Lever Inc
- Assets
- $349.6k
- Revenue
- $605.3k
- Investments
- $0.0
- Employees
- 9
- Location
- North Adams, MA
- Founding
- 08/2014
- Data as of
- 12/2021
- EIN
- 46-4159401
Organization Overview
Lever Inc is located in North Adams, MA. The organization was established in 2014. According to its NTEE Classification (S99) the organization is classified as: Community Improvement & Capacity Building N.E.C., under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 12/2021, Lever Inc employed 9 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Lever Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2021, Lever Inc generated $605.3k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 11.8% each year . All expenses for the organization totaled $805.1k during the year ending 12/2021. While expenses have increased by 19.2% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2019, Lever Inc has awarded 17 individual grants totaling $340,608. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
ENGAGE IN ACTIVITIES TO SPUR ECONOMIC AND ENTREPRENEURIAL DEVELOPMENT AND TO LEVERAGE ASSETS IN THE NORTHERN BERKSHIRE COUNTY, MA REGION
Describe the Organization's Program Activity:
Part 3 - Line 4a
ENGAGE IN ACTIVITIES TO SPUR ECONOMIC AND ENTREPRENEURIAL DEVELOPMENT AND TO LEVERAGE ASSETS IN THE NORTHERN BERKSHIRE COUNTY REGION INCLUDING WITHOUT LIMITATION, THE CITY OF NORTH ADAMS, MA AND SURROUNDING COMMUNITIES. TO DEVELOP NETWORKS OF EXPERTS, COLLABORATORS AND STAKEHOLDERS TO ASSIST IN THE ECONOMIC SUCCESS OF THE REGION AND TO PROVIDE LOW COST AND NO-COST START-UP SPACE TO VARIOUS ENTERPRISES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jeffrey Thomas Executive Director | 40 | $155,000 | |
James Birge Chairman | Officer | 1 | $0 |
Cairn Cross Treasurer | Officer | 1 | $0 |
James Mahon Clerk | Officer | 1 | $0 |
Donald Dubendorf Board Member | Trustee | 1 | $0 |
William Schmidt Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $307,732 |
| All other contributions, gifts, grants, and similar amounts not included above | $296,489 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $604,221 |
| Total Program Service Revenue | $0 |
| Investment income | $544 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $605,277 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $186,956 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $155,000 |
| Compensation of current officers, directors, key employees. | $32,448 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $200,327 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $44,499 |
| Payroll taxes | $33,003 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $1,091 |
| Fees for services: Accounting | $17,071 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $81,014 |
| Advertising and promotion | $2,352 |
| Office expenses | $13,247 |
| Information technology | $4,347 |
| Royalties | $0 |
| Occupancy | $23,162 |
| Travel | $4,995 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $17,809 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $5,710 |
| Insurance | $3,320 |
| All other expenses | $0 |
| Total functional expenses | $805,105 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $186,539 |
| Pledges and grants receivable | $27,400 |
| Accounts receivable, net | $35,019 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $28,310 |
| Net Land, buildings, and equipment | $72,376 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $349,644 |
| Accounts payable and accrued expenses | $18,047 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $18,047 |
| Net assets without donor restrictions | $309,197 |
| Net assets with donor restrictions | $22,400 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $349,644 |
Grants Awarded
Over the last fiscal year, Lever Inc has awarded $165,608 in support to 8 organizations.
| Grant Recipient | Amount |
|---|---|
KEVA HEALTH | | | $40,000 |
FOOLHARDY HILL | | | $25,000 |
HEALTH TOGETHER | | | $25,000 |
INDUSTRIAL POLYMERS & CHEM | | | $24,161 |
SPEAKEASY TRAVEL SUPPLY | | | $16,447 |
ALEX GILLINDER | | | $12,500 |
Grants Recieved
Over the last fiscal year, we have identified 6 grants that Lever Inc has recieved totaling $98,750.
| Awarding Organization | Amount |
|---|---|
The Margeret Ellen Nielsen Foundation Wilmington, DE PURPOSE: GENERAL & UNRESTRICTED | $40,000 |
Shelby Cullom Davis Charitable Fund Inc Wilmington, DE PURPOSE: GENERAL & UNRESTRICTED | $25,000 |
Gilson Family Foundation Inc Marblehead, MA PURPOSE: CHARITABLE DONATION | $12,500 |
Vermont Community Foundation Middlebury, VT PURPOSE: GENERAL PURPOSE | $10,000 |
Trimix Foundation Providence, RI PURPOSE: ENTREPRENEUR PROGRAMMING | $6,250 |
F B Heron Foundation New Milford, CT PURPOSE: GENERAL SUPPORT | $5,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Quadrivium New York, NY | $52,883,139 | $7,776,109 |
Alliance For Downtown New York Inc New York, NY | $19,570,349 | $22,494,008 |
Cities For Financial Empowerment Fund Inc New York, NY | $14,654,854 | $7,980,604 |
Bottom Line Inc Boston, MA | $17,407,844 | $19,309,420 |
Cidny-Independent Living Services Inc Brooklyn, NY | $9,867,599 | $12,474,702 |
Neighborhood Stabilization Corporation Boston, MA | $29,880,510 | $6,854,139 |
Hunt Community Nashua, NH | $57,177,918 | $15,936,193 |
Buffalo Urban Development Corporation Buffalo, NY | $100,186,156 | $9,769,050 |
The Fund For Parks And Recreation In Boston Boston, MA | $15,922,090 | $6,711,889 |
128 West Transportation Council Inc Waltham, MA | $2,138,696 | $3,791,714 |
Mass Mentoring Partnership Inc Boston, MA | $3,908,855 | $3,737,455 |
Excavators 731 Property Corp Astoria, NY | $23,888,581 | $2,129,993 |