Laurens Education Assistance For District No 55

Organization Overview

Laurens Education Assistance For District No 55 is located in Laurens, SC. The organization was established in 2008. According to its NTEE Classification (B11) the organization is classified as: Single Organization Support, 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. Laurens Education Assistance For District No 55 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, Laurens Education Assistance For District No 55 generated $3.1m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 6.9% each year. All expenses for the organization totaled $3.1m during the year ending 06/2022. While expenses have increased by 6.9% 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.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2022

Describe the Organization's Mission:

Part 3 - Line 1

THE LAURENS EDUCATION ASSISTANCE FOR DISTRICT NO. 55 ("LEAD") CORPORATION IS A NOT-FOR-PROFIT 501 (C)(3) ORGANIZATION INCORPORATED FOR THE SPECIFIC PURPOSE OF SERVING AS A "SUPPORT ORGANIZATION" FOR CAPITAL PROJECTS OF THE DISTRICT. THE ACTIVITY OF LEAD INCLUDES THE FINANCING AND CONSTRUCTION OF SCHOOL FACILITIES THAT WILL BE PURCHASED BY THE DISTRICT.

Describe the Organization's Program Activity:

Part 3 - Line 4a

THE LAURENS EDUCATION ASSISTANCE FOR DISTRICT NO. 55 ("LEAD") CORPORATION IS A NOT-FOR-PROFIT 501 (C)(3) ORGANIZATION INCORPORATED FOR THE SPECIFIC PURPOSE OF SERVING AS A "SUPPORT ORGANIZATION" FOR CAPITAL PROJECTS OF THE DISTRICT. THE ACTIVITY OF LEAD INCLUDES THE FINANCING AND CONSTRUCTION OF SCHOOL FACILITIES THAT WILL BE PURCHASED BY THE DISTRICT.


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Board, Officers & Key Employees

Name (title)Compensation
Rev Bryant Cheek
Vice Chair
$0
Patsy Casey
Director
$0
James C Todd IV
Chair
$0
Ernie Segars
Sec/treas
$0
Wilamena Jones
Executive Co
$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$0
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$0
Total Program Service Revenue$0
Investment income $0
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 $3,122,038

Grants Recieved

Over the last fiscal year, we have identified 1 grants that Laurens Education Assistance For District No 55 has recieved totaling $40.

Awarding OrganizationAmount
The Duke Energy Foundation

Charlotte, NC

PURPOSE: MATCHING GIFTS

$40
View Grant Recipient Profile

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