Washington-Lincoln Laurels For Leaders
- Assets
- $370.2k
- Revenue
- $76.3k
- Investments
- $0.0
- Employees
- 0
- Location
- San Diego, CA
- Founding
- 12/1973
- Data as of
- 06/2024
- EIN
- 23-7076165
Organization Overview
Washington-Lincoln Laurels For Leaders, operating under the name Laurels For Leaders, is located in San Diego, CA. The organization was established in 1973. According to its NTEE Classification (O50) the organization is classified as: Youth Development Programs, under the broad grouping of Youth Development and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Laurels For Leaders 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, Laurels For Leaders generated $76.3k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 0.3% each year. All expenses for the organization totaled $78.6k during the year ending 06/2024. While expenses have increased by 10.3% per year over the past 8 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
TO RECOGNIZE AND REWARD LEADERSHIP QUALITIES OF OUTSTANDING HIGH SCHOOL STUDENTS IN SAN DIEGO COUNTY, BASED ON CRITERIA EXEMPLIFIED BY GEORGE WASHINGTON AND ABRAHAM LINCOLN.
Describe the Organization's Program Activity:
Part 3 - Line 4a
GRANTED SCHOLARSHIPS OF 300 EACH TO 100 GRADUATING HIGH SCHOOL SENIORS WHO EXHIBITED THE LEADERSHIP QUALITIES PROMOTED BY WASHINGTON LINCOLN LAURELS FOR LEADERS.
PROVIDED GRANTS TO THE ASB OF THREE HIGH SCHOOLS WHO DEMONSTRATED LEADERSHIP BY PROVIDING COMMUNITY SERVICE.
IN CONJUNCTION WITH THE LUNCHEON TO HONOR THE HIGH SCHOOL AWARD RECIPIENTS, THE ORGANIZATION PROVIDES A HALF DAY OF TRAINING FOR THE STUDENTS DEVOTED TO FINANCIAL LITERACY, ETHICS, AND SERVANT LEADERSHIP.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Stacy Brandt President | OfficerTrustee | 2 | $0 |
Amber Bertelsen Vice Preside | OfficerTrustee | 2 | $0 |
Viky Mitrovich 2nd Vice Pre | OfficerTrustee | 2 | $0 |
Emily Krause Immed Past P | OfficerTrustee | 1 | $0 |
Stacey Srsic Secretary | OfficerTrustee | 1 | $0 |
Douglas Frost Treasurer | OfficerTrustee | 3 | $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 | $44,197 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $44,197 |
| Total Program Service Revenue | $14,100 |
| Investment income | $9,385 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $8,598 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $76,280 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $4,500 |
| Grants and other assistance to domestic individuals. | $30,000 |
| 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 | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $6,000 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $690 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $2,588 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $2,116 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| 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 | $1,248 |
| All other expenses | $0 |
| Total functional expenses | $78,560 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,740 |
| Savings and temporary cash investments | $1,148 |
| 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 | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $367,272 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $370,160 |
| 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 | $1,750 |
| Total liabilities | $1,750 |
| Net assets without donor restrictions | $368,410 |
| 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 | $370,160 |
Grants Awarded
Over the last fiscal year, Washington-Lincoln Laurels For Leaders has awarded $3,800 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
GRANITE HILLS HIGH SCHOOL PURPOSE: Encourage and Support Leadership Education | $1,000 |
TORREY PINES HIGH SCHOOL PURPOSE: Encourage and Support Leadership Education | $800 |
SAN DIEGO LUTHERAN HIGH SCHOOL PURPOSE: Encourage and Support Leadership Education | $1,500 |
GROSSMONT HIGH SCHOOL PURPOSE: Encourage and Support Leadership Education | $500 |