Nonprofit · EIN 46-4371412
LEVER FUND
Tax-exempt · WASHINGTON, DC 20015
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2023 | 990 | $67,430 | $79,563 | -$12,133 | $26,103 | $0 | $26,103 |
Financial details: 990 for the year ended December 31, 2023
Revenue
- Contributions, gifts and grants
- $67,417
- Program service revenue
- $0
- Investment income
- $13
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $20,000
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Accounting fees
- $3,342
- Program services (functional)
- $25,957
- Management and general (functional)
- $5,957
- Fundraising (functional)
- $47,649
Balance sheet and other
- Total assets, start of year
- $48,363
- Total assets, end of year
- $26,103
- Total liabilities, end of year
- $0
- Net assets, end of year
- $26,103
- Publicly traded securities
- $7,944
- Gross receipts
- $67,430
- Employees
- 0
- Volunteers
- 0
- Year formed
- 2013
- State of legal domicile
- DC
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2023, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| NATHANIEL PEARLMAN | FOUNDER Trustee or director, Officer | 0.1 | $0 |
| CONNIE K N CHANG | BOARD CHAIR & TREASURER Trustee or director | 5 | $0 |
| MATT CLYNE | BOARD MEMBER Trustee or director | 0.5 | $0 |
| HARLEY RADIN | BOARD MEMBER Trustee or director | 0.5 | $0 |
| HANNFRIED VON HINDENBERG | BOARD MEMBER Trustee or director | 0.5 | $0 |
Address and contacts
- Address (IRS master file)
- 5440 NEVADA AVE NW, WASHINGTON, DC 20015-1780
- In care of
- % NATHANIEL PEARLMAN
- Principal officer (990 for 2023)
- CONNIE CHANG, 5440 NEVADA AVE NW, WASHINGTON, DC 20015
- Signed the 990
- CONNIE CHANG, TREASURER
- Phone
- (202) 491-3356
- Website
- WWW.LEVERFUND.ORG
- Return prepared by
- ROSE FINANCIAL SOLUTIONS LLC
Mission
THE LEVER FUND WAS FORMED WITH THE MISSION TO RAISE MORE LOCAL POVERTY-FIGHTING DOLLARS AND TO SPEND THEM IN A SMARTER, DATA-DRIVEN WAY.THE LEVER FUND MODEL IS INSPIRED BY SUCCESSFUL ORGANIZATIONS SUCH AS THE ROBIN HOOD FOUNDATION (NEW YORK CITY, NY), A BETTER CHICAGO (CHICAGO, IL), AND TIPPING POINT (SAN FRANCISCO, CA). LIKE THESE INNOVATIVE NONPROFIT FUNDERS, THE LEVER FUND APPLIES SOUND METRICS, EMPHASIZES GENUINE IMPACT, AND IS COMMITTED TO PRODUCING SOLID RETURNS ON INVESTMENT WITH THE GOAL OF MOVING PEOPLE FROM POVERTY TO OPPORTUNITY--WHILE KEEPING INVESTORS INFORMED EVERY STEP OF THE WAY.
Program accomplishments
- RAISE LOCAL POVERTY-FIGHTING DOLLARS AND MAKE INVESTMENTS/GRANTS IN HIGH-PERFORMANCE, HIGH-IMPACT NONPROFITS IN NORTHERN VIRGINIA, THE DISTRICT, AND MARYLAND.Expenses $25,957 · grants $20,000
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | Not on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 46-4371412
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2014
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Human services (P99)
- Assets (IRS master file)
- $26,103
- Income (IRS master file)
- $67,430
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2023 | $67,430 | $79,563 | $26,103 | XML |
| 990 | December 2022 | $107,593 | $80,916 | $48,363 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
| 990 | December 2017 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 46-4371412).
Questions about LEVER FUND
- What is the EIN of LEVER FUND?
- The employer identification number (EIN) of LEVER FUND is 46-4371412.
- Is LEVER FUND tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2014.
- Are donations to LEVER FUND tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does LEVER FUND file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of LEVER FUND due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did LEVER FUND last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2023.
- Who is the principal officer of LEVER FUND?
- The 990 for the year ended December 31, 2023 names CONNIE CHANG.
- Who are the officers and directors of LEVER FUND?
- The 990 for the year ended December 31, 2023 lists 5 people; 0 received compensation from the organization.
- How much revenue does LEVER FUND have?
- On its 990 for the year ended December 31, 2023 it reported revenue of $67,430, expenses of $79,563 and total assets of $26,103 at year end.
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