Lawrence Township Education Foundation Inc
- Assets
- $311.6k
- Revenue
- $273.6k
- Investments
- $148.1k
- Employees
- 2
- Location
- Lawrenceville, NJ
- Founding
- 01/1993
- Data as of
- 06/2022
- 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 06/2022, 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 06/2022, Lawrence Township Education Foundation Inc generated $273.6k in total revenue. The organization has seen a slow decline revenue. Over the past 6 years, revenues have fallen by an average of (0.7%) each year. All expenses for the organization totaled $273.4k during the year ending 06/2022. 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
FOSTERING EDUCATIONAL EXCELLENCE CREATIVITY AND ACHIEVEMENT IN THE LAWRENCE TOWNSHIP PUBLIC SCHOOLS .
Describe the Organization's Program Activity:
Part 3 - Line 4a
IN THE 2021-22 SCHOOL YEAR LTEF AWARDED GRANTS TOTALING MORE THAN $187,000 FOR 61 INNOVATIVE PROGRAMS AND PROJECTS TO ENHANCE THE QUALITY OF TEACHING AND LEARNING IN THE LAWRENCE TOWNSHIP PUBLIC SCHOOL DISTRICT. GRANTS FUNDED INCLUDED $10,000 FOR THE LAWRENCE TOWNSHIP COMMUNITY CONVERSATIONS CENTERED AROUND EQUITY & DIVERSITY. ANOTHER GRANT PROVIDED $23,000 TO PURCHASE MOBILE MAKERSPACES FOR THREE ELEMENTARY SCHOOLS THAT DID NOT HAVE ONE. OTHER PROJECTS INCLUDE: DECODABLE READERS FOR BEGINNING AND STRUGGLING READERS; A GAGA PIT FOR ONE ELEMENTARY SCHOOL; TWO DAYS OF IMMERSION IN LITERATURE AND ART FROM VISITING AUTHOR AND ARTIST OGE MORA FOR ONE ELEMENTARY SCHOOL; MANGA AND ANIME BOOKS FOR 6TH GRADE STUDENTS IN ORDER TO INCREASE INTEREST IN READING; FLEXIBLE SEATING OPTIONS STANDING DESKS FLOOR BANDS & CHAIR BANDS AT THE INTERMEDIATE SCHOOL; AND LIVING HOUSEHOLD ITEMS FOR THE QUEST TRANSITION PROGRAM FOR STUDENTS IN GRADES 9 THROUGH 12+ AT LHS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Andrew Tunnard Trustee | Trustee | 1 | $0 |
Carolyn Sienicki Trustee | Trustee | 1 | $0 |
Catherine Taeffner Trustee | Trustee | 1 | $0 |
Charles Snellings Vice President | OfficerTrustee | 1 | $0 |
Drue Stapleton President | OfficerTrustee | 1 | $0 |
Elizabeth Miller Treasurer | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $1,236 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $254,697 |
| Noncash contributions included in lines 1a–1f | $8,800 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $255,933 |
| Total Program Service Revenue | $0 |
| Investment income | $2,568 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$922 |
| Net Income from Fundraising Events | $16,052 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $273,631 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $187,126 |
| 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 | $52,144 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $4,582 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $1,500 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $1,121 |
| Fees for services: Other | $659 |
| Advertising and promotion | $449 |
| Office expenses | $3,841 |
| Information technology | $4,435 |
| Royalties | $0 |
| Occupancy | $6,000 |
| Travel | $0 |
| 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 | $3,663 |
| All other expenses | $0 |
| Total functional expenses | $273,370 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $116,305 |
| Savings and temporary cash investments | $45,676 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,556 |
| 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 | $148,099 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $311,636 |
| Accounts payable and accrued expenses | $7,707 |
| 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 | $7,707 |
| Net assets without donor restrictions | $303,929 |
| 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 | $311,636 |