Overview
What is Lawrence Family Development Inc?
Lawrence Family Development Inc, doing business as Lawrence Prospera, is a nonprofit organization situated in Lawrence, Massachusetts. Their primary mission is to strengthen the individuals and families of the city by fostering thriving communities. They accomplish this through various programs and services. These include citizenship education, English as a Second Language (ESL) classes, empowering minority leadership, sustaining economic development opportunities, and promoting financial literacy. Lawrence Prospera's activities are primarily focused on bolstering local communities, offering life skills and career training for youth, adult education services, leased space for a public charter school, and providing assistance to underperforming school districts as a turnaround provider. This organization employs a team of 74 individuals, committed to improving the lives of Lawrence's residents.
Official website here: www.lawrenceprospera.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 81% (Three-Star out of Four Stars)
Lawrence Family Development Inc has received a Three-Star rating from Charity Navigator, indicating a solid performance in its accountability and financial practices. The charity's score is derived entirely from its Accountability & Finance metrics, showcasing a strong commitment to transparency and responsible management of funds.
The organization boasts a fully independent board of directors, with all members meeting independence criteria, which is a significant strength. Additionally, it has received full marks for its financial oversight and governance policies, including the presence of a whistleblower policy and a conflict of interest policy. The high program expense ratio (77.89%) reflects a strong focus on its mission-driven activities rather than administrative costs.
While the charity demonstrates robust accountability measures, there are no notable limitations mentioned in the data. Overall, Lawrence Family Development Inc appears to be a trustworthy organization that effectively manages its resources to support its programs.
This AI summary has been generated from information found on Charity Navigator.
Is Lawrence Family Development Inc legitimate?
Lawrence Family Development Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Lawrence Family Development Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $2,831,859
For more financial information, click here
Official website here: www.lawrenceprospera.org
What is the mission statement of Lawrence Family Development Inc?
Lawrence Family Development Inc is dedicated to enhancing the well-being of individuals and families by fostering thriving communities. Their mission involves providing life skills and career training for youth, offering adult education services, leasing space, and acting as a turnaround provider for underperforming school districts. Additionally, they offer a variety of classes and services focused on citizen education, English as a second language, minority leadership, sustaining economic development opportunities, and financial literacy, addressing crucial issues for families in the city.
Official website here: www.lawrenceprospera.org
Who is the CEO of Lawrence Family Development Inc?
John Housianitis is the President of Lawrence Family Development Inc.
Official website here: www.lawrenceprospera.org
What is the revenue of Lawrence Family Development Inc?
Lawrence Family Development Inc's revenue in 2023 was $6,677,985.
Official website here: www.lawrenceprospera.org
Who are the executives of Lawrence Family Development Inc and what are their salaries?
The average compensation at Lawrence Family Development Inc during 2023 was $38,268. There are 74 employees and 13 volunteers at Lawrence Family Development Inc.
Here are 16 key members and their salaries:
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- Compensation: $101,056
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- Other: $23,713
Official website here: www.lawrenceprospera.org
Where can I find the form 990 for Lawrence Family Development Inc?
Lawrence Family Development Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.lawrenceprospera.org
Learn more at the official website: www.lawrenceprospera.org
Mission Statement of Lawrence Family Development Inc
Lawrence Family Development Inc, with a commitment to enhancing the lives of individuals and families in its community, aims to foster thriving neighborhoods. The organization achieves this mission by offering a multitude of opportunities for youth, providing life skills training and career development, as well as adult education services. Furthermore, Lawrence Family Development Inc leases space and offers business management support to a public charter school and serves as a turnaround provider for underperforming school districts.
In their adult programming, Lawrence Family Development Inc addresses a variety of issues that are crucial to families in the city. They offer classes and services focused on citizenship education, English as a Second Language (ESL), minority leadership, sustaining economic development opportunities, and financial literacy. By addressing these key areas, Lawrence Family Development Inc works towards empowering individuals and families, ultimately contributing to the development of thriving communities.
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Impact
July, 2024
Lawrence Family Development Inc, operating as Lawrence Prospera, is making a significant impact on the individuals and families of Lawrence, MA. Through their commitment to strengthening the community, they provide a range of services focused on adult programming, including citizenship education, English as a second language (ESL), minority leadership, sustaining economic development opportunities, and financial literacy. By addressing important issues and offering life skills and career training to opportunity youth, Lawrence Prospera is actively contributing to the development of thriving neighborhoods in Lawrence. Their efforts in providing adult education services, managing leased space for a public charter school, and working as a turnaround provider for underperforming school districts are pivotal in shaping a brighter future for the city and its residents.
This information is meant to be a general summary of Lawrence Family Development Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2023.
- Investment Income: $25,633
- Program Service Revenue: $2,562,082
- Gross Receipts: $7,169,213
Assets and Liabilities:
- Total Assets: $8,174,586
- Total Liabilities: $5,740,507
- Net Assets: $2,434,079
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
PROGRAM FEES
Revenue
$1,521,190
MANAGEMENT FEES/REIMBURSEMENT
Revenue
$1,040,892
Organization Details
Founding Year
1992
Phone
(978) 224-8808Principal Officer
John Housianitis
Main Address
355 HAVERHILL STREET, LAWRENCE, MA, 01840
Website
www.lawrenceprospera.orgNTEE Category
Code: P400 - Human services
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