Overview
What is Los Angeles Alliance For A New Economy?
Los Angeles Alliance for a New Economy (LAANE) is a prominent advocacy organization situated in Los Angeles. With a focus on shaping a prosperous economy, LAANE integrates insightful research, progressive policy proposals, and the mobilization of diverse partnerships. Their mission revolves around enhancing work opportunities, fostering robust communities, and preserving the environment, all underpinned by the belief in good jobs, thriving neighborhoods, and ecological sustainability. Specifically, LAANE targets the tourism sector, advocating for improved employment conditions, equitable distribution of tourism benefits, and particular consideration for immigrant workers predominantly employed in hotels, amusement parks, restaurants, retail, and other tourism-related services.
Official website here: www.laane.org
What are the reviews and ratings of this charity?
Rating from Charity Navigator: 92% (Four-Star out of Four Star rating)
The Los Angeles Alliance For A New Economy received a commendable score of 92%, reflecting strong performance in accountability and finance. The organization boasts a fully independent board with 100% of its members being independent, which enhances its governance and decision-making transparency. Additionally, it has a robust financial oversight structure, evidenced by its high marks in audit and oversight.
While the organization excels in many areas, it does have a notable limitation: the absence of a whistleblower policy, which may affect its overall governance framework. Despite this shortcoming, the charity maintains a high program expense ratio of 81.55%, indicating a significant portion of its resources is directed towards its mission-driven activities. Overall, the organization demonstrates strong financial health and commitment to accountability.
This AI summary has been generated from information found on Charity Navigator.
Is Los Angeles Alliance For A New Economy legitimate?
Los Angeles Alliance For A New Economy is a legitimate nonprofit organization registered as a 501(c)(3) entity. Los Angeles Alliance For A New Economy 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: $255,635
Professional Fundraising Fees: $0
Other Salaries and Wages: $2,347,044
For more financial information, click here
Official website here: www.laane.org
What is the mission statement of Los Angeles Alliance For A New Economy?
Los Angeles Alliance For A New Economy (LAANE) is an advocacy organization aiming to establish a new economic system that benefits all. Utilizing comprehensive research, innovative policy proposals, and the mobilization of broad alliances, LAANE advocates for an approach centered on decent work opportunities, thriving communities, and environmental sustainability. Their specific mission is to enhance the skills, wages, and working conditions of workers in the tourism industry and ensure that the benefits derived from tourism are equitably distributed among all communities in the Greater Los Angeles area. LAANE particularly focuses on immigrant workers, who make up a significant portion of the workforce in the hotels, amusement parks, restaurants, retail, and other service sectors associated with travel and tourism.
Official website here: www.laane.org
Who is the CEO of Los Angeles Alliance For A New Economy?
Roxana Tynan is the Chair of Los Angeles Alliance For A New Economy.
Official website here: www.laane.org
What is the revenue of Los Angeles Alliance For A New Economy?
Los Angeles Alliance For A New Economy's revenue in 2022 was $6,250,476.
Official website here: www.laane.org
Who are the executives of Los Angeles Alliance For A New Economy and what are their salaries?
The average compensation at Los Angeles Alliance For A New Economy during 2022 was $56,580. There are 46 employees and 18 volunteers at Los Angeles Alliance For A New Economy.
Here are 22 key members and their salaries:
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- Other: $3,090
Official website here: www.laane.org
Where can I find the form 990 for Los Angeles Alliance For A New Economy?
Los Angeles Alliance For A New Economy's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.laane.org
Learn more at the official website: www.laane.org
Mission Statement of Los Angeles Alliance For A New Economy
Los Angeles Alliance for a New Economy (LAANE) is an advocacy organization with a mission to foster a new economic approach that benefits all. By integrating dynamic research, innovative public policies, and the organization of broad alliances, LAANE aims to establish an economic system that prioritizes good jobs, thriving communities, and a healthy environment. Specifically, the organization focuses on improving the skills, wages, and working conditions of workers in the tourism industry. Recognizing the significant role of immigrant workers in this sector, LAANE pays particular attention to their needs, as they make up the majority of the workforce in hotels, amusement parks, restaurants, retail, and other service sectors associated with travel and tourism. The ultimate goal is to ensure that the benefits of tourism are equitably distributed across all communities in the Greater Los Angeles area.
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Impact
July, 2024
Los Angeles Alliance For A New Economy (LAANE) has made a significant impact by improving the skills, wages, and working conditions of workers in the tourism industry. They have worked tirelessly to ensure that the benefits of tourism contribute equitably to the economic and social development of all communities in the greater Los Angeles area. Additionally, LAANE pays particular attention to immigrant workers, who comprise most of those employed in the hotels, amusement parks, restaurants, retail, and other service sectors associated with travel and tourism. Through their dynamic research, innovative public policy, and strategic organizing of broad alliances, LAANE is promoting a new economic approach based on good jobs, thriving communities, and a healthy environment.
This information is meant to be a general summary of Los Angeles Alliance For A New Economy. 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: $6,786
- Program Service Revenue: $142,823
- Gross Receipts: $6,518,232
Assets and Liabilities:
- Total Assets: $9,517,343
- Total Liabilities: $3,112,524
- Net Assets: $6,404,819
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
PROGRAM FEES
Revenue
$142,823
Organization Details
Founding Year
1993
Phone
(213) 977-9400Principal Officer
Roxana Tynan
Main Address
464 LUCAS AVENUE 202, LOS ANGELES, CA, 900172074
Website
www.laane.orgNTEE Category
Code: E99Z - Health
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