Leaders In Furthering Education Inc
- Assets
- $1.3m
- Revenue
- $948.7k
- Investments
- $0.0
- Employees
- 0
- Location
- Manalapan, FL
- Founding
- 09/1994
- Data as of
- 12/2023
- EIN
- 58-2087274
Organization Overview
Leaders In Furthering Education Inc, operating under the name Life, is located in Manalapan, FL. The organization was established in 1994. According to its NTEE Classification (T50) the organization is classified as: Philanthropy, Charity & Voluntarism Promotion, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Life 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 12/2023, Life generated $948.7k in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 3.2% each year. All expenses for the organization totaled $1.2m during the year ending 12/2023. While expenses have increased by 7.4% per year over the past 9 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
LEADERS IN FURTHERING EDUCATION, INC. GIVES LIFE TO THOSE WHO ARE DISADVANTAGED, MARGINALIZED OR FORGOTTEN BECAUSE OF DISABILITIES, SOCIO-ECONOMIC STATUS, NEGLECT, ABUSE & OTHER BARRIERS. OUR MISSION IS ACCOMPLISHED BY RAISING FUNDS TO CONTRIBUTE TO OTHER 501(C)(3) ORGANIZATIONS WHITH PROGRAMS WHICH SUPPORT THAT MISSION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
FUNDS WERE DONATED TO 501(C)(3) ORGANIZATIONS: AMERICAN HUMANE (FOUNDED IN 1877) WHICH IS COMMITTED TO THE PROTECTION OF CHILDREN AND ANIMALS FROM CRUELTY, ABUSE AND NEGLECT, AND TO SERVE AS THEIR VOICE; THE PALM BEACH COUNTY FOOD BANK WHICH DISTRIBUTES FOOD TO OVER 200 NON-PROFIT AGENCIES IN PALM BEACH COUNTY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Lois B Pope President | OfficerTrustee | 8 | $0 |
Elsa Johnson Treasurer | OfficerTrustee | 2 | $0 |
Robert Miller Vp/secretary | OfficerTrustee | 2 | $0 |
Walter Schwenk Director | Trustee | 0.5 | $0 |
Sunny Sessa Director | Trustee | 0.5 | $0 |
Simone Bonutti Director | Trustee | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $448,895 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $784,704 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,233,599 |
| 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 | -$284,893 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $948,706 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $900,000 |
| 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 | $26,950 |
| Advertising and promotion | $40,846 |
| Office expenses | $0 |
| Information technology | $1,875 |
| 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 | $5,552 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $5,612 |
| All other expenses | $0 |
| Total functional expenses | $1,246,707 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $737,837 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,450 |
| 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 | $474,275 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $54,748 |
| Total assets | $1,268,310 |
| 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 | $1,268,310 |
| Total liabilities and net assets/fund balances | $1,268,310 |
Grants Awarded
Over the last fiscal year, Leaders In Furthering Education Inc has awarded $900,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
PALM BEACH COUNTY FOOD BANK INC PURPOSE: DISTRIBUTION OF FOOD TO OVER 200 NON-PROFIT AGENCIES IN PALM BEACH COUNTY | $450,000 |
AMERICAN HUMANE PURPOSE: PROTECTION OF CHILDREN AND ANIMALS FROM CRUELTY, ABUSE AND NEGLECT, AND TO SERVE AS THEIR VOICE. | $450,000 |