Mercer Island Launch Educational Advocacy Project
- Assets
- $195.4k
- Revenue
- $46.1k
- Investments
- $194.9k
- Employees
- 0
- Location
- Mercer Island, WA
- Founding
- 06/2018
- Data as of
- 12/2023
- EIN
- 83-0955304
Organization Overview
Mercer Island Launch Educational Advocacy Project is located in Mercer Island, WA. The organization was established in 2018. According to its NTEE Classification (B01) the organization is classified as: Alliances & Advocacy, 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. Mercer Island Launch Educational Advocacy Project 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, Mercer Island Launch Educational Advocacy Project generated $46.1k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (4.0%) each year. All expenses for the organization totaled $8.9k during the year ending 12/2023. 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
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
THERE ARE CURRENTLY EIGHT STUDENTS IN THREE COHORTS IN THE PROGRAM.THESE STUDENTS RECEIVE EDUCATIONAL GUIDANCE AND SUPPORT, EXTRACURRICULAR ACTIVITIES AND SUPPORT, AND COLLEGE PLANNING COUNSELING AND FINANCIAL AID STRATEGIES, AS WELL AS MENTORSHIP THROUGH VOLUNTEER FAMILY ADVOCATES WHO ARE COMMUNITY VOLUNTEERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Stephanie Creswell President | 8 | $0 | |
Bradford Creswell Treasurer | 2 | $0 | |
Joey Rudee Secretary | 1 | $0 | |
Sandra Rorem Director | 0.5 | $0 | |
Susie Brown Director | 0.5 | $0 | |
Paige Linton Director | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $42,036 |
| Interest on Savings | $0 |
| Dividends & Interest | $5,470 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$1,370 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $46,136 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $7,980 |
| Total operating and administrative expenses | $8,893 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $8,893 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $100 |
| Net Accounts receivable | $0 |
| 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 | $350 |
| Total assets | $195,370 |
| Accounts payable and accrued expenses | $892 |
| 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 | $892 |