Form 990 for tax year 2022
Filed by LASA FOUNDATION INC.
This return was superseded by a later amendment. matched by us It is kept because history is preserved rather than replaced.
What the amendment changed
Compared with the latest return for 2022 , filed 16 October 2024. matched by us Only the return's totals, a 990-PF's accounting method and the names listed in Part VII (Part VIII on a 990-PF) are compared. We relate returns by organization, tax year and form, and order them by each return's own timestamp; the filer's own "amended return" checkbox is a separate fact.
Listed only on the later return
- Anu SoundarANU SOUNDAR
- Srikanth VaidyanathanSRIKANTH VAIDYANATHAN
Totals
- Total revenue
- $351,972
- Total expenses
- $200,964
- Contributions and grants received
- $313,830
- Grants paid
- $0
- Program service revenue
- $0
- Investment income
- $295
- Other revenue
- $37,847
- Total assets, end of year
- $2,297,095
- Total liabilities, end of year
- $665,177
- Net assets or fund balances, end of year
- $1,631,918
- Program services expenses (Part IX)
- $191,698
- Management and general expenses
- $8,815
- Fundraising expenses
- $451
- Program service expenses (Part III)
- $191,698
Program services were 95.4% 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.
-
1f · All other contributions, gifts and grants
$313,830
-
3 · Investment income
total $295 · related or exempt $295
-
4 · Income from investment of tax-exempt bond proceeds
total $0
-
5 · Royalties
total $0
-
6a · Gross rents
real property $37,847
-
6c · Rental income or loss
real property $37,847
-
6d · Net rental income or loss
total $37,847 · excluded $37,847
-
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 $0
-
11d · Fees: lobbying
total $0
-
11e · Fees: professional fundraising services
total $0
-
11f · Fees: investment management
total $0
-
11g · Fees: other
total $7,050 · management and general $7,050
-
12 · Advertising and promotion
total $0
-
13 · Office expenses
total $1,196 · management and general $1,196
-
14 · Information technology
total $262 · fundraising $262
-
15 · Royalties
total $0
-
16 · Occupancy
total $130,383 · program services $130,383
-
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 $46,698 · program services $46,698
-
23 · Insurance
total $0
-
24a · Other expenses: SUPPLIES AND OTHER
total $14,617 · program services $14,617
-
24b · Other expenses: LICENSES, FEES & PERMITS
total $370 · management and general $370
-
24c · Other expenses: BANK CHARGES
total $199 · management and general $199
-
24d · Other expenses: COMMISSIONS
total $189 · fundraising $189
-
24e · All other expenses
total $0
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $153,170 · end of year $133,176
-
2 · Savings and temporary cash investments
beginning of year $166,383 · end of year $254,930
-
3 · Pledges and grants receivable
beginning of year $2,559 · end of year $43,550
-
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 $4,853 · end of year $2,688
-
10a · Land, buildings and equipment: cost or other basis
$1,924,595
-
10b · Land, buildings and equipment: accumulated depreciation
$61,844
-
10c · Land, buildings and equipment, net
beginning of year $1,835,731 · end of year $1,862,751
-
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
beginning of year $13,579 · end of year $0
-
17 · Accounts payable and accrued expenses
beginning of year $1,200
-
22 · Loans and payables to officers and key people
beginning of year $100,756 · end of year $102,256
-
23 · Secured mortgages and notes payable
beginning of year $356,208 · end of year $347,844
-
24 · Unsecured notes and loans payable
beginning of year $226,701 · end of year $215,077
-
25 · Other liabilities
beginning of year $10,500
-
27 · Net assets without donor restrictions
beginning of year $1,474,255 · end of year $1,628,676
-
28 · Net assets with donor restrictions
beginning of year $6,655 · end of year $3,242
Mission and programs · 2022
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. 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.
Expenses $177,081
-
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.
Expenses $14,617
As filed on the 2022 return.
Listed in Part VII
-
Ramesh RazdanRAMESH RAZDAN
President
- Total calculated
- $0
- Hours/week
- 2
-
Vijay S ParthasarathyVIJAY S PARTHASARATHY
Director
- Total calculated
- $0
- Hours/week
- 2
-
Ramanan RamanathanRAMANAN RAMANATHAN
Treasurer
- Total calculated
- $0
- Hours/week
- 2
-
Sushil M MotwaniSUSHIL M MOTWANI
Secretary
- Total calculated
- $0
- Hours/week
- 2
-
Malathi RamgopalMALATHI RAMGOPAL
Director
- 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
- 2022
- Filed
- 10 May 2023
- IRS schema version
- 2022v5.0
- Source object
- 202321309349303507
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