LAWRENCE TOWNSHIP EDUCATION FOUNDA… - Form 990 Financial Data

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1993

Legal Domicile

Principal Officer

CHARLES SNELLINGS

Phone

6093101831

Tax Period

2024-07-01 to 2025-06-30

LAWRENCE TOWNSHIP EDUCATION FOUNDATION, founded in 1993, is a small nonprofit in the Philanthropy & Grantmaking sector that reported $167K in total revenue in fiscal year 2024. Revenue fell 21% from the prior year — a significant decline worth monitoring. Expenses of $161K left a modest 4% surplus.

Mission

FOSTERING EDUCATIONAL EXCELLENCE CREATIVITY AND ACHIEVEMENT IN THE LAWRENCE TOWNSHIP PUBLIC SCHOOLS.

Program Service Accomplishments

Program 1

Expenses: $134,126

IN THE 2024-2025 SCHOOL YEAR LTEF AWARDED GRANTS TOTALING MORE THAN $80,000 FOR APPROXIMATELY 50 INNOVATIVE PROGRAMS AND PROJECTS TO ENHANCE THE QUALITY OF TEACHING AND LEARNING IN THE LAWRENCE...

IN THE 2024-2025 SCHOOL YEAR LTEF AWARDED GRANTS TOTALING MORE THAN $80,000 FOR APPROXIMATELY 50 INNOVATIVE PROGRAMS AND PROJECTS TO ENHANCE THE QUALITY OF TEACHING AND LEARNING IN THE LAWRENCE TOWNSHIP PUBLIC SCHOOL DISTRICT. ALL ELEMENTARY SCHOOLS WILL RECEIVE THE MINDFUL MOMENTS MOVEMENTS AND SONGS A ROCKIN' YOGA ASSEMBLIES THAT COMBINES MINDFULNESS WITH MUSIC AND MOVEMENT TO ENGAGE CALM AND UNITE STUDENTS WHILE GETTING THEM MOVING. IN ADDITION ALL ELEMENTARY SCHOOLS AND LAWRENCE INTERMEDIATE SCHOOL (LIS) WILL GET CLIMATE CHANGE CORNERS TO HOUSE BOOKS ON CLIMATE CHANGE. ELDRIDGE PARK SCHOOL WILL BE ADDING A GAGA PIT AND PERMANENT ADJUSTABLE BASKETBALL HOOP. MULTIPLE LITEBRITES WILL BE PROVIDED TO K & 1ST GRADER CLASSES LIS WILL SEE THE CREATION OF MURALS IN ALL BATHROOMS AT LIS BY THE SOCIAL JUSTICE CLUB AND ART DEPARTMENT TARGETED LANGUAGE AND LITERACY SUPPORT FOR ESL STUDENTS AND TWO SETS OF TCHOUKBALL. ALL FOUR ELEMENTARY SCHOOLS WILL BENEFIT FROM ONE GRANT THAT WILL EQUIP A PHOTOGRAPHY AND AUDIO PRODUCTION CLASSROOM AND MULTIPLE SCHOOLS WILL SEE THE ADDITION OF FLEXIBLE SEATING OPTIONS. THE HIGH SCHOOL WILL RECEIVE VERNIER LABQUEST DEVICES FOR ALL SCIENCE CLASSES AND A NEW WENGER CONDUCTOR'S PODIUM THAT WILL IMPROVE ALL MUSICAL PERFORMANCES AND PRACTICES.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $165,273

Program Service Revenue $0

Investment Income $373

Other Revenue $1,180

TOTAL REVENUE $166,826

Expense Breakdown

Grants Paid $85,662

Salaries & Benefits $51,524

Fundraising Expenses $8,277

Program Expenses $134,126

Other Expenses $23,752

TOTAL EXPENSES $160,938

Year-over-Year Comparison

	2024	2023	Change
Revenue	$166,826	$212,194	-0.2%
Expenses	$160,938	$170,620	-0.1%
Net Income	$5,888	$41,574	-0.9%

Key Indicators

✓ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

Volunteers

Governance Policies

✓ Conflict of Interest Policy

✓ Whistleblower Policy

✓ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School

✗ Operated a Hospital

✗ Provided First Class Travel

✗ Reported Conflict of Interest

✗ Reported Asset Diversion

✗ Excess Benefit Transaction

✗ Made Political Expenditures

✗ Engaged in Lobbying

✗ Operated Donor Advised Fund

✗ Maintained Art Collections

✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers

$43,346

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CHARLES SNELLINGS	PRESIDENT	1.00	Officer Director	$0	$0	$0
JENNIFER HSIAO	VICE PRESDIENT	1.00	Officer Director	$0	$0	$0
ELIZABETH MILLER	TREASURER	1.00	Officer Director	$0	$0	$0
KATHIE BALDASSARI	TRUSTEE	1.00	Director	$0	$0	$0
ERIN BARNARD	TRUSTEE	1.00	Director	$0	$0	$0
KIMBERLY GELB	TRUSTEE	1.00	Director	$0	$0	$0
NANCY MALONEY	TRUSTEE	1.00	Director	$0	$0	$0
BRIAN MAUGER	TRUSTEE	1.00	Director	$0	$0	$0
KIM MCNEAR	TRUSTEE	1.00	Director	$0	$0	$0
KATIE MILFORD	TRUSTEE	1.00	Director	$0	$0	$0
CATHERINE TAEFFNER	TRUSTEE	1.00	Director	$0	$0	$0
ANDREW TUNNARD	TRUSTEE	1.00	Director	$0	$0	$0
JESSICA WELSH	TRUSTEE	1.00	Director	$0	$0	$0
BONNE GIGLIO	EXECUTIVE DIRECTOR	30.00	Officer	$43,346	$0	$43,346

Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year	Revenue	Expenses	Assets	Net Income
2025	$166,826	$160,938	$424,963	$5,888
2024	$212,194	$170,620	$392,530	$41,574
2023	$210,214	$181,494	$375,394	$28,720
2022	$273,631	$273,370	$311,636	$261
2021	$158,691	$177,527	$323,569	$-18,836
2020	$293,854	$301,418	$316,039	$-7,564
2019	$300,634	$341,553	$309,442	$-40,919
2018	$275,906	$297,303	$349,342	$-21,397

LAWRENCE TOWNSHIP EDUCATION FOUNDATION