Larta Institute
- Assets
- $6.7m
- Revenue
- $1.3m
- Investments
- $11.6k
- Employees
- 1
- Location
- Los Angeles, CA
- Founding
- 09/1997
- Data as of
- 12/2022
- EIN
- 95-4609347
Organization Overview
Larta Institute is located in Los Angeles, CA. The organization was established in 1997. According to its NTEE Classification (U05) the organization is classified as: Research Institutes & Public Policy Analysis, under the broad grouping of Science & Technology and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Larta Institute 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, Larta Institute generated $1.3m 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 $810.2k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (0.3%) 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
EDUCATIONAL AND TECHNICAL HELP TO HIGH TECH BUSINESSES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
AGRICULTURE & FOOD, MARINE & OCEAN PROGRAM - FACILITATES THE MATCHING OF TECHNOLOGIES WITH INVESTORS AND PROVIDE CREDIBLE, INTELLEGENT VOICE ON TECHNOLOGY ISSUES THROUGH BUSINESS TRAINING, MARKET RESEARCH, CONSULTING, CAPITAL AND KNOWLEDGE PROGRAMS.
ENERGY PROGRAM - FACILITATES THE MATCHING OF TECHNOLOGIES WITH INVESTORS AND PROVIDE CREDIBLE, INTELLEGENT VOICE ON TECHNOLOGY ISSUES THROUGH BUSINESS TRAINING, MARKET RESEARCH, CONSULTING, CAPITAL AND KNOWLEDGE PROGRAMS.
LIFE SCIENCE PROGRAM - FACILITATES THE MATCHING OF TECHNOLOGIES WITH INVESTORS AND PROVIDE CREDIBLE, INTELLEGENT VOICE ON TECHNOLOGY ISSUES THROUGH BUSINESS TRAINING, MARKET RESEARCH, CONSULTING, CAPITAL AND KNOWLEDGE PROGRAMS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Robert Ashley Board Chair | OfficerTrustee | 6 | $0 |
Elliot Gordon Secretary & Treasurer | OfficerTrustee | 5 | $0 |
Timothy Cooley Director | Trustee | 5 | $0 |
Shezad Rokerya Director | Trustee | 5 | $0 |
Rohit Shukla Chief Executive Officer | OfficerTrustee | 10 | $0 |
Caprice Young Director | Trustee | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $71,624 |
| All other contributions, gifts, grants, and similar amounts not included above | $441,620 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $513,244 |
| Total Program Service Revenue | $827,469 |
| 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 | $1,340,713 |
| 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. | $20,578 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $109,299 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $10,388 |
| 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 | $550,259 |
| Advertising and promotion | $0 |
| Office expenses | $30,802 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $57,738 |
| Travel | $3,135 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $3 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $21,476 |
| Insurance | $2,545 |
| All other expenses | $3,992 |
| Total functional expenses | $810,215 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,680,434 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $366,319 |
| 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 | $29,329 |
| Net Land, buildings, and equipment | $3,199 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $11,600 |
| Investments—program-related | $293,980 |
| Intangible assets | $0 |
| Other assets | $3,301,847 |
| Total assets | $6,686,708 |
| Accounts payable and accrued expenses | $93,442 |
| Grants payable | $0 |
| Deferred revenue | $321,320 |
| 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 | $2,677,496 |
| Total liabilities | $3,092,258 |
| Net assets without donor restrictions | $3,544,910 |
| Net assets with donor restrictions | $49,540 |
| 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 | $6,686,708 |