Friends Of Lavic Inc
- Assets
- $8.0k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Rockford, IL
- Founding
- 03/2019
- Data as of
- 12/2022
- EIN
- 83-2526208
Organization Overview
Friends Of Lavic Inc is located in Rockford, IL. The organization was established in 2019. According to its NTEE Classification (B24) the organization is classified as: Primary & Elementary Schools, 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. Friends Of Lavic 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, Friends Of Lavic Inc generated $84.8k in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 13.7% each year . All expenses for the organization totaled $85.8k during the year ending 12/2022. While expenses have increased by 22.6% per year over the past 4 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
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3
APPROXIAMETLY 250 STUDENTS (K-6TH) RECEIVING AN EDUCATION EACH YEAR AT THE SCHOOL INCLUDING UNIFORMS & MEDICAL CARE; NUTRITION: STUDENTS/STAFF RECEIVE A LUNCH MEAL EACH SCHOOL DAY; 12 CHILDREN LIVING AT THE ORPHANAGE AND RECEIVE 3 MEALS PER DAY; ALSO THIS YEAR BUILT A GIRLS DORMITORY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
James S Binning President | 1.5 | $0 | |
Bonnie Binning Treasurer | 1.5 | $0 | |
Karen Nelson Secretary | 1.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $84,765 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $84,765 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $0 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $451 |
| Other expenses | $85,395 |
| Total expenses | $85,846 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $8,007 |
| Other assets | $0 |
| Total assets | $8,007 |
| Total liabilities | $0 |
| Net assets or fund balances | $8,007 |