Overview
What is Lawrence Partnership Inc?
Lawrence Partnership Inc is a collaborative entity based in Lawrence, Massachusetts, at 420 Common Street. The organization serves as a bridge between the private and public sectors, focusing on the economic development and overall improvement of Lawrence and surrounding cities. Their mission includes financing new and existing businesses, convening industry leaders, promoting the city through media and networks, connecting employers with talent, and envisioning a prosperous future for the community. By leveraging their extensive networks, Lawrence Partnership Inc also advocates for large-scale projects with transformative impact.
Official website here: www.lawrencepartnership.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 96% (Four-Star out of Four Stars)
Lawrence Partnership Inc has achieved an impressive Four-Star rating from Charity Navigator, indicating a strong commitment to accountability and finance. The organization scored 96% in its overall accountability metric, which is a reflection of its robust financial practices and transparent governance. The rating is significantly based on the organization's excellent performance in various financial and operational criteria, ensuring trust and reliability for donors and stakeholders.
Strengths of Lawrence Partnership Inc include a fully independent board and excellent oversight measures. The organization has a 100% independent board with a total of 30 members, demonstrating strong governance. Additionally, it has scored full points in areas such as material diversion of assets, internal policies, and financial health, including a low liabilities-to-assets ratio and a high program expense ratio, indicating effective use of funds for its mission.
While the financial health of the organization appears robust, the single beacon score does limit the insight into other potential aspects of the organization’s effectiveness, such as program impact or community feedback. However, the high accountability and finance score positions Lawrence Partnership Inc as a trustworthy choice for potential donors.
This AI summary has been generated from information found on Charity Navigator.
Is Lawrence Partnership Inc legitimate?
Lawrence Partnership Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Lawrence Partnership 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: $172,468
Professional Fundraising Fees: $0
Other Salaries and Wages: $116,452
For more financial information, click here
Official website here: www.lawrencepartnership.org
What is the mission statement of Lawrence Partnership Inc?
Lawrence Partnership Inc serves as a platform for collaboration between the private, public, and non-profit sectors, focusing on economic development and improvement in their community. They provide capital to support the growth of existing and new businesses, creating local job opportunities. By convening leaders from various sectors, they align strategies and share a common vision. Lawrence Partnership Inc acts as an advocate for their community, promoting positive stories and milestones through local and regional media and business networks. They also connect employers with talent and businesses with necessary resources, fostering growth. Additionally, they envision and share large dreams for their community's future, inspiring action. Through their vast networks, they advocate for large-scale projects that could have a transformational impact on their community.
Official website here: www.lawrencepartnership.org
Who is the CEO of Lawrence Partnership Inc?
Wendy Estrella is the Chair of Lawrence Partnership Inc.
Official website here: www.lawrencepartnership.org
What is the revenue of Lawrence Partnership Inc?
Lawrence Partnership Inc's revenue in 2022 was $1,097,470.
Official website here: www.lawrencepartnership.org
Who are the executives of Lawrence Partnership Inc and what are their salaries?
There 34 volunteers at Lawrence Partnership Inc.
Here are 36 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $59,928
- Related: $0
- Other: $934
- Compensation: $62,500
- Related: $0
- Other: $21,954
Official website here: www.lawrencepartnership.org
Where can I find the form 990 for Lawrence Partnership Inc?
Lawrence Partnership Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.lawrencepartnership.org
Learn more at the official website: www.lawrencepartnership.org
Mission Statement of Lawrence Partnership Inc
Lawrence Partnership Inc is a collaboration between the private, public, and non-profit sectors, dedicated to fostering economic development and improving the general well-being of their community. Their mission involves providing capital to both new and existing businesses, enabling them to grow and create local job opportunities. By offering a unique platform for leaders from various sectors, Lawrence Partnership Inc facilitates alignment of strategies and the sharing of a common vision.
As an advocate for their community, Lawrence Partnership Inc highlights positive stories and milestones through local and regional media and business networks. They also play a significant role in connecting employers with potential talent and businesses with necessary resources, helping them get off the ground and grow. The organization envisions large dreams for the future of their community, inspiring and motivating action. Furthermore, Lawrence Partnership Inc leverages their extensive networks to advocate for large-scale projects that have the potential for transformational impact.
Shop smarter and support your favorite cause with the Give Freely browser extension. Save money with coupons and donate to charity with a single click. Download now!
Impact
July, 2024
Lawrence Partnership Inc's impact is significant in driving economic development and general improvement in the city of Lawrence and surrounding areas. By providing financing and capital to new and existing businesses, the organization plays a crucial role in fostering local economic growth and creating job opportunities within the community. Additionally, through its unique platform that brings together leaders from the private, public, and nonprofit sectors, Lawrence Partnership Inc promotes collaboration and alignment of strategies to advance the overall development goals of the region.
The organization serves as an advocate for Lawrence, actively sharing positive stories and milestones to showcase the city's potential and attract investment. By connecting employers with talent and businesses with essential resources, Lawrence Partnership Inc facilitates the growth and success of local enterprises. Furthermore, through its visioning and advocacy efforts, the organization works towards realizing large-scale projects that have a transformative impact on the community.
Overall, Lawrence Partnership Inc's multidimensional approach to private and public sector collaboration for economic development is instrumental in driving positive change and enhancing the quality of life in Lawrence and its surrounding cities.
This information is meant to be a general summary of Lawrence Partnership 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 2022.
- Investment Income: $14,922
- Program Service Revenue: $44,256
- Gross Receipts: $1,097,470
Assets and Liabilities:
- Total Assets: $725,162
- Total Liabilities: $163,160
- Net Assets: $562,002
Want to help this charity, for free? You can click here to learn more about Give Freely
Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
PROGRAM FEES
Revenue
$44,256
Organization Details
Founding Year
2014
Phone
(978) 655-5824Principal Officer
Wendy Estrella
Main Address
420 COMMON STREET, LAWRENCE, MA, 01840
Website
www.lawrencepartnership.orgNTEE Category
Code: S30 - Community improvement
If you are a representative of Lawrence Partnership Inc and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.