Lynn Business-Education Foundation Inc
- Assets
- $111.5k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Lynn, MA
- Founding
- 04/1987
- Data as of
- 06/2022
- 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 06/2022, Lynn Business-Education Foundation Inc generated $57.3k 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 (6.5%) each year. All expenses for the organization totaled $85.9k during the year ending 06/2022. As we would expect to see with falling revenues, expenses have declined by (7.2%) per year over the past 7 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
2022
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 | |
Gale Thomas Co-Executive | 0 | $0 | |
Gregory Ambrose Vice Preside | 0 | $0 | |
Catherine Perry Secretary | 0 | $0 | |
Dr Patrick Tutweiller Director | 0 | $0 | |
Sheila O'neil Director | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $54,512 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $1,058 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $1,686 |
| Total Revenue | $57,256 |
| 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 | $2,459 |
| Occupancy, rent, utilities, and maintenance | $2,400 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $37,302 |
| Total expenses | $85,861 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $111,500 |
| Other assets | $0 |
| Total assets | $111,500 |
| Total liabilities | $0 |
| Net assets or fund balances | $111,500 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Lynn Business-Education Foundation Inc has recieved totaling $5,500.
| Awarding Organization | Amount |
|---|---|
For Inspiration And Recognition Of Science And Technology First Manchester, NH PURPOSE: Program Support | $5,500 |
Endowment Analysis
| Beg. Balance | $133,310 |
| Earnings | $3,335 |
| Admin Expense | $1,201 |
| Other Expense | $17,000 |
| Ending Balance | $118,444 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Harvard Business School Club Of New York Inc New York, NY | $2,494,386 | $2,020,153 |
Harvard Business School Association Of Boston Milton, MA | $278,615 | $363,912 |
National Graduate School Of Quality Management Inc West Falmouth, MA | $0 | $2,519 |
Lynn Business-Education Foundation Inc Lynn, MA | $111,500 | $0 |
Harbus News Corporation Boston, MA | $173,768 | $0 |
Granville Academy Of Waterbury Inc Waterbury, CT | $25,336 | $0 |
Vscpa Educational Foundation Danville, VT | $26,038 | $0 |