Civic Intelligence

Latse Inc

EIN 83-1853249 • 501(c)3 • New York, NY

Profile

TO SUPPORT ACCESS TO KNOWLEDGE OF TIBETAN language and reference resources and promote education and literacy for Tibetan communities for all generations.

132 Perry Street Suite 2BNew York, NY 10014

n/A

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

Score unavailable

No value available

Liabilities-to-assets requires both liabilities and assets on the latest valid filing.

Source year 2020

Liabilities / Revenue

35th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

501(c)3 • $500k-$1M nonprofits • Source year 2020

Net Margin

20th percentile

-14%

Higher net margin than 20% of similar nonprofits.

501(c)3 • $500k-$1M nonprofits • Source year 2020

Top Officer Pay

95th percentile

$163,614

Higher top officer pay than 95% of similar nonprofits.

Top officer pay equals 23.3% of source-year revenue.

501(c)3 • $500k-$1M nonprofits • Source year 2020

Asset Growth

2nd percentile

-100%

Faster asset growth than 2% of similar nonprofits.

501(c)3 • $500k-$1M nonprofits • Annualized from 2019 to 2020

Revenue Growth

44th percentile

3.0%

Faster revenue growth than 44% of similar nonprofits.

501(c)3 • $500k-$1M nonprofits • Annualized from 2019 to 2020

Assets

Down

$0

Down $105,465 (-100%) from 2019

Liabilities

Down

$0

Down $9,800 (-100%) from 2019

Net Assets

Down

$0

Down $95,665 (-100%) from 2019

Revenue

Up

$702,150

Up $20,223 (+3.0%) from 2019

Expenses

Up

$797,815

Up $211,400 (+36%) from 2019

Net Income

Down

-$95,665

Down $191,177 (-200%) from 2019

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$150K$100K$50K$0Assets 2018: $153Liabilities 2018: $02018Assets 2019: $105,465Liabilities 2019: $9,800Net Assets 2019: $95,6652019Assets 2020: $0Liabilities 2020: $0Net Assets 2020: $02020

Highlighted filing

2020

Assets$0
Liabilities$0
Net Assets$0

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$1.0M$500K$0-$500KRevenue 2018: $45,153Expenses 2018: $45,000Net Income 2018: $1532018Revenue 2019: $681,927Expenses 2019: $586,415Net Income 2019: $95,5122019Revenue 2020: $702,150Expenses 2020: $797,815Net Income 2020: -$95,6652020

Highlighted filing

2020

Revenue$702,150
Expenses$797,815
Net Income-$95,665

Filings

Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2020 to Dec 31, 2020
Signed
May 10, 2021
Return Version
2020v4.1
Gross Receipts
$702,150
Mission and Program Overview

Mission

TO SUPPORT ACCESS TO KNOWLEDGE OF TIBETAN language and reference resources and promote education and literacy for Tibetan communities for all generations.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$100,655$0▼ $100,655
Accounts Receivable$4,810$0▼ $4,810
Savings and Temporary Cash Investments$0$0→ $0
Other Notes and Loans Receivable, Net$0$0→ $0
Pledges and Grants Receivable$0$0→ $0
Receivable From Disqualified Prsn$0$0→ $0
Receivables From Officers Etc$0$0→ $0
Investments Other Securities$0$0→ $0
Investments Program Related$0$0→ $0
Investments in Publicly Traded Securities$0$0→ $0
Land, Buildings, and Equipment, Net$0$0→ $0
Intangible Assets$0$0→ $0
Inventories for Sale or Use$0$0→ $0
Loans From Officers Directors$0$0→ $0
Prepaid Expenses and Deferred Charges$0$0→ $0
Total Assets$105,465$0▼ $105,465
Other Assets Total$0$0→ $0
Liabilities
Accounts Payable and Accrued Expenses$9,800$0▼ $9,800
Grants Payable$0$0→ $0
Mortgage Notes Payable Secured by Investment Property$0$0→ $0
Unsecured Notes Loans Payable$0$0→ $0
Other Liabilities$0$0→ $0
Deferred Revenue$0$0→ $0
Escrow Account Liability$0$0→ $0
Tax Exempt Bond Liabilities$0$0→ $0
Total Liabilities$9,800$0▼ $9,800
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$95,665$0▼ $95,665
Net Assets With Donor Restrictions$0$0→ $0
Total Net Assets Fund Balance$95,665$0▼ $95,665
Total Liabilities and Net Assets / Fund Balance$105,465$0▼ $105,465
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Kristina Dy-liaccoManaging DirectorFT$52,000$111,614$163,614
Pema BhumPrograms DirectorFT$50,600$108,814$159,414
Tenzin GelekProgram Officer/project CoordFT$134,400$4,614$139,014

Board Members and Trustees

NameTitle
Janet GyatsoDirector
Paola VanzoDirector
Eric ColombelDirector/secretary/treasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$701,844
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$306
All Other Contributions
$701,844
Change in Net Assets
$-95,665
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$606,123
Other Expenses$138,220
Grants and Similar Amounts Paid$53,472
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$481,640$82,281-$563,921
Foreign Grants$49,482--$49,482
Payroll Taxes$33,835$6,753-$40,588
Fees for Services Other$1,085$36,046-$37,131
Fees for Services Legal-$31,430-$31,430
Other Expenses$16,196$824-$16,196
Information Technology$11,468$3,822-$15,290
Fees for Services Accounting-$11,358-$11,358
Office Expenses$9,513--$9,513
Occupancy$7,702--$7,702
Insurance-$6,223-$6,223
Grants to Domestic Orgs$3,990--$3,990
Other Employee Benefits$1,380$234-$1,614
Travel$82--$82
Total Functional Expenses$618,844$178,971$0$797,815
International Activity

International Summary

Spending
$49,482

International Compliance

Foreign grant records maintained
Yes
Activity in boycott countries
No
Foreign corporation ownership
No
Foreign partnership interest
No
Interest in foreign trust
No
Passive foreign investment company interest
No
Transfers to foreign corporations
No

International Activities

RegionActivityServicesOfficesEmployeesSpending
East Asia and the PacificProgram ServicesGrants/scholarships--$49,482
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$0
Fundraising Gross Income$0
Gaming Direct Expenses$0
Gaming Gross Income$0
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Loans from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Receivables from Disqualified Persons$0$0→ $0
Receivables from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
Yes
Annual disclosure for covered persons
Yes
Audit committee
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

PART VI, SECTION B, QUESTION 11B:

A copy of the final version of form 990 was provided to each board member for review prior to filing.

PART VI, SECTION B, QUESTION 12C:

The board has seen and approved the conflicts of interest policy and has and will continue to comply. In addition, latse, inc. Monitors the conflicts of interest policy by requiring annual updates from the staff listing any conflicts. No conflicts have been reported and latse, inc. Has no reason to doubt the validity of the annual updates.

PART VI, SECTION B, QUESTION 15A:

The foundations's officers and directors receive no compensation.

PART VI, SECTION B, QUESTION 15B:

The foundation's board determines the compensation for other officers and key employees.

PART VI, SECTION C, QUESTION 19:

The organization makes a copy of its governing documents and other materials that were attached to its form 1023 and 990 available to the public upon request.

Filing and Contact Details

Filer

Filer Name
Latse Inc
EIN
83-1853249
In Care Of
% MICHELLE R ARZAC
Phone
2123678490
Address
132 PERRY STREET SUITE 2B, NEW YORK, NY 10014

Signing Officer

Name
Eric Colombel
Title
Treasurer/Secretary
Phone
2123677380
Signed
2021-05-10
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Eric Colombel
Formed
2018
Legal Domicile
De
Voting Board Members
3
Independent Board Members
3
Employees
4

Preparer

Firm
Sfm Llc-tax
Address
250 WEST 55TH STREET 29TH FL, NEW YORK, NY 10019
Preparer
Michelle R Arzac
Phone
2123205497
Supplemental Narrative

Additional Explanations

Part III, Question 3

As of december 31,2020, latse, inc. Was dissolved and has completed all of its existing programs.

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IRS990/OtherSalariesAndWagesGrp/TotalAmt0563921
IRS990/OthNotesLoansReceivableNetGrp/BOYAmt00
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt00
IRS990/PartialLiquidationInd0false
IRS990/PaymentsToAffiliatesGrp/TotalAmt00
IRS990/PayPremiumsPrsnlBnftCntrctInd0false
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt06753
IRS990/PayrollTaxesGrp/ProgramServicesAmt033835
IRS990/PayrollTaxesGrp/TotalAmt040588
IRS990/PensionPlanContributionsGrp/TotalAmt00
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt00
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt00
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt00
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt00
IRS990/PrincipalOfficerNm0ERIC COLOMBEL
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgSrvcAccomActyOtherGrp/Desc0SALARIES
IRS990/ProgSrvcAccomActyOtherGrp/Desc1PAYROLL TAXES
IRS990/ProgSrvcAccomActyOtherGrp/Desc2FRINGE BENEFIT
IRS990/ProgSrvcAccomActyOtherGrp/Desc3OFFICE EXPENSE
IRS990/ProgSrvcAccomActyOtherGrp/Desc4COMPUTER EXPENSE
IRS990/ProgSrvcAccomActyOtherGrp/Desc5PAYROLL PROCESSING FEE
IRS990/ProgSrvcAccomActyOtherGrp/Desc6MISCELLANEOUS EXPENSE
IRS990/ProgSrvcAccomActyOtherGrp/Desc7PROGRAM EXPENSE
IRS990/ProgSrvcAccomActyOtherGrp/Desc8UTILITIES
IRS990/ProgSrvcAccomActyOtherGrp/Desc9TRAVEL AND MEALS
IRS990/ProgSrvcAccomActyOtherGrp/ExpenseAmt0481640
IRS990/ProgSrvcAccomActyOtherGrp/ExpenseAmt133835
IRS990/ProgSrvcAccomActyOtherGrp/ExpenseAmt21380
IRS990/ProgSrvcAccomActyOtherGrp/ExpenseAmt39513
IRS990/ProgSrvcAccomActyOtherGrp/ExpenseAmt411468
IRS990/ProgSrvcAccomActyOtherGrp/ExpenseAmt51085
IRS990/ProgSrvcAccomActyOtherGrp/ExpenseAmt62471
IRS990/ProgSrvcAccomActyOtherGrp/ExpenseAmt716196
IRS990/ProgSrvcAccomActyOtherGrp/ExpenseAmt87702
IRS990/ProgSrvcAccomActyOtherGrp/ExpenseAmt982
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt0677117
IRS990/PYExcessBenefitTransInd0false
IRS990/PYGrantsAndSimilarPaidAmt071862
IRS990/PYInvestmentIncomeAmt00
IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt00
IRS990/PYOtherExpensesAmt0101929
IRS990/PYOtherRevenueAmt04810
IRS990/PYProgramServiceRevenueAmt00
IRS990/PYRevenuesLessExpensesAmt095512
IRS990/PYSalariesCompEmpBnftPaidAmt0412624
IRS990/PYTotalExpensesAmt0586415
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0681927
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvblFromDisqualifiedPrsnGrp/BOYAmt00
IRS990/RcvblFromDisqualifiedPrsnGrp/EOYAmt00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReceivablesFromOfficersEtcGrp/BOYAmt00
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt00
IRS990/ReconcilationRevenueExpnssAmt0-95665
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/RentalIncomeOrLossGrp/PersonalAmt00
IRS990/RentalIncomeOrLossGrp/RealAmt00
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0false
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RoyaltiesGrp/TotalAmt00
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt00
IRS990/SavingsAndTempCashInvstGrp/BOYAmt00
IRS990/SavingsAndTempCashInvstGrp/EOYAmt00
IRS990ScheduleA/First5Years170Ind0X
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt0701844
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt0677117
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt045000
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt00
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt00
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt01423961
IRS990ScheduleA/GovtFurnSrvcFcltsVl170Grp/TotalAmt00
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt00
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearAmt00
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus1YearAmt04810
IRS990ScheduleA/OtherIncome170Grp/TotalAmt04810
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportTotal170Amt0138894
IRS990ScheduleA/SubstantialContributorsTotAmt01285067
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft170Grp/TotalAmt00
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0701844
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0677117
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt045000
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt00
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt00
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt01423961
IRS990ScheduleA/TotalSupportAmt01428771
IRS990ScheduleA/UnrelatedBusinessNetIncm170Grp/TotalAmt00
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd0true
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/RegionTotalExpendituresAmt049482
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/RegionTxt0East Asia and the Pacific
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/SpecificServicesProvidedTxt0Grants/scholarships
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/TypeOfActivitiesConductedTxt0Program Services
IRS990ScheduleF/BoycottCountriesInd0false
IRS990ScheduleF/ForeignCorpOwnershipInd0false
IRS990ScheduleF/ForeignIndividualsGrantsGrp/CashGrantAmt039482
IRS990ScheduleF/ForeignIndividualsGrantsGrp/MannerOfCashDisbursementTxt0CHECK
IRS990ScheduleF/ForeignIndividualsGrantsGrp/RecipientCnt02
IRS990ScheduleF/ForeignIndividualsGrantsGrp/RegionTxt0East Asia and the Pacific
IRS990ScheduleF/ForeignIndividualsGrantsGrp/TypeOfAssistanceTxt0scholarship
IRS990ScheduleF/ForeignPartnershipInd0false
IRS990ScheduleF/GrantRecordsMaintainedInd0true
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/CashGrantAmt010000
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/MannerOfCashDisbursementTxt0CHECK
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/PurposeOfGrantTxt0see part V
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/RegionTxt0East Asia and the Pacific
IRS990ScheduleF/InterestInForeignTrustInd0false
IRS990ScheduleF/PassiveForeignInvestmestCoInd0false
IRS990ScheduleF/SubtotalSpentAmt049482
IRS990ScheduleF/SupplementalInformationDetail/ExplanationTxt0WHERE APPROPRIATE AND REQUIRED BY LAW, THE CHARITY WILL ENTER INTO GRANT AGREEMENTS WITH GRANTEES SPECIFYING THE USE TO BE MADE OF THE GRANT AND WILL REQUIRE REPORTS FROM GRANTEES REGARDING EXPENDITURE AND USE OF THE GRANT FUNDS. THE CHARITY RETAINS COPIES OF ALL GRANT CONTRACTS AND AWARD LETTERS IN ITS FILES.
IRS990ScheduleF/SupplementalInformationDetail/ExplanationTxt1Grant #1 (Tibet Heritage Fund) - To be used for the second phase of the project "Artisans, Artistis, and Architects House": preserving traditional crafts in Tibetan and Himalaya regions
IRS990ScheduleF/SupplementalInformationDetail/FormAndLineReferenceDesc0PART I, QUESTION 2
IRS990ScheduleF/SupplementalInformationDetail/FormAndLineReferenceDesc1PART II, Line 1, Column D purpose of Grant
IRS990ScheduleF/Total501c3OrgCnt01
IRS990ScheduleF/TotalOtherOrgCnt00
IRS990ScheduleF/TotalSpentAmt049482
IRS990ScheduleF/TransferToForeignCorpInd0false
IRS990ScheduleJ/AnyNonFixedPaymentsInd0false
IRS990ScheduleJ/CompBasedOnRevenueOfFlngOrgInd0false
IRS990ScheduleJ/CompBsdNetEarnsFlngOrgInd0false
IRS990ScheduleJ/CompBsdNetEarnsRltdOrgsInd0false
IRS990ScheduleJ/CompBsdOnRevRelatedOrgsInd0false
IRS990ScheduleJ/EquityBasedCompArrngmInd0false
IRS990ScheduleJ/InitialContractExceptionInd0false
IRS990/ScheduleJRequiredInd0true
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt052000
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt150600
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt02814

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