Civic Intelligence

Lexington Education Foundation Inc

990 • Fiscal year 2014 • EIN 04-3164996

Jul 01, 2013 to Jun 30, 2014 • Filed on Jan 14, 2015

Organization Profilewww.lexedfoundation.org
594 Marrett RdLexington, MA 02421

(781) 372-3288

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

52nd percentile

0.12x

Higher debt load relative to assets than 52% of similar nonprofits.

2014 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2014

Liabilities / Revenue

79th percentile

0.61x

Higher debt load relative to revenue than 79% of similar nonprofits.

2014 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2014

Net Margin

78th percentile

19%

Higher net margin than 78% of similar nonprofits.

2014 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2014

Top Officer Pay

34th percentile

$0

Higher top officer pay than 34% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2014 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2014

Asset Growth

75th percentile

13%

Faster asset growth than 75% of similar nonprofits.

2014 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2013 to 2014

Revenue Growth

31st percentile

-3.0%

Faster revenue growth than 31% of similar nonprofits.

2014 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2013 to 2014

Balance Sheet
Liabilities / Assets52nd percentile

Assets

Up

$2,090,662

Up $243,566 (+13%) from 2013

Net Assets

Up

$1,837,634

Up $272,203 (+17%) from 2013

Liabilities

Down

$253,028

Down $28,637 (-10%) from 2013

Revenue And Expenses
Liabilities / Revenue79th percentileNet Margin78th percentile

Revenue

Down

$414,695

Down $13,009 (-3.0%) from 2013

Expenses

Down

$336,654

Down $56,048 (-14%) from 2013

Net Income

Up

$78,041

Up $43,039 (+123%) from 2013

Historical Trend

Balance Sheet Trend

Asset Growth75th percentile

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$3.0M$2.0M$1.0M$0Assets 2010: $1,326,883Liabilities 2010: $18,715Net Assets 2010: $1,308,1682010Assets 2011: $1,811,648Liabilities 2011: $327,650Net Assets 2011: $1,483,9982011Assets 2012: $1,697,951Liabilities 2012: $298,086Net Assets 2012: $1,399,8652012Assets 2013: $1,847,096Liabilities 2013: $281,665Net Assets 2013: $1,565,4312013Assets 2014: $2,090,662Liabilities 2014: $253,028Net Assets 2014: $1,837,6342014Assets 2015: $2,046,112Liabilities 2015: $244,111Net Assets 2015: $1,802,0012015Assets 2016: $1,930,255Liabilities 2016: $208,394Net Assets 2016: $1,721,8612016Assets 2017: $2,144,907Liabilities 2017: $214,915Net Assets 2017: $1,929,9922017Assets 2018: $2,322,630Liabilities 2018: $173,032Net Assets 2018: $2,149,5982018Assets 2019: $2,550,447Liabilities 2019: $223,250Net Assets 2019: $2,327,1972019Assets 2020: $2,439,769Liabilities 2020: $261,159Net Assets 2020: $2,178,6102020Assets 2021: $2,849,904Liabilities 2021: $95,116Net Assets 2021: $2,754,7882021Assets 2022: $2,570,680Liabilities 2022: $187,415Net Assets 2022: $2,383,2652022Assets 2023: $2,762,466Liabilities 2023: $135,846Net Assets 2023: $2,626,6202023Assets 2024: $2,986,720Liabilities 2024: $21,380Net Assets 2024: $2,965,3402024

Highlighted filing

2014

Assets$2,090,662
Liabilities$253,028
Net Assets$1,837,634
Open 2014 Filing

Operations Trend

Revenue Growth31st percentile

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$600K$400K$200K$0-$200KExpenses 2010: $449,1472010Expenses 2011: $479,8382011Expenses 2012: $447,8932012Revenue 2013: $427,704Expenses 2013: $392,702Net Income 2013: $35,0022013Revenue 2014: $414,695Expenses 2014: $336,654Net Income 2014: $78,0412014Revenue 2015: $452,613Expenses 2015: $366,590Net Income 2015: $86,0232015Revenue 2016: $455,143Expenses 2016: $285,734Net Income 2016: $169,4092016Revenue 2017: $475,488Expenses 2017: $347,918Net Income 2017: $127,5702017Revenue 2018: $478,061Expenses 2018: $277,165Net Income 2018: $200,8962018Revenue 2019: $544,982Expenses 2019: $357,421Net Income 2019: $187,5612019Revenue 2020: $166,652Expenses 2020: $326,847Net Income 2020: -$160,1952020Revenue 2021: $458,386Expenses 2021: $280,319Net Income 2021: $178,0672021Revenue 2022: $370,050Expenses 2022: $320,719Net Income 2022: $49,3312022Revenue 2023: $271,230Expenses 2023: $231,505Net Income 2023: $39,7252023Revenue 2024: $329,337Expenses 2024: $249,015Net Income 2024: $80,3222024

Highlighted filing

2014

Revenue$414,695
Expenses$336,654
Net Income$78,041
Open 2014 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2013 to Jun 30, 2014
Signed
Jan 14, 2015
Return Version
2013v4.0
Gross Receipts
$479,526
Mission and Program Overview

Mission

Lexington Education Foundation is an independent 501(c)(3) charitable

. Lexington Education Foundation is an independent 501(c)(3) charitable organization dedicated to funding teacher-initiated grants that sustain the excellence of the Lexington Public School System, with a focus on cutting-edge technology and curriculum innovations.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments Other Securities$1,494,956$1,736,283▲ $241,327
Savings and Temporary Cash Investments$272,550$234,331▼ $38,219
Cash and Non-Interest-Bearing Accounts$39,969$91,076▲ $51,107
Investments in Publicly Traded Securities$36,998$26,630▼ $10,368
Prepaid Expenses and Deferred Charges$1,407$1,874▲ $467
Land, Buildings, and Equipment, Net$1,055$351▼ $704
Pledges and Grants Receivable$161--
Accounts Receivable-$117-
Total Assets$1,847,096$2,090,662▲ $243,566
Liabilities
Grants Payable$280,680$252,190▼ $28,490
Accounts Payable and Accrued Expenses$985$838▼ $147
Total Liabilities$281,665$253,028▼ $28,637
Net Assets / Fund Balance
Unrestricted Net Assets$62,247$1,837,634▲ $1,775,387
Permanently Rstr Net Assets$1,118,345--
Temporarily Rstr Net Assets$384,839--
Total Net Assets Fund Balance$1,565,431$1,837,634▲ $272,203
Total Liabilities and Net Assets / Fund Balance$1,847,096$2,090,662▲ $243,566

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$351$6,921$7,272
Other Securities$1,498,364--

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2013$1,503,184-▲ $260,149-$1,763,333
2012$1,313,578-▲ $197,606-$1,503,184
2011$1,411,007$1,161▼ $48,590-$1,313,578
2010$1,220,694$500▲ $239,813-$1,411,007
2009$1,117,846-▲ $132,848-$1,220,694
Compensation and Service Providers
Top Officer Pay34th percentile

Board Members and Trustees

NameTitle
Ann BoeseCo-President
Kim GoldingerCo-President
Ann KellyDirector
Katie CutlerDirector
Lesley HausmannDirector
Matt HausmannDirector
Miranda ClarkeDirector
Muge ErkanDirector
Nancy WhiteDirector
Riaz AdamjeeDirector
Suzanne BrunoDirector
Swapnil ShahDirector
Sylvia HanDirector
Michael DuffyClerk
Sharon LawlerTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$339,901
Program Service Revenue
$0
Investment Income
$68,816
Other Revenue
$5,978
All Other Contributions
$240,019
Change in Net Assets
$78,041
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$241,883
Other Expenses$61,495
Total Fundraising Expense$53,638
Salaries, Compensation, and Employee Benefits$33,276
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$212,294--$212,294
Other Salaries and Wages$1,463$4,777$24,319$30,559
Grants to Domestic Individuals$29,589--$29,589
Occupancy$0$13,199$0$13,199
Fees for Services Other$0$6,075$0$6,075
Fees for Services Accounting$0$5,900$0$5,900
Payroll Taxes$129$403$2,185$2,717
Insurance$0$1,974$0$1,974
Office Expenses$0$1,479$0$1,479
Other Expenses$0$967$0$967
Depreciation Depletion$0$703$0$703
Total Functional Expenses$243,475$39,541$53,638$336,654
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
04-6001200-N/aSchool Program Grants$135,294
04-6001200-N/aSchool Community Grants$77,000
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$32,876
Fundraising Direct Expenses$26,898
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Event 2$19,576$19,576-$19,576
Event 1$113,182$13,300-$13,300
Total Events$132,758$32,876$26,898$5,978
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
Yes
Annual disclosure for covered persons
Yes
Audit committee
No
Backup withholding compliance
Yes
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No
Filing and Contact Details

Filer

EIN
04-3164996
Phone
7813723288

Signing Officer

Name
Sharon Lawler
Title
Treasurer of the Board
Phone
7813723288
Signed
2015-01-14
Discuss with paid preparer
Yes

Organization Details

Formed
1991
Legal Domicile
Ma
Voting Board Members
15
Independent Board Members
15
Employees
1
Volunteers
50

Preparer

Preparer
Joseph T Twardy Jr
Phone
7812746600
Supplemental Narrative

Additional Explanations

Pt V, Line 3B

“Personal Benefit Contract Statement”

Pt V, Line 3B

“(Form 990, Part V, lines 7e and 7f)”

Pt V, Line 3B

“The organization did not pay any premiums on any personal”

Pt V, Line 3B

“benefit contracts during FY2014, nor did the organization”

Pt V, Line 3B

“receive any income from any such personal benefit contracts.”

Pt V, Line 3B

“-”

Pt VI, Line 2

“There is a married couple on the Board of Directors.”

Pt VI, Line 2

“-”

Pt VI, Line 11B

“The completed Form 990 is given to all the board members”

Pt VI, Line 11B

“prior to filing. The Form is reviewed by the Co-Presidents”

Pt VI, Line 11B

“and Treasurer.”

Pt VI, Line 11B

“-”

Pt VI, Line 12C

“The organization's board members are asked to disclose”

Pt VI, Line 12C

“conflicts of interest one a year. Any disclosures are”

Pt VI, Line 12C

“reviewed by the Co-Presidents.”

Pt VI, Line 12C

“-”

Pt VI, Line 18

“The organizations Form 990 return is available for”

Pt VI, Line 18

“public inspection on the following web sites:”

Pt VI, Line 18

“http://www.charities.ago.state.ma.us”

Pt VI, Line 18

“http://www.guidestar.org”

Pt VI, Line 18

“-”

Pt VI, Line 19

“The organization will provide a copy of its Reviewed”

Pt VI, Line 19

“Financial Statements, Notes to the Financial Statements,”

Pt VI, Line 19

“Form 990 return, governing documents, and conflict of”

Pt VI, Line 19

“interest policy to the public upon request.”

Financial Statement Notes

Pt V Line 4

“Intended Uses of the organization's Endowment Funds: The principal invested in the organization's Endowment Funds will be held, and spent only on LEF's mission, in accordance with LEF's spending policy. -”

Pt X Line 2

“Form 990, Part IV, Line 11f and Schedule D, Part X, Line 2: FIN 48 (ASC 740) "Uncertain Tax Positions" footnote: Lexington Education Foundation, Inc. files informational”

Pt X Line 2

“income tax returns with the United States Treasury and the Commonwealth of Massachusetts. In accordance with FASB Interpretation No. (FIN) 48 (ASC-740), "Accounting for Uncertainties in Income Taxes", with few exceptions, the organization is no longer subject to U.S. federal and state income tax examinations by tax authorities for years prior to the fiscal year ended June 30, 2011.”

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IRS990/Desc0LEF PROGRAM GRANTS FUND DYNAMIC CLASSROOM AND CURRICULUM PROJECTS, AS WELL AS PROFESSIONAL DEVELOPMENT OPPORTUNITIES FOR EDUCATORS. PROGRAM GRANTS ARE AVAILABLE TO TEACHERS, STAFF, ADMINISTRATORS AND COMMUNITY MEMBERS. THE GRANT APPLICATION PROCESS REQUIRES EACH APPLICANT TO DETAIL HOW GRANT ACTIVITIES ARE EXPECTED TO BENEFIT THE STUDENTS OF LEXINGTON. GRANTS HAVE BEEN AWARDED TO ALL GRADE LEVELS AND IN ALL DISCIPLINES, INCLUDING THE ARTS, SCIENCES, LITERACY, PHYSICAL EDUCATION, TEACHER MENTORING, AND SOCIAL COMPETENCY. THE GOAL OF LEF PROGRAM GRANTS IS TO ENHANCE THE LEARNING OF STUDENTS AND TEACHERS.
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IRS990/NoListedPersonsCompensatedInd0X
IRS990/NondeductibleContributionsInd0false
IRS990/OccupancyGrp/FundraisingAmt00
IRS990/OccupancyGrp/ManagementAndGeneralAmt013199
IRS990/OccupancyGrp/ProgramServicesAmt00
IRS990/OccupancyGrp/TotalAmt013199
IRS990/OfficeExpensesGrp/FundraisingAmt00
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt01479
IRS990/OfficeExpensesGrp/ProgramServicesAmt00
IRS990/OfficeExpensesGrp/TotalAmt01479
IRS990/OfficerMailingAddressInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherExpensesGrp/Desc0Credit card processing fees
IRS990/OtherExpensesGrp/Desc1Event supplies
IRS990/OtherExpensesGrp/Desc2Printing and postage
IRS990/OtherExpensesGrp/Desc3Miscellaneous
IRS990/OtherExpensesGrp/FundraisingAmt08848
IRS990/OtherExpensesGrp/FundraisingAmt112835
IRS990/OtherExpensesGrp/FundraisingAmt25451
IRS990/OtherExpensesGrp/FundraisingAmt30
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt00
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt175
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt23989
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt3967
IRS990/OtherExpensesGrp/ProgramServicesAmt00
IRS990/OtherExpensesGrp/ProgramServicesAmt10
IRS990/OtherExpensesGrp/ProgramServicesAmt20
IRS990/OtherExpensesGrp/ProgramServicesAmt30
IRS990/OtherExpensesGrp/TotalAmt08848
IRS990/OtherExpensesGrp/TotalAmt112910
IRS990/OtherExpensesGrp/TotalAmt29440
IRS990/OtherExpensesGrp/TotalAmt3967
IRS990/OtherSalariesAndWagesGrp/FundraisingAmt024319
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt04777
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt01463
IRS990/OtherSalariesAndWagesGrp/TotalAmt030559
IRS990/OtherWebsiteInd0X
IRS990/PartialLiquidationInd0false
IRS990/PayPremiumsPrsnlBnftCntrctInd0false
IRS990/PayrollTaxesGrp/FundraisingAmt02185
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt0403
IRS990/PayrollTaxesGrp/ProgramServicesAmt0129
IRS990/PayrollTaxesGrp/TotalAmt02717
IRS990/PermanentlyRstrNetAssetsGrp/BOYAmt01118345
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt0161
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt01407
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt01874
IRS990/PrincipalOfcrBusinessAddress/BusinessNameLine10Sharon Lawler
IRS990/ProfessionalFundraisingInd0false
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt0345863
IRS990/PYExcessBenefitTransInd0false
IRS990/PYGrantsAndSimilarPaidAmt0297768
IRS990/PYInvestmentIncomeAmt069664
IRS990/PYOtherExpensesAmt059917
IRS990/PYOtherRevenueAmt012177
IRS990/PYRevenuesLessExpensesAmt035002
IRS990/PYSalariesCompEmpBnftPaidAmt035017
IRS990/PYTotalExpensesAmt0392702
IRS990/PYTotalRevenueAmt0427704
IRS990/QuidProQuoContributionsInd0true
IRS990/QuidProQuoContriDisclInd0true
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReconcilationRevenueExpnssAmt078041
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0true
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0272550
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0234331
IRS990ScheduleA/Form990ScheduleAPartIVGrp/ExplanationTxt02009: 31365.
IRS990ScheduleA/Form990ScheduleAPartIVGrp/ExplanationTxt12010: 43234.
IRS990ScheduleA/Form990ScheduleAPartIVGrp/ExplanationTxt22011: 30520.
IRS990ScheduleA/Form990ScheduleAPartIVGrp/ExplanationTxt32012: 37521.
IRS990ScheduleA/Form990ScheduleAPartIVGrp/ExplanationTxt42013: 23004.
IRS990ScheduleA/Form990ScheduleAPartIVGrp/ExplanationTxt5All of the above amounts were a portion of the gross
IRS990ScheduleA/Form990ScheduleAPartIVGrp/ExplanationTxt6income received from fundraising events, excluding
IRS990ScheduleA/Form990ScheduleAPartIVGrp/ExplanationTxt7any contributions received.
IRS990ScheduleA/Form990ScheduleAPartIVGrp/FormAndLineReferenceDesc0Pt II Line 10
IRS990ScheduleA/Form990ScheduleAPartIVGrp/FormAndLineReferenceDesc1Pt II Line 10
IRS990ScheduleA/Form990ScheduleAPartIVGrp/FormAndLineReferenceDesc2Pt II Line 10
IRS990ScheduleA/Form990ScheduleAPartIVGrp/FormAndLineReferenceDesc3Pt II Line 10
IRS990ScheduleA/Form990ScheduleAPartIVGrp/FormAndLineReferenceDesc4Pt II Line 10
IRS990ScheduleA/Form990ScheduleAPartIVGrp/FormAndLineReferenceDesc5Pt II Line 10
IRS990ScheduleA/Form990ScheduleAPartIVGrp/FormAndLineReferenceDesc6Pt II Line 10
IRS990ScheduleA/Form990ScheduleAPartIVGrp/FormAndLineReferenceDesc7Pt II Line 10
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt0339712
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt0343853
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt0435602
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt0399786
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt0406241
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt01925194
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt051790
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt044320
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt032600
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt021035
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt018057
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt0167802
IRS990ScheduleA/InvestmentIncomeCYPct00
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearAmt023004
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus1YearAmt037521
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus2YearsAmt030520
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus3YearsAmt043234
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus4YearsAmt031365
IRS990ScheduleA/OtherIncome170Grp/TotalAmt0165644
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.85020
IRS990ScheduleA/PublicSupportCY509Pct00
IRS990ScheduleA/PublicSupportPY170Pct00.83330
IRS990ScheduleA/PublicSupportTotal170Amt01925194
IRS990ScheduleA/PublicSupportTotal509Amt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0339712
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0343853
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt0435602
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0399786
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0406241
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt01925194
IRS990ScheduleA/TotalSupportAmt02264497
IRS990ScheduleA/UnrelatedBusinessNetIncm170Grp/CurrentTaxYearAmt0661
IRS990ScheduleA/UnrelatedBusinessNetIncm170Grp/CurrentTaxYearMinus2YearsAmt02017
IRS990ScheduleA/UnrelatedBusinessNetIncm170Grp/CurrentTaxYearMinus3YearsAmt01201
IRS990ScheduleA/UnrelatedBusinessNetIncm170Grp/CurrentTaxYearMinus4YearsAmt01978
IRS990ScheduleA/UnrelatedBusinessNetIncm170Grp/TotalAmt05857
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd0true
IRS990ScheduleD/CYEndwmtFundGrp/BeginningYearBalanceAmt01503184
IRS990ScheduleD/CYEndwmtFundGrp/EndYearBalanceAmt01763333
IRS990ScheduleD/CYEndwmtFundGrp/InvestmentEarningsOrLossesAmt0260149
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/BeginningYearBalanceAmt01313578
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/EndYearBalanceAmt01503184
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/GrantsOrScholarshipsAmt08000
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt0197606
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/BeginningYearBalanceAmt01411007
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/ContributionsAmt01161
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/EndYearBalanceAmt01313578
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/GrantsOrScholarshipsAmt050000
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt0-48590
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/BeginningYearBalanceAmt01220694
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/ContributionsAmt0500
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/EndYearBalanceAmt01411007
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/GrantsOrScholarshipsAmt050000
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt0239813
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/BeginningYearBalanceAmt01117846
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/EndYearBalanceAmt01220694
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/GrantsOrScholarshipsAmt030000
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt0132848
IRS990ScheduleD/EndowmentsHeldRelatedOrgInd0false
IRS990ScheduleD/EndowmentsHeldUnrelatedOrgInd0false
IRS990ScheduleD/EquipmentGrp/BookValueAmt0351
IRS990ScheduleD/EquipmentGrp/DepreciationAmt06921
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt07272
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt0237919
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt11498364
IRS990ScheduleD/OtherSecuritiesGrp/Desc0Money Market Accounts
IRS990ScheduleD/OtherSecuritiesGrp/Desc1Mutual Funds
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd0F
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd1F
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0Intended Uses of the organization's Endowment Funds: The principal invested in the organization's Endowment Funds will be held, and spent only on LEF's mission, in accordance with LEF's spending policy. -
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1Form 990, Part IV, Line 11f and Schedule D, Part X, Line 2: FIN 48 (ASC 740) "Uncertain Tax Positions" footnote: Lexington Education Foundation, Inc. files informational
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt2income tax returns with the United States Treasury and the Commonwealth of Massachusetts. In accordance with FASB Interpretation No. (FIN) 48 (ASC-740), "Accounting for Uncertainties in Income Taxes", with few exceptions, the organization is no longer subject to U.S. federal and state income tax examinations by tax authorities for years prior to the fiscal year ended June 30, 2011.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0Pt V Line 4
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1Pt X Line 2
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc2Pt X Line 2
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0351
IRS990ScheduleD/TotalBookValueSecuritiesAmt01736283
IRS990ScheduleG/FundraisingEventInformationGrp/CharitableContributionsTotAmt099882
IRS990ScheduleG/FundraisingEventInformationGrp/CharitableContriEvent1Amt099882
IRS990ScheduleG/FundraisingEventInformationGrp/DirectExpenseSummaryEventsAmt026898
IRS990ScheduleG/FundraisingEventInformationGrp/FoodAndBeverageEvent1Amt025292
IRS990ScheduleG/FundraisingEventInformationGrp/FoodAndBeverageTotalEventsAmt025292
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent1Amt0113182
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent2Amt019576
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsTotalAmt0132758
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueEvent1Amt013300
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueEvent2Amt019576
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueTotalEventsAmt032876
IRS990ScheduleG/FundraisingEventInformationGrp/NameOfEvent1Amt0Gala

Document Assets

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Filings

Displayed year

2014 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$2,090,662
Liabilities
$253,028
Net assets
$1,837,634
Revenue
$414,695
Expenses
$336,654
Net income
$78,041
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$2.99$0.02$2.97$0.33$0.25$0.08
2023Detailed filing. Detailed filing data is available for this year.$2.76$0.14$2.63$0.27$0.23$0.04
2022Detailed filing. Detailed filing data is available for this year.$2.57$0.19$2.38$0.37$0.32$0.05
2021Detailed filing. Detailed filing data is available for this year.$2.85$0.10$2.75$0.46$0.28$0.18
2020Detailed filing. Detailed filing data is available for this year.$2.44$0.26$2.18$0.17$0.33$0.16
2019Detailed filing. Detailed filing data is available for this year.$2.55$0.22$2.33$0.54$0.36$0.19
2018Detailed filing. Detailed filing data is available for this year.$2.32$0.17$2.15$0.48$0.28$0.20
2017Detailed filing. Detailed filing data is available for this year.$2.14$0.21$1.93$0.48$0.35$0.13
2016Detailed filing. Detailed filing data is available for this year.$1.93$0.21$1.72$0.46$0.29$0.17
2015Detailed filing. Detailed filing data is available for this year.$2.05$0.24$1.80$0.45$0.37$0.09
2014Detailed filing. Detailed filing data is available for this year.$2.09$0.25$1.84$0.41$0.34$0.08
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.85$0.28$1.57$0.43$0.39$0.04
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.70$0.30$1.40$0.45
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.81$0.33$1.48$0.48
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.33$0.02$1.31$0.45