L & L Educational Foundation
- Assets
- $13.1m
- Revenue
- $1.3m
- Investments
- $11.9m
- Employees
- 0
- Location
- Romeo, MI
- Founding
- 06/2005
- Data as of
- 12/2023
- EIN
- 38-2785121
Organization Overview
L & L Educational Foundation is located in Romeo, MI. The organization was established in 2005. 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. L & L Educational Foundation 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 12/2023, L & L Educational Foundation generated $1.3m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 8.3% each year. All expenses for the organization totaled $791.0k during the year ending 12/2023. While expenses have increased by 4.2% per year over the past 6 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.
Since 2017, L & L Educational Foundation has awarded 730 individual grants totaling $4,001,533. 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
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
NONE
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Margaret Domenick-Muscat President | 15 | $0 | |
Justin L Schupp Trustee | 0.1 | $0 | |
Susan Lane Mulka Trustee | 0.1 | $0 | |
Lesle E Cole Trustee | 0.1 | $0 | |
Katherine Clermont Treasurer | 0.25 | $0 | |
Nancy Campbell Trustee | 0.1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $555,150 |
| Interest on Savings | $0 |
| Dividends & Interest | $394,061 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $308,557 |
| Capital Gain Net Income | $308,557 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $1,257,768 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $9,418 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $959 |
| Printing and publications | $0 |
| Other expenses | $49,074 |
| Total operating and administrative expenses | $62,251 |
| Contributions, gifts, grants paid | $728,793 |
| Total expenses and disbursements | $791,044 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $1,112,553 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $11,214 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $13,056,391 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, L & L Educational Foundation has awarded $728,793 in support to 107 organizations.
| Grant Recipient | Amount |
|---|---|
ADKISONAUSTIN PURPOSE: EDUCATION | $1,573 |
ALGERJASON PURPOSE: EDUCATION | $7,594 |
ASAYKATHLEEN PURPOSE: EDUCATION | $3,152 |
APFELCHRIS PURPOSE: EDUCATION | $7,500 |
ASAYJOHNATHAN PURPOSE: EDUCATION | $3,735 |
BORJARONI FLORENTINE PURPOSE: EDUCATION | -$459 |