Laser Institute Of America
- Assets
- $997.8k
- Revenue
- $1.9m
- Investments
- $0.0
- Employees
- 12
- Location
- Orlando, FL
- Founding
- 05/1981
- Data as of
- 03/2022
- EIN
- 95-2535904
Organization Overview
Laser Institute Of America is located in Orlando, FL. The organization was established in 1981. 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 03/2022, Laser Institute Of America employed 12 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Laser Institute Of America 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 03/2022, Laser Institute Of America generated $1.9m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (3.3%) each year. All expenses for the organization totaled $1.7m during the year ending 03/2022. As we would expect to see with falling revenues, expenses have declined by (4.7%) per year over the past 7 years. 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
SEE SCHEDULE O
Describe the Organization's Program Activity:
JOURNALS AND PUBLICATIONS - THE ORGANIZATION PUBLISHES, SELLS AND DISTRIBUTES SCIENTIFIC AND TECHNICAL JOURNALS AND OTHER PUBLICATIONS TO PROVIDE INFORMATION ABOUT LASER TECHNOLOGY.
SHORT COURSES AND CONFERENCES - THE ORGANIZATION CONDUCTS SHORT COURSES AND CONFERENCES WHICH PROVIDE EDUCATIONAL OPPORTUNITIES REGARDING LASER TECHNOLOGY, APPLICATIONS, AND SAFETY.
MEMBERSHIP - THE ORGANIZATION OFFERS MEMBERSHIPS WHICH ENTITLE MEMBERS TO RECEIVE CERTAIN JOURNALS AND PUBLICATIONS, AND REDUCED RATES ON SHORT COURSES AND SEMINARS.
OTHER PROGRAM SERVICES
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Nathaniel Quick Executive Director | Officer | 40 | $130,789 |
Shaun Oleson Cheif Technology Officer | Officer | 40 | $96,624 |
Gustavo Anibarro Education Director | Officer | 40 | $91,885 |
Kristen Arnold Chief Financial Officer | Officer | 40 | $80,131 |
Steven Glover Chief Operating Officer | Officer | 40 | $68,382 |
Gilbert Haas Past President | OfficerTrustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Banyan Streetgap Resource Sq Financial Services | 3/30/16 | $115,232 |
Morgan Stanley Smith Barney Financial Services | 3/30/16 | $112,951 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $70,108 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $109,035 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $179,143 |
| Total Program Service Revenue | $1,567,284 |
| Investment income | $0 |
| 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 | $1,877,900 |
| 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. | $678,377 |
| Compensation of current officers, directors, key employees. | $678,377 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $50,329 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $15,531 |
| Fees for services: Accounting | $5,521 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $163,783 |
| Office expenses | $55,073 |
| Information technology | $19,904 |
| Royalties | $0 |
| Occupancy | $166,945 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $40,842 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $41,698 |
| Insurance | $12,897 |
| All other expenses | $25,303 |
| Total functional expenses | $1,729,136 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $351,366 |
| Savings and temporary cash investments | $14,196 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $279,875 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $21,940 |
| Prepaid expenses and deferred charges | $84,659 |
| Net Land, buildings, and equipment | $37,594 |
| Investments—publicly traded securities | $201,194 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $7,000 |
| Total assets | $997,824 |
| Accounts payable and accrued expenses | $142,429 |
| Grants payable | $0 |
| Deferred revenue | $91,188 |
| 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 | $233,617 |
| Net assets without donor restrictions | $764,207 |
| 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 | $997,824 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Laser Institute Of America has recieved totaling $5.
| Awarding Organization | Amount |
|---|---|
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $5 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Technical Association Of The Pulp & Paper Industry Inc Peachtree Corners, GA | $27,342,893 | $7,884,355 |
Laser Institute Of America Orlando, FL | $997,824 | $1,877,900 |
Georgiafirst Robotics Inc Cumming, GA | $615,858 | $592,170 |
Association For Financial Technology Atlanta, GA | $778,884 | $667,762 |
Forest Products Society Lagrange, GA | $2,002,055 | $523,999 |
Intelligent Robotics Inc Tallahassee, FL | $13,328 | $0 |
Tread Rubber And Tire Repair Materials Manufacturers Group Ringgold, GA | $169,853 | $0 |
Johnson Stem Activity Center Inc Atlanta, GA | $63,405 | $127,465 |
Institute For Adaptive Optics In Human Vision Miami Beach, FL | $286 | $64,634 |
Wielenga Innovation Foundation Inc Hollywood, FL | $629,860 | $13,843 |
Society Of American Military Engineers Mobile, AL | $505,455 | $142,685 |
National Nanotechnologymanufacturing Center Inc Swainsboro, GA | $31,731 | $3,651 |