Leadership For Educational Equity Foundation
- Assets
- $4.1m
- Revenue
- $9.5m
- Investments
- $0.0
- Employees
- 0
- Location
- New York, NY
- Founding
- 08/2014
- Data as of
- 12/2023
- EIN
- 46-2093041
Organization Overview
Leadership For Educational Equity Foundation is located in New York, NY. The organization was established in 2014. According to its NTEE Classification (P20) the organization is classified as: Human Service Organizations, under the broad grouping of Human Services and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Leadership For Educational Equity Foundation 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, Leadership For Educational Equity Foundation generated $9.5m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 9 years, the organization has seen revenues fall by an average of (6.9%) each year. All expenses for the organization totaled $13.6m during the year ending 12/2023. 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 FOUNDATION'S MISSION IS TO WORK TO FOSTER AND FACILITATE INCREASED CIVIC ENGAGEMENT, COMMUNITY PARTICIPATION, AND VOLUNTEERISM WITH A FOCUS ON EDUCATION AND PUBLIC POLICY EFFORTS DESIGNED TO ACHIEVE EDUCATIONAL EQUITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
LEADERSHIP DEVELOPMENT - THE FOUNDATION PROVIDES GRANTS TO FOSTER AND FACILITATE INCREASED CIVIC ENGAGEMENT, COMMUNITY PARTICIPATION, AND VOLUNTEERISM OF LEADERSHIP FOR EDUCATIONAL EQUITY MEMBERS, FOCUSING ON THE FIELDS OF EDUCATION AND PUBLIC POLICY THROUGH: (I) SPONSORING LEADERSHIP DEVELOPMENT EXPERIENCES SUCH AS FELLOWSHIPS, WORKSHOPS, SEMINARS, AND SIMILAR EVENTS, (II) PROMOTING AND INFORMING DIALOGUE AND THE EXCHANGE OF IDEAS AND INFORMATION, AND (III) SUPPORTING OTHER CHARITABLE AND EDUCATIONAL PROJECTS CONSISTENT WITH THE FOREGOING.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Emma Bloomberg Chair Of The Board | OfficerTrustee | 1 | $0 |
Michael Park Director | Trustee | 1 | $0 |
Steve Mandel Director | Trustee | 1 | $0 |
Arthur Rock Director (from June 2023) | Trustee | 1 | $0 |
Michael Buman CEO & Executive Director | Officer | 2 | $0 |
Christine Green Secretary/treasurer | Officer | 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 | $9,499,395 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $9,499,395 |
| 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 | $9,499,395 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $12,390,908 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $96,048 |
| Pension plan accruals and contributions | $7,201 |
| Other employee benefits | $13,212 |
| Payroll taxes | $3,588 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $17,928 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,065,392 |
| Advertising and promotion | $0 |
| Office expenses | $7,681 |
| Information technology | $2,735 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| 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 | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $13,604,693 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $486,943 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $2,409,798 |
| Accounts receivable, net | $0 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,245,276 |
| Total assets | $4,142,017 |
| Accounts payable and accrued expenses | $1,549 |
| 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 | $0 |
| Other liabilities | $449,992 |
| Total liabilities | $451,541 |
| Net assets without donor restrictions | $1,278,898 |
| Net assets with donor restrictions | $2,411,578 |
| 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 | $4,142,017 |
Grants Awarded
Over the last fiscal year, Leadership For Educational Equity Foundation has awarded $20,811,097 in support to 17 organizations.
| Grant Recipient | Amount |
|---|---|
LEADERSHIP FOR EDUCATIONAL EQUITY PURPOSE: CHARITABLE AND EDUCATIONAL LEADERSHIP DEVELOPMENT MEMBER SUPPORT IN POLICY, ORGANIZING, ADVOCACY | $20,211,097 |
ALLIANCE FOR YOUTH ORGANIZING PURPOSE: NEW VENTURE GRANT | $25,000 |
COMMIT2DALLAS PURPOSE: NEW VENTURE GRANT | $25,000 |
CHICAGO LAWYERS COMMITTEE FOR CIVIL RIGHTS UNDER LAW INC PURPOSE: NEW VENTURE GRANT | $50,000 |
COMPANIES FOR CAUSES PURPOSE: NEW VENTURE GRANT | $25,000 |
DIGI-BRIDGE PURPOSE: NEW VENTURE GRANT | $25,000 |