EIN 04-2378885

Lynn Economic Opportunity (LEO)

IRS 501(c) type
501(c)(3)
Num. employees
142
City
Year formed
1965
Most recent tax filings
2023-09-01
NTEE code, primary
Description
Lynn Economic Opportunity, Inc. works to alleviate the immediate impact of poverty, while providing pathways to financial stability for individuals, families, and the strength of the greater community of Lynn and its surrounding towns.
Total revenues
$15,135,468
2023
Total expenses
$13,911,047
2023
Total assets
$16,653,765
2023
Num. employees
142
2023

Program areas at LEO

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.
Community service program - services to stabilize individuals facing financial emergencies as a result of poverty.
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.

Who funds Lynn Economic Opportunity (LEO)

Grants from foundations and other nonprofits
GrantmakerDescriptionAmount
United Way of Massachusetts Bay and Merrimack ValleyCommunity Impact$65,000
Lynn Housing Authority Development GroupEmergency Solution Esg CV 19$53,900
Masscap (MASSCAP)Paym.for Gen.support$51,105
...and 4 more grants received

Personnel at LEO

NameTitleCompensation
Birgitta S. DamonChief Executive Officer$168,144
Kara MurphyChief Financial Officer$139,359
Diann Lloyd-DennisChief of Staff
Lilian RomeroChief Program Officer$122,058
Lisa McFaddenDirector of Development and Communications$111,181
...and 26 more key personnel

Financials for LEO

RevenuesFYE 09/2023
Total grants, contributions, etc.$15,928,014
Program services$71,679
Investment income and dividends$70,771
Tax-exempt bond proceeds$0
Royalty revenue$0
Net rental income$21,368
Net gain from sale of non-inventory assets$-956,523
Net income from fundraising events$159
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous revenues$0
Total revenues$15,135,468

Form 990s for LEO

Fiscal year endingDate received by IRSFormPDF link
2023-092024-07-09990View PDF
2022-092023-07-10990View PDF
2021-092022-07-22990View PDF
2020-092021-10-26990View PDF
2019-092021-03-16990View PDF
...and 10 more Form 990s
Data update history
September 21, 2024
Updated personnel
Identified 3 new personnel
August 31, 2024
Posted financials
Added Form 990 for fiscal year 2023
August 30, 2024
Updated personnel
Identified 2 new personnel
August 26, 2024
Used new vendors
Identified 1 new vendor, including
August 25, 2024
Received grants
Identified 2 new grant, including a grant for $65,000 from United Way of Massachusetts Bay and Merrimack Valley
Nonprofit Types
Human service organizationsFamily service centersCharities
Issues
Human services
Characteristics
Political advocacyLobbyingFundraising eventsState / local levelReceives government fundingCommunity engagement / volunteeringTax deductible donationsAccepts online donations
General information
Address
PO Box 711
Lynn, MA 01901
Metro area
Boston-Cambridge-Newton, MA-NH
County
Essex County, MA
Website URL
leoinc.org/ 
Phone
(781) 581-7220
Facebook page
Lynn-Economic-Opportunity-Inc 
IRS details
EIN
04-2378885
Fiscal year end
September
Taxreturn type
Form 990
Year formed
1965
Eligible to receive tax-deductible contributions (Pub 78)
Yes
Categorization
NTEE code, primary
P40: Family Services
NAICS code, primary
624190: Individual and Family Services
Parent/child status
Independent
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