LASOS Inc

Nonprofit profile at a glance

EIN
264503259
IRS 990 coverage
2017–2024
Forms available
Form 990 2024, Form 990-EZ 2015
Location
Bel Air, MD, USA
Phone
4108360333
Rating
75
Verdict
SUPPORTED
Rating confidence
Moderate
Sector
Personal Social Services

Official website

Reported finances

Revenue
$527,404
Expenses
$532,890
Assets
$136,618
Liabilities
$14,761

Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

5 people listed

Executive titles in this filing

  • Mike Thatcher (Vice President)

Highest reported compensation

  • Melynda Velez (Executive Dir.): $62,540 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

To provide quality adult literacy classes including English as a second language, financial literacy, citizenship, at risk youth and family literacy programs as well as a network of service providers for the non-native English speaking community of Harford County.

What it reported doing in 2024

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. Students are encouraged to work on homework together and build a relationship of compassion and caring. Students in turn learn leadership, civil, and language skills. The secondary students are paired with adult mentors who monitor goal setting and successes. The purpose of this program is to provide the emotional, social, and educational needs of youth and children with their academic work, and to provide an atmosphere of support where all students can succeed. Summer Camp - in the summertime, students gather for a month-long summer camp that supports their academic gains, as well as introduces them to how they can be active in the community and how the community can be active in their life. The purpose of the program is to provide a safe environment for school aged students during the summer that supports their academic and social development. LASOS Butterfly Program - the girls in the LASOS Butterfly Program receive the academic and social/leadership support they need but seem to be locked between traditional familial expectations and those set by American society. By working with the girls from age 9 to 21 it is the design of the program to build a community of support for the girls as well as a bridge to allow them to toggle between their home culture and that of the USA while finding success. The Embrace Program - is a wrap-around service with the goal of strengthening family life, school life, and the personal life of the student. It focuses on the child and family unit working together in multiple sessions throughout the school year to address prevention, intervention, and diversion programs for at risk youth. The basic criteria include low academic level, high absentee rate (8+ absences), low student engagement, disruption in class, and issues at home or in the community. The program outcomes include significantly improved family communication, decreased drug use, increased school involvement academically, an increase in graduation rates, and a decrease in truancy and discipline referrals. The Engage program - was designed to meet the growing need of vision for at risk youth within Harford County. We strive to offer a clear, attainable pathway to help change the life trajectory of at-risk youth. Our program focus is directed towards those individuals who struggle with traditional schooling, and therefore lack the education to then go on and become self-sufficient adults. We engage the client by offering an alternative high school educational experience and internship placement.Susquehanna Workforce Network (SWN)- as part of the Engage program, designed to provide participants with the complex, but effective blend of education integrated with occupational skills training and support services, to prepare them for placement and retention in employment and post-secondary education with post-program support. The program strives to offer a clear, attainable pathway to help change the life trajectory of at-risk youth.DSCI - as part of the Engage program, LASOS serves as a service year opportunities for youth 18-24 to build professional skills.

Operating model

Revenue model
Donor-supported. 99% of the money available for current operations came from contributions and gifts.
Distribution model
Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.
  • Includes noncash contributions: Reported contributions include donated property or goods.

The verdict

SUPPORTED - A large share of available resources goes toward mission work and the filed numbers largely add up. Some filing-based governance responses are negative or unanswered and expenses are high relative to revenue.

Rating breakdown

  • Financial Efficiency: 77
  • Transparency & Controls: 86
  • Accountability: 62
  • Sustainability: 28
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 79.3%; rating input score 79
  • Program expense ratio: 78.5%; rating input score 79
  • Fundraising efficiency: $23.04 raised per $1 spent on fundraising; rating input score 62; 62nd percentile among comparable filings

Transparency & Controls

  • Consistency checks: 92.9%; rating input score 93; 19th percentile among comparable filings
  • Pay-setting controls: Limited
  • Foreign activity oversight: Limited
  • Grant itemization coverage: Limited
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 75%; rating input score 75; 16th percentile among comparable filings
  • Governance controls: 3 of 7 controls in place; rating input score 43
    • Conflict-of-interest policy: Fail
    • Whistleblower policy: Fail
    • Document-retention policy: Fail
    • CEO compensation review process: NotApplicable
    • Other executive compensation review process: NotApplicable
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Pass
    • Independent financial-statement audit: Fail

Sustainability

  • Operating margin: -1%; rating input score 33; 33rd percentile among comparable filings
  • Total-asset coverage ratio: 0.26; rating input score 12; 12th percentile among comparable filings
  • Liabilities to assets ratio: 0.11; rating input score 41; 41st percentile among comparable filings
  • Officer compensation ratio: 11.7%; rating input score 31; 31st percentile among comparable filings

Growth

  • Program expense growth: 10.5% per year; rating input score 100; 64th percentile among comparable filings
  • Revenue growth: 12.2% per year; rating input score 100; 73rd percentile among comparable filings
  • Asset growth: 6.8% per year; rating input score 100; 46th percentile among comparable filings

Details

  • Where the money goes: 79.3% of revenue deployed · 78.5% of spending went to programs
  • Governance: 3 of 4 board members independent · 3 of 7 filing controls reported
  • Programs: 7 filed program accomplishments · $418K in reported program spending
  • Leadership: top reported pay $63K · 5 people listed
  • Consistency: 21 of 22 current checks pass · 1 finding to review
  • Schedules: 6 filed schedules · includes major donors
  • Filing history: 6 filing years from 2017 to 2024
  • Contacts: How to reach this organization
  • Money network: 1 filed money-flow record
  • Related organizations: Filed and resolved organization relationships.
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • Moderate — Accountability: Governance controls: 4 of 7 not reported.
  • Moderate — Sustainability: Operating margin scored 33/100.
  • High — Sustainability: Total-asset coverage ratio scored 12/100.
  • Moderate — Transparency & Controls: Schedule A contributions reconciliation did not reconcile in the filed values.
  • Moderate — Sustainability: Officer compensation ratio scored 31/100.
  • Moderate — Sustainability: Liabilities to assets ratio scored 41/100.