Louisiana Client Assistance Foundation
- Assets
- $7.4m
- Revenue
- $1.5m
- Investments
- $7.3m
- Employees
- 0
- Location
- New Orleans, LA
- Founding
- 09/2002
- Data as of
- 12/2022
- EIN
- 41-2040844
Organization Overview
Louisiana Client Assistance Foundation is located in New Orleans, LA. The organization was established in 2002. According to its NTEE Classification (I80) the organization is classified as: Legal Services, under the broad grouping of Crime & Legal-Related and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Louisiana Client Assistance Foundation 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 12/2022, Louisiana Client Assistance Foundation generated $1.5m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 14.0% each year . All expenses for the organization totaled $215.4k during the year ending 12/2022. While expenses have increased by 0.2% per year over the past 8 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO PROMOTE PUBLIC CONFIDENCE, THE ADMINISTRATION OF JUSTICE AND THE INTEGRITY OF THE LEGAL PROFESSION BY REIMBURSING LOSSES CAUSED BY THE DISHONEST CONDUCT OF LAWYERS ADMITTED TO PRACTICE IN THE COURTS OF THE STATE OF LOUISIANA OCCURING IN THE COURSE OF THE CLIENT-LAWYER OR FIDUCIARY RELATIONSHIP BETWEEN THE LAWYER AND THE CLAIMENT. TO EDUCATE THE PUBLIC, THE JUDICIARY, LAWYERS AND LAW STUDENTS CONCERNING PROBLEMS CAUSED BY THE DISHONEST CONDUCT OF LAWYERS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CLAIMS EXPENSE - REIMBURSEMENT FOR LOSSES FROM LAWYERS' DISHONEST CONDUCT
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Drew A Ranier Trustee | 1 | $0 | |
Vincent J Saitta Trustee | 1 | $0 | |
Mary Ann Wegmann Trustee | 1 | $0 | |
Dr Markey W Pierre Trustee | 1 | $0 | |
Major Reginald R Brown Sr Trustee | 1 | $0 | |
Charles B Plattsmier Secretary/treasurer | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $292 |
| Dividends & Interest | $195,730 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $1,326,328 |
| Capital Gain Net Income | $1,326,328 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $48 |
| Total Revenue | $1,522,398 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $173,171 |
| Total operating and administrative expenses | $215,449 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $215,449 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $157,717 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $238,006 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $7,424,742 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |