Leon N Weiner Education Foundation
- Assets
- $2.6m
- Revenue
- $924.2k
- Investments
- $20.4k
- Employees
- 0
- Location
- Wilmington, DE
- Founding
- 01/2006
- Data as of
- 12/2022
- EIN
- 20-2024104
Organization Overview
Leon N Weiner Education Foundation is located in Wilmington, DE. The organization was established in 2006. According to its NTEE Classification (B82) the organization is classified as: Scholarships & Student Financial Aid, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Leon N Weiner Education Foundation 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, Leon N Weiner Education Foundation generated $924.2k in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 19.9% each year . All expenses for the organization totaled $441.6k during the year ending 12/2022. While expenses have increased by 4.1% per year over the past 8 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
THE PURPOSE OF THE FOUNDATION IS TO FURTHER EDUCATIONAL OPPORTUNITIES FOR UNDERPRIVILEGED CHILDREN.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION PROMOTES QUALIFIED EDUCATIONAL PROGRAMS FOR UNDERPRIVILEDGED CHILDREN THROUGH THE RECEIPT OF DONATIONS AND DISTRIBUTIONS FROM ITS PARTICIPATION IN LOW-INCOME HOUSING ENTITIES WHERE THOSE CHILDREN LIVE AND BY USING THOSE FUNDS TO PROVIDE SERVICES TO THE CHILDREN IN THOSE SAME COMMUNITIES. THE ORGANIZATION PROVIDES AFTER-SCHOOL AND LIFE SKILLS PROGRAMS FOR THE CHILDREN THAT LIVE IN THOSE LOW-INCOME HOUSING PROPERTIES AND WHO RANGE FROM ELEMENTARY TO HIGH SCHOOL AGED STUDENTS. THE ORGANIZATION ALSO PROVIDES SCHOLARSHIPS TO UNDERPRIVILEGED CHILDREN
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mel Staffin Esquire Chair | Trustee | 1 | $0 |
Dawn M Brooks Director | Trustee | 1 | $0 |
Donna C Curtis Mpa Director | Trustee | 1 | $0 |
Marcia Clement Kelly Director | Trustee | 1 | $0 |
Beverly Stewart Med Director | Trustee | 1 | $0 |
Amy Walls Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $56,938 |
| Noncash contributions included in lines 1a–1f | $11,601 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $56,938 |
| Total Program Service Revenue | $69,422 |
| Investment income | $9,036 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $788,848 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $924,244 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $167,840 |
| 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 | $64,377 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $13,298 |
| Payroll taxes | $5,069 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $8,650 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $62,075 |
| Advertising and promotion | $4,718 |
| Office expenses | $14,856 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $2,271 |
| 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 | $0 |
| Insurance | $4,471 |
| All other expenses | $382 |
| Total functional expenses | $441,631 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $39,404 |
| Savings and temporary cash investments | $5,205 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $886,412 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $150,000 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $830,048 |
| Investments—other securities | $20,365 |
| Investments—program-related | $683,827 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,615,261 |
| Accounts payable and accrued expenses | $0 |
| 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 | $675,140 |
| Total liabilities | $675,140 |
| Net assets without donor restrictions | $1,840,121 |
| Net assets with donor restrictions | $100,000 |
| 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 | $2,615,261 |
Grants Awarded
Over the last fiscal year, Leon N Weiner Education Foundation has awarded $136,569 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
A FRIEND OF THE FAMILY INC PURPOSE: AFTER SCHOOL EDUCATIONAL ASSITANCE TO CHILDREN | $22,000 |
JEWISH FEDERATION OF DELAWARE INC PURPOSE: ASSIST JEWISH COMMUNITY | $87,890 |
ARBOR MANAGEMENT LLC PURPOSE: SUMMER ENRICHMENT PROGRAMS FOR LOW INCOME CHILDREN AND SENIORS | $26,679 |