Lego Foundation Inc
- Assets
- $546.4k
- Revenue
- $1.0m
- Investments
- $0.0
- Employees
- 0
- Location
- Boston, MA
- Founding
- 07/2019
- Data as of
- 12/2021
- EIN
- 82-1383051
Organization Overview
Lego Foundation Inc is located in Boston, MA. The organization was established in 2019. According to its NTEE Classification (O99) the organization is classified as: Youth Development N.E.C., under the broad grouping of Youth Development and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Lego 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 12/2021, Lego Foundation Inc generated $1.0m in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 30.0% each year . All expenses for the organization totaled $1.0m during the year ending 12/2021. While expenses have increased by 17.0% per year over the past 4 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
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE GOAL OF THE ORGANIZATION IS TO SUPPORT DIRECTLY AND INDIRECTLY CHILDREN, CHILD DEVELOPMENT, EDUCATION AND RESEARCH IN CHILD DEVELOPMENT AND EDUCATION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Alice Jowett Initiatives Lead | 40 | $218,329 | |
Ana Maria Nieto Sr. Prog Specialist | 40 | $157,854 | |
Garrett J Jaeger Evidence Specialist | 40 | $144,880 | |
Bo Stjerne Thomsen VP And Chair Of Lear | 40 | $139,262 | |
Gail J Albert Personal Assistant | 40 | $103,098 | |
Tina Friis Hansen Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $1,000,210 |
| Interest on Savings | $0 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $1,000,210 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $763,423 |
| Pension plans, employee benefits | $55,376 |
| Interest | $0 |
| Taxes | $55,862 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $22,810 |
| Printing and publications | $0 |
| Other expenses | $89,791 |
| Total operating and administrative expenses | $1,017,943 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $1,017,943 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $546,432 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $546,432 |
| Accounts payable and accrued expenses | $67,492 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $67,492 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Southeast Bronx Neighborhood Centers Inc Bronx, NY | $6,007,816 | $13,549,762 |
Eastern Orthodox Management Corp Worcester, MA | $21,645,086 | $13,227,405 |
Global Kids Inc New York, NY | $4,141,577 | $7,282,340 |
The Brotherhood Sister Sol Inc New York, NY | $20,180,841 | $12,284,943 |
Youth Improving Non-Profits For Children New York, NY | $6,056,525 | $7,304,563 |
Scan Harbor Inc New York, NY | $5,917,279 | $2,994,479 |
Donation Center Foundation Of Rhode Island Providence, RI | $1,265,710 | $3,198,572 |
Waterbury Youth Services Inc Waterbury, CT | $1,999,942 | $2,776,043 |
Easter Seals Rhode Island Inc North Kingstown, RI | $784,990 | $2,747,030 |
Peace First Inc Boston, MA | $1,179,526 | $1,902,666 |
2164 Inc New York, NY | $1,694,949 | $1,394,666 |
Rhode Island Kids Count Inc Providence, RI | $2,058,192 | $1,737,381 |