Leary Educational Foundation Inc
- Assets
- $11.5m
- Revenue
- $7.5m
- Investments
- $1.2m
- Employees
- 145
- Location
- Winchester, VA
- Founding
- 05/1971
- Data as of
- 06/2022
- EIN
- 54-0885291
Organization Overview
Leary Educational Foundation Inc is located in Winchester, VA. The organization was established in 1971. According to its NTEE Classification (F33) the organization is classified as: Residential Mental Health Treatment, under the broad grouping of Mental Health & Crisis Intervention and related organizations. As of 06/2022, Leary Educational Foundation Inc employed 145 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Leary Educational 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 06/2022, Leary Educational Foundation Inc generated $7.5m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (3.3%) each year. All expenses for the organization totaled $7.7m during the year ending 06/2022. As we would expect to see with falling revenues, expenses have declined by (1.5%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO OPERATE A RESIDENTIAL SCHOOL SERVING YOUNG MEN WITH A HISTORY OF SERIOUS EMOTIONAL, LEARNING, AND BEHAVIORAL DIFFICULTIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
OPERATION OF A RESIDENTIAL SCHOOL SERVING YOUNG MEN WITH A HISTORY OF SERIOUS EMOTIONAL, LEARNING, AND BEHAVORIAL DIFFICULTIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dr John J Lamanna Former Executive Director | 0 | $746,941 | |
Derek Unger CEO | Officer | 40 | $137,362 |
Robbie Marchant Director, Fin. Services | Officer | 40 | $109,168 |
Susan Groom Director, Education Direct | 40 | $105,932 | |
Dr Troy M Glembot Chairman | OfficerTrustee | 1 | $0 |
Ms Julia M Connell Treasurer | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $29,640 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $358,609 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $388,249 |
| Total Program Service Revenue | $7,031,173 |
| Investment income | $3,727 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$1,106 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $7,471,815 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| 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. | $267,656 |
| Compensation of current officers, directors, key employees. | $190,656 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $4,610,049 |
| Pension plan accruals and contributions | $67,959 |
| Other employee benefits | $716,856 |
| Payroll taxes | $348,711 |
| 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 | $175,829 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $4,835 |
| Interest | $147,031 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $343,112 |
| Insurance | $0 |
| All other expenses | $91,502 |
| Total functional expenses | $7,708,162 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $5,987 |
| Savings and temporary cash investments | $1,072,311 |
| Pledges and grants receivable | $155,100 |
| Accounts receivable, net | $1,075,554 |
| 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 | $80,563 |
| Net Land, buildings, and equipment | $5,575,335 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $1,240,643 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $2,252,527 |
| Total assets | $11,458,020 |
| Accounts payable and accrued expenses | $828,104 |
| 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 | $2,471,348 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $1,229,273 |
| Total liabilities | $4,528,725 |
| Net assets without donor restrictions | $5,946,074 |
| Net assets with donor restrictions | $983,221 |
| 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 | $11,458,020 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Leary Educational Foundation Inc has recieved totaling $20,000.
| Awarding Organization | Amount |
|---|---|
The Pruitt Foundation Inc Chantilly, VA PURPOSE: FURTHERANCE OF CHARITABLE PURPOSES | $20,000 |
Endowment Analysis
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Community Multi Services Inc Silver Spring, MD | $5,493,685 | $18,375,750 |
Pathway Homes Inc Fairfax, VA | $26,877,670 | $17,405,193 |
Vesta Inc Lanham, MD | $93,468,141 | $23,840,166 |
B & D Integrated Health Services Durham, NC | $4,788,708 | $11,835,093 |
Cooperriis Inc Mill Spring, NC | $12,718,463 | $13,153,723 |
Comprehend Inc Regional Mental Health-Mental Retardation Board In Maysville, KY | $11,822,807 | $11,248,090 |
Residential Services Inc Chapel Hill, NC | $17,802,150 | $11,666,621 |
Fidelity Resources Incorporated Towson, MD | $5,393,131 | $13,537,052 |
My Own Place Inc Hyattsville, MD | $11,287,984 | $12,398,898 |
Charterhouse School Inc Richmond, VA | $1,399,029 | $7,716,111 |
Leary Educational Foundation Inc Winchester, VA | $11,458,020 | $7,471,815 |
Diocesan Catholic Childrens Home Inc Ft Mitchell, KY | $13,133,511 | $6,253,027 |