Lever Foundation Inc
- Assets
- $2.3m
- Revenue
- $2.5m
- Investments
- $0.0
- Employees
- 0
- Location
- Lancaster, PA
- Founding
- 07/2018
- Data as of
- 12/2022
- EIN
- 82-3445472
Organization Overview
Lever Foundation Inc is located in Lancaster, PA. The organization was established in 2018. According to its NTEE Classification (D20) the organization is classified as: Animal Protection & Welfare, under the broad grouping of Animal-Related and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Lever Foundation 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 12/2022, Lever Foundation Inc generated $2.5m in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 18.9% each year . All expenses for the organization totaled $2.2m 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 MISSION OF THE LEVER FOUNDATION IS TO PREVENT ANIMAL SUFFERING AND CRUELTY TO ANIMALS BY PROMOTING HEALTH, HUMANE AND SUSTAINABLE FOOD CHOICES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
LEVER FOUNDATION WORKED WITH MAJOR FOOD COMPANIES TO INSPIRE AND HELP THEM REMOVE THE WORST FORMS OF ANIMAL CRUELTY FROM THEIR SUPPLY CHAIN, WITH A PARTICULAR FOCUS ON HELPING COMPANIES COMMIT TO ENDING THE USE OF BATTERY CAGES (OR OTHER CAGE CONFINEMENT OF EGG-LAYING HENS) IN THEIR SUPPLY CHAIN. LEVER FOUNDATION FOCUSED ITS EFFORTS ON ACHIEVING THESE POLICY CHANGES IN THE GREATER CHINA REGION AND THROUGHOUT ASIA GENERALLY. NOTE: EXPENSES ARE A ROUNDED APPROXIMATION, AS MANY PROGRAM EXPENSES SPAN MORE THAN ONE PROGRAM AREA.
LEVER FOUNDATION WORKED TO GROW THE ALTERNATIVE PROTEIN SPACE (PLANT-BASED MEAT, EGG AND DAIRY PRODUCTS, AND "CLEAN" MEAT, EGG AND DAIRY PRODUCTS THAT ARE PRODUCED FROM CELLULAR AGRICULTURE OR FERMENTATION WITHOUT THE NEED FOR LIVE ANIMALS) BY ASSISTING ENTREPRENEURS WITH STARTING COMPANIES IN THE SPACE, HELPING STARTUPS SECURE INVESTMENT FUNDING, AND DIRECTING MORE INVESTOR INTEREST AND INVESTMENT DOLLARS TO THE ALTERNATIVE PROTEIN SPACE. LEVER FOUNDATION ALSO WORKED WITH MAJOR FOOD COMPANIES TO PROMOTE ADDING MORE ALTERNATIVE PROTEIN OPTIONS. LEVER FOUNDATION FOCUSED ITS EFFORTS ON GROWING THE ALTERNATIVE PROTEIN SPACE IN THE GREATER CHINA REGION. BECAUSE OF THE NATURE OF THIS WORK, IT IS HARD TO ESTIMATE A SPECIFIC NUMBER OF ANIMALS THAT WILL BENEFIT FROM WORK DONE IN THIS AREA BY LEVER FOUNDATION IN 2020. NOTE: EXPENSES ARE A ROUNDED APPROXIMATION, AS MANY PROGRAM EXPENSES SPAN MORE THAN ONE PROGRAM AREA.
LEVER FOUNDATION MAINTAINS A GRANT PROGRAM IN WHICH RESTRICTED DONATIONS MADE TO THE FOUNDATION ARE GRANTED TO ENTITIES IN OTHER COUNTRIES DOING WORK TO ADVANCE FARM ANIMAL WELFARE. IN 2022, A GRANT WAS PROVIDED TO AN ENTITY IN IRELAND THAT WAS ENGAGES IN FARM ANIMAL PROTECTION AND PROMOTION OF PLANT-BASED EATING. THIS ENTITY'S MISSION AND PROGRAMS SHARE THE CHARITABLE MISSION OF LEVER FOUNDATION OF PREVENTING CRUELTY TO ANIMALS AND PROMOTING HUMANE AND SUSTAINABLE FOOD CHOICES. NOTE: EXPENSES ARE A ROUNDED APPROXIMATION, AS MANY PROGRAM EXPENSES SPAN MORE THAN ONE PROGRAM AREA.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kai Yi Carrie Chan Director | Trustee | 1 | $0 |
Nick Cooney Director | OfficerTrustee | 20 | $0 |
Brian Ottens Director | Trustee | 1 | $0 |
Yaqi Gao Grover Director | Trustee | 3 | $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 | $2,352,717 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,352,717 |
| Total Program Service Revenue | $0 |
| Investment income | $179,384 |
| 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 | $2,532,101 |
| 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 | $1,250,000 |
| 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 | $155 |
| Fees for services: Accounting | $10,440 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $887,163 |
| Advertising and promotion | $20,416 |
| Office expenses | $1,150 |
| Information technology | $21,484 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $3,170 |
| 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 | $735 |
| All other expenses | $4,248 |
| Total functional expenses | $2,198,961 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $76,298 |
| 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 | $1,999,032 |
| Investments—other securities | $0 |
| Investments—program-related | $190,000 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,265,330 |
| Accounts payable and accrued expenses | $1,082 |
| 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 | $1,082 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $2,264,248 |
| 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 | $2,265,330 |