Elizabeth L Lawrence Foundation Inc
- Assets
- $52.9k
- Revenue
- $4.1k
- Investments
- $0.0
- Employees
- 0
- Location
- Falls Church, VA
- Founding
- 02/2019
- Data as of
- 12/2021
- EIN
- 83-2243194
Organization Overview
Elizabeth L Lawrence Foundation Inc is located in Falls Church, VA. The organization was established in 2019. According to its NTEE Classification (A25) the organization is classified as: Arts Education, under the broad grouping of Arts, Culture & Humanities and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Elizabeth L Lawrence 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 12/2021, Elizabeth L Lawrence Foundation Inc generated $4.1k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 3 years, the organization has seen revenues fall by an average of (24.2%) each year.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FOUNDATION ORGANIZED A FREE CONCERT FEATURING PERFORMANCES IN CLASSICAL MUSIC AND FROM THE GREAT AMERICAN SONGBOOK.
THE FOUNDATION DEVELOPED AND SUPPORTED A SCHOLARSHIP PROGRAM FOR HIGH SCHOOL STUDENTS WHO WILL ATTEND COLLEGE COLLEGE STUDENTS AND POST-GRADUATE STUDENTS INTERESTED IN PURSUING A COURSE DEGREE OR OTHER SUCH PROGRAM IN THE FIELD OF MUSIC. THIS ACTIVITY IS CENTRAL TO ITS CHARITABLE PURPOSE.
THE FOUNDATION CONTINUED TO EXPLORE WAYS TO SERVE AS A SOURCE OF INFORMATION AVAILABLE TO THE PUBLIC. IT STREAMED THE CONCERT PERFORMANCES IN ITEM 1 ABOVE AND WILL STREAM PERFORMANCES OF ITS SCHOLARSHIP RECIPIENTS ON-LINE.
NOTE THAT THE FOUNDATION INCURRED NO EXPENSES FOR THE DIRECT CHARITABLE ACTIVITIES IN ITEMS 1-3 IN 2021 BUT IT COMMITTED TO AND DID PAY GRANTS TO A HIGH SCHOOL MADEIRA AND TO VIRGINIA TECH UNIVERSITY TOTALING $3,804 TO BE USED TO FURTHER THE EDUCATION IN MUSIC OF STUDENTS WHO ARE PURSUING OR WHO WILL PURSUE COURSES OR DEGREES IN MUSIC.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Gregory Martino President | 3 | $0 | |
Thomas Strother Treasurer | 1 | $0 | |
Patricia Donnelly Secretary | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $4,148 |
| 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 | $0 |
| Total Revenue | $4,148 |
| 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 | $0 |
| Total operating and administrative expenses | $0 |
| Contributions, gifts, grants paid | $3,804 |
| Total expenses and disbursements | $3,804 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $52,942 |
| Savings and temporary cash investments | $0 |
| 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 | $0 |
| Total assets | $52,942 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
Grants Awarded
Over the last fiscal year, Elizabeth L Lawrence Foundation Inc has awarded $3,804 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
Mclean, VA PURPOSE: GRANT TO FURTHER THE EDUCATION IN MUSIC OF STUDENTS WHO ARE GOING TO ENTER COLLEGE | $2,304 |
VIRGINIA TECH PURPOSE: GRANT TO FURTHER THE EDUCATION IN MUSIC OF A STUDENT IN COLLEGE | $1,500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Arts For Learning Maryland Inc Baltimore, MD | $6,641,105 | $9,137,823 |
Penland School Of Craft Penland, NC | $77,347,904 | $8,195,417 |
Arrowmont School Of Arts And Crafts Gatlinburg, TN | $53,053,900 | $4,804,249 |
Baltimore School For The Arts Fdn Inc Baltimore, MD | $22,453,780 | $3,552,392 |
The Metropolitan Center For The Visual Arts Inc Rockville, MD | $1,589,727 | $2,983,675 |
International Public Management Association For Human Resources Alexandria, VA | $3,795,401 | $2,711,747 |
Artsplus Charlotte, NC | $2,425,687 | $2,154,815 |
Theatre Lab Washington, DC | $1,317,349 | $1,528,317 |
Wide Angle Youth Media Inc Baltimore, MD | $2,050,575 | $2,195,413 |
Sultana Education Foundation Inc Chestertown, MD | $9,308,717 | $2,075,256 |
D C Arts And Humanities Education Collaborative Inc Washington, DC | $468,778 | $1,127,948 |
Appalachian Artisan Center Of Kentucky Inc Hindman, KY | $4,477,331 | $761,854 |