Lithuanian Research & Studies Center Inc
- Assets
- $470.9k
- Revenue
- $169.1k
- Investments
- $0.0
- Employees
- 0
- Location
- Lemont, IL
- Founding
- 07/2003
- Data as of
- 12/2022
- EIN
- 36-3166332
Organization Overview
Lithuanian Research & Studies Center Inc is located in Lemont, IL. The organization was established in 2003. According to its NTEE Classification (V33) the organization is classified as: Ethnic Studies, under the broad grouping of Social Science and related organizations. This organization is a parent organization of an affiliated group for tax-exemption purposes. Lithuanian Research & Studies Center Inc 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 12/2022, Lithuanian Research & Studies Center Inc generated $169.1k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 8.7% each year. All expenses for the organization totaled $197.9k during the year ending 12/2022. While expenses have increased by 8.9% 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
LITHUANIAN ARCHIVES RESEARCH AND PUBLISHING.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ARCHIVAL ACQUISITION PRESERVATION DIGITIZATION AND CATALOGING.
SCHOLARLY PUBLISHING.
ACADEMIC CONFERENCES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dr Robert A Vitas Chairman Of The Board | Officer | 8 | $0 |
Regina Butkus Secretary | Officer | 5 | $0 |
Kristina Lapienyte President Treasurer | Officer | 8 | $0 |
Dr Audrius Plioplys Director | Trustee | 3 | $0 |
Dr Petras Kisielius Director | Trustee | 3 | $0 |
Audrius Remeikis Director | Trustee | 3 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $229,041 |
| Membership dues | $0 |
| 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 | $229,041 |
| Total Program Service Revenue | $2,906 |
| Investment income | -$62,813 |
| 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 | $169,134 |
| 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. | $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 | $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 | $0 |
| Advertising and promotion | $0 |
| Office expenses | $7,071 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $44,106 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $2,330 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $197,920 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $46,911 |
| 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 | $145,024 |
| Investments—publicly traded securities | $178,985 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $100,000 |
| Other assets | $0 |
| Total assets | $470,920 |
| 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 | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $470,920 |
| 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 | $470,920 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Lithuanian Research & Studies Center Inc has recieved totaling $63,000.
| Awarding Organization | Amount |
|---|---|
Lithuanian Foundation Lemont, IL PURPOSE: ARCHIVE PRESERVATION AND MAINTENANCE | $63,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Mercatus Center Inc Arlington, VA | $43,899,623 | $50,106,510 |
Human Resources Research Organization Alexandria, VA | $49,647,331 | $46,547,279 |
Atlas Economic Research Foundation Arlington, VA | $16,820,562 | $19,446,645 |
Laureate Institute For Brain Research Inc Tulsa, OK | $19,761,304 | $14,672,988 |
American Economic Association Inc Nashville, TN | $56,285,303 | $13,278,131 |