Laurelmead Employee Education Fund Aka Leef

Nonprofit profile at a glance

EIN
260584569
IRS 990-EZ coverage
2020–2025
Forms available
Form 990-EZ 2025, Form 990-N 2019
Location
Providence, RI, USA
Phone
4012739550
Rating
91
Verdict
STRONG
Rating confidence
Moderate
Sector
Scholarships, Student Financial Aid Services, Awards

Reported finances

Revenue
$68,195
Expenses
$55,653
Assets
$136,644
Liabilities
$0

Source: IRS Form 990-EZ. Selected filing: tax year 2025. Amounts in USD.

Leadership & pay

9 people listed

Executive titles in this filing

  • MAURINE TOBIN (PRESIDENT)
  • ARLINE COOKINGHAM (VICE PRESIDENT)

People named in this filing

  • ARRIA BILODEAU (DIRECTOR)
  • ANTHONY STAPLETON (DIRECTOR)
  • JOY TWELVES (DIRECTOR)

Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.

Source: IRS Form 990-EZ. Selected filing: tax year 2025. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

The activities include raising funds by soliciting contributions from residents at laurelmead cooperative, inc. (laurelmead), and in the vicinity of laurelmead. Applications for scholarships or grants are invited from employees of laurelmead and their children. A selection committee consisting of at least three persons appointed by the leef directors then evaluate the applications and makes the scholarships grants to the applicants it finds best qualified from funds made available for that purpose. Members of the selection committee must be independent of laurelmead and leef, have knowledge and/or experience in the education field, and be guided only by objective criteria. Grants may not be made to benefit laurelmead, such as for recruitment of new employees, retention of existing employees or to compensate or reward employees. Activities are conducted at laurelmead and its vicinity and there may be periodic fund drives and application periods designated in each calendar year.

What it reported doing in 2025

The fund provides scholarships to assist employees of laurelmead cooperative, inc. And/or their children in pursuit of education (including continuing education) whether it be technical or academic.

Operating model

Revenue model
Donor-supported. 81% of the money available for current operations came from contributions and gifts.
Distribution model
Grant intermediary. The nonprofit sent 100% of its reported program spending out as grants.

The verdict

STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Reported officer compensation is a large share of total spending, which may reflect staffing concentration.

Rating breakdown

  • Financial Efficiency: 85
  • Transparency & Controls: 100
  • Sustainability: 68
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 78.7%; rating input score 79
  • Program expense ratio: 95.2%; rating input score 95

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 51st percentile among comparable filings
  • Major donor itemization: Yes; rating input score 100

Sustainability

  • Operating margin: 18.4%; rating input score 70; 70th percentile among comparable filings
  • Total-asset coverage ratio: 2.46; rating input score 70; 70th percentile among comparable filings
  • Liabilities to assets ratio: 0; rating input score 66; 66th percentile among comparable filings
  • Officer compensation ratio: 0%; rating input score 56; 56th percentile among comparable filings

Growth

  • Program expense growth: 25.7% per year; rating input score 100; 85th percentile among comparable filings
  • Revenue growth: 5.5% per year; rating input score 100; 71st percentile among comparable filings
  • Asset growth: 3.4% per year; rating input score 100; 51st percentile among comparable filings

Details

  • Where the money goes: 78.7% of revenue deployed · 95.2% of spending went to programs
  • Governance: Filed governance answers
  • Accomplishments: 1 filed program accomplishment · $53K in reported program spending
  • Leadership: top reported pay $0 · 9 people listed
  • Consistency: 9 of 9 current checks pass
  • Schedules: 3 filed schedules
  • Filing history: 6 filing years from 2020 to 2025
  • Contacts: How to reach this organization
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • Review — Sustainability: Officer compensation ratio scored 56/100.