LE3 INC

EIN: 474231903 501(c)(3) Education

WILLIAMSVILLE, NY

Total Revenue
$2,620,358
Total Expenses
$3,269,276
Total Assets
$259,535
Net Assets
$-1,396,659
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2015
Legal Domicile
NY
Principal Officer
ELIZABETH A POLEON-PETERS
Phone
7164309322
Tax Period
2023-09-01 to 2024-08-31

LE3 INC, founded in 2015, is a community nonprofit in the Education sector that reported $2.6M in total revenue in fiscal year 2023. Revenue decreased 7% compared to the prior year. Expenses of $3.3M exceeded revenue, resulting in a 25% operating deficit.

Mission

TO PROVIDE CHILDREN OF AGES PRE-KINDERGARTEN THROUGH EIGHTH GRADE WITH A SAFE ENVIRONMENT FOR DAYCARE, BEFORE AND AFTER SCHOOL AND SUMMER CAMP, RESPECTIVELY.

Program Service Accomplishments

Program 1
Expenses: $3,127,002 Revenue: $2,198,251

LE3, INC. PROVIDES BEFORE SCHOOL PROGRAMMING FOR THE CHILDREN OF PARENTS WHO NEED TO GET TO WORK BEFORE THE SCHOOL DAY STARTS, AS WELL AS, PROVIDING AFTER SCHOOL PROGRAMMING FOR CHILDREN OF PARENTS...

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LE3, INC. PROVIDES BEFORE SCHOOL PROGRAMMING FOR THE CHILDREN OF PARENTS WHO NEED TO GET TO WORK BEFORE THE SCHOOL DAY STARTS, AS WELL AS, PROVIDING AFTER SCHOOL PROGRAMMING FOR CHILDREN OF PARENTS WHO NEED TO STAY AT WORK LATER THAN THE SCHOOL DAY ENDS. LE3, INC. PROVIDES AN ACADEMIC PROGRAM THAT FOCUSES ON EXTENDING THE CURRICULUM STUDENTS ARE LEARNING IN SCHOOL, WITH THESE SERVICES PROVIDED TO OVER 1,850 FAMILIES THROUGH AUGUST OF 2024.

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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 (2023)

Revenue Breakdown

Contributions & Grants $421,928
Program Service Revenue $2,198,251
Investment Income $0
Other Revenue $179
TOTAL REVENUE $2,620,358

Expense Breakdown

Grants Paid $0
Salaries & Benefits $2,263,012
Fundraising Expenses $0
Program Expenses $3,127,002
Other Expenses $1,006,264
TOTAL EXPENSES $3,269,276

Year-over-Year Comparison

2023 2022 Change
Revenue $2,620,358 $2,815,585 -0.1%
Expenses $3,269,276 $3,252,034 +0.0%
Net Income $-648,918 $-436,449 +0.5%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Liquidity & Cash Position

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Governance

Voting Members
4
Independent Members
1
Employees
190
Volunteers
18

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
1
$87,404
Total Directors
4
$87,404
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
ELIZABETH A POLEON-PETERS EXECUTIVE DI 50.00
Officer Director
$87,404 $0 $87,404
GREGORY P POLEON DIRECTOR 10.00
Director
$0 $0 $0
ROSEANN POLEON DIRECTOR 10.00
Director
$0 $0 $0
RANDY D TOTH DIRECTOR 1.00
Director
$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
2025 No data No data No data No data
2024 $2,620,358 $3,269,276 $259,535 $-648,918
2023 $2,815,585 $3,252,034 $664,850 $-436,449
2022 $2,096,987 $2,059,868 $945,284 $37,119
2021 $1,708,375 $1,601,312 $101,056 $107,063
2020 $785,813 $1,044,665 $79,338 $-258,852
2019 $850,010 $979,576 $50,546 $-129,566
2018 $422,686 $469,115 $56,174 $-46,429
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