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Nonprofiteer
← LIBERIA ECONOMIC AND SOCIAL DEVELOPMENT INC

Form 990 for tax year 2024

Filed by LIBERIA ECONOMIC AND SOCIAL DEVELOPMENT INC.

Totals

Total revenue
$692,137
Total expenses
$821,279
Contributions and grants received
$692,137
Grants paid
$0
Program service revenue
$0
Investment income
$0
Other revenue
$0
Total assets, end of year
$1,225,730
Total liabilities, end of year
$343,710
Net assets or fund balances, end of year
$882,020
Program services expenses (Part IX)
$657,443
Management and general expenses
$163,836
Fundraising expenses
$0
Program service expenses (Part III)
$657,443

Program services were 80.1% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1f · All other contributions, gifts and grants

    $692,137

  • 11d · All other revenue

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 11e · Other revenue, total

    $0

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $168,740 · program services $134,992 · management and general $33,748 · fundraising $0

  • 7 · Other salaries and wages

    total $34,320 · program services $27,456 · management and general $6,864 · fundraising $0

  • 10 · Payroll taxes

    total $15,534 · program services $12,427 · management and general $3,107 · fundraising $0

  • 12 · Advertising and promotion

    total $2,726 · program services $0 · management and general $2,726 · fundraising $0

  • 14 · Information technology

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 16 · Occupancy

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 24a · Other expenses: Lawn Mtnce/Landscap

    total $25,530 · program services $20,424 · management and general $5,106 · fundraising $0

  • 24b · Other expenses: Housing/Land Develop

    total $1,500 · program services $1,500 · management and general $0 · fundraising $0

  • 24c · Other expenses: Materials/Supplies

    total $91,881 · program services $73,505 · management and general $18,376 · fundraising $0

  • 24d · Other expenses: Food expense

    total $12,271 · program services $12,271 · management and general $0 · fundraising $0

  • 24e · All other expenses

    total $468,777 · program services $374,868 · management and general $93,909 · fundraising $0

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $129,547 · end of year $401,470

  • 10a · Land, buildings and equipment: cost or other basis

    $889,047

  • 10b · Land, buildings and equipment: accumulated depreciation

    $64,787

  • 10c · Land, buildings and equipment, net

    beginning of year $824,260 · end of year $824,260

  • 14 · Intangible assets

    beginning of year $358,408

  • 15 · Other assets

    beginning of year $19,318 · end of year $0

  • 17 · Accounts payable and accrued expenses

    beginning of year $477,273 · end of year $277,844

  • 24 · Unsecured notes and loans payable

    beginning of year $358,408

  • 25 · Other liabilities

    beginning of year $119,107 · end of year $65,866

  • 27 · Net assets without donor restrictions

    beginning of year $191,478 · end of year $882,020

  • 28 · Net assets with donor restrictions

    beginning of year $185,267

Mission and programs · 2024

Mission

LES Inc is a community based organization providing vital services to low income children and families, including career counseling, job training, affordable housing, food, childcare.

  • Provide affordable housing, food, childcare, career counseling services to low-income families

    Expenses $657,443 · Revenue $692,137

As filed on the 2024 return.

Listed in Part VII

  • Jeanette M Smith

    Chairman

    Total calculated
    $0
    Hours/week
    2

  • Janice Peterman

    Treasurer

    Total calculated
    $0
    Hours/week
    2

    Schedule J breakdown matched by us

    Base
    $0
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $0

  • Andrew Houghton

    Secretary

    Total calculated
    $0
    Hours/week
    2

  • Marilyn E Franks

    Activity Director

    Total calculated
    $0
    Hours/week
    2

  • Julian Garvin

    Community Base

    Total calculated
    $0
    Hours/week
    2

  • Cara Daniel

    Business

    Total calculated
    $0
    Hours/week
    2

  • Natasha F Jones

    Comunity Based

    Total calculated
    $0
    Hours/week
    2

  • Eric W Bryant

    Community Based

    Total calculated
    $0
    Hours/week
    2

  • Henry Graham

    Executive Director

    Total calculated
    $107,770
    From this org
    $107,770
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

  • Penda Byrd

    Community Based

    Total calculated
    $0
    Hours/week
    2

  • Jean Mario Casseus

    Community Based

    Total calculated
    $0
    Hours/week
    2

  • Jackie Washington

    Administrative Mgr

    Total calculated
    $60,970
    From this org
    $60,970
    From related orgs
    $0
    Other
    $0
    Hours/week
    30

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

None.

Answered no

  • 1b · Written policy on the line-1a expenses
  • 2 · Substantiation required before reimbursing expenses
  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2024
Filed
30 January 2026
IRS schema version
2024v5.2
Source object
202600529349300425

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