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Laspau Inc

Learn about this cause: What are the reviews? Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 046151880 ✦ Cambridge, MA ✦ Designated as a 501(c)(3)

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Overview

What is Laspau Inc?

Laspau Inc, located in Cambridge, Massachusetts, is a nonprofit organization that focuses on scholarship programs. Their mission is to connect individuals and institutions, fostering opportunities to enhance the quality and impact of higher education in the Americas. By doing so, they aim to establish knowledge-based, inclusive societies throughout the region. Specifically, Laspau offers scholarships for students from Central and South America, the Caribbean, and beyond, enabling them to study outside their home countries. This includes participation in renowned programs like the Fulbright Scholarship, which provides grants for graduate studies in the United States. With a staff of 32, Laspau Inc plays a significant role in shaping the educational landscape in the Americas.


Official website here: www.laspau.harvard.edu

What are the reviews and ratings of this charity?

Charity Navigator Rating: 81% (Three-Star out of Four Star rating)

Laspau Inc has achieved an 81% rating from Charity Navigator, indicating a solid level of accountability and financial health. With a majority of its board members being independent and a high score in financial oversight, the organization demonstrates strong governance practices. It also excels in transparency, having all necessary policies and documentation in place, which enhances trust among stakeholders.

The organization shows a commendable program expense ratio of 90.29%, suggesting that a significant portion of its funds is directed toward its mission-related activities. This efficiency in spending is a positive sign for potential donors and beneficiaries alike, as it reflects a commitment to maximizing the impact of their contributions.

Despite its strengths, while the rating is favorable, there are always areas for improvement that nonprofits can focus on for further growth and increased donor confidence. Continuous engagement with the community and potential enhancement of fundraising strategies could further bolster the organization's standing and effectiveness.


This AI summary has been generated from information found on Charity Navigator.

Is Laspau Inc legitimate?

Laspau Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Laspau Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.


Heare are some key statistics you may want to consider:

Executive Compensation: $410,254
Professional Fundraising Fees: $0
Other Salaries and Wages: $1,504,447

For more financial information, click here


Official website here: www.laspau.harvard.edu

What is the mission statement of Laspau Inc?

Laspau Inc's mission is centered around connecting individuals and institutions with opportunities to enhance the quality and impact of higher education in the Americas. They view their work as crucial for fostering knowledge-based, inclusive societies throughout the region. Through various programs, including scholarship initiatives like the Fulbright Program, Laspau Inc provides opportunities for students from Central and South America and the Caribbean to study outside their home country, thereby contributing to the global exchange of ideas and knowledge. Their ultimate goal is to promote educational equity and societal improvement in the Americas.


Official website here: www.laspau.harvard.edu

Who is the CEO of Laspau Inc?

Angelica Natera is the Ex-Officio, Executive Director of Laspau Inc.


Official website here: www.laspau.harvard.edu

What is the revenue of Laspau Inc?

Laspau Inc's revenue in 2022 was $9,015,750.


Official website here: www.laspau.harvard.edu

Who are the executives of Laspau Inc and what are their salaries?

The average compensation at Laspau Inc during 2022 was $59,834. There are 32 employees and 21 volunteers at Laspau Inc.


Here are 18 key members and their salaries:


Angelica Natera (Ex-Officio, Executive Director)
  • Compensation: $148,565
  • Related: $0
  • Other: $43,503
Eugenia Garduno (Deputy Director)
  • Compensation: $113,315
  • Related: $0
  • Other: $13,026
Cheryl Eagan-Donovan (Associate Director Of Finance)
  • Compensation: $26,700
  • Related: $0
  • Other: $0
Lisa Tobias (Associate Director Of Finance)
  • Compensation: $45,981
  • Related: $0
  • Other: $16,540
Christine Nelson (Chair)
  • Compensation: $0
  • Related: $0
  • Other: $0
Luis Enrique Garcia De Brigard (Vice Chair)
  • Compensation: $0
  • Related: $0
  • Other: $0
Rodrigo Verdi (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Florian Bartunek (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Patricia Garcia (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Margot Gill (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Patricia Harrington (Trustee (Left 10/22))
  • Compensation: $0
  • Related: $0
  • Other: $0
Pablo Jaramillo (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Lygia Pereira (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Fernando Quezada (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Reyes Tamez (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Carolina Toha (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Richard Bernal (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Gabriela Soto Laveaga (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.laspau.harvard.edu

Where can I find the form 990 for Laspau Inc?

Laspau Inc's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.laspau.harvard.edu

Learn more at the official website: www.laspau.harvard.edu

Mission Statement of Laspau Inc

Laspau Inc, an organization dedicated to enhancing higher education in the Americas, plays a critical role in connecting individuals and institutions. Their mission is to improve the quality and impact of education in the region, aiming to foster knowledge-based, inclusive societies. They achieve this by providing opportunities for students from Central and South America, the Caribbean, and beyond, to study outside their home countries. This includes various scholarship programs, such as the Fulbright Program, which offers grants for graduate studies in the United States. By promoting education and fostering connections, Laspau Inc contributes to the development of more inclusive societies throughout the Americas.

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Impact




July, 2024

Laspau Inc's impact lies in connecting individuals and institutions with opportunities to enhance the quality and impact of higher education in the Americas. Through scholarship programs like the Fulbright Program, Laspau provides grants for students from Central and South America and the Caribbean to study outside their home countries. This initiative plays a significant role in fostering knowledge-based, inclusive societies throughout the Americas. By facilitating educational opportunities for individuals in the region, Laspau contributes to the development of a more educated and diverse workforce, ultimately helping to drive progress and innovation in the Americas.




This information is meant to be a general summary of Laspau Inc. Please take the time to review official sources before making any decisions based upon the content provided here.


Financials

This financial information is from Propublica.

Revenue
$9,015,750 (2022)
Expenses
$9,418,399 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $81,982
  • Program Service Revenue: $2,772,144
  • Gross Receipts: $9,091,414

Assets and Liabilities:

  • Total Assets: $9,089,031
  • Total Liabilities: $8,337,852
  • Net Assets: $751,179

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Programs

Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

ADMINISTRATIVE FEES

Revenue

$2,386,431

SEMINARS

Revenue

$385,713

Organization Details

Founding Year

1964

Principal Officer

Angelica Natera

Main Address

25 MOUNT AUBURN STREET SUITE 200, CAMBRIDGE, MA, 02138

NTEE Category

Code: B82Z - Education

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