Lawrence Township Education Foundation

Nonprofit profile at a glance

EIN
223192024
IRS 990 coverage
2010–2024
Forms available
Form 990 2024
Location
Lawrenceville, NJ, USA
Phone
6093101831
Rating
81
Verdict
STRONG
Rating confidence
Moderate
Sector
Public Foundations

Official website

Reported finances

Revenue
$166,826
Expenses
$160,938
Assets
$424,963
Liabilities
$0

Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

14 people listed

Executive titles in this filing

  • CHARLES SNELLINGS (PRESIDENT)
  • BONNE GIGLIO (EXECUTIVE DIRECTOR)

Highest reported compensation

  • BONNE GIGLIO (EXECUTIVE DIRECTOR): $43,346 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

Fostering educational excellence creativity and achievement in the lawrence township public schools.

What it reported doing in 2024

In the 2024-2025 school year ltef awarded grants totaling more than $80,000 for approximately 50 innovative programs and projects to enhance the quality of teaching and learning in the lawrence township public school district. All elementary schools will receive the mindful moments movements and songs a rockin' yoga assemblies that combines mindfulness with music and movement to engage calm and unite students while getting them moving. In addition all elementary schools and lawrence intermediate school (lis) will get climate change corners to house books on climate change. Eldridge park school will be adding a gaga pit and permanent adjustable basketball hoop. Multiple litebrites will be provided to k & 1st grader classes lis will see the creation of murals in all bathrooms at lis by the social justice club and art department targeted language and literacy support for esl students and two sets of tchoukball. All four elementary schools will benefit from one grant that will equip a photography and audio production classroom and multiple schools will see the addition of flexible seating options. The high school will receive vernier labquest devices for all science classes and a new wenger conductor's podium that will improve all musical performances and practices.

Operating model

Revenue model
Donor-supported. 98% of the money available for current operations came from contributions and gifts.
Distribution model
Grant intermediary. The nonprofit sent 64% of its reported program spending out as grants.
  • Includes noncash contributions: Reported contributions include donated property or goods.

The verdict

STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Some filing-based governance responses are negative or unanswered and program spending has declined or grown slowly.

Rating breakdown

  • Financial Efficiency: 79
  • Transparency & Controls: 94
  • Accountability: 90
  • Sustainability: 52
  • Growth: 20

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 79.9%; rating input score 80
  • Program expense ratio: 83.3%; rating input score 83
  • Fundraising efficiency: $19.97 raised per $1 spent on fundraising; rating input score 58; 58th percentile among comparable filings

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 64th percentile among comparable filings
  • Pay-setting controls: Limited
  • Foreign activity oversight: Limited
  • Grant itemization coverage: 100%; rating input score 100; 80th percentile among comparable filings
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
  • Governance controls: 6 of 8 controls in place; rating input score 75
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • CEO compensation review process: Pass
    • Other executive compensation review process: NotApplicable
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Fail
    • Independent financial-statement audit: Fail

Sustainability

  • Operating margin: 3.5%; rating input score 47; 47th percentile among comparable filings
  • Total-asset coverage ratio: 2.64; rating input score 66; 66th percentile among comparable filings
  • Liabilities to assets ratio: 0; rating input score 80; 80th percentile among comparable filings
  • Officer compensation ratio: 26.9%; rating input score 13; 13th percentile among comparable filings

Growth

  • Program expense growth: -4.5% per year; rating input score 0; 18th percentile among comparable filings
  • Revenue growth: -1.9% per year; rating input score 0; 17th percentile among comparable filings
  • Asset growth: 1.3% per year; rating input score 100; 30th percentile among comparable filings

Details

  • Where the money goes: 79.9% of revenue deployed · 83.3% of spending went to programs
  • Governance: 13 of 13 board members independent · 6 of 8 filing controls reported
  • Programs: 1 filed program accomplishment · $134K in reported program spending
  • Leadership: top reported pay $43K · 14 people listed
  • Consistency: 22 of 22 current checks pass
  • Schedules: 6 filed schedules · includes major donors and grants
  • Filing history: 14 filing years from 2010 to 2024
  • Contacts: How to reach this organization
  • Money network: 2 filed money-flow records
  • Related organizations: 1 filed related-organization link
  • 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 — Accountability: Governance controls: 2 of 8 not reported.
  • High — Growth: Program expense growth scored 0/100.
  • High — Growth: Revenue growth scored 0/100.
  • Review — Financial Efficiency: Fundraising efficiency scored 58/100.
  • Moderate — Sustainability: Operating margin scored 47/100.
  • High — Sustainability: Officer compensation ratio scored 13/100.