Led2serve INC EIN 27-0527880

Led2serve INC

EIN  27-0527880 Public foundation / grantmaker Longwood, FL
Form 990 (PDF) Compare with another nonprofit →
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Size
<$100K
What they do
Provides meaningful service opportunities locally, nationally, and in Costa Rica.
Leadership
Vanessa Puleo · Executive Director President
Money in and out
$0 revenue, $261K expenses
Bottom line
99% program efficiency

Provides meaningful service opportunities locally, nationally, and in Costa Rica. For fiscal year 2024 it reported $0 in revenue, $261K in expenses, and $-308 in net assets.Pt I

Grants paid & assets · FY2024
Total revenue
$0
Pt VIII · Ln 12
Total expenses
$261K
Pt IX · Ln 25
Net assets
$-308
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): −$261K
Where spending went · Part IX cols B–D
Program services $0.99 Management & general $0.01
Program efficiency
99%
of spending reaches programs▲ +2% vs prior filing year
Operating runway
-0.0mo
months of highly liquid reserves at operating expense rate▼ -100% vs prior filing year
Goes to people
5%
of spending is salaries & benefits▼ -13% vs prior filing year

Summary of the Filing

Part I · fiscal year 2024 · Form 990
Revenue
$0
FY2024▼ -100%
Expenses
$261K
FY2024▲ +15%
Total assets
$-308
FY2024▼ -100%
Total liabilities
$0
FY2024
Total revenue
$0
Pt VIII · Ln 12
Total expenses
$261K
Pt IX · Ln 25
Net assets
$-308
Pt X · Ln 32
Revenue less expensesPt I · Ln 19−$261K
Total assetsPt X · Ln 16$-308
Program-expense ratioPt IX · col B99%
Voting members of governing bodyPt I · Ln 33
Independent voting membersPt I · Ln 42
Mission & Programs · Part III

Where the work happens

1 program service account for $259K of program spending, described in the organization's own filed words · FY2024.
01

Service Trips to four regions in Costa Rica. Used the funds of prior years to operate for 2024. Will dissolve the Organization on 01/01/2025.

$259Kprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CLed2serve INC
EINHdr · item D27-0527880
Principal addressHdr · item CLongwood, FL
WebsiteHdr · item Jwww.led2serve.org
Year of formationHdr · item Lpending
State of legal domicileHdr · item MFL
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFFoundations & Grantmakers (T50)
Ruling yearIRS BMFAug 2010

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a3
Independent voting membersPt VI · Ln 1b2
Conflict-of-interest policyPt VI · Ln 12aNo
Whistleblower policyPt VI · Ln 13No
Document retention policyPt VI · Ln 14No
CEO/top-official compensation independently reviewedPt VI · Ln 15aYes
Family or business relationships among officers/directorsPt VI · Ln 2Yes

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
Executive Director President
$0Pt VII · Sec A
Vice President Treasurer
$0Pt VII · Sec A
See Led2serve INC executive salaries →

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Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.99 Management & general $0.01
Program services99%$259K
Management & general1%$2K
Total functional expensesLn 25$261K

Balance Sheet

Part X · end of year
CashLn 1$-308
Total assetsLn 16$-308
Total liabilitiesLn 26$0
Total net assetsLn 32$-308
Months of cash on handcomputed-0.0

Financial Metrics

Form 990 · FY2024 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $-308 · Operating expenses/yr $261K
-0.0 months
Where the money goes
Program services
Program services $259K · Total expenses $261K
99%
Management & General
Management & general $2K · Total expenses $261K
1%
Fundraising
Fundraising $0 · Total expenses $261K
0%
Cost to raise $1
Fundraising expense (3-yr avg) $0 · Solicited contributions (3-yr avg) $0
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $0 · Total revenue $0
Government reliance
Government grants — · Total revenue $0
Earned-income share
Program service revenue $0 · Total revenue $0
Investment reliance
Investment income $0 · Total revenue $0
Program self-sufficiency
Program service revenue $0 · Total expenses $261K
0%
Growth & trend
Revenue growth (YoY)
This year $0 · Prior year $190K
-100%
Net-asset trend (YoY)
End of year $-308 · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $0 · Expenses $261K
Liabilities-to-Assets
Total liabilities — · Total assets $-308
Net-asset ratio
Net assets $-308 · Total assets $-308
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $-308
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Vanessa Puleo · Reported title Executive Director President · Highest reported compensation $0 · Total expenses $261K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $12K · Total expenses $261K
5%
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 99%
Overhead ratio 1%
Revenue growth -100%
Accounting fee ratio 2%

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 · FY2023
Total grants receivedfrom 1 funder$27

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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)$0 revenue · viewing · ⤓ 990 PDF
FY2023$190K revenue · ⤓ 990 PDF
FY2022$418K revenue · ⤓ 990 PDF
FY2021$50K revenue · ⤓ 990 PDF
FY2020$142K 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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