Overview
What is Localecopia Inc?
Localecopia Inc serves as a marketplace, connecting local farmers with consumers, fostering a sustainable economy. Farmers list their produce on the website, and orders are placed directly with them. Deliveries are made via shared trucks to reduce carbon emissions, and any waste or materials are reused or recycled. The organization's mission is multifaceted, encompassing support for the local economy, environmental awareness, sustainable practices, carbon footprint reduction, and the development of a scalable business model that can expand into other communities.
Official website here: www.localecopia.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 76% (Three-Star out of Four Stars)
Localecopia Inc has received a Three-Star rating from Charity Navigator, indicating a reasonable level of accountability and finance management. The charity's score reflects its strong performance in areas such as having a fully independent board and no material diversion of assets, which highlights its commitment to ethical governance.
Key strengths include a high program expense ratio of 99.73%, suggesting that nearly all funds are utilized effectively for its programs. The organization also boasts a well-structured board with complete independence and proper documentation of board meeting minutes. However, there are notable gaps, as the charity lacks essential policies like a conflict of interest policy and a whistleblower policy, which are critical for transparency and accountability.
While Localecopia Inc demonstrates strong financial practices, the absence of certain governance policies may raise concerns among potential donors regarding operational transparency. Addressing these limitations could enhance its credibility and overall performance rating in future assessments.
This AI summary has been generated from information found on Charity Navigator.
Is Localecopia Inc legitimate?
Localecopia Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Localecopia 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
For more financial information, click here
Official website here: www.localecopia.org
What is the mission statement of Localecopia Inc?
Localecopia Inc's mission is centered around supporting the local economy and fostering sustainability. The organization seeks to capitalize on group synergies, promote environmental awareness, and initiate eco-friendly practices. Their goal is to lessen the carbon footprint and develop a business model that can expand to other local communities. Essentially, Localecopia Inc aims to establish a marketplace that connects local growers with consumers, promoting a circular economy where waste is minimized and resources are reused or recycled.
Official website here: www.localecopia.org
Who is the CEO of Localecopia Inc?
Unavailable
Official website here: www.localecopia.org
What is the revenue of Localecopia Inc?
Localecopia Inc's revenue in 2020 was $460,701.
Official website here: www.localecopia.org
Who are the executives of Localecopia Inc and what are their salaries?
There 55 volunteers at Localecopia Inc.
Here are 6 key members and their salaries:
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Official website here: www.localecopia.org
Where can I find the form 990 for Localecopia Inc?
Localecopia Inc's most recent form 990 was submitted in 2020 and can be accessed here.
Official website here: www.localecopia.org
Learn more at the official website: www.localecopia.org
Mission Statement of Localecopia Inc
Localecopia Inc, a pioneering organization, is driven by a mission to bolster local economies and foster sustainable practices. By capitalizing on the synergies within local communities, Localecopia Inc aims to promote environmental awareness and reduce the carbon footprint. This mission extends beyond its current scope, with aspirations to create a scalable business model that can be replicated in other communities.
In essence, Localecopia Inc serves as a marketplace, connecting local growers with consumers directly. Farmers list their produce on the organization's website, and chefs or other purchasers can view the available items. Orders are placed directly with the farmers, and deliveries are made to consumers through a centralized system. Notably, Localecopia Inc's delivery trucks collect waste and other materials for re-use or recycling, demonstrating a commitment to sustainability.
In summary, Localecopia Inc is an innovative platform that supports local economies, promotes environmental awareness, and encourages sustainable practices. By creating a marketplace for local products, the organization aims to reduce carbon emissions, recycle waste, and contribute to a more sustainable future.
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Impact
July, 2024
Localecopia Inc's impact can be seen in its innovative marketplace that connects local growers with consumers, promoting sustainability and supporting the local economy. By facilitating direct orders between farmers and purchasers, the organization reduces carbon footprint associated with transportation and fosters environmental awareness. Additionally, Localecopia's model of waste collection for re-use or recycling further underscores its commitment to sustainable practices. Through its initiatives in PALM BEACH, FL, Localecopia Inc is not only creating a new business model but also setting a precedent for community-driven environmental stewardship.
This information is meant to be a general summary of Localecopia 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 2020.
- Program Service Revenue: $460,701
- Gross Receipts: $460,701
Assets and Liabilities:
- Total Assets: $45,906
- Total Liabilities: $15,594
- Net Assets: $30,312
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Marketplace revenue
Revenue
$460,701
Organization Details
Founding Year
2008
Phone
(561) 512-3429Main Address
PO BOX 844, PALM BEACH, FL, 33480
Website
www.localecopia.orgNTEE Category
Code: C60 - Environment
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