Overview
What is Louisiana Asset Management Pool Inc?
Louisiana Asset Management Pool Inc is a nonprofit organization located at 650 Poydras Street, New Orleans, LA 70130. Its primary mission is to offer a platform for public entities in Louisiana to pool and collectively invest funds, benefiting from competitive yields, lower fees, and investment management opportunities usually available only to large institutional investors. By doing so, the cooperative endeavor provides an efficient and effective investment pool for public funds. With a small team of three employees, Louisiana Asset Management Pool Inc strives to maximize returns and optimize investment strategies for its participating entities.
Official website here: www.lamppool.com
Is Louisiana Asset Management Pool Inc legitimate?
Louisiana Asset Management Pool Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Louisiana Asset Management Pool 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.
Here are some key statistics you may want to consider:
Executive Compensation: $502,895
Professional Fundraising Fees: $0
Other Salaries and Wages: $103,127
For more financial information, click here
Official website here: www.lamppool.com
What is the mission statement of Louisiana Asset Management Pool Inc?
Louisiana Asset Management Pool Inc's mission is to offer a pooling system for cooperative entities, allowing them to invest public funds efficiently and effectively. By pooling resources, these entities can benefit from competitive yields, lower fees, and investment management opportunities typically only available to large institutional investors. The goal is to provide a collective investment platform to public entities in Louisiana, thereby enhancing their financial prospects.
Official website here: www.lamppool.com
Who is the CEO of Louisiana Asset Management Pool Inc?
Theodore Sanders is the Chief Executive Officer of Louisiana Asset Management Pool Inc. The CEO's salary of Louisiana Asset Management Pool Inc is $221,402 and their total compensation is $276,450.
Official website here: www.lamppool.com
What is the revenue of Louisiana Asset Management Pool Inc?
Louisiana Asset Management Pool Inc's revenue in 2022 was $3,874,257.
Official website here: www.lamppool.com
Who are the executives of Louisiana Asset Management Pool Inc and what are their salaries?
The average compensation at Louisiana Asset Management Pool Inc during 2022 was $202,007. There are 3 employees at Louisiana Asset Management Pool Inc.
Here are 17 key members and their salaries (Louisiana Asset Management Pool Inc's CEO's salary is $221,402 and their total compensation is $276,450):
- Theodore C Sanders Iii (Chief Executive Officer) [Trustee/Director]
- Kristine Orgeron (Chief Administrative Offic) [Trustee/Director]
- Yolanda Francois (Participant Liason)
- John Schroder Sr (Board President) [Trustee/Director]
- Mary Bonnette (Director)
- Honorable Julius Alsandor (Director)
- Bobby Edmiston (Director)
- Erica Bryant (Director)
- Guy Cormier (Director)
- David Dart (Director)
- Matthew Dugas (Director)
- Grant Dussom (Director)
- Stuart Gay (Director)
- Sheriff Steven Mccain (Director)
- Sheriff Jayson Richardson (Director)
- Ronald Wendel Jr (Director)
- Bryan Polk (Director)
Official website here: www.lamppool.com
Where can I find the form 990 for Louisiana Asset Management Pool Inc?
The Louisiana Asset Management Pool Inc’s most recent form 990 was submitted in 2022 and can be accessed here
Official website here: www.lamppool.com
Learn more at the official website: www.lamppool.com
Mission Statement of Louisiana Asset Management Pool Inc
Louisiana Asset Management Pool Inc, with a mission to serve the cooperative endeavor, aims to offer a pool where public funds can be invested efficiently and effectively. This organization's primary goal is to provide a collective investment opportunity for various public entities in the state of Louisiana. By pooling their funds together, these entities can benefit from competitive yields, lower fees, and investment management services that are typically only accessible to large institutional investors. This approach allows Louisiana Asset Management Pool Inc to help public entities optimize their financial resources, ultimately contributing to the betterment of the community and the state as a whole.
Impact
This information is meant to be a general summary of Louisiana Asset Management Pool Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Saturday, July 20, 2024
Louisiana Asset Management Pool Inc's impact lies in providing a means for public entities in the state of Louisiana to pool and collectively invest funds. By doing so, they allow these entities to benefit from competitive yields, lower fees, and access to the same level of investment management typically available only to large institutional investors. This enables public entities to manage their funds more efficiently and effectively, ultimately maximizing the returns on their investments for the public benefit.
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.
- Assets and Liabilities:
Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
ADMINISTRATIVE INCOME
Revenue
$3,056,811
INVESTMENT ADVISORY INCOME
Revenue
$649,962
CUSTODIAL INCOME
Revenue
$167,484
Organization Details
Founding Year
1993
Phone
(504) 525-5267
Principal Officer
Theodore Sanders
Main Address
650 POYDRAS STREET 2220, NEW ORLEANS, LA, 70130
Website
www.lamppool.com
NTEE Category
Code: W60 - Public benefit
If you are a representative of Louisiana Asset Management Pool Inc and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.