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← LSE FOUNDATION

Form 990 for tax year 2022

Filed by LSE FOUNDATION.

Totals

Total revenue
$1,755,766
Total expenses
$2,512,084
Contributions and grants received
$1,302,122
Grants paid
$2,107,614
Program service revenue
$0
Investment income
$0
Other revenue
$453,644
Total assets, end of year
$7,447,477
Total liabilities, end of year
$126,406
Net assets or fund balances, end of year
$7,321,071
Program services expenses (Part IX)
$2,266,892
Management and general expenses
$245,192
Fundraising expenses
$0
Program service expenses (Part III)
$2,266,892

Program services were 90.2% 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.

  • 1d · Related organizations

    $1,037,635

  • 1f · All other contributions, gifts and grants

    $264,487

  • 11a · Other revenue: EXCHANGE RATE VARIANCE

    total $453,344 · excluded $453,344

  • 11b · Other revenue: OTHER

    total $300 · excluded $300

  • 11e · Other revenue, total

    $453,644

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $579,690 · program services $579,690

  • 3 · Grants to foreign organizations and individuals

    total $1,527,924 · program services $1,527,924

  • 5 · Compensation of officers, directors and key employees

    total $159,856 · program services $62,950 · management and general $96,906

  • 7 · Other salaries and wages

    total $98,913 · program services $38,952 · management and general $59,961

  • 8 · Pension plan contributions

    total $4,955 · program services $1,951 · management and general $3,004

  • 9 · Other employee benefits

    total $22,754 · program services $8,960 · management and general $13,794

  • 10 · Payroll taxes

    total $16,404 · program services $6,460 · management and general $9,944

  • 11c · Fees: accounting

    total $9,967 · program services $3,925 · management and general $6,042

  • 13 · Office expenses

    total $7,816 · program services $3,078 · management and general $4,738

  • 17 · Travel

    total $56,492 · program services $22,246 · management and general $34,246

  • 22 · Depreciation, depletion and amortization

    total $711 · program services $280 · management and general $431

  • 23 · Insurance

    total $4,045 · program services $1,593 · management and general $2,452

  • 24a · Other expenses: EVENT EXPENSE

    total $22,557 · program services $8,883 · management and general $13,674

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $73,538 · end of year $63,665

  • 3 · Pledges and grants receivable

    beginning of year $966,431 · end of year $1,037,635

  • 4 · Accounts receivable

    beginning of year $7,041,436 · end of year $6,231,382

  • 9 · Prepaid expenses and deferred charges

    beginning of year $6,063 · end of year $10,052

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

    $8,121

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

    $3,371

  • 10c · Land, buildings and equipment, net

    beginning of year $6,373 · end of year $4,750

  • 15 · Other assets

    beginning of year $7,371 · end of year $99,993

  • 17 · Accounts payable and accrued expenses

    beginning of year $23,823 · end of year $34,521

  • 25 · Other liabilities

    beginning of year $0 · end of year $91,885

  • 28 · Net assets with donor restrictions

    beginning of year $8,077,389 · end of year $7,321,071

Mission and programs · 2022

Mission

THE LSE FOUNDATION IS DEDICATED TO INFORMING NORTH AMERICAN FOUNDATIONS ABOUT LSE ACADEMIC PRIORITIES AND APPLYING FOR GRANTS IN SUPPORT OF THEM.

Activities or mission (Part I)

THE LSE FOUNDATION ("THE FOUNDATION") IS DEDICATED TO INFORMING NORTH AMERICAN FOUNDATIONS ABOUT LSE ACADEMIC PRIORITIES AND APPLYING FOR GRANTS IN SUPPORT OF THEM.

  • LSE FOUNDATION RECEIVES AN ANNUAL BUDGET FROM THE LONDON SCHOOL OF ECONOMICS AND POLITICAL SCIENCE (LSE). THIS IS A CONSISTENT SOURCE OF LSE FOUNDATION'S INCOME WHICH IS USED TO COVER ALL OPERATING EXPENDITURE EACH YEAR. LSE FOUNDATION RAISES PLEDGES AND DONATIONS FROM SUPPORTERS OF LSE (USUALLY CHARITABLE FOUNDATIONS). THESE ARE PASSED VIA LSE FOUNDATION TO LSE. PLEDGES ARE DISCOUNTED EACH YEAR END, AND PLEDGES MADE IN GBP ARE REVALUED TO USD USING THE YEAR END EXCHANGE RATE.

    Expenses $1,687,202 · Grants $1,527,924

  • A PORTION OF CERTAIN EXPENSES INCURRED BY LSE FOUNDATION IS FOR THE BENEFIT OF THE AMERICAN FUND FOR LSE. THESE AMOUNTS ARE ALLOCATED AS CONTRIBUTED SERVICES TO THE AMERICAN FUND FOR LSE, INCLUDING OPERATING EXPENDITURE SUCH AS RENT AND STAFF COSTS. THE AMERICAN FUND FOR LSE EXISTS TO RAISE SUPPORT AND AWARENESS OF LSE'S MISSION WITH PRIVATE DONORS IN THE US AND PASS PLEDGES AND DONATIONS TO LSE.

    Expenses $579,690 · Grants $579,690

As filed on the 2022 return.

Listed in Part VII

  • Ms Louise Nadal

    CHAIR & BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0 + 40 related

  • Ms Sophie Hutchinson

    SECRETARY & BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0 + 40 related

  • Mr Andrew Young

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0 + 40 related

  • Mr Mike Ferguson

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0 + 40 related

  • Mr Christopher Blake

    BUSINESS MANAGER

    Total calculated
    $151,365
    From this org
    $116,785
    From related orgs
    $0
    Other
    $34,580
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $116,785
    Bonus
    $0
    Other
    $0
    Deferred
    $5,842
    Nontaxable benefits
    $28,738
    Filer's total
    $151,365

  • Mr Neal Thomson

    TREASURER & BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0 + 40 related

  • Ms Malina Szreter

    DEPUTY DIR OF OPERATIONS-PHILANTHROPY & GLO

    Total calculated
    $0
    Hours/week
    0 + 40 related

  • Ms Alice Singer

    GROUP FINANCIAL ACCOUNTANT

    Total calculated
    $0
    Hours/week
    0 + 40 related

  • Ms Jill Slattery

    DIR-PRINCIPAL GIFTS FOR AMERICAS

    Total calculated
    $201,521
    From this org
    $182,886
    From related orgs
    $0
    Other
    $18,635
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $182,886
    Bonus
    $0
    Other
    $0
    Deferred
    $9,144
    Nontaxable benefits
    $9,491
    Filer's total
    $201,521

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. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 3 · Compensation committee
  • 3 · Independent compensation consultant
  • 3 · Form 990 of other organizations
  • 3 · Approval by the board or compensation committee

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants 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.

  • LONDON SCHOOL OF ECONOMICS

    FOREIGN · EDUCATION · UK

Provenance

Return type
form_990
Tax year
2022
Filed
22 February 2024
IRS schema version
2022v5.0
Source object
202430599349301413

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