Overview
What is Southwest Louisiana Alliance Foundation Inc?
The Southwest Louisiana Alliance Foundation is a nonprofit organization that actively works towards attracting new businesses to Southwest Louisiana. Their primary function involves providing community services, such as publishing local economic indicators and conducting research on economic development. To achieve this goal, they employ various marketing strategies, including advertising in trade publications. By doing so, the Foundation aims to draw in new businesses, thereby contributing to the growth and prosperity of the region.
Official website here: www.allianceswla.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 92% (Four-Star out of Four Stars)
The Southwest Louisiana Alliance Foundation Inc has achieved a commendable Four-Star rating from Charity Navigator, reflecting its strong emphasis on accountability and finance. With a score of 92%, the organization demonstrates a high level of financial health and transparency, which is crucial for donor trust and operational integrity. The foundation's performance is primarily bolstered by its solid fiscal management and robust governance practices, evidenced by the presence of a predominantly independent board and a favorable liabilities to assets ratio.
Among its strengths, the foundation has received full marks for its financial statements audit and maintains an impressive program expense ratio of 92.97%, indicating that a significant portion of its funds directly supports its programs. Furthermore, the organization has clear policies in place regarding whistleblowing and document retention, which contribute to its accountability framework.
However, while the foundation excels in many areas, it is noted that it lacks a conflict of interest policy, which is a critical component for ensuring ethical governance. Addressing this gap could enhance its operational standards and further increase confidence among stakeholders. Overall, the Southwest Louisiana Alliance Foundation Inc is recognized for its effective financial practices and strong governance, though it has room for improvement in policy development.
This AI summary has been generated from information found on Charity Navigator.
Is Southwest Louisiana Alliance Foundation Inc legitimate?
Southwest Louisiana Alliance Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Southwest Louisiana Alliance 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: $63,100
Professional Fundraising Fees: $0
Other Salaries and Wages: $511,738
For more financial information, click here
Official website here: www.allianceswla.org
What is the mission statement of Southwest Louisiana Alliance Foundation Inc?
The Southwest Louisiana Alliance Foundation's mission is centered around attracting new businesses to the region. They accomplish this by offering a variety of community services, which include publishing local economic indicators and conducting studies on economic development. To attract potential businesses, the foundation employs marketing strategies such as advertising in trade publications.
Official website here: www.allianceswla.org
Who is the CEO of Southwest Louisiana Alliance Foundation Inc?
George Swift is the President & of Southwest Louisiana Alliance Foundation Inc.
Official website here: www.allianceswla.org
What is the revenue of Southwest Louisiana Alliance Foundation Inc?
Southwest Louisiana Alliance Foundation Inc's revenue in 2022 was $1,591,181.
Official website here: www.allianceswla.org
Who are the executives of Southwest Louisiana Alliance Foundation Inc and what are their salaries?
There 164 volunteers at Southwest Louisiana Alliance Foundation Inc.
Here are 10 key members and their salaries:
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Official website here: www.allianceswla.org
Where can I find the form 990 for Southwest Louisiana Alliance Foundation Inc?
Southwest Louisiana Alliance Foundation Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.allianceswla.org
Learn more at the official website: www.allianceswla.org
Mission Statement of Southwest Louisiana Alliance Foundation Inc
The Southwest Louisiana Alliance Foundation, in its mission, strives to attract new businesses to the region. This nonprofit organization provides various services to the community, with a key focus on economic development. To achieve its goal, the Foundation publishes area economic indicators and conducts studies related to economic growth. Moreover, it utilizes strategic marketing methods, including advertising in trade publications, to attract potential businesses to Southwest Louisiana. The Southwest Louisiana Alliance Foundation aims to foster an environment conducive to business growth and prosperity, thereby contributing to the overall development of the community.
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Impact
July, 2024
Southwest Louisiana Alliance Foundation Inc plays a vital role in driving economic growth and development in Southwest Louisiana. By actively attracting new businesses to the region, the foundation creates opportunities for job creation, increased investment, and enhanced economic vitality. Through its services such as publishing economic indicators and conducting economic development studies, the foundation supports the community's growth and prosperity. Utilizing innovative marketing strategies and collaborations, Southwest Louisiana Alliance Foundation Inc contributes to the overall improvement and advancement of the region, fostering a more vibrant and thriving community.
This information is meant to be a general summary of Southwest Louisiana Alliance 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: $633
- Program Service Revenue: $1,090,610
- Gross Receipts: $1,591,181
Assets and Liabilities:
- Total Assets: $1,060,905
- Total Liabilities: $4,500
- Net Assets: $1,056,405
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
SWLA ON THE MOVE
Revenue
$754,909
SEED CENTER
Revenue
$188,642
COMMUNITY/BUSINESS DEVELOPMEN
Revenue
$147,059
Organization Details
Founding Year
1984
Phone
(337) 433-3632Principal Officer
George Swift
Main Address
PO BOX 3110, LAKE CHARLES, LA, 70602
Website
www.allianceswla.orgNTEE Category
Code: S300 - Community improvement
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