Nonprofit · EIN 83-0635999
LEVERAGED FOUNDATION
Tax-exempt · COHOES, NY 12047
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990-PF | $2,003,483 | $2,065,962 | -$62,479 | $574,257 | $0 | $574,257 |
| December 31, 2023 | 990-PF | $1,751,646 | $1,376,837 | $374,809 | $636,736 | $0 | $636,736 |
Financial details: 990-PF for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $2,000,000
- Interest
- $3,483
Expenses
- Grants and similar amounts paid
- $8,980
- Compensation of officers, directors and key employees
- $0
- Salaries, compensation and benefits (total)
- $1,298,165
- Disbursements for charitable purposes
- $2,065,862
- Excise tax on investment income
- $48
Balance sheet and other
- Total assets, start of year
- $636,736
- Total assets, end of year
- $574,257
- Total liabilities, end of year
- $0
- Net assets, end of year
- $574,257
- Fair market value of assets
- $574,257
- Qualifying distributions
- $2,065,862
- Net investment income
- $3,483
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-PF for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| VANESSA BANGSER C/O AYCO 100 COLISEUM DRIVE, COHOES, NY 12047 | MANAGING DIRECTOR Highest-paid employee | 60 | $315,000 | $66,471 |
| RICHARD SEIGLER C/O AYCO 100 COLISEUM DRIVE, COHOES, NY 12047 | MANAGING DIRECTOR Highest-paid employee | 60 | $270,245 | $66,817 |
| KATHERINE GENAO C/O AYCO 100 COLISEUM DRIVE, COHOES, NY 12047 | DIRECTOR Highest-paid employee | 60 | $171,771 | $37,541 |
| JAMES DEENIHAN C/O AYCO 100 COLISEUM DRIVE, COHOES, NY 12047 | DIRECTOR Highest-paid employee | 60 | $144,375 | $10,041 |
| KATIE SMITH C/O AYCO 100 COLISEUM DRIVE, COHOES, NY 12047 | DIRECTOR Highest-paid employee | 60 | $73,583 | $12,603 |
| ALLEN THORPE C/O AYCO 100 COLISEUM DRIVE, COHOES, NY 12047 | TREASURER/SECRETARY/DIRECTOR | 0.5 | $0 | $0 |
| MEGHAN MACKAY C/O AYCO 100 COLISEUM DRIVE, COHOES, NY 12047 | EXECUTIVE DIRECTOR, PRESIDENT/DIRECTOR | 60 | $0 | $0 |
990-PF for the year ended December 31, 2023: 7 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| VANESSA BANGSER C/O AYCO 100 COLISEUM DRIVE, COHOES, NY 12047 | MANAGING DIRECTOR Highest-paid employee | 60 | $277,000 | $61,530 |
| RICHARD SEIGLER C/O AYCO 100 COLISEUM DRIVE, COHOES, NY 12047 | MANAGING DIRECTOR Highest-paid employee | 60 | $272,000 | $61,105 |
| KATHERINE GENAO C/O AYCO 100 COLISEUM DRIVE, COHOES, NY 12047 | DIRECTOR Highest-paid employee | 60 | $169,000 | $22,550 |
| BRETT ROER C/O AYCO 100 COLISEUM DRIVE, COHOES, NY 12047 | DIRECTOR OF PARTNERS Highest-paid employee | 60 | $126,910 | $10,041 |
| CAITLIN KLEIN C/O AYCO 100 COLISEUM DRIVE, COHOES, NY 12047 | DIRECTOR OF STRATEGY Highest-paid employee | 60 | $108,375 | $17,231 |
| ALLEN THORPE C/O AYCO 100 COLISEUM DRIVE, COHOES, NY 12047 | TREASURER/SECRETARY/DIRECTOR | 0.5 | $0 | $0 |
| MEGHAN MACKAY C/O AYCO 100 COLISEUM DRIVE, COHOES, NY 12047 | EXECUTIVE DIRECTOR, PRESIDENT/DIRECTOR | 60 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- CO AYCO 100 COLISEUM DRIVE, COHOES, NY 12047-0000
- In care of
- % MEGHAN MACKAY C/O AYCO
- Signed the 990-PF
- MEGHAN MACKAY, EXECUTIVE DIRECTOR
- Phone
- (212) 871-6680
- Website
- WWW.LEVERAGEDFOUNDATION.ORG
- Return prepared by
- DELOITTE TAX LLP
What it must file and when
IRS records say it files Form 990-PF. Private foundations file every year. 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 | 990-PF on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990-PF on file |
IRS record
- EIN
- 83-0635999
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Private operating foundation
- Donations deductible (Pub 78)
- Private operating foundation, 50% limit
- Exempt since
- 2019
- Accounting year ends
- December
- Files
- Form 990-PF
- Category (NTEE)
- Philanthropy, voluntarism and grantmaking foundations (T23)
- Assets (IRS master file)
- $574,257
- Income (IRS master file)
- $2,003,483
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-PF | December 2024 | $2,003,483 | $2,065,962 | $574,257 | IRS |
| 990-PF | December 2023 | $1,751,646 | $1,376,837 | $636,736 | XML |
| 990-PF | December 2022 | – | – | – | IRS |
| 990-PF | December 2021 | – | – | – | IRS |
| 990-PF | December 2020 | – | – | – | IRS |
| 990-PF | December 2018 | – | – | – | 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 83-0635999).
Questions about LEVERAGED FOUNDATION
- What is the EIN of LEVERAGED FOUNDATION?
- The employer identification number (EIN) of LEVERAGED FOUNDATION is 83-0635999.
- Is LEVERAGED FOUNDATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2019.
- Are donations to LEVERAGED FOUNDATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Private operating foundation, 50% limit).
- Which annual return does LEVERAGED FOUNDATION file?
- Form 990-PF. Private foundations file every year.
- When is the next return of LEVERAGED FOUNDATION 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 LEVERAGED FOUNDATION last file with the IRS?
- The latest return in the IRS public files is the 990-PF for the year ended December 2024.
- Who are the officers and directors of LEVERAGED FOUNDATION?
- The 990-PF for the year ended December 31, 2024 lists 7 people; 5 received compensation from the organization, the highest $315,000 (VANESSA BANGSER, MANAGING DIRECTOR).
- How much revenue does LEVERAGED FOUNDATION have?
- On its 990-PF for the year ended December 31, 2024 it reported revenue of $2,003,483, expenses of $2,065,962 and total assets of $574,257 at year end.
Other nonprofits in COHOES
- QUAD FAMILY FOUNDATION EIN 46-3835222 · last filed 990-PF for 2024
- THE JOLY FOUNDATION EIN 39-7168419 · last filed 990-PF for 2025
- BUILDING ON LOVE INC EIN 27-0524296 · last filed 990 for 2025
- BAE FAMILY FOUNDATION EIN 33-1883519 · last filed 990-PF for 2025
- FRIENDS OF THE ARTS BOOSTER CLUB EIN 99-0865393 · last filed 990-N for 2024
- LIFETIME CARDINAL COMMUNITY FUND EIN 99-3695562 · last filed 990-N for 2024
- MICHAEL AND JILL STANSKY FAMILYFOUNDATION EIN 20-5944745 · last filed 990-PF for 2025
- CAPITAL REGION GERIATRIC CENTER INC EIN 14-1701597 · last filed 990 for 2024
All nonprofits in COHOES · New York · Philanthropy, voluntarism and grantmaking foundations