Leveraged Foundation
- Assets
- $261.9k
- Revenue
- $1.0m
- Investments
- $0.0
- Employees
- 0
- Location
- Cohoes, NY
- Founding
- 10/2019
- Data as of
- 12/2022
- EIN
- 83-0635999
Organization Overview
Leveraged Foundation is located in Cohoes, NY. The organization was established in 2019. According to its NTEE Classification (T23) the organization is classified as: Private Operating Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Leveraged 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, Leveraged Foundation generated $1.0m in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 18.7% each year . All expenses for the organization totaled $1.1m during the year ending 12/2022. While expenses have increased by 27.6% per year over the past 4 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
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
LEVERAGED FOUNDATION (THE FOUNDATION) PARTNERS WITH SENIOR LEADERS OF SCHOOL DISTRICTS AND NETWORKS TO ENSURE THE BEST EDUCATIONAL EXPERIENCES AND OUTCOMES WITHIN THEIR SCHOOLS. THE FOUNDATION PROVIDES EXPERTISE, INNOVATIVE IDEAS AND PRACTICES, AND DEDICATES SUPPORT TO COLLABORATIVELY DEVELOP STRONG SYSTEMS AND LEADERSHIP CAPACITY. THE GOAL IS TO IMPACT EDUCATION BEYOND ITS PARTNERSHIPS BY CURATING AND SPREADING THE BEST IDEAS AND PRACTICES. IN 2022, THE FOUNDATION WORKED WITH (15) PUBLIC DISTRICT AND CHARTER NETWORKS SERVING OVER 57,000 STUDENTS ACROSS TEN STATES AND FURTHER PARTNERED WITH EDUCATION THOUGHT LEADERS TO BROADEN, DEEPEN AND AMPLIFY WHAT WORKS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Allen Thorpe Treasurer/secretary/director | 0.5 | $0 | |
Meghan Mackay Executive Director, President/director | 60 | $0 | |
Vanessa Bangser Managing Director | 60 | $244,000 | |
Richard Seigler Managing Director | 60 | $244,000 | |
Caitlin Klein Director Of Strategy | 60 | $151,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $1,000,000 |
| Interest on Savings | $0 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $1,000,000 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $790,932 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $48,325 |
| Printing and publications | $0 |
| Other expenses | $352 |
| Total operating and administrative expenses | $1,094,397 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $1,094,397 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $261,927 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $261,927 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |