Laser Institute Of America
- Assets
- $1.2m
- Revenue
- $2.2m
- Investments
- $0.0
- Employees
- 16
- Location
- Orlando, FL
- Founding
- 05/1981
- Data as of
- 03/2023
- 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 03/2023, Laser Institute Of America employed 16 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 03/2023, Laser Institute Of America generated $2.2m in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (0.7%) each year. All expenses for the organization totaled $2.2m during the year ending 03/2023. As we would expect to see with falling revenues, expenses have declined by (1.3%) per year over the past 8 years. 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
SEE SCHEDULE O
Describe the Organization's Program Activity:
Part 3 - Line 4a
JOURNALS AND PUBLICATIONS - THE ORGANIZATION PUBLISHES, SELLS AND DISTRIBUTES SCIENTIFIC AND TECHNICAL JOURNALS AND OTHER PUBLICATIONS TO PROVIDE INFORMATION ABOUT LASER TECHNOLOGY.
OTHER PROGRAM SERVICES
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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Nathaniel Quick Executive Director | Officer | 40 | $183,028 |
Shaun Oleson Cheif Technology Officer | Officer | 40 | $104,879 |
Kristen Arnold Chief Financial Officer | Officer | 40 | $91,175 |
Steven Glover Chief Operating Officer | Officer | 40 | $84,077 |
Milan Brandt Trustee | Trustee | 5 | $0 |
Gilbert Haas Past President | OfficerTrustee | 5 | $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 | $82,475 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| 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 | $82,475 |
| Total Program Service Revenue | $2,131,357 |
| 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 | $2,239,791 |
| 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. | $546,008 |
| Compensation of current officers, directors, key employees. | $546,008 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $44,494 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $10,518 |
| Fees for services: Accounting | $6,032 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $222,086 |
| Office expenses | $66,798 |
| Information technology | $28,251 |
| Royalties | $0 |
| Occupancy | $68,122 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $497,815 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $31,096 |
| Insurance | $17,671 |
| All other expenses | $19,006 |
| Total functional expenses | $2,181,433 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $430,078 |
| Savings and temporary cash investments | $5,000 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $373,834 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $21,749 |
| Prepaid expenses and deferred charges | $152,461 |
| Net Land, buildings, and equipment | $14,318 |
| Investments—publicly traded securities | $189,092 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $7,000 |
| Total assets | $1,193,532 |
| Accounts payable and accrued expenses | $280,391 |
| Grants payable | $0 |
| Deferred revenue | $102,678 |
| 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 | $383,069 |
| Net assets without donor restrictions | $810,463 |
| 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 | $1,193,532 |