Overview
What is Central Louisiana Economic Development Alliance?
Central Louisiana Economic Development Alliance, or CLEDA, is a nonprofit organization dedicated to fostering economic growth and employment opportunities in the Central Louisiana region. Their mission is to enhance the understanding of economics and promote effective economic planning and development strategies. By doing so, CLEDA aims to accelerate the quality and quantity of economic growth, ultimately leading to improved efficiency and development in the area. This involves various activities, including research, policy advocacy, and the implementation of development strategies to attract investment and create jobs.
Official website here: www.louisiana-central.com
What are the reviews and ratings of this charity?
Charity Navigator Rating: 92% (Four-Star out of Four Star rating)
The Central Louisiana Economic Development Alliance has achieved a solid Four-Star rating from Charity Navigator, indicating strong accountability and financial health. This rating reflects the organization’s commitment to transparency and effective management, with an impressive score of 92% in the Accountability & Finance category, which is critical for donor confidence.
The organization excels in multiple areas, including having a fully independent board and robust financial oversight practices. They have demonstrated no material diversion of assets, and their financial statements are well-audited. Additionally, they uphold important governance policies such as conflict of interest and whistleblower policies, which contribute to their reputation for integrity.
However, one noted limitation is their fundraising efficiency ratio, which scored poorly. This suggests that while the organization is financially transparent and well-managed, they may need to improve their fundraising strategies to maximize contributions. Overall, the Central Louisiana Economic Development Alliance is a reliable nonprofit making strides in economic development with room for growth in fundraising efficiency.
This AI summary has been generated from information found on Charity Navigator.
Is Central Louisiana Economic Development Alliance legitimate?
Central Louisiana Economic Development Alliance is a legitimate nonprofit organization registered as a 501(c)(3) entity. Central Louisiana Economic Development Alliance 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: $1,067,878
For more financial information, click here
Official website here: www.louisiana-central.com
What is the mission statement of Central Louisiana Economic Development Alliance?
The Central Louisiana Economic Development Alliance's mission is centered around promoting a better understanding of economic concepts and fostering economic development. Their objective is to enhance efficiency, stimulate growth, and accelerate the creation of both quality and quantity of economic opportunities, ultimately leading to improved employment prospects. This is achieved through the implementation of economic planning and development strategies.
Official website here: www.louisiana-central.com
What is the revenue of Central Louisiana Economic Development Alliance?
Central Louisiana Economic Development Alliance's revenue in 2023 was $2,135,545.
Official website here: www.louisiana-central.com
Who are the executives of Central Louisiana Economic Development Alliance and what are their salaries?
The average compensation at Central Louisiana Economic Development Alliance during 2023 was $71,192. There are 15 employees and 45 volunteers at Central Louisiana Economic Development Alliance.
Here are 7 key members and their salaries:
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Official website here: www.louisiana-central.com
Where can I find the form 990 for Central Louisiana Economic Development Alliance?
Central Louisiana Economic Development Alliance's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.louisiana-central.com
Learn more at the official website: www.louisiana-central.com
Mission Statement of Central Louisiana Economic Development Alliance
Central Louisiana Economic Development Alliance (CLEDA) is dedicated to enhancing the understanding and application of economic principles. Their mission revolves around fostering economic planning and development initiatives that ultimately lead to improved efficiency, stimulated growth, and an increase in employment opportunities. By implementing these strategies, CLEDA aims to accelerate both the quality and quantity of economic expansion in the region. The alliance's primary focus is on cultivating a conducive environment that encourages economic development and job creation, thereby contributing to the overall improvement of the local economy.
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Impact
July, 2024
The Central Louisiana Economic Development Alliance has made a significant impact on the region by advancing economic knowledge and understanding, as well as developing strategies for economic planning and development. Through its efforts, CLEDA has played a key role in improving the efficiency, development, and acceleration of both the quality and quantity of economic growth and employment opportunities in Central Louisiana. By focusing on economic planning and development activities, CLEDA has been instrumental in providing opportunities for economic growth and employment in the region, ultimately contributing to the overall prosperity and well-being of the community.
This information is meant to be a general summary of Central Louisiana Economic Development Alliance. 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 2023.
- Investment Income: $30,213
- Program Service Revenue: $55,640
- Gross Receipts: $2,135,545
Assets and Liabilities:
- Total Assets: $1,463,683
- Total Liabilities: $179,628
- Net Assets: $1,284,055
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
PROGRAM INCOME
Revenue
$55,640
Organization Details
Founding Year
2007
Principal Officer
Jim Clinton
Website
www.louisiana-central.comNTEE Category
Code: M990 - Public safety
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