Louisiana Chamber Of Commerce Foundation Inc
- Assets
- $235.3k
- Revenue
- $391.6k
- Investments
- $0.0
- Employees
- 4
- Location
- New Orleans, LA
- Founding
- 05/2019
- Data as of
- 12/2021
- EIN
- 83-2128501
Organization Overview
Louisiana Chamber Of Commerce Foundation Inc is located in New Orleans, LA. The organization was established in 2019. According to its NTEE Classification (T31) the organization is classified as: Community Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. As of 12/2021, Louisiana Chamber Of Commerce Foundation Inc employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Louisiana Chamber Of Commerce Foundation Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2021, Louisiana Chamber Of Commerce Foundation Inc generated $391.6k in total revenue. This organization has experienced exceptional growth, as over the past 2 years, it has increased revenue by an average of 21.5% each year . All expenses for the organization totaled $328.0k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO HELP DRIVE THE ECONOMIC GROWTH OF OUR STATE BY EMPOWERING AND SUSTAINING THE MINORITY BUSINESS COMMUNITY THROUGH THE DEVELOPMENT OF LOCAL MINORITY CHAMBERS AND THEIR MEMBERSHIP.
Describe the Organization's Program Activity:
Part 3 - Line 4a
AN ARRAY OF TECHNICAL ASSISTANCE TO EMERGING CHAMBERS OF COMMERCE IN CITIES ACROSS LOUISIANA, INCLUDING BUT NOT LIMITED TO SHREVEPORT, BATON ROUGE, LAKE CHARLES AND LAFAYETTE. ASSISTANCE INCLUDED TRAINING OF BOARD GOVERNANCE, COMMUNICATIONS, PROGRAM DEVELOPMENT, FINANCES AND TECHNOLOGY, IN ORDER TO EMPOWER AND SUSTAIN THE MINORITY BUSINESS COMMUNITY. WE HAVE LAUNCHED AND SUPPORTED THE GROWTH OF EIGHT CHAMBERS OF COMMERCE WHICH REPRESENT 900+ MINORITY BUSINESSES, ADVOCATED FOR 95,000+ BLACK-OWNED BUSINESSES ACROSS LOUISIANA, PARTNERED WITH THE LOUISIANA ECONOMIC DEVELOPMENT TO EXTEND THE REACH OF THEIR PROGRAMMING TO SUPPORT LOCAL MINORITY AND RURAL BUSINESSES SINCE 2019 AND WORKED WITH THE LOUISIANA STATE TREASURER TO HELP MAKE AVAILABLE GRANTS FOR BUSINESSES.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
David St Etienna President | Officer | 0 | $70,716 |
Kelisha Garrett Vice President | Officer | 0 | $61,280 |
Arkebia Johnson Board Member | Officer | 0 | $0 |
Percy Gasery Jr Board Member | Officer | 0 | $0 |
Telley Medina Board Member | Officer | 0 | $0 |
Musheerah Cambrice Treasurer | Officer | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $60,844 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $60,844 |
| Total Program Service Revenue | $330,000 |
| Investment income | $287 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $391,618 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $179,976 |
| Compensation of current officers, directors, key employees. | $156,154 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $9,679 |
| Fees for services: Management | $7,500 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $12,928 |
| Office expenses | $7,574 |
| Information technology | $19,385 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $7,350 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $14,603 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $1,027 |
| Total functional expenses | $327,983 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $235,270 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $235,270 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $5,507 |
| Total liabilities | $5,507 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $229,763 |
| Total liabilities and net assets/fund balances | $235,270 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Louisiana Chamber Of Commerce Foundation Inc has recieved totaling $325,005.
| Awarding Organization | Amount |
|---|---|
Aarp Foundation Washington, DC PURPOSE: GRANT TO SUPPORT AARP FOUNDATION'S WORKFORCE PROGRAM | $300,000 |
United Way Of Southeast Louisiana New Orleans, LA PURPOSE: GRANT FUNDING | $25,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $5 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Dallas Foundation A Tx Nonprofit Corporation Dallas, TX | $387,395,879 | $137,312,103 |
Austin Community Foundation Austin, TX | $433,764,301 | $88,798,773 |
San Antonio Area Foundation San Antonio, TX | $587,345,748 | $192,937,536 |
The Greater New Orleans Foundation New Orleans, LA | $406,748,750 | $50,799,913 |
Arkansas Community Foundation Inc Little Rock, AR | $560,797,819 | $112,679,416 |
Community Foundation Of North Texas Fort Worth, TX | $520,525,998 | $72,575,782 |
Baton Rouge Area Foundation Baton Rouge, LA | $293,247,071 | $35,030,558 |
Astros Golf Foundation Houston, TX | $9,630,590 | $24,941,045 |
Houston Jewish Community Foundation Houston, TX | $219,913,135 | $24,014,170 |
El Paso Community Foundation El Paso, TX | $84,044,216 | $21,715,289 |
Dallas Jewish Community Foundation Dallas, TX | $257,889,567 | $62,022,140 |
Excellerate Foundation Rogers, AR | $1,422,117 | $18,582,776 |