Latse Inc
- Assets
- $0.0
- Revenue
- $702.2k
- Investments
- $0.0
- Employees
- 4
- Location
- New York, NY
- Founding
- 05/2019
- Data as of
- 12/2020
- EIN
- 83-1853249
Organization Overview
Latse Inc is located in New York, NY. The organization was established in 2019. According to its NTEE Classification (A23) the organization is classified as: Cultural & Ethnic Awareness, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 12/2020, Latse Inc employed 4 individuals. Latse Inc 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 12/2020, Latse Inc generated $702.2k in total revenue. This represents relatively stable growth, over the past 2 years the organization has increased revenue by an average of 1.5% each year. All expenses for the organization totaled $797.8k during the year ending 12/2020. 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
2020
Describe the Organization's Mission:
Part 3 - Line 1
TO SUPPORT ACCESS TO KNOWLEDGE OF TIBETAN LANGUAGE AND REFERENCE RESOURCES AND PROMOTE EDUCATION AND LITERACY FOR TIBETAN COMMUNITIES FOR ALL GENERATIONS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
IN 2020 LATSE, INC. MADE THE FOLLOWING CHARITABLE CONTRIBUTIONS: A GRANT OF $10,000 TO TIBET HERITAGE FUND. TO PRESERVE TRADITIONAL CRAFTS IN TIBETAN AND HIMALAYA REGIONS. A GRANT OF $3,990 TO TIBET ARTS & LITERATURE INITIATIVE. TO BE USED FOR THE CREATION OF PRINTABLE SETS OF ACTIVITIES TO ACCOMPANY THE TIBETAN LANGUAGE KINDERGARTEN TEXTBOOK. A SCHOLARSHIP OF $39,482 TO TWO INDIVIDUALS TO SUPPORT EDUCATION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kristina Dy-Liacco Managing Director | 40 | $160,800 | |
Pema Bhum Programs Director | 40 | $156,600 | |
Tenzin Gelek Program Officer/project Coord | 40 | $134,400 | |
Eric Colombel Director/secretary/treasurer | OfficerTrustee | 0 | $0 |
Paola Vanzo Director | Trustee | 0 | $0 |
Janet Gyatso Director | Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $701,844 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $701,844 |
| Total Program Service Revenue | $0 |
| 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 | $702,150 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $3,990 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $49,482 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $563,921 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $1,614 |
| Payroll taxes | $40,588 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $31,430 |
| Fees for services: Accounting | $11,358 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $37,131 |
| Advertising and promotion | $0 |
| Office expenses | $9,513 |
| Information technology | $15,290 |
| Royalties | $0 |
| Occupancy | $7,702 |
| Travel | $82 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $6,223 |
| All other expenses | $0 |
| Total functional expenses | $797,815 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $0 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $0 |
| Net assets without donor restrictions | $0 |
| 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 | $0 |