Leonidas Foundation
- Assets
- $106.2k
- Revenue
- $54.4k
- Investments
- $6.9k
- Employees
- 0
- Location
- Wyckoff, NJ
- Founding
- 11/2016
- Data as of
- 12/2022
- EIN
- 81-3116420
Organization Overview
Leonidas Foundation is located in Wyckoff, NJ. The organization was established in 2016. According to its NTEE Classification (W12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Public & Societal Benefit and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Leonidas 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 12/2022, Leonidas Foundation generated $54.4k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 14.8% each year . All expenses for the organization totaled $89.3k during the year ending 12/2022. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE LEONIDAS FOUNDATION IS DEDICATED TO PROMOTING EMERGING YOUNG MEN WITH A DESIRE FOR SERVICE, KNOWLEDGE AND FELLOWSHIP. WHILE MAINTAINING A STORNG LOVE OF GOD, COUNTRY AND BROTHERHOOD, WE ENGAGE IN PRODUCTIVE AND HUMANITARIAN ENDEAVORS TO FOSTER SCHOLARSHIP, MENTORSHIP AND PUBLIC SERVICE WITH HONOR, PROWESS AND INTEGRITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION IS IN THE PROCESS OF CREATING THE GROUD WORK TO CREATE THE L.E.O (LEADERSHIP, ENTREPRENEURSHIP OPPORTUNITY)PROGRAM AT HIGH SCHOOLS IN NORTH JERSEY. THE ORGANIZATION HAS SUPPLIED FUNDING FOR THE CREATION OF A CLASSROOM AT DON BOSCO HIGH SCHOOL IN RAMSEY NEW JERSEY. THE CLASSROOM IS EQUIPED WITH COMPUTERS, DESKS ETC. THE ORGANIZATION HAS PROVIDED FUNDING FOR A TEACHER AND THE DEVELOPMENT OF A CURRICULUM IN THE FIELD OF BUSINESS. ADDITIONALLY, A THREE DAY TRIP TO WASHINGTON DC TOOK PLACE IN JUNE WHERE STUDENTS WERE ABLE TO ENGAGE WITH VARIOUS BUSINESS LEADERS AS WELL AS MEMBERS OF CONGRESS. THE GOAL OF THE PROGRAM IS TO CHALLENGE STUDENTS IN A "SHARK TANK LIKE COMPETITION TO DEVELOP CREATIVE BUSINESS IDEAS. THE FUNIDNG TO THE HIGH SCHOOLS TO ESTABLISH THE L.E.O PROGRAM WILL INCLUDE FUNDING FOR SUPPLIES, GUEST SPEAKERS AND INSTRUCTION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Teddy Vagias Trustee | Trustee | 2 | $0 |
Frances Vagias Trustee | Trustee | 2 | $0 |
Alexandra Vagias Trustee | Trustee | 2 | $0 |
Matthew Perricone President | Officer | 2 | $0 |
Alex Cucciniello Vice President | Officer | 2 | $0 |
Matthew Colon Secretary | 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 | $35,762 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $35,762 |
| Total Program Service Revenue | $0 |
| Investment income | $163 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $18,436 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $54,361 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $16,956 |
| Advertising and promotion | $13,801 |
| Office expenses | $9,123 |
| Information technology | $9,199 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $1,917 |
| 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 | $816 |
| All other expenses | $2,140 |
| Total functional expenses | $89,337 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $99,344 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| 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 | $6,856 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $106,200 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $106,200 |
| Net assets with donor restrictions | $0 |
| 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 | $106,200 |