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Nonprofiteer
← ACT LAWRENCE INC

Form 990 for tax year 2024

Filed by ACT LAWRENCE INC.

Totals

Total revenue
$687,659
Total expenses
$617,105
Contributions and grants received
$658,046
Grants paid
$0
Program service revenue
$29,563
Investment income
$50
Other revenue
$0
Total assets, end of year
$677,955
Total liabilities, end of year
$225,908
Net assets or fund balances, end of year
$452,047
Program services expenses (Part IX)
$373,265
Management and general expenses
$218,385
Fundraising expenses
$25,455
Program service expenses (Part III)
$373,265

Program services were 60.5% 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.

  • 1e · Government grants (contributions)

    $333,682

  • 1f · All other contributions, gifts and grants

    $324,364

  • 2a · Program service revenue: PROGRAM FEES

    total $29,563 · related or exempt $29,563

  • 3 · Investment income

    total $50 · excluded $50

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $82,750 · program services $62,063 · management and general $16,550 · fundraising $4,137

  • 7 · Other salaries and wages

    total $242,366 · program services $181,774 · management and general $48,473 · fundraising $12,119

  • 10 · Payroll taxes

    total $40,302 · program services $30,226 · management and general $8,061 · fundraising $2,015

  • 11b · Fees: legal

    total $128 · management and general $128

  • 11c · Fees: accounting

    total $14,095 · management and general $14,095

  • 12 · Advertising and promotion

    total $8,454 · management and general $8,454

  • 13 · Office expenses

    total $11,666 · management and general $11,666

  • 16 · Occupancy

    total $59,626 · management and general $59,626

  • 17 · Travel

    total $2,385 · program services $2,385

  • 22 · Depreciation, depletion and amortization

    total $4,234 · management and general $4,234

  • 23 · Insurance

    total $7,859 · management and general $7,859

  • 24a · Other expenses: PROGRAM EXPENSES

    total $59,937 · program services $59,937

  • 24b · Other expenses: SUPPLIES

    total $25,329 · program services $14,186 · management and general $7,896 · fundraising $3,247

  • 24c · Other expenses: TELEPHONE

    total $19,663 · management and general $19,663

  • 24d · Other expenses: CONTRACT SERVICES

    total $15,810 · program services $12,450 · fundraising $3,360

  • 24e · All other expenses

    total $22,501 · program services $10,244 · management and general $11,680 · fundraising $577

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $378,883 · end of year $437,361

  • 9 · Prepaid expenses and deferred charges

    beginning of year $8,091 · end of year $11,102

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

    $28,441

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

    $16,784

  • 10c · Land, buildings and equipment, net

    beginning of year $15,890 · end of year $11,657

  • 15 · Other assets

    beginning of year $217,835 · end of year $217,835

  • 17 · Accounts payable and accrued expenses

    beginning of year $14,379 · end of year $1,081

  • 25 · Other liabilities

    beginning of year $224,827 · end of year $224,827

  • 27 · Net assets without donor restrictions

    beginning of year $381,493 · end of year $452,047

Mission and programs · 2024

Mission

OUR MISSION IS TO WORK TO ACHIEVE SOCIAL AND ECONOMIC JUSTICE BY EMPOWERING LOW TO MODERATE INCOME POPULATIONS IN LAWRENCE, MA THROUGH SHARED VALUES OF INCLUSIVENESS AND COLLABORATION TO RECLAIM A VOICE FOR LAWRENCE AND ADVOCATE SELF-DETERMINATION FOR ITS RESIDENTS THROUGH COMMUNITY DEVELOPMENT INITIATIVES SUCH AS AFFORDABLE HOUSING, FINANCIAL COACHING AND YOUTH LEADERSHIP PROGRAMS.

Activities or mission (Part I)

OUR MISSION IS TO WORK TO ACHIEVE SOCIAL AND ECONOMIC JUSTICE BY EMPOWERING LOW TO MODERATE INCOME POPULATIONS IN LAWRENCE, MA THROUGH SHARED VALUES OF INCLUSIVENESS AND COLLABORATION TO RECLAIM A VOICE FOR LAWRENCE AND ADVOCATE SELF-DETERMINATION FOR ITS RESIDENTS THROUGH COMMUNITY DEVELOPMENT INITIATIVES SUCH AS AFFORDABLE HOUSING, FINANCIAL COACHING, AND YOUTH LEADERSHIP PROGRAMS.

  • THE ORGANIZATION ASSISTED LOW-INCOME FAMILIES THROUGH ALL OF THE ORGANIZATION'S PROGRAMS. THE ORGANIZATION EDUCATED PEOPLE WITH FINANCIAL LITERACY AND COUSELED PEOPLE THROUGH FORECLOSURE PREVENTION. THE ORGANIZATION EDUCATED FIRST-TIME HOME BUYERS AND GRADUATED NEW YOUTH LEADERS.

    Expenses $373,265 · Revenue $29,563

As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Erika Hernandez

    EXECUTIVE DI

    Total calculated
    $82,750
    From this org
    $82,750
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

  • Alenny Acevedo

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Luis Saenz De Viguera Erikiaga

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Francisco Espaillat

    CHAIR

    Total calculated
    $0
    Hours/week
    2

  • Luz Fraizer

    VICE-CHAIR

    Total calculated
    $0
    Hours/week
    2

  • Rosa Maldonado

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Henry Och

    TREASURER

    Total calculated
    $0
    Hours/week
    2

  • Cristal Quezada

    CLERK

    Total calculated
    $0
    Hours/week
    2

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.

Grants on this return

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2024
Filed
15 November 2025
IRS schema version
2024v5.0
Source object
202523189349303632

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