Lever for Change FY2023 filing

Tax-deductible

Chicago, IL501(c)(3)Since 2019Foundations & GrantmakersEIN 83-3044655Revenue $2.3M in FY2023

On file with the IRSleverforchange.org140 S Dearborn St Ste 705, 60603-5207 · Chicago, ILTax-exempt since Jul 2019Publicly supported charity — 170(b)(1)(A)(vi)

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Our mission is to unlock significant philanthropic capital and accelerate social Change around the world's most pressing challenges. Lever for Change helps philanthropists source vetted, high-impact opportunities in two ways: by designing and managing customized competitions and by matching them with the top vetted proposals from all of its competitions in the bold solutions network, a searchable online database.

501(c)(3) charity; gifts are tax-deductible.
83¢ 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 5
filings with a surplus
Average deficit $1.7M a year · 27% of revenue · last 5 filings
Concern: a surplus in 2 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
83%
of spending
Looks good: 83% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
12 mo
of spending, in cash
Looks good: 12.1 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
5
named funders · $2.7M
Looks good: 5 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$1.1M
12% of total assets
Looks good: liabilities are 12% of assets; 50% or less.
Pt X · Ln 26
Independent board members
4
of 5 voting members
Looks good: 4 of 5 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$2.3M
-49% vs prior year
Spent
$8.5M
To programs
83%
Net assets
$7.8M
By yearFY2020–FY2024
Revenue
$2.3M
FY2023▼ -49%
Tap a bar for its year
Revenue by fiscal year
FY2020$1.6M
FY2021$11.1M
FY2022$4.6M
FY2023$2.3M
FY2024$12.2M
Expenses
$8.5M
FY2023▲ +10%
Tap a bar for its year
Expenses by fiscal year
FY2020$7.7M
FY2021$7.8M
FY2022$7.7M
FY2023$8.5M
FY2024$9.0M
Net assets
$7.8M
FY2023▼ -44%
Tap a bar for its year
Net assets by fiscal year
FY2020$13.7M
FY2021$17.0M
FY2022$13.9M
FY2023$7.8M
FY2024$11.0M

From the FY2023 Form 990 · figures checked against the IRS filing · see the original

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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 Jul 2019.

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

Where the money goes

83 cents of each dollar spent went to programs.

Program services 83% · $7.0M Management & general 15% · $1.2M Fundraising 2% · $190K

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

8 people listed on the 990.

Part VII, Section A · reportable compensation
Chief Executive Officer
$0Pt VII · Sec A
$0Pt VII · Sec A
Director / Board Chair
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Secretary (effective 6/17/23)
$0Pt VII · Sec A
Secretary (through 6/16/23)
$0Pt VII · Sec A
$0Pt VII · Sec A

Cecilia Conrad’s $380K as Chief Executive Officer is at the 81st percentile of top reported officer pay among 662 $10–100M philanthropy & grantmaking 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 · 5 named individuals · Part VII

NameFY2022FY2021FY2020
Cecilia Conrad$380,137$400,739$362,426
Dana Rice$254,642$248,044$237,591
Bradford Ballast$204,529$206,915$194,441
Joshua Mintz$53,616$52,102$49,988
Trisha Pomerenk$37,802$33,529$31,334

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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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 15aYes

Programs and updates

Connects philanthropists with vetted, high-impact social change opportunities through competitions and a database.

Questions for Lever for Change

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Provided by the organization

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1 program · $7.0M · in their own filed words · FY2023
01

Competition Management

The organization develops and manages customized competitions for philanthropists and matches donors with the top vetted proposals from such competitions in a searchable online database of solutions known as the bold solutions network.

$7.0Mprogram 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 · FY2024
See all 5 funders →
Grants paid · 24 grants · $655K · 2020–2024
Talent Beyond Boundaries INCDC · FY2024$25,000
Power for AllCA · FY2024$25,000
IgniteCA · FY2024$25,000
Gallaudet UniversityDC · FY2024$25,000
Rural Development InstituteWA · FY2023$25,000
Power for AllCA · FY2023$25,000
OneskyCA · FY2023$25,000
Power for AllCA · FY2022$25,000
OneskyCA · FY2022$25,000
New Mexico Community CapitalNM · FY2022$25,000
IgniteCA · FY2022$25,000
Bard CollegeNY · FY2022$25,000
Just Community INCTX · FY2022$10,000
IgniteCA · FY2022$10,000
See all 24 grants →

By the numbers

The FY2023 990, line by line.

1The main four
Money inPt VIII
$2.3M
Ln 12
Fees for servicesLn 2g$2.2M
Investment incomeLn 3$87K
Gifts and grantsLn 1h$60K
Money outPt IX
$8.5M
Ln 25
Programscol B$7.0M
Managementcol C$1.2M
Fundraisingcol D$190K
Owns and owesPt X
$7.8M
net assets · Ln 32
Cash and savingsLn 1–2$8.5M
Total assetsLn 16$8.9M
LiabilitiesLn 26$1.1M
PeoplePt VI, VII
8
listed · VII A
PaidVII A0
Voting boardVI 1a5
IndependentVI 1b4
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$60K
Fees for servicesLn 2g$2.2M
Investment incomeLn 3$87K
Total revenueLn 12$2.3M
Assets in detailPt X, end of year
CashLn 1$8.5M
Cash and savings togetherLn 1–2$8.5M
Land, buildings, equipmentLn 10c$6K
Other assetsLn 15$0
Total assetsLn 16$8.9M
LiabilitiesLn 26$1.1M
Net assetsLn 32$7.8M
OperationsPt I, VI
EmployeesI 50
VolunteersI 6286
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY23End FY23
Cash and savingsLn 1–2$14.1M$8.5M
Land, buildings, equipmentLn 10c$19K$6K
Total assetsLn 16$14.6M$8.9M
LiabilitiesLn 26$695K$1.1M
Net assetsLn 32$13.9M$7.8M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$135K$135K
Legal feesLn 11b$16K$16K
Accounting feesLn 11c$15K$15K
Other fees for servicesLn 11g$7.5M$6.3M$1.0M$184K
Office expensesLn 13$15K$10K$5K
Information technologyLn 14$84K$84K
OccupancyLn 16$186K$160K$21K$5K
TravelLn 17$224K$204K$19K$967
Conferences, conventions and meetingsLn 19$224K$207K$17K
Depreciation, depletion and amortizationLn 22$13K$13K
InsuranceLn 23$37K$37K
Other expenses (24a–d)Ln 24$18K$15K$3K
All other expensesLn 24e$0$0$0$0
Total functional expensesLn 25$8.5M$7.0M$1.2M$190K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $12.2M$9.0M$3.2M$11.0M 990 PDF
FY2023 Viewing $2.3M$8.5M−$6.1M$7.8M 990 PDF
FY2022 $4.6M$7.7M−$3.0M$13.9M 990 PDF
FY2021 $11.1M$7.8M$3.3M$17.0M 990 PDF
FY2020 $1.6M$7.7M−$6.1M$13.7M 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 $2,343,100 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $1,991,933$60,000
I-9 Program service revenuePrior year $2,613,879$2,195,804
I-10 Investment incomePrior year $32,991$87,296
I-11 Other revenue$0
I-12 Total revenuePrior year $4,638,803$2,343,100
I-13 Grants and similar amounts paidPrior year $170,000$135,000
I-14 Benefits paid to members$0
I-15 Salaries and benefits$0
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $7,509,368$8,323,871
I-18 Total expensesPrior year $7,679,368$8,458,871
I-19 Revenue less expensesPrior year −$3,040,565−$6,115,771
Part VI · Governance 4 of 5 board members independent, 1 to look at
VI-1a Voting members of the governing body5
VI-1b Independent voting members4
VI-2 Family or business relationship among officers or directorsYes
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $2,343,100 across 6 lines filed
VIII-1d Related organizations$10,000
VIII-1f All other contributions, gifts and grants$50,000
VIII-1h Total contributions, gifts and grants$60,000
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $2,195,804$2,195,804
VIII-3 Investment incomeRelated to mission $87,296$87,296
VIII-12 Total revenueRelated to mission $2,283,100 · Unrelated business $0 · Excluded from tax $0$2,343,100
Part IX · Statement of functional expenses $8,458,871 across 13 lines filed
IX-1 Grants to domestic organizationsPrograms $135,000$135,000
IX-11b Legal feesManagement $15,633$15,633
IX-11c Accounting feesManagement $15,000$15,000
IX-11g Other fees for servicesPrograms $6,304,354 · Management $1,004,086 · Fundraising $183,720$7,492,160
IX-13 Office expensesPrograms $9,930 · Management $5,074$15,004
IX-14 Information technologyManagement $84,031$84,031
IX-16 OccupancyPrograms $159,657 · Management $20,859 · Fundraising $5,250$185,766
IX-17 TravelPrograms $204,149 · Management $19,256 · Fundraising $967$224,372
IX-19 Conferences, conventions and meetingsPrograms $207,135 · Management $17,355$224,490
IX-22 Depreciation, depletion and amortizationManagement $12,977$12,977
IX-23 InsuranceManagement $36,508$36,508
IX-24 Other expenses (24a–d)Programs $15,130 · Management $2,800$17,930
IX-24e All other expensesPrograms $0 · Management $0 · Fundraising $0$0
IX-25 Total functional expensesPrograms $7,035,355 · Management $1,233,579 · Fundraising $189,937$8,458,871
Part X · Balance sheet $8,882,516 assets, 13 lines filed
X-1 Cash, non-interest-bearingStart of year $14,121,881$8,518,480
X-4 Accounts receivableStart of year $322,000$195,909
X-9 Prepaid expenses and deferred chargesStart of year $154,698$161,638
X-10c Land, buildings and equipment, netStart of year $19,466$6,489
X-15 Other assetsStart of year $0$0
X-16 Total assetsStart of year $14,618,045$8,882,516
X-17 Accounts payable and accrued expensesStart of year $127,056$212,096
X-19 Deferred revenueStart of year $568,064$836,178
X-25 Other liabilitiesStart of year $0$27,088
X-26 Total liabilitiesStart of year $695,120$1,075,362
X-27 Net assets without donor restrictionsStart of year $13,922,925$7,807,154
X-32 Total net assets or fund balancesStart of year $13,922,925$7,807,154
X-33 Total liabilities and net assetsStart of year $14,618,045$8,882,516
Part XI · Reconciliation of net assets $7,807,154 net assets at year end
XI-1 Total revenue$2,343,100
XI-2 Total expenses$8,458,871
XI-3 Revenue less expenses−$6,115,771
XI-4 Net assets at start of year$13,922,925
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$7,807,154

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

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