| About Us
Not-for-Profit Organization
The Loss Prevention Foundation is a 501 c(6) not-for-profit organization. That means that the Foundation
is an organization which is designed to provide a service
to an industry without making a profit. The organization
has to have revenue to operate, however any revenue brought
in that exceeds cost (i.e.- profit) has to be put into
a reserve account and can only be used at the direction
of the Board of Directors. Unlike a for profit entity,
which gives its profits to its investors or shareholders,
the Foundation will not give money to any investors or
shareholders.
In terms of being a not-for-profit, a 501 c(6) means
the Loss Prevention Foundation is not a charitable organization,
which means if an individual gives money to the Foundation,
it is not tax deductible. It does mean that we are
governed by a Board of Directors who is responsible for
guiding the foundation and overseeing all of the actions
taken by the Foundation.
Why the Foundation is Unique
What makes the Loss Prevention Foundation unique is that
our Board of Directors is composed of individuals from
the loss prevention industry. Our focus is on Loss
Prevention in retail, hence why our Board largely holds
senior level positions at retail companies, or for companies
that serve the retail sector. Unlike the bigger
trade associations in retail that you may be more familiar
with, whose boards are composed of CEOs from retail, the
Loss Prevention Foundation was created to serve the education
needs of the loss prevention sector exclusively.
Now, you should note that many of the national trade
associations, especially the Food Marketing Institute
(FMI) and the Retail Industry Leaders Association (RILA),
do serve the interests of the loss prevention industry
through conferences they put on and by lobbying in the
legislatures. Both of these organizations are supporters
of the Loss Prevention Foundation. They lend us
resources and marketing support, for which we are extremely
grateful. With that said, we do not take direction
from either of those organizations; we only take direction
from our Board of Directors. A list of those directors
can be found at the bottom of this page.
Our Mission
Now that you understand what the Loss Prevention Foundation
is and how it is governed and who some of our supporters
are, we will share our mission with you. Simply
put, the mission of the Loss Prevention Foundation is
to advance the loss prevention profession by providing
relevant, convenient and challenging educational resources.
We are focused on assisting loss prevention professionals
grow and develop in their careers. We will also
focus on driving more talent to the industry from colleges
and universities, law enforcement and the military.
By focusing on these simple objectives, we hope to make
a significant impact on the loss prevention industry.
The
Loss Prevention Foundation operates out of Charlotte, NC. Our address is
The Loss Prevention Foundation
8037 Corporate Center Drive, Suite 400
Charlotte, NC 28226
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