Link Education Partners Inc
- Assets
- $6.9m
- Revenue
- $1.4m
- Investments
- $0.0
- Employees
- 5
- Location
- Newark, NJ
- Founding
- 03/1946
- Data as of
- 06/2022
- EIN
- 22-1896984
Organization Overview
Link Education Partners Inc is located in Newark, NJ. The organization was established in 1946. According to its NTEE Classification (B20) the organization is classified as: Elementary & Secondary Schools, under the broad grouping of Education and related organizations. As of 06/2022, Link Education Partners Inc employed 5 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Link Education Partners 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, Link Education Partners Inc generated $1.4m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 5.4% each year. All expenses for the organization totaled $1.4m during the year ending 06/2022. While expenses have increased by 0.4% 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
LINK EDUCATION PARTNERS, INC. SERVES AS A FUND RAISING ENTITY THAT PROVIDES RESOURCES THAT SUPPORT HIGH QUALITY EDUCATION FOR UNDER-SERVED YOUTH BY PROVIDING FUNDING FOR EXPERIENTIAL LEARNING,PROGRAM DEVELOPMENT, EQUIPMENT AND FACILITIES.LINK EDUCATION PARTNERS, INC. SERVES AS A FUND RAISING ENTITY THAT PROVIDES RESOURCES THAT SUPPORT HIGH QUALITY EDUCATION FOR UNDER-SERVED YOUTH BY PROVIDING FUNDING FOR EXPERIENTIAL LEARNING, PROGRAM DEVELOPMENT, EQUIPMENT AND FACILITIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
LINK EDUCATION PARTNERS SERVES AS A FUNDRAISING ENTITY THAT PROVIDES RESOURCES TO SUPPORT HIGH QUALITY EDUCATION FOR UNDER-SERVED YOUTH BY PROVIDING FUNDING FOR EXPERIENTIAL LEARNING, PROGRAM DEVELOPMENT, EQUIPMENT AND FACILITIES.
LINK EDUCATION PARTNERS, INC. FUNDED STUDENT ACTIVITIES AND A SUMMER PROGRAM, PREPARING YOUTH ACADEMICALLY AND SOCIALLY DURING THE MONTH OF JULY FOR THE UPCOMING SCHOOL YEAR.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
David Ferry Co-Chair | OfficerTrustee | 1 | $0 |
Andrew Lacey Co-Chair | OfficerTrustee | 1 | $0 |
Eric Krasnoo Trustee | Trustee | 1 | $0 |
Sumayya Wright Trustee | Trustee | 1 | $0 |
Sister Gertrude E Dunham Op Trustee | Trustee | 1 | $0 |
Bryan Donohoe Trustee | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $128,748 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $439,004 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $567,752 |
| Total Program Service Revenue | $354,670 |
| Investment income | $18,715 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $427,151 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,393,132 |
| 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. | $184,581 |
| Compensation of current officers, directors, key employees. | $86,319 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $184,527 |
| Pension plan accruals and contributions | $7,812 |
| Other employee benefits | $32,894 |
| Payroll taxes | $28,221 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $6,283 |
| Fees for services: Accounting | $19,500 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $250,024 |
| Advertising and promotion | $0 |
| Office expenses | $56,620 |
| Information technology | $28,045 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $109,383 |
| Interest | $148,801 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $173,686 |
| Insurance | $6,603 |
| All other expenses | $0 |
| Total functional expenses | $1,359,021 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $299,331 |
| Savings and temporary cash investments | $213,121 |
| Pledges and grants receivable | $5,030 |
| 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 | $65,585 |
| Net Land, buildings, and equipment | $5,074,794 |
| Investments—publicly traded securities | $1,282,455 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $6,940,316 |
| Accounts payable and accrued expenses | $93,748 |
| Grants payable | $0 |
| Deferred revenue | $19,250 |
| 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 | $3,263,486 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $5,000 |
| Total liabilities | $3,381,484 |
| Net assets without donor restrictions | $3,447,056 |
| Net assets with donor restrictions | $111,776 |
| 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 | $6,940,316 |