Lever Foundation Growth Fund
- Assets
- $2.5m
- Revenue
- $3.7m
- Investments
- $0.0
- Employees
- 0
- Location
- Lancaster, PA
- Founding
- Data as of
- 12/2021
- EIN
- 85-0762544
Organization Overview
Lever Foundation Growth Fund is located in Lancaster, PA. According to its NTEE Classification (D12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Animal-Related and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Lever Foundation Growth Fund 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 Foundation Growth Fund generated $3.7m in total revenue. This represents relatively stable growth, over the past 2 years the organization has increased revenue by an average of 9.8% each year. All expenses for the organization totaled $2.3m during the year ending 12/2021. While expenses have increased by 9.8% per year over the past 2 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE LEVER FOUNDATION GROWTH FUND IS A 501(C)3 CHARITABLE ORGANIZATION, WHOSE PURPOSE IS TO SUPPORT THE CHARITABLE MISSION OF LEVER FOUNDATION (AND OTHER CHARITIES THAT SHARE ITS MISSION) TO PREVENT ANIMAL SUFFERING BY PROMOTING HEALTHY, HUMANE AND SUSTAINABLE FOOD CHOICES. ONE EFFECTIVE WAY TO CREATE A MORE HUMANE FOOD SYSTEM IS TO SUPPORT AND EMPOWER ENTREPRENEURS AND STARTUP COMPANIES WHO ARE CREATING ALTERNATIVE PROTEIN PRODUCTS-FOODS THAT REPLACE CONVENTIONAL ANIMAL PROTEIN ON CONSUMERS' PLATES WITH PLANT-BASED PROTEINS OR OTHER PROTEINS PRODUCED WITHOUT THE NEED TO RAISE AND SLAUGHTER LIVE ANIMALS. BY HELPING ENTREPRENEURS LAUNCH COMPANIES IN THIS SECTOR, AND BY HELPING EARLY STAGE STARTUPS THAT WOULD NOT OTHERWISE BE ABLE TO ATTRACT COMMERCIAL FUNDING IN THIS SECTOR GROW, THE FUND CAN HELP SHIFT A PORTION OF PROTEIN PRODUCTION AND CONSUMPTION TO FOOD PRODUCTS THAT DO NOT CAUSE ANIMAL SUFFERING.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FUND WILL ALSO CARRIES OUT GENERAL GRANTMAKING, PROVIDING GRANTS TO LEVER FOUNDATION AND OTHER PUBLIC CHARITIES THAT SHARE THE FOUNDATION'S MISSION.
ONE OF THE CORE INITIAL ACTIVITIES OF THE FUND IS TO RECEIVE DONATIONS FOR PROGRAM-RELATED INVESTMENTS IN ENTREPRENEURS AND STARTUPS WORKING IN THE ALTERNATIVE PROTEIN SPACE THAT HAVE A HIGH POTENTIAL TO IMPACT THE FUND'S CHARITABLE PURPOSES BUT MAY NOT BE ABLE TO ATTRACT SUFFICIENT COMMERCIAL FUNDING TO MAKE THAT IMPACT. ALL FUNDS GOING OUT ARE INVESTMENTS, AND NOT EXPENDITURES.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Nick Cooney Director | OfficerTrustee | 15 | $0 |
Chan Wing Yan Joan Director | Trustee | 1 | $0 |
Brian Ottens Director | Trustee | 1 | $0 |
Yaqi Gao Grover Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $3,661,000 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,661,000 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| 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 | $3,661,000 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $2,295,000 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $1,350 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $97 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $922 |
| Total functional expenses | $2,297,369 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $886,283 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $1,611,249 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,497,532 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| Net assets without donor restrictions | $2,497,532 |
| Net assets with donor restrictions | $0 |
| 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 | $2,497,532 |
Grants Awarded
Over the last fiscal year, Lever Foundation Growth Fund has awarded $1,890,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
Atlanta, GA PURPOSE: Lever Foundation Growth Fund maintains a donor advised fund with CharityVest, Inc. This grant was to that donor advised fund, which, in turn, was granted to the Supported Organization Lever Foundation, Inc. | $1,165,000 |
Lancaster, PA PURPOSE: 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 2020, grants were provided to entities in Canada, Mexico, Germany, the United Kingdom and Ireland that were: promoting the alternative protein sector; promoting plant-based foods and plant-based eating; promoting compassion for farm animals; and directly caring for rescued animals. Each of these entities' mission and programs share the charitable mission of Lever Foundation or preventing cruelty to animals and promoting humane and sustainable food choices. | $725,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Ecohealth Alliance Inc New York, NY | $11,707,153 | $11,774,215 |
United Pet Fund Blue Ash, OH | $324,836 | $5,559,645 |
Lever Foundation Growth Fund Lancaster, PA | $2,497,532 | $3,661,000 |
Biophilia Foundation Inc Chester, MD | $5,414,007 | $494,609 |
Everycat Health Foundation Inc Wyckoff, NJ | $4,893,968 | $1,375,708 |
Great Lakes Basin Conservancy Inc Gates Mills, OH | $52,071 | $1,017,650 |
Dogs Trust Usa Inc New York, NY | $555,315 | $503,749 |
Paws And Whiskers Cat Shelter Inc Toledo, OH | $1,297,323 | $439,023 |
Carol & Charles Spaeth Memorial Fund Uw New York, NY | $3,980,660 | $926,028 |
Peterman Foundation Inc Morgantown, WV | $4,839,629 | $581,414 |
Kaeli Kramer Foundation Westbury, NY | $746,610 | $121,379 |
Rochester Hope For Pets Rochester, NY | $179,540 | $132,417 |