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Labi Foundation

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

EIN: 464858854 ✦ Baton rouge, LA ✦ Designated as a 501(c)(3)

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Overview

What is Labi Foundation?

The Labi Foundation, situated in Baton Rouge, Louisiana, is a nonprofit organization with a mission to collaborate with business leaders. Their primary goal is to promote Louisiana's economic growth by providing educational resources and programs focusing on critical areas within the state. They achieve this through hosting various events, conferences, and seminars, which are accessible to both businesses and the public. These educational initiatives aim to deliver successful strategies, thereby contributing to Louisiana's economic potential.

Is Labi Foundation legitimate?

Labi Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Labi 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 Labi Foundation?

The Labi Foundation's mission is centered around collaborating with business leaders. Their primary goal is to educate and assist in the development of strategies that maximize a region's economic potential. This is achieved by providing educational materials and conducting events, such as conferences and seminars, which are open to both businesses and the public. The foundation's activities aim to focus on areas of significance in Louisiana, aiming to enhance its overall economic growth.

Who is the CEO of Labi Foundation?

James Patterson is the President of Labi Foundation.

What is the revenue of Labi Foundation?

Labi Foundation's revenue in 2022 was $383,943.

Who are the executives of Labi Foundation and what are their salaries?

There 15 volunteers at Labi Foundation.


Here are 4 key members and their salaries:


Maura Donahue (President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Reldon Owens (Vice President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Clay Allen (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Christopher Kinsey (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Where can I find the form 990 for Labi Foundation?

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

Mission Statement of Labi Foundation

The Labi Foundation, a nonprofit organization, is committed to collaborating with influential business leaders. Its mission is to educate and assist these leaders in devising and implementing effective strategies aimed at enhancing Louisiana's economic growth. The foundation achieves this by providing relevant educational materials and organizing various events, conferences, and seminars that are accessible to both businesses and the general public. These events serve as platforms for sharing valuable insights and knowledge on key areas of importance in Louisiana's economic landscape. By doing so, the Labi Foundation seeks to empower businesses and contribute to the maximization of Louisiana's economic potential.

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Impact




October, 2024

Labi Foundation significantly impacts Louisiana's economic landscape by partnering with business leaders to promote education and effective strategies tailored to the state’s needs. Through a series of educational events, conferences, and seminars, the foundation offers valuable resources aimed at enhancing business practices and fostering economic growth. By focusing on critical areas of importance to Louisiana, it equips local businesses with insights and strategies that can lead to increased employment opportunities and overall economic prosperity. The foundation's efforts not only drive individual business success but also contribute to maximizing the state's economic potential, making a lasting difference in the community.




This information is meant to be a general summary of Labi 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
$383,943 (2022)
Expenses
$460,672 (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: $118,943
  • Gross Receipts: $383,943

Assets and Liabilities:

  • Total Assets: $76,238
  • Total Liabilities: $0
  • Net Assets: $76,238

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Programs

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

Conferences & Seminars

Revenue

$118,943

Organization Details

Founding Year

2014

Principal Officer

James Patterson

Main Address

500 Main Street, Baton Rouge, LA, 70801

NTEE Category

Code: J19 - Employment

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