Act Lawrence Inc
- Assets
- $424.3k
- Revenue
- $472.7k
- Investments
- $0.0
- Employees
- 14
- Location
- Lawrence, MA
- Founding
- 11/1998
- Data as of
- 12/2022
- EIN
- 04-3408855
Organization Overview
Act Lawrence Inc is located in Lawrence, MA. The organization was established in 1998. According to its NTEE Classification (S80) the organization is classified as: Community Service Clubs, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 12/2022, Act Lawrence Inc employed 14 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Act Lawrence 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 12/2022, Act Lawrence Inc generated $472.7k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 9.5% each year. All expenses for the organization totaled $456.9k during the year ending 12/2022. While expenses have increased by 7.9% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
OUR MISSION IS TO WORK TO ACHIEVE SOCIAL AND ECONOMIC JUSTICE BY EMPOWERING LOW TO MODERATE ONCOME POPULATIONS IN LAWRENCE, MA THROUGH SHARED VALUES OF INCLUSIVENESS AND COLLABORATION TO RECLAIM A VOICE FOR LAWRENCE AND ADVOCATE SELF-DETERMINATION FOR ITS RESIDENTS THROUGH COMMUNITY DEVELOPMENT INITIATIVES SUCH AS AFFORDABLE HOUSING, FINANCIAL COACHING, AND YOUTH LEADERSHIP PROGRAMS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION ASSISTED LOW-INCOME FAMILIES THROUGH ALL OF THE ORGANIZATION'S PROGRAMS. THE ORGANIZATION EDUCATED PEOPLE WITH FINANCIAL LITERACY AND COUSELED PEOPLE THROUGH FORECLOSURE PREVENTION. THE ORGANIZATION EDUCATED FIRST-TIME HOME BUYERS AND GRADUATED NEW YOUTH LEADERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Alenny Acevedo Director | Trustee | 2 | $0 |
Raisa Carrasco-Velez Director | Trustee | 2 | $0 |
Mabel Dominguez Director | Trustee | 2 | $0 |
Claribel Garcia Clerk | OfficerTrustee | 2 | $0 |
Rosa Maldonado Vice Preside | OfficerTrustee | 2 | $0 |
Henry Och Treasurer | OfficerTrustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $206,665 |
| All other contributions, gifts, grants, and similar amounts not included above | $248,612 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $455,277 |
| Total Program Service Revenue | $17,400 |
| Investment income | $46 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $472,723 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $240,347 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $22,238 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $14,575 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $9,927 |
| Office expenses | $9,641 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $18,111 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $3,220 |
| Insurance | $2,767 |
| All other expenses | $18,341 |
| Total functional expenses | $456,924 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $410,385 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $4,717 |
| Net Land, buildings, and equipment | $4,830 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $4,362 |
| Total assets | $424,294 |
| Accounts payable and accrued expenses | $12,318 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $12,318 |
| Net assets without donor restrictions | $411,976 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $424,294 |