Lucent Education Association
- Assets
- $240.9k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Ennis, TX
- Founding
- 04/2015
- Data as of
- 12/2021
- EIN
- 47-3441699
Organization Overview
Lucent Education Association is located in Ennis, TX. The organization was established in 2015. According to its NTEE Classification (B40) the organization is classified as: Higher Education, 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. Lucent Education Association 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, Lucent Education Association generated $131.6k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 3 years, the organization has seen revenues fall by an average of (3.1%) each year. All expenses for the organization totaled $172.3k during the year ending 12/2021. 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
2021
Describe the Organization's Program Activity:
Part 3
880 ENROLLMENTS IN 2021
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Selma Teles Oliveira Secretary | 40 | $10,000 | |
Carlos Oliveira CEO | 50 | $53 | |
Matheus Teles Oliveira Vice President | 10 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $53,372 |
| Total Program Service Revenue | $78,215 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $131,587 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $63,115 |
| Professional fees and other payments to independent contractors | $41,751 |
| Occupancy, rent, utilities, and maintenance | $4,124 |
| Printing, publications, postage, and shipping | $61 |
| Other expenses | $63,297 |
| Total expenses | $172,348 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $210,831 |
| Other assets | $0 |
| Total assets | $240,850 |
| Total liabilities | $362,284 |
| Net assets or fund balances | -$121,434 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Lucent Education Association has recieved totaling $57.
| Awarding Organization | Amount |
|---|---|
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $57 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Criswell College Dallas, TX | $48,370,190 | $10,030,581 |
Northeastern State University Foundation Inc Tahlequah, OK | $45,168,633 | $4,906,328 |
Unam-Usa San Antonio, TX | $1,629,192 | $3,843,088 |
Center For Venture Education Inc Austin, TX | $106,820,676 | $4,487,131 |
Commonwealth Institute Of Funeral Service Houston, TX | $8,054,395 | $3,674,462 |
Lion Athletic Association Hammond, LA | $2,289,919 | $1,876,980 |
Delta Campus Facilities Corporation Monroe, LA | $25,919,156 | $3,154,481 |
International A L E R T Academy Big Sandy, TX | $844,337 | $1,167,358 |
Victoria College Foundation Inc Victoria, TX | $20,046,408 | $4,182,138 |
Louisiana Baptist University Shreveport, LA | $3,274,733 | $698,291 |
Education Alternatives Inc Fort Worth, TX | $649,007 | $757,814 |
Pawnee Nation College Pawnee, OK | $252,304 | $705,215 |