Overview
What is Friends Of Louisiana Public Broadcasting Inc?
Friends of Louisiana Public Broadcasting Inc is a nonprofit organization situated in Baton Rouge, Louisiana, with an address at 7733 Perkins Road. Their primary mission is to raise funds for Louisiana Public Broadcasting, a 501(c)(3) organization. By accomplishing this mission, they transferred a substantial amount of $1,150,280 to another tax-exempt organization, further supporting their cause. The organization, with a workforce of five individuals, plays a vital role in strengthening the Louisiana Public Broadcasting foundation.
Official website here: www.lpb.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: Needs Improvement (60%)
Friends Of Louisiana Public Broadcasting Inc has received a two-star rating from Charity Navigator, indicating that there are areas needing improvement, particularly in accountability and financial practices. While the organization excels in board independence and has no reported material diversions of assets, the lack of a whistleblower policy and document retention guidelines raises concerns about governance and transparency.
Financially, the organization shows mixed results. While it has a good score for its audit and oversight committee, the program expense ratio is relatively low at 58.11%, which may suggest a substantial portion of funds is not directed towards programs. Additionally, the fundraising efficiency ratio of $0.35 indicates that costs are high relative to the funds raised, which could impact the organization's overall sustainability.
The working capital ratio of just 0.10 years is a significant limitation, signaling potential liquidity issues. The salaries of key personnel also appear high, particularly the Executive Director's compensation of $294,828 and the Membership Director's at $210,161, which may prompt discussions around resource allocation. Overall, while there are strengths in governance, the organization must address financial inefficiencies and governance gaps to enhance its effectiveness and transparency.
This AI summary has been generated from information found on Charity Navigator.
Is Friends Of Louisiana Public Broadcasting Inc legitimate?
Friends Of Louisiana Public Broadcasting Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Friends Of Louisiana Public Broadcasting 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: $412,160
Professional Fundraising Fees: $0
Other Salaries and Wages: $86,272
For more financial information, click here
Official website here: www.lpb.org
What is the mission statement of Friends Of Louisiana Public Broadcasting Inc?
Friends of Louisiana Public Broadcasting Inc's mission is centered around raising funds for Louisiana Public Broadcasting, a 501(c)(3) organization. Their primary goal is to support the Foundation for Excellence in Louisiana Public Broadcasting by financially contributing to it, as evidenced by their transfer of $1,150,280 to another eligible tax-exempt organization. In essence, the organization's mission is to contribute monetarily to the enrichment and promotion of Louisiana Public Broadcasting.
Official website here: www.lpb.org
Who is the CEO of Friends Of Louisiana Public Broadcasting Inc?
Terri A Crocket is the Executive Dir. of Friends Of Louisiana Public Broadcasting Inc.
Official website here: www.lpb.org
What is the revenue of Friends Of Louisiana Public Broadcasting Inc?
Friends Of Louisiana Public Broadcasting Inc's revenue in 2022 was $3,679,953.
Official website here: www.lpb.org
Who are the executives of Friends Of Louisiana Public Broadcasting Inc and what are their salaries?
The average compensation at Friends Of Louisiana Public Broadcasting Inc during 2022 was $99,686. There are 5 employees and 350 volunteers at Friends Of Louisiana Public Broadcasting Inc.
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Official website here: www.lpb.org
Where can I find the form 990 for Friends Of Louisiana Public Broadcasting Inc?
Friends Of Louisiana Public Broadcasting Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.lpb.org
Learn more at the official website: www.lpb.org
Mission Statement of Friends Of Louisiana Public Broadcasting Inc
Friends of Louisiana Public Broadcasting Inc is committed to supporting Louisiana Public Broadcasting, a 501(c)(3) organization. Their primary mission is to raise funds for this organization, which plays a significant role in the state's public broadcasting sector. By transferring a substantial sum of $1,150,280 to another eligible 501(c)(3) organization, Friends of Louisiana Public Broadcasting Inc has successfully contributed to the foundation's objectives and ongoing operations. This financial support enables Louisiana Public Broadcasting to continue its essential role in providing informative, educational, and entertaining programming to Louisiana's diverse communities.
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Impact
July, 2024
Friends Of Louisiana Public Broadcasting Inc's impact can be seen in its ability to support the Foundation for Excellence in Louisiana Public Broadcasting by transferring over $1 million to another tax-exempt organization. By raising funds for Louisiana Public Broadcasting, this organization has played a crucial role in supporting arts and cultural programming that enriches the community. Its efforts have contributed to the continued success and sustainability of public broadcasting in Louisiana, ensuring access to quality educational and entertaining content for the public.
This information is meant to be a general summary of Friends Of Louisiana Public Broadcasting 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: $1,000
- Program Service Revenue: $62,255
- Gross Receipts: $3,834,707
Assets and Liabilities:
- Total Assets: $807,253
- Total Liabilities: $402,170
- Net Assets: $405,083
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Fees & Contracts Gov Agencies
Revenue
$62,255
Organization Details
Founding Year
1973
Phone
(225) 767-4464Principal Officer
Terri A Crocket
Main Address
7733 PERKINS ROAD, BATON ROUGE, LA, 70810
Website
www.lpb.orgNTEE Category
Code: A11 - Arts
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