Lionheart Foundation EIN 04-3140337 Form 990 (PDF)

Lionheart Foundation

Claimed

Provides social-emotional literacy training and resources for incarcerated adults and at-risk youth. For fiscal year 2024 it reported $1.1M in revenue, $1.2M in expenses, and $1.0M in net assets.Pt I

Type
Public charity (501(c)(3)) · Arts & Culture
Location
Dedham, MA
Website
lionheart.org
Filings
5 on file (2020–2024)
Claimed
Yes
Revenue
$1.1MFY2024
Expenses
$1.2M
Net assets
$1.0M
People
7
Filings
5
Updates
0
More identity details & actions ⌄
EIN  04-3140337 Public charity (501(c)(3)) Dedham, MA
Form 990 (PDF)
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Provided by the organization
Size
$1–10M
What they do
Provides social-emotional literacy training and resources for incarcerated adults and at-risk youth.
Leadership
Marc Crespi · Executive Director · $125K
Money in and out
$1.1M revenue, $1.2M expenses
Bottom line
53% program efficiency
Where the money goes · FY2024
Total revenue
$1.1M
Pt VIII · Ln 12
Total expenses
$1.2M
Pt IX · Ln 25
Net assets
$1.0M
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): −$167K
Where spending went · Part IX cols B–D
Program services $0.53 Management & general $0.39 Fundraising $0.08
Program efficiency
53%
of spending reaches programs▼ -12% vs prior filing year
Operating runway
9.4mo
months of highly liquid reserves at operating expense rate▼ -39% vs prior filing year
Surplus margin
-16%
revenue over expenses, this year▼ -220% vs prior filing year

Summary of the Filing

Part I · fiscal year 2024 · Form 990
Revenue
$1.1M
FY2024▲ +6%
Expenses
$1.2M
FY2024▲ +40%
Total assets
$1.2M
FY2024▼ -11%
Total liabilities
$154K
FY2024▲ +13%
Total revenue
$1.1M
Pt VIII · Ln 12
Total expenses
$1.2M
Pt IX · Ln 25
Net assets
$1.0M
Pt X · Ln 32
Revenue less expensesPt I · Ln 19−$167K
Total assetsPt X · Ln 16$1.2M
Program-expense ratioPt IX · col B53%
Voting members of governing bodyPt I · Ln 36
Independent voting membersPt I · Ln 46

Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CLionheart Foundation
EINHdr · item D04-3140337
Principal addressHdr · item CDedham, MA
WebsiteHdr · item Jlionheart.org
Year of formationHdr · item Lpending
State of legal domicileHdr · item MMA
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFArts & Culture (A20Z)
Ruling yearIRS BMFJul 1992

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a6
Independent voting membersPt VI · Ln 1b6
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13No
Document retention policyPt VI · Ln 14No
CEO/top-official compensation independently reviewedPt VI · Ln 15aNo
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
Executive Director
$125,000Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A

Marc Crespi’s $125K as Executive Director is at the 51st percentile of top reported officer pay among 3916 $1–10M arts & culture nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 2 named individuals · Part VII

NameFY2024FY2023FY2022FY2021FY2020
Marc Crespi$125,000$1,442
Robin Casarjian$88,394$74,560$78,226$77,585

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

See Lionheart Foundation executive salaries →

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Mission & Programs · Part III

Where the work happens

3 program services account for $663K of program spending, described in the organization's own filed words · FY2024.
01

The houses of healing program is a powerful 13 session social and emotional learning (sel)curriculum created specifically for incarcerated individuals. The program is designed to promote rehabilitation, facilitate re-entry into society, and reduce violence inside facilities.

$398Kprogram expense
02

EQ2 is an interactive training and support program for direct care staff working with youth at risk. It fills a critical gap in building trauma informed communities. The program enables staff to self-regulate, co-regulate with youth, and form healing relationships with each other and the youth they care for.

$146Kprogram expense
03

The power source program is an evidence based program designed to empower at risk youth with the social and emotional skills necessary to forge paths of healthy development and disengagement from high risk and offending behaviors. The program helps youth avoid a lifelong involvement in the justice system.

$119Kprogram expense

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Statement of Revenue

Part VIII
Contributions & grants$644K · 60%
Other revenue$411K · 38%
Investment income$21K · 2%
Contributions & grants60%$644K
Other revenue38%$411K
Investment income2%$21K
— government grantsLn 1e$234K
Total revenueLn 12$1.1M

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.53 Management & general $0.39 Fundraising $0.08
Program services53%$663K
Management & general39%$484K
Fundraising8%$95K
Total functional expensesLn 25$1.2M

Balance Sheet

Part X · end of year
CashLn 1$976K
Total assetsLn 16$1.2M
Total liabilitiesLn 26$154K
Total net assetsLn 32$1.0M
Months of cash on handcomputed9.4

Financial Metrics

Form 990 · FY2024 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $976K · Operating expenses/yr $1.2M
9.4 months
Where the money goes
Program services
Program services $663K · Total expenses $1.2M
53%
Management & General
Management & general $484K · Total expenses $1.2M
39%
Fundraising
Fundraising $95K · Total expenses $1.2M
8%
Cost to raise $1
Fundraising expense (3-yr avg) $72K · Solicited contributions (3-yr avg) $351K
$0.20 to raise $1 (3-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $644K · Total revenue $1.1M
60%
Government reliance
Government grants $234K · Total revenue $1.1M
22%
Earned-income share
Program service revenue $0 · Total revenue $1.1M
0%
Investment reliance
Investment income $21K · Total revenue $1.1M
+2%
Program self-sufficiency
Program service revenue $0 · Total expenses $1.2M
0%
Growth & trend
Revenue growth (YoY)
This year $1.1M · Prior year $1.0M
+6%
Revenue CAGR
FY2020 $498K · FY2024 $1.1M
+21%
Net-asset trend (YoY)
End of year $1.0M · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $1.1M · Expenses $1.2M
-16%
Liabilities-to-Assets
Total liabilities — · Total assets $1.2M
Net-asset ratio
Net assets $1.0M · Total assets $1.2M
87%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $1.2M
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Marc Crespi · Reported title EXECUTIVE DIRECTOR · Highest reported compensation $125K · Total expenses $1.2M
10%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $747K · Total expenses $1.2M
60%
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 53%
Overhead ratio 39%
Fundraising cost ratio 15%
Revenue growth 6%
Accounting fee ratio 15%

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Grants

Schedule I · funders on record
Grants received · FY2024
See all 5 funders →

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2024 (Latest)$1.1M revenue · viewing · ⤓ 990 PDF
FY2023$1.0M revenue · ⤓ 990 PDF
FY2022$602K revenue · ⤓ 990 PDF
FY2021$1.0M revenue · ⤓ 990 PDF
FY2020$498K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2024IRS
Classification, formation year, addressIRS Business Master File
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