Lever For Change
- Assets
- $14.6m
- Revenue
- $4.6m
- Investments
- $0.0
- Employees
- 0
- Location
- Chicago, IL
- Founding
- 07/2019
- Data as of
- 12/2022
- EIN
- 83-3044655
Organization Overview
Lever For Change is located in Chicago, IL. The organization was established in 2019. According to its NTEE Classification (T70) the organization is classified as: Federated Giving Programs, 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. Lever For Change 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 For Change generated $4.6m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (35.4%) each year. All expenses for the organization totaled $7.7m during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2021, Lever For Change has awarded 13 individual grants totaling $295,000. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
OUR MISSION IS TO UNLOCK SIGNIFICANT PHILANTHROPIC CAPITAL AND ACCELERATE SOCIAL CHANGE AROUND THE WORLD'S MOST PRESSING CHALLENGES. LEVER FOR CHANGE HELPS PHILANTHROPISTS SOURCE VETTED, HIGH-IMPACT OPPORTUNITIES IN TWO WAYS: BY DESIGNING AND MANAGING CUSTOMIZED COMPETITIONS AND BY MATCHING THEM WITH THE TOP VETTED PROPOSALS FROM ALL OF ITS COMPETITIONS IN THE BOLD SOLUTIONS NETWORK, A SEARCHABLE ONLINE DATABASE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
COMPETITION MANAGEMENT - THE ORGANIZATION DEVELOPS AND MANAGES CUSTOMIZED COMPETITIONS FOR PHILANTHROPISTS AND MATCHES DONORS WITH THE TOP VETTED PROPOSALS FROM SUCH COMPETITIONS IN A SEARCHABLE ONLINE DATABASE OF SOLUTIONS KNOWN AS THE BOLD SOLUTIONS NETWORK.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Name Not Listed Chief Executive Officer | OfficerTrustee | 40 | $380,137 |
Name Not Listed Director | Trustee | 2 | $0 |
Name Not Listed Director / Board Chair | Trustee | 3 | $0 |
Name Not Listed Director | Trustee | 2 | $0 |
Name Not Listed Director | Trustee | 2 | $0 |
Name Not Listed Secretary | Officer | 4 | $53,616 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Submittable Holdings Inc Competition Management | 12/30/22 | $373,566 |
The Bridgespan Group Strategy And Competition Technical Support | 12/30/22 | $332,750 |
Dalberg Consulting Us Llc Strategic Technical Assistance | 12/30/22 | $301,975 |
Common Pool Llc Dba Carrot Competition Management | 12/30/22 | $261,250 |
Open Tech Strategies Llc Software Design And Infrastructure | 12/30/22 | $210,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $411,625 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,580,308 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,991,933 |
| Total Program Service Revenue | $2,613,879 |
| Investment income | $32,991 |
| 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 | $4,638,803 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $170,000 |
| 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 | $18,536 |
| Fees for services: Accounting | $14,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $6,967,709 |
| Advertising and promotion | $0 |
| Office expenses | $11,243 |
| Information technology | $128,454 |
| Royalties | $0 |
| Occupancy | $209,821 |
| Travel | $78,989 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $32,475 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $12,977 |
| Insurance | $35,164 |
| All other expenses | $0 |
| Total functional expenses | $7,679,368 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $14,121,881 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $322,000 |
| 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 | $154,698 |
| Net Land, buildings, and equipment | $19,466 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $14,618,045 |
| Accounts payable and accrued expenses | $127,056 |
| Grants payable | $0 |
| Deferred revenue | $568,064 |
| 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 | $695,120 |
| Net assets without donor restrictions | $13,922,925 |
| 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 | $14,618,045 |
Grants Awarded
Over the last fiscal year, Lever For Change has awarded $170,000 in support to 8 organizations.
| Grant Recipient | Amount |
|---|---|
BARD COLLEGE PURPOSE: in support of The Worldwide Teach-in on Climate and Justice. | $25,000 |
IGNITE PURPOSE: in support of general operations. | $10,000 |
JUST COMMUNITY PURPOSE: in support of general operations. | $10,000 |
NATIONAL MARINE MAMMAL FOUNDATION INC PURPOSE: in support of a project to build veterinary capacity to fill vital knowledge gaps for endangered Indus River dolphins (Platanista minor) rescued from irrigation canals in Pakistan. | $25,000 |
IGNITE PURPOSE: in support of creating systems, structures, and a culture of support for all IGNITE staff and participants who are caregivers. | $25,000 |
NEW MEXICO COMMUNITY CAPITAL PURPOSE: in support of a project to co-create storytelling campaigns with Indigenous creatives and film/media experts in order to reframe entrepreneurship in communities. | $25,000 |