Overview
What is Lake Area Industry Alliance?
Lake Area Industry Alliance is a nonprofit organization based in an unspecified location, dedicated to improving its local community by fostering business growth and environmental sustainability. Through various projects, the organization aims to educate and inform civic leaders and the general public about issues impacting business, industry, and trade. They also strive to encourage existing industries to be environmentally responsible and promote the overall betterment of the area. Additionally, they collaborate with local education leaders to enhance educational systems to meet the needs of the business community. Some of their initiatives include the Community Advisory Panel, trash clean-up events, chemical expositions, and programs for incumbent workers. The organization's governing documents and any potential conflicts of interest are accessible to the public.
Official website here: www.laia.com
What are the reviews and ratings of this charity?
Charity Navigator Rating: Needs Improvement
The Lake Area Industry Alliance has received a two-star rating from Charity Navigator, reflecting a score of 73%. The organization demonstrates strong accountability and finance practices, achieving a perfect score in several areas such as independent board membership and material diversion of assets. However, its financial transparency raises concerns, especially due to a lack of publicly available financial statements.
While the alliance appears to have effective governance policies, including a conflict of interest policy, it falls short in areas such as whistleblower protection and document retention. These shortcomings indicate potential gaps in operational transparency that could impact donor confidence and organizational integrity.
Despite its strengths in program expense ratio and liabilities management, the absence of essential financial documentation on its website detracts from its overall assessment. Addressing these limitations could help improve its rating and enhance its credibility within the nonprofit sector.
This AI summary has been generated from information found on Charity Navigator.
Is Lake Area Industry Alliance legitimate?
Lake Area Industry Alliance is a legitimate nonprofit organization registered as a 501(c)(3) entity. Lake Area Industry Alliance 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: $96,300
For more financial information, click here
Official website here: www.laia.com
What is the mission statement of Lake Area Industry Alliance?
The Lake Area Industry Alliance aims to support the local community through educational projects that inform various leaders and the public about issues affecting business, industry, and trade. The organization encourages existing and new industries to be environmentally responsible and promotes the betterment of the area. In collaboration with local educational leaders, they work towards enhancing the education systems to meet the present and future needs of the business community. The Alliance's projects include events such as Trash Bash, Chem Expo, PTEC, and an Incumbent Worker Program. The organization's governing documents and any potential conflicts of interest are made available for review. The salary for the Executive Director is determined by the board.
Official website here: www.laia.com
Who is the CEO of Lake Area Industry Alliance?
Jim Rock is the Director of Lake Area Industry Alliance.
Official website here: www.laia.com
What is the revenue of Lake Area Industry Alliance?
Lake Area Industry Alliance's revenue in 2022 was $445,301.
Official website here: www.laia.com
Who are the executives of Lake Area Industry Alliance and what are their salaries?
The average compensation at Lake Area Industry Alliance during 2022 was $96,300. There is 1 employee at Lake Area Industry Alliance.
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Official website here: www.laia.com
Where can I find the form 990 for Lake Area Industry Alliance?
Lake Area Industry Alliance's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.laia.com
Learn more at the official website: www.laia.com
Mission Statement of Lake Area Industry Alliance
The Lake Area Industry Alliance, a nonprofit organization, focuses on supporting the local community by educating and informing national, state, local civic, and other leaders, as well as the public, about issues affecting, and impacting upon business, industry, and trade. Their primary goal is to encourage present and new industry to be good stewards of the environment and promote the general betterment of the area. In addition, they work closely with local education leaders to enhance the education systems to meet the present and future needs of the business community. The Alliance is actively involved in various projects such as the Trash Bash, Chem Expo, PTEC, and the Incumbent Worker Program. While details about grants and expenses for these programs are not specified, it is clear that the organization is dedicated to improving the local community through these initiatives. The Lake Area Industry Alliance also ensures that its operations are transparent, with the Form 990 being reviewed by the board's officers and made available to the board members. The board also determines the salary for the executive director and makes its governing documents, conflict of interest policies, and other relevant information available to the public.
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Impact
June, 2024
Lake Area Industry Alliance's impact can be seen through its efforts to support the local community by educating and informing national, state, and local civic leaders, as well as the public, about issues affecting business, industry, and trade. The organization works to encourage both existing and new industries to prioritize environmental stewardship and promote overall improvement in the area. Additionally, Lake Area Industry Alliance collaborates with local education leaders to enhance education systems to meet the present and future needs of the business community. Through programs like the Community Advisory Panel (CAP) and events such as Trash Bash, Chem Expo, and PTEC, the organization actively engages in initiatives that benefit both the community and the environment.
This information is meant to be a general summary of Lake Area Industry Alliance. 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: $578
- Program Service Revenue: $251,037
- Gross Receipts: $445,301
Assets and Liabilities:
- Total Assets: $296,998
- Total Liabilities: $6,365
- Net Assets: $290,633
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
AIR MONITORING
Revenue
$236,235
CAP DUES
Revenue
$12,600
Organization Details
Founding Year
2001
Phone
(337) 436-6800Principal Officer
Jim Rock
Main Address
PO BOX 2225, LAKE CHARLES, LA, 70602
Website
www.laia.comNTEE Category
Code: C20 - Environment
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