Overview
What is Louisiana Asset Management Pool Inc?
Louisiana Asset Management Pool Inc is a nonprofit organization located at 650 Poydras Street, New Orleans, LA 70130. Its primary mission is to offer a platform for public entities in Louisiana to pool and collectively invest funds, benefiting from competitive yields, lower fees, and investment management opportunities usually available only to large institutional investors. By doing so, the cooperative endeavor provides an efficient and effective investment pool for public funds. With a small team of three employees, Louisiana Asset Management Pool Inc strives to maximize returns and optimize investment strategies for its participating entities.
Official website here: www.lamppool.com
What are the reviews and ratings of this charity?
Charity Navigator Rating: 81% (Three-Star out of Four Stars)
Louisiana Asset Management Pool Inc has achieved a Three-Star rating from Charity Navigator, signifying a strong commitment to accountability and finance. The charity's overall score is derived solely from its accountability metrics, reflecting a robust adherence to financial best practices and transparency. With an impressive 81% in this area, the organization demonstrates a solid financial health.
Strengths of Louisiana Asset Management Pool Inc include a high level of independent board members, with 87% of its board being independent. It also holds a 90.07% program expense ratio, indicating that a significant portion of its funds is directed towards its programs rather than administrative costs. Furthermore, the organization has implemented essential policies such as conflict of interest and whistleblower protections, showcasing its dedication to ethical governance.
While the charity has received a favorable rating overall, it is important to note that the score is based entirely on its accountability metrics. This singular focus may not capture the full spectrum of its operational effectiveness or program impact. However, the positive financial indicators suggest a well-managed organization committed to its mission and responsible stewardship of resources.
This AI summary has been generated from information found on Charity Navigator.
Is Louisiana Asset Management Pool Inc legitimate?
Louisiana Asset Management Pool Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Louisiana Asset Management Pool 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: $502,895
Professional Fundraising Fees: $0
Other Salaries and Wages: $103,127
For more financial information, click here
Official website here: www.lamppool.com
What is the mission statement of Louisiana Asset Management Pool Inc?
Louisiana Asset Management Pool Inc's mission is to offer a pooling system for cooperative entities, allowing them to invest public funds efficiently and effectively. By pooling resources, these entities can benefit from competitive yields, lower fees, and investment management opportunities typically only available to large institutional investors. The goal is to provide a collective investment platform to public entities in Louisiana, thereby enhancing their financial prospects.
Official website here: www.lamppool.com
Who is the CEO of Louisiana Asset Management Pool Inc?
Theodore Sanders is the Chief Executive Officer of Louisiana Asset Management Pool Inc. The CEO's salary of Louisiana Asset Management Pool Inc is $221,402 and their total compensation is $276,450.
Official website here: www.lamppool.com
What is the revenue of Louisiana Asset Management Pool Inc?
Louisiana Asset Management Pool Inc's revenue in 2022 was $3,874,257.
Official website here: www.lamppool.com
Who are the executives of Louisiana Asset Management Pool Inc and what are their salaries?
The average compensation at Louisiana Asset Management Pool Inc during 2022 was $202,007. There are 3 employees at Louisiana Asset Management Pool Inc.
Here are 17 key members and their salaries (Louisiana Asset Management Pool Inc's CEO's salary is $221,402 and their total compensation is $276,450):
- Compensation: $221,402
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- Other: $55,048
- Compensation: $178,362
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- Other: $48,084
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- Compensation: $106,123
- Related: $0
- Other: $28,212
Official website here: www.lamppool.com
Where can I find the form 990 for Louisiana Asset Management Pool Inc?
Louisiana Asset Management Pool Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.lamppool.com
Learn more at the official website: www.lamppool.com
Mission Statement of Louisiana Asset Management Pool Inc
Louisiana Asset Management Pool Inc, with a mission to serve the cooperative endeavor, aims to offer a pool where public funds can be invested efficiently and effectively. This organization's primary goal is to provide a collective investment opportunity for various public entities in the state of Louisiana. By pooling their funds together, these entities can benefit from competitive yields, lower fees, and investment management services that are typically only accessible to large institutional investors. This approach allows Louisiana Asset Management Pool Inc to help public entities optimize their financial resources, ultimately contributing to the betterment of the community and the state as a whole.
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Impact
July, 2024
Louisiana Asset Management Pool Inc's impact lies in providing a means for public entities in the state of Louisiana to pool and collectively invest funds. By doing so, they allow these entities to benefit from competitive yields, lower fees, and access to the same level of investment management typically available only to large institutional investors. This enables public entities to manage their funds more efficiently and effectively, ultimately maximizing the returns on their investments for the public benefit.
This information is meant to be a general summary of Louisiana Asset Management Pool 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.
- Program Service Revenue: $3,874,257
- Gross Receipts: $3,874,257
Assets and Liabilities:
- Total Assets: $2,401,664
- Total Liabilities: $502,645
- Net Assets: $1,899,019
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
ADMINISTRATIVE INCOME
Revenue
$3,056,811
INVESTMENT ADVISORY INCOME
Revenue
$649,962
CUSTODIAL INCOME
Revenue
$167,484
Organization Details
Founding Year
1993
Phone
(504) 525-5267Principal Officer
Theodore Sanders
Main Address
650 POYDRAS STREET 2220, NEW ORLEANS, LA, 70130
Website
www.lamppool.comNTEE Category
Code: W60 - Public benefit
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