Lego Foundation Inc
- Assets
- $1.7m
- Revenue
- $2.5m
- Investments
- $0.0
- Employees
- 0
- Location
- Boston, MA
- Founding
- 07/2019
- Data as of
- 12/2022
- EIN
- 82-1383051
Organization Overview
Lego Foundation Inc is located in Boston, MA. The organization was established in 2019. According to its NTEE Classification (O99) the organization is classified as: Youth Development N.E.C., under the broad grouping of Youth Development and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Lego 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 12/2022, Lego Foundation Inc generated $2.5m in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 48.3% each year . All expenses for the organization totaled $1.4m during the year ending 12/2022. While expenses have increased by 20.0% per year over the past 5 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
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE GOAL OF THE ORGANIZATION IS TO SUPPORT DIRECTLY AND INDIRECTLY CHILDREN, CHILD DEVELOPMENT, EDUCATION AND RESEARCH IN CHILD DEVELOPMENT AND EDUCATION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Tina Bache Soerensen President And CEO | 1 | $0 | |
Lene Thisgaard Nielsen Treasurer | 1 | $0 | |
Sidsel Marie Kristensen Clerk | 1 | $0 | |
Ane Askjaer Assistant Clerk | 1 | $0 | |
Alice Jowett Initiatives Lead | 40 | $224,400 | |
John Goodwin President-To 5/22 | 40 | $122,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $2,500,000 |
| Interest on Savings | $0 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $10,500 |
| Total Revenue | $2,510,500 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $1,075,402 |
| Pension plans, employee benefits | $70,762 |
| Interest | $0 |
| Taxes | $66,880 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $1,039 |
| Printing and publications | $0 |
| Other expenses | $94,815 |
| Total operating and administrative expenses | $1,350,869 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $1,350,869 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $192,540 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $1,500,000 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $1,692,540 |
| Accounts payable and accrued expenses | $53,969 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $53,969 |