L W Academy Limited
- Assets
- $48.9k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 8
- Location
- Glen Carbon, IL
- Founding
- 08/2001
- Data as of
- 06/2022
- EIN
- 36-4179031
Organization Overview
L W Academy Limited is located in Glen Carbon, IL. The organization was established in 2001. According to its NTEE Classification (B20) the organization is classified as: Elementary & Secondary Schools, under the broad grouping of Education and related organizations. As of 06/2022, L W Academy Limited employed 8 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. L W Academy Limited 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, L W Academy Limited generated $77.6k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (9.7%) each year. All expenses for the organization totaled $88.2k during the year ending 06/2022. As we would expect to see with falling revenues, expenses have declined by (6.2%) per year over the past 5 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3
LW ACADEMY PROVIDES COLLEGE PREP EDUCATION FOR GRADES K THROUGH 12.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Nancy Gaines Director / Treasurer | 0 | $0 | |
Almeda Lahr-Well Director/president | 30 | $0 | |
Ralph Well Director | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $16,118 |
| Total Program Service Revenue | $61,352 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $84 |
| Other Revenue | $0 |
| Total Revenue | $77,554 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $48,423 |
| Professional fees and other payments to independent contractors | $710 |
| Occupancy, rent, utilities, and maintenance | $13,100 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $25,978 |
| Total expenses | $88,211 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $0 |
| Other assets | $0 |
| Total assets | $48,917 |
| Total liabilities | $34,814 |
| Net assets or fund balances | $14,103 |