Lq Foundation FY2024 filing

Tax-deductible

Bayside, NY501(c)(3)Since 2008InternationalEIN 26-1964339

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Through grant-making and pro-bono leadership training, we develop strong community leaders around the globe who are committed to: (1) supporting collaborative action to address climate change, (2) alleviating poverty and creating social mobility for socially and economically disadvantaged communities, (3) promoting sustainable solutions for economic growth, and (4) advancing education.

501(c)(3) charity; gifts are tax-deductible.
98¢ of each $1 spent went to programs.
$12K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

Before you give

FY2024 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
2 of 5
filings with a surplus
Average surplus $14K a year · 1% of revenue · last 5 filings
Worth a look: a surplus in 2 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
98%
of spending
Looks good: 98% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$12K
to officers and key staff · 0.9% of spending
Looks good: pay to officers and key staff is 1% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
2 mo
of spending, in cash
Fine: 1.6 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $50K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$61K
30% of total assets
Looks good: liabilities are 30% of assets; 50% or less.
Pt X · Ln 26
Independent board members
4
of 4 voting members
Looks good: 4 of 4 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$1.3M
+56% vs prior year
Spent
$1.3M
To programs
98%
Net assets
$145K
By yearFY2020–FY2025
Revenue
$1.3M
FY2024▲ +56%
Revenue by fiscal year
FY2020$189K
FY2021$1.8M
FY2022$371K
FY2023$845K
FY2024$1.3M
FY2025$1.3M
Expenses
$1.3M
FY2024▲ +67%
Expenses by fiscal year
FY2020Not on file
FY2021$1.5M
FY2022$578K
FY2023$797K
FY2024$1.3M
FY2025$1.3M
Net assets
$145K
FY2024▼ -4%
Net assets by fiscal year
FY2020$54K
FY2021$312K
FY2022$104K
FY2023$152K
FY2024$145K
FY2025$125K

From the FY2024 Form 990 · figures checked against the IRS filing · see the original

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You’re viewing the FY2024 filing — not the latest on file. See the latest (FY2025) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Jul 2008.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

98 cents of each dollar spent went to programs.

Program services 98% · $1.3M Management & general 2% · $27K Fundraising 0% · $1K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

6 people listed on the 990; $12K paid to officers and key staff.

Part VII, Section A · reportable compensation
$11,525Pt VII · Sec A
Pres/Sec/Treas
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A

Sabeena Bagol’s $8K as CFO, Leaders Quest is at the 1st percentile of top reported officer pay among 1168 $1–10M international 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 · 1 named individual · Part VII

NameFY2025FY2024
Sabeena Bagol$7,865$11,525

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 Lq Foundation executive salaries →

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Develops global community leaders through grants and training to address climate change, poverty, and promote sustainable growth and education.

Provided by the organization

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2 programs · $1.3M · in their own filed words · FY2024
01

Grants made, mainly to count us in for earth FC, a campaign in the run up to cop 30 in brazil to encourage fans, players, clubs and governments across the world to address climate change.

$971Kprogram expense
02

Philanthropic activities contracted by the bezos earth fund in support of (I) increased confidence in the legitimacy of climate pledges (ii) the raising of ambition to secure a 1.5-DEGREE trajectory for the world and (iii) improved context for cop 28.

$328Kprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · received and paid
Grants received · FY2023
Total grants receivedfrom 1 funder$50K
Grants paid · 9 grants · $508K · 2021–2023

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$1.3M
Ln 12
Gifts and grantsLn 1h$975K
Fees for servicesLn 2g$345K
Money outPt IX
$1.3M
Ln 25
Programscol B$1.3M
Managementcol C$27K
Fundraisingcol D$1K
Owns and owesPt X
$145K
net assets · Ln 32
Cash and savingsLn 1–2$176K
Total assetsLn 16$206K
LiabilitiesLn 26$61K
PeoplePt VI, VII
6
listed · VII A
PaidVII A1
Voting boardVI 1a4
IndependentVI 1b4
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$975K
Fees for servicesLn 2g$345K
Total revenueLn 12$1.3M
Assets in detailPt X, end of year
CashLn 1$176K
Cash and savings togetherLn 1–2$176K
Total assetsLn 16$206K
LiabilitiesLn 26$61K
Net assetsLn 32$145K
OperationsPt I, VI
EmployeesI 50
VolunteersI 63
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY24End FY24
Cash and savingsLn 1–2$160K$176K
Total assetsLn 16$190K$206K
LiabilitiesLn 26$38K$61K
Net assetsLn 32$152K$145K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants and assistance to foreign recipientsLn 3$971K$971K
Pay of current officers, directors and key staffLn 5$12K$12K
Accounting feesLn 11c$14K$14K
Other fees for servicesLn 11g$328K$328K
Office expensesLn 13$214$107$107
Information technologyLn 14$2K$1K$1K
Total functional expensesLn 25$1.3M$1.3M$27K$1K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $1.3M$1.3M−$20K$125K 990 PDF
FY2024 Viewing $1.3M$1.3M−$7K$145K 990 PDF
FY2023 $845K$797K$48K$152K 990 PDF
FY2022 $371K$578K−$207K$104K 990 PDF
FY2021 $1.8M$1.5M$258K$312K 990 PDF
FY2020 $189K$54K 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2024 990 (4 parts)
Part VIII · Statement of revenue $1,320,000 across 4 lines filed
VIII-1f All other contributions, gifts and grants$975,000
VIII-1h Total contributions, gifts and grants$975,000
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $345,000$345,000
VIII-12 Total revenueRelated to mission $345,000 · Unrelated business $0 · Excluded from tax $0$1,320,000
Part IX · Statement of functional expenses $1,326,746 across 6 lines filed
IX-3 Grants and assistance to foreign recipientsPrograms $970,782$970,782
IX-5 Pay of current officers, directors and key staffManagement $11,525$11,525
IX-11c Accounting feesManagement $14,025$14,025
IX-11g Other fees for servicesPrograms $327,750$327,750
IX-13 Office expensesManagement $107 · Fundraising $107$214
IX-14 Information technologyManagement $1,225 · Fundraising $1,225$2,450
IX-25 Total functional expensesPrograms $1,298,532 · Management $26,882 · Fundraising $1,332$1,326,746
Part X · Balance sheet $206,105 assets, 7 lines filed
X-1 Cash, non-interest-bearingStart of year $160,351$176,105
X-4 Accounts receivableStart of year $30,000$30,000
X-16 Total assetsStart of year $190,351$206,105
X-17 Accounts payable and accrued expensesStart of year $38,500$61,000
X-26 Total liabilitiesStart of year $38,500$61,000
X-32 Total net assets or fund balancesStart of year $151,851$145,105
X-33 Total liabilities and net assetsStart of year $190,351$206,105
Part XI · Reconciliation of net assets $145,105 net assets at year end
XI-1 Total revenue$1,320,000
XI-2 Total expenses$1,326,746
XI-3 Revenue less expenses−$6,746
XI-4 Net assets at start of year$151,851
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$145,105

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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