Lasos EIN 26-4503259

Lasos

Not yet claimed Claim this org →

Offers adult literacy, ESL, financial, citizenship, and family programs for non-native English speakers. For fiscal year 2025 it reported $527K in revenue, $533K in expenses, and $122K in net assets.Pt I

Type
Public charity (501(c)(3)) · Human Services
Location
Bel Air, MD
Website
www.lasos.org
Filings
4 on file (2021–2025)
Revenue
$527KFY2025
Expenses
$533K
Net assets
$122K
People
5
Filings
4
Updates
0
More identity details & actions ⌄
EIN  26-4503259 Public charity (501(c)(3)) Bel Air, MD
Form 990 (PDF)
Compare with another nonprofit →
Is this your organization?
Claim this profile to manage it and share your story.
Claim
Provided by the organization

This section is blank until Lasos claims this page.

Know this organization? Claim it to add your story

Size
$100K–1M
What they do
Offers adult literacy, ESL, financial, citizenship, and family programs for non-native English speakers.
Leadership
Melynda Velez · Executive Dir. · $63K
Money in and out
$527K revenue, $533K expenses
Bottom line
79% program efficiency
Where the money goes · FY2025
Total revenue
$527K
Pt VIII · Ln 12
Total expenses
$533K
Pt IX · Ln 25
Net assets
$122K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): −$5K
Where spending went · Part IX cols B–D
Program services $0.79 Management & general $0.17 Fundraising $0.04
Program efficiency
79%
of spending reaches programs▲ +2% vs prior filing year
Operating runway
0.1mo
months of highly liquid reserves at operating expense rate▼ -95% vs prior filing year
Surplus margin
-1%
revenue over expenses, this year▼ -107% vs prior filing year

Summary of the Filing

Part I · fiscal year 2025 · Form 990
Revenue
$527K
FY2025▲ +51%
Expenses
$533K
FY2025▲ +78%
Total assets
$137K
FY2025▼ -1%
Total liabilities
$15K
FY2025▲ +30%
Total revenue
$527K
Pt VIII · Ln 12
Total expenses
$533K
Pt IX · Ln 25
Net assets
$122K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19−$5K
Total assetsPt X · Ln 16$137K
Program-expense ratioPt IX · col B79%
Voting members of governing bodyPt I · Ln 34
Independent voting membersPt I · Ln 43
Mission & Programs · Part III

Where the work happens

3 program services account for $384K of program spending, described in the organization's own filed words · FY2024.
01

Youth Mentoring

this program is comprised of 5 sub-programs:Mentoring - students grade pre-K through 12, categorized as at-risk due to economic or academic reasons, come to a one-on-one tutoring session where they receive support from a certified teacher as well as an English-speaking school-age student.

$297Kprogram expense
02

Network

LASOS works diligently to build a network of service providers to meet the needs of our constituency. By serving as a cultural liaison between the constituent and the service provider, our constituents are able to access services needed with little to no anxiety and frustration.

$57Kprogram expense
03

Adult Literacy

this program consists of 4 sub-programs:Literacy Classes - LASOS offers literacy classes for technology and finances that are developed to level the playing field of those who have had structured experiences and those who have not.

$31Kprogram expense

Run this program? Claim this org to tell your story

Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CLasos
EINHdr · item D26-4503259
Principal addressHdr · item CBel Air, MD
WebsiteHdr · item Jwww.lasos.org
Year of formationHdr · item Lpending
State of legal domicileHdr · item MMD
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFHuman Services (P50)
Ruling yearIRS BMFAug 2009

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a4
Independent voting membersPt VI · Ln 1b3
Conflict-of-interest policyPt VI · Ln 12aNo
Whistleblower policyPt VI · Ln 13No
Document retention policyPt VI · Ln 14No
CEO/top-official compensation independently reviewedPt VI · Ln 15aNo
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation · most recent filed roster (FY2024); the FY2025 filing did not itemize Part VII
Executive Dir.
$62,540Pt VII · Sec A
Vice President
$0Pt VII · Sec A
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
$0Pt VII · Sec A

Melynda Velez’s $63K as Executive Dir. is at the 52nd percentile of top reported officer pay among 2164 $100K–1M human services nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 1 named individual · Part VII

NameFY2025FY2024FY2023FY2021
Melynda Velez$62,540$42,774$45,628$13,300

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.

See Lasos executive salaries →

Are you one of these people? Claim this org to confirm your role

Statement of Revenue

Part VIII
Contributions & grants$520K · 99%
Other revenue$7K · 1%
Contributions & grants99%$520K
Other revenue1%$7K
Total revenueLn 12$527K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.79 Management & general $0.17 Fundraising $0.04
Program services79%$418K
Management & general17%$92K
Fundraising4%$23K
Total functional expensesLn 25$533K

Balance Sheet

Part X · end of year
CashLn 1$4K
Total assetsLn 16$137K
Total liabilitiesLn 26$15K
Total net assetsLn 32$122K
Months of cash on handcomputed0.1

Financial Metrics

Form 990 · FY2025 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $4K · Operating expenses (Pt IX) $533K · Less non-cash grants $38K · Cash operating expenses/yr $495K
0.1 months
Where the money goes
Program services
Program services $418K · Total expenses $533K
79%
Management & General
Management & general $92K · Total expenses $533K
17%
Fundraising
Fundraising $23K · Total expenses $533K
4%
Cost to raise $1
Fundraising expense (3-yr avg) $8K · Solicited contributions (3-yr avg) $369K
$0.02 to raise $1 (3-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $520K · Total revenue $527K
99%
Government reliance
Government grants — · Total revenue $527K
Earned-income share
Program service revenue $0 · Total revenue $527K
0%
Investment reliance
Investment income $0 · Total revenue $527K
0%
Program self-sufficiency
Program service revenue $0 · Total expenses $533K
0%
Growth & trend
Revenue growth (YoY)
This year $527K · Prior year $349K
+51%
Revenue CAGR
FY2020 $229K · FY2024 $527K
+23%
Net-asset trend (YoY)
End of year $122K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $527K · Expenses $533K
-1%
Liabilities-to-Assets
Total liabilities — · Total assets $137K
Net-asset ratio
Net assets $122K · Total assets $137K
89%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $0 · Other securities (Pt X, ln 12) $0 · Total assets (Pt X, ln 16) $137K
0%
People & payroll
Highest Reported Total Compensation
Individual Melynda Velez · Reported title Executive Dir. · Highest reported compensation $63K · Total expenses $533K
12%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $304K · Total expenses $533K
57%
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 79%
Overhead ratio 17%
Fundraising cost ratio 4%
Revenue growth 51%
Investment management fee ratio 0%
Legal fee ratio 0%
Accounting fee ratio 2%
Fundraising fee ratio 0%

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Grants

Schedule I · funders on record
Grants received · FY2024
Total grants receivedfrom 1 funder$8K

Similar Organizations

Closest in mission — by what they do
See all organizations like Lasos →

Compare

Search another nonprofit to view revenue, expenses, assets, key metrics, and leaders side by side

Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2025 (Latest)$527K revenue · viewing · ⤓ 990 PDF
FY2024$349K revenue · ⤓ 990 PDF
FY2023$251K revenue · ⤓ 990 PDF
FY2022not on file
FY2021$229K revenue · ⤓ 990 PDF

Want to add your own materials alongside these filings? Claim this org

Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2025IRS
Classification, formation year, addressIRS Business Master File
Names, privacy, and removal requests More

The names, titles, and compensation shown on this page are reproduced from IRS Form 990 filings, which are public records.

Philanthropy.org does not alter the content of those filings. All information appears exactly as reported by the filing organization for the tax year shown.

We publish only information contained in the public IRS filing — and less than the filing contains. Our profile pages do not display street addresses, telephone numbers, personal email addresses, or other personal contact information, even where the filing includes them.

Many people share the same name. A name shown on this page reflects only what one organization reported in one IRS filing for one tax year. It should not be interpreted as identifying any other individual with the same or a similar name.

If you are no longer affiliated with the organization, your name will generally stop appearing in future IRS filings once the organization no longer reports you. Pages for tax years in which you were reported remain published because those filings remain part of the public record.

Philanthropy.org does not alter or remove IRS filing records. Removing a page from this website would not remove the underlying IRS filing, which remains publicly available from the IRS and other publishers of the same information.

If you believe the IRS filing itself is inaccurate, corrections must be made by the filing organization or the IRS directly.

If you ARE the filing organization, claim this org and add context

Made it to the end? Claim this organization

All figures are derived from public IRS Form 990 filings and are presented without evaluation of any organization. philanthropy.org does not rate, score, or rank organizations, including the peer-cohort and compensation comparisons above.