Leona Tate Foundation For Change Inc
- Assets
- $4.1m
- Revenue
- $319.1k
- Investments
- $0.0
- Employees
- 3
- Location
- New Orleans, LA
- Founding
- 08/2009
- Data as of
- 12/2023
- EIN
- 26-4548819
Organization Overview
Leona Tate Foundation For Change Inc is located in New Orleans, LA. The organization was established in 2009. According to its NTEE Classification (B82) the organization is classified as: Scholarships & Student Financial Aid, under the broad grouping of Education and related organizations. As of 12/2023, Leona Tate Foundation For Change Inc employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Leona Tate Foundation For Change Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2023, Leona Tate Foundation For Change Inc generated $319.1k in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 20.8% each year . All expenses for the organization totaled $623.8k during the year ending 12/2023. While expenses have increased by 21.3% per year over the past 5 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
THE LEONA TATE FOUNDATION'S MISSION IS TO PROMOTE, IMPROVE, AND ENHANCE RACIAL EQUALITY THROUGH VARIOUS AVENUES OF EDUCATION. TO EMPOWER AND ENRICH OUR COMMUNITIES FROM A SPIRITUAL, MULTICULTURAL, ECONOMICAL, HISTORICAL, AND SOCIAL PERSPECTIVE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TEP INTERPRETIVE EXHIBITIONS: THE TEP INTERPRETIVE CENTER IMMERSES VISITORS IN THE TIME AND PLACE OF THE MCDONOGH 3 BY ENCOURAGING VISITORS TO "WALK IN THE SHOES" OF THESE YOUNG LADIES AS THEY GO FROM THEIR HOMES TO THEIR FIRST DAY OF SCHOOL. IN 2023, WE WELCOMED APPROXIMATELY 1,500 PEOPLE TO THE CENTER AND IN 2024 ALREADY, WE HAVE WELCOMED NEARLY 3,000 VISITORS OF ALL AGES. STORYTELLER EXPERIENCE: THE LTFC STORYTELLERS EXPERIENCE INVITES STUDENTS AND CLASSES FROM AROUND NEW ORLEANS TO TRAVEL TO THE TEP CENTER IN ORDER TO WALK IN MCDONOGH 3'S SHOES IN THE INTERPRETIVE CENTER, PARTICIPATE IN ANTI-RACISM CONVERSATIONS, AND SIT IN A SPACE DESIGNED TO ALLOW THEM TO SEE THEMSELVES IN THIS HISTORY WHILE DECIDING HOW IT IMPACTS THEM MOVING FORWARD. SINCE ITS OPENING, THE TEP CENTER HAS WELCOMED 20+ SCHOOLS, 2000+ STUDENTS AND TEACHERS TO WALK IN THE SHOES OF DESEGREGATION HISTORY. RINGING THE BELL FOR CIVIL RIGHTS EDUCATION: "RINGING THE BELL" IS A PROFESSIONAL DEVELOPMENT PROGRAM FOR TEACHERS, INSTRUCTING THEM ON BEST PRACTICES FOR INCLUDING CIVIL RIGHTS LESSONS INTO THEIR CORE CURRICULUM STANDARDS. THE GOAL OF THIS PROFESSIONAL DEVELOPMENT IS TO UNDO RACIST EDUCATIONAL SYSTEMS, INCREASE TEACHER RETENTION, AND EXPERIENCE GROWTH IN STUDENT EDUCATIONAL OUTCOMES. THIS PROGRAM KICKED OFF IN JANUARY 2024 WITH A COHORT OF 3 SCHOOLS. WE INTEND TO DOUBLE THESE NUMBERS IN 2025. TEP TALKS SERIES: THE TEP TALK SERIES IS A FORUM HIGHLIGHTING UNTOLD STORIES OF THE CIVIL RIGHTS MOVEMENT IN NEW ORLEANS AND CONNECTING THEM TO PRESENT SOCIAL JUSTICE ISSUES, INCLUDING REPRODUCTIVE JUSTICE, BLACK HISTORY IS AMERICAN HISTORY, GENDER EQUITY, HEALTHCARE ACCESS, AND SO MANY MORE. SO FAR, APPROXIMATELY 250 PEOPLE HAVE PARTICIPATED IN THESE TALKS. "COURAGEOUS STEPS - BRIDGING THE DIVIDE FOR EQUALITY" PRODUCTION: LTFC IS BRINGING THIS UNIQUE PRODUCTION TO NEW ORLEANS IN NOVEMBER 2024. IT SERVES AS A TRIBUTE TO THE BROWN VS BOARD OF EDUCATION DECISION & PAYS HOMAGE TO THE BRAVE FAMILIES WHO TOOK UP THIS MANTLE TO DESEGREGATE PUBLIC SCHOOLS. THE TEP CENTER SEEKS TO WELCOME OVER 1,000 STUDENTS TO EXPERIENCE THIS HISTORY THROUGH THE PERFORMANCE FOR FREE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Leona Tate Executive Director | Officer | 50 | $70,000 |
Sarah Bruzzi Secretary | Trustee | 2 | $0 |
Willie Calhoun Member | Trustee | 2 | $0 |
Alyssa Conti Member | Trustee | 2 | $0 |
Rebecca Cooper Member | Trustee | 2 | $0 |
Caroline Heldman Board President | OfficerTrustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $239,479 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $239,479 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $319,051 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $70,000 |
| Compensation of current officers, directors, key employees. | $14,000 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $85,532 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $11,898 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $56,163 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $42,709 |
| Advertising and promotion | $34,069 |
| Office expenses | $5,459 |
| Information technology | $1,438 |
| Royalties | $0 |
| Occupancy | $147,630 |
| Travel | $5,271 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $304 |
| Insurance | $4,278 |
| All other expenses | $23,259 |
| Total functional expenses | $623,828 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $68,208 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $4,037 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $977 |
| Net Land, buildings, and equipment | $1,008 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $3,981,134 |
| Total assets | $4,055,364 |
| Accounts payable and accrued expenses | $99,183 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $2,000,000 |
| Other liabilities | $347,434 |
| Total liabilities | $2,446,617 |
| Net assets without donor restrictions | $1,439,076 |
| Net assets with donor restrictions | $169,671 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $4,055,364 |