Leary Educational Foundation Inc
- Assets
- $12.7m
- Revenue
- $11.0m
- Investments
- $1.4m
- Employees
- 162
- Location
- Winchester, VA
- Founding
- 05/1971
- Data as of
- 06/2023
- EIN
- 54-0885291
Organization Overview
Leary Educational Foundation Inc is located in Winchester, VA. The organization was established in 1971. According to its NTEE Classification (F33) the organization is classified as: Residential Mental Health Treatment, under the broad grouping of Mental Health & Crisis Intervention and related organizations. As of 06/2023, Leary Educational Foundation Inc employed 162 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Leary Educational Foundation 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 06/2023, Leary Educational Foundation Inc generated $11.0m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 4.7% each year. All expenses for the organization totaled $10.6m during the year ending 06/2023. While expenses have increased by 4.0% per year over the past 7 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO OPERATE A RESIDENTIAL SCHOOL SERVING YOUNG MEN WITH A HISTORY OF SERIOUS EMOTIONAL, LEARNING, AND BEHAVIORAL DIFFICULTIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
OPERATION OF A RESIDENTIAL SCHOOL SERVING YOUNG MEN WITH A HISTORY OF SERIOUS EMOTIONAL, LEARNING, AND BEHAVORIAL DIFFICULTIES.
OPERATION OF A RESIDENTIAL TREATMENT CENTER SERVING MALE ADOLESCENTS. THE PROGRAM WORKS WITH YOUTH TO DEVELOP THE SKILLS NEEDED FOR GOOD MENTAL HEALTH, RELATIONSHIPS, EDUCATION AND EMPLOYMENT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dr Troy M Glembot Chairman | OfficerTrustee | 1 | $0 |
Ms Patricia I Taylor Director | Trustee | 1 | $0 |
Dr Charles H Hagan Director | Trustee | 1 | $0 |
Mr Jerry B Partlow Director | Trustee | 1 | $0 |
Dr Albert L Orndorff Director | Trustee | 1 | $0 |
Mr Paul E Brown Director | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Construction Management Inc General Contractor | 6/29/23 | $1,025,927 |
Schenck Foods Co Inc Food Services | 6/29/23 | $166,809 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $37,390 |
| Related organizations | $0 |
| Government grants | $1,837,232 |
| All other contributions, gifts, grants, and similar amounts not included above | $229,821 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,104,443 |
| Total Program Service Revenue | $8,895,133 |
| Investment income | $4,800 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$10,706 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $11,019,494 |
| 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. | $267,601 |
| Compensation of current officers, directors, key employees. | $27,406 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $6,395,899 |
| Pension plan accruals and contributions | $101,476 |
| Other employee benefits | $919,663 |
| Payroll taxes | $502,383 |
| 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 | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $202,858 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $21,754 |
| Interest | $196,792 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $373,932 |
| Insurance | $0 |
| All other expenses | $121,954 |
| Total functional expenses | $10,565,064 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $6,804 |
| Savings and temporary cash investments | $168,093 |
| Pledges and grants receivable | $201,337 |
| Accounts receivable, net | $2,299,493 |
| 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 | $93,527 |
| Net Land, buildings, and equipment | $7,072,317 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $1,388,496 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,505,905 |
| Total assets | $12,735,972 |
| Accounts payable and accrued expenses | $843,805 |
| 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 | $2,459,597 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $1,158,145 |
| Total liabilities | $4,461,547 |
| Net assets without donor restrictions | $8,197,414 |
| Net assets with donor restrictions | $77,011 |
| 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 | $12,735,972 |