Lc Strong Foundation Inc
- Assets
- $1.3m
- Revenue
- $680.9k
- Investments
- $0.0
- Employees
- 13
- Location
- Lebanon, PA
- Founding
- Data as of
- 06/2023
- EIN
- 85-2453350
Organization Overview
Lc Strong Foundation Inc is located in Lebanon, PA. According to its NTEE Classification (B20) the organization is classified as: Elementary & Secondary Schools, under the broad grouping of Education and related organizations. As of 06/2023, Lc Strong Foundation Inc employed 13 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Lc Strong 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 06/2023, Lc Strong Foundation Inc generated $680.9k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 2 years, the organization has seen revenues fall by an average of (28.2%) each year. All expenses for the organization totaled $589.4k during the year ending 06/2023. 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
LC STRONG FOUNDATION, INC, DBA OUR LADY OF THE CROSS, IS A CHRIST-CENTERED, INDEPENDENT SCHOOL FAITHFUL TO THE MAGISTERIUM, IMPARTING FAITH AND REASON THROUGH A TRADITIONAL AND RIGOROUS CATHOLIC EDUCATION. PARTNERING WITH PARENTS AS A COMMUNITY OF FAITH, THE SCHOOL NURTURES THE WHOLE CHILD, DEVELOPING OUR STUDENTS IN MIND, BODY AND SPIRIT TO BE PRODUCTIVE CITIZENS WHO WITNESS TO CHRIST.
Describe the Organization's Program Activity:
Part 3 - Line 4a
YEAR 2. CONTINUED TO DEVELOP ACADEMIC & SCHOOL POLICIES AND PROCEDURES. BEGAN RENOVATIONS OF THE SCHOOL FACILITY. INTERVIEWED, SELECTED AND HIRED PROFESSIONAL TEACHING POSITIONS. ENROLLED STUDENTS AND COMPLETED THE 2ND FULL ACADEMIC YEAR.
CONTINUED TO SUPPORT SMART MONEY PROGRAM TO BENEFIT FAMILIES IN FULFILLING THE TUITION OBLIGATIONS. ESTABLISHED A PARENT TEACHER ORGANIZATION TO SUPPORT SCHOOL ACTIVITIES. ESTABLISHED A ATHLETIC DEPARTMENT WITH ADMINISTRATOR & COACHES.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Deborah Waters Head Of School | Officer | 40 | $51,164 |
Angela Barket Board Member | Trustee | 1 | $0 |
Thomas Deangelis Board Member | Trustee | 1 | $0 |
Jeff Hatzfeld Board Member (non Voting) | Trustee | 1 | $0 |
Kathleen Hatzfeld Board Member (non Voting) | Trustee | 1 | $0 |
Patrick Judd Board Member (non-Voting) | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $111,013 |
| Noncash contributions included in lines 1a–1f | $1,368 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $111,013 |
| Total Program Service Revenue | $312,544 |
| Investment income | $4,594 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $125,542 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $680,865 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| 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. | $84,323 |
| Compensation of current officers, directors, key employees. | $33,729 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $180,372 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $2,200 |
| Payroll taxes | $24,726 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $23,514 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $3,979 |
| Office expenses | $15,562 |
| Information technology | $1,055 |
| Royalties | $0 |
| Occupancy | $29,940 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $10,349 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $47,615 |
| Insurance | $6,443 |
| All other expenses | $0 |
| Total functional expenses | $589,358 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $103,920 |
| Savings and temporary cash investments | $153,808 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $4,223 |
| 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 | $50,280 |
| Net Land, buildings, and equipment | $992,421 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,304,652 |
| Accounts payable and accrued expenses | $33,890 |
| Grants payable | $0 |
| Deferred revenue | $10,400 |
| 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 | $285,917 |
| Unsecured mortgages and notes payable | $5,842 |
| Other liabilities | $0 |
| Total liabilities | $336,049 |
| Net assets without donor restrictions | $910,666 |
| Net assets with donor restrictions | $57,937 |
| 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 | $0 |
| Total liabilities and net assets/fund balances | $1,304,652 |