Lep Foundation For Youth Education
- Assets
- $25.6k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Millstone Township, NJ
- Founding
- 03/2010
- Data as of
- 12/2022
- EIN
- 27-0817346
Organization Overview
Lep Foundation For Youth Education is located in Millstone Township, NJ. The organization was established in 2010. According to its NTEE Classification (B82) the organization is classified as: Scholarships & Student Financial Aid, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Lep Foundation For Youth Education 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 12/2022, Lep Foundation For Youth Education generated $38.4k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 0.7% each year. All expenses for the organization totaled $54.6k during the year ending 12/2022. While expenses have increased by 10.7% per year over the past 8 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
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3
PROVIDING SCHOLARSHIPS TO YOUNGSTERS SEEKING TO FURTHER THEIR EDUCATIONAL ASPIRATIONS. AWARDED TO YOUTH IN THE FOLLOWING THREE CATEGORIES: DISABLED YOUTH, ECONOMICALLY DISADVANTAGED YOUTH, AND ACADEMIC/ATHLETIC ACHIEVEMENT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jack Lepping Trustee | 1 | $0 | |
David Lepping Chair | 1 | $0 | |
Gary Hoagland Trustee | 1 | $0 | |
Kenneth Lepping Trustee | 1 | $0 | |
Kevin Hoagland Vice-Chair | 1 | $0 | |
Linda Dimmick Treasurer | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $26,967 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $11,405 |
| Other Revenue | $0 |
| Total Revenue | $38,372 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $1,638 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $954 |
| Other expenses | $2,000 |
| Total expenses | $54,592 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $25,574 |
| Other assets | $0 |
| Total assets | $25,574 |
| Total liabilities | $0 |
| Net assets or fund balances | $25,574 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Lep Foundation For Youth Education has recieved totaling $5,271.
| Awarding Organization | Amount |
|---|---|
Mike & Patti Hennessy Foundation Inc Cranbury, NJ PURPOSE: YOUTH EDUCATION AND FINANCIAL ASSISTANCE TO YOUNG PEOPLE WHO SUFFER FROM PHYSICAL DISABILITIES AND ECONOMICAL HARDSHIP | $5,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $271 |
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