The Loss Prevention Foundation is a 510 c(6) pending 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.

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 CEO's 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 form our Board of Directors.  A list of those directors can be found at the bottom of this page.

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 the Washington DC area. Our address is

Loss Prevention Foundation
P.O. Box 232281
Centreville, VA 20120