Larta Institute
- Assets
- $3.2m
- Revenue
- $530.1k
- Investments
- $0.0
- Employees
- 1
- Location
- Los Angeles, CA
- Founding
- 09/1997
- Data as of
- 12/2021
- 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 12/2021, Larta Institute generated $530.1k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (13.1%) each year. All expenses for the organization totaled $519.9k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (6.4%) per year over the past 7 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
2021
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.
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.
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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Rohit Shukla Chief Executive Officer | OfficerTrustee | 10 | $0 |
Robert Ashley Board Chair | OfficerTrustee | 6 | $0 |
Elliot Gordon Secretary & Treasurer | OfficerTrustee | 5 | $0 |
Carlos Gutierrez Chief Strategy Officer | Officer | 10 | $0 |
Timothy Cooley Director | Trustee | 5 | $0 |
Shezad Rokerya Director | Trustee | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $15,000 |
| All other contributions, gifts, grants, and similar amounts not included above | $56,750 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $71,750 |
| Total Program Service Revenue | $458,347 |
| 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 | $530,097 |
| 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. | $37,900 |
| Compensation of current officers, directors, key employees. | $2,285 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $76,883 |
| Pension plan accruals and contributions | $1,211 |
| Other employee benefits | $4,575 |
| Payroll taxes | $8,914 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $2,020 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $264,699 |
| Advertising and promotion | $0 |
| Office expenses | $22,521 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $58,779 |
| Travel | $1,503 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $724 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $31,415 |
| Insurance | $3,062 |
| All other expenses | $0 |
| Total functional expenses | $519,942 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,713,834 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $76,787 |
| 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 | $30,829 |
| Net Land, buildings, and equipment | $24,675 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $293,980 |
| Intangible assets | $0 |
| Other assets | $92,455 |
| Total assets | $3,232,560 |
| Accounts payable and accrued expenses | $71,607 |
| 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 | $97,001 |
| Total liabilities | $168,608 |
| Net assets without donor restrictions | $3,063,952 |
| 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 | $3,232,560 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Pacific Neuroscience Institute Foundation Santa Monica, CA | $44,018,934 | $3,212,704 |
Institute Of Noetic Sciences Petaluma, CA | $8,537,832 | $4,201,204 |
Center For Humane Technology San Francisco, CA | $2,666,587 | $2,332,710 |
Berkeley Geochronology Center Berkeley, CA | $3,272,746 | $1,536,625 |
Redwood Research Group Inc Berkeley, CA | $14,523,608 | $13,904,248 |
Foundation For Psycho-Cultural Research Pacific Palisades, CA | $13,036,074 | $1,164,013 |
Technology For Global Security Oakland, CA | $990,141 | $1,457,910 |
Dryad Davis, CA | $1,117,045 | $1,122,775 |
Human Biomolecular Research San Diego, CA | $4,701,107 | $636,157 |
Oarc Inc Belmont, CA | $1,005,141 | $888,336 |
Scientific Being Research Foundation Inc San Diego, CA | $0 | $408,541 |
Larta Institute Los Angeles, CA | $3,232,560 | $530,097 |