Overview
What is Laboratoria Inc?
Laboratoria Inc, based in Brooklyn, New York, is a nonprofit organization dedicated to empowering young women from underprivileged backgrounds in Latin America. With a mission to promote gender equality in the tech industry, Laboratoria provides educational opportunities to prepare talented individuals as software developers. They award grants, totaling $2 million USD, to partner organizations in Chile, Brazil, Peru, and Mexico, fostering technological growth in underserved communities. With a team of just two employees, Laboratoria Inc supports organizations sharing their mission, tackling the low female participation in the tech sector by identifying, training, and placing skilled women in tech jobs.
Official website here: www.laboratoria.la
What are the reviews and ratings of this charity?
Rating from Charity Navigator: 99% (Four-Star out of Four Star rating)
Laboratoria Inc has achieved an impressive Four-Star rating from Charity Navigator, reflecting its strong commitment to accountability and impact. The charity's overall score is derived from exceptional performance in both Accountability & Finance and Impact & Measurement, with scores of 97 and 100 respectively. This high rating indicates that Laboratoria Inc effectively manages its resources while maintaining transparency and financial health.
The organization's financial metrics further illustrate its strengths. With a program expense ratio of 92.72%, it allocates the vast majority of its funds directly to its programs, ensuring that resources are utilized effectively. Additionally, its liabilities to assets ratio of 8.26% and an outstanding working capital ratio of 7.25 years indicate a stable financial position, suggesting that it is well-equipped to sustain its operations and mission over the long term.
Furthermore, Laboratoria Inc demonstrates significant impact through its programs, reportedly increasing the earnings of beneficiaries by more than $1.50 for every $1 spent. This remarkable return on investment highlights the effectiveness of its initiatives in empowering participants and achieving positive outcomes, although specific program details could provide a deeper understanding of its methodologies and success stories.
This AI summary has been generated from information found on Charity Navigator.
Is Laboratoria Inc legitimate?
Laboratoria Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Laboratoria 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: $162,463
For more financial information, click here
Official website here: www.laboratoria.la
What is the mission statement of Laboratoria Inc?
Laboratoria Inc's mission is focused on supporting organizations in Latin America that provide technology education to women from economically disadvantaged backgrounds. The primary objective is to equip young women with the skills necessary for a career in the tech industry. Unfortunately, over half of women in Latin America are not part of the workforce, and those who do work often end up in low-skilled, informal jobs with poor wages and unstable conditions. The representation of women in the technology sector is also low, with women making up a small minority of IT professionals. Recognizing this gap, Laboratoria Inc. aims to support organizations working to address this issue by leveraging the significant need for talent and diversity in the tech sector. They achieve this by backing organizations in Latin America with a similar mission, which identify and prepare talented young women from underprivileged backgrounds to become software developers, ultimately placing them in jobs within the tech industry.
Official website here: www.laboratoria.la
Who is the CEO of Laboratoria Inc?
Mariana Costa Checa is the President of Laboratoria Inc.
Official website here: www.laboratoria.la
What is the revenue of Laboratoria Inc?
Laboratoria Inc's revenue in 2022 was $6,590,848.
Official website here: www.laboratoria.la
Who are the executives of Laboratoria Inc and what are their salaries?
The average compensation at Laboratoria Inc during 2022 was $81,232. There are 2 employees and 4 volunteers at Laboratoria Inc.
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Official website here: www.laboratoria.la
Where can I find the form 990 for Laboratoria Inc?
Laboratoria Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.laboratoria.la
Learn more at the official website: www.laboratoria.la
Mission Statement of Laboratoria Inc
Laboratoria Inc is an organization dedicated to supporting institutions in Latin America that focus on providing technology education to women from disadvantaged backgrounds. The main mission of Laboratoria Inc is to offer young women from low-income families a career in the technology industry. Currently, over half of women in Latin America are not part of the region's workforce, and the majority of those who do work are in low-skilled, informal employment, often with low salaries and precarious conditions. Furthermore, female participation in the technology sector is particularly low, with women representing a small minority of IT professionals.
In an effort to address this issue, Laboratoria Inc supports organizations in Latin America with a similar mission. These organizations identify and prepare talented young women from economically underserved backgrounds to become software developers. Once prepared, these women are placed in jobs within the technology sector. By doing so, Laboratoria Inc aims to solve the enormous need for talent and diversity in the technology sector. The organization's mission is to leverage the potential of these young women and provide them with opportunities to succeed in a field that has traditionally been dominated by men.
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Impact
July, 2024
Laboratoria Inc's impact lies in providing young women from low-income backgrounds in Latin America with the opportunity to pursue a career in the tech industry. In a region where female participation in the technology sector is significantly low, Laboratoria Inc supports organizations that identify and prepare talented young women as software developers, ultimately helping them secure jobs in the technology sector. By addressing the lack of diversity and talent in the industry, Laboratoria Inc is contributing to the empowerment and economic independence of women in Latin America. Through partnerships and grants, totaling $2,000,000 USD in 2022, the organization is actively working to bridge the gender gap in the technology field and create more inclusive opportunities for women from underserved communities across multiple countries in Latin America.
This information is meant to be a general summary of Laboratoria 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: $1,262
- Gross Receipts: $6,590,848
Assets and Liabilities:
- Total Assets: $11,362,932
- Total Liabilities: $939,637
- Net Assets: $10,423,295
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Organization Details
Founding Year
2017
Phone
(571) 425-0323Principal Officer
Mariana Costa Checa
Main Address
61 GREEN POINT AVENUE STE 114, BROOKLYN, NY, 11222
Website
www.laboratoria.laNTEE Category
Code: Q33 - International
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