Overview
What is Larc Foundation Inc?
Larc Foundation Inc, located in Lafayette, Louisiana, serves as a nonprofit organization with a primary mission to support Larc Inc. This involves managing and safeguarding donations aimed at benefiting Larc Inc. Specifically, the foundation utilizes these funds to cover retirement plan expenses for Larc Inc's employees and contributes to their annual Noel Acadien fundraiser. This financial assistance stems from donations made to the foundation, demonstrating its key role in supporting Larc Inc and its employees.
Is Larc Foundation Inc legitimate?
Larc Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Larc 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
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What is the mission statement of Larc Foundation Inc?
The Larc Foundation Inc's primary role is to manage and safeguard donations intended for Larc, Inc. Specifically, it invests these funds to cover retirement plan expenses for Larc Inc's employees and contributes to the annual Noel Acadien fundraiser organized by Larc Inc. In essence, the foundation serves as a financial steward, ensuring the proper allocation of donations for the benefit of Larc, Inc. and its employees.
Who is the CEO of Larc Foundation Inc?
Nicholas Gachassin Iii is the President of Larc Foundation Inc.
What is the revenue of Larc Foundation Inc?
Larc Foundation Inc's revenue in 2022 was $2,199.
Who are the executives of Larc Foundation Inc and what are their salaries?
There 3 volunteers at Larc Foundation Inc.
Here are 3 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Larc Foundation Inc?
Larc Foundation Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Larc Foundation Inc
Larc Foundation Inc is dedicated to managing and safeguarding donations intended for the benefit of Larc, Inc. This mission involves investing these funds wisely, ensuring that they are utilized effectively for their intended purpose. One of the primary roles of Larc Foundation Inc is to provide financial support for the retirement expenses of Larc, Inc's employees. This commitment to the well-being of its employees underscores the foundation's dedication to its parent organization. Additionally, Larc Foundation Inc contributes to Larc, Inc's annual Noel Acadien fundraiser, further demonstrating its support for its affiliated organization. By fulfilling these roles, Larc Foundation Inc plays a crucial part in the overall success and well-being of Larc, Inc.
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Impact
October, 2024
Larc Foundation Inc plays a pivotal role in supporting and enhancing the resources available for LARC, Inc. By investing, managing, and safeguarding donations, the foundation ensures that essential funds are available for retirement plan expenses, which directly benefits the employees of LARC, Inc. Additionally, its contributions to the annual Noel Acadien fundraiser help bolster community support and engagement. This impact not only strengthens the workforce of LARC, Inc., but also promotes philanthropic efforts that enhance the quality of services provided to the community in Lafayette, LA. Ultimately, Larc Foundation Inc acts as a crucial pillar in fostering stability and growth within its affiliated organization and the wider community it serves.
This information is meant to be a general summary of Larc 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: -$301
- Gross Receipts: $5,434,972
Assets and Liabilities:
- Total Assets: $1,206,370
- Total Liabilities: $0
- Net Assets: $1,206,370
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Organization Details
Founding Year
1999
Phone
(337) 984-6110Principal Officer
Nicholas Gachassin Iii
Main Address
303 NEW HOPE ROAD, LAFAYETTE, LA, 70506
NTEE Category
Code: T70 - Philanthropy
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