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Nonprofiteer
← LEONA TATE FOUNDATION FOR CHANGE INC

Form 990 for tax year 2023

Filed by LEONA TATE FOUNDATION FOR CHANGE INC.

Totals

Total revenue
$319,051
Total expenses
$623,828
Contributions and grants received
$239,479
Grants paid
$0
Program service revenue
$0
Investment income
$0
Other revenue
$79,572
Total assets, end of year
$4,055,364
Total liabilities, end of year
$2,446,617
Net assets or fund balances, end of year
$1,608,747
Program services expenses (Part IX)
$299,856
Management and general expenses
$279,737
Fundraising expenses
$44,235
Program service expenses (Part III)
$299,856

Program services were 48.1% 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

    $0

  • 1c · Fundraising events

    $0

  • 1d · Related organizations

    $0

  • 1e · Government grants (contributions)

    $0

  • 1f · All other contributions, gifts and grants

    $239,479

  • 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 $79,572 · related or exempt $79,572 · unrelated business $0 · excluded $0

  • 11e · Other revenue, total

    $79,572

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $70,000 · program services $56,000 · management and general $14,000 · fundraising $0

  • 7 · Other salaries and wages

    total $85,532 · program services $69,000 · management and general $16,532

  • 10 · Payroll taxes

    total $11,898 · program services $9,562 · management and general $2,336 · fundraising $0

  • 11c · Fees: accounting

    total $56,163 · program services $18,769 · management and general $37,394 · fundraising $0

  • 11g · Fees: other

    total $42,709 · program services $15,661 · management and general $12,848 · fundraising $14,200

  • 12 · Advertising and promotion

    total $34,069 · program services $0 · management and general $27,255 · fundraising $6,814

  • 13 · Office expenses

    total $5,459 · program services $898 · management and general $4,561 · fundraising $0

  • 14 · Information technology

    total $1,438 · program services $0 · management and general $1,438 · fundraising $0

  • 16 · Occupancy

    total $147,630 · program services $73,815 · management and general $73,815 · fundraising $0

  • 17 · Travel

    total $5,271 · program services $2,597 · management and general $2,674 · fundraising $0

  • 22 · Depreciation, depletion and amortization

    total $304 · program services $0 · management and general $304 · fundraising $0

  • 23 · Insurance

    total $4,278 · program services $0 · management and general $4,278 · fundraising $0

  • 24a · Other expenses: Security

    total $88,002 · program services $35,201 · management and general $52,801 · fundraising $0

  • 24b · Other expenses: Gala Expenses

    total $23,046 · program services $0 · management and general $0 · fundraising $23,046

  • 24c · Other expenses: Program Supplies and Materials

    total $13,214 · program services $11,762 · management and general $1,452 · fundraising $0

  • 24d · Other expenses: Equipment rental

    total $11,556 · program services $3,322 · management and general $8,234 · fundraising $0

  • 24e · All other expenses

    total $23,259 · program services $3,269 · management and general $19,815 · fundraising $175

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $1,168,893 · end of year $68,208

  • 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 $0

  • 4 · Accounts receivable

    beginning of year $3,907 · end of year $4,037

  • 5 · Loans and receivables from officers and key people

    beginning of year $13,694,677 · end of year $0

  • 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 · end of year $0

  • 8 · Inventories for sale or use

    beginning of year $1,147 · end of year $0

  • 9 · Prepaid expenses and deferred charges

    beginning of year $0 · end of year $977

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

    $1,512

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

    $504

  • 10c · Land, buildings and equipment, net

    beginning of year $1,200,376 · end of year $1,008

  • 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 $7,077,735 · end of year $3,981,134

  • 17 · Accounts payable and accrued expenses

    beginning of year $60,724 · end of year $99,183

  • 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 $740,000 · end of year $0

  • 23 · Secured mortgages and notes payable

    beginning of year $0 · end of year $0

  • 24 · Unsecured notes and loans payable

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

  • 25 · Other liabilities

    beginning of year $16,868,162 · end of year $347,434

  • 27 · Net assets without donor restrictions

    beginning of year $437,065 · end of year $1,439,076

  • 28 · Net assets with donor restrictions

    beginning of year $3,040,784 · end of year $169,671

Mission and programs · 2023

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 Interpretive Exhibitions: The TEP Interpretive Center immerses visitors in the time and place of the McDonogh 3 by encouraging visitors to "walk in the shoes" of these young ladies as they go from their homes to their first day of school. In 2023, we welcomed approximately 1,500 people to the Center and in 2024 already, we have welcomed nearly 3,000 visitors of all ages. Storyteller Experience: The LTFC Storytellers Experience invites students and classes from around New Orleans to travel to the TEP Center in order to walk in McDonogh 3's shoes in the interpretive center, participate in anti-racism conversations, and sit in a space designed to allow them to see themselves in this history while deciding how it impacts them moving forward. Since its opening, the TEP Center has welcomed 20+ schools, 2000+ students and teachers to walk in the shoes of desegregation history. Ringing the Bell for Civil Rights Education: "Ringing the Bell" is a professional development program for teachers, instructing them on best practices for including civil rights lessons into their core curriculum standards. The goal of this professional development is to undo racist educational systems, increase teacher retention, and experience growth in student educational outcomes. This program kicked off in January 2024 with a cohort of 3 schools. We intend to double these numbers in 2025. TEP Talks Series: The TEP Talk Series is a forum highlighting untold stories of the Civil Rights Movement in New Orleans and connecting them to present social justice issues, including reproductive justice, Black History is American History, gender equity, healthcare access, and so many more. So far, approximately 250 people have participated in these Talks. "Courageous Steps - Bridging the Divide For Equality" production: LTFC is bringing this unique production to New Orleans in November 2024. It serves as a tribute to the Brown vs Board of Education decision & pays homage to the brave families who took up this mantle to desegregate public schools. The TEP Center seeks to welcome over 1,000 students to experience this history through the performance for FREE.

    Expenses $299,856

As filed on the 2023 return.

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
    50

  • Sarah Bruzzi

    Secretary

    Total calculated
    $0
    Hours/week
    2

  • Willie Calhoun

    Member

    Total calculated
    $0
    Hours/week
    2

  • Alyssa Conti

    Member

    Total calculated
    $0
    Hours/week
    2

  • Rebecca Cooper

    Member

    Total calculated
    $0
    Hours/week
    2

  • Caroline Heldman

    Board President

    Total calculated
    $0
    Hours/week
    2

  • Arthur Johnson

    Member

    Total calculated
    $0
    Hours/week
    2

  • Kathleen Payadue

    Member

    Total calculated
    $0
    Hours/week
    2

  • Bette Perez

    Member

    Total calculated
    $0
    Hours/week
    2

  • Brad Phillipson

    Treasurer

    Total calculated
    $0
    Hours/week
    2

  • Cynthia Guillemet

    Member

    Total calculated
    $0
    Hours/week
    2

  • Ti Martin

    Member

    Total calculated
    $0
    Hours/week
    2

  • Leon Waters

    Member

    Total calculated
    $0
    Hours/week
    2

  • Sybil Reed

    Board Vice President

    Total calculated
    $0
    Hours/week
    2

  • Otis Tucker

    Member

    Total calculated
    $0
    Hours/week
    2

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 $7,549,174

    Directly controlled by Leona Tate Foundation

Provenance

Return type
form_990
Tax year
2023
Filed
6 November 2024
IRS schema version
2023v5.0
Source object
202443209349307514

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