Lucent Education Association
- Assets
- $89.4k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Ennis, TX
- Founding
- 04/2015
- Data as of
- 12/2022
- EIN
- 47-3441699
Organization Overview
Lucent Education Association is located in Ennis, TX. The organization was established in 2015. According to its NTEE Classification (B40) the organization is classified as: Higher Education, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Lucent Education Association 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, Lucent Education Association generated $137.4k in total revenue. The organization has seen a slow decline revenue. Over the past 4 years, revenues have fallen by an average of (1.3%) each year. All expenses for the organization totaled $234.1k during the year ending 12/2022. 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
546 NEW ENROLLMENTS IN 2022, REACHING 72 COUNTRIES
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Carlos Oliveira President & CEO | 50 | $65,000 | |
Selma Oliveira Secretary | 40 | $20,000 | |
Matheus Teles Oliveira Vice President | 10 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $29,017 |
| Total Program Service Revenue | $108,382 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $137,399 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $85,000 |
| Professional fees and other payments to independent contractors | $85,197 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $12 |
| Other expenses | $56,902 |
| Total expenses | $234,111 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $71,085 |
| Other assets | $0 |
| Total assets | $89,410 |
| Total liabilities | $307,556 |
| Net assets or fund balances | -$218,146 |