmta.foundation
Who is the CEO of Lmta Foundation Inc?
Tom O'Neal is the Chairman of Lmta Foundation Inc.
Official website here: www.lmta.foundation
What is the revenue of Lmta Foundation Inc?
Lmta Foundation Inc's revenue in 2022 was $971,649.
Official website here: www.lmta.foundation
Who are the executives of Lmta Foundation Inc and what are their salaries?
Here are 5 key members and their salaries:
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Official website here: www.lmta.foundation
Where can I find the form 990 for Lmta Foundation Inc?
Lmta Foundation Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.lmta.foundation
Learn more at the official website: www.lmta.foundation
Mission Statement of Lmta Foundation Inc
Lmta Foundation Inc, a nonprofit organization, is dedicated to its mission of enhancing the understanding and improving the image of the Louisiana trucking industry. Additionally, the foundation aims to increase highway safety and pursue workforce solutions for this industry. By fulfilling this mission, Lmta Foundation Inc works to promote the trucking industry, cultivate growth opportunities for its members, and assist its members in complying with regulatory requirements. This mission is essential in ensuring the smooth operation of the Louisiana trucking industry and the safety of those involved.
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Impact
July, 2024
Lmta Foundation Inc's impact is focused on enhancing the understanding and image of the Louisiana trucking industry. The organization works to increase highway safety and pursue workforce solutions for the industry. Through networking opportunities, promotion of the trucking industry, cultivation of growth opportunities, and assistance with regulatory requirements, Lmta Foundation Inc plays a vital role in supporting and advancing the trucking sector in Louisiana. Its efforts contribute to a safer and more efficient transportation system while also helping to address workforce challenges within the industry.
This information is meant to be a general summary of Lmta Foundation 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 2022.
- Investment Income: $3,655
- Program Service Revenue: $967,994
- Gross Receipts: $971,649
Assets and Liabilities:
- Total Assets: $1,507,358
- Total Liabilities: $16,282
- Net Assets: $1,491,076
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
PROGRAM SERVICE REVENUE
Revenue
$967,994
Organization Details
Founding Year
2013
Phone
(225) 928-5685Principal Officer
Tom O'Neal
Main Address
PO BOX 80278, BATON ROUGE, LA, 70898
Website
www.lmta.foundationNTEE Category
Code: B82 - Education
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