Lao Assistance Center Of Minnesota
- Assets
- $588.1k
- Revenue
- $1.7m
- Investments
- $0.0
- Employees
- 19
- Location
- Minneapolis, MN
- Founding
- 11/1983
- Data as of
- 06/2023
- EIN
- 36-3255880
Organization Overview
Lao Assistance Center Of Minnesota is located in Minneapolis, MN. The organization was established in 1983. According to its NTEE Classification (J20) the organization is classified as: Employment Preparation & Procurement, under the broad grouping of Employment and related organizations. As of 06/2023, Lao Assistance Center Of Minnesota employed 19 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Lao Assistance Center Of Minnesota 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, Lao Assistance Center Of Minnesota generated $1.7m in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 41.5% each year . All expenses for the organization totaled $1.5m during the year ending 06/2023. While expenses have increased by 35.1% per year over the past 4 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
THE MISSION OF THE LAO ASSISTANCE CENTER OF MINNESOTA IS TO INCREASE THE CAPACITY OF THE THE LAO-AMERICAN POPULATION IN MINNESOTA BY RESPONDING TO THE COMMUNITY IDENTIFIED NEEDS THROUGH DEVELOPING PROGRAMS AND SERVICES THAT PROMOTE THE WELL-BEING OF FAMILIES AND CHILDREN WHILE RETAINING THEIR CULTURAL HERITAGE
Describe the Organization's Program Activity:
Part 3 - Line 4a
ANNUAL ENGAGEMENT OF OVER 5,000 COMMUNITY MEMBERS INCLUDING YOUTH, ADULTS AND ELDERS. LACM'S COMPREHENSIVE PROGRAMS FOCUS ON STABILIZING FAMILIES, NAVIGATING COMPLEX SYSTEMS, INCREASING AWARENESS AND KNOWLEDGE, AND CREATING PATHWAYS TO SUCCESS. OUR INITIATIVES ENCOMPASS VARIOUS CRITICAL AREAS, INCLUDING HOUSING STABILITY, MENTAL HEALTH AND WELLNESS, COVID-19, CARDIOVASCULAR HEALTH AND DIABETES, DIRECT ASSISTANCE (FOR ESSENTIAL NEEDS SUCH AS FOOD SECURITY, FUNERAL ASSISTANCE, BENEFIT APPLICATION ASSISTANCE, CITIZENSHIP GUIDANCE), WOMENS HEALTH, CIVIC AND COMMUNITY ENGAGEMENT, ENVIRONMENTAL PROGRAMMING AND MORE. OUR PROGRAMMING IN OPIOIDS, TOBACCO, AND GAMBLING FOCUSES ON SHIFTING CULTURAL NORMS AND CREATING HEALTHIER HABITS. ALL OF OUR PROGRAMS ENCOMPASSING AWARENESS CAMPAIGNS, SYSTEM NAVIGATION, AND IN-LANGUAGE GUIDANCE AND SUPPORT. ANNUALLY REACHING OVER 15,000 COMMUNITY MEMBERS THROUGH IN-LANGUAGE AWARENESS CAMPAIGNS ON SOCIAL MEDIA AND OTHER MEDIA OUTLETS, LACM PLAYS A CRUCIAL ROLE IN DISSEMINATING RELEVANT INFORMATION AND RESOURCES WITHIN THE COMMUNITY. BY PROVIDING CULTURALLY SENSITIVE AND LINGUISTICALLY APPROPRIATE SERVICES, LACM SIGNIFICANTLY CONTRIBUTES TO CREATING A STRONGER, MORE RESILIENT, AND INFORMED COMMUNITY, EMPOWERING INDIVIDUALS TO OVERCOME CHALLENGES, ACCESS VITAL RESOURCES, AND ACHIEVE PERSONAL AND COLLECTIVE SUCCESS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Pany Siharath President | OfficerTrustee | 3 | $0 |
Douangvixay Sithimolada Vice President | OfficerTrustee | 3 | $0 |
Phouninh Vixayvong Treasurer | Trustee | 3 | $0 |
Todd Littana Secretary | Trustee | 3 | $0 |
Jeffrey Sisomnuk Board Member | Trustee | 3 | $0 |
Sunny Chanthanouvong Executive Director | Officer | 40 | $104,684 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $1,203,055 |
| All other contributions, gifts, grants, and similar amounts not included above | $447,300 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,650,355 |
| Total Program Service Revenue | $0 |
| Investment income | $2,810 |
| 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 | $1,654,748 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $638,632 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $62,562 |
| Payroll taxes | $146,379 |
| Fees for services: Management | $52,129 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $34,841 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $271,138 |
| Advertising and promotion | $14,773 |
| Office expenses | $9,846 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $35,440 |
| Travel | $11,938 |
| 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 | $1,977 |
| Insurance | $6,158 |
| All other expenses | $24,685 |
| Total functional expenses | $1,463,853 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $87,241 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $411,202 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $6,530 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $7,221 |
| Net Land, buildings, and equipment | $9,884 |
| Investments—publicly traded securities | $66,056 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $588,134 |
| Accounts payable and accrued expenses | $91,065 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $0 |
| Total liabilities | $91,065 |
| Net assets without donor restrictions | $551,105 |
| Net assets with donor restrictions | -$54,036 |
| 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 | $588,134 |