Elizabeth L Lawrence Foundation Inc
- Assets
- $60.6k
- Revenue
- $9.8k
- Investments
- $10.0k
- Employees
- 0
- Location
- Falls Church, VA
- Founding
- 02/2019
- Data as of
- 12/2023
- EIN
- 83-2243194
Organization Overview
Elizabeth L Lawrence Foundation Inc is located in Falls Church, VA. The organization was established in 2019. According to its NTEE Classification (A25) the organization is classified as: Arts Education, under the broad grouping of Arts, Culture & Humanities and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Elizabeth L Lawrence 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 12/2023, Elizabeth L Lawrence Foundation Inc generated $9.8k in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 0.5% each year.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FOUNDATION ORGANIZED A FREE CONCERT FEATURING PERFORMANCES IN CLASSICAL MUSIC AND FROM THE GREAT AMERICAN SONGBOOK.
THE FOUNDATION DEVELOPED AND SUPPORTED A SCHOLARSHIP PROGRAM FOR HIGH SCHOOL STUDENTS WHO WILL ATTEND COLLEGE COLLEGE STUDENTS AND POST-GRADUATE STUDENTS INTERESTED IN PURSUING A COURSE DEGREE OR OTHER SUCH PROGRAM IN THE FIELD OF MUSIC. THIS ACTIVITY IS CENTRAL TO ITS CHARITABLE PURPOSE.
THE FOUNDATION CONTINUED TO EXPLORE WAYS TO SERVE AS A SOURCE OF INFORMATION AVAILABLE TO THE PUBLIC. PREVIOUSLY IT HAS STREAMED THE CONCERT PERFORMANCE DESCRIBED IN ITEM 1 ABOVE AND IT HOPES TO STREAM PERFORMANCES BY SCHOLARSHIP RECIPIENTS IN THE FUTURE.
NOTE THAT THE FOUNDATION INCURRED NO EXPENSES FOR THE DIRECT CHARITABLE ACTIVITIES IN ITEMS 1-3 IN 2022 BUT IT PAID GRANTS TO VARIOUS UNIVERSITIES AND A HIGH SCHOOL TOTALING $10,572 TO BE USED TO FURTHER THE EDUCATION IN MUSIC OF STUDENTS WHO ARE PURSUING OR WHO WILL PURSUE COURSES OR DEGREES IN MUSIC
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Gregory Martino President | 3 | $0 | |
Thomas Strother Treasurer | 1 | $0 | |
Patricia Donnelly Secretary | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $9,785 |
| 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 | $9,785 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $31 |
| Other expenses | $0 |
| Total operating and administrative expenses | $31 |
| Contributions, gifts, grants paid | $10,572 |
| Total expenses and disbursements | $10,603 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $50,587 |
| 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 | $60,587 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
Grants Awarded
Over the last fiscal year, Elizabeth L Lawrence Foundation Inc has awarded $10,572 in support to 5 organizations.
| Grant Recipient | Amount |
|---|---|
VIRGINIA TECH PURPOSE: GRANT TO FURTHER THE EDUCATION IN MUSIC OF A STUDENT IN COLLEGE | $1,500 |
MICHIGAN STATE UNIVERSITY PURPOSE: GRANT TO FURTHER THE EDUCATION IN MUSIC OF A STUDENT IN COLLEGE | $1,500 |
JAMES MADISON UNIVERSITY PURPOSE: GRANT TO FURTHER THE EDUCATION IN MUSIC OF A STUDENT IN COLLEGE | $1,500 |
JOHNS HOPKINS UNIVERSITY -- PEABODY PURPOSE: GRANT TO FURTHER THE EDUCATION IN MUSIC OF A STUDENT IN COLLEGE | $3,000 |
THE MADEIRA SCHOOL PURPOSE: THE MADEIRA SCHOOL WILL USE THE FOUNDATIONS GRANT TO PROVIDE FINANCIAL ASSISTANCE TO BE USED TO FURTHER THE EDUCATION OF STUDENTS WHO ARE GRADUATING FROM MADEIRA TO HELP SUCH STUDENTS PURSUE COURSES OR DEGREES IN MUSIC. | $3,072 |