Overview
What is Louisiana Farm Bureau Foundation Inc?
Louisiana Farm Bureau Foundation Inc is a nonprofit organization located in Baton Rouge, Louisiana. Its primary mission is to encourage students to pursue a degree in a curriculum relating to agriculture, either directly or indirectly, by offering scholarships. In the current year, eight such scholarships were awarded. Additionally, the foundation extends its support to victims of catastrophic events, such as hurricanes and floods, by providing disaster relief funds. These funds are disbursed to those affected by such events. The foundation operates with the aim of making a positive impact on both the future of agriculture and the communities affected by natural disasters.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 94%, Four-Star out of Four Star rating.
The Louisiana Farm Bureau Foundation Inc has achieved a commendable Four-Star rating from Charity Navigator, reflecting a strong commitment to accountability and finance. The organization scored highly in multiple areas, including having a fully independent board and no material diversion of assets, indicating effective governance and ethical management practices.
One of the significant strengths of the foundation is its impressive program expense ratio of 93.55%, which suggests that a large portion of its resources is directed towards its mission-driven activities. Additionally, the organization has well-established policies in place, including conflict of interest and whistleblower protections, ensuring transparency and accountability in its operations.
Despite these strengths, potential donors should remain aware that the rating is based solely on the accountability and finance beacon. While this indicates good fiscal management, it may not reflect the overall impact or outcomes of the foundation's programs and services.
This AI summary has been generated from information found on Charity Navigator.
Is Louisiana Farm Bureau Foundation Inc legitimate?
Louisiana Farm Bureau Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Louisiana Farm Bureau 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
For more financial information, click here
What is the mission statement of Louisiana Farm Bureau Foundation Inc?
The Louisiana Farm Bureau Foundation Inc is committed to encouraging students to pursue higher education in a curriculum that benefits agriculture, either directly or indirectly. The organization also extends disaster relief aid to individuals affected by catastrophic events such as hurricanes and floods. Funds raised for these purposes are distributed to those in need. In essence, the foundation supports agricultural education and provides assistance to those impacted by natural disasters.
Who is the CEO of Louisiana Farm Bureau Foundation Inc?
Jim Harper is the President of Louisiana Farm Bureau Foundation Inc.
What is the revenue of Louisiana Farm Bureau Foundation Inc?
Louisiana Farm Bureau Foundation Inc's revenue in 2022 was $49,696.
Who are the executives of Louisiana Farm Bureau Foundation Inc and what are their salaries?
There 200 volunteers at Louisiana Farm Bureau Foundation Inc.
Here are 22 key members and their salaries:
- Compensation: $0
- Related: $6,505
- Other: $0
- Compensation: $0
- Related: $1,200
- Other: $0
- Compensation: $0
- Related: $1,400
- Other: $0
- Compensation: $0
- Related: $2,800
- Other: $0
- Compensation: $0
- Related: $1,400
- Other: $0
- Compensation: $0
- Related: $3,000
- Other: $0
- Compensation: $0
- Related: $800
- Other: $0
- Compensation: $0
- Related: $1,600
- Other: $0
- Compensation: $0
- Related: $2,400
- Other: $0
- Compensation: $0
- Related: $2,600
- Other: $0
- Compensation: $0
- Related: $3,000
- Other: $0
- Compensation: $0
- Related: $1,000
- Other: $0
- Compensation: $0
- Related: $2,600
- Other: $0
- Compensation: $0
- Related: $1,800
- Other: $0
- Compensation: $0
- Related: $3,000
- Other: $0
- Compensation: $0
- Related: $2,600
- Other: $0
- Compensation: $0
- Related: $2,600
- Other: $0
- Compensation: $0
- Related: $3,400
- Other: $0
- Compensation: $0
- Related: $63,900
- Other: $0
- Compensation: $0
- Related: $3,600
- Other: $0
- Compensation: $0
- Related: $3,400
- Other: $0
- Compensation: $0
- Related: $3,600
- Other: $0
Where can I find the form 990 for Louisiana Farm Bureau Foundation Inc?
Louisiana Farm Bureau Foundation Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Louisiana Farm Bureau Foundation Inc
Louisiana Farm Bureau Foundation Inc is dedicated to encouraging students to pursue higher education in fields that directly or indirectly benefit agriculture. The organization aims to accomplish this by providing financial assistance for students seeking degrees in agriculture-related curriculums. Additionally, Louisiana Farm Bureau Foundation Inc extends its efforts to aid victims of catastrophic events such as hurricanes and floods by offering disaster relief funds. These funds are disbursed to individuals and families who have been affected by such calamities, providing them with much-needed support during challenging times.
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Impact
August, 2024
Louisiana Farm Bureau Foundation Inc's impact includes awarding scholarships to encourage students to pursue degrees in agriculture-related fields at colleges or universities. In the current year, the foundation awarded eight scholarships to deserving individuals. Additionally, the foundation provides supplies and grants for disaster relief to victims of catastrophic events such as hurricanes and floods. Funds raised for these purposes are distributed to those affected by such events, aiding in their recovery and rebuilding efforts.
This information is meant to be a general summary of Louisiana Farm Bureau 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: $10,517
- Gross Receipts: $63,067
Assets and Liabilities:
- Total Assets: $785,124
- Total Liabilities: $73,640
- Net Assets: $711,484
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Organization Details
Founding Year
1991
Phone
(225) 922-6200Principal Officer
Jim Harper
Main Address
7000 COMMERCE CIRCLE, BATON ROUGE, LA, 70809
NTEE Category
Code: B82Z - Education
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