Lasa Foundation Inc
- Assets
- $2.3m
- Revenue
- $352.0k
- Investments
- $0.0
- Employees
- 0
- Location
- Lowell, MA
- Founding
- 09/2019
- Data as of
- 12/2022
- EIN
- 83-3486827
Organization Overview
Lasa Foundation Inc is located in Lowell, MA. The organization was established in 2019. According to its NTEE Classification (P11) the organization is classified as: Single Organization Support, under the broad grouping of Human Services and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Lasa Foundation 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, Lasa Foundation Inc generated $352.0k in total revenue. This represents relatively stable growth, over the past 4 years the organization has increased revenue by an average of 0.2% each year. All expenses for the organization totaled $201.0k during the year ending 12/2022. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
LASA IS AN ACRONYM FOR LOVE ALL, SERVE ALL. LASA IS A VOLUNTARY FAITH-BASED ORGANIZATION DEDICATED TO UNDERTAKING SPIRITUAL, CHARITABLE AND LOCAL COMMUNITY SERVICE AND EDUCATIONAL ACTIVITIES BASED ON FIVE UNIVERSAL HUMAN VALUES TRUTH, NON-VIOLENCE, PEACE, LOVE AND RIGHT CONDUCT. THE ORGANIZATION IS FREE AND NON-DENOMINATIONAL WHOSE MEMBERS CONSIST OF ALL FAITHS AND SHARE A COMMON GOAL: TO REALIZE THE ONENESS OF ALL HUMAN BEINGS THROUGH THE PRACTICE OF LOVE AND SERVICE TO ALL.
Describe the Organization's Program Activity:
Part 3 - Line 4a
A BUILDING WAS ACQUIRED IN 2021 TO HOST VARIOUS TYPES OF COMMUNITY, RELIGIOUS AND CHARITABLE FUNCTIONS. DURING THE YEAR, AT THE REQUEST OF THE COMMONWEALTH OF MASSACHUSETTS AND THE CITY OF LOWELL, THE FACILITY HAS HOSTED A COVID-19 VACCINATION CLINIC. THE FACILITY IS EXPECTED TO PROVIDE SPACE FOR EDUCATIONAL AND TUTORING NEEDS IN THE COMMUNITY, VARIOUS DEVOTIONAL ACTIVITIES, SPIRITUAL GROWTH SESSSIONS AND NUMEROUS OTHER ANCILLARY NEEDS ENCOUNTERED BY THE COMMUNITY AND INDIVIDUALS.
A BUILDING WAS ACQUIRED IN 2021 TO HOST VARIOUS TYPES OF COMMUNITY, RELIGIOUS AND CHARITABLE FUNCTIONS. DURING THE YEAR, AT THE REQUEST OF THE COMMONWEALTH OF MASSACHUSETTS AND THE CITY OF LOWELL, THE FACILITY HAS HOSTED A COVID-19 VACCINATION CLINIC. THE FACILITY IS EXPECTED TO PROVIDE SPACE FOR EDUCATIONAL AND TUTORING NEEDS IN THE COMMUNITY, VARIOUS DEVOTIONAL ACTIVITIES, SPIRITUAL GROWTH SESSSIONS AND NUMEROUS OTHER ANCILLARY NEEDS ENCOUNTERED BY THE COMMUNITY AND INDIVIDUALS.
THE ORGANIZATION HAS PROVIDED VARIOUS TYPES OF SUPPORT SUCH AS MEALS, CARE PACKAGES, GROCERIES, HOUSEHOLD SUPPLIES AND OTHER NECESSITIES TO VARIOUS ORGANIZATIONS FOR DISPERSION AND TO MANY OTHER INDIVIDUALS WHOM ARE IN NEED AND SUFFERING THROUGHOUT THE METRO BOSTON AREA.
THE ORGANIZATION HAS PROVIDED VARIOUS TYPES OF SUPPORT SUCH AS MEALS, CARE PACKAGES, GROCERIES, HOUSEHOLD SUPPLIES AND OTHER NECESSITIES TO VARIOUS ORGANIZATIONS FOR DISPERSION AND TO MANY OTHER INDIVIDUALS WHOM ARE IN NEED AND SUFFERING THROUGHOUT THE METRO BOSTON AREA.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ramesh Razdan President | OfficerTrustee | 2 | $0 |
Vijay S Parthasarathy Director | Trustee | 2 | $0 |
Ramanan Ramanathan Treasurer | OfficerTrustee | 2 | $0 |
Sushil M Motwani Secretary | OfficerTrustee | 2 | $0 |
Malathi Ramgopal Director | Trustee | 2 | $0 |
Ramesh Razdan President | OfficerTrustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $313,830 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $313,830 |
| Total Program Service Revenue | $0 |
| Investment income | $295 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $37,847 |
| 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 | $351,972 |
| 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 | $0 |
| 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 | $7,050 |
| Advertising and promotion | $0 |
| Office expenses | $1,196 |
| Information technology | $262 |
| Royalties | $0 |
| Occupancy | $130,383 |
| 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 | $46,698 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $200,964 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $133,176 |
| Savings and temporary cash investments | $254,930 |
| Pledges and grants receivable | $43,550 |
| 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 | $2,688 |
| Net Land, buildings, and equipment | $1,862,751 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,297,095 |
| Accounts payable and accrued expenses | $0 |
| 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 | $102,256 |
| Secured mortgages and notes payable | $347,844 |
| Unsecured mortgages and notes payable | $215,077 |
| Other liabilities | $0 |
| Total liabilities | $665,177 |
| Net assets without donor restrictions | $1,628,676 |
| Net assets with donor restrictions | $3,242 |
| 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 | $2,297,095 |