Laamistad Inc is located in Atlanta, GA. The organization was established in 2006. According to its NTEE Classification (O50) the organization is classified as: Youth Development Programs, under the broad grouping of Youth Development and related organizations. As of 06/2023, Laamistad Inc employed 95 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Laamistad Inc 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 06/2023, Laamistad Inc generated $1.4m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 5.4% each year. All expenses for the organization totaled $1.8m during the year ending 06/2023. While expenses have increased by 12.4% 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO SUPPORT LATIN STUDENTS AND THEIR FAMILIES BY PROVIDING A COMPREHENSIVE SUPPORT SYSTEM THROUGH TUTORING, MENTORING AND RESOURCES THAT PROMOTES ACADEMIC, PHYSICAL AND PERSONAL GROWTH.
Describe the Organization's Program Activity:
Part 3 - Line 4a
OUR CORE PROGRAMS ARE LAAMISTAD AFTERSCHOOL, LAAMISTAD ANIMATE SUMMER ACADEMY, AND LAAMISTAD ADULT EDUCATION. IN 2022-2023, LAAMISTAD AFTERSCHOOL WAS HOSTED AT 11 DISTINCT LOCATIONS ACROSS ATLANTA, SERVING 264 LATINO STUDENTS FOR 787 DAYS OF PROGRAMMING. ACADEMICALLY, THE FOCUS REMAINED ON READING, MATHEMATICS, AND STEM ACTIVITIES. MATH SCORES SAW AVERAGE INCREASES OF AS MUCH AS 243% AT SOME SITES, WHILE AVERAGE READING SCORES IMPROVED BY AS MUCH AS 278%. STEM PROJECTS WERE ALSO CONDUCTED EACH MONTH ACROSS ALL SITES, TOTALING 72 PROJECTS AND 108 LEARNING HOURS. THE ATTENDANCE RATE FOR STUDENTS AT LAAMISTAD AFTERSCHOOL WAS 86%, WHILE VOLUNTEER NUMBERS WERE STRONG AS WELL. TWO HUNDRED FORTY-TWO (242) COMMUNITY MEMBERS SERVED AS REGULAR VOLUNTEERS THROUGHOUT THE SCHOOL YEAR, NOT INCLUDING ONE-TIME VOLUNTEERS FROM GROUPS LIKE HIGH SCHOOL CLASSES, UNIVERSITY DEPARTMENTS, AND CORPORATE VISITS. EACH SITE BOASTED AS MANY AS FIVE STAFF MEMBERS: AN AFTERSCHOOL TEACHER, PROGRAM ASSISTANT, PARENT LIAISON, READING SPECIALIST, AND SOCIAL WORK INTERNS. LAAMISTAD ANIMATE SUMMER ACADEMY IS A PROGRAM THAT FOSTERS ACADEMIC, PERSONAL, AND SOCIAL GROWTH AMONG ITS LATINO STUDENTS WHO COME FROM ALL AROUND THE ATLANTA AREA. THIS TAKES PLACE ALL WHILE COMBATING A SUMMER SLUMP IN EDUCATIONAL PROGRESS. THE ACADEMY FOCUSES SPECIFICALLY ON MATHEMATICS AND READING FLUENCY WITHOUT NEGLECTING PHYSICAL ACTIVITY, VARIOUS ARTS AND TEAM BUILDING EXERCISES. THE ACADEMY TAKES PLACE FOR FOUR WEEKS AT OUR TWO PARTNERING PRIVATE SCHOOL CAMPUSES. THE CAMP FIELDED 113 STUDENTS, WITH 41 DAYS OF PROGRAMMING ACROSS THE TWO LOCATIONS. LAAMISTAD STAFF GAVE EVERY STUDENT ASSESSMENTS FOR MATHEMATICS AND READING FLUENCY AT THE BEGINNING AND THE END OF THE ACADEMY. IN JUST FOUR WEEKS, THE AVERAGE IMPROVEMENT FOR MATH AMONG ALL STUDENTS WAS 18%; WHILE THE AVERAGE IMPROVEMENT FOR READING FLUENCY WAS 21%. ATTENDANCE AMONG ALL CAMPERS WAS 86%. THE STUDENT TO TEACHER RATIO, MEANWHILE, WAS 9.5:1. NUTRITION, SAFETY, AND FUN WERE ALSO EMPHASES AT THE CAMP. ADULT EDUCATION CONSISTED OF ENGLISH FOR SUCCESSFUL LIVING (AN ENGLISH AS A SECOND LANGUAGE PROGRAM), FINANCIAL LITERACY CLASSES, DIGITAL LITERACY CLASSES, AND PARENT PARTNERSHIP WORKSHOPS FOR PARENTS OF LAAMISTAD AFTERSCHOOL STUDENTS. COURSES WERE HOSTED AT ONE OF THREE SITES, ONE OF WHICH IS THE LAAMISTAD COMMUNITY CENTER, WHICH OPENED IN APRIL 2022. AS FAR AS NUMBERS OF PARTICIPANTS WAS CONCERNED, 101 STUDENTS WERE SERVED THROUGH OUR ESL OFFERINGS, WHILE THE LAAMISTAD COMMUNITY CENTER ALSO SERVED 260 CLIENTS AT A MOTHER'S DAY POP-UP SHOP, 150 THROUGH A LAPTOP GIVEAWAY PROGRAM, 50 AT A FLU SHOT EVENT, 10 MOTHERS OF YOUNG CHILDREN AT A READING INITIATIVE, AND 5 CLIENTS AT A SAFE DRIVING COURSE. FOUR HUNDRED TWENTY (420) PARENTS WEREOFFERED ADULT EDUCATION THROUGH LAAMISTAD PARENT PARTNERSHIP WORKSHOPS. THE LAAMISTAD COMMUNITY CENTER IS STRATEGICALLY LOCATED IN THE HEART OF SANDY SPRINGS, A COMMUNITY WITH A RICH LATINO PRESENCE. THIS LOCATION BREAKS DOWN THE BARRIER OF TRANSPORTATION, AS THE CENTER IS ALSO LOCATED ON THE BUS LINE. LANGUAGE BARRIERS ARE ADDRESSED THROUGH OUR ESL OFFERINGS, WHILE ECONOMIC BARRIERS ARE OVERCOME THROUGH THE OFFERINGS IN DIGITAL AND FINANCIAL LITERACY.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Rachel Bartlett Treasurer | OfficerTrustee | 3 | $0 |
Wilheem Perez Chair | OfficerTrustee | 3 | $0 |
Paco Trevino Board Member | Trustee | 1 | $0 |
Jeffery Pope Board Member | Trustee | 1 | $0 |
Nicolas Garcia Treasurer | OfficerTrustee | 3 | $0 |
Brad Maudlin Vice Chair | OfficerTrustee | 2 | $0 |
Statement of Revenue | |
---|---|
Federated campaigns | $0 |
Membership dues | $0 |
Fundraising events | $85,010 |
Related organizations | $0 |
Government grants | $93,750 |
All other contributions, gifts, grants, and similar amounts not included above | $1,092,693 |
Noncash contributions included in lines 1a–1f | $47,768 |
Total Revenue from Contributions, Gifts, Grants & Similar | $1,271,453 |
Total Program Service Revenue | $14,675 |
Investment income | $17,966 |
Tax Exempt Bond Proceeds | $0 |
Royalties | $0 |
Net Rental Income | $0 |
Net Gain/Loss on Asset Sales | $0 |
Net Income from Fundraising Events | $0 |
Net Income from Gaming Activities | $0 |
Net Income from Sales of Inventory | $0 |
Miscellaneous Revenue | $0 |
Total Revenue | $1,379,074 |
Statement of Expenses | |
---|---|
Grants and other assistance to domestic organizations and domestic governments. | $0 |
Grants and other assistance to domestic individuals. | $0 |
Grants and other assistance to Foreign Orgs/Individuals | $0 |
Benefits paid to or for members | $0 |
Compensation of current officers, directors, key employees. | $108,064 |
Compensation of current officers, directors, key employees. | $6,941 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $1,088,307 |
Pension plan accruals and contributions | $13,784 |
Other employee benefits | $69,780 |
Payroll taxes | $86,398 |
Fees for services: Management | $0 |
Fees for services: Legal | $0 |
Fees for services: Accounting | $37,046 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $0 |
Fees for services: Other | $9,925 |
Advertising and promotion | $4,993 |
Office expenses | $0 |
Information technology | $22,451 |
Royalties | $0 |
Occupancy | $18,764 |
Travel | $0 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $0 |
Interest | $0 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $59,349 |
Insurance | $24,236 |
All other expenses | $0 |
Total functional expenses | $1,818,445 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $625,996 |
Savings and temporary cash investments | $505,041 |
Pledges and grants receivable | $20,000 |
Accounts receivable, net | $0 |
Loans from Officers, Directors, or Controlling Persons | $0 |
Loans from Disqualified Persons | $0 |
Notes and loans receivable | $0 |
Inventories for sale or use | $0 |
Prepaid expenses and deferred charges | $22,290 |
Net Land, buildings, and equipment | $540,950 |
Investments—publicly traded securities | $0 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $202,942 |
Total assets | $1,917,219 |
Accounts payable and accrued expenses | $141,125 |
Grants payable | $0 |
Deferred revenue | $6,682 |
Tax-exempt bond liabilities | $0 |
Escrow or custodial account liability | $0 |
Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
Secured mortgages and notes payable | $0 |
Unsecured mortgages and notes payable | $0 |
Other liabilities | $204,927 |
Total liabilities | $352,734 |
Net assets without donor restrictions | $1,334,531 |
Net assets with donor restrictions | $229,954 |
Capital stock or trust principal, or current funds | $0 |
Paid-in or capital surplus, or land, building, or equipment fund | $0 |
Retained earnings, endowment, accumulated income, or other funds | $0 |
Total liabilities and net assets/fund balances | $1,917,219 |