Civic Intelligence

Laal Nyc

990 • Fiscal year 2023 • EIN 83-2947989

Aug 01, 2022 to Jul 31, 2023 • Filed on Jun 06, 2024

249 E Mosholu StBronx, NY 10467

(347) 501-3027

Siviq Scores

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

Liabilities / Assets

62nd percentile

0.06x

Higher debt load relative to assets than 62% of similar nonprofits.

2023 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2023

Liabilities / Revenue

51st percentile

0.02x

Higher debt load relative to revenue than 51% of similar nonprofits.

2023 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2023

Net Margin

60th percentile

9.9%

Higher net margin than 60% of similar nonprofits.

2023 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2023

Top Officer Pay

79th percentile

$77,000

Higher top officer pay than 79% of similar nonprofits.

Top officer pay equals 13.2% of source-year revenue.

2023 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2023

Asset Growth

86th percentile

42%

Faster asset growth than 86% of similar nonprofits.

2023 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2022 to 2023

Revenue Growth

74th percentile

34%

Faster revenue growth than 74% of similar nonprofits.

2023 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2022 to 2023

Assets

Up

$215,228

Up $63,624 (+42%) from 2022

Net Assets

Up

$202,866

Up $117,855 (+139%) from 2022

Liabilities

Down

$12,362

Down $54,231 (-81%) from 2022

Revenue

Up

$582,675

Up $148,321 (+34%) from 2022

Expenses

Up

$524,820

Up $138,600 (+36%) from 2022

Net Income

Up

$57,855

Up $9,721 (+20%) from 2022

Historical Trend

Balance Sheet Trend

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

$600K$400K$200K$0Assets 2020: $53,928Liabilities 2020: $3,291Net Assets 2020: $50,6372020Assets 2021: $104,957Liabilities 2021: $68,080Net Assets 2021: $36,8772021Assets 2022: $151,604Liabilities 2022: $66,593Net Assets 2022: $85,0112022Assets 2023: $215,228Liabilities 2023: $12,362Net Assets 2023: $202,8662023Assets 2024: $431,348Liabilities 2024: $75,389Net Assets 2024: $355,9592024

Highlighted filing

2023

Assets$215,228
Liabilities$12,362
Net Assets$202,866

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$800K$600K$400K$200K$0-$200KRevenue 2020: $148,896Expenses 2020: $101,992Net Income 2020: $46,9042020Revenue 2021: $258,762Expenses 2021: $271,862Net Income 2021: -$13,1002021Revenue 2022: $434,354Expenses 2022: $386,220Net Income 2022: $48,1342022Revenue 2023: $582,675Expenses 2023: $524,820Net Income 2023: $57,8552023Revenue 2024: $709,234Expenses 2024: $602,314Net Income 2024: $106,9202024

Highlighted filing

2023

Revenue$582,675
Expenses$524,820
Net Income$57,855
Jump To
Filing Snapshot
Filing Period
Aug 1, 2022 to Jul 31, 2023
Signed
Jun 6, 2024
Return Version
2022v5.0
Gross Receipts
$583,826
Mission and Program Overview

Mission

Laal provides resources that Bengali womxn need to live healthy engaged joyful lives.

Balance Sheet Detail
LineBeginningEndChange
Assets
Pledges and Grants Receivable$70,000$156,680▲ $86,680
Cash and Non-Interest-Bearing Accounts$70,182$51,480▼ $18,702
Accounts Receivable$4,282$0▼ $4,282
Prepaid Expenses and Deferred Charges$4,340$4,268▼ $72
Savings and Temporary Cash Investments$0$0→ $0
Other Notes and Loans Receivable, Net$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
Total Assets$151,604$215,228▲ $63,624
Other Assets Total$2,800$2,800→ $0
Liabilities
Accounts Payable and Accrued Expenses$171$12,362▲ $12,191
Other Liabilities$6,422$0▼ $6,422
Grants Payable$0$0→ $0
Mortgage Notes Payable Secured by Investment Property$0$0→ $0
Unsecured Notes Loans Payable$0$0→ $0
Deferred Revenue$0$0→ $0
Escrow Account Liability$0$0→ $0
Tax Exempt Bond Liabilities$0$0→ $0
Total Liabilities$6,593$12,362▲ $5,769
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$68,087$140,366▲ $72,279
Net Assets With Donor Restrictions$76,924$62,500▼ $14,424
Total Net Assets Fund Balance$145,011$202,866▲ $57,855
Total Liabilities and Net Assets / Fund Balance$151,604$215,228▲ $63,624
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Sanjana KhanExecutive DirectorFT$77,000$77,000

Board Members and Trustees

NameTitle
Bushra AlamBoard Member
Denise WhartonBoard Member
Kristen GaerlanBoard Member
Nasreena AhmedBoard Member
Palika PakumBoard Member
Revenue and Support

Revenue Composition

Contributions and Grants
$577,100
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$5,575
All Other Contributions
$385,500
Change in Net Assets
$57,855
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$359,147
Other Expenses$156,635
Total Fundraising Expense$45,984
Professional Fundraising Fees$9,038
Grants and Similar Amounts Paid$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$179,066$40,766$20,384$240,216
Current Officers, Directors, Trustees, and Key Employees$0$0$0$77,000
Fees for Services Accounting$27,231$16,549$9,038$43,780
Occupancy$25,888$4,701$1,448$32,037
Payroll Taxes$22,674$2,844$2,924$28,442
Insurance$21,281$2,669$2,744$26,694
Office Expenses$9,488$5,627$2,276$17,391
Other Employee Benefits$10,753$1,349$1,387$13,489
All Other Expenses$6,761$2,489$1,195$10,445
Fees for Services Professional Fundraising--$0$9,038
Travel$1,667$4,103$2,554$8,324
Conferences and Meetings$2,986$1,591$1,009$5,586
Information Technology$0$1,583$1,025$2,608
Total Functional Expenses$316,715$85,121$45,984$524,820
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$9,038
Fundraising Gross Income$6,488
Fundraising Direct Expenses$831
Gaming Direct Expenses$0
Gaming Gross Income$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
No
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, Line 11B

The 990 is reviewed and approved by the Board before being signed and submitted to the IRS.

Part VI, Line 12C

Laal has a conflict of interest policy that is communicated to all employees. Laal requests that all employees especially officers and directors comply with the requirements of the conflict of interest policy and disclose immediately any potential conflicts. Additionally Laal distributes on an annual basis a questionnaire to be completed by all of its officers directors and key employees. This questionnaire requires the respondent to disclose any family and or business relationships with other Laal personnel. Laal retains the distributed questionnaire. To date there have been no conflicts of interest whatsoever.

Part VI, Line 15

Process of establishing compensation for Executive Director Sanjana Khan. Board holds meeting once per year in June or July to discuss compensation for Sanjana Khan Executive Director. Majority of all Board Members must vote compensation amount for the fiscal year.

Part VI, Line 19

Laal makes its Form 990 available to the public at its place of business as well as accessible at GuideStar.org. Likewise its governing documents conflict of interest policy and financial statements are available to the public at its place of business.

Filing and Contact Details

Filer

Filer Name
Laal Nyc
EIN
83-2947989
In Care Of
% SANJANA KHAN
Phone
3475013027
Address
249 E Mosholu St, BRONX, NY 10467

Signing Officer

Name
Sanjana Khan
Title
Executive Director
Signed
2024-06-06
Discuss with paid preparer
No

Organization Details

Principal Officer
Sanjana Khan
Formed
2018
Legal Domicile
Ny
Voting Board Members
6
Independent Board Members
6
Employees
0
Volunteers
0

Preparer

Preparer
Taher Al Suqi
Supplemental Narrative

Additional Explanations

Part III, Line 4D

| Description:, Expense Amount:, Grants Amount:, Revenue Amount:| -Laals Reproductive Justice Initiative RJI is a three-year-long community-led health advocacy and research project that seeks to advance understanding of barriers to accessing reproductive health services for Bangladeshi womxn in Norwood. . -Laal has partnered with NYC's Test & Trace Program and Dhaka Discount Grocery in Norwood to hold a food pantry with generous support from the New York Foundation. -This womxns only support group in Norwood Laal Mohila Shomiti will allow womxn to come together and address the problems they are facing the concerns that they have and possible solutions that would work for them all in a safe space., $41117, $0, $0|

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