Lower Merion Educational Assoc
- Assets
- $740.8k
- Revenue
- $224.6k
- Investments
- $0.0
- Employees
- 14
- Location
- Bala Cynwyd, PA
- Founding
- 03/1990
- Data as of
- 08/2023
- EIN
- 23-7084700
Organization Overview
Lower Merion Educational Assoc is located in Bala Cynwyd, PA. The organization was established in 1990. According to its NTEE Classification (J40) the organization is classified as: Labor Unions, under the broad grouping of Employment and related organizations. As of 08/2023, Lower Merion Educational Assoc employed 14 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Lower Merion Educational Assoc is a 501(c)(5) and as such, is described as a "Labor, Agricultural, and Horticultural Organization" by the IRS.
For the year ending 08/2023, Lower Merion Educational Assoc generated $224.6k in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (2.3%) each year. All expenses for the organization totaled $200.5k during the year ending 08/2023. As we would expect to see with falling revenues, expenses have declined by (1.3%) per year over the past 8 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO PROMOTE SOUND EDUCATION PROGRAMS IN THE LOWER MERION SCHOOL DISTRICT & TO PROMOTE AND ADVANCE THE INTEREST AND WELFARE OF THE ORGANIZATION'S MEMBERSHIP.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROMOTE SOUND EDUCATION PROGRAMS IN THE LOWER MERION SCHOOL DISTRICT & TO PROMOTE AND ADVANCE THE INTEREST AND WELFARE OF THE ORGANIZATION'S MEMBERSHIP.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Aimee Avellino President | OfficerTrustee | 38 | $18,082 |
Victor Fedeli Vp-Support | OfficerTrustee | 30 | $12,879 |
Darlene Mandarino Treasurer | OfficerTrustee | 5 | $10,846 |
Elizabeth Mcdevitt Secretary Supp. | OfficerTrustee | 2 | $9,058 |
Andrew Thomas First VP | OfficerTrustee | 25 | $9,046 |
Kelly Cenicola Prof. Secretary | OfficerTrustee | 10 | $9,046 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $221,663 |
| 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 | $221,663 |
| Total Program Service Revenue | $0 |
| Investment income | $1,917 |
| 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 | $224,612 |
| 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. | $68,957 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $43,409 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $10,414 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $5,007 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $19,354 |
| Information technology | $0 |
| 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 | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $10,468 |
| Insurance | $0 |
| All other expenses | $857 |
| Total functional expenses | $200,492 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $487,520 |
| Pledges and grants receivable | $0 |
| 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 | $3,709 |
| Net Land, buildings, and equipment | $249,546 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $740,775 |
| Accounts payable and accrued expenses | $5,435 |
| 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 | $1 |
| Total liabilities | $5,436 |
| Net assets without donor restrictions | $735,339 |
| 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 | $740,775 |