Loudoun Education Association
- Assets
- $2.1m
- Revenue
- $592.7k
- Investments
- $0.0
- Employees
- 3
- Location
- Leesburg, VA
- Founding
- 09/1978
- Data as of
- 08/2023
- EIN
- 54-0948867
Organization Overview
Loudoun Education Association is located in Leesburg, VA. The organization was established in 1978. According to its NTEE Classification (B03) the organization is classified as: Professional Societies & Associations, under the broad grouping of Education and related organizations. As of 08/2023, Loudoun Education Association employed 3 individuals. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. Loudoun Education Association is a 501(c)(5) and as such, is described as a "Labor, Agricultural, and Horticultural Organization" by the IRS.
For the year ending 08/2023, Loudoun Education Association generated $592.7k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 2.1% each year. All expenses for the organization totaled $383.2k during the year ending 08/2023. 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
ADVOCATE FOR QUALITY PUBLIC SCHOOL AND PUBLIC SCHOOL EMPLOYEES WHERE MEMBERS WORK COLLABORATIVELY AND ORGANIZE FOR ACTION TO REACH THE COMMON GOALS OF THE ASSOCIATION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ADVOCACY FOR PUBLIC SCHOOLS AND PUBLIC SCHOOL EMPLOYEES
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Sandy Sullivan President (8/1/22-7/31/24) | OfficerTrustee | 40 | $107,146 |
Melissa Muszynski Vice President (x-7/31/23) | OfficerTrustee | 5 | $0 |
Cory Brunet Vice President (8/1/23-7/31/24) | OfficerTrustee | 5 | $0 |
Tracie Lane Secretary (8/1/22-7/31/24) | OfficerTrustee | 5 | $0 |
Esther Johnson Treasurer (8/1/22-7/31/24) | OfficerTrustee | 5 | $0 |
David Palanzi Imm Past President (8/1/22-7/31/24) | Trustee | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $578,097 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $8,881 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $586,978 |
| Total Program Service Revenue | $0 |
| Investment income | $5,678 |
| 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 | $592,656 |
| 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. | $107,146 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $50,323 |
| Pension plan accruals and contributions | $25,045 |
| Other employee benefits | $21,734 |
| Payroll taxes | $12,130 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $1,095 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $500 |
| Office expenses | $8,682 |
| Information technology | $3,995 |
| Royalties | $0 |
| Occupancy | $44,979 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $43,009 |
| Interest | $16,370 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $22,829 |
| Insurance | $2,100 |
| All other expenses | $0 |
| Total functional expenses | $383,247 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $602,059 |
| Savings and temporary cash investments | $455,267 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $173,154 |
| 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 | $834,133 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,064,613 |
| Accounts payable and accrued expenses | $69,640 |
| 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 | $317,133 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $386,773 |
| Net assets without donor restrictions | $1,677,840 |
| 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 | $2,064,613 |