Lynn Business-Education Foundation Inc
- Assets
- $83.1k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Lynn, MA
- Founding
- 04/1987
- Data as of
- 06/2023
- EIN
- 04-2937255
Organization Overview
Lynn Business-Education Foundation Inc is located in Lynn, MA. The organization was established in 1987. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Lynn Business-Education Foundation 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 06/2023, Lynn Business-Education Foundation Inc generated $9.5k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (24.7%) each year. All expenses for the organization totaled $37.9k during the year ending 06/2023. As we would expect to see with falling revenues, expenses have declined by (15.4%) per year over the past 8 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
DEVELOPMENT OF PROGRAMS IN SCHOOLS
Describe the Organization's Program Activity:
Part 3
DEVELOPMENT OF PROGRAMS IN SCHOOLS
DONATIONS MADE TO CIVIC ORGANIZATIONS AND SCHOOL GROUPS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
John Greeley Co Ex Dir & | 0 | $0 | |
Gregory Ambrose Vice Preside | 0 | $0 | |
Christine Perry Secretary | 0 | $0 | |
Charles Gallo President | 0 | $0 | |
Robin Ennis Director | 0 | $0 | |
Pauline Coulon Director | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,500 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $1,063 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $6,935 |
| Total Revenue | $9,498 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $20,707 |
| Occupancy, rent, utilities, and maintenance | $2,800 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $2,062 |
| Total expenses | $37,891 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $83,106 |
| Other assets | $0 |
| Total assets | $83,106 |
| Total liabilities | $0 |
| Net assets or fund balances | $83,106 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Harvard Business School Club Of New York Inc New York, NY | $2,719,915 | $1,301,634 |
National Graduate School Of Quality Management Inc West Falmouth, MA | $0 | $2,519 |
Harbus News Corporation Boston, MA | $123,703 | $0 |
Lynn Business-Education Foundation Inc Lynn, MA | $83,106 | $0 |
Granville Academy Of Waterbury Inc Waterbury, CT | $25,336 | $0 |
Vscpa Educational Foundation Danville, VT | $27,882 | $0 |