La-Mas Inc
- Assets
- $1.0m
- Revenue
- $899.2k
- Investments
- $0.0
- Employees
- 10
- Location
- Los Angeles, CA
- Founding
- 03/2013
- Data as of
- 12/2021
- EIN
- 38-3886677
Organization Overview
La-Mas Inc is located in Los Angeles, CA. The organization was established in 2013. According to its NTEE Classification (U40) the organization is classified as: Engineering & Technology, under the broad grouping of Science & Technology and related organizations. As of 12/2021, La-Mas Inc employed 10 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. La-Mas 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 12/2021, La-Mas Inc generated $899.2k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 10.9% each year . All expenses for the organization totaled $865.8k during the year ending 12/2021. While expenses have increased by 9.5% per year over the past 7 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
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
LA MS IS A COMMUNITY ORGANIZATION BUILDING COLLECTIVE POWER IN NORTHEAST LOS ANGELES TO PROMOTE NEIGHBORHOOD STABILITY AND ECONOMIC RESILIENCE. WE ENVISION A NORTHEAST LOS ANGELES WHERE COMMUNITIES OF COLOR HAVE EQUITABLE ACCESS TO THE POWER AND RESOURCES NEEDED TO SHAPE THEIR FUTURE.
Describe the Organization's Program Activity:
LA MS IS A COMMUNITY ORGANIZATION BUILDING COLLECTIVE POWER IN NORTHEAST LOS ANGELES TO PROMOTE NEIGHBORHOOD STABILITY AND ECONOMIC RESILIENCE FOR WORKING CLASS COMMUNITIES OF COLOR. THROUGH POPULAR EDUCATION AND LEADERSHIP DEVELOPMENT, LA MS PARTNERS WITH RESIDENTS TO CREATE AND SUSTAIN PROGRAMS THAT EMBODY COOPERATIVE SYSTEMS OF LIVING AND WORKING TOGETHER. WITH COMMUNITY AT THE FRONT AND CENTER, LA MS IS WORKING TOWARD A REGENERATIVE NORTHEAST LOS ANGELES THAT HONORS OUR CONNECTIONS WITH ONE ANOTHER, RECONCILES OUR EXTRACTIVE RELATIONSHIP TO LAND, AND ALLOWS EVERYONE A LIFE OF DIGNITY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Helen Leung Co-Executive Di | Officer | 40 | $94,975 |
Elizabeth Timme Co-Executive Di | Officer | 20 | $83,065 |
Shauna Nep Secretary | OfficerTrustee | 5 | $0 |
Mott Smith Treasurer | OfficerTrustee | 5 | $0 |
Renee Dake Wilson President | OfficerTrustee | 5 | $0 |
Jennifer Samson Board Member | Trustee | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $102,657 |
| All other contributions, gifts, grants, and similar amounts not included above | $795,547 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $898,204 |
| Total Program Service Revenue | $0 |
| Investment income | $33 |
| 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 | $899,237 |
| 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. | $178,040 |
| Compensation of current officers, directors, key employees. | $5,426 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $352,552 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $90 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $30,642 |
| 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 | $0 |
| Insurance | $21,623 |
| All other expenses | $9,877 |
| Total functional expenses | $865,798 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $980,260 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $34,819 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,300 |
| Total assets | $1,016,379 |
| Accounts payable and accrued expenses | $15,154 |
| Grants payable | $0 |
| Deferred revenue | $503,145 |
| 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 | $94,340 |
| Other liabilities | $0 |
| Total liabilities | $612,639 |
| Net assets without donor restrictions | $403,740 |
| Net assets with donor restrictions | $0 |
| 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 | $1,016,379 |
Grants Recieved
Over the last fiscal year, we have identified 10 grants that La-Mas Inc has recieved totaling $1,526,737.
| Awarding Organization | Amount |
|---|---|
Food Forward Inc North Hollywood, CA PURPOSE: FRESH PRODUCE DONATION | $736,947 |
Silicon Valley Community Foundation Mountain View, CA PURPOSE: Sciences | $500,000 |
Jp Morgan Chase Foundation New York, NY PURPOSE: IN SUPPORT OF NEIGHBORHOOD REVITALIZATION | $200,000 |
Hollywood Food Coalition Los Angeles, CA PURPOSE: COMMUNITY ASSISTANCE | $44,270 |
Ralph M Parsons Foundation Los Angeles, CA PURPOSE: FOR GENERAL SUPPORT OF COMMUNITY SUSTAINABILITY AND AFFORDABLE HOUSING SOLUTIONS | $25,000 |
Aarp Washington, DC PURPOSE: Sponsorship of anniversary event | $10,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Heavy Vehicle Electonic License Plate Phoenix, AZ | $130,323,660 | $145,312,817 |
Anita Borg Institute For Women And Technology San Mateo, CA | $20,941,421 | $26,479,917 |
Mozilla Foundation San Francisco, CA | $66,895,760 | $26,523,745 |
Applied Technology Council Redwood City, CA | $8,408,642 | $4,921,582 |
Equalize Health San Francisco, CA | $2,578,144 | $2,659,678 |
Aquaya Institute San Anselmo, CA | $2,762,883 | $3,651,840 |
Arizona Technology Council Phoenix, AZ | $832,086 | $1,960,738 |
Globalplatform Inc A Delaware Corporation Redwood City, CA | $3,723,105 | $2,155,351 |
Ought Inc Covina, CA | $3,932,251 | $796,178 |
Openai Inc San Francisco, CA | $19,976,363 | $11,728 |
The Foresight Institute San Francisco, CA | $1,819,148 | $1,599,886 |
La-Mas Inc Los Angeles, CA | $1,016,379 | $899,237 |