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← LQ FOUNDATION

Form 990 for tax year 2024

Filed by LQ FOUNDATION.

Totals

Total revenue
$1,320,000
Total expenses
$1,326,746
Contributions and grants received
$975,000
Grants paid
$970,782
Program service revenue
$345,000
Investment income
$0
Other revenue
$0
Total assets, end of year
$206,105
Total liabilities, end of year
$61,000
Net assets or fund balances, end of year
$145,105
Program services expenses (Part IX)
$1,298,532
Management and general expenses
$26,882
Fundraising expenses
$1,332
Program service expenses (Part III)
$1,298,532

Program services were 97.9% 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

    $975,000

  • 2a · Program service revenue: CONSULTING - BEZOS

    total $345,000 · related or exempt $345,000

Functional expenses

Part IX, the statement of functional expenses.

  • 3 · Grants to foreign organizations and individuals

    total $970,782 · program services $970,782

  • 5 · Compensation of officers, directors and key employees

    total $11,525 · management and general $11,525

  • 11c · Fees: accounting

    total $14,025 · management and general $14,025

  • 11g · Fees: other

    total $327,750 · program services $327,750

  • 13 · Office expenses

    total $214 · management and general $107 · fundraising $107

  • 14 · Information technology

    total $2,450 · management and general $1,225 · fundraising $1,225

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $160,351 · end of year $176,105

  • 4 · Accounts receivable

    beginning of year $30,000 · end of year $30,000

  • 17 · Accounts payable and accrued expenses

    beginning of year $38,500 · end of year $61,000

  • 29 · Capital stock, trust principal or current funds

    beginning of year $0 · end of year $0

  • 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 $151,851 · end of year $145,105

Mission and programs · 2024

Mission

THROUGH GRANT-MAKING AND PRO-BONO LEADERSHIP TRAINING, WE DEVELOP STRONG COMMUNITY LEADERS AROUND THE GLOBE WHO ARE COMMITTED TO: (1) SUPPORTING COLLABORATIVE ACTION TO ADDRESS CLIMATE CHANGE, (2) ALLEVIATING POVERTY AND CREATING SOCIAL MOBILITY FOR SOCIALLY AND ECONOMICALLY DISADVANTAGED COMMUNITIES, (3) PROMOTING SUSTAINABLE SOLUTIONS FOR ECONOMIC GROWTH, AND (4) ADVANCING EDUCATION.

  • GRANTS MADE, MAINLY TO COUNT US IN FOR EARTH FC, A CAMPAIGN IN THE RUN UP TO COP 30 IN BRAZIL TO ENCOURAGE FANS, PLAYERS, CLUBS AND GOVERNMENTS ACROSS THE WORLD TO ADDRESS CLIMATE CHANGE.

    Expenses $970,782 · Grants $970,782

  • PHILANTHROPIC ACTIVITIES CONTRACTED BY THE BEZOS EARTH FUND IN SUPPORT OF (I) INCREASED CONFIDENCE IN THE LEGITIMACY OF CLIMATE PLEDGES (II) THE RAISING OF AMBITION TO SECURE A 1.5-DEGREE TRAJECTORY FOR THE WORLD AND (III) IMPROVED CONTEXT FOR COP 28. PROVIDING ADVICE ON AREAS FOR INVESTMENT THAT COULD SUBSTANTIALLY SHIFT THE CONTEXT OR RAISE AMBITION IN 2024.

    Expenses $327,750 · Revenue $345,000

As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Lindsay Levin

    PRES/SEC/TREAS

    Total calculated
    $0
    Hours/week
    1

  • Julie Hill

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Ninan Chacko

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Phyllis Harris

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Darya Shaikh

    PARTNER

    Total calculated
    $0
    Hours/week
    2

  • Sabeena Bagol

    CFO

    Total calculated
    $11,525
    From this org
    $11,525
    From related orgs
    $0
    Other
    $0
    Hours/week
    4

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.

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

The filer's explanations (Part III)

FORM 990, PART VII, LINE 5
LEADERS' QUEST LIMITED, AN UNREALTED ORGANIZATION, EMPLOYS SABEENA BAGOL AND COMPENSATES HER FOR WORK PERFORMED AS AN OFFICER OF LQ FOUNDATION. DURING THE 2024 TAX YEAR, SABEENA BAGOL RECEIVED COMPENSATION OF $11,525 FROM LEADERS' QUEST LIMITED FOR WORK PERFORMED IN HER ROLE AS AN OFFICER OF LQ FOUNDATION.

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

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2024
Filed
16 April 2025
IRS schema version
2024v5.1
Source object
202521139349301847

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