Laspau INC FY2022 filing

Cambridge, MAUnknown exempt organizationSince 1964 EIN 04-6151880Revenue $9.0M in FY2022

On file with the IRSlaspau.harvard.edu25 Mount Auburn Street Suite 200 · Cambridge, MA

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Laspau connects individuals and institutions with opportunities to enhance the quality and impact of higher education in the americas. We see our work as critical for fostering knowledge-based, inclusive societies throughout the americas.

89¢ of each $1 spent went to programs.
$335K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Programs: Part IX · Pay: Part VII

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FY2022 · Form 990Independent: from IRS data, not the org
Download 990
Latest return
FY2023
latest Form 990
Fine: the latest return is for FY2023, 3 tax years back; within 3 tax years.
IRS e-file · Filing history
Surplus or deficit
1 of 4
filings with a surplus
Average deficit $156K a year · 2% of revenue · last 4 filings
Concern: a surplus in 1 of the last 4 filings.
Pt I · Ln 19 · 4 filings
Spent on programs
89%
of spending
Looks good: 89% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$335K
to officers and key staff · 4% of spending
Looks good: pay to officers and key staff is 4% of spending; 15% or less.
Pt VII · Sec A
9 mo
of spending, in cash
Looks good: 9.4 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $14
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$8.3M
92% of total assets
Concern: liabilities are 92% of assets; over 80%.
Pt X · Ln 26
Independent board members
13
of 13 voting members
Looks good: 13 of 13 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$9.0M
-9% vs prior year
Spent
$9.4M
To programs
89%
Net assets
$751K
By yearFY2020–FY2023
Revenue
$9.0M
FY2022▼ -9%
Tap a bar for its year
Revenue by fiscal year
FY2020$10.9M
FY2021$9.9M
FY2022$9.0M
FY2023$7.0M
Expenses
$9.4M
FY2022▼ -7%
Tap a bar for its year
Expenses by fiscal year
FY2020$10.1M
FY2021$10.1M
FY2022$9.4M
FY2023$7.8M
Net assets
$751K
FY2022▼ -35%
Tap a bar for its year
Net assets by fiscal year
FY2020$1.4M
FY2021$1.2M
FY2022$751K
FY2023$0

From the FY2022 Form 990 · figures checked against the IRS filing · see the original

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You’re viewing the FY2022 filing — not the latest on file. See the latest (FY2023) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2023.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

89 cents of each dollar spent went to programs.

Program services 89% · $8.4M Management & general 11% · $1.0M Fundraising 0% · $3K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

18 people listed on the 990; $335K paid to officers and key staff.

Part VII, Section A · reportable compensation
Ex-Officio, Executive Director
$148,565Pt VII · Sec A
Deputy Director
$113,315Pt VII · Sec A
Associate Director of Finance
$45,981Pt VII · Sec A
Associate Director of Finance
$26,700Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Trustee (left 10/22)
$0Pt VII · Sec A

Compensation history total reportable pay by year · 6 named individuals · Part VII

NameFY2023FY2022FY2021FY2020
Angelica Natera$457,820$148,565$143,866$147,276
Ellen Kranzer$432,191———
Lisa Tapiero$354,740———
Eugenia Garduno$193,930$113,315——
Cheryl Eagan-Donovan$109,721$26,700——
Lisa Tobias—$45,981$93,372$94,427

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Connects people and institutions to improve higher education quality and impact across the Americas.

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Provided by the organization

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3 programs · $8.4M · in their own filed words · FY2022
01

Scholarship programs for students from around central and south america and the caribbean to study outside their home country. Includes but is not limited to the fulbright program, which provides grants for individual graduate study in the united states.

$7.7Mprogram expense
02

University innovation programs that focus on improving the quality of higher education institutions through innovation in leadership & governance, teaching & learning, and quality assurance.

$554Kprogram expense
03

Paep testing program, a standardized, spanish-language exam designed for the assessment of graduate program candidates.

$160Kprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · received and paid
Grants received · FY2023
Total grants receivedfrom 1 funder$14
Grants paid · 5 grants · $22.2M · 2020–2023
Unitemized GrantFY2023$4,249,429
Unitemized GrantFY2022$5,894,340
Unitemized GrantFY2021$5,793,642
Unitemized GrantFY2020$6,079,106

By the numbers

The FY2022 990, line by line.

1The main four
Money inPt VIII
$9.0M
Ln 12
Gifts and grantsLn 1h$6.0M
Fees for servicesLn 2g$2.8M
Other incomeLn 4–11$166K
Money outPt IX
$9.4M
Ln 25
Programscol B$8.4M
Managementcol C$1.0M
Fundraisingcol D$3K
Owns and owesPt X
$751K
net assets · Ln 32
Cash and savingsLn 1–2$7.4M
Total assetsLn 16$9.1M
LiabilitiesLn 26$8.3M
PeoplePt VI, VII
18
listed · VII A
PaidVII A4
Voting boardVI 1a13
IndependentVI 1b13
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$6.0M
Government grantsLn 1e$5.8M
Fees for servicesLn 2g$2.8M
Investment incomeLn 3$82K
Other incomeLn 4–11$166K
Total revenueLn 12$9.0M
Assets in detailPt X, end of year
CashLn 1$194K
SavingsLn 2$7.2M
Cash and savings togetherLn 1–2$7.4M
Land, buildings, equipmentLn 10c$26K
Other assetsLn 15$640K
Total assetsLn 16$9.1M
LiabilitiesLn 26$8.3M
Net assetsLn 32$751K
OperationsPt I, VI
EmployeesI 534
VolunteersI 622
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY22End FY22
Cash and savingsLn 1–2$8.2M$7.4M
Land, buildings, equipmentLn 10c$49K$26K
Total assetsLn 16$9.2M$9.1M
LiabilitiesLn 26$8.0M$8.3M
Net assetsLn 32$1.2M$751K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic individualsLn 2$5.9M$5.9M
Pay of current officers, directors and key staffLn 5$410K$107K$303K$477
Other salaries and wagesLn 7$1.5M$1.2M$331K$1K
Other employee benefitsLn 9$642K$476K$165K$788
Legal feesLn 11b$48K$33K$15K
Accounting feesLn 11c$34K$34K
Other fees for servicesLn 11g$250K$250K$150
Advertising and promotionLn 12$47K$35K$12K$36
Office expensesLn 13$28K$20K$8K$25
Information technologyLn 14$177K$129K$47K$146
OccupancyLn 16$274K$180K$94K$289
TravelLn 17$46K$46K$240$1
Depreciation, depletion and amortizationLn 22$23K$16K$7K$21
Other expenses (24a–d)Ln 24$41K$28K$13K$49
Total functional expensesLn 25$9.4M$8.4M$1.0M$3K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2023 Latest $7.0M$7.8M−$804K$0 990 PDF
FY2022 Viewing $9.0M$9.4M−$403K$751K 990 PDF
FY2021 $9.9M$10.1M−$222K$1.2M 990 PDF
FY2020 $10.9M$10.1M$806K$1.4M 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants O · Explanations
See the full FY2022 990 (6 parts)
Part I · Summary $9,015,750 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $6,880,011$5,995,171
I-9 Program service revenuePrior year $2,741,981$2,772,144
I-10 Investment incomePrior year $872$81,982
I-11 Other revenuePrior year $239,651$166,453
I-12 Total revenuePrior year $9,862,515$9,015,750
I-13 Grants and similar amounts paidPrior year $6,350,972$5,894,340
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $2,553,499$2,556,360
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $1,180,026$967,699
I-18 Total expensesPrior year $10,084,497$9,418,399
I-19 Revenue less expensesPrior year −$221,982−$402,649
Part VI · Governance 13 of 13 board members independent, no flags
VI-1a Voting members of the governing body13
VI-1b Independent voting members13
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $9,015,750 across 6 lines filed
Lines not itemized here account for $166,453 of total revenue; see the IRS return.
VIII-1e Government grants$5,770,377
VIII-1f All other contributions, gifts and grants$224,794
VIII-1h Total contributions, gifts and grants$5,995,171
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $2,772,144$2,772,144
VIII-3 Investment incomeExcluded from tax $81,982$81,982
VIII-12 Total revenueRelated to mission $2,938,597 · Unrelated business $0 · Excluded from tax $81,982$9,015,750
Part IX · Statement of functional expenses $9,418,399 across 14 lines filed
IX-2 Grants to domestic individualsPrograms $5,894,340$5,894,340
IX-5 Pay of current officers, directors and key staffPrograms $106,673 · Management $303,104 · Fundraising $477$410,254
IX-7 Other salaries and wagesPrograms $1,171,799 · Management $331,451 · Fundraising $1,197$1,504,447
IX-9 Other employee benefitsPrograms $476,323 · Management $164,548 · Fundraising $788$641,659
IX-11b Legal feesPrograms $32,785 · Management $15,067$47,852
IX-11c Accounting feesManagement $34,200$34,200
IX-11g Other fees for servicesPrograms $250,106 · Fundraising $150$250,256
IX-12 Advertising and promotionPrograms $34,980 · Management $11,541 · Fundraising $36$46,557
IX-13 Office expensesPrograms $20,086 · Management $8,106 · Fundraising $25$28,217
IX-14 Information technologyPrograms $129,341 · Management $47,391 · Fundraising $146$176,878
IX-16 OccupancyPrograms $180,356 · Management $93,796 · Fundraising $289$274,441
IX-17 TravelPrograms $45,611 · Management $240 · Fundraising $1$45,852
IX-22 Depreciation, depletion and amortizationPrograms $16,138 · Management $6,748 · Fundraising $21$22,907
IX-24 Other expenses (24a–d)Programs $27,927 · Management $12,563 · Fundraising $49$40,539
IX-25 Total functional expensesPrograms $8,386,465 · Management $1,028,755 · Fundraising $3,179$9,418,399
Part X · Balance sheet $9,089,031 assets, 17 lines filed
X-1 Cash, non-interest-bearingStart of year $352,581$194,068
X-2 Savings and temporary cash investmentsStart of year $7,860,728$7,167,869
X-3 Pledges and grants receivableStart of year $100,234$341,956
X-4 Accounts receivableStart of year $129,881$26,780
X-8 Inventories for sale or useStart of year $14,378$11,736
X-9 Prepaid expenses and deferred chargesStart of year $665,221$679,965
X-10c Land, buildings and equipment, netStart of year $49,327$26,420
X-15 Other assetsStart of year $0$640,237
X-16 Total assetsStart of year $9,172,350$9,089,031
X-17 Accounts payable and accrued expensesStart of year $354,012$363,327
X-19 Deferred revenueStart of year $7,371,376$7,063,221
X-25 Other liabilitiesStart of year $293,134$911,304
X-26 Total liabilitiesStart of year $8,018,522$8,337,852
X-27 Net assets without donor restrictionsStart of year $666,862$264,213
X-28 Net assets with donor restrictionsStart of year $486,966$486,966
X-32 Total net assets or fund balancesStart of year $1,153,828$751,179
X-33 Total liabilities and net assetsStart of year $9,172,350$9,089,031
Part XI · Reconciliation of net assets $751,179 net assets at year end
XI-1 Total revenue$9,015,750
XI-2 Total expenses$9,418,399
XI-3 Revenue less expenses−$402,649
XI-4 Net assets at start of year$1,153,828
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$751,179

Form 990 e-file (XML) FY2022 from the IRS · Classification, formation year and address from the IRS Business Master File

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