Overview
What is Leonidas Foundation?
The Leonidas Foundation, based in Wyckoff, New Jersey, is a nonprofit organization committed to empowering young men with a passion for service, knowledge, and fellowship. With a strong belief in God, country, and brotherhood, they engage in various productive and humanitarian endeavors. Their primary focus is on fostering scholarship, mentorship, and public service with honor, prowess, and integrity. Recently, they have initiated the L.E.O (Leadership, Entrepreneurship Opportunity) program in high schools across North Jersey. To support this, they provided funding for a classroom at Don Bosco High School in Ramsey, New Jersey, equipped with computers and desks. The foundation also funded a teacher and the development of a business-focused curriculum. Additionally, a three-day trip to Washington D.C. was organized for students, allowing them to engage with business leaders and members of Congress. The goal of the L.E.O program is to challenge students in a "Shark Tank"-like competition, encouraging them to develop creative business ideas. This comprehensive support includes funding for supplies, guest speakers, and instruction. The Leonidas Foundation's mission to inspire and guide young men is evident in their commitment to this program.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 55%, One-Star out of Four Star Rating
The Leonidas Foundation has received a 55% rating from Charity Navigator, indicating concerns regarding its accountability and financial practices. The lack of independent board members is a significant issue, with 0% of its board being independent. Although there are no reported material diversions of assets, the absence of essential policies such as a conflict of interest and whistleblower policy raises questions about governance and transparency.
On a more positive note, the foundation demonstrates a strong commitment to its programs, with a program expense ratio of 69.15%, showing that a substantial portion of its funds is directed towards its mission. The organization has also successfully listed its tax form on its website, which aligns with transparency requirements. However, the missing policies and the all-non-independent board may hinder stakeholder trust and accountability.
Overall, while the Leonidas Foundation has strengths in its program spending and asset management, its governance structure and lack of critical policies are significant areas for improvement. The one-star rating reflects these concerns and suggests that potential donors should carefully consider these factors before contributing.
This AI summary has been generated from information found on Charity Navigator.
Is Leonidas Foundation legitimate?
Leonidas Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Leonidas Foundation submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
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Other Salaries and Wages: $0
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What is the mission statement of Leonidas Foundation?
The Leonidas Foundation is committed to promoting emerging young men with a passion for service, knowledge, and fellowship. Maintaining a strong love for God, country, and brotherhood, the organization engages in productive and humanitarian endeavors to foster scholarship, mentorship, and public service with honor, prowess, and integrity. The mission of the Leonidas Foundation is to create opportunities for these young men, encouraging them to develop their leadership and entrepreneurial skills while engaging in community service.
The organization is currently working on establishing the L.E.O (Leadership, Entrepreneurship Opportunity) program in high schools in North Jersey. Previously, they provided funding for the creation of a computer-equipped classroom at Don Bosco High School in Ramsey, New Jersey, and funded a teacher and curriculum development in the field of business. Additionally, a three-day trip to Washington D.C. allowed students to engage with business leaders and members of Congress. The goal of the L.E.O program is to challenge students in a "Shark Tank"-like competition to develop creative business ideas. Funding for the high schools to establish the L.E.O program will include supplies, guest speakers, and instruction.
Who is the CEO of Leonidas Foundation?
Matthew Perricone is the Trustee of Leonidas Foundation.
What is the revenue of Leonidas Foundation?
Leonidas Foundation's revenue in 2021 was $70,260.
Who are the executives of Leonidas Foundation and what are their salaries?
Here are 7 key members and their salaries:
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Where can I find the form 990 for Leonidas Foundation?
Leonidas Foundation's most recent form 990 was submitted in 2021 and can be accessed here.
Mission Statement of Leonidas Foundation
The Leonidas Foundation, with a strong devotion to God, country, and brotherhood, is dedicated to fostering emerging young men who are passionate about service, knowledge, and fellowship. This nonprofit organization engages in productive and humanitarian endeavors, aiming to promote scholarship, mentorship, and public service with honor, prowess, and integrity. The Leonidas Foundation's mission is to nurture and empower these young individuals to become responsible and engaged members of society.
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Impact
August, 2024
The Leonidas Foundation's impact can be seen in its dedication to promoting emerging young men with a desire for service, knowledge, and fellowship. By instilling values of honor, prowess, and integrity while fostering scholarship, mentorship, and public service, the organization is making a tangible difference in the lives of the youth it serves.
Through initiatives like the L.E.O (Leadership, Entrepreneurship, Opportunity) program at high schools in North Jersey, the foundation is providing students with the tools and opportunities to develop their skills and unlock their potential. By funding the creation of a classroom at Don Bosco High School, equipping it with necessary resources, providing funding for a teacher, and developing a curriculum in the field of business, the organization is directly impacting the educational experiences of young men in the community.
Furthermore, activities such as the three-day trip to Washington, D.C., where students engage with business leaders and members of Congress, showcase the foundation's commitment to offering practical learning experiences and real-world connections. By challenging students in a "Shark Tank"-like competition to develop creative business ideas, the Leonidas Foundation is not only inspiring entrepreneurship but also fostering critical thinking and innovation.
Overall, the foundation's impact is evident in its investments in education, mentorship, and leadership development, all aimed at empowering young men to succeed and serve their communities with distinction.
This information is meant to be a general summary of Leonidas Foundation. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2021.
- Gross Receipts: $106,471
Assets and Liabilities:
- Total Assets: $155,092
- Total Liabilities: $0
- Net Assets: $155,092
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Organization Details
Founding Year
2016
Phone
(973) 615-3501Principal Officer
Matthew Perricone
Main Address
PO BOX 263, WYCKOFF, NJ, 07481
NTEE Category
Code: W12 - Public benefit
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