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Nonprofiteer
← LEONA TATE FOUNDATION FOR CHANGE INC

Form 990 for tax year 2024

Filed by LEONA TATE FOUNDATION FOR CHANGE INC.

Totals

Total revenue
$508,099
Total expenses
$720,959
Contributions and grants received
$400,773
Grants paid
$0
Program service revenue
$0
Investment income
$0
Other revenue
$107,326
Total assets, end of year
$5,293,207
Total liabilities, end of year
$2,590,428
Net assets or fund balances, end of year
$2,702,779
Program services expenses (Part IX)
$344,623
Management and general expenses
$267,900
Fundraising expenses
$108,436
Program service expenses (Part III)
$344,623

Program services were 47.8% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1a · Federated campaigns

    $0

  • 1b · Membership dues

    $1,510

  • 1c · Fundraising events

    $0

  • 1d · Related organizations

    $0

  • 1e · Government grants (contributions)

    $0

  • 1f · All other contributions, gifts and grants

    $399,263

  • 1g · Noncash contributions included above

    $0

  • 6c · Rental income or loss

    real property $0 · personal property $0

  • 7c · Gain or loss

    securities $0 · other assets $0

  • 8a · Fundraising events: contributions included on line 1c

    $0

  • 11d · All other revenue

    total $107,326 · related or exempt $107,326 · unrelated business $0 · excluded $0

  • 11e · Other revenue, total

    $107,326

Functional expenses

Part IX, the statement of functional expenses.

  • 6 · Compensation of disqualified persons

    total $70,000 · program services $3,150 · management and general $60,135 · fundraising $6,715

  • 7 · Other salaries and wages

    total $75,945 · program services $3,418 · management and general $65,242 · fundraising $7,285

  • 10 · Payroll taxes

    total $11,158 · program services $502 · management and general $9,585 · fundraising $1,071

  • 11a · Fees: management

    total $64,509 · program services $35,000 · management and general $15,509 · fundraising $14,000

  • 11c · Fees: accounting

    total $43,200 · program services $43,200

  • 11g · Fees: other

    total $46,850 · program services $17,319 · management and general $13,114 · fundraising $16,417

  • 13 · Office expenses

    total $5,725 · program services $5,725

  • 14 · Information technology

    total $1,287 · program services $1,287

  • 17 · Travel

    total $4,258 · program services $896 · management and general $3,362 · fundraising $0

  • 20 · Interest

    total $19,875 · program services $19,875

  • 22 · Depreciation, depletion and amortization

    total $302 · program services $302

  • 23 · Insurance

    total $8,536 · program services $4,842 · management and general $3,694

  • 24a · Other expenses: Lease Amortization Expense

    total $61,827 · program services $61,827 · management and general $0 · fundraising $0

  • 24b · Other expenses: CAM Expense

    total $83,715 · program services $83,715 · management and general $0 · fundraising $0

  • 24c · Other expenses: GALA Expenses

    total $43,011 · program services $0 · management and general $0 · fundraising $43,011

  • 24d · Other expenses: Event Expenses

    total $90,972 · program services $25,000 · management and general $65,972 · fundraising $0

  • 24e · All other expenses

    total $89,789 · program services $38,565 · management and general $31,287 · fundraising $19,937

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $68,208 · end of year $2,025

  • 2 · Savings and temporary cash investments

    beginning of year $0 · end of year $0

  • 3 · Pledges and grants receivable

    beginning of year $0 · end of year $36,699

  • 4 · Accounts receivable

    beginning of year $4,037 · end of year $0

  • 5 · Loans and receivables from officers and key people

    beginning of year $0 · end of year $20,000

  • 6 · Loans and receivables from disqualified persons

    beginning of year $0 · end of year $0

  • 7 · Other notes and loans receivable

    beginning of year $0

  • 8 · Inventories for sale or use

    beginning of year $0 · end of year $0

  • 9 · Prepaid expenses and deferred charges

    beginning of year $977 · end of year $6,493

  • 10a · Land, buildings and equipment: cost or other basis

    $1,512

  • 10b · Land, buildings and equipment: accumulated depreciation

    $807

  • 10c · Land, buildings and equipment, net

    beginning of year $1,008 · end of year $705

  • 11 · Investments: publicly traded securities

    beginning of year $0 · end of year $0

  • 12 · Investments: other securities

    beginning of year $0 · end of year $0

  • 13 · Investments: program-related

    beginning of year $0 · end of year $0

  • 14 · Intangible assets

    beginning of year $0 · end of year $0

  • 15 · Other assets

    beginning of year $3,981,134 · end of year $5,227,285

  • 17 · Accounts payable and accrued expenses

    beginning of year $99,183 · end of year $145,621

  • 18 · Grants payable

    beginning of year $0 · end of year $0

  • 19 · Deferred revenue

    beginning of year $0 · end of year $0

  • 20 · Tax-exempt bond liabilities

    beginning of year $0 · end of year $0

  • 21 · Escrow or custodial account liability

    beginning of year $0 · end of year $0

  • 22 · Loans and payables to officers and key people

    beginning of year $0 · end of year $0

  • 23 · Secured mortgages and notes payable

    beginning of year $2,000,000 · end of year $2,150,000

  • 24 · Unsecured notes and loans payable

    beginning of year $0 · end of year $0

  • 25 · Other liabilities

    beginning of year $347,434 · end of year $294,807

  • 27 · Net assets without donor restrictions

    beginning of year $1,439,076 · end of year $1,068,313

  • 28 · Net assets with donor restrictions

    beginning of year $169,671 · end of year $1,634,466

Mission and programs · 2024

Mission

THE LEONA TATE FOUNDATION'S MISSION IS TO PROMOTE, IMPROVE, AND ENHANCE RACIAL EQUALITY THROUGH VARIOUS AVENUES OF EDUCATION. TO EMPOWER AND ENRICH OUR COMMUNITIES FROM A SPIRITUAL, MULTICULTURAL, ECONOMICAL, HISTORICAL, AND SOCIAL PERSPECTIVE.

  • TEP Tours Description of the accomplishments - In 2024, the LTFC staff welcomed 737 adults to the TEP Center, participating in a Tour of the former McDonogh 19 Elementary School (current TEP Interpretive Center), including the principal's office, the McDonogh 3's 1st grade classroom, historical markers, the LA Civil Rights Train marker, and the newly installed B. Mike mural. Measurements- 737 adults toured the TEP Center in 2024NEW - Three new part-time docents were hired/trained in 2024. This addition to our staff enabled us to welcome hundreds of additional adults to the TEP center in 2024. Narrative - Visitors step into the time/place of desegregation, experiencing desegregation history & seeing themselves inside history.

    Expenses $157,275

  • Withheld by Nonprofiteer: this text may name a private individual.

    Expenses $92,414

  • TEP Talk Description of the Accomplishments - Through the publication of 4 different TEP Talk programs, LTFC has reached over 300 people with unique discussions connecting the Civil Rights Movement to current Social Justice concerns. Measurements - LTFC welcomed 25 people to participate in TEP Center TEP Talks in 2024. NEW - The TEP Center Program Director included an annual TEP Talk as a part of the Anniversary Week Activities, celebrating a different aspect of the Civil Rights Movement & tying it into current events. Narrative - TEP Talks is a forum highlighting untold stories of the Civil Rights Movement in NOLA, connecting them to present justice issues.

    Expenses $2,520

  • Ringing the Bell Description of the Accomplishments -As a part of the first Ringing the Bell cohort, Frederick Douglass Teachers & LTFC program director worked on a lesson to be taught to the entire student body. The lesson built upon New Orleans history, connecting Mardi Gras history & tradition to the larger New Orleans society. The lesson that was created touched on the history of desegregation in the Krewes, the history of Mardi Gras celebrations in general and what is the impact of parading through communities. Ultimately this lesson was taught to nearly 700 high school aged students. Measurements - 700 students, 6 teachers and 2 administrators participated in the Ringing the Bell Program in the Fall of 2024. Narrative - "Ringing the Bell" is a professional development program for teachers, instructing them on best practices for including civil rights lessons into their core curriculum. The goal is to undo racist educational systems, increase teacher retention & experience growth in student outcomes.

    Expenses $92,414

As filed on the 2024 return. A text marked withheld matched a screen for wording that may name a private individual, such as an honorific or "in memory of". Most of what it withholds names no one; it is withheld so that what does is never shown.

Listed in Part VII

  • Leona Tate

    EXECUTIVE DIRECTOR

    Total calculated
    $70,000
    From this org
    $70,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    0

  • Sarah Bruzzi

    Secretary

    Total calculated
    $0
    Hours/week
    0

  • Willie Calhoun

    Member

    Total calculated
    $0
    Hours/week
    0

  • Alyssa Conti

    Member

    Total calculated
    $0
    Hours/week
    0

  • Rebecca Cooper

    Member

    Total calculated
    $0
    Hours/week
    0

  • Caroline Heldman

    Board President

    Total calculated
    $0
    Hours/week
    0

  • Arthur Johnson

    Member

    Total calculated
    $0
    Hours/week
    0

  • Kathleen Payadue

    Member

    Total calculated
    $0
    Hours/week
    0

  • Bette Perez

    Member

    Total calculated
    $0
    Hours/week
    0

  • Brad Phillipson

    Treasurer

    Total calculated
    $0
    Hours/week
    0

  • Cynthia Guillemet

    Member

    Total calculated
    $0
    Hours/week
    0

  • Ti Martin

    Member

    Total calculated
    $0
    Hours/week
    0

  • Leon Waters

    Member

    Total calculated
    $0
    Hours/week
    0

  • Sybil Reed

    Board Vice President

    Total calculated
    $0
    Hours/week
    0

  • Otis Tucker

    Member

    Total calculated
    $0
    Hours/week
    0

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.

Grants on this return

No itemized grants to organizations on this return.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

  • TEP Leverage Lender

    Real Estate · LA

    Directly controlled by Leona Tate Foundation

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Disregarded entities

Part I: entities that legally are the filer and file no return of their own.

  • TEP LEVERAGE LENDER

    REAL ESTATE · LA · income $97,593 · assets $2,196,636

    Directly controlled by Leona Tate Foundation

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

  • TEP Manager LLC

    C · Home Owners Association · LA · 100% owned · share of income $0 · share of assets $0

Provenance

Return type
form_990
Tax year
2024
Filed
23 October 2025
IRS schema version
2024v5.0
Source object
202503149349305705

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