Overview
What is Labor Mobility Partnerships Inc?
Labor Mobility Partnerships Inc, based in Washington D.C., is a nonprofit organization with a mission to improve labor mobility and reduce risks for migrant workers. They primarily focus on professionalizing the recruitment industry, enhancing transparency, and minimizing the chance of debt bondage. Responsible recruitment provides workers with access to well-paid, rights-respecting jobs abroad while mitigating risks during migration. By tailoring projects to specific corridors and sectors, LAMP seeks sustainable solutions that benefit all parties involved, including buyers, employers, recruiters, and workers. Their ultimate goal is to lift millions of workers out of poverty, enabling them to access quality jobs across borders and helping businesses in high-income countries address labor shortages.
Official website here: www.lampforum.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 92% (Four-Star out of Four Star rating) from Charity Navigator.
Labor Mobility Partnerships Inc has achieved a strong Four-Star rating from Charity Navigator, reflecting its commitment to accountability and financial transparency. With an overall score of 92% based solely on the Accountability & Finance beacon, the organization demonstrates solid governance practices and effective management of resources.
The nonprofit showcases notable strengths, including a board comprised of 66% independent members and a perfect score in audit and oversight components. Their financial practices are commendable, with no material diversions of assets and a high program expense ratio of 71.84%, indicating that a significant portion of funds directly supports its mission. Additionally, their fundraising efficiency is exceptional, with minimal fundraising costs.
While the organization exhibits robust financial health with a liabilities to assets ratio of 6.67% and a working capital ratio of 2.88 years, it remains crucial for potential donors to consider the organization's specific programs and impacts when evaluating overall effectiveness. The thorough governance policies, including conflict of interest and whistleblower protections, further enhance confidence in its operations.
This AI summary has been generated from information found on Charity Navigator.
Is Labor Mobility Partnerships Inc legitimate?
Labor Mobility Partnerships Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Labor Mobility Partnerships 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: $327,275
Professional Fundraising Fees: $0
Other Salaries and Wages: $169,316
For more financial information, click here
Official website here: www.lampforum.org
What is the mission statement of Labor Mobility Partnerships Inc?
Labor Mobility Partnerships Inc's mission is centered around alleviating poverty by enhancing the scale and quality of labor mobility. The organization aims to assist workers from low-income countries in securing quality jobs across borders, while simultaneously helping businesses in high-income countries address labor shortages. To achieve this, Labor Mobility Partnerships Inc improves existing labor mobility pathways by professionalizing the recruitment industry, enhancing transparency, and significantly reducing the risks of debt bondage for migrant workers. By implementing responsible recruitment practices, workers gain access to well-paid, rights-respecting jobs abroad, while businesses benefit from a reliable workforce that can boost productivity gains. The organization tailors its projects to the unique realities of each migration corridor and sector, either by working with existing market players to adopt responsible practices or by seeding a new industry of responsible actors. The ultimate goal is to create sustainable, responsible recruitment solutions that benefit all parties involved.
Official website here: www.lampforum.org
Who is the CEO of Labor Mobility Partnerships Inc?
Rebekah Smith is the President / Ed of Labor Mobility Partnerships Inc.
Official website here: www.lampforum.org
What is the revenue of Labor Mobility Partnerships Inc?
Labor Mobility Partnerships Inc's revenue in 2022 was $2,152,770.
Official website here: www.lampforum.org
Who are the executives of Labor Mobility Partnerships Inc and what are their salaries?
The average compensation at Labor Mobility Partnerships Inc during 2022 was $82,765. There are 6 employees and 2 volunteers at Labor Mobility Partnerships Inc.
Here are 7 key members and their salaries:
- Compensation: $149,659
- Related: $0
- Other: $6,168
- Compensation: $48,960
- 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: $34,850
- Related: $0
- Other: $525
Official website here: www.lampforum.org
Where can I find the form 990 for Labor Mobility Partnerships Inc?
Labor Mobility Partnerships Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.lampforum.org
Learn more at the official website: www.lampforum.org
Mission Statement of Labor Mobility Partnerships Inc
Labor Mobility Partnerships Inc, a nonprofit organization, aims to significantly reduce poverty by enhancing the scale and quality of labor mobility. By doing so, the organization aspires to help millions of workers from low-income countries secure quality jobs abroad, while simultaneously addressing the labor shortages faced by businesses in high-income countries. The primary strategy employed by Labor Mobility Partnerships Inc is to improve the quality of existing labor mobility pathways. This is accomplished through professionalizing the recruitment industry, increasing transparency, and drastically reducing the risks of debt bondage for migrant workers.
Responsible recruitment practices are key to this mission. By providing workers with access to well-paid, rights-respecting jobs abroad, Labor Mobility Partnerships Inc mitigates the risks they face during the migration process. Concurrently, the organization offers businesses a steady pool of highly reliable workers, thereby facilitating productivity gains. Historically, the recruitment practices in many migration corridors have been unethical and rife with fraud, resulting in severe debt or forced labor for workers.
Labor Mobility Partnerships Inc tailors each project to the specific realities of each corridor and sector where they operate. In some cases, they collaborate with existing market players to adopt responsible practices or incentivize the transition. In other instances, they help seed a new industry of responsible actors or bolster the delivery capacity and market share of existing ones. By seeking solutions that cater to the interests of all parties involved - including buyers, employers, recruiters, and workers - Labor Mobility Partnerships Inc ensures that responsible recruitment practices can be sustained in the long run.
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Impact
July, 2024
Labor Mobility Partnerships Inc's impact is significant in its mission to lift millions of workers and their families out of poverty by increasing the scale and quality of labor mobility. By focusing on professionalizing the recruitment industry, improving transparency, and reducing risks of debt bondage for migrant workers, LAMP is directly improving the quality of existing labor mobility pathways. This not only provides workers with access to well-paid, rights-respecting jobs abroad but also helps businesses in high-income countries address labor shortages by connecting them with a reliable pool of workers. By promoting responsible recruitment practices and tailored solutions for different migration corridors and sectors, LAMP is working towards sustained long-term benefits for all stakeholders involved, including buyers, employers, recruiters, and workers.
This information is meant to be a general summary of Labor Mobility Partnerships 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.
- Gross Receipts: $2,152,770
Assets and Liabilities:
- Total Assets: $2,667,628
- Total Liabilities: $178,144
- Net Assets: $2,489,484
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Organization Details
Founding Year
2019
Phone
(202) 800-9251Principal Officer
Rebekah Smith
Main Address
712 H STREET NE 1902, WASHINGTON, DC, 20002
Website
www.lampforum.orgNTEE Category
Code: W01 - Public benefit
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