Lawrence Family Development Inc

Organization Overview

Lawrence Family Development Inc, operating under the name Lawrence Prospera, is located in Lawrence, MA. The organization was established in 1995. According to its NTEE Classification (P40) the organization is classified as: Family Services, under the broad grouping of Human Services and related organizations. As of 06/2022, Lawrence Prospera employed 56 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Lawrence Prospera 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 06/2022, Lawrence Prospera generated $5.7m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 4.7% each year. All expenses for the organization totaled $5.8m during the year ending 06/2022. While expenses have increased by 6.1% per year over the past 7 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.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2022

Describe the Organization's Mission:

Part 3 - Line 1

INDIVIDUAL AND FAMILY DEVELOPMENT.

Describe the Organization's Program Activity:

Part 3 - Line 4a

ADULT PROGRAMMING ADDRESSES A WIDE RANGE OF ISSUES IMPORTANT TO FAMILIES IN THE CITY OF LAWRENCE WITH CLASSES AND SERVICES FOCUSED ON CITIZENSHIP EDUCATION, ENGLISH AS A SECOND LANGUAGE (ESL), MINORITY LEADERSHIP, SUSTAINING ECONOMIC DEVELOPMENT OPPORTUNITIES AND FINANCIAL LITERACY.


SISU YOUTH PROGRAMMING DEVELOPS THE EDUCATIONAL AND LEADERSHIP POTENTIAL OF INNER CITY YOUTH AND YOUNG ADULTS IN LAWRENCE TO IMPROVE THEIR LIVES AND COMMUNITY THROUGH SERVICE AND SUSTAINING ECONOMIC DEVELOPMENT OPPORTUNITIES. YOUTH ADVOCACY TO FOSTER LIFELONG LEARNING AND CAREER DEVELOPMENT.


THE CORPORATION IS A CONTRACTED MANAGEMENT ORGANIZATION FOR AN INDEPENDENT PUBLIC CHARTER SCHOOL AND A PREFERRED PROVIDER AS TURNAROUND OPERATOR FOR UNDERPERFORMING PUBLIC SCHOOL DISTRICTS.


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Board, Officers & Key Employees

Name (title)Compensation
Susan Perry
Finance Dire
$114,792
Manual Schumann
Tech. Coordi
$104,967
John Housianitis
Chair
$0
Dan Halloran
Vice Chair
$0
Henry Vargas
Treasurer
$0
Nazario Esquea
Clerk
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $1,595,326
All other contributions, gifts, grants, and similar amounts not included above$323,286
Noncash contributions included in lines 1a–1f $13,624
Total Revenue from Contributions, Gifts, Grants & Similar$1,918,612
Total Program Service Revenue$2,145,426
Investment income $18,001
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $1,619,663
Net Gain/Loss on Asset Sales $45,168
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $5,746,870

Grants Awarded

Over the last fiscal year, Lawrence Family Development Inc has awarded $130,963 in support to 6 organizations.

Grant RecipientAmount

LAWRENCE FAMILY DEV CHARTER SCHOOL

PURPOSE: OPENING DOORS PROG

$77,463

CENTRAL CATHOLIC HIGH SCHOOL

Org PageRecipient Profile

Lawrence, MA

PURPOSE: SCHOLARSHIP

$13,500

ST JOHN'S PREPARATORY SCHOOL

PURPOSE: SCHOLARSHIP

$13,000

LOWELL CATHOLIC HIGH SCHOOL

Org PageRecipient Profile

Lowell, MA

PURPOSE: SCHOLARSHIP

$12,000

THE ACADEMY AT PENGUIN HALL

PURPOSE: SCHOLARSHIP

$9,000

BRADFORD CHRISTIAN ACADEMY

PURPOSE: SCHOLARSHIP

$6,000
View Grant Profile

Grants Recieved

Over the last fiscal year, we have identified 5 grants that Lawrence Family Development Inc has recieved totaling $154,500.

Awarding OrganizationAmount
$93,500
Edward S And Winifred G Moseley Foundation

Boston, MA

PURPOSE: YOUTH DEVELOPMENT PROGRAM

$35,000
Florian O Bartlett Trust 1 3657 0

Dallas, TX

PURPOSE: UNRESTRICTED GENERAL

$15,000
$6,000
Bulens Family Foundation

Wellesley, MA

PURPOSE: GENERAL

$5,000
View Grant Recipient Profile

Endowment Analysis

Beg. Balance$570,041
Earnings$59,553
Admin Expense$5,976
Grants$14,855
Ending Balance$608,763

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