Lonsdale Ave Support Corporation
- Assets
- $1.8m
- Revenue
- $73.5k
- Investments
- $0.0
- Employees
- 0
- Location
- New York, NY
- Founding
- 02/2015
- Data as of
- 12/2021
- EIN
- 47-1790978
Organization Overview
Lonsdale Ave Support Corporation is located in New York, NY. The organization was established in 2015. According to its NTEE Classification (S19) the organization is classified as: Support N.E.C., 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. Lonsdale Ave Support 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 12/2021, Lonsdale Ave Support Corporation generated $73.5k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 74.4% each year .
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
SEE ATTACHMENT
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE CORPORATION WAS FORMED FOR THE PURPOSE OF ASSISTING NOT-FOR-PROFIT CHARTER SCHOOL OPERATORS IN THE DEVELOPMENT OF NEW SCHOOL FACILITIES BY HOLDING TITLE TO PROPERTY WHICH WILL THEN BE DEVELOPED AS NEW CHARTER SCHOOLS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
David Umansky President | Officer | 1 | $0 |
Frank Buccola Secretary & Treasurer | Officer | 1 | $0 |
Jeremy Chiappetta Vice President | Officer | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $73,546 |
| 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 | $73,546 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| 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 | $73,546 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $73,546 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| 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 | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| 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 | $0 |
| Insurance | $0 |
| All other expenses | $138 |
| Total functional expenses | $73,684 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $198 |
| Savings and temporary cash investments | $0 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $1,762,782 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,762,980 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $0 |
| 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 | $1,762,980 |
| Total liabilities and net assets/fund balances | $1,762,980 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Lonsdale Ave Support Corporation has recieved totaling $205,152.
| Awarding Organization | Amount |
|---|---|
Organization Name not Listed PURPOSE: TO SUPPORT LONSDALE AVE SUPPORT CORPORATION IN ITS MISSION TO SUPPORT CHARTER SCHOOLS. | | $102,576 |
Organization Name not Listed PURPOSE: TO SUPPORT LONSDALE AVE SUPPORT CORPORATION IN ITS MISSION TO SUPPORT CHARTER SCHOOLS. | | $102,576 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Nonprofit Development Corporation Inc Butler, PA | $3,393,535 | $1,924,841 |
Ascend Foundation Inc New York, NY | $4,154,499 | $2,910,361 |
Ownership Works Inc New York, NY | $21,261,059 | $21,548,708 |
Upstate Venture Connect Corporation Little Falls, NY | $121,861 | $277,504 |
Joie De Vie Properties Inc River Edge, NJ | $2,727,381 | $246,224 |
Beautiful Trouble Inc New York, NY | $258,057 | $346,876 |
Center In Midland Pa Midland, PA | $232,032 | $289,321 |
South Asian Engagement Foundation A Nj Nonprofit Corporation Metuchen, NJ | $127,911 | $224,254 |
Hubweek Inc Boston, MA | $966,556 | $899,423 |
Montague Reporter Incorporated Turners Falls, MA | $1,274 | $0 |
Northpointe At Slate Lick Lot Owners Association Kittanning, PA | $319,576 | $99,327 |
Lonsdale Ave Support Corporation New York, NY | $1,762,980 | $73,546 |