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Lynn Business Education Foundation Inc

Organization summary

Type of Nonprofit

Designated as a Organizations for any of the following purposes: religious, educational, charitable, scientific, literary, testing for public safety, fostering national or international amateur sports competition (as long as it doesn't provide athletic facilities or equipment), or the prevention of cruelty to children or animals.

Category: Educational Institutions and Related Activities / Graduate, Professional Schools (Separate Entities) (B51J) (NTEE)

Donations to this organization are tax deductible.

Summary charts: organization finances over time

Revenue
$9.5k (2023)

Expenses
$37.9k (2023)

Total Assets
$83.1k (2023)

Total Liabilities
$0 (2023)

Years with missing data
Source: Form 990 tax filings from 2011 to 2023

Tax Filings by Year

Form 990 is an information return that most organizations claiming federal tax-exempt status must file yearly with the IRS. Nonprofit Explorer has IRS digitized Form 990 data for filings processed in 2012 and later. If this organization filed an amended return, it may not be reflected below. Duplicate download links may indicate a resubmission or amendment to this organization's original return. Form 990 data is from the IRS.

Fiscal Year Ending June
2023

Extracted Financial Data

Extracted Financial Data from 990-EZ
Revenue
$9,498
Expenses
$37,891
Net Income
-$28,393
Net Assets
$83,106
Notable Sources of Revenue Percent of Total Revenue
Contributions $1,500
15.8%
Program Services $0
Investment Income $1,063
11.2%
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $6,935
73.0%
Assets/Debt
Total Assets $83,106
Total Liabilities $0
Net Assets $83,106
Compensation
Key Employees and Officers Compensation Other
John Greeley (Co Ex Dir &) $0 $0
Gregory Ambrose (Vice Preside) $0 $0
Christine Perry (Secretary) $0 $0
Charles Gallo (President) $0 $0
Robin Ennis (Director) $0 $0
Pauline Coulon (Director) $0 $0
Sheila O'neil (Director) $0 $0
Richard Gorham (Director) $0 $0
Alice Gunning (Director) $0 $0
Stephen Upton (Director) $0 $0

Document Links

Fiscal Year Ending June
2022

Extracted Financial Data

Extracted Financial Data from 990-EZ
Revenue
$57,256
Expenses
$85,861
Net Income
-$28,605
Net Assets
$111,500
Notable Sources of Revenue Percent of Total Revenue
Contributions $54,512
95.2%
Program Services $0
Investment Income $1,058
1.8%
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $1,686
2.9%
Assets/Debt
Total Assets $111,500
Total Liabilities $0
Net Assets $111,500
Compensation
Key Employees and Officers Compensation Other
Gale Thomas (Co Executive) $0 $0
John Greeley (Co Ex Dir &) $0 $0
Gregory Ambrose (Vice Preside) $0 $0
Catherine Perry (Secretary) $0 $0
Charles Gallo (President) $0 $0
Dr Patrick Tutweiller (Director) $0 $0
Sheila O'neil (Director) $0 $0
Richard Gorham (Director) $0 $0
Stephen Upton (Director) $0 $0
Pauline Coulon (Director) $0 $0
Alice Gunning (Director) $0 $0

Document Links

Fiscal Year Ending June
2020

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$63,005
Expenses
$82,698
Net Income
-$19,693
Net Assets
$138,109
Notable Sources of Revenue Percent of Total Revenue
Contributions $59,670
94.7%
Program Services $0
Investment Income $3,599
5.7%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue -$264
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $153,089
Total Liabilities $14,980
Net Assets $138,109
Compensation
Key Employees and Officers Compensation Related Other
Gale Thomas (Co Executive) $8,000 $0 $0
John Greeley (Co Ex Dir &) $7,000 $0 $0
Gregory Ambrose (Vice Preside) $0 $0 $0
Pauline Coulon (Director) $0 $0 $0
Robin Ennis (Director) $0 $0 $0
Dr Patrick Fresco (Director) $0 $0 $0
Rosario Fresco (Director) $0 $0 $0
Charles Gallo (President) $0 $0 $0
Richard Gorham (Director) $0 $0 $0
Alice Gunning (Director) $0 $0 $0
Sheila O'neil (Director) $0 $0 $0
Catherine Perry (Secretary) $0 $0 $0
Stephon Upton (Director) $0 $0 $0

Document Links

Fiscal Year Ending June
2019

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$30,633
Expenses
$42,848
Net Income
-$12,215
Net Assets
$157,802
Notable Sources of Revenue Percent of Total Revenue
Contributions $21,459
70.1%
Program Services $0
Investment Income $4,322
14.1%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $4,852
15.8%
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $232,802
Total Liabilities $75,000
Net Assets $157,802
Compensation
Key Employees and Officers Compensation Related Other
Gale Thomas (Co Executive Director) $3,750 $0 $0
John Greeley (Co Executive Director, Treasurer) $3,750 $0 $0
Gregory Ambrose (Vice President) $0 $0 $0
Catherine Perry (Secretary) $0 $0 $0
Robin Ennis (Director) $0 $0 $0
Pauline Coulon (Director) $0 $0 $0
Sheila O'neil (Director) $0 $0 $0
Rosario Fresco (Director) $0 $0 $0
Dr Patrick Tutwieler (Director) $0 $0 $0
Richard Gorham (Director) $0 $0 $0
Alice Gunning (Director) $0 $0 $0
Stephen Upton (Director) $0 $0 $0
Deborah Smith Walsh (Director) $0 $0 $0
Charles Gallo (President) $0 $0 $0

Document Links

Fiscal Year Ending June
2018

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$18,401
Expenses
$63,837
Net Income
-$45,436
Net Assets
$170,018
Notable Sources of Revenue Percent of Total Revenue
Contributions $6,155
33.4%
Program Services $0
Investment Income $7,094
38.6%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $5,152
28.0%
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $170,018
Total Liabilities $0
Net Assets $170,018
Compensation
Key Employees and Officers Compensation Related Other
Dr Fred Cole (Executive Director) $0 $0 $0
Gregory Ambrose (President) $0 $0 $0
Gale Thomas (Vice President) $0 $0 $0
John Greeley (Treasurer) $0 $0 $0
Catherine Perry (Secretary) $0 $0 $0
Clfford Boggis (Director) $0 $0 $0
Pauline Coulon (Director) $0 $0 $0
Brant Duncan (Director) $0 $0 $0
Rosario Fresco (Director) $0 $0 $0
Ivelise Gonzalez (Director) $0 $0 $0
Richard Gorham (Director) $0 $0 $0
Alice Gunning (Director) $0 $0 $0
Catherine Latham (Director) $0 $0 $0
Stephen Upton (Director) $0 $0 $0
Deborah Smith Walsh (Director) $0 $0 $0
Brian Thomas (Director) $0 $0 $0
Mary Chalmers Fountain (Director) $0 $0 $0
Charles Gallo (Director) $0 $0 $0
Shannon Murphy (Director) $0 $0 $0

Document Links

Fiscal Year Ending June
2017

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$65,124
Expenses
$97,950
Net Income
-$32,826
Net Assets
$215,254
Notable Sources of Revenue Percent of Total Revenue
Contributions $38,215
58.7%
Program Services $0
Investment Income $8,698
13.4%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $18,211
28.0%
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $215,254
Total Liabilities $0
Net Assets $215,254
Compensation
Key Employees and Officers Compensation Related Other
Dr Fred Cole (Executive Director) $30,000 $0 $0
Gregory Ambrose (President) $0 $0 $0
Gale Thomas (Vice President) $0 $0 $0
John Greeley (Treasurer) $0 $0 $0
Catherine Perry (Secretary) $0 $0 $0
Clfford Boggis (Director) $0 $0 $0
Pauline Coulon (Director) $0 $0 $0
Brant Duncan (Director) $0 $0 $0
Rosario Fresco (Director) $0 $0 $0
Ivelise Gonzalez (Director) $0 $0 $0
Richard Gorham (Director) $0 $0 $0
Alice Gunning (Director) $0 $0 $0
Catherine Latham (Director) $0 $0 $0
Stephen Upton (Director) $0 $0 $0
Deborah Smith Walsh (Director) $0 $0 $0
Brian Thomas (Director) $0 $0 $0
Mary Chalmers Fountain (Director) $0 $0 $0
Charles Gallo (Director) $0 $0 $0
Shannon Murphy (Director) $0 $0 $0

Document Links

Fiscal Year Ending June
2016

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$91,699
Expenses
$144,812
Net Income
-$53,113
Net Assets
$248,080
Notable Sources of Revenue Percent of Total Revenue
Contributions $90,800
99.0%
Program Services $0
Investment Income $13,694
14.9%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue -$12,795
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $248,080
Total Liabilities $0
Net Assets $248,080
Compensation
Key Employees and Officers Compensation Related Other
Dr Fred Cole (Executive Director) $30,000 $0 $0
Gregory Ambrose (President) $0 $0 $0
Gale Thomas (Vice President) $0 $0 $0
John Greeley (Treasurer) $0 $0 $0
Catherine Perry (Secretary) $0 $0 $0
Clfford Boggis (Director) $0 $0 $0
Pauline Coulon (Director) $0 $0 $0
Paul Crowley (Director) $0 $0 $0
Brant Duncan (Director) $0 $0 $0
Rosario Fresco (Director) $0 $0 $0
Ivelise Gonzalez (Director) $0 $0 $0
Richard Gorham (Director) $0 $0 $0
Alice Gunning (Director) $0 $0 $0
Mary Jo Koopman (Director) $0 $0 $0
Catherine Latham (Director) $0 $0 $0
Stephen Upton (Director) $0 $0 $0
Deborah Smith Walsh (Director) $0 $0 $0
Brian Thomas (Director) $0 $0 $0

Document Links

Fiscal Year Ending June
2015

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$17,538
Expenses
$64,289
Net Income
-$46,751
Net Assets
$301,193
Notable Sources of Revenue Percent of Total Revenue
Contributions $4,575
26.1%
Program Services $0
Investment Income $12,994
74.1%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue -$31
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $301,193
Total Liabilities $0
Net Assets $301,193
Compensation
Key Employees and Officers Compensation Related Other
Dr Fred Cole (Executive Director) $0 $0 $0
Gregory Ambrose (President) $0 $0 $0
Gale Thomas (Vice President) $0 $0 $0
John Greeley (Treasurer) $0 $0 $0
Catherine Perry (Secretary) $0 $0 $0
Clfford Boggis (Director) $0 $0 $0
Pauline Coulon (Director) $0 $0 $0
Paul Crowley (Director) $0 $0 $0
Brant Duncan (Director) $0 $0 $0
Rosario Fresco (Director) $0 $0 $0
Ivelise Gonzalez (Director) $0 $0 $0
Richard Gorham (Director) $0 $0 $0
Alice Gunning (Director) $0 $0 $0
Mary Jo Koopman (Director) $0 $0 $0
Catherine Latham (Director) $0 $0 $0
Stephen Upton (Director) $0 $0 $0
Deborah Smith Walsh (Director) $0 $0 $0
Brian Thomas (Director) $0 $0 $0

Document Links

Fiscal Year Ending June
2014

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$51,555
Expenses
$68,257
Net Income
-$16,702
Net Assets
$347,944
Notable Sources of Revenue Percent of Total Revenue
Contributions $6,960
13.5%
Program Services $0
Investment Income $13,255
25.7%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $31,340
60.8%
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $347,944
Total Liabilities $0
Net Assets $347,944
Compensation
Key Employees and Officers Compensation Related Other
Dr Fred Cole (Executive Director) $30,000 $0 $0
Brian Thomas (President) $0 $0 $0
Gale Thomas (Vice President) $0 $0 $0
John Greeley (Treasurer) $0 $0 $0
Catherine Perry (Secretary) $0 $0 $0
Gregory Ambrose (Director) $0 $0 $0
Clfford Boggis (Director) $0 $0 $0
Mary Chalmers Fountain (Director) $0 $0 $0
Pauline Coulon (Director) $0 $0 $0
Paul Crowley (Director) $0 $0 $0
Brant Duncan (Director) $0 $0 $0
Rosario Fresco (Director) $0 $0 $0
Ivelise Gonzalez (Director) $0 $0 $0
Richard Gorham (Director) $0 $0 $0
Alice Gunning (Director) $0 $0 $0
Irving Kane (Director) $0 $0 $0
Mary Jo Koopman (Director) $0 $0 $0
Catherine Latham (Director) $0 $0 $0
Paul Pierre (Director) $0 $0 $0
Stephen Upton (Director) $0 $0 $0
Deborah Smith Walsh (Director) $0 $0 $0

Document Links

Fiscal Year Ending June
2013

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$42,630
Expenses
$47,305
Net Income
-$4,675
Net Assets
$364,646
Notable Sources of Revenue Percent of Total Revenue
Contributions $6,000
14.1%
Program Services $0
Investment Income $15,792
37.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $20,838
48.9%
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $364,646
Total Liabilities $0
Net Assets $364,646

Document Links

Fiscal Year Ending June
2011

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$86,613
Expenses
$78,171
Net Income
$8,442
Net Assets
$411,867
Notable Sources of Revenue Percent of Total Revenue
Contributions $5,029
5.8%
Program Services $0
Investment Income $17,795
20.5%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $63,789
73.6%
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $411,867
Total Liabilities $0
Net Assets $411,867

Document Links

Fiscal Year Ending June
2010

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending June
2009

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending June
2008

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending June
2007

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending June
2006

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending June
2005

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending June
2004

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending June
2003

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending June
2002

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending June
2001

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

About This Data

Nonprofit Explorer includes summary data for nonprofit tax returns and full Form 990 documents, in both PDF and digital formats.

The summary data contains information processed by the IRS during the 2012-2019 calendar years; this generally consists of filings for the 2011-2018 fiscal years, but may include older records. This data release includes only a subset of what can be found in the full Form 990s.

In addition to the raw summary data, we link to PDFs and digital copies of full Form 990 documents wherever possible. This consists of separate releases by the IRS of Form 990 documents processed by the agency, which we update regularly.

We also link to copies of audits nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year since 2016. These audits are copied from the Federal Audit Clearinghouse.

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Every organization that has been recognized as tax exempt by the IRS has to file Form 990 every year, unless they make less than $200,000 in revenue and have less than $500,000 in assets, in which case they have to file form 990-EZ. Organizations making less than $50,000 don’t have to file either form but do have to let the IRS they’re still in business via a Form 990N "e-Postcard."

Nonprofit Explorer has organizations claiming tax exemption in each of the 27 subsections of the 501(c) section of the tax code, and which have filed a Form 990, Form 990EZ or Form 990PF. Taxable trusts and private foundations that are required to file a form 990PF are also included. Small organizations filing a Form 990N "e-Postcard" are not included in this data.

Types of Nonprofits

There are 27 nonprofit designations based on the numbered subsections of section 501(c) of the tax code. See the list »

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  • Raw filing data. Includes EINs and summary financials as structured data.
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