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Nonprofiteer
← ED LUCAS FOUNDATION INC

Form 990 for tax year 2024

Filed by ED LUCAS FOUNDATION INC.

Totals

Total revenue
$177,596
Total expenses
$153,441
Contributions and grants received
$133,070
Grants paid
$141,000
Program service revenue
$0
Investment income
$2,497
Other revenue
$42,029
Total assets, end of year
$153,128
Total liabilities, end of year
$53,650
Net assets or fund balances, end of year
$99,478
Program services expenses (Part IX)
$141,000
Management and general expenses
$12,441
Fundraising expenses
$0
Program service expenses (Part III)
$141,000

Program services were 91.9% 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.

  • 1c · Fundraising events

    $126,070

  • 1f · All other contributions, gifts and grants

    $7,000

  • 3 · Investment income

    total $2,497 · excluded $2,497

  • 8a · Fundraising events: gross income

    $251,870

  • 8a · Fundraising events: contributions included on line 1c

    $126,070

  • 8b · Fundraising events: direct expenses

    $209,841

  • 8c · Net income from fundraising events

    total $42,029 · excluded $42,029

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $141,000 · program services $141,000

  • 11b · Fees: legal

    total $750 · management and general $750

  • 11c · Fees: accounting

    total $5,175 · management and general $5,175

  • 12 · Advertising and promotion

    total $100 · management and general $100

  • 24a · Other expenses: Bank & Credit Card Fees

    total $3,495 · management and general $3,495

  • 24b · Other expenses: Website

    total $2,172 · management and general $2,172

  • 24c · Other expenses: Telephone

    total $749 · management and general $749

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $187,852 · end of year $134,550

  • 4 · Accounts receivable

    beginning of year $2,900

  • 9 · Prepaid expenses and deferred charges

    beginning of year $7,412 · end of year $18,578

  • 19 · Deferred revenue

    beginning of year $120,000 · end of year $50,000

  • 22 · Loans and payables to officers and key people

    beginning of year $2,841 · end of year $3,650

  • 29 · Capital stock, trust principal or current funds

    beginning of year $0 · end of year $0

  • 30 · Paid-in or capital surplus, or land, building or equipment fund

    beginning of year $0 · end of year $0

  • 31 · Retained earnings, endowment or other funds

    beginning of year $75,323 · end of year $99,478

Mission and programs · 2024

Mission

To Raise Funds and Awareness for Organizations That Work With Blind and Visually Impaired Persons and Charities Benefiting Those With Other Disabilities

  • To help fund the cost of training dogs at The Seeing Eye.

    Expenses $30,000 · Grants $30,000

  • To purchase equipment for disabled veterans at The Independence Fund.

    Expenses $15,000 · Grants $15,000

  • To assist visually impaired or other disabled students at Seton Hall University.

    Expenses $20,000 · Grants $20,000

  • $15,000 Hudson County United Cerebral Palsy Foundation$15,000 Juvenile Diabetes Research Founation$10,000 David Cone Foundation$10,000 Macular Degeneration Research Foundation$7,500 Center for Disability Services$5,000 Leander Church of Christ - To Assist The Local Community$5,000 Pulmonary Fibrosis Foundation - To Assist In Research$5,000 Visions - To Help the Visually Impaired $2,500 BaseAble - To Assist Disabled Individuals $1,000 AJ 25 Foundation - To Empower Youth to a Brighter Future

    Expenses $76,000 · Grants $76,000

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

Listed in Part VII

  • Allison L Lucas

    President/Treasurer

    Total calculated
    $0
    Hours/week
    30

  • James Fiorentino

    Vice President

    Total calculated
    $0
    Hours/week
    5

  • Diane Thomas

    Secretary

    Total calculated
    $0
    Hours/week
    15

  • Timothy Courtney

    Trustee

    Total calculated
    $0
    Hours/week
    0

  • Robert A Russo

    Trustee

    Total calculated
    $0
    Hours/week
    5

  • Diane Tagliabue

    Trustee

    Total calculated
    $0
    Hours/week
    0

  • Adam Bulin

    Trustee

    Total calculated
    $0
    Hours/week
    5

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

Provenance

Return type
form_990
Tax year
2024
Filed
16 April 2025
IRS schema version
2024v5.1
Source object
202511069349301111

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