Lawrence Partnership
- Assets
- $1.2m
- Revenue
- $2.0m
- Investments
- $0.0
- Employees
- 0
- Location
- Lawrence, MA
- Founding
- 08/2015
- Data as of
- 06/2021
- EIN
- 47-1019447
Organization Overview
Lawrence Partnership is located in Lawrence, MA. The organization was established in 2015. According to its NTEE Classification (S30) the organization is classified as: Economic Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Lawrence Partnership 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 06/2021, Lawrence Partnership generated $2.0m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 56.0% each year . All expenses for the organization totaled $1.3m during the year ending 06/2021. While expenses have increased by 45.6% 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 2019, Lawrence Partnership has awarded 11 individual grants totaling $3,145,645. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
PRIVATE/PUBLIC SECTOR COLLABORATION FOR THE ECONOMIC DEVELOPMENT OF THE CITY OF LAWRENCE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PRIVATE/PUBLIC SECTOR COLLABORATIONS FOR THE ECONOMIC DEVELOPMENT AND GENERAL IMPROVEMENT OF THE CITY OF LAWRENCE AND SURROUNDING CITIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Derek Mitchell Executive Di | Officer | 37.5 | $99,157 |
Lane Glenn Founding Cha | OfficerTrustee | 1 | $0 |
Wendy Estrella Chair | OfficerTrustee | 1 | $0 |
Socrates DE La Cruz Vice Chair | OfficerTrustee | 1 | $0 |
Gary Sidell Secretary | OfficerTrustee | 1 | $0 |
Heather Mcmann Treasurer | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $76,627 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,628,974 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,705,601 |
| Total Program Service Revenue | $248,140 |
| Investment income | $12,315 |
| 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 | $1,966,056 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $270,500 |
| 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. | $149,244 |
| Compensation of current officers, directors, key employees. | $70,145 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $162,307 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $60,449 |
| Payroll taxes | $5,299 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $33,680 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $563,346 |
| Advertising and promotion | $625 |
| Office expenses | $39,944 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $3,657 |
| Travel | $4,066 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $29,917 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $554 |
| All other expenses | $0 |
| Total functional expenses | $1,329,246 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $246,277 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $182,750 |
| Accounts receivable, net | $474,519 |
| 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 | $148 |
| Net Land, buildings, and equipment | $249,500 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,153,194 |
| Accounts payable and accrued expenses | $261,136 |
| 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 | $2,078 |
| Other liabilities | $4,180 |
| Total liabilities | $267,394 |
| Net assets without donor restrictions | $368,281 |
| Net assets with donor restrictions | $517,519 |
| 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 | $1,153,194 |
Grants Awarded
Over the last fiscal year, Lawrence Partnership has awarded $270,500 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
TOWN OF ANDOVER | | | $135,000 |
CITY OF LAWRENCE PURPOSE: LOCAL GIFT CARD | $70,500 |
TOWN OF NORTH ANDOVER | | | $65,000 |
Grants Recieved
Over the last fiscal year, we have identified 7 grants that Lawrence Partnership has recieved totaling $373,900.
| Awarding Organization | Amount |
|---|---|
Essex County Community Foundation Incorporated Danvers, MA | | $263,500 |
Barr Foundation Boston, MA PURPOSE: SECTOR EFFECTIVENESS: TO SUPPORT LEADS, THE NEXT PHASE OF LAWRENCE LEADS | $75,000 |
Eastern Bank Charitable Foundation Lynn, MA PURPOSE: EXEMPT PURPOSE | $10,400 |
Jeanne Darc Credit Union Lowell, MA PURPOSE: CHARITABLE CONTRIBUTIONS | $10,000 |
Rcb Charitable Foundation Inc Reading, MA PURPOSE: GENERAL SUPPORT | $7,500 |
Pentucket Bank Charitable Foundation Inc Haverhill, MA PURPOSE: EXEMPT PURPOSES | $5,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Sports Fans Coalition Ny Inc Ronkonkoma, NY | $633,460 | $8,459,536 |
Greater Boston Convention And Tourist Bureau Inc Boston, MA | $3,175,283 | $8,778,402 |
Granite State Economic Development Corp Portsmouth, NH | $20,832,618 | $9,324,758 |
Structured Employment Economic Development Corporation New York, NY | $3,440,081 | $6,983,803 |
Nybdc Local Development Corporation Albany, NY | $39,799,179 | $11,401,541 |
Venture For America Inc New York, NY | $3,605,973 | $6,866,605 |
Trufund Financial Services Inc New York, NY | $14,181,328 | $2,317,905 |
Griffiss Local Development Corporation Rome, NY | $28,823,478 | $3,861,279 |
Metrotech Area District Management Association Inc Brooklyn, NY | $3,270,355 | $4,991,826 |
Kiryas Joel Municipal Local Development Corporation Monroe, NY | $2,561,042 | $4,665,324 |
Connecticut Economic Resource New Haven, CT | $3,997,158 | $4,805,353 |
Greater New Bedford Workforce Investment Board Inc New Bedford, MA | $1,194,439 | $3,887,016 |