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← LEVER FOUNDATION INC

Form 990 for tax year 2024

Filed by LEVER FOUNDATION INC.

This return was superseded by a later amendment. matched by us It is kept because history is preserved rather than replaced.

What the amendment changed

Compared with the latest return for 2024 , filed 24 October 2025. matched by us Only the return's totals, a 990-PF's accounting method and the names listed in Part VII (Part VIII on a 990-PF) are compared. We relate returns by organization, tax year and form, and order them by each return's own timestamp; the filer's own "amended return" checkbox is a separate fact.

Those are the same on the two returns, so the amendment changed something else.

Totals

Total revenue
$2,255,256
Total expenses
$2,127,072
Contributions and grants received
$1,959,338
Grants paid
$1,133,000
Program service revenue
$0
Investment income
$295,065
Other revenue
$853
Total assets, end of year
$3,045,993
Total liabilities, end of year
$2,892
Net assets or fund balances, end of year
$3,043,101
Program services expenses (Part IX)
$2,100,322
Management and general expenses
$17,416
Fundraising expenses
$9,334
Program service expenses (Part III)
$2,100,322

Program services were 98.7% 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

    $1,959,338

  • 1g · Noncash contributions included above

    $50,125

  • 3 · Investment income

    total $295,065 · related or exempt $295,065 · unrelated business $0 · excluded $0

  • 4 · Income from investment of tax-exempt bond proceeds

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 5 · Royalties

    total $0 · related or exempt $0 · unrelated business $0 · excluded $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 $853 · related or exempt $853 · unrelated business $0 · excluded $0

  • 11e · Other revenue, total

    $853

Functional expenses

Part IX, the statement of functional expenses.

  • 3 · Grants to foreign organizations and individuals

    total $1,133,000 · program services $1,133,000

  • 11a · Fees: management

    total $6,869 · program services $0 · management and general $6,869 · fundraising $0

  • 11b · Fees: legal

    total $155 · program services $0 · management and general $155 · fundraising $0

  • 11c · Fees: accounting

    total $5,613 · program services $0 · management and general $5,613 · fundraising $0

  • 11g · Fees: other

    total $896,586 · program services $896,586 · management and general $0 · fundraising $0

  • 12 · Advertising and promotion

    total $39,796 · program services $39,530 · management and general $0 · fundraising $266

  • 13 · Office expenses

    total $1,187 · program services $0 · management and general $802 · fundraising $385

  • 14 · Information technology

    total $27,839 · program services $27,839 · management and general $0 · fundraising $0

  • 16 · Occupancy

    total $393 · program services $0 · management and general $393 · fundraising $0

  • 17 · Travel

    total $11,490 · program services $2,807 · management and general $0 · fundraising $8,683

  • 19 · Conferences, conventions and meetings

    total $350 · program services $350 · management and general $0 · fundraising $0

  • 24e · All other expenses

    total $3,794 · program services $210 · management and general $3,584 · fundraising $0

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $145,390 · end of year $154,908

  • 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 $0 · end of year $640

  • 5 · Loans and receivables from officers and key people

    beginning of year $0 · 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 $0 · end of year $0

  • 9 · Prepaid expenses and deferred charges

    beginning of year $0 · end of year $0

  • 11 · Investments: publicly traded securities

    beginning of year $2,582,209 · end of year $2,700,445

  • 12 · Investments: other securities

    beginning of year $0 · end of year $0

  • 13 · Investments: program-related

    beginning of year $190,000 · end of year $190,000

  • 14 · Intangible assets

    beginning of year $0 · end of year $0

  • 15 · Other assets

    beginning of year $0 · end of year $0

  • 17 · Accounts payable and accrued expenses

    beginning of year $2,682 · end of year $2,892

  • 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 $0 · end of year $0

  • 24 · Unsecured notes and loans payable

    beginning of year $0 · end of year $0

  • 25 · Other liabilities

    beginning of year $0

  • 29 · Capital stock, trust principal or current funds

    beginning of year $2,914,917 · end of year $3,043,101

  • 30 · Paid-in or capital surplus, or land, building or equipment fund

    beginning of year $0 · end of year $0

  • 31 · Retained earnings, endowment or other funds

    beginning of year $0 · end of year $0

Mission and programs · 2024

Mission

The mission of The Lever Foundation is to promote a sustainable, humane and healthy food system.

  • Lever Foundation worked with food companies and food producers to motivate and help them improve the environmental sustainability, animal welfare, and public health impacts of their food procurement and production practices. Lever Foundation focused the majority of its efforts in these areas on achieving policy and production practice changes in Asia. Note: expenses are a rounded approximation, as many program expenses span more than one program area.

    Expenses $852,000

  • Lever Foundation worked to educate the public to promote the idea of, and provide resources to support for, making more sustainable, humane and healthy personal food choices. Lever Foundation focused the majority of its efforts in these areas on educating and supporting the public in Asia on this topic. Note: expenses are a rounded approximation, as many program expenses span more than one program area.

    Expenses $115,322

  • Lever Foundation maintains a grant program in which restricted donations made to the Foundation are granted to entities in other countries doing work to advance sustainable, humane and healthy food systems. In 2024, Lever Foundation received restricted grants totaling $1,133,000 to provide grant funding to a charitable entity in Ireland that shares the charitable mission of Lever Foundation in carrying out work to promote sustainable, humane and healthy food systems.

    Expenses $1,133,000 · Grants $1,133,000

As filed on the 2024 return.

Listed in Part VII

  • Kai Yi Carrie Chan

    Director

    Total calculated
    $0
    Hours/week
    1

  • Nick Cooney

    Director

    Total calculated
    $0
    Hours/week
    20

  • Brian Ottens

    Director

    Total calculated
    $0
    Hours/week
    1

  • Yaqi Gao Grover

    Director

    Total calculated
    $0
    Hours/week
    1

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.

Provenance

Return type
form_990
Tax year
2024
Filed
24 October 2025
IRS schema version
2024v5.0
Source object
202543219349307129

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