La-Mas Inc
- Assets
- $666.7k
- Revenue
- $562.0k
- Investments
- $0.0
- Employees
- 8
- Location
- Los Angeles, CA
- Founding
- 03/2013
- Data as of
- 12/2022
- 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 12/2022, La-Mas Inc employed 8 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 12/2022, La-Mas Inc generated $562.0k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 3.2% each year. All expenses for the organization totaled $609.0k during the year ending 12/2022. While expenses have increased by 3.6% 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
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
LA MÁS IS A COMMUNITY ORGANIZATION THAT CREATES AND SUSTAINS COOPERATIVE SYSTEMS OF LIVING AND WORKING TOGETHER IN NORTHEAST LA. WE ENVISION A REGENERATIVE NORTHEAST LA THAT TRANSFORMS OUR RELATIONSHIP TO LAND LABOR AND CARE.
Describe the Organization's Program Activity:
-COMMUNITY TENDING | THROUGH CAPACITY BUILDING POPULAR EDUCATION AND OUTDOOR GATHERINGS WE SUPPORT RESIDENTS TO DEEPEN CONNECTIONS WITH NATURE AND EACH OTHER AND TO TAKE COLLECTIVE ACTION. -REGENERATIVE ECONOMIES | WE BUILD AND SUSTAIN COMMUNITY-LED NETWORKS OF CARE THROUGH WORKER CO-OP DEVELOPMENT NON-MONETARY RESOURCE EXCHANGES AND A LOCAL VENDOR ECOSYSTEM. -RESIDENT-LED HOUSING | THROUGH A COMBINATION OF POPULAR EDUCATION POLICY ADVOCACY AND TECHNICAL & FINANCIAL SUPPORT WE HELP RESIDENTS COLLECTIVELY PURCHASE AND STEWARD HOUSING TOGETHER.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Helen Leung Executive Director | Officer | 40 | $87,831 |
Helen Campbell President | OfficerTrustee | 5 | $0 |
Maribel Garcia Vice President | OfficerTrustee | 5 | $0 |
Daniel Paredes Secretary | OfficerTrustee | 5 | $0 |
Sean Doss Treasurer | OfficerTrustee | 5 | $0 |
Phung Huynh Board Member | Trustee | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $108,639 |
| All other contributions, gifts, grants, and similar amounts not included above | $390,496 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $499,135 |
| Total Program Service Revenue | $0 |
| Investment income | $166 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $62,705 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $562,006 |
| 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. | $87,831 |
| Compensation of current officers, directors, key employees. | $9,662 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $335,388 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $33,799 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $1,500 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| 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 | $41,376 |
| All other expenses | $14,360 |
| Total functional expenses | $609,019 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $651,930 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $13,500 |
| 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 | $666,730 |
| Accounts payable and accrued expenses | $22,850 |
| Grants payable | $0 |
| Deferred revenue | $287,153 |
| 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 | $310,003 |
| Net assets without donor restrictions | $356,727 |
| 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 | $666,730 |