Overview
What is The Louisiana Open Inc?
The Louisiana Open Inc is a nonprofit organization situated in Lafayette, Louisiana. Its primary mission is to support local charities by organizing a significant annual golf tournament, as well as various smaller tournaments throughout the year. These events serve as fundraising initiatives, channeling essential resources towards charitable causes within the Lafayette community.
Official website here: www.laopen.com
What are the reviews and ratings of this charity?
Charity Navigator Rating: 20%
The Louisiana Open Inc has received a very low rating of 20%, reflecting significant concerns regarding its accountability and financial practices. The organization has a Zero-Star out of Four Star rating, indicating serious issues that could affect donor confidence and investment in its mission. Key areas of concern include a complete lack of independent board members, which raises questions about governance and oversight.
The charity does demonstrate some positive aspects, such as having no reported material diversion of assets and maintaining a conflict of interest policy. However, it falls short in crucial areas like not having a whistleblower policy, missing documentation for board meeting minutes, and failing to post its tax forms on its website. These deficiencies suggest a lack of transparency and could hinder the organization’s credibility.
Financially, Louisiana Open Inc has a liabilities to assets ratio of 30.36% and a program expense ratio of 43.52%, both of which are below acceptable thresholds, indicating potential issues with financial health and program delivery. Overall, while there are some policy frameworks in place, the organization’s governance and financial management practices need significant improvement to ensure effective operation and build trust with stakeholders.
This AI summary has been generated from information found on Charity Navigator.
Is The Louisiana Open Inc legitimate?
The Louisiana Open Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Louisiana Open 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: $110,152
Professional Fundraising Fees: $0
Other Salaries and Wages: $36,000
For more financial information, click here
Official website here: www.laopen.com
What is the mission statement of The Louisiana Open Inc?
The Louisiana Open Inc's mission is centered around providing support to charitable organizations. Each year, they organize a significant golf tournament to raise funds for these noble causes. Beyond this major event, they also coordinate smaller golf tournaments, all with the shared goal of aiding charities within their reach. This ongoing activity is aimed at making a positive impact on the community, thereby contributing to the betterment of various charitable initiatives.
Official website here: www.laopen.com
Who is the CEO of The Louisiana Open Inc?
Harry Patin Jr is the President of The Louisiana Open Inc.
Official website here: www.laopen.com
What is the revenue of The Louisiana Open Inc?
The Louisiana Open Inc's revenue in 2022 was $468,302.
Official website here: www.laopen.com
Who are the executives of The Louisiana Open Inc and what are their salaries?
Here are 7 key members and their salaries:
- Compensation: $110,152
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- Other: $0
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- Other: $0
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- Other: $0
- Compensation: $0
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- Compensation: $0
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- Other: $0
Official website here: www.laopen.com
Where can I find the form 990 for The Louisiana Open Inc?
The Louisiana Open Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.laopen.com
Learn more at the official website: www.laopen.com
Mission Statement of The Louisiana Open Inc
The Louisiana Open, a renowned organization, is dedicated to providing support to charities. They achieve this mission by hosting a significant annual golf tournament, which serves as a primary source of funding for various local charities. Beyond this major event, The Louisiana Open also organizes a series of smaller golf tournaments throughout the year. Each of these events shares the same goal: to contribute to the well-being of charities based in Lafayette, Louisiana. The Louisiana Open's unwavering commitment to charitable support is evident in its calendar of events, all of which are designed to raise funds and generate awareness for these worthy causes.
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Impact
July, 2024
The Louisiana Open Inc's impact revolves around providing crucial funding for local charities in Lafayette, LA through hosting major and smaller golf tournaments throughout the year. These events not only promote recreational activities but also generate significant financial support for charitable organizations in the community. By organizing these tournaments, The Louisiana Open Inc plays a vital role in supporting various charitable causes and making a positive impact on the lives of those in need in Lafayette.
This information is meant to be a general summary of The Louisiana Open 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: $7,164
- Gross Receipts: $1,083,507
Assets and Liabilities:
- Total Assets: $681,813
- Total Liabilities: $207,030
- Net Assets: $474,783
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Organization Details
Phone
(337) 593-8000Principal Officer
Harry Patin Jr
Main Address
124 HEYMANN BLVD 202, LAFAYETTE, LA, 70503
Website
www.laopen.comNTEE Category
Code: N70 - Recreation
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