Louisiana Chamber of Commerce Foundation Inc
Nonprofit profile at a glance
- EIN
- 832128501
- IRS 990 coverage
- 2020–2024
- Forms available
- Form 990 2024, Form 990-N 2019
- Location
- New Orleans, LA, USA
- Phone
- 5049941441
- Rating
- 81
- Verdict
- STRONG
- Rating confidence
- Moderate
- Sector
- Community Foundations
Reported finances
- Revenue
- $1,720,609
- Expenses
- $2,345,953
- Assets
- $7,821,766
- Liabilities
- $539,583
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
9 people listed
Executive titles in this filing
- DAVID ST ETIENNE (PRESIDENT/CEO)
Highest reported compensation
- KELISHA GARRETT (VP OF OPERATIONS): $141,211 total reported compensation
- DAVID ST ETIENNE (PRESIDENT/CEO): $96,420 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
Through strategic partnerships with both public and private sectors, we provide small, rural and veteran-owned businesses with valuable access to procurement opportunities, a robust network of regional chambers of commerce, vital technical assistance to enhance their capabilities, and dedicated advocacy for their growth and development. We encourage partnership engagement that includes mentor protégé programs, direct presentation, and participation in technical assistance training programs.
What it reported doing in 2024
Establish a vibrant aquaculture/agriculture ecosystem that is inclusive of workforce development, lccf is establishing farming-based cooperative in rural regions across Louisiana to ensure farmers and fishermen can secure the funding and supportive services they need to be fully and equitably represented within Louisiana's agricultural system.
Operating model
- Revenue model
- Mixed. Its operating money came from several sources; no one source provided a clear majority.
- Distribution model
- Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.
The verdict
STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Some filing-based governance responses are negative or unanswered and expenses are high relative to revenue.
Rating breakdown
- Financial Efficiency: 78
- Transparency & Controls: 92
- Accountability: 77
- Sustainability: 35
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 98%; rating input score 98
- Program expense ratio: 71.8%; rating input score 72
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
- Pay-setting controls: Limited
- Foreign activity oversight: Limited
- Grant itemization coverage: Limited
- Major donor itemization: Yes; rating input score 100
- Related-party transparency: Limited
Accountability
- Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
- Governance controls: 4 of 9 controls in place; rating input score 44
- Conflict-of-interest policy: Fail
- Whistleblower policy: Fail
- Document-retention policy: Fail
- CEO compensation review process: Pass
- Other executive compensation review process: Pass
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Missing
- Independent financial-statement audit: Fail
Sustainability
- Operating margin: -36.3%; rating input score 5; 5th percentile among comparable filings
- Total-asset coverage ratio: 3.33; rating input score 77; 77th percentile among comparable filings
- Liabilities to assets ratio: 0.07; rating input score 48; 48th percentile among comparable filings
- Officer compensation ratio: 10.1%; rating input score 36; 36th percentile among comparable filings
Growth
- Program expense growth: 75.5% per year; rating input score 100; 98th percentile among comparable filings
- Revenue growth: 44.5% per year; rating input score 100; 96th percentile among comparable filings
- Asset growth: 79.3% per year; rating input score 100; 98th percentile among comparable filings
Details
- Where the money goes: 98% of revenue deployed · 71.8% of spending went to programs
- Governance: 7 of 7 board members independent · 4 of 9 filing controls reported
- Programs: 4 filed program accomplishments · $1.7M in reported program spending
- Leadership: top reported pay $141K · 9 people listed
- Consistency: 43 of 43 current checks pass
- Schedules: 4 filed schedules · includes major donors
- Filing history: 5 filing years from 2020 to 2024
- Contacts: How to reach this organization
- Money network: 2 filed money-flow records
- Related organizations: Filed and resolved organization relationships.
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.
- Staff and benefit plans: Retirement and health plans the organization files with the Department of Labor, and the people in them.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
Grant-readiness screening is separate from the live rating, not a measure of program quality. Review the source records before making a grant decision.
- Moderate — Accountability: Governance controls: 4 of 8 not reported.
- High — Sustainability: Operating margin scored 5/100.
- Moderate — Sustainability: Officer compensation ratio scored 36/100.
- Moderate — Sustainability: Liabilities to assets ratio scored 48/100.
- High — Grant Readiness: Federal audit findings: this organization reported findings in its latest federal Single Audit.