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Nonprofiteer
← LAKEWOOD ECONOMIC ACTION PROGRAM INC

Form 990 for tax year 2022

Filed by LAKEWOOD ECONOMIC ACTION PROGRAM INC.

Totals

Total revenue
$1,803,873
Total expenses
$1,795,989
Contributions and grants received
$1,803,867
Grants paid
$0
Program service revenue
$0
Investment income
$6
Other revenue
$0
Total assets, end of year
$245,284
Total liabilities, end of year
$54,847
Net assets or fund balances, end of year
$190,437
Program services expenses (Part IX)
$1,740,189
Management and general expenses
$55,800
Fundraising expenses
$0
Program service expenses (Part III)
$1,740,189

Program services were 96.9% 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)

    $1,803,867

  • 3 · Investment income

    total $6 · excluded $6

Functional expenses

Part IX, the statement of functional expenses.

  • 7 · Other salaries and wages

    total $905,532 · program services $905,532

  • 8 · Pension plan contributions

    total $7,823 · program services $7,823

  • 9 · Other employee benefits

    total $225,113 · program services $225,113

  • 10 · Payroll taxes

    total $123,690 · program services $123,690

  • 11a · Fees: management

    total $40,400 · management and general $40,400

  • 11b · Fees: legal

    total $298 · program services $298

  • 11c · Fees: accounting

    total $15,400 · management and general $15,400

  • 11g · Fees: other

    total $24,333 · program services $24,333

  • 13 · Office expenses

    total $69,395 · program services $69,395

  • 16 · Occupancy

    total $118,966 · program services $118,966

  • 17 · Travel

    total $32,391 · program services $32,391

  • 22 · Depreciation, depletion and amortization

    total $18,045 · program services $18,045

  • 23 · Insurance

    total $48,097 · program services $48,097

  • 24a · Other expenses: NUTRITION AND FOOD SERV

    total $112,165 · program services $112,165

  • 24b · Other expenses: DUES AND PUBLICATIONS

    total $32,350 · program services $32,350

  • 24c · Other expenses: MATERIALS AND SUPPLIES

    total $13,115 · program services $13,115

  • 24d · Other expenses: TRAINING

    total $8,741 · program services $8,741

  • 24e · All other expenses

    total $135 · program services $135

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $11,620 · end of year $11,620

  • 2 · Savings and temporary cash investments

    beginning of year $27,286 · end of year $31,864

  • 3 · Pledges and grants receivable

    beginning of year $66,373 · end of year $33,568

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

    $828,711

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

    $672,789

  • 10c · Land, buildings and equipment, net

    beginning of year $121,288 · end of year $155,922

  • 12 · Investments: other securities

    beginning of year $263 · end of year $263

  • 15 · Other assets

    beginning of year $12,047 · end of year $12,047

  • 17 · Accounts payable and accrued expenses

    beginning of year $56,324 · end of year $54,847

  • 27 · Net assets without donor restrictions

    beginning of year $182,553 · end of year $190,437

Mission and programs · 2022

Mission

Provide comprehensive child development services to low-income families, including pregnant women and families with newborn babies and children up to 3 years old. These services are provided through the Head Start program.

Activities or mission (Part I)

The Lakewood Economic Action Program Inc. (LEAP) provides comprehensive child development services to low-income families. An Early Head Start grant enabled LEAP to expand the program to include pregnant women and families with newborn babies and children up to 3 years old.

  • Head Start program/Early Head Start - The agency administered the Head Start program to 141 children.

    Expenses $1,639,822

  • Child & Adult Food Program - The agency provided meals for the Head Start enrollees.

    Expenses $100,367

As filed on the 2022 return.

Listed in Part VII

  • SAM RABINOWITZ

    CHAIRPERSON

    Total calculated
    $0
    Hours/week
    2

  • PAM HULLEN-MOORE

    TREASURER

    Total calculated
    $0
    Hours/week
    2

  • ESTHER HALPREN

    VICE CHAIRPERSON

    Total calculated
    $0
    Hours/week
    2

  • MICHAEL J D'ELIA

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • ANITA WOOLERY

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • GLYNIS GRAY

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • MARGARET SAUNDERS

    HEAD START DIRECTOR

    Total calculated
    $0
    Hours/week
    10

  • BETH HUDSON

    CFO

    Total calculated
    $0
    Hours/week
    4

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
2022
Filed
9 November 2023
IRS schema version
2022v5.0
Source object
202333139349302533

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