Lawrence Ltd EIN 04-3475411

Lawrence Ltd FY2023 filing

EIN  04-3475411 Public charity (501(c)(3)) Brockton, MA Founded 1999
Form 990 (PDF)
You’re viewing the FY2023 filing — not the latest on file. See the latest (FY2024) →
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Size
$100K–1M
What they do
Manages Social Security benefits for individuals who need assistance.
Leadership
Lewis Lawrence · VP · $97K
Money in and out
$461K revenue, $459K expenses
Bottom line
63% program efficiency

Manages Social Security benefits for individuals who need assistance. For fiscal year 2023 it reported $461K in revenue, $459K in expenses, and $359K in net assets.Pt I

Where the money goes · FY2023
Total revenue
$461K
Pt VIII · Ln 12
Total expenses
$459K
Pt IX · Ln 25
Net assets
$359K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $2K
Where spending went · Part IX cols B–D
Program services $0.63 Management & general $0.37
Program efficiency
63%
of spending reaches programs
Operating runway
70.9mo
months of highly liquid reserves at operating expense rate
Surplus margin
0%
revenue over expenses, this year

Summary of the Filing

Part I · fiscal year 2023 · Form 990
Revenue
$461K
FY2023▲ +8%
Expenses
$459K
FY2023▲ +6%
Total assets
$2.7M
FY2023▲ +30%
Total liabilities
$2.4M
FY2023▲ +36%
Total revenue
$461K
Pt VIII · Ln 12
Total expenses
$459K
Pt IX · Ln 25
Net assets
$359K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$2K
Total assetsPt X · Ln 16$2.7M
Program-expense ratioPt IX · col B63%
Voting members of governing bodyPt I · Ln 32
Independent voting membersPt I · Ln 4pending
Mission & Programs · Part III

Where the work happens

1 program service account for $291K of program spending, described in the organization's own filed words · FY2022.
01

The company represents approximately 600 individuals who qualify for social security benefits but who need a representative payee as defined by the social security administration in order to receive those benefits.

$291Kprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CLawrence Ltd
EINHdr · item D04-3475411
Principal addressHdr · item CBrockton, MA
WebsiteHdr · item Jnone reported
Year of formationHdr · item L1999
State of legal domicileHdr · item MMA
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFHuman Services (P99)
Ruling yearIRS BMFOct 1999

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a2
Independent voting membersPt VI · Ln 1bpending
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13Yes
Document retention policyPt VI · Ln 14Yes
CEO/top-official compensation independently reviewedPt VI · Ln 15aYes
Family or business relationships among officers/directorsPt VI · Ln 2Yes

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation · most recent filed roster (FY2022); the FY2023 filing did not itemize Part VII
$96,600Pt VII · Sec A
$0Pt VII · Sec A

Compensation history total reportable pay by year · 1 named individual · Part VII

NameFY2024FY2024FY2023FY2022FY2021
Lewis Lawrence$97,300$95,900$96,600$81,950$79,850

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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Statement of Revenue

Part VIII
Program service revenue100%$461K
Investment income$1
Total revenueLn 12$461K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.63 Management & general $0.37
Program services63%$291K
Management & general37%$168K
Total functional expensesLn 25$459K

Balance Sheet

Part X · end of year
CashLn 1$2.7M
Total assetsLn 16$2.7M
Total liabilitiesLn 26$2.4M
Total net assetsLn 32$359K
Months of cash on handcomputed70.9

Financial Metrics

Form 990 · FY2023 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $2.7M · Operating expenses/yr $459K
70.9 months
Where the money goes
Program services
Program services $291K · Total expenses $459K
63%
Management & General
Management & general $168K · Total expenses $459K
37%
Fundraising
Fundraising $0 · Total expenses $459K
0%
Cost to raise $1
Fundraising expense (3-yr avg) $0 · Solicited contributions (3-yr avg) $0
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $0 · Total revenue $461K
0%
Government reliance
Government grants — · Total revenue $461K
Earned-income share
Program service revenue $461K · Total revenue $461K
100%
Investment reliance
Investment income $1 · Total revenue $461K
0%
Program self-sufficiency
Program service revenue $461K · Total expenses $459K
100%
Growth & trend
Revenue growth (YoY)
This year $461K · Prior year $428K
+8%
Net-asset trend (YoY)
End of year $359K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $461K · Expenses $459K
0%
Liabilities-to-Assets
Total liabilities — · Total assets $2.7M
Net-asset ratio
Net assets $359K · Total assets $2.7M
13%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $2.7M
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Lewis Lawrence · Reported title VP · Highest reported compensation $97K · Total expenses $459K
21%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $368K · Total expenses $459K
80%
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 63%
Overhead ratio 37%
Revenue growth 8%

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Grants

Schedule I · funders on record
Grants received · FY2023
Total grants receivedfrom 1 funder$1K

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2024$457K revenue · ⤓ 990 PDF
FY2023$461K revenue · viewing · ⤓ 990 PDF
FY2022$428K revenue · ⤓ 990 PDF
FY2021$443K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2023IRS
Classification, formation year, addressIRS Business Master File
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