Totals
- Total revenue
- $2,968,381
- Total expenses
- $2,385,601
- Contributions and grants received
- $2,949,562
- Grants paid
- $1,001,526
- Program service revenue
- $0
- Investment income
- $18,624
- Other revenue
- $195
- Total assets, end of year
- $2,622,750
- Total liabilities, end of year
- $495,825
- Net assets or fund balances, end of year
- $2,126,925
- Program services expenses (Part IX)
- $1,978,542
- Management and general expenses
- $233,380
- Fundraising expenses
- $173,679
- Program service expenses (Part III)
- $1,978,542
Program services were 82.9% 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.
-
1f · All other contributions, gifts and grants
$2,949,562
-
1g · Noncash contributions included above
$750
-
3 · Investment income
total $18,624 · excluded $18,624
-
4 · Income from investment of tax-exempt bond proceeds
total $0
-
5 · Royalties
total $0
-
6d · Net rental income or loss
total $0
-
7d · Net gain or loss
total $0
-
8c · Net income from fundraising events
total $0
-
9c · Net income from gaming
total $0
-
10c · Net income from sales of inventory
total $0
-
11a · Other revenue: Fees for Service
total $195 · excluded $195
-
11e · Other revenue, total
$195
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $1,001,526 · program services $1,001,526
-
2 · Grants to domestic individuals
total $0
-
3 · Grants to foreign organizations and individuals
total $0
-
4 · Benefits paid to or for members
total $0
-
5 · Compensation of officers, directors and key employees
total $469,843 · program services $346,944 · management and general $41,346 · fundraising $81,553
-
6 · Compensation of disqualified persons
total $0
-
7 · Other salaries and wages
total $457,774 · program services $321,953 · management and general $104,616 · fundraising $31,205
-
8 · Pension plan contributions
total $8,341 · program services $5,763 · management and general $2,043 · fundraising $535
-
9 · Other employee benefits
total $52,322 · program services $34,443 · management and general $15,641 · fundraising $2,238
-
10 · Payroll taxes
total $76,939 · program services $55,804 · management and general $12,057 · fundraising $9,078
-
11a · Fees: management
total $0
-
11b · Fees: legal
total $85 · management and general $85
-
11c · Fees: accounting
total $22,392 · management and general $22,392
-
11d · Fees: lobbying
total $15,000 · program services $15,000
-
11e · Fees: professional fundraising services
total $29,800 · fundraising $29,800
-
11f · Fees: investment management
total $0
-
11g · Fees: other
total $99,948 · program services $88,086 · management and general $9,521 · fundraising $2,341
-
12 · Advertising and promotion
total $36 · program services $36
-
13 · Office expenses
total $5,734 · program services $1,380 · management and general $2,894 · fundraising $1,460
-
14 · Information technology
total $22,516 · program services $15,741 · management and general $1,171 · fundraising $5,604
-
15 · Royalties
total $0
-
16 · Occupancy
total $88,630 · program services $68,599 · management and general $12,244 · fundraising $7,787
-
17 · Travel
total $0
-
18 · Travel or entertainment for public officials
total $0
-
19 · Conferences, conventions and meetings
total $23,277 · program services $20,710 · management and general $529 · fundraising $2,038
-
20 · Interest
total $0
-
21 · Payments to affiliates
total $0
-
22 · Depreciation, depletion and amortization
total $0
-
23 · Insurance
total $8,704 · management and general $8,704
-
24a · Other expenses: Subscription & Memberships
total $1,807 · program services $1,807
-
24b · Other expenses: In-Kind Expenses
total $750 · program services $750
-
24c · Other expenses: Licenses & Permits
total $177 · management and general $137 · fundraising $40
-
24e · All other expenses
total $0
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $1,065,727 · end of year $1,306,460
-
2 · Savings and temporary cash investments
beginning of year $31 · end of year $31
-
3 · Pledges and grants receivable
beginning of year $862,222 · end of year $1,263,742
-
4 · Accounts receivable
end of year $0
-
5 · Loans and receivables from officers and key people
end of year $0
-
6 · Loans and receivables from disqualified persons
end of year $0
-
7 · Other notes and loans receivable
end of year $0
-
8 · Inventories for sale or use
end of year $0
-
9 · Prepaid expenses and deferred charges
beginning of year $15,636 · end of year $23,611
-
10c · Land, buildings and equipment, net
end of year $0
-
11 · Investments: publicly traded securities
end of year $0
-
12 · Investments: other securities
end of year $0
-
13 · Investments: program-related
end of year $0
-
14 · Intangible assets
end of year $0
-
15 · Other assets
beginning of year $116,790 · end of year $28,906
-
17 · Accounts payable and accrued expenses
beginning of year $378,472 · end of year $458,065
-
18 · Grants payable
beginning of year $14,125
-
19 · Deferred revenue
beginning of year $9,000 · end of year $10,779
-
25 · Other liabilities
beginning of year $114,664 · end of year $26,981
-
27 · Net assets without donor restrictions
beginning of year $805,778 · end of year $1,047,825
-
28 · Net assets with donor restrictions
beginning of year $738,367 · end of year $1,079,100
Mission and programs · 2024
Mission
LEV Foundation acts to serve the interests of students and families across the State of Washington to improve education access and quality. Particularly those who have been harmed by historical and systemic inequities.
-
Grant Making/Sponsorship - LEV Foundation provides public benefit by making grants to organizations in order to advance the foundation's mission. South Shore School supports a public Pre-K to 8 in the southeast area of Seattle with enhanced funding for free Pre-K, smaller class sizes in K-2, and other enrichments to support the whole child: Mind, Body, and Spirit.
Expenses $1,103,679 · Grants $988,236
-
LEV Foundation educates communities, policymakers, and families with research-driven educational practices and policies so they can advocate for high-quality, fully funded, and equitable public education for each and every Washington State student. Through our levinars, podcasts, and other platforms, LEV Foundation participated in and amplified important discussions happenings around student supports and school funding issues, especially as it relates to student mental health, advancing educator diversity, and student discipline practices. LEV Foundation also worked with and published guest blogs written by the legislative Youth Advisory Council (LYAC) about the need for inclusive education in schools. Through our field work, we continued convening a legislative working table centered on and interrupting the school-to-prison pipeline. We will continue to prioritize and the importance of fostering safe learning environments and providing student supports.
Expenses $491,564 · Grants $715
-
LEV Foundation serves as one of the go-to resources for the general public and policymakers, including the media, legislators, state education agencies, and communities across Washington State, our research-based, community-driven policy recommendations come from deep engagement in Washington across multiple stakeholder sectors including community-based organizations, families, practitioners, and school districts. LEV Foundation worked in partnership with open doors for multicultural families, tree house, and the Arc of King County to improve student outcomes. In 2023, LEV Foundation worked toward system change in a number of ways, including engaging in advocacy with the State Office of the Superintendent of Public Instruction (OSPI) and the Washington State Board of Education (SBE) to provide more supports for students who receive special education services and to develop a statewide school climate survey.
Expenses $383,299 · Grants $12,575
As filed on the 2024 return.
Listed in Part VII
-
Arik Korman
CEO
- Total calculated
- $181,206
- From this org
- $170,286
- From related orgs
- $0
- Other
- $10,920
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $166,884
- Bonus
- not reported
- Other
- $3,402
- Deferred
- $10,920
- Nontaxable benefits
- not reported
- Filer's total
- $181,206
-
Eric Holzapel
CEO
- Total calculated
- $146,668
- From this org
- $135,781
- From related orgs
- $0
- Other
- $10,887
- Hours/week
- 40
-
Jacob Vela
CPO
- Total calculated
- $141,971
- From this org
- $131,085
- From related orgs
- $0
- Other
- $10,886
- Hours/week
- 40
-
Ben Mitchell
President
- Total calculated
- $0
- Hours/week
- 4
-
Amy Campbell
Secretary
- Total calculated
- $0
- Hours/week
- 2
-
Becky Nissen
Treasurer
- Total calculated
- $0
- Hours/week
- 2
-
Maria Zontine
Director
- Total calculated
- $0
- Hours/week
- 2
-
Alison McCartan
Director
- Total calculated
- $0
- Hours/week
- 2
-
Dan Effland
Director
- Total calculated
- $0
- Hours/week
- 2
-
Allison Leep
Director
- Total calculated
- $0
- Hours/week
- 2
-
Nicole Jenkins-Rosenkrantz
Director
- 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. 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
None.
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
-
Seattle School District
$955,774
Support for South Shore Pre K-8
-
$17,791
Support for South Shore Pre K-8
-
Truss Leadership
$9,000
Support for South Shore Pre K-8
-
$5,671
Support for South Shore Pre K-8
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.
-
Social Welfare - Influence Legislation · WA
Provenance
- Return type
- form_990
- Tax year
- 2024
- Filed
- 13 November 2025
- IRS schema version
- 2024v5.2
- Source object
- 202543179349311244
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