Overview
What is Lara Classics Inc?
Lara Classics Inc, situated in Cambridge, Massachusetts, is a distinguished nonprofit organization with a mission to enlighten the public about history. They achieve this by producing high-quality historical films and plays, which are extensively utilized in universities and schools to teach about the Middle Ages and 19th-century immigration. Furthermore, they support filmmakers by providing grants, fostering their craft and contributing to the historical film genre. With a focus on historical accuracy, Lara Classics Inc also aims to create a historically accurate musical.
What are the reviews and ratings of this charity?
Charity Navigator Rating: One-Star out of Four Stars (58%)
Lara Classics Inc has received a One-Star rating from Charity Navigator, reflecting a score of 58% based solely on its Accountability & Finance metrics. This rating indicates significant concerns regarding the organization's financial practices, particularly highlighted by a high liabilities to assets ratio of 107.73%, which has negatively impacted its overall evaluation.
On a positive note, the organization demonstrates strong governance practices, with a fully independent board and no material diversion of assets. They also maintain transparent documentation of board meeting minutes. Furthermore, the program expense ratio is commendable at 100%, indicating that all their expenses are directed towards program services.
However, there are several critical areas where Lara Classics Inc falls short, particularly in the absence of essential policies such as a conflict of interest policy and a whistleblower policy. Additionally, key documents, including the tax form disclosures, are missing from the nonprofit's website. These issues contribute to the organization’s low overall rating and highlight areas for improvement in transparency and accountability.
This AI summary has been generated from information found on Charity Navigator.
Is Lara Classics Inc legitimate?
Lara Classics Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Lara Classics 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
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What is the mission statement of Lara Classics Inc?
Lara Classics Inc's mission is centered around producing educational historical films and plays, primarily focusing on the Middle Ages and 19th century immigration. Their primary goal is to educate the public and foster an appreciation for history. They achieve this by creating historically accurate content that is widely used in universities and schools for teaching purposes. Additionally, the company supports filmmakers through grants, contributing to the development of high-quality historical media.
Who is the CEO of Lara Classics Inc?
Pamela Berger is the President of Lara Classics Inc.
What is the revenue of Lara Classics Inc?
Lara Classics Inc's revenue in 2022 was $2,038.
Who are the executives of Lara Classics Inc and what are their salaries?
There 5 volunteers at Lara Classics Inc.
Here are 6 key members and their salaries:
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Where can I find the form 990 for Lara Classics Inc?
Lara Classics Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Lara Classics Inc
Lara Classics Inc, a nonprofit organization, is dedicated to enlightening the public about history through the production of educational films and plays. Their primary focus lies in the Middle Ages and 19th century immigration, utilizing historically accurate content to engage audiences in universities and schools. Beyond creating these educational resources, Lara Classics also supports filmmakers by offering grants, furthering their mission to foster and develop a public appreciation for history.
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Impact
August, 2024
Lara Classics Inc's impact lies in the realm of education and historical preservation. Through their efforts in creating educational historical films and supporting filmmakers, they have significantly contributed to enhancing public appreciation and understanding of history. These films, widely utilized in universities and schools, serve as valuable resources for teaching about the Middle Ages and 19th-century immigration. Moreover, their commitment to producing quality historical plays and providing grants to filmmakers further solidifies their role in preserving and disseminating historical knowledge. By blending art with education, Lara Classics Inc is making a lasting impact on society by ensuring that important historical narratives are not only preserved but also accessible to a wide audience.
This information is meant to be a general summary of Lara Classics 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.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $8
- Program Service Revenue: $1,030
- Gross Receipts: $2,038
Assets and Liabilities:
- Total Assets: $81,681
- Total Liabilities: $88,000
- Net Assets: -$6,319
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
DVD/STREAMING SALES
Revenue
$1,030
Organization Details
Founding Year
1986
Phone
(617) 491-7387Principal Officer
Pamela Berger
Main Address
9 MERRILL ST, CAMBRIDGE, MA, 02139
NTEE Category
Code: A31Z - Arts
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