Leadership For Educational Equity Foundation
- Assets
- $13.5m
- Revenue
- $27.8m
- Investments
- $0.0
- Employees
- 0
- Location
- New York, NY
- Founding
- 08/2014
- Data as of
- 12/2021
- 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 12/2021, Leadership For Educational Equity Foundation generated $27.8m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 6.3% each year. All expenses for the organization totaled $20.4m during the year ending 12/2021. While expenses have increased by 13.7% per year over the past 7 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
2021
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 Buman President | Officer | 2 | $0 |
Christine Green Secretary/treasurer | Officer | 1 | $0 |
Michael Park Director | Trustee | 1 | $0 |
Arthur Rock Director | Trustee | 1 | $0 |
Steve Mandel Director | Trustee | 1 | $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 | $27,777,309 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $27,777,309 |
| 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 | $27,777,309 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $18,571,581 |
| 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 | $103,703 |
| Pension plan accruals and contributions | $10,491 |
| Other employee benefits | $13,997 |
| Payroll taxes | $3,900 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $27,224 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,681,999 |
| Advertising and promotion | $0 |
| Office expenses | $5,515 |
| Information technology | $3,876 |
| Royalties | $0 |
| Occupancy | $1,137 |
| 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 | $20,423,423 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,989,655 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $8,280,570 |
| 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 | $1,182,738 |
| Total assets | $13,452,963 |
| Accounts payable and accrued expenses | $6,066 |
| 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 | $715,897 |
| Total liabilities | $721,963 |
| Net assets without donor restrictions | $4,450,430 |
| Net assets with donor restrictions | $8,280,570 |
| 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 | $13,452,963 |
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 |
|---|---|
New York, NY PURPOSE: CHARITABLE AND EDUCATIONAL LEADERSHIP DEVELOPMENT MEMBER SUPPORT IN POLICY, ORGANIZING, ADVOCACY | $20,211,097 |
Downey, CA PURPOSE: NEW VENTURE GRANT | $75,000 |
West Palm Beach, FL PURPOSE: NEW VENTURE GRANT | $75,000 |
Denver, CO PURPOSE: NEW VENTURE GRANT | $50,000 |
Rosedale, MS PURPOSE: NEW VENTURE GRANT | $50,000 |
Chicago, IL PURPOSE: NEW VENTURE GRANT | $50,000 |
Grants Recieved
Over the last fiscal year, we have identified 9 grants that Leadership For Educational Equity Foundation has recieved totaling $6,635,028.
| Awarding Organization | Amount |
|---|---|
Teach For America Inc New York, NY PURPOSE: This grant aims to assist LEE: in growing membership and member engagement; growing individual leadership pipelines in policy, advocacy, and organizing careers; and building collective action. At the time of the grant, there were over 46,933 LEE members. LEE planned to grow to 47,000 members across the US by December 31, 2021, and 49,000 by December 31, 2022. LEE also planned to grow the number of LEE members to include an additional 55 senior leaders in senior policy, advocacy, and organizing leaders by December 31, 2021, and by 120 by December 31, 2022. | $4,200,000 |
Goldman Sachs Philanthropy Fund New York, NY PURPOSE: COMMUNITY & HUMAN SERVICES | $2,100,000 |
Silicon Valley Community Foundation Mountain View, CA PURPOSE: Community Development | $175,000 |
Robert R Mccormick Foundation Chicago, IL PURPOSE: LEE FELLOW FOR KIDS SUPPORT IN CHICAGO | $50,000 |
Charter Fund Inc Broomfield, CO PURPOSE: CHARTER COMMUNICATIONS | $50,000 |
Education Trust Inc Washington, DC PURPOSE: Support | $25,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Community Renewal Team Inc Hartford, CT | $32,612,649 | $50,680,669 |
Valley Opportunity Council Inc Chicopee, MA | $22,850,959 | $49,579,644 |
Jewish Community Council Of Greater Coney Island Inc Brooklyn, NY | $14,065,313 | $45,116,234 |
Elrc4kids Inc Greensburg, PA | $6,335,708 | $42,009,228 |
Greater Bergen Community Action Inc Hackensack, NJ | $31,538,152 | $42,343,270 |
Ezras Choilim Health Center Inc Monroe, NY | $23,435,027 | $45,592,726 |
Metropolitan New York Coordinating Council On Jewish Poverty New York, NY | $56,489,415 | $47,513,181 |
Puerto Rican Family Institute Inc New York, NY | $23,494,373 | $43,970,504 |
Worcester Community Action Council Inc Worcester, MA | $8,882,298 | $41,343,806 |
Educational Alliance Inc New York, NY | $44,753,122 | $39,086,207 |
Catholic Charitable Bureau Of The Archdiocese Of Boston Inc South Boston, MA | $52,520,056 | $42,947,634 |
Catholic Charities- Diocese Of Metuchen Perth Amboy, NJ | $28,793,391 | $35,804,723 |