Glasgow Lions Service Foundation Inc
- Assets
- $49.7k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Newark, DE
- Founding
- 07/1988
- Data as of
- 06/2024
- EIN
- 51-0304499
Organization Overview
Glasgow Lions Service Foundation Inc is located in Newark, DE. The organization was established in 1988. According to its NTEE Classification (S80) the organization is classified as: Community Service Clubs, 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. Glasgow Lions Service Foundation Inc 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 06/2024, Glasgow Lions Service Foundation Inc generated $4.6k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 9 years, the organization has seen revenues fall by an average of (4.9%) each year. All expenses for the organization totaled $2.7k during the year ending 06/2024. As we would expect to see with falling revenues, expenses have declined by (8.9%) per year over the past 9 years. 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
2024
Describe the Organization's Program Activity:
Part 3
PURCHASE OF EYE GLASSES, EYE EXAMS, HOSPITAL EQUIPMENT, FOOD BASKETS, SPORTS PROGRAMS, AND OTHER PHILANTHROPIC MEASURES TO HELP THE NEEDY WITHIN THE COMMUNITIES OF BEAR, GLASGOW, AND NEWARK DELAWARE
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Keith Thompson Treasurer | 5 | $0 | |
Earl Jaques President | 5 | $0 | |
Loretta Maclaren Secretary | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $783 |
| Total Program Service Revenue | $590 |
| Membership dues | $0 |
| Investment income | $1,411 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $1,804 |
| Other Revenue | $0 |
| Total Revenue | $4,588 |
| 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 | $0 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $538 |
| Total expenses | $2,688 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $47,849 |
| Other assets | $0 |
| Total assets | $49,695 |
| Total liabilities | $0 |
| Net assets or fund balances | $49,695 |