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← LASA FOUNDATION INC

Form 990 for tax year 2024

Filed by LASA FOUNDATION INC.

Totals

Total revenue
$550,720
Total expenses
$181,087
Contributions and grants received
$526,182
Grants paid
$0
Program service revenue
$0
Investment income
$11,738
Other revenue
$12,800
Total assets, end of year
$2,410,301
Total liabilities, end of year
$107,884
Net assets or fund balances, end of year
$2,302,417
Program services expenses (Part IX)
$174,012
Management and general expenses
$5,921
Fundraising expenses
$1,154
Program service expenses (Part III)
$174,012

Program services were 96.1% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1e · Government grants (contributions)

    $34,261

  • 1f · All other contributions, gifts and grants

    $491,921

  • 1g · Noncash contributions included above

    $35,340

  • 3 · Investment income

    total $11,738 · related or exempt $11,738

  • 4 · Income from investment of tax-exempt bond proceeds

    total $0

  • 5 · Royalties

    total $0

  • 6a · Gross rents

    real property $12,800

  • 6c · Rental income or loss

    real property $12,800

  • 6d · Net rental income or loss

    total $12,800 · excluded $12,800

  • 7d · Net gain or loss

    total $0

  • 8c · Net income from fundraising events

    total $0

  • 9c · Net income from gaming

    total $0

  • 10c · Net income from sales of inventory

    total $0

  • 11e · Other revenue, total

    $0

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $0

  • 2 · Grants to domestic individuals

    total $0

  • 3 · Grants to foreign organizations and individuals

    total $0

  • 4 · Benefits paid to or for members

    total $0

  • 5 · Compensation of officers, directors and key employees

    total $0

  • 6 · Compensation of disqualified persons

    total $0

  • 7 · Other salaries and wages

    total $0

  • 8 · Pension plan contributions

    total $0

  • 9 · Other employee benefits

    total $0

  • 10 · Payroll taxes

    total $0

  • 11a · Fees: management

    total $0

  • 11b · Fees: legal

    total $0

  • 11c · Fees: accounting

    total $5,700 · management and general $5,700

  • 11d · Fees: lobbying

    total $0

  • 11e · Fees: professional fundraising services

    total $0

  • 11f · Fees: investment management

    total $0

  • 11g · Fees: other

    total $0

  • 12 · Advertising and promotion

    total $0

  • 13 · Office expenses

    total $0

  • 14 · Information technology

    total $1,050 · fundraising $1,050

  • 15 · Royalties

    total $0

  • 16 · Occupancy

    total $69,869 · program services $69,869

  • 17 · Travel

    total $0

  • 18 · Travel or entertainment for public officials

    total $0

  • 19 · Conferences, conventions and meetings

    total $0

  • 20 · Interest

    total $0

  • 21 · Payments to affiliates

    total $0

  • 22 · Depreciation, depletion and amortization

    total $58,466 · program services $58,466

  • 23 · Insurance

    total $0

  • 24a · Other expenses: SUPPLIES AND OTHER

    total $45,677 · program services $45,677

  • 24b · Other expenses: LICENSES, FEES & PERMITS

    total $167 · management and general $167

  • 24c · Other expenses: COMMISSIONS

    total $104 · fundraising $104

  • 24d · Other expenses: BANK CHARGES

    total $54 · management and general $54

  • 24e · All other expenses

    total $0

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $51,291 · end of year $14,474

  • 2 · Savings and temporary cash investments

    beginning of year $309,365 · end of year $462,516

  • 3 · Pledges and grants receivable

    end of year $58,743

  • 4 · Accounts receivable

    end of year $0

  • 5 · Loans and receivables from officers and key people

    end of year $0

  • 6 · Loans and receivables from disqualified persons

    end of year $0

  • 7 · Other notes and loans receivable

    end of year $0

  • 8 · Inventories for sale or use

    end of year $0

  • 9 · Prepaid expenses and deferred charges

    beginning of year $6,900 · end of year $8,121

  • 10a · Land, buildings and equipment: cost or other basis

    $2,039,747

  • 10b · Land, buildings and equipment: accumulated depreciation

    $173,300

  • 10c · Land, buildings and equipment, net

    beginning of year $1,890,652 · end of year $1,866,447

  • 11 · Investments: publicly traded securities

    end of year $0

  • 12 · Investments: other securities

    end of year $0

  • 13 · Investments: program-related

    end of year $0

  • 14 · Intangible assets

    end of year $0

  • 15 · Other assets

    end of year $0

  • 17 · Accounts payable and accrued expenses

    beginning of year $5,000 · end of year $4,550

  • 22 · Loans and payables to officers and key people

    beginning of year $66,666 · end of year $33,332

  • 23 · Secured mortgages and notes payable

    beginning of year $113,757

  • 24 · Unsecured notes and loans payable

    beginning of year $140,001 · end of year $70,002

  • 27 · Net assets without donor restrictions

    beginning of year $1,932,784 · end of year $2,302,417

Mission and programs · 2024

Mission

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.

  • A BUILDING WAS ACQUIRED IN 2021 TO HOST VARIOUS TYPES OF COMMUNITY, RELIGIOUS AND CHARITABLE FUNCTIONS. THE FACILITY PROVIDES 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.

    Expenses $128,335

  • THE ORGANIZATION HAS PROVIDED VARIOUS TYPES OF SUPPORT SUCH AS MEALS, CARE PACKAGES, GROCERIES, HEALTHCARE SERVICES, 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.

    Expenses $45,677

As filed on the 2024 return.

Listed in Part VII

  • SANDEEP MENON

    President

    Total calculated
    $0
    Hours/week
    2
  • SRIKANTH VAIDYANATHAN

    Director

    Total calculated
    $0
    Hours/week
    2
  • ANU SOUNDAR

    Treasurer

    Total calculated
    $0
    Hours/week
    2
  • GANESH K SUBRAMANIAN

    Secretary

    Total calculated
    $0
    Hours/week
    2
  • MALATHI RAMGOPAL

    Director

    Total calculated
    $0
    Hours/week
    2
  • MURALI VADLAMUDI

    EX OFFICIO BM

    Total calculated
    $0
    Hours/week
    2
  • RAJINI SANTHANAM

    EX OFFICIO BM

    Total calculated
    $0
    Hours/week
    2
  • JEYANTHI GHATRAJU

    Director

    Total calculated
    $0
    Hours/week
    2
  • BHARATH SAVKUR

    EX OFFICIO BM

    Total calculated
    $0
    Hours/week
    2
  • SATISH PANAMAKURI

    EX OFFICIO BM

    Total calculated
    $0
    Hours/week
    2

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.

Grants on this return

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2024
Filed
14 May 2025
IRS schema version
2024v5.1
Source object
202501349349303750

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