The LMPF Report to the Community 2019-2022

LMPF 2019 -2022 Report to the Community

Message from the Chair

The Lola Mercedes Parker Foundation for Economic Empowerment of Business and Professional Women (affectionately called the LMPF) Board of Directors and Advisors are a dedicated team passionate about promoting sustainable economic futures within the Black community. Our mission is to provide effective education, professional development, and resources to the Black Community. We strive to empower individuals with this knowledge, tools, and opportunities by building partnerships that drive change and progress. The LMPF dedicates resources to programs and activities that are relentlessly action oriented. We are so proud of the impact LMPF has made within the community over the last 3 years. Through our signature I3 (Inform, Inspire, Ignite) programs held virtually because of the pandemic in 2020 and hybrid in Las Vegas, Nevada in 2022 we have reached people across the United States and the St. Thomas Virgin Islands. The 2021 Youth Summit and Elevator Pitch Competition, which was held virtually provided great information to the youth and their parents. We are very excited as we look to the future with the 2023 initiative: Empowering the Black Community.

In March 2021, the LMPF launched The Year of the Woman Influencer Campaign. The six-week campaign sought to promote and raise funds for the LMPF while engaging women currently in business vocations or those looking to create new business of their own. Each Nominee, with the support of their Mentor, participated in a series of weekly activities aimed at highlighting their business, highlighting the LMPF and raising funds. We could not have hoped for a better inaugural group of women and mentors to work with. The inaugural year we selected two winners (one from the community at large and one from Iota Phi Lambda Sorority specifically). We are delighted to announce Lonnie Kincaid - Gallaher as the 2021 Sorority Influencer and Dr. Betty Speaks as the 2021 community at large Influencer. The 2022 Year of the Woman Influencer Campaign was a phenomenal success as well. We moved to one overall winner. The participating women and mentors were great and the engagement on multiple social media sites was wonderful. We are pleased to announce Elverna Cain as the 2022 Year of the Woman Influencer.

Thank you to all our partners and supporters! We cannot succeed in isolation and need your help to continue our mission. Your continued support means empowerment, opportunity, and prosperity for Black communities. It means creating economic futures filled with promise and potential. To that end, we are launching the Better Together Campaign to mark the 10-year anniversary of the LMPF. This 2-year campaign is designed to support ongoing programmatic efforts of the Lola Mercedes Parker Foundation for Economic Empowerment of Business and Professional Women. Join us. Let's shape a brighter future together!

“We’re pleased to continue our support of the Lola Mercedes Parker Foundation (LMPF) and the work they’re doing to support the economic development of people and families in our communities.”

Teresa Gonzalez, Capitol Group

Vision:

Promote sustainable economic futures within the Black community.

Mission: Provide effective education, professional development, and resources to the Black community.

Impact:

Bringing economic prosperity across Black communities.

Core Values:

Our core values of empowerment, building partnerships and amplifying knowledge are shaped by our commitment to:

• Empower communities to achieve financial security,

• Create partnerships that advance our mission and

• Dedicate resources to activities and programs that are relentlessly focused on taking action.

Achieving our Mission

The I Symposium is the signature program of the Lola Mercedes Parker Foundation for Economic Empowerment of Business and Professional Women (LMPF). The weekend symposium seeks to Inform, Inspire, and Ignite our communities around a current relevant socio-economic topic/theme. We further hope to facilitate impactful and meaningful community-based dialogue on said topic. The symposium will also equip its attendees with evidence-based community engagement techniques, cultural awareness strategies and community assessment skills. Additionally, we hope to connect our attendees with national and regional leaders, experts and resources that can strengthen the overall programming within the communities we serve.

Youth are a critical component of the LMPF mission. The framework for youth programming follows our I3 (Inform, Inspire, Ignite) framework. We seek to equip youth leaders and innovators with tools for personal growth and community development. We focus on personal, career and leadership development as well as entrepreneurship training for the youth in the Black community.

The exciting new 2023 LMPF initiative, Empowering the Black Community, will focus on 4 critical empowering pillars: Health, Career, Education and Financial. In addition to our essential educational component, the LMPF will provide grants to chapters of Iota Phi Lambda Sorority, Incorporated to enhance their community programming in these topic areas. Our hope is that these grants will stimulate and seed multiyear community programming to affect economic prosperity across Black Communities.

Provide effective education, professional development, and resources to the Black community.

Financial Picture

While the LMPF has experienced growth in revenue over the past three years, our expenditures have remained stable and allowed us to allocate more funding to our programmatic endeavors. In 2019 our administrative expenses were 2 %; 2020 – 2021: 5%; 2021 – 2022: %. Our goal is to keep it under 10%.

In March 2021, the LMPF launched a signature fundraising campaign for the Foundation, The Year of the Woman Influencer Campaign. The campaign is a six-week, business centered campaign to raise funds for the LMPF, promote the LMPF and engage those in business vocations or those looking to create a new business of their own. Each Nominee participates in a series of activities aimed at highlighting their business, highlighting the LMPF and raising funds. Each Nominee has a Mentor to work with them through the six weeks of the campaign

“I truly enjoyed the opportunity to bring more awarenes and visibility to the Lola Mercedes Parker Foundation in my local community and nationally. I enjoyed learning effective ways to share information using various social media platforms.

I also was able, through my extensive professional and social networks, to assist in gaining partnerships with two Black owned businesses as well as sponsorship from two Blackwomen owned businesses who made allotted contributions to LMPF in support of my campai I remain, to this day, thankful and grateful of all the supp received during my campaign and surpass the goal of $2 $5,600. Thank you LMPF for what you are doing to aid o

Elverna Cain 2022 Woman of the Year

Board of Directors

We’d like to acknowledge and extend our sincere thanks to our former board of directors for their service to LMPF: Clifton Clark, Pricilla Cunningham, Pamela

Stephanie Dilworth, Chair

Nicole Ford, Vice Chair

Cheryl Scott, Secretary Patricia Walker, Treasurer

Dorothy White, 23rd National President, Iota Phi Lambda Sorority, Inc.

Shantanoo Govilkar, Programs

Pamela Paige Veronica Armstrong Ann M. Terrell

Charissa R. Howard

Kearse, Bethanie Mickles, Cory Milam, Antoinette Murphy, and KaShauna Spratley.

Board of Advisors

We’d like to acknowledge and extend our sincere thanks to our former advisors for their service to LMPF: Jessica

Charlotte Berry, National President Elect, Iota Phi Lambda Sorority, Inc

Rosetta Davis, Southwestern Regional Director

Carolyn Smith-Bell, Far West Regional Director

Phyllis Moore, Southern Regional Director, Iota Phi Lambda Sorority, Inc.

Valerie Mills Pullen, Eastern Regional Director

Pamela Kearse, Advisor

Brown, Shirley Dean Johnson, Vahnita Loud, and Denise Brandon.

Donor’s Page

LMPF wishes to acknowledge and thank our major donor, the Capitol Group, for their ongoing support. In total as of our 2020-2022 fiscal years, that amount is $69,167. Of that amount, $5,000.00 was an Equity and Justice donation.

LMPF extends our sincere thanks to ROC IMG for their continued support of our symposiums. Over the years the LMPF has received $6,500.

LMPF is grateful to The McKesson Foundation for a grant award to LMPF in the amount of $1,500.

We’d also like to acknowledge all the donors to LMPF over the past 3 years. In particular, those that donated to the YOTW campaigns raised $6,185 in 2021 and nearly doubled that amount in 2022 to $11,434.

Our heartfelt thanks are extended to those supporters that contributed in other ways to support the vision and mission of LMPF through Giving Tuesday, Amazon Smiles and employer match opportunities.

“Our objective for donating to the LMP Foundation is to support the Iota Phi Lambda Sorority’s mission to provide programs which enhance and improve the lives of women and youth through its outreach programs. The LMP Foundation provides hands-on experiences for both girls and boys in fields where they are underrepresented. It also provides a pathway for women to improve their well-being both financially and career wise.”

Rebecca and Earl Scott

Get Involved!

In 2023, the Lola Mercedes Parker Foundation will launch the Friends of LMPF program. Friends of the Lola Mercedes Parker Foundation is a program that has something for everyone!

It is designed to allow everyone to get involved with the LMP Foundation, whether you as a supporter, partner, or a soror of Iota Phi Lambda Sorority, Inc. As a way of showing our gratitude for your donation, you will receive incentives throughout the year to participate in events that help support the community and amplify your organization throughout the LMPF community.

The monetary donation can be a one-time donation annually or a monthly/quarterly donation through our various ways to submit your gift.

Support the LMPF for a better future together!

Friends ofLMPF

“She visualized the great possibilities of an organization that would serve to encourage specialization in definite phases of business; an organization that would stimulate, inspire, foster and give mutual assistance to those persons engaged in business.”

Founder Lola Mercedes Parker

IOTA PHI LAMBDA SORORITY, INC.