Lara Classics INC

Tax-deductible

Cambridge, MA501(c)(3)Arts & CultureEIN 22-2721948

Making educational historical films they are widely used in universities and schools to teach about the middle ages and 19th century immigration.

501(c)(3) charity; gifts are tax-deductible.
100¢ of each $1 spent went to programs.
Run by 5 volunteers.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · People: Part I, lines 5–6

Before you give

FY2023 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
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 $11K a year · 92% of revenue · last 4 filings
Concern: a surplus in 1 of the last 4 filings.
Pt I · Ln 19 · 4 filings
Spent on programs
100%
of spending
Looks good: 100% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
<1 mo
of spending, in cash
Concern: 0.3 months of spending in cash; under 2 weeks.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$44K
×21 of total assets
Concern: liabilities are 2100% of assets; over 80%.
Pt X · Ln 26
Independent board members
5
of 5 voting members
Looks good: 5 of 5 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$45K
×22 vs prior year
Spent
$80K
To programs
100%
Net assets
−$42K
By yearFY2020–FY2023
Revenue
$45K
FY2023▲ ×22
Revenue by fiscal year
FY2020$896
FY2021$1K
FY2022$2K
FY2023$45K
Expenses
$80K
FY2023▲ ×18
Expenses by fiscal year
FY2020$10K
FY2021$59
FY2022$5K
FY2023$80K
Net assets
−$42K
FY2023▼ -562%
Net assets by fiscal year
FY2020−$5K
FY2021−$4K
FY2022−$6K
FY2023−$42K

From the FY2023 Form 990 · see the original

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2023. IRS ruling in Mar 1987.

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

Where the money goes

100 cents of each dollar spent went to programs.

Program services 100% · $80K

Form 990 Part IX, line 25. Every line is in By the numbers.

Who runs it and what they're paid

6 people listed on the 990.

Part VII, Section A · reportable compensation
President
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
See Lara Classics INC executive salaries →

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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 15aNo
  • Loans to or from officersSch L · Pt II1 listed

Programs and updates

Creates historical films about the Middle Ages and immigration for educational use.

Provided by the organization

This section is blank until Lara Classics INC claims this page.

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1 program service account for $80K of program spending, described in the organization's own filed words · FY2023.
01

To educate the public in and foster and develop public appreciation of history by producing quality historical films and plays and supporting filmmakers and plays through grants

$80Kprogram expense

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Funders

Who pays for it.

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

Grants

Schedule I · this organization's grantmaking
Grants paid · 1 grant · $80K · 2023–2023
Yiddishkayt Initiative INCFL · FY2023$80,000

By the numbers

The FY2023 990, line by line.

1The main four
Money inPt VIII
$45K
Ln 12
Gifts and grantsLn 1h$44K
Fees for servicesLn 2g$878
Investment incomeLn 3$3
Money outPt IX
$80K
Ln 25
Programscol B$80K
Owns and owesPt X
−$42K
net assets · Ln 32
Cash and savingsLn 1–2$2K
Total assetsLn 16$2K
LiabilitiesLn 26$44K
PeoplePt VI, VII
6
listed · VII A
PaidVII A0
Voting boardVI 1a5
IndependentVI 1b5
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$44K
Fees for servicesLn 2g$878
Investment incomeLn 3$3
Total revenueLn 12$45K
Assets in detailPt X, end of year
CashLn 1$2K
Cash and savings togetherLn 1–2$2K
Total assetsLn 16$2K
LiabilitiesLn 26$44K
Net assetsLn 32−$42K
OperationsPt I, VI
EmployeesI 50
VolunteersI 65
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY23End FY23
Cash and savingsLn 1–2$82K$2K
Total assetsLn 16$82K$2K
LiabilitiesLn 26$88K$44K
Net assetsLn 32−$6K−$42K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$80K$80K
Other expenses (24a–d)Ln 24$139$139$0$0
Total functional expensesLn 25$80K$80K$0$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2023 Latest Viewing $45K$80K−$35K−$42K 990 PDF
FY2022 $2K$5K−$3K−$6K 990 PDF
FY2021 $1K$59$1K−$4K 990 PDF
FY2020 $896$10K−$9K−$5K 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2023 990 (4 parts)
Part VIII · Statement of revenue $44,881 across 5 lines filed
VIII-1f All other contributions, gifts and grants$44,000
VIII-1h Total contributions, gifts and grants$44,000
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Unrelated business $0 · Excluded from tax $0$878
VIII-3 Investment incomeUnrelated business $0 · Excluded from tax $0$3
VIII-12 Total revenueRelated to mission $881 · Unrelated business $0 · Excluded from tax $0$44,881
Part IX · Statement of functional expenses $80,139 across 2 lines filed
IX-1 Grants to domestic organizationsPrograms $80,000$80,000
IX-24 Other expenses (24a–d)Programs $139 · Management $0 · Fundraising $0$139
IX-25 Total functional expensesPrograms $80,139 · Management $0 · Fundraising $0$80,139
Part X · Balance sheet $2,173 assets, 5 lines filed
X-1 Cash, non-interest-bearingStart of year $81,681$2,173
X-16 Total assetsStart of year $81,681$2,173
X-26 Total liabilitiesStart of year $88,000$44,000
X-32 Total net assets or fund balancesStart of year −$6,319−$41,827
X-33 Total liabilities and net assetsStart of year $81,681$2,173
Part XI · Reconciliation of net assets −$41,827 net assets at year end
XI-1 Total revenue$44,881
XI-2 Total expenses$80,139
XI-3 Revenue less expenses−$35,258
XI-4 Net assets at start of year−$6,319
XI-10 Net assets at end of year−$41,827

Form 990 e-file (XML) FY2023 from the IRS · Classification, formation year and address from the IRS Business Master File

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