Lets Breakthrough INC EIN 31-1793681

Lets Breakthrough INC FY2023 filing

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Promotes dignity and equality worldwide through media, arts, and tech. For fiscal year 2023 it reported $396K in revenue, $1.1M in expenses, and $96K in net assets.Pt I

Type
Public charity (501(c)(3)) · Crime & Legal
Location
New York, NY
Website
www.letsbreakthrough.org
Filings
6 on file (2020–2023)
Revenue
$396KFY2023
Expenses
$1.1M
Net assets
$96K
People
7
Filings
6
Updates
0
More identity details & actions ⌄
EIN  31-1793681 Public charity (501(c)(3)) New York, NY
Form 990 (PDF)
You’re viewing the FY2023 filing — not the latest on file. See the latest (FY2025) →
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Size
$1–10M
What they do
Promotes dignity and equality worldwide through media, arts, and tech.
Leadership
Nakisha Lewis · President CEO · $200K
Money in and out
$396K revenue, $1.1M expenses
Bottom line
81% program efficiency
Where the money goes · FY2023
Total revenue
$396K
Pt VIII · Ln 12
Total expenses
$1.1M
Pt IX · Ln 25
Net assets
$96K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): −$724K
Where spending went · Part IX cols B–D
Program services $0.81 Management & general $0.12 Fundraising $0.07
Program efficiency
81%
of spending reaches programs
Operating runway
9.1mo
months of highly liquid reserves at operating expense rate
Surplus margin
-183%
revenue over expenses, this year

Summary of the Filing

Part I · fiscal year 2023 · Form 990
Revenue
$396K
FY2023▼ -77%
Expenses
$1.1M
FY2023▼ -19%
Total assets
$893K
FY2023▼ -45%
Total liabilities
$797K
FY2023▼ -16%
Total revenue
$396K
Pt VIII · Ln 12
Total expenses
$1.1M
Pt IX · Ln 25
Net assets
$96K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19−$724K
Total assetsPt X · Ln 16$893K
Program-expense ratioPt IX · col B81%
Voting members of governing bodyPt I · Ln 35
Independent voting membersPt I · Ln 45
Mission & Programs · Part III

Where the work happens

2 program services account for $908K of program spending, described in the organization's own filed words · FY2022.
01

Educational Program

Breakthrough uses education and popular culture to promote public awareness and dialogue about human rights, social justice, and ending violence to encourage individuals and communities to get involved in promoting dignity, equality, and respect and building a culture of human rights.

$893Kprogram expense
02

Sponsored Projects

Amis des ecoles works to promote the dignity, equality, and respect for school children and women in remote rural morocco.

$14Kprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CLets Breakthrough INC
EINHdr · item D31-1793681
Principal addressHdr · item CNew York, NY
WebsiteHdr · item Jwww.letsbreakthrough.org
Year of formationHdr · item Lpending
State of legal domicileHdr · item MNY
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFCrime & Legal (I70)
Ruling yearIRS BMFFeb 2002

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a5
Independent voting membersPt VI · Ln 1b5
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13Yes
Document retention policyPt VI · Ln 14Yes
CEO/top-official compensation independently reviewedPt VI · Ln 15aYes
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation · most recent filed roster (FY2022); the FY2023 filing did not itemize Part VII
President CEO
$200,000Pt VII · Sec A
Dir, COO Secretary for Corporation
$104,616Pt VII · Sec A
Board Chair
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A

Marc Sokol Executive’s $22K as Director and Secretary of the Board is at the 1st percentile of top reported officer pay among 1146 $1–10M crime & legal 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 · 8 named individuals · Part VII

NameFY2025FY2023FY2022FY2021FY2020
Nakisha Lewis$200,000$50,000
Marc Sokol Interim Exec Dir COO$160,004
Marc Sokol COO and the US$160,004$147,310
Monica Vargas$112,426$110,962
Marc Sokol Former Interim Exec$104,616
Darnell Moore$81,538
Sohini Bhattacharya$45,843$31,117
Marc Sokol Executive$22,000

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.

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Statement of Revenue

Part VIII
Contributions & grants$374K · 94%
Program service revenue$12K · 3%
Investment income$10K · 3%
Contributions & grants94%$374K
Program service revenue3%$12K
Investment income3%$10K
Total revenueLn 12$396K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.81 Management & general $0.12 Fundraising $0.07
Program services81%$908K
Management & general12%$140K
Fundraising7%$73K
Total functional expensesLn 25$1.1M

Balance Sheet

Part X · end of year
CashLn 1$490K
Total assetsLn 16$893K
Total liabilitiesLn 26$797K
Total net assetsLn 32$96K
Months of cash on handcomputed5.2

Financial Metrics

Form 990 · FY2023 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $854K · Operating expenses/yr $1.1M
9.1 months
Where the money goes
Program services
Program services $908K · Total expenses $1.1M
81%
Management & General
Management & general $140K · Total expenses $1.1M
12%
Fundraising
Fundraising $73K · Total expenses $1.1M
7%
Cost to raise $1
Fundraising expense (3-yr avg) $108K · Solicited contributions (3-yr avg) $1.0M
$0.11 to raise $1 (3-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $374K · Total revenue $396K
94%
Government reliance
Government grants — · Total revenue $396K
Earned-income share
Program service revenue $12K · Total revenue $396K
3%
Investment reliance
Investment income $10K · Total revenue $396K
+3%
Program self-sufficiency
Program service revenue $12K · Total expenses $1.1M
1%
Growth & trend
Revenue growth (YoY)
This year $396K · Prior year $1.7M
-77%
Net-asset trend (YoY)
End of year $96K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $396K · Expenses $1.1M
-183%
Liabilities-to-Assets
Total liabilities — · Total assets $893K
Net-asset ratio
Net assets $96K · Total assets $893K
11%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $364K · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $893K
41%
People & payroll
Highest Reported Total Compensation
Individual Nakisha Lewis · Reported title PRESIDENT CEO · Highest reported compensation $200K · Total expenses $1.1M
18%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $480K · Total expenses $1.1M
43%
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 81%
Overhead ratio 12%
Fundraising cost ratio 20%
Revenue growth -77%
Investment management fee ratio 0%
Legal fee ratio 0.8%
Accounting fee ratio 3%

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 · received and paid
Grants received · FY2024
Ford FoundationFY2024$127K
Total grants receivedfrom 5 funders$661K
See all 5 funders →
Grants paid · 3 grants · $409K · 2020–2024
Six Zero Nine Creative LLCFY2024$332,500
One Earth PhilanthropyCA · FY2021$46,220
Nida'a Alnissa LLCFY2020$30,000

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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
FY2025 (Latest)$1.5M revenue · ⤓ 990 PDF
FY2024$866K revenue · ⤓ 990 PDF
FY2023$396K revenue · viewing · ⤓ 990 PDF
FY2022$1.7M revenue · ⤓ 990 PDF
FY2021$1.5M revenue · ⤓ 990 PDF
FY2020$1.8M revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2023IRS
Classification, formation year, addressIRS Business Master File
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