Lakeland-Andover School
- Assets
- $1.4m
- Revenue
- $1.9m
- Investments
- $0.0
- Employees
- 27
- Location
- Newton, NJ
- Founding
- 06/1973
- Data as of
- 06/2024
- EIN
- 22-1969866
Organization Overview
Lakeland-Andover School is located in Newton, NJ. The organization was established in 1973. According to its NTEE Classification (B24) the organization is classified as: Primary & Elementary Schools, under the broad grouping of Education and related organizations. As of 06/2024, Lakeland-Andover School employed 27 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Lakeland-Andover School 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 06/2024, Lakeland-Andover School generated $1.9m in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 0.9% each year. All expenses for the organization totaled $1.9m during the year ending 06/2024. While expenses have increased by 1.0% per year over the past 9 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
2024
Describe the Organization's Mission:
Part 3 - Line 1
LAKELAND ANDOVER SCHOOL RESPECTS THAT EACH STUDENT IS AN INDIVIDUAL WITH UNIQUE TALENTS AND ABILITIES WHO CAN BENEFIT FROM AND ENJOY A STIMULATING EDUCATIONAL PROGRAM DESIGNED SPECIFICALLY TO MEET HIS OR HER NEEDS. THEREFORE, THE SCHOOL STRIVES TO PROVIDE QUALITY INDIVIDUALIZED EDUCATION PLANS TO STUDENTS IN A CARING, CREATIVE ENVIRONMENT, WHILE FACILITATING THE SOCIAL, EMOTIONAL, PHYSICAL, BEHAVIORAL, AND INTELLECTUAL DEVELOPMENT OF EACH STUDENT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SPECIAL EDUCATION PROGRAM FOR 6TH - 12TH GRADERS WITH EMOTIONAL AND BEHAVIORAL CHALLENGES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Gary Defoe Principal | OfficerTrustee | 40 | $184,500 |
Joe Gallini Trustee | Trustee | 1 | $0 |
Earle Wallo Secretary | OfficerTrustee | 1 | $0 |
Christa Graback-Wallo Trustee | Trustee | 1 | $0 |
Jim Storms Trustee | Trustee | 1 | $0 |
Kevin Ebner Trustee | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $5,876 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $84,880 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $90,756 |
| Total Program Service Revenue | $1,777,418 |
| Investment income | $10,893 |
| 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 | $1,879,067 |
| 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. | $226,664 |
| Compensation of current officers, directors, key employees. | $56,666 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $969,385 |
| Pension plan accruals and contributions | $52,606 |
| Other employee benefits | $24,472 |
| Payroll taxes | $88,358 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $251,630 |
| Advertising and promotion | $240 |
| Office expenses | $41,571 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $170,866 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $5,554 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $2,488 |
| Insurance | $17,814 |
| All other expenses | $30,903 |
| Total functional expenses | $1,882,551 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $308,896 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $414,571 |
| 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 | $13,577 |
| Net Land, buildings, and equipment | $15,111 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $630,182 |
| Total assets | $1,382,337 |
| Accounts payable and accrued expenses | $128,671 |
| 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 | $331,985 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $643,114 |
| Total liabilities | $1,103,770 |
| Net assets without donor restrictions | $278,567 |
| Net assets with donor restrictions | $0 |
| 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 | $1,382,337 |