LANCEWOOD INSTITUTE INC

EIN: 332370497 501(c)(3) Education

NAPLES, FL

Total Revenue
$1,000,000
Total Expenses
N/A
Total Assets
$1,000,000
Net Assets
$1,000,000
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2024
Legal Domicile
FL
Principal Officer
JAMES BARBALE
Phone
2397765489
Tax Period
2024-12-13 to 2024-12-31

LANCEWOOD INSTITUTE INC, founded in 2024, is a community nonprofit in the Education sector that reported $1.0M in total revenue in fiscal year 2024.

Mission

THE SOLE PURPOSE OF LANCEWOOD INSTITUTE IS TO SUPPORT EDUCATIONAL NEEDS. BY SUPPORTING CREATING CIRRICULUM, AND FUNDING 501C3 ORGAIZATIONS TO SUPPORT EDUCATION.

Program Service Accomplishments

Program 1

OUR ORGANIZATION SEEKS NONPROFIT STATUS TO PROVIDE CRITICAL SUPPORT FOR EDUCATIONAL NEEDS. WE AIM TO DELIVER DIRECT ASSISTANCE TO QUALIFIED GROUPSWHILE CREATING EDUCATIONAL TOOLS FOR SCHOOLS AND...

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OUR ORGANIZATION SEEKS NONPROFIT STATUS TO PROVIDE CRITICAL SUPPORT FOR EDUCATIONAL NEEDS. WE AIM TO DELIVER DIRECT ASSISTANCE TO QUALIFIED GROUPSWHILE CREATING EDUCATIONAL TOOLS FOR SCHOOLS AND COMMUNITIES IN NEED DIRECT SUPPORT TO QUALIFIED ORGANIZATIONS ONE OF OUR PRIMARY ACTIVITIES ISPROVIDING DIRECT SUPPORT TO QUALIFIED GROUPS THAT ENHANCE EDUCATION. THIS SUPPORT INCLUDES RESOURCE ALLOCATION, CURRICULUM DEVELOPMENTCONSULTANCY, AND COLLABORATION ON EDUCATIONAL INITIATIVES FOR UNDERSERVED POPULATIONS. OUR DEDICATED TEAM OF EDUCATORS AND PROGRAM COORDINATORS WILL OPERATE PRIMARILY IN COMMUNITY CENTERS, SCHOOLS, AND PARTNER NONPROFITLOCATIONS. THIS INITIATIVE WILL ACCOUNT FOR APPROXIMATELY FIFTY PERCENT OF OUR TOTAL ENGAGEMENT TIME. FUNDING WILL COME FROM GOVERNMENT GRANTS,COMMUNITY DONATIONS, AND CORPORATE SPONSORSHIPS, WITH SIXTY PERCENT OF OUR OPERATIONAL BUDGET ALLOCATED TO THIS ACTIVITY. THIS INITIATIVE EMPOWERS PARTNER ORGANIZATIONS TO OFFER EFFECTIVE EDUCATIONAL SERVICES. CREATION OF EDUCATIONAL TOOLS IN ADDITION TO DIRECT SUPPORT, WE PLAN TO DEVELOP EDUCATIONAL TOOLS TO ADDRESS SPECIFIC CHALLENGES IN UNDERFUNDEDSCHOOLS. THESE TOOLS WILL INCLUDE DIGITAL RESOURCES, PRINTED MATERIALS, AND INSTRUCTIONAL GUIDES TAILORED TO DIVERSE LEARNING STYLES. COLLABORATIONWITH CURRICULUM SPECIALISTS AND LOCAL EDUCATORS WILL SHAPE THESE RESOURCES. TOOL DEVELOPMENT WILL LIKELY ACCOUNT FOR ABOUT THIRTY PERCENT OF OUROVERALL PROGRAM TIME, WITH FUNDING FROM EDUCATIONAL GRANTS AND PARTNERSHIPS. ABOUT TWENTY PERCENT OF OUR BUDGET WILL SUPPORT THIS INITIATIVE,FACILITATING ENHANCED LEARNING EXPERIENCES. COMMUNITY ENGAGEMENT PROGRAMS OUR ORGANIZATION RECOGNIZES THE IMPORTANCE OF COMMUNITY ENGAGEMENT THROUGH EDUCATIONAL OUTREACH. FUNDING FOR THESE PROGRAMS WILL COME FROM FUNDRAISING EVENTS, BUSINESS SPONSORSHIPS AND REGISTRATION FEES WITH FIVE PERCENT OF OUR BUDGETDEDICATED TO THESE EVENTS. THIS INITIATIVE FOSTERS COLLABORATION WITHIN THE COMMUNITY FURTHERING OUR MISSION

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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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $1,000,000
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $1,000,000

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Other Expenses $0
TOTAL EXPENSES $0

Year-over-Year Comparison

2024 2023 Change
Revenue $1,000,000 N/A N/A
Expenses N/A N/A N/A
Net Income N/A N/A N/A
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
3
Independent Members
3
Employees
N/A
Volunteers
3

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
2
$0
Total Directors
2
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
THERESA BARBALE OFFICER N/A
Officer Director
$0 $0 $0
JAMIE MERCHANT SECRETARY N/A
Director
$0 $0 $0
JAMES BARBALE CHAIRMAN N/A
Officer
$0 $0 $0
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
2024 $1,000,000 No data $1,000,000 No data
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