Civic Intelligence

Latse Inc

990 • Fiscal year 2019 • EIN 83-1853249

Jan 01, 2019 to Dec 31, 2019 • Filed on Nov 12, 2020

132 Perry Street Suite 2BNew York, NY 10014

(212) 367-8490

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

63rd percentile

0.09x

Higher debt load relative to assets than 63% of similar nonprofits.

2019 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2019

Liabilities / Revenue

42nd percentile

0.01x

Higher debt load relative to revenue than 42% of similar nonprofits.

2019 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2019

Net Margin

70th percentile

14%

Higher net margin than 70% of similar nonprofits.

2019 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2019

Top Officer Pay

89th percentile

$109,628

Higher top officer pay than 89% of similar nonprofits.

Top officer pay equals 16.1% of source-year revenue.

2019 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2019

Asset Growth

100th percentile

68831%

Faster asset growth than 100% of similar nonprofits.

2019 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2018 to 2019

Revenue Growth

100th percentile

1410%

Faster revenue growth than 100% of similar nonprofits.

2019 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2018 to 2019

Assets

Up

$105,465

Up $105,312 (+68831%) from 2018

Net Assets

$95,665

No earlier filing loaded for comparison.

Liabilities

Up

$9,800

Up $9,800 from 2018

Revenue

Up

$681,927

Up $636,774 (+1410%) from 2018

Expenses

Up

$586,415

Up $541,415 (+1203%) from 2018

Net Income

Up

$95,512

Up $95,359 (+62326%) from 2018

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$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

2019

Assets$105,465
Liabilities$9,800
Net Assets$95,665

Operations Trend

Revenue, expenses, and net income across loaded years, with this 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

2019

Revenue$681,927
Expenses$586,415
Net Income$95,512
Jump To
Filing Snapshot
Filing Period
Jan 1, 2019 to Dec 31, 2019
Signed
Nov 12, 2020
Return Version
2019v5.1
Gross Receipts
$681,927
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$153$100,655▲ $100,502
Accounts Receivable$0$4,810▲ $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$153$105,465▲ $105,312
Other Assets Total$0$0→ $0
Liabilities
Accounts Payable and Accrued Expenses$0$9,800▲ $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$0$9,800▲ $9,800
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$153$95,665▲ $95,512
Net Assets With Donor Restrictions$0$0→ $0
Total Net Assets Fund Balance$153$95,665▲ $95,512
Total Liabilities and Net Assets / Fund Balance$153$105,465▲ $105,312
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Kristina Dy-liaccoManaging DirectorFT$104,000$5,628$109,628
Pema BhumPrograms DirectorFT$101,200$5,628$106,828

Board Members and Trustees

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

Revenue Composition

Contributions and Grants
$677,117
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$4,810
All Other Contributions
$677,117
Change in Net Assets
$95,512
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$412,624
Other Expenses$101,929
Grants and Similar Amounts Paid$71,862
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$310,650$69,143-$379,793
Foreign Grants$71,862--$71,862
Information Technology$22,874$7,624-$30,498
Payroll Taxes$25,122$5,274-$30,396
Fees for Services Accounting-$19,658-$19,658
Occupancy$12,200$4,067-$16,267
Insurance-$9,893-$9,893
Office Expenses$8,632--$8,632
Other Expenses$4,554$3,497-$4,554
Other Employee Benefits$1,623$812-$2,435
Fees for Services Other$1,496$498-$1,994
Travel$1,758--$1,758
Total Functional Expenses$465,949$120,466$0$586,415
International Activity

International Summary

Spending
$71,862

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--$71,862
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 1024 and 990 available to the public upon request.

Filing and Contact Details

Filer

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

Signing Officer

Name
Eric Colombel
Title
Director
Phone
2123677380
Signed
2020-11-12
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
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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/Desc9EVENT EXPENSE
IRS990/ProgSrvcAccomActyOtherGrp/Desc10TRAVEL AND MEALS
IRS990/ProgSrvcAccomActyOtherGrp/ExpenseAmt0310650
IRS990/ProgSrvcAccomActyOtherGrp/ExpenseAmt125122
IRS990/ProgSrvcAccomActyOtherGrp/ExpenseAmt21623
IRS990/ProgSrvcAccomActyOtherGrp/ExpenseAmt38632
IRS990/ProgSrvcAccomActyOtherGrp/ExpenseAmt422874
IRS990/ProgSrvcAccomActyOtherGrp/ExpenseAmt51496
IRS990/ProgSrvcAccomActyOtherGrp/ExpenseAmt6152
IRS990/ProgSrvcAccomActyOtherGrp/ExpenseAmt74554
IRS990/ProgSrvcAccomActyOtherGrp/ExpenseAmt812200
IRS990/ProgSrvcAccomActyOtherGrp/ExpenseAmt95026
IRS990/ProgSrvcAccomActyOtherGrp/ExpenseAmt101758
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt045153
IRS990/PYExcessBenefitTransInd0false
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt00
IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt00
IRS990/PYOtherExpensesAmt045000
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt00
IRS990/PYRevenuesLessExpensesAmt0153
IRS990/PYSalariesCompEmpBnftPaidAmt00
IRS990/PYTotalExpensesAmt045000
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt045153
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvblFromDisqualifiedPrsnGrp/BOYAmt00
IRS990/RcvblFromDisqualifiedPrsnGrp/EOYAmt00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReceivablesFromOfficersEtcGrp/BOYAmt00
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt00
IRS990/ReconcilationRevenueExpnssAmt095512
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/CurrentTaxYearAmt0677117
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt045000
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt00
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt00
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt00
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt0722117
IRS990ScheduleA/GovtFurnSrvcFcltsVl170Grp/TotalAmt00
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt00
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearAmt04810
IRS990ScheduleA/OtherIncome170Grp/TotalAmt04810
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportTotal170Amt096977
IRS990ScheduleA/SubstantialContributorsTotAmt0625140
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft170Grp/TotalAmt00
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0677117
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt045000
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt00
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt00
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt00
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt0722117
IRS990ScheduleA/TotalSupportAmt0726927
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/RegionTotalExpendituresAmt071862
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/RegionTxt0East Asia and the Pacific
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/SpecificServicesProvidedTxt0Grants/scholarships
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/TypeOfActivitiesConductedTxt0Program Services
IRS990ScheduleF/BoycottCountriesInd0false
IRS990ScheduleF/ForeignCorpOwnershipInd0false
IRS990ScheduleF/ForeignIndividualsGrantsGrp/CashGrantAmt022723
IRS990ScheduleF/ForeignIndividualsGrantsGrp/MannerOfCashDisbursementTxt0check
IRS990ScheduleF/ForeignIndividualsGrantsGrp/RecipientCnt01
IRS990ScheduleF/ForeignIndividualsGrantsGrp/RegionTxt0East Asia and the Pacific
IRS990ScheduleF/ForeignIndividualsGrantsGrp/TypeOfAssistanceTxt0scholarship
IRS990ScheduleF/ForeignPartnershipInd0false
IRS990ScheduleF/GrantRecordsMaintainedInd0true
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/CashGrantAmt040569
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/CashGrantAmt18570
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/MannerOfCashDisbursementTxt0check
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/MannerOfCashDisbursementTxt1check
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/PurposeOfGrantTxt0see part V
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/PurposeOfGrantTxt1see part v
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/RegionTxt0East Asia and the Pacific
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/RegionTxt1East Asia and the Pacific
IRS990ScheduleF/InterestInForeignTrustInd0false
IRS990ScheduleF/PassiveForeignInvestmestCoInd0false
IRS990ScheduleF/SubtotalSpentAmt071862
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 Grant #2 (Jamo Mobile Library) - To encourage Tibetan language use and literacy in rural communities with little or no access to library services
IRS990ScheduleF/SupplementalInformationDetail/FormAndLineReferenceDesc0PART I, QUESTION 2
IRS990ScheduleF/SupplementalInformationDetail/FormAndLineReferenceDesc1PART II, Line 1, Column D purpose of Grant
IRS990ScheduleF/Total501c3OrgCnt01
IRS990ScheduleF/TotalOtherOrgCnt01
IRS990ScheduleF/TotalSpentAmt071862
IRS990ScheduleF/TransferToForeignCorpInd0false
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0A COPY OF THE FINAL VERSION OF FORM 990 WAS PROVIDED TO EACH BOARD MEMBER FOR REVIEW PRIOR TO FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE 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.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE FOUNDATIONS'S OFFICERS AND DIRECTORS RECEIVE NO COMPENSATION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE FOUNDATION'S BOARD DETERMINES THE COMPENSATION FOR OTHER OFFICERS AND KEY EMPLOYEES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE ORGANIZATION MAKES A COPY OF ITS GOVERNING DOCUMENTS AND OTHER MATERIALS THAT WERE ATTACHED TO ITS FORM 1024 AND 990 AVAILABLE TO THE PUBLIC UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0PART VI, SECTION B, QUESTION 11B:
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1PART VI, SECTION B, QUESTION 12C:
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2PART VI, SECTION B, QUESTION 15A:
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3PART VI, SECTION B, QUESTION 15B:
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4PART VI, SECTION C, QUESTION 19:

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