Leviathan Lab INC EIN 61-1732369

Leviathan Lab INC

EIN  61-1732369 Public charity (501(c)(3)) New York, NY
Form 990 (PDF) Compare with another nonprofit →
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Size
$100K–1M
What they do
Supports Asian and Asian American performing artists and their work through creative projects.
Leadership
Hugh Tipping · Treasurer/Acting Secretary
Money in and out
$125K revenue, $120K expenses
Bottom line
100% program efficiency

Supports Asian and Asian American performing artists and their work through creative projects. For fiscal year 2025 it reported $125K in revenue, $120K in expenses, and $5K in net assets.Pt I

Where the money goes · FY2025
Total revenue
$125K
Pt VIII · Ln 12
Total expenses
$120K
Pt IX · Ln 25
Net assets
$5K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $5K
Where spending went · Part IX cols B–D
Program services $1.00
Program efficiency
100%
of spending reaches programs
Operating runway
0.5mo
months of highly liquid reserves at operating expense rate▲ +25% vs prior filing year
Surplus margin
+4%
revenue over expenses, this year▲ +222% vs prior filing year

Summary of the Filing

Part I · fiscal year 2025 · Form 990
Revenue
$125K
FY2025▲ +65%
Total revenue
$125K
Pt VIII · Ln 12
Total expenses
$120K
Pt IX · Ln 25
Net assets
$5K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$5K
Total assetsPt X · Ln 16$5K
Program-expense ratioPt IX · col B100%
Voting members of governing bodyPt I · Ln 37
Independent voting membersPt I · Ln 47
Mission & Programs · Part III

Where the work happens

3 program services account for $90K of program spending, described in the organization's own filed words · FY2024.
01

THERE WERE LIGHTS Book, music, lyrics, and choreography Albert Guerzon (B'way: INTO THE WOODS, MAMMA MIA) Music arrangements and direction by Christian Almiron Direction and co-choreography by Monica Kapoor Rehearsals: 3/17/25-3/28/25 Performances: 3/28/25 at 12:00 noon and 3:30 p.m.

$40Kprogram expense
02

3 | FULL CONTACT A New Solo Work by Ariel Estrada Directed by Leslie Ishii Perseverance Theatre, Juneau, Alaska Performances: December 6-22-2024 Leviathan Lab provided partial playwright compensation, room & board, and per diem for Perseverance Theatre's regional National New Play Network Rolling World Premiere of the new solo work that…

$35Kprogram expense
03

GOTHIC LOLITA By Penny Pun (Associate Director of Civic Alliances, Perelman PAC) Directed by Eugene Ma Pearl Studios NYC Rehearsals: 12/5/24-12/9/24 Reading: 12/9/24, 2:00 p.m. Pay-as-you-are ticketing One, in-person, public staged reading of a new play by playwright, dramaturg, and advocate for Disability justice Penny Pun (Assoc.

$15Kprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CLeviathan Lab INC
EINHdr · item D61-1732369
Principal addressHdr · item CNew York, NY
WebsiteHdr · item Jwww.leviathanlab.org
Year of formationHdr · item Lpending
State of legal domicileHdr · item MNY
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFArts & Culture (A65)
Ruling yearIRS BMFMar 2016

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a7
Independent voting membersPt VI · Ln 1b7
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 15aNo
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation · most recent filed roster (FY2024); the FY2025 filing did not itemize Part VII
Treasurer/Acting Secretary
$0Pt VII · Sec A
President
$0Pt VII · Sec A
$0Pt VII · Sec A
Officer
$0Pt VII · Sec A
$0Pt VII · Sec A
Officer
$0Pt VII · Sec A
$0Pt VII · Sec A
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Statement of Revenue

Part VIII
Contributions & grants$124K · 99%
Program service revenue$1K · 1%
Contributions & grants99%$124K
Program service revenue1%$1K
— government grantsLn 1e$81K
Total revenueLn 12$125K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $1.00
Program services100%$120K
Total functional expensesLn 25$120K

Balance Sheet

Part X · end of year
CashLn 1$5K
Total assetsLn 16$5K
Total liabilitiesLn 26$0
Total net assetsLn 32$5K
Months of cash on handcomputed0.5

Financial Metrics

Form 990 · FY2025 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $5K · Operating expenses/yr $120K
0.5 months
Where the money goes
Program services
Program services $120K · Total expenses $120K
100%
Management & General
Management & general $0 · Total expenses $120K
0%
Fundraising
Fundraising $0 · Total expenses $120K
0%
Cost to raise $1
Fundraising expense $0 · Solicited contributions $44K
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $124K · Total revenue $125K
99%
Government reliance
Government grants $81K · Total revenue $125K
64%
Earned-income share
Program service revenue $1K · Total revenue $125K
1%
Investment reliance
Investment income $0 · Total revenue $125K
0%
Program self-sufficiency
Program service revenue $1K · Total expenses $120K
1%
Growth & trend
Revenue growth (YoY)
This year $125K · Prior year $76K
+65%
Net-asset trend (YoY)
End of year $5K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $125K · Expenses $120K
+4%
Liabilities-to-Assets
Total liabilities — · Total assets $5K
Net-asset ratio
Net assets $5K · Total assets $5K
100%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $0 · Other securities (Pt X, ln 12) $0 · Total assets (Pt X, ln 16) $5K
0%
People & payroll
Highest Reported Total Compensation
Individual Hugh Tipping · Reported title Treasurer/Acting Secretary · Highest reported compensation $0 · Total expenses $120K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $0 · Total expenses $120K
0%
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 100%
Overhead ratio 0%
Fundraising cost ratio 0%
Revenue growth 65%
Investment management fee ratio 0%
Legal fee ratio 0%
Accounting fee ratio 0%
Fundraising fee ratio 0%

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
Total grants receivedfrom 1 funder$6K

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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)$125K revenue · viewing · ⤓ 990 PDF
FY2024$76K revenue · ⤓ 990 PDF
FY2023$128K revenue · ⤓ 990 PDF
FY2022$128K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2025IRS
Classification, formation year, addressIRS Business Master File
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