Licensing Executives Society L E S Foundation Inc in Mount Laurel, New Jersey (NJ)

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Licensing Executives Society L E S Foundation Inc
Employer Identification Number (EIN)542016338
Name of OrganizationLicensing Executives Society L E S Foundation Inc
In Care of NameKenneth Schoppman
Address1120 Route 73 Ste 200, Mount Laurel, NJ 08054-5113
SubsectionCharitable Organization
Ruling Date07/2001
DeductibilityContributions are deductible
FoundationOrganizations operated solely for the benefit of and in conjunction with organizations described in 10 through 16 above
OrganizationCorporation
Exempt Organization StatusUnconditional Exemption
Tax Period12/2013
Assets$100,000 to $499,999
Income$100,000 to $499,999
Filing Requirement990 (all other) or 990EZ return
Asset Amount$139,080
Amount of Income$104,337
Form 990 Revenue Amount$104,337
National Taxonomy of Exempt Entities (NTEE)Educational Institutions and Related Activities: Professional Societies, Associations


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Amount of income in 2013: $104,337 (it was $53,855 in 2012)
Licensing Executives Society L E S Foundation Inc: 

 $104,337
Other organizations performing similar types of work: 

 $66,372

Assets in 2013: $139,080 (it was $117,593 in 2012)
This organization: 

 $139,080
Other organizations performing similar types of work: 

 $50,683

Expenses in 2012: $103,412
Licensing Executives Society L E S Foundation Inc: 

 $103,412
Other organizations performing similar types of work: 

 $63,779

Income to expenses ratio in 2012: 1.0
Licensing Executives Society L E S Foundation Inc: 

 1.0
Other organizations performing similar types of work: 

 1.2

Grants share in income in 2012: 98.1%
Licensing Executives Society L E S Foundation Inc: 

 98.1%
Other organizations performing similar types of work: 

 1.7%

Financial snapshot ($)

Revenue for 2012

Revenue, Expenses, and Changes in Net Assets or Fund Balances (for 2012)
Total revenue$53,855
Contributions, gifts, grants, and similar amounts received$52,846
Program service revenue including government fees and contracts$1,000
Membership dues and assessments$0
Investment income$9
Gain from sale of assets other than inventory$0
Net income from gaming and fundraising events$0
Gross profit from sales of inventory$0
Other revenue$0
Total expenses$103,412
Total net assets$52,342
Deficit for the year$-49,557
Net assets or fund balances at beginning of year$101,896
Other changes in net assets or fund balances$3
Balance Sheets (for 2012)
Total assets$117,593
Total liabilities$65,251
Net assets or fund balances$52,342
Other Information (for 2012)
Did the organization have unrelated business gross income of $1,000 or more during the year from business activitiesNo
Initiation fees and capital contributions$0
Gross receipts for public use of club facilities$0
Reason for Public Charity Status (for 2012)
The organization is not a private foundation because it is:An organization organized and operated exclusively for the benefit of, to perform the functions of, or to carry out the purposes of one or more publicly supported organizations described in section 509(a)(1) or section 509(a)(2)
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Number of organizations performing similar types of work
Alaska14
Alabama18
Arkansas13
Arizona20
California204
Colorado43
Connecticut28
District of Columbia29
Delaware5
Florida474
Georgia60
Hawaii13
Iowa18
Idaho13
Illinois107
Indiana35
Kansas19
Kentucky24
Louisiana24
Massachusetts64
Maryland48
Maine19
Michigan61
Minnesota55
Missouri31
Mississippi7
Montana16
North Carolina48
North Dakota3
Nebraska12
New Hampshire10
New Jersey50
New Mexico12
Nevada16
New York102
Ohio67
Oklahoma18
Oregon31
Pennsylvania70
Rhode Island10
South Carolina33
South Dakota6
Tennessee27
Texas134
Utah26
Virginia148
Vermont10
Washington63
Wisconsin29
West Virginia12
Wyoming9
International5
Total2,413

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