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Nonprofiteer
← LEVER FOUNDATION INC

Form 990 for tax year 2023

Filed by LEVER FOUNDATION INC.

Totals

Total revenue
$2,837,414
Total expenses
$2,186,744
Contributions and grants received
$2,497,302
Grants paid
$1,253,510
Program service revenue
$0
Investment income
$340,112
Other revenue
$0
Total assets, end of year
$2,917,599
Total liabilities, end of year
$2,682
Net assets or fund balances, end of year
$2,914,917
Program services expenses (Part IX)
$2,165,622
Management and general expenses
$8,226
Fundraising expenses
$12,896
Program service expenses (Part III)
$2,165,622

Program services were 99.0% 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

    $2,497,302

  • 1g · Noncash contributions included above

    $50,023

  • 3 · Investment income

    total $340,112 · related or exempt $340,112 · 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

  • 11e · Other revenue, total

    $0

Functional expenses

Part IX, the statement of functional expenses.

  • 3 · Grants to foreign organizations and individuals

    total $1,253,510 · program services $1,253,510

  • 11b · Fees: legal

    total $248 · program services $0 · management and general $248 · fundraising $0

  • 11c · Fees: accounting

    total $3,519 · program services $900 · management and general $2,619 · fundraising $0

  • 11g · Fees: other

    total $848,316 · program services $846,551 · management and general $1,765 · fundraising $0

  • 12 · Advertising and promotion

    total $37,586 · program services $37,586 · management and general $0 · fundraising $0

  • 13 · Office expenses

    total $2,027 · program services $1,068 · management and general $457 · fundraising $502

  • 14 · Information technology

    total $25,917 · program services $25,917 · management and general $0 · fundraising $0

  • 17 · Travel

    total $12,394 · program services $0 · management and general $0 · fundraising $12,394

  • 19 · Conferences, conventions and meetings

    total $90 · program services $90 · management and general $0 · fundraising $0

  • 24e · All other expenses

    total $3,137 · program services $0 · management and general $3,137 · fundraising $0

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $76,298 · end of year $145,390

  • 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 $0

  • 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

  • 10c · Land, buildings and equipment, net

    beginning of year $0

  • 11 · Investments: publicly traded securities

    beginning of year $1,999,032 · end of year $2,582,209

  • 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 $1,082 · end of year $2,682

  • 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 $2,264,248 · end of year $2,914,917

  • 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 · 2023

Mission

The mission of The Lever Foundation is to prevent animal suffering and cruelty to animals by promoting healthy, humane and sustainable food choices.

Activities or mission (Part I)

The mission of the Lever Foundation is to prevent animal suffering and cruelty to animals by promoting health, humane and sustainable food choices.

  • Lever Foundation worked with major food companies to inspire and help them remove the worst forms of animal cruelty from their supply chain, with a particular focus on helping companies commit to ending the use of battery cages (or other cage confinement of egg-laying hens) in their supply chain. Lever Foundation focused its efforts on achieving these policy changes in the greater China region and throughout Asia generally. Note: expenses are a rounded approximation, as many program expenses span more than one program area.

    Expenses $300,000

  • Lever Foundation worked to grow the alternative protein space (plant-based meat, egg and dairy products, and "clean" meat, egg and dairy products that are produced from cellular agriculture or fermentation without the need for live animals) by assisting entrepreneurs with starting companies in the space, helping startups secure investment funding, and directing more investor interest and investment dollars to the alternative protein space. Lever Foundation also worked with major food companies to promote adding more alternative protein options. Lever Foundation focused its efforts on growing the alternative protein space in the greater China region. Because of the nature of this work, it is hard to estimate a specific number of animals that will benefit from work done in this area by Lever Foundation in 2023. Note: expenses are a rounded approximation, as many program expenses span more than one program area.

    Expenses $612,112

  • 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 farm animal welfare. In 2023, a grant was provided to an entity in Ireland that was engaged in farm animal protection and promotion of plant-based eating. This entity's mission and programs share the charitable mission of Lever Foundation of preventing cruelty to animals and promoting humane and sustainable food choices. Note: expenses are a rounded approximation, as many program expenses span more than one program area.

    Expenses $1,253,510 · Grants $1,253,510

As filed on the 2023 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
    3

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
2023
Filed
12 November 2024
IRS schema version
2023v5.0
Source object
202413199349302971

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