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Foundation Industries Inc

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

EIN: 720947928 ✦ Zachary, LA ✦ Designated as a 501(c)(3)

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Overview

What is Foundation Industries Inc?

Foundation Industries Inc is a nonprofit organization situated in Zachary, Louisiana, at 9995 Main Street. Their primary mission is to cater to the vocational needs of individuals with developmental disabilities. They achieve this through a specialized program, known as a sheltered workshop, which provides training and rehabilitation services. Typically, the organization serves over 125 clients. Although the information does not specify the scope of their services, it's understood that Foundation Industries Inc aims to empower individuals with developmental disabilities and help them integrate into society more effectively.

Is Foundation Industries Inc legitimate?

Foundation Industries Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Foundation Industries 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: $52,260
Professional Fundraising Fees: $0
Other Salaries and Wages: $405,251

For more financial information, click here

What is the mission statement of Foundation Industries Inc?

Foundation Industries Inc, as a non-profit private agency, is dedicated to addressing the vocational needs of individuals with developmental disabilities. Their mission is to provide training and rehabilitation services, often through a shelter workshop, to help these individuals overcome their challenges and become more independent. Normally, the organization serves over 125 clients. Unfortunately, due to the COVID-19 pandemic, Foundation Industries Inc had to close operations after March 31, 20XX.

Who is the CEO of Foundation Industries Inc?

Jim Lambert Oswald is the General Manager of Foundation Industries Inc.

What is the revenue of Foundation Industries Inc?

Foundation Industries Inc's revenue in 2020 was $612,020.

Who are the executives of Foundation Industries Inc and what are their salaries?

The average compensation at Foundation Industries Inc during 2020 was $7,262. There are 63 employees at Foundation Industries Inc.


Here are 16 key members and their salaries:


Jim Lambert Oswald (General Manager)
  • Compensation: $52,260
  • Related: $0
  • Other: $0
Melba King (Operational Manage)
  • Compensation: $47,337
  • Related: $0
  • Other: $0
Alexander Lambert-Oswald (Accountant)
  • Compensation: $42,993
  • Related: $0
  • Other: $0
Gladys Jackson (Dept Head)
  • Compensation: $40,730
  • Related: $0
  • Other: $0
Vickie Shoemaker ()
  • Compensation: $27,371
  • Related: $0
  • Other: $0
Allison Campbell (Staff)
  • Compensation: $26,479
  • Related: $0
  • Other: $0
Reggie James (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Melba King (Operation Manag)
  • Compensation: $0
  • Related: $0
  • Other: $0
Rachel Byrd (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Martha Davis (President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Romona Dunaway (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Debra Lazarus (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Curtis Hatman (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Ellen Swain (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
Renee Dunaway (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Bradley Hebert (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Where can I find the form 990 for Foundation Industries Inc?

Foundation Industries Inc's most recent form 990 was submitted in 2020 and can be accessed here.

Mission Statement of Foundation Industries Inc

Foundation Industries Inc, a non-profit private agency, is dedicated to addressing the vocational needs of individuals with developmental disabilities. This organization takes a proactive approach to rehabilitating and training mentally handicapped individuals, providing them with the necessary skills to become more independent and integrated into society. Prior to the COVID-19 pandemic, Foundation Industries Inc had over 125 clients benefiting from their services. However, like many organizations, they were forced to close their operations after March 31 due to the global health crisis. Despite this temporary setback, the mission of Foundation Industries Inc remains steadfast in its commitment to supporting individuals with developmental disabilities and helping them to lead fulfilling lives.

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Impact




October, 2024

Foundation Industries Inc significantly impacts the community by addressing the vocational needs of individuals with developmental disabilities. By providing training and rehabilitation services, the organization empowers over 125 clients, helping them develop skills that enhance their employability and quality of life. Through its sheltered workshop model, Foundation Industries Inc creates an inclusive environment where individuals can gain valuable work experience and build confidence. This not only promotes personal growth but also fosters a sense of belonging and community engagement among participants. The organization's commitment to supporting individuals with developmental disabilities plays a vital role in promoting greater workforce diversity and inclusion, ultimately benefiting both the clients and the broader community.




This information is meant to be a general summary of Foundation Industries 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.

Revenue
$612,020 (2020)
Expenses
$637,384 (2020)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2020.

  • Investment Income: $18,867
  • Program Service Revenue: $545,853
  • Gross Receipts: $612,020

Assets and Liabilities:

  • Total Assets: $284,193
  • Total Liabilities: $364,763
  • Net Assets: -$80,570

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Programs

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

WORKSHOP SALES /SERVICE

Revenue

$545,853

Organization Details

Founding Year

1982

Principal Officer

Jim Lambert Oswald

Main Address

9995 MAIN STREET, ZACHARY, LA, 70791

NTEE Category

Code: J330 - Employment

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