Lawrenceville Development Corporation
- Assets
- $2.1m
- Revenue
- $862.8k
- Investments
- $1.1m
- Employees
- 5
- Location
- Pittsburgh, PA
- Founding
- 04/1985
- Data as of
- 09/2023
- EIN
- 25-1471440
Organization Overview
Lawrenceville Development Corporation is located in Pittsburgh, PA. The organization was established in 1985. According to its NTEE Classification (S20) the organization is classified as: Community & Neighborhood Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 09/2023, Lawrenceville Development Corporation employed 5 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Lawrenceville Development Corporation 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 09/2023, Lawrenceville Development Corporation generated $862.8k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (5.1%) each year. All expenses for the organization totaled $795.2k during the year ending 09/2023. As we would expect to see with falling revenues, expenses have declined by (21.9%) per year over the past 4 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Lawrenceville Development Corporation has awarded 11 individual grants totaling $1,225,000. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO ACT AS A CATALYST AND CONDUIT FOR RESPONSIBLE GROWTH AND REINVESTMENT IN THE LAWRENCEVILLE COMMUNITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
BUSINESS DEVELOPMENT - REVITALIZING THE NEIGHBORHOOD BUSINESS DISTRICT IN LAWRENCEVILLE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Lauren Byrne Connelly Former Ex. Dir. | Officer | 40 | $76,802 |
Sarah Trbovic Executive Dir. | Officer | 40 | $67,568 |
Stephen Casey Board Member | Trustee | 2 | $0 |
David Green Board Member | Trustee | 2 | $0 |
David Tobiczyk Secretary | OfficerTrustee | 2 | $0 |
George Arendas Treasurer | OfficerTrustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $117,655 |
| All other contributions, gifts, grants, and similar amounts not included above | $539,910 |
| Noncash contributions included in lines 1a–1f | $6,213 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $657,565 |
| Total Program Service Revenue | $79,030 |
| Investment income | $40,022 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $70,336 |
| Net Gain/Loss on Asset Sales | $11,569 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $862,757 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $306,734 |
| 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. | $144,370 |
| Compensation of current officers, directors, key employees. | $12,993 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $102,249 |
| Pension plan accruals and contributions | $6,639 |
| Other employee benefits | $8,556 |
| Payroll taxes | $19,045 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $47,745 |
| Advertising and promotion | $18,548 |
| Office expenses | $9,041 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $11,238 |
| Travel | $818 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,834 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $25,794 |
| Insurance | $9,131 |
| All other expenses | $11,678 |
| Total functional expenses | $795,206 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $15,274 |
| Savings and temporary cash investments | $669,797 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $8,740 |
| 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 | $6,662 |
| Net Land, buildings, and equipment | $267,837 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $1,105,004 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $18,775 |
| Total assets | $2,092,089 |
| Accounts payable and accrued expenses | $16,927 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $31,643 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $40,955 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $3,194 |
| Total liabilities | $92,719 |
| Net assets without donor restrictions | $1,899,858 |
| Net assets with donor restrictions | $99,512 |
| 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 | $2,092,089 |
Grants Awarded
Over the last fiscal year, Lawrenceville Development Corporation has awarded $305,000 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
CHILDRENS HOSPITAL OF PITT F PURPOSE: Various Community Programs | $10,000 |
CITY OF BRIDGES CLT PURPOSE: Various Community Programs | $100,000 |
LAWRENCEVILLE UNITED PURPOSE: Various Community Programs | $195,000 |