Overview
What is Louisiana Chamber Of Commerce?
Louisiana Chamber of Commerce is a nonprofit organization based in New Orleans, Louisiana. Its primary goal is to foster economic growth in the state by empowering and sustaining the minority business community. They achieve this by providing technical assistance to emerging chambers of commerce across Louisiana, including cities such as Shreveport, Baton Rouge, Lake Charles, and Lafayette. This assistance encompasses various areas, including board governance, communications, program development, finance, and technology. The organization has launched and supported the growth of eight chambers of commerce, representing over 900 minority businesses. They have also advocated on behalf of over 95,000 black-owned businesses across Louisiana. Since 2019, they have partnered with Louisiana Economic Development to extend their programming to support local minority and rural businesses. Furthermore, they have collaborated with the Louisiana State Treasurer to make grants available for businesses. The Louisiana Chamber of Commerce, led by President David St. Etienne, employs a team of three individuals. Their mission is to drive economic growth in the state by empowering and sustaining the minority business community through the development of local minority chambers and their membership.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 27%, Zero-Star out of Four Star rating.
The Louisiana Chamber Of Commerce has received a low score of 27%, indicating significant concerns regarding its accountability and financial practices. While the organization boasts a fully independent board, which is a strength, it falls short in essential areas such as financial transparency and governance policies. The lack of financial statements and missing essential policies like conflict of interest and whistleblower protections are notable weaknesses.
Additionally, the organization has a low program expense ratio of 17.84%, suggesting that a majority of its resources may not be directed towards its programs. The absence of key documents, such as tax forms and guidelines for document retention, further raises concerns about its operational integrity. Overall, while the independent board is a positive aspect, the lack of financial accountability and transparency limits the organization’s effectiveness and trustworthiness.
This AI summary has been generated from information found on Charity Navigator.
Is Louisiana Chamber Of Commerce legitimate?
Louisiana Chamber Of Commerce is a legitimate nonprofit organization registered as a 501(c)(3) entity. Louisiana Chamber Of Commerce 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: $267,322
For more financial information, click here
What is the mission statement of Louisiana Chamber Of Commerce?
The Louisiana Chamber of Commerce's mission is centered around fostering economic growth within the state. They accomplish this by empowering and sustaining the minority business community. This is achieved by developing local minority chambers and supporting their membership. The chamber provides various forms of assistance to emerging chambers of commerce across Louisiana, including training in areas such as governance, communications, program development, finance, and technology. Since its inception, the chamber has launched and supported the growth of eight minority chambers, representing over 900 minority-owned businesses. Furthermore, it has advocated for the interests of over 95,000 black-owned businesses across Louisiana, partnered with Louisiana Economic Development to extend their programming to support local minority and rural businesses since 2019, and collaborated with the Louisiana State Treasurer to make grants available for businesses.
Who is the CEO of Louisiana Chamber Of Commerce?
David St Etienne is the President/Ce of Louisiana Chamber Of Commerce.
What is the revenue of Louisiana Chamber Of Commerce?
Louisiana Chamber Of Commerce's revenue in 2022 was $829,167.
Who are the executives of Louisiana Chamber Of Commerce and what are their salaries?
The average compensation at Louisiana Chamber Of Commerce during 2022 was $89,107. There are 3 employees at Louisiana Chamber Of Commerce.
Here are 8 key members and their salaries:
- Compensation: $34,018
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- 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 Louisiana Chamber Of Commerce?
Louisiana Chamber Of Commerce's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Louisiana Chamber Of Commerce
The Louisiana Chamber of Commerce, in its mission, is dedicated to driving economic growth within the state. They achieve this by empowering and sustaining the minority business community through the development and support of local minority chambers and their membership. The organization provides a range of technical assistance to emerging chambers of commerce in various cities across Louisiana, such as Shreveport, Baton Rouge, Lake Charles, and Lafayette. This aid encompasses training in areas like board governance, communications, program development, finances, and technology, with the ultimate goal of strengthening and sustaining the minority business community. As of now, the Louisiana Chamber of Commerce has successfully launched and supported the growth of eight chambers of commerce, representing over 900 minority businesses. Moreover, they have advocated for over 95,000 black-owned businesses across Louisiana. In collaboration with the Louisiana Economic Development, they have extended their programming to support local minority and rural businesses since 2019. Additionally, they have partnered with the Louisiana State Treasurer to make grants available for businesses.
Shop smarter and support your favorite cause with the Give Freely browser extension. Save money with coupons and donate to charity with a single click. Download now!
Impact
July, 2024
The Louisiana Chamber Of Commerce plays a crucial role in driving economic growth in the state by empowering and sustaining the minority business community through the development of local minority chambers and their membership. They provide an array of technical assistance to emerging chambers of commerce in cities across Louisiana, including Shreveport, Baton Rouge, Lake Charles, and Lafayette. This assistance includes training in board governance, communications, program development, finances, and technology, with the goal of empowering and sustaining minority businesses.
Through their efforts, they have launched and supported the growth of eight chambers of commerce representing 900+ minority businesses. They have advocated for 95,000+ black-owned businesses across Louisiana, partnered with the Louisiana Economic Development to support local minority and rural businesses, and worked with the Louisiana State Treasurer to make grants available for businesses. Overall, the Louisiana Chamber Of Commerce's impact is significant in supporting and promoting the growth and success of minority businesses throughout the state.
This information is meant to be a general summary of Louisiana Chamber Of Commerce. 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: $677
- Gross Receipts: $829,167
Assets and Liabilities:
- Total Assets: $392,323
- Total Liabilities: $552
- Net Assets: $391,771
Want to help this charity, for free? You can click here to learn more about Give Freely
Organization Details
Phone
(504) 459-4553Principal Officer
David St Etienne
Main Address
3901 MACARTHUR BLVD, NEW ORLEANS, LA, 70114
NTEE Category
Code: T31 - Philanthropy
If you are a representative of Louisiana Chamber Of Commerce and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.