Lusitania Institute Inc
- Assets
- $377.5k
- Revenue
- $5.7k
- Investments
- $181.2k
- Employees
- 0
- Location
- Ludlow, MA
- Founding
- 04/1964
- Data as of
- 12/2021
- EIN
- 04-2318156
Organization Overview
Lusitania Institute Inc is located in Ludlow, MA. The organization was established in 1964. According to its NTEE Classification (A25) the organization is classified as: Arts Education, under the broad grouping of Arts, Culture & Humanities and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Lusitania Institute Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2021, Lusitania Institute Inc generated $5.7k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (21.8%) each year. All expenses for the organization totaled $30.2k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Lusitania Institute Inc has awarded 26 individual grants totaling $143,240. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
SUPPORT LOCAL NOT FOR PROFIT ORGANIZATIONS THROUGH DONATIONS THAT FURTHER THEIR PURPOSE.
PROVIDE LOCAL STUDENTS WITH EDUCATIONAL SCHOLARSHIPS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Cristina Saraiva Treasurer | 0 | $0 | |
Hector R Gomes Director | 0 | $0 | |
Scott Ganhao Director | 0 | $0 | |
Mark Germain Director | 0 | $0 | |
Maria F Gomes President | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $1,295 |
| Dividends & Interest | $3,302 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $1,061 |
| Total Revenue | $5,658 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $332 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $1,305 |
| Total operating and administrative expenses | $5,705 |
| Contributions, gifts, grants paid | $24,500 |
| Total expenses and disbursements | $30,205 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $196,330 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $181,183 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $377,513 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, Lusitania Institute Inc has awarded $24,500 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
ST JOHN THE BAPTIST SCHOOL PURPOSE: CHARITABLE | $12,000 |
ST STANISLAU SCHOOL PURPOSE: CHARITABLE | $7,500 |
Ludlow, MA PURPOSE: CHARITABLE | $5,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Saul Steinberg Foundation New York, NY | $2,326,445 | $165,696 |
Studio In A School Association New York, NY | $26,491,871 | $6,228,421 |
Harlem School Of The Arts Inc New York, NY | $16,306,795 | $5,380,840 |
Dreamyard Project Inc Bronx, NY | $4,474,380 | $5,509,637 |
Powerhouse Arts Inc Brooklyn, NY | $187,718,007 | $2,438,930 |
Artists For Humanity Inc Boston, MA | $38,813,967 | $6,181,666 |
American Academy Of Arts And Letters New York, NY | $101,076,393 | $10,417,737 |
The Arts Connection Inc New York, NY | $2,703,336 | $4,972,330 |
Alliance For Young Artists & Writers Inc New York, NY | $7,496,330 | $3,366,982 |
Marquis Studios Ltd Brooklyn, NY | $2,435,475 | $3,259,805 |
The Katharine Hepburn Cultural Arts Center Inc Old Saybrook, CT | $3,859,540 | $4,355,262 |
Skowhegan School Of Painting And Sculpture Inc New York, NY | $36,819,916 | $5,437,614 |