Leominster Education Foundation Inc
- Assets
- $195.2k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Leominster, MA
- Founding
- 11/2007
- Data as of
- 12/2023
- EIN
- 20-8787341
Organization Overview
Leominster Education Foundation Inc is located in Leominster, MA. The organization was established in 2007. According to its NTEE Classification (B90) the organization is classified as: Educational Services, 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. Leominster 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 12/2023, Leominster Education Foundation Inc generated $69.7k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 9 years, the organization has seen revenues fall by an average of (8.4%) each year. All expenses for the organization totaled $60.6k during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (5.2%) per year over the past 9 years. You can explore the organizations financials more deeply in the financial statements section below.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kenneth Ricker President | 2 | $0 | |
James Adams Director | 1 | $0 | |
Alexis Chabot Director | 1 | $0 | |
Paula Deacon Director | 1 | $0 | |
Natalie Higgins Director | 1 | $0 | |
Patrick Mccarty Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $28,006 |
| Total Program Service Revenue | $37,243 |
| Membership dues | $0 |
| Investment income | $1,869 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $69,654 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $8,052 |
| Professional fees and other payments to independent contractors | $1,550 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $23,517 |
| Total expenses | $60,555 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $195,161 |
| Other assets | $0 |
| Total assets | $195,161 |
| Total liabilities | $1,811 |
| Net assets or fund balances | $193,350 |