Leonidas Foundation FY2023 filing

Tax-deductible

Cliffside Pk, NJ501(c)(3)Public & Societal BenefitEIN 81-3116420Revenue $107K in FY2023

On file with the IRS450 Anderson Ave, 07010-1506 · Cliffside Pk, NJTax-exempt since Nov 2016Publicly supported charity — 170(b)(1)(A)(vi)

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The Leonidas Foundation is dedicated to promoting emerging young men with a desire for service, knowledge and fellowship. While maintaining a storng love of god, country and brotherhood, we engage in productive and humanitarian endeavors to foster scholarship, mentorship and public service with honor, prowess and integrity.

501(c)(3) charity; gifts are tax-deductible.
100¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2023 · 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
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
2 of 4
filings with a surplus
Average deficit $8K a year · 9% of revenue · last 4 filings
Worth a look: a surplus in 2 of the last 4 filings.
Pt I · Ln 19 · 4 filings
Spent on programs
100%
of spending
Looks good: 100% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
7 mo
of spending, in cash
Looks good: 6.8 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $13K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$816
1.0% of total assets
Looks good: liabilities are 1% of assets; 50% or less.
Pt X · Ln 26
Independent board members
0
of 7 voting members
Concern: none of 7 voting members are independent.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$107K
+96% vs prior year
Spent
$132K
To programs
100%
Net assets
$81K
By yearFY2020–FY2024
Revenue
$107K
FY2023▲ +96%
Tap a bar for its year
Revenue by fiscal year
FY2020$82K
FY2022$54K
FY2023$107K
FY2024$97K
Expenses
$132K
FY2023▲ +48%
Tap a bar for its year
Expenses by fiscal year
FY2020$58K
FY2022$89K
FY2023$132K
FY2024$90K
Net assets
$81K
FY2023▼ -24%
Tap a bar for its year
Net assets by fiscal year
FY2020$241K
FY2022$106K
FY2023$81K
FY2024$81K

From the FY2023 Form 990 · see the original

990 PDF Claim
You’re viewing the FY2023 filing — not the latest on file. See the latest (FY2024) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Nov 2016.

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

Where the money goes

100 cents of each dollar spent went to programs.

Program services 100% · $132K

Form 990 Part IX, line 25. Every line is in By the numbers.

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Who runs it and what they're paid

7 people listed on the 990.

Part VII, Section A · reportable compensation
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Vice President
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
$0Pt VII · Sec A

Susan Perricone’s $6K as Treasurer is at the 38th percentile of top reported officer pay among 61 <$100K public & societal benefit 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.

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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 2Yes
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Fosters scholarship, mentorship, and public service in young men through humanitarian endeavors.

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Provided by the organization

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1 program · $132K · in their own filed words · FY2023
01

The organization is in the process of creating the groud work to create the L.E.O (leadership, entrepreneurship opportunity)program at high schools in north jersey. The organization has supplied funding for the creation of a classroom at don bosco high school in ramsey new jersey. The classroom is equiped with computers, desks etc.

$132Kprogram 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 · FY2025
Total grants receivedfrom 1 funder$13K
Grants paid · 3 grants · $27K · 2022–2023
Don Bosco High SchoolFY2022$15,482

By the numbers

The FY2023 990, line by line.

1The main four
Money inPt VIII
$107K
Ln 12
Gifts and grantsLn 1h$67K
Other incomeLn 4–11$40K
Investment incomeLn 3$85
Money outPt IX
$132K
Ln 25
Programscol B$132K
Owns and owesPt X
$81K
net assets · Ln 32
Cash and savingsLn 1–2$75K
Total assetsLn 16$82K
LiabilitiesLn 26$816
PeoplePt VI, VII
7
listed · VII A
PaidVII A0
Voting boardVI 1a7
IndependentVI 1b0
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$67K
Investment incomeLn 3$85
Other incomeLn 4–11$40K
Total revenueLn 12$107K
Assets in detailPt X, end of year
CashLn 1$75K
Cash and savings togetherLn 1–2$75K
InvestmentsLn 11–13$7K
Total assetsLn 16$82K
LiabilitiesLn 26$816
Net assetsLn 32$81K
OperationsPt I, VI
EmployeesI 50
VolunteersI 60
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY23End FY23
Cash and savingsLn 1–2$99K$75K
InvestmentsLn 11–13$7K$7K
Total assetsLn 16$106K$82K
LiabilitiesLn 26$0$816
Net assetsLn 32$106K$81K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic individualsLn 2$17K$17K
Grants and assistance to foreign recipientsLn 3$12K$12K
Pay of current officers, directors and key staffLn 5$55K$55K
Other fees for servicesLn 11g$9K$9K
Advertising and promotionLn 12$4K$4K
Information technologyLn 14$6K$6K
Other expenses (24a–d)Ln 24$21K$21K
All other expensesLn 24e$8K$8K
Total functional expensesLn 25$132K$132K$0$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $97K$90K$6K$81K 990 PDF
FY2023 Viewing $107K$132K−$25K$81K 990 PDF
FY2022 $54K$89K−$35K$106K 990 PDF
FY2021 Not on file
FY2020 $82K$58K$24K$241K 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 FY2023 990 (6 parts)
Part I · Summary $106,723 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $35,762$67,024
I-9 Program service revenuePrior year $0$0
I-10 Investment incomePrior year $163$85
I-11 Other revenuePrior year $18,436$39,614
I-12 Total revenuePrior year $54,361$106,723
I-13 Grants and similar amounts paidPrior year $0$28,827
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $0$55,390
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $89,337$47,847
I-18 Total expensesPrior year $89,337$132,064
I-19 Revenue less expensesPrior year −$34,976−$25,341
Part VI · Governance 0 of 7 board members independent, 5 to look at
VI-1a Voting members of the governing body7
VI-1b Independent voting members0
VI-2 Family or business relationship among officers or directorsYes
VI-12a Written conflict of interest policyNo
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
Part VIII · Statement of revenue $106,723 across 5 lines filed
VIII-1f All other contributions, gifts and grants$67,024
VIII-1h Total contributions, gifts and grants$67,024
VIII-3 Investment incomeUnrelated business $85$85
VIII-8 Net income from fundraising eventsExcluded from tax $39,614$39,614
VIII-12 Total revenueRelated to mission $0 · Unrelated business $85 · Excluded from tax $39,614$106,723
Part IX · Statement of functional expenses $132,064 across 8 lines filed
IX-2 Grants to domestic individualsPrograms $16,577$16,577
IX-3 Grants and assistance to foreign recipientsPrograms $12,250$12,250
IX-5 Pay of current officers, directors and key staffPrograms $55,390$55,390
IX-11g Other fees for servicesPrograms $9,250$9,250
IX-12 Advertising and promotionPrograms $4,335$4,335
IX-14 Information technologyPrograms $5,769$5,769
IX-24 Other expenses (24a–d)Programs $20,992$20,992
IX-24e All other expensesPrograms $7,501$7,501
IX-25 Total functional expensesPrograms $132,064 · Management $0 · Fundraising $0$132,064
Part X · Balance sheet $81,675 assets, 8 lines filed
X-1 Cash, non-interest-bearingStart of year $99,344$74,819
X-12 Other securitiesStart of year $6,856$6,856
X-16 Total assetsStart of year $106,200$81,675
X-17 Accounts payable and accrued expensesStart of year $0$816
X-26 Total liabilitiesStart of year $0$816
X-27 Net assets without donor restrictionsStart of year $106,200$80,859
X-32 Total net assets or fund balancesStart of year $106,200$80,859
X-33 Total liabilities and net assetsStart of year $106,200$81,675
Part XI · Reconciliation of net assets $80,859 net assets at year end
XI-1 Total revenue$106,723
XI-2 Total expenses$132,064
XI-3 Revenue less expenses−$25,341
XI-4 Net assets at start of year$106,200
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$80,859

Form 990 e-file (XML) FY2023 from the IRS · Classification, formation year and address from the IRS Business Master File

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