Lex America Inc
- Assets
- $152.2k
- Revenue
- $194.9k
- Investments
- $0.0
- Employees
- 2
- Location
- Cambridge, MA
- Founding
- 07/2003
- Data as of
- 09/2023
- EIN
- 04-2897887
Organization Overview
Lex America Inc, operating under the name See Schedule O Lex Language Project & Language Research Foundation, is located in Cambridge, MA. The organization was established in 2003. According to its NTEE Classification (A70) the organization is classified as: Humanities, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 09/2023, See Schedule O Lex Language Project & Language Research Foundation employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. See Schedule O Lex Language Project & Language Research Foundation 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 09/2023, See Schedule O Lex Language Project & Language Research Foundation generated $194.9k in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (2.4%) each year. All expenses for the organization totaled $159.3k during the year ending 09/2023. As we would expect to see with falling revenues, expenses have declined by (4.9%) per year over the past 8 years. 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
THE PROMOTION OF MULTILINGUALISM, BY OPERATING LEX LANGUAGE PROJECT, AND A TRANSNATIONAL EXCHANGE PROGRAM.
Describe the Organization's Program Activity:
Part 3 - Line 4a
LEX LANGUAGE PROJECT PROVIDES AN OPPORTUNITY FOR MULTICULTURAL AND MULTILINGUAL EXPLORATION TO INDIVIDUALS OF ALL AGES, WITH THE OBJECTIVE OF FACILITATING LANGUAGE ACQUISITION IN A NATURAL ENVIRONMENT AND BREAKING DOWN CULTURAL BARRIERS.
TRANSNATIONAL EXCHANGE PROGRAM - PROVIDES LEX MEMBERS AND OTHERS WITH THE OPPORTUNITY TO TAKE PART IN INTERNATIONAL EXCHANGE PROGRAMS AND INTERNSHIPS.
EDUCATIONAL PUBLISHING - LEX PUBLISHES BOOKS ON NATURAL SCIENCE TOPICS INCLUDING LANGUAGE ACQUISITION, MATH, AND QUANTUM MECHANICS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dr Suzanne Flynn Director | Trustee | 1 | $0 |
Elizabeth Mccoy Director | Trustee | 1 | $0 |
Dr Yasuyuki Yash Owada Director | Trustee | 1 | $0 |
Kenshi Suzuki President | OfficerTrustee | 1 | $0 |
Dr David P Janes Vice President | OfficerTrustee | 1 | $0 |
Dr Chrisann Newransky Clerk | OfficerTrustee | 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 | $21,008 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $21,008 |
| Total Program Service Revenue | $173,844 |
| Investment income | $10 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $194,862 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $901 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $59,487 |
| Compensation of current officers, directors, key employees. | $9,364 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $3,180 |
| Pension plan accruals and contributions | $3,569 |
| Other employee benefits | $0 |
| Payroll taxes | $5,053 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $4,500 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $8,310 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $37,846 |
| Travel | $16,754 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $6,618 |
| All other expenses | $47 |
| Total functional expenses | $159,267 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $136,383 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $10,316 |
| Prepaid expenses and deferred charges | $5,501 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $152,200 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $148,580 |
| Net assets with donor restrictions | $3,620 |
| 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 | $152,200 |