Overview
What is Southern Development Foundation?
The Southern Development Foundation, situated in Lafayette, Louisiana, serves as a nonprofit organization. Its primary mission involves offering financial management and technical assistance to various cooperatives, including farming cooperatives, within the state. The organization's objective is to support and strengthen these cooperatives, thereby contributing to the local community and economy. The specific activities undertaken by the Southern Development Foundation aim to empower these cooperatives, thereby improving their overall financial stability and operational efficiency.
Is Southern Development Foundation legitimate?
Southern Development Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Southern Development 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:
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What is the mission statement of Southern Development Foundation?
The Southern Development Foundation's mission, as evident from its program activity, is centered around offering financial management and technical assistance to cooperatives, particularly in the farming sector, located in Louisiana. The organization's primary goal is to empower these cooperatives, thereby contributing to their overall growth and sustainability. By providing these resources, the foundation aims to enhance the cooperatives' operational efficiency and ultimately improve the livelihoods of the individuals and communities associated with them. The foundation's role is essential in fostering economic development and self-reliance within the cooperatives.
What is the revenue of Southern Development Foundation?
Southern Development Foundation's revenue in 2023 was $329,325.
Who are the executives of Southern Development Foundation and what are their salaries?
Here are 4 key members and their salaries:
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Where can I find the form 990 for Southern Development Foundation?
Southern Development Foundation's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of Southern Development Foundation
The Southern Development Foundation serves a unique mission by offering financial management and technical assistance to cooperatives in various sectors, particularly farming, within the state of Louisiana. Through its program activity, this nonprofit organization aims to empower and support these cooperatives, enhancing their overall operations and sustainability. By providing vital financial and technical assistance, the Southern Development Foundation contributes to the growth and success of cooperatives in Louisiana, ultimately benefiting the local community and economy.
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Impact
October, 2024
Southern Development Foundation significantly impacts the agricultural landscape in Louisiana by providing crucial financial management and technical assistance to farming and cooperative enterprises. Based in Lafayette, the foundation empowers local farmers and cooperatives to enhance their operations, navigate financial complexities, and adopt best practices in farming. This support not only strengthens individual businesses but also fosters community resilience, ensuring that local agricultural practices thrive and contribute to the broader economy. By focusing on sustainability and growth, Southern Development Foundation plays a vital role in promoting food security and economic stability within the region.
This information is meant to be a general summary of Southern Development 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.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2023.
- Gross Receipts: $329,325
Assets and Liabilities:
- Total Assets: $2,564,808
- Total Liabilities: $1,322,908
- Net Assets: $1,241,900
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Organization Details
Founding Year
1974
Principal Officer
Aubrey Howard
NTEE Category
Code: K020 - Food
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