Lower Merion Educational Assoc
- Assets
- $716.2k
- Revenue
- $256.6k
- Investments
- $0.0
- Employees
- 13
- Location
- Bala Cynwyd, PA
- Founding
- 03/1990
- Data as of
- 08/2022
- EIN
- 23-7084700
Organization Overview
Lower Merion Educational Assoc is located in Bala Cynwyd, PA. The organization was established in 1990. According to its NTEE Classification (J40) the organization is classified as: Labor Unions, under the broad grouping of Employment and related organizations. As of 08/2022, Lower Merion Educational Assoc employed 13 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Lower Merion Educational Assoc is a 501(c)(5) and as such, is described as a "Labor, Agricultural, and Horticultural Organization" by the IRS.
For the year ending 08/2022, Lower Merion Educational Assoc generated $256.6k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (0.8%) each year. All expenses for the organization totaled $199.0k during the year ending 08/2022. As we would expect to see with falling revenues, expenses have declined by (1.6%) per year over the past 7 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO PROMOTE SOUND EDUCATION PROGRAMS IN THE LOWER MERION SCHOOL DISTRICT & TO PROMOTE AND ADVANCE THE INTEREST AND WELFARE OF THE ORGANIZATION'S MEMBERSHIP.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROMOTE SOUND EDUCATION PROGRAMS IN THE LOWER MERION SCHOOL DISTRICT & TO PROMOTE AND ADVANCE THE INTEREST AND WELFARE OF THE ORGANIZATION'S MEMBERSHIP.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Aimee Avellino President | OfficerTrustee | 38 | $17,728 |
Victor Fedeli Vp-Support | OfficerTrustee | 30 | $12,626 |
Darlene Mandarino Treasurer | OfficerTrustee | 5 | $10,633 |
Andrew Thomas First VP | OfficerTrustee | 25 | $8,869 |
Kelly Cenicola Prof. Secretary | OfficerTrustee | 10 | $8,869 |
Elizabeth Mcdevitt Secretary Supp. | OfficerTrustee | 2 | $8,869 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $255,865 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $255,865 |
| Total Program Service Revenue | $0 |
| Investment income | $757 |
| 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 | $256,622 |
| 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. | $67,594 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $44,552 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $10,344 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $4,595 |
| 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 | $17,484 |
| 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 | $9,952 |
| Insurance | $0 |
| All other expenses | $1,594 |
| Total functional expenses | $198,993 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $460,328 |
| 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 | $3,571 |
| Net Land, buildings, and equipment | $252,291 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $716,190 |
| Accounts payable and accrued expenses | $4,970 |
| 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 |
| Total liabilities | $4,971 |
| Net assets without donor restrictions | $711,219 |
| 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 | $716,190 |