Lawrence Family Development Inc
- Assets
- $8.9m
- Revenue
- $5.7m
- Investments
- $0.0
- Employees
- 56
- Location
- Lawrence, MA
- Founding
- 02/1995
- Data as of
- 06/2022
- EIN
- 04-3177142
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.
Form
990
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) | Role | Hours | Compensation |
|---|---|---|---|
Susan Perry Finance Dire | 40 | $114,792 | |
Manual Schumann Tech. Coordi | 40 | $104,967 | |
Dan Halloran Vice Chair | OfficerTrustee | 1 | $0 |
Nazario Esquea Clerk | OfficerTrustee | 1 | $0 |
Henry Vargas Treasurer | OfficerTrustee | 1 | $0 |
John Housianitis Chair | OfficerTrustee | 1 | $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 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $155,091 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,306,396 |
| Pension plan accruals and contributions | $62,226 |
| Other employee benefits | $212,671 |
| Payroll taxes | $289,240 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $15,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $5,976 |
| Fees for services: Other | $159,903 |
| Advertising and promotion | $0 |
| Office expenses | $199,096 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $289,903 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $200,782 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $588,401 |
| Insurance | $65,356 |
| All other expenses | $47,306 |
| Total functional expenses | $5,785,137 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $468,885 |
| Savings and temporary cash investments | $703,505 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,239,145 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $450,747 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $5,281,204 |
| Investments—publicly traded securities | $608,763 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $137,167 |
| Total assets | $8,889,416 |
| Accounts payable and accrued expenses | $270,324 |
| Grants payable | $0 |
| Deferred revenue | $4,675 |
| Tax-exempt bond liabilities | $5,647,054 |
| 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 | $144,409 |
| Total liabilities | $6,066,462 |
| Net assets without donor restrictions | $1,352,766 |
| Net assets with donor restrictions | $1,470,188 |
| 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 | $8,889,416 |
Grants Awarded
Over the last fiscal year, Lawrence Family Development Inc has awarded $130,963 in support to 6 organizations.
| Grant Recipient | Amount |
|---|---|
LAWRENCE FAMILY DEV CHARTER SCHOOL PURPOSE: OPENING DOORS PROG | $77,463 |
Lawrence, MA PURPOSE: SCHOLARSHIP | $13,500 |
ST JOHN'S PREPARATORY SCHOOL PURPOSE: SCHOLARSHIP | $13,000 |
Lowell, MA PURPOSE: SCHOLARSHIP | $12,000 |
THE ACADEMY AT PENGUIN HALL PURPOSE: SCHOLARSHIP | $9,000 |
BRADFORD CHRISTIAN ACADEMY PURPOSE: SCHOLARSHIP | $6,000 |
Grants Recieved
Over the last fiscal year, we have identified 5 grants that Lawrence Family Development Inc has recieved totaling $154,500.
| Awarding Organization | Amount |
|---|---|
Essex County Community Foundation Incorporated Danvers, MA | | $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 |
Essex County Community Foundation Incorporated Danvers, MA | | $6,000 |
Bulens Family Foundation Wellesley, MA PURPOSE: GENERAL | $5,000 |
Endowment Analysis
| Beg. Balance | $570,041 |
| Earnings | $59,553 |
| Admin Expense | $5,976 |
| Grants | $14,855 |
| Ending Balance | $608,763 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Seamens Society For Children And Families Staten Island, NY | $5,020,134 | $20,127,273 |
Family Services Inc Poughkeepsie, NY | $11,302,603 | $22,651,312 |
United Services Inc Dayville, CT | $3,965,594 | $17,625,603 |
Child And Family Agency Of Southeastern Connecticut Inc New London, CT | $12,921,449 | $16,904,528 |
The Campaign Against Hunger Inc Brooklyn, NY | $6,995,780 | $16,531,662 |
Project Hope Boston Inc Roxbury, MA | $9,700,637 | $15,440,351 |
Leo Inc Lynn, MA | $14,551,712 | $12,741,162 |
Fcp Inc Lawrence, MA | $5,245,913 | $11,316,943 |
Klingberg Comprehensive Family Services Inc New Britain, CT | $2,451,904 | $8,586,410 |
Lifebridge Community Services Inc Bridgeport, CT | $3,971,886 | $9,629,433 |
Lund Family Center Inc Burlington, VT | $14,280,825 | $12,698,589 |
Northern Rivers Family Services Inc Albany, NY | $4,685,256 | $10,370,126 |