Nonprofit · EIN 04-3164996
LEXINGTON EDUCATION FOUNDATION
Tax-exempt · LEXINGTON, MA 02420
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2024 | 990 | $329,337 | $249,015 | $80,322 | $2,986,720 | $21,380 | $2,965,340 |
| June 30, 2023 | 990 | $271,230 | $231,505 | $39,725 | $2,762,466 | $135,846 | $2,626,620 |
Financial details: 990 for the year ended June 30, 2024
Revenue
- Contributions, gifts and grants
- $144,988
- Program service revenue
- $0
- Investment income
- $101,142
- Net income from fundraising events
- $83,207
- Other revenue
- $83,207
Expenses
- Grants and similar amounts paid
- $174,492
- Other salaries and wages
- $14,806
- Salaries, compensation and benefits (total)
- $16,169
- Professional fundraising fees
- $0
- Accounting fees
- $6,939
- Occupancy
- $9,300
- Program services (functional)
- $174,492
- Management and general (functional)
- $45,203
- Fundraising (functional)
- $29,320
Balance sheet and other
- Total assets, start of year
- $2,762,466
- Total assets, end of year
- $2,986,720
- Total liabilities, end of year
- $21,380
- Net assets, end of year
- $2,965,340
- Publicly traded securities
- $637,867
- Net assets without donor restrictions
- $2,955,340
- Net assets with donor restrictions
- $10,000
- Gross receipts
- $516,337
- Employees
- 2
- Volunteers
- 50
- Year formed
- 1991
- State of legal domicile
- MA
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended June 30, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Shalini Agrawal | Director Trustee or director | – | $0 |
| Gina Capone | Director Trustee or director | 4 | $0 |
| Keri Caron | Director Trustee or director | 4 | $0 |
| Sarah Carter | Director Trustee or director | 4 | $0 |
| Nicole Coelho | Co- President Trustee or director, Officer | 12 | $0 |
| Carolyn Coppe Peacock | Past-President Trustee or director | 4 | $0 |
| Jacqueline Goohs | Director Trustee or director | 4 | $0 |
| Karen Griffiths | Director Trustee or director | 4 | $0 |
| Meghana Khanolkar | Co-Treasurer Trustee or director, Officer | 8 | $0 |
| Audra Myerberg | Director Trustee or director | 4 | $0 |
| Alyson Nickse | Co- President Trustee or director, Officer | 12 | $0 |
| Jen Oriel | Director Trustee or director | 4 | $0 |
| Tariq Qureshi | Director Trustee or director | 4 | $0 |
| Fernanda Raduan | Director Trustee or director | 4 | $0 |
| Will Scarbrough | Director Trustee or director | 4 | $0 |
7 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Timothy Schmidt | Director Trustee or director | 4 | $0 |
| Rebecca Smerling | Director Trustee or director | 4 | $0 |
| Ariel Sroka | Director Trustee or director | 4 | $0 |
| Meg Taves | Secretary Trustee or director, Officer | 8 | $0 |
| Julia Weng | Co-Treasurer Trustee or director, Officer | 8 | $0 |
| Shana York | Director Trustee or director | 4 | $0 |
| Karen Zhao | Director Trustee or director | 4 | $0 |
990 for the year ended June 30, 2023: 23 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Gina Capone | Director Trustee or director | 4 | $0 |
| Keri Caron | Director Trustee or director | 4 | $0 |
| Sarah Carter | Director Trustee or director | 4 | $0 |
| Nicole Coelho | Co- President Trustee or director, Officer | 12 | $0 |
| Carolyn Coppe Peacock | Co-President Trustee or director, Officer | 12 | $0 |
| Kate Criniti | Director Trustee or director | 4 | $0 |
| Tiffany Crooker | Director Trustee or director | 4 | $0 |
| Audra Myerberg | Director Trustee or director | 4 | $0 |
| Alyson Nickse | Secretary Trustee or director, Officer | 8 | $0 |
| Fernanda Raduan | Director Trustee or director | 4 | $0 |
| Amy Ryan | Director Trustee or director | 4 | $0 |
| Amy Sarcia | Director Trustee or director | 4 | $0 |
| Will Scarbrough | Director Trustee or director | 4 | $0 |
| Timothy Schmidt | Director Trustee or director | 4 | $0 |
| Arlene Silva | Director Trustee or director | 4 | $0 |
| Rebecca Smerling | Director Trustee or director | 4 | $0 |
| Risa Sparks | Director Trustee or director | 4 | $0 |
| Ariel Sroka | Director Trustee or director | 4 | $0 |
| Liu Tzu | Director Trustee or director | 4 | $0 |
| Julia Weng | Co-Treasurer Trustee or director, Officer | 8 | $0 |
| Ting Xu | Co-Treasurer Trustee or director, Officer | 8 | $0 |
| Shana York | Director Trustee or director | 4 | $0 |
| Karen Zhao | Director Trustee or director | 4 | $0 |
Address and contacts
- Address (IRS master file)
- 9 MERIAM ST STE 5, LEXINGTON, MA 02420-5312
- Principal officer (990 for 2023)
- Meghana Khanolkar, 9 Meriam St Suite 5, Lexington, MA 024205300
- Signed the 990
- Meghana Khanolkar, Treasurer
- Phone
- (781) 372-3288
- Website
- www.lexedfoundation.org
- Return prepared by
- Joseph T Twardy Jr CPA LLC
Mission
Lexington Education Foundation is an independent 501(c)(3) charitable organization dedicated to funding teacher-initiated grants that sustain the excellence of the Lexington Public School System, with a focus on cutting-edge technology and curriculum innovations.
Program accomplishments
- LEF Program Grants fund dynamic classroom and curriculum projects, as well as professional development opportunities for educators. Program Grants are available to teachers, staff, administrators and community members. The grant application process requires each applicant to detail how grant activities are expected to benefit the students of Lexington. Grants have been awarded to all grade levels and in all disciplines, including the arts, sciences, literacy, physical education, teacher mentoring, and social competency. The goal of LEF Program Grants is to enhance the learning of students and teachers.Expenses $90,448
- FellowshipsExpenses $40,807
- Rapid Response GrantExpenses $11,333
- School Community Grant $31,733 Other Educational Support 171 ------- Subtotal $31,904Expenses $31,904
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in June, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | June 30, 2026 | November 16, 2026 | Not due yet |
| 2024 | June 30, 2025 | November 17, 2025 | Not on file |
| 2023 | June 30, 2024 | November 15, 2024 | 990 on file |
IRS record
- EIN
- 04-3164996
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 1993
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $2,986,720
- Income (IRS master file)
- $516,337
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2024 | $329,337 | $249,015 | $2,986,720 | XML |
| 990 | June 2023 | $271,230 | $231,505 | $2,762,466 | XML |
| 990 | June 2022 | $370,050 | $320,719 | $2,570,680 | IRS |
| 990 | June 2021 | – | – | – | IRS |
| 990 | June 2020 | – | – | – | IRS |
| 990 | June 2019 | – | – | – | IRS |
| 990 | June 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 04-3164996).
Questions about LEXINGTON EDUCATION FOUNDATION
- What is the EIN of LEXINGTON EDUCATION FOUNDATION?
- The employer identification number (EIN) of LEXINGTON EDUCATION FOUNDATION is 04-3164996.
- Is LEXINGTON EDUCATION FOUNDATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1993.
- Are donations to LEXINGTON EDUCATION FOUNDATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does LEXINGTON EDUCATION FOUNDATION file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of LEXINGTON EDUCATION FOUNDATION due?
- The return for tax year 2025 (the year ending June 30, 2026) is due November 16, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did LEXINGTON EDUCATION FOUNDATION last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended June 2024.
- Who is the principal officer of LEXINGTON EDUCATION FOUNDATION?
- The 990 for the year ended June 30, 2024 names Meghana Khanolkar.
- Who are the officers and directors of LEXINGTON EDUCATION FOUNDATION?
- The 990 for the year ended June 30, 2024 lists 22 people; 0 received compensation from the organization.
- How much revenue does LEXINGTON EDUCATION FOUNDATION have?
- On its 990 for the year ended June 30, 2024 it reported revenue of $329,337, expenses of $249,015 and total assets of $2,986,720 at year end.
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