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Laolam

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

EIN: 311780317 ✦ East wenatchee, WA ✦ Designated as a 501(c)(3)

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Overview

What is Laolam?

Laolam is a nonprofit organization situated in Leavenworth, Washington (WA 98826-9512). Their primary mission is to offer educational opportunities for children from kindergarten through twelfth grade in a disadvantaged, rural community. Additionally, they aim to establish a Job Skill Training Center for older youth and adults who lack the means or academic ability to continue their education. Laolam's work extends beyond academics, providing social and spiritual assistance to the community as well.

Is Laolam legitimate?

Laolam is a legitimate nonprofit organization registered as a 501(c)(3) entity. Laolam 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: $7,000
Professional Fundraising Fees: $0
Other Salaries and Wages: $0

For more financial information, click here

What is the mission statement of Laolam?

Laolam's mission is centered around providing assistance in three key areas: education, social, and spiritual support. In the realm of education, Laolam aims to offer opportunities to children in a disadvantaged, rural community from grades K-12. Additionally, they are working on establishing a Job Skill Training Center for older youth and adults who lack the means or academic ability to continue their education beyond the basic level.

What is the revenue of Laolam?

Laolam's revenue in 2023 was $369,825.

Who are the executives of Laolam and what are their salaries?

There 6 volunteers at Laolam.

Here are 5 key members and their salaries:


Michael H Moore (President)
  • Compensation: $7,000
  • Related: $0
  • Other: $0
Daniel Rife (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
Linda Pfister (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
James Holladay (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Lisa R Moore (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Where can I find the form 990 for Laolam?

Laolam's most recent form 990 was submitted in 2023 and can be accessed here.

Mission Statement of Laolam

Laolam, a nonprofit organization, is dedicated to offering educational, social, and Spiritual assistance. Its mission is centered around providing opportunities for children in the K-12 grade range in a disadvantaged, rural community. Moreover, Laolam is committed to establishing a Job Skill Training Center targeting older youth and adults who lack the means or the academic capacity to continue their formal education. This initiative aims to equip these individuals with essential skills, enabling them to secure employment and improve their livelihoods.

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Impact




October, 2024

Laolam significantly impacts the Leavenworth, WA community by providing vital educational, social, and spiritual assistance. Through its education program, it creates opportunities for K-12 children in a disadvantaged rural community, addressing the gap in access to quality education. Furthermore, Laolam supports the establishment of a Job Skill Training Center designed for older youth and adults who are unable to pursue further education due to financial constraints or academic challenges. This initiative not only equips individuals with essential skills for the workforce but also fosters self-sufficiency and empowerment within the community. By focusing on both youth and adult education, Laolam strengthens the overall fabric of Leavenworth, promoting a cycle of learning and growth that uplifts families and enhances community resilience.




This information is meant to be a general summary of Laolam. 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
$369,825 (2023)
2011201220132014201520162017201820192020202120222023$0$95,000$190k$285k$380k
Expenses
$333,759 (2023)
2011201220132014201520162017201820192020202120222023$0$85,000$170k$255k$340k
Efficiency
20112012201320142015201620172018201920202021202220230%0.6%1.2%1.8%2.4%3%

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2023.

  • Gross Receipts: $369,825

Assets and Liabilities:

  • Total Assets: $28,489
  • Total Liabilities: $0
  • Net Assets: $28,489

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Organization Details

Founding Year

2001

Principal Officer

Michael H Moore

Main Address

805 N Western Ave Apt 8, East Wenatchee, WA, 98802

NTEE Category

Code: P50 - Human services

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