Overview
What is Lawrence Ltd?
Lawrence Ltd is a nonprofit organization situated in Brockton, Massachusetts, with a small team of five employees. Their primary mission is to act as a Representative Payee, as defined by the Social Security Administration, for approximately 600 individuals who qualify for Social Security benefits but require assistance in managing their funds. This role ensures that these individuals receive their benefits effectively and responsibly. The organization's activities are centered around this mission, providing essential financial management services to those in need.
Is Lawrence Ltd legitimate?
Lawrence Ltd is a legitimate nonprofit organization registered as a 501(c)(3) entity. Lawrence Ltd 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: $95,900
Professional Fundraising Fees: $0
Other Salaries and Wages: $246,575
For more financial information, click here
What is the mission statement of Lawrence Ltd?
Lawrence Ltd serves as a Representative Payee, as defined by the Social Security Administration, for approximately 600 individuals who meet the criteria for receiving Social Security benefits. This role involves managing and distributing these benefits on behalf of the beneficiaries, ensuring their financial needs are met in a responsible manner. The company's mission is aligned with this role, aiming to provide financial support and oversight for individuals who require a Representative Payee due to specific circumstances. By assuming this responsibility, Lawrence Ltd helps ensure that these individuals continue to receive their entitled benefits, thereby contributing to their financial stability and well-being.
What is the revenue of Lawrence Ltd?
Lawrence Ltd's revenue in 2024 was $457,119.
Who are the executives of Lawrence Ltd and what are their salaries?
The average compensation at Lawrence Ltd during 2024 was $68,495. There are 5 employees at Lawrence Ltd.
Here are 2 key members and their salaries:
- Compensation: $95,900
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Lawrence Ltd?
Lawrence Ltd's most recent form 990 was submitted in 2024 and can be accessed here.
Mission Statement of Lawrence Ltd
Lawrence Ltd, as a representative payee as defined by the Social Security Administration, plays a crucial role in the lives of approximately 600 individuals who qualify for Social Security benefits. This role involves managing these individuals' benefits on their behalf, ensuring that they receive the financial assistance they are entitled to. The mission of Lawrence Ltd is deeply rooted in its duty to act as a trustworthy and responsible intermediary, ensuring that the financial well-being of these beneficiaries is maintained and their needs are met. The company's mission is a vital service, enabling individuals who require additional support to continue living with dignity and independence.
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Impact
October, 2024
Lawrence Ltd plays a crucial role in supporting individuals who rely on Social Security benefits by serving as their representative payee. With a focus on approximately 600 individuals in Brockton, MA, the organization ensures that vulnerable members of the community receive their benefits effectively and responsibly. By acting as a trusted intermediary, Lawrence Ltd not only helps these individuals access the funds they are entitled to but also manages their financial affairs in a way that promotes stability and security.
The impact of Lawrence Ltd extends beyond mere financial management; it empowers individuals who may face challenges in handling their own benefits due to various circumstances. This support fosters a sense of dignity and independence, allowing beneficiaries to focus on their wellbeing and daily lives. By bridging the gap between Social Security Administration regulations and the needs of these individuals, Lawrence Ltd enhances their quality of life and contributes to the overall health of the community.
This information is meant to be a general summary of Lawrence Ltd. 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 2024.
- Investment Income: $1
- Program Service Revenue: $449,989
- Gross Receipts: $457,119
Assets and Liabilities:
- Total Assets: $2,082,883
- Total Liabilities: $1,725,891
- Net Assets: $356,992
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
PROGRAM FEES
Revenue
$449,989
Organization Details
Founding Year
1999
Principal Officer
Lewis Lawrence
NTEE Category
Code: P99 - Human services
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