2024-07-09T07:01:55-05:00 2023-09-30 872525370 CITRIN COOPERMAN ADVISORS LLC 30 BRAINTREE HL OFFICE PARK STE 300 BRAINTREE MA 02184 990 2022-10-01 042378885 LEO INC LEOI 7815817220 PO BOX 711 LYNN MA 01903 KARA MURPHY CHIEF FINANCIAL OFFICER 7815817220 2024-07-08 1 KARA MURPHY 999009999 0 AMANDA ADAMS P00748038 7813562000 2024-07-08 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z KARA MURPHY PO BOX 711 LYNN MA 01903 16106527 0 X WWW.LEOINC.ORG X 1965 MA LEO INC. WORKS TO ALLEVIATE THE IMMEDIATE IMPACT OF POVERTY AND TO PROVIDE PATHWAYS TO FINANCIAL STABILITY FOR INDIVIDUALS AND FAMILIES, AS WELL AS STRENGTHEN THE GREATER COMMUNITY OF LYNN AND ITS SURROUNDING TOWNS. 12 12 142 216 0 0 18104369 15928014 8470 71679 3574 -885752 151351 21527 18267764 15135468 5987976 4511554 0 0 7453035 7558739 0 19598 85347 1719341 1821156 15160352 13911047 3107412 1224421 14326514 16653765 1740517 2881873 12585997 13771892 LEO INC.'S MISSION IS TO STRENGTHEN THE GREATER LYNN COMMUNITY THROUGH RESOURCES AND SERVICES THAT PROVIDE OPPORTUNITIES FOR CHILDREN, FAMILIES AND INDIVIDUALS TO THRIVE. 0 0 6264264 217 71679 EARLY CHILDHOOD DEVELOPMENT SERVICES INCLUDE HEAD START (AGES 3-5) AT THREE PRESCHOOL SITES IN LYNN, MA AND EARLY HEAD START (AGES 6 WEEKS-3 YEARS) AT ONE ADDITIONAL SITE IN LYNN. EARLY HEAD START INCLUDES A HOME-BASED COMPONENT AND ALSO SERVES WOMEN WHO ARE PREGNANT, UP TO AND BEYOND DELIVERY. IN THE PAST YEAR, LEO HAD 413 CHILDREN ENROLLED IN ITS PROGRAMS, WHICH ARE BASED ON A COMPREHENSIVE SCHOOL READINESS CURRICULUM, NUTRITIONAL AND WELLNESS GOALS, HEALTH ASSESSMENTS, AND BEHAVIORAL AND MENTAL HEALTH SUPPORT. 4728347 4240760 LEO INC. PROVIDES FUEL ASSISTANCE THROUGH THE MASSACHUSETTS LOW INCOME HOUSING ENERGY ASSISTANCE PROGRAM (LIHEAP), WHICH PROTECTS ELIGIBLE LOW-INCOME HOUSEHOLDS FROM THE HIGH COST OF HOME HEATING. ELIGIBILITY AND BENEFITS ARE BASED ON FAMILY SIZE AND INCOME. ANNUALLY, LEO SERVES APPROXIMATELY 3,000 HOUSEHOLDS AND 7,000 INDIVIDUALS. THE MAJORITY OF HOUSEHOLDS SERVED INCLUDE A CHILD UNDER THE AGE OF 5, A RESIDENT AGE 60 OR OLDER, OR AN INDIVIDUAL WITH DISABILITIES. 1117360 270577 COMMUNITY SERVICE PROGRAM - SERVICES TO STABILIZE INDIVIDUALS FACING FINANCIAL EMERGENCIES AS A RESULT OF POVERTY. 12109971 1 1 0 1 0 0 0 0 0 0 1 0 0 0 1 1 1 0 0 0 0 0 0 1 1 0 0 0 1 1 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 48 0 1 142 1 0 0 0 0 0 1 1 0 0 0 0 0 0 X 12 12 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 MA X KARA MURPHY 7815817220 PO BOX 711 LYNN MA 01903 JAMES HIGGS PRESIDENT 0.50 X X 0 0 0 JAMES LOW TREASURER 0.50 X X 0 0 0 KIMBERLY ROWE-CUMMINGS CLERK 0.50 X X 0 0 0 POSAN UNG VICE PRESIDENT 0.50 X X 0 0 0 CHRIS BENDICKSEN ASST CLERK 0.50 X X 0 0 0 DIANE PEREZ DIRECTOR 0.50 X 0 0 0 JACQUELINE GALLO DIRECTOR 0.50 X 0 0 0 JANE LAVIOE DIRECTOR 0.50 X 0 0 0 JOYCE M REEN DIRECTOR 0.50 X 0 0 0 ADRIANA MOSCHELLA DIRECTOR 0.50 X 0 0 0 PAOLA COLUNGA DIRECTOR 0.50 X 0 0 0 EDDIE GOMEZ DIRECTOR 0.50 X 0 0 0 HELINA FONTES DIRECTOR 0.50 X 0 0 0 BIRGITTA S DAMON CHIEF EXECUTIVE OFFICER 40.00 X 168144 0 43968 KARA MURPHY CHIEF FINANCIAL OFFICER 40.00 X 139359 0 22770 BRIDGET G BERTRAND PROGRAM DIRECTOR 40.00 X 127265 0 14325 LILIAN ROMERO CHIEF PROGRAM OFFICER 40.00 X 122058 0 29722 LISA MCFADDEN DEVELOPMENT DIRECTOR 40.00 X 111181 0 21801 JENNIFER L MAUCHE DIRECTOR OF HR 40.00 X 112760 0 35866 MARILYN PERRY DIRECTOR OF NUTRITION & HEALTH 40.00 X 103705 0 15530 884472 0 183982 7 0 1 0 SV DESIGN LLC 126 DODGE ST BEVERLY MA 01915 ARCHITECTURAL DESIGN 372323 1 24900 14444800 1458314 88491 15928014 FOOD SERVICE 624100 44348 44348 PARENT FEES 624100 16831 16831 FISCAL AGENT FEES 561000 10500 10500 71679 70771 70771 21368 0 21368 21368 21368 10500 967023 -956523 -956523 -956523 4195 24900 4036 159 159 15135468 71679 0 -864225 4511554 4511554 378272 378272 5662822 4970189 692633 225814 208738 17076 731732 651119 80613 560099 475012 85087 47443 47443 8000 8000 19598 19598 151931 86224 49707 16000 83484 82984 500 321829 203079 113918 4832 506222 384562 121660 68450 53815 10319 4316 100208 88964 11244 175746 133882 41864 61062 7886 53176 FOOD 168508 167586 306 616 PROGRAM SUPPLIES 59922 59922 0 DUES AND FEES 34659 23458 11091 110 CAPITAL PROJECT EXPENSE 31875 31875 1817 997 820 13911047 12109971 1715729 85347 5201697 7258514 2717032 1346722 799433 1302796 186973 160607 8336272 2158284 5421379 6177988 0 407138 14326514 16653765 976918 1513450 763599 947313 0 421110 1740517 2881873 X 8120805 8271911 4465192 5499981 12585997 13771892 14326514 16653765 X 1224421 -38526 X 0 1 X 1 1 1 X 11875094 11993544 12502187 18104369 15928014 70403208 11875094 11993544 12502187 18104369 15928014 70403208 70403208 45643 130315 110988 99473 92139 478558 113638 159 113797 70995563 493723 0.99170 0.98670 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 0 0 0 0 1 8000 0 0 8000 0 PART II-B, LINE 1: LEO HAS ENGAGED A LOBBYING FIRM TO PROVIDE STRATEGIC CONSULTING, ADVOCACY, AND LOBBYING SERVICES. THESE SERVICES AIM TO EDUCATE LEGISLATORS AND GOVERNMENT OFFICIALS ABOUT THE IMPACT OF LEO'S EARLY CHILDHOOD EDUCATION PROGRAMS AND PROJECTS. 1242611 1242611 4254219 1988358 2265861 370578 169926 200652 2468864 2468864 6177988 OPERATING LEASE LIABILITIES 421110 421110 X 16096027 0 16096027 -960559 -960559 15135468 14910132 999085 999085 13911047 0 13911047 PART X, LINE 2: THE AGENCY ACCOUNTS FOR UNCERTAIN TAX POSITIONS IN ACCORDANCE WITH FASB ASC TOPIC INCOME TAXES. THIS TOPIC PRESCRIBES A RECOGNITION THRESHOLD AND MEASUREMENT PROCESS FOR FINANCIAL STATEMENT RECOGNITION OF UNCERTAIN TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN IN A TAX RETURN. THIS TOPIC ALSO PROVIDES GUIDANCE ON RECOGNITION, DERECOGNITION, CLASSIFICATION, INTEREST AND PENALTIES, ACCOUNTING IN INTERIM PERIODS, DISCLOSURE AND TRANSITION. AT SEPTEMBER 30, 2023 AND 2022, MANAGEMENT BELIEVES THAT THE AGENCY HAS NO MATERIAL UNCERTAIN TAX POSITIONS. PART XI, LINE 4B - OTHER ADJUSTMENTS: DIRECT FUNDRAISING EVENT EXPENSES -4,036. LOSS ON DISPOSAL OF PROPERTY, PLANT, AND EQUIPMENT -956,523. PART XII, LINE 2D - OTHER ADJUSTMENTS: DIRECT FUNDRAISING EVENT EXPENSES 4,036. LOSS ON DISPOSAL OF PROPERTY, PLANT, AND EQUIPMENT 956,523. BAD DEBT EXPENSE 38,526. X X X X X X X 1 BLODGETTSMITH GROUP 148 BEACH BLUFF AVE SWAMPSCOTT MA 01907 SEE PART IV 0 0 19598 -19598 19598 -19598 NH MA BOWLING BONANZA 29095 24900 4195 3000 1036 29095 24900 4195 3000 1036 4036 159 SCHEDULE G, PART I, LINE 2B, COLUMN (II): BLODGETTSMITH GROUP ADVISED ON COMMUNICATIONS AND STRATEGY FOR LEO'S CAPITAL CAMPAIGN. 1 ENERGY ASSISTANCE 7217 4240760 BASIC NEEDS ASSISTANCE 147 202757 68037 PER POUND COST FROM FOOD BANK FOOD PART I, LINE 2: ALL PASS-THROUGH PAYMENTS ARE FUNDED BY STATE, FEDERAL, OR PRIVATE CONTRACTS. EACH SOURCE HAS ITS ELIGIBILITY REQUIREMENTS THAT ARE MET PRIOR TO ISSUING PAYMENTS AND MONITORED TO ENSURE COMPLIANCE. X X 0 0 0 0 0 0 0 0 0 BIRGITTA S DAMON CHIEF EXECUTIVE OFFICER 168144 0 0 0 0 0 10282 0 33686 0 212112 0 0 0 KARA MURPHY CHIEF FINANCIAL OFFICER 139359 0 0 0 0 0 7735 0 15035 0 162129 0 0 0 LILIAN ROMERO CHIEF PROGRAM OFFICER 122058 0 0 0 0 0 7522 0 22200 0 151780 0 0 0 X 2 11771 FMV X 62635 68037 FMV X OFFICE SUPPLIES AND SUBSCRIPTIONS 2 8683 FMV 0 0 0 0 PART I, COLUMN (B): THE NUMBER IN COLUMN B REPRESENTS THE NUMBER OF CONTRIBUTIONS RECEIVED. FORM 990, PART I, LINES 13 AND 17 (PRIOR YEAR): THESE LINES HAVE BEEN RESTATED TO ALIGN THE PRESENTATION OF PASS-THROUGH EXPENSES AS GRANTS AND ASSISTANCE IN THE PRIOR YEAR AS THEY ARE BEING SHOWN IN THE CURRENT YEAR. FORM 990, PART VI, SECTION B, LINE 11B A DRAFT COPY OF THE FORM 990 WAS INITIALLY REVIEWED BY THE ORGANIZATION'S CHIEF FINANCIAL OFFICER. NEXT, THE DRAFT WAS REVIEWED BY THE CHIEF EXECUTIVE OFFICER AND BOARD OF DIRECTORS. FORM 990, PART VI, SECTION B, LINE 12C THE POLICY REQUIRES BOARD MEMBERS, OFFICERS AND ALL MANAGEMENT EMPLOYEES TO COMPLETE A CONFLICT OF INTEREST QUESTIONNAIRE EACH YEAR. THE QUESTIONNAIRE IS REVIEWED BY THE CHIEF EXECUTIVE OFFICER AND THE BOARD PRESIDENT FOR ANY CONFLICTS. THE QUESTIONNAIRES OF THE CHIEF EXECUTIVE OFFICER AND THE BOARD PRESIDENT ARE REVIEWED BY THE OTHER MEMBERS OF THE BOARD. FORM 990, PART VI, SECTION B, LINE 15 THE EXECUTIVE COMMITTEE CONDUCTS A SURVEY OF ORGANIZATIONS SIMILAR IN SIZE AND MISSION TO LEO INC. TAKING INTO CONSIDERATION ANY DIFFERENCES IN THE DUTIES PERFORMED BY THE VARIOUS CHIEF EXECUTIVE OFFICERS. THE BOARD THEN COMPARES THE RESULTS OF THE SURVEY WITH THE PERFORMANCE OF THE CHIEF EXECUTIVE OFFICER OF LEO INC. THE CHIEF EXECUTIVE OFFICER IS RESPONSIBLE FOR SETTING AND DETERMINING WAGE RATES FOR KEY EMPLOYEES WITH RESPECT TO COMPARABLE SALARIES WITHIN THE SURROUNDING AREA. FORM 990, PART VI, SECTION C, LINE 19 LEO INC.'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS ARE MADE AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART XI, LINE 9: BAD DEBT EXPENSE -38,526.