Lawrence Township Education Foundation Inc
- Assets
- $323.6k
- Revenue
- $158.7k
- Investments
- $168.0k
- Employees
- 2
- Location
- Lawrenceville, NJ
- Founding
- 01/1993
- Data as of
- 06/2021
- EIN
- 22-3192024
Organization Overview
Lawrence Township Education Foundation Inc is located in Lawrenceville, NJ. The organization was established in 1993. According to its NTEE Classification (T30) the organization is classified as: Public Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. As of 06/2021, Lawrence Township Education Foundation Inc employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Lawrence Township 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 06/2021, Lawrence Township Education Foundation Inc generated $158.7k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (8.9%) each year. All expenses for the organization totaled $177.5k during the year ending 06/2021. As we would expect to see with falling revenues, expenses have declined by (7.0%) per year over the past 6 years. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
FOSTERING EDUCATIONAL EXCELLENCE CREATIVITY AND ACHIEVEMENT IN THE LAWRENCE TOWNSHIP PUBLIC SCHOOLS .
Describe the Organization's Program Activity:
Part 3 - Line 4a
IN THE 2020-21 SCHOOL YEAR LTEF AWARDED GRANTS TOTALING MORE THAN $110,000 FOR INNOVATIVE PROGRAMS AND PROJECTS TO ENHANCE THE QUALITY OF TEACHING AND LEARNING IN THE LAWRENCE TOWNSHIP PUBLIC SCHOOL DISTRICT. GRANTS FUNDED INCLUDED A DISTRICT-WIDE EQUITY INITIATIVE FOR $10,000. ANOTHER PROJECT PROVIDED TAKE HOME STEAM KITS FOR HANDS ON AT HOME SCIENCE AND ART LEARNING. ADDITIONALLY SEVERAL SCHOOLS WERE GIVEN FUNDING TO CREATE OR IMPROVE OUTDOOR LEARNING SPACES AND GARDENS. FINALLY STUDENTS ACROSS THE DISTRICT BENEFITED FROM VIRTUAL FIELD TRIPS AND GUEST SPEAKERS AS MUCH OF THE SCHOOL YEAR WAS VIRTUAL.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Charles Snellings Co-Vice President | OfficerTrustee | 1 | $0 |
Drue Stapleton Co-Vice President | OfficerTrustee | 1 | $0 |
Elizabeth Miller Treasurer | OfficerTrustee | 5 | $0 |
Jennifer Hsiao Grants Committee Chair | OfficerTrustee | 1 | $0 |
Vessy Dusichka President | OfficerTrustee | 5 | $0 |
Andrew Tunnard Trustee | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $178 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $142,942 |
| Noncash contributions included in lines 1a–1f | $8,500 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $143,120 |
| Total Program Service Revenue | $0 |
| Investment income | $1,171 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $14,400 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $158,691 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $110,405 |
| 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 | $41,286 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $2,926 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $4,000 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $733 |
| Fees for services: Other | $509 |
| Advertising and promotion | $453 |
| Office expenses | $906 |
| Information technology | $2,497 |
| Royalties | $0 |
| Occupancy | $4,500 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $290 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $423 |
| Insurance | $3,426 |
| All other expenses | $0 |
| Total functional expenses | $177,527 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $109,451 |
| Savings and temporary cash investments | $45,622 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $496 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $168,000 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $323,569 |
| 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 | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $323,569 |
| 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 | $323,569 |
Grants Recieved
Over the last fiscal year, we have identified 7 grants that Lawrence Township Education Foundation Inc has recieved totaling $1,044.
| Awarding Organization | Amount |
|---|---|
Harold D Wetterberg Foundation Morristown, NJ PURPOSE: GENERAL | $500 |
Bristol-Myers Squibb Foundation Inc New York, NY PURPOSE: GENERAL PURPOSE | $200 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $162 |
Bristol-Myers Squibb Foundation Inc New York, NY PURPOSE: EMPLOYEE GIVING PROGRAM | $49 |
Bristol-Myers Squibb Foundation Inc New York, NY PURPOSE: GENERAL PURPOSE | $49 |
Bristol-Myers Squibb Foundation Inc New York, NY PURPOSE: EMPLOYEE GIVING PROGRAM | $42 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Keren Keshet-The Rainbow Foundation New York, NY | $212,134,789 | $28,921,665 |
Roswell Park Alliance Foundation Buffalo, NY | $159,422,911 | $37,424,046 |
World Of Giving Inc Spring Valley, NY | $6,086,190 | $25,054,815 |
Chapel & York Us Foundation Inc New York, NY | $7,715,489 | $28,773,311 |
Give Lively Foundation Inc New York, NY | $21,044,109 | $22,415,300 |
Harlem Rbi Incorporated New York, NY | $85,587,058 | $22,268,250 |
Partnership Schools New York, NY | $64,379,139 | $24,282,663 |
Feeding Pennsylvania Lemoyne, PA | $10,818,120 | $21,841,545 |
Royal College Of Art Usa Inc New York, NY | $1,933,182 | $14,916,047 |
American Friends Of B Nai Levy Foundation Brooklyn, NY | $493,786 | $13,431,000 |
Rf Catalytic Capital Inc New York, NY | $241,603,034 | $246,273,218 |
University Of Pittsburgh And Upmc Medical And Health Sciences Fdn Pittsburgh, PA | $0 | $12,874,250 |