Overview
What is Lev Foundation?
The Lev Foundation is a nonprofit organization based in Seattle, Washington, situated at 2734 Westlake Ave N, ZIP 98109. Their primary mission is to provide grants to organizations, aiming to enhance education access and quality, with a particular focus on supporting those affected by historical and systemic inequalities. One of their notable initiatives includes funding for South Shore School, a public pre-K to 8 institution located in Seattle's southeast area. This support includes enhanced funding for free pre-K, smaller class sizes in the primary grades, and additional enrichment programs to holistically develop each student's mind, body, and spirit. As of the provided information, the Lev Foundation employs a team of 11 individuals dedicated to this cause.
Official website here: www.educationvoters.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 97% - Four-Star out of Four Star Rating
The Lev Foundation has achieved an impressive Four-Star rating from Charity Navigator, demonstrating superior accountability and financial health. With a total score of 97%, the organization excels particularly in its Accountability & Finance metrics, which are critical for donor confidence. All ten board members are independent, enhancing the integrity of governance and decision-making processes.
Strengths highlighted in the evaluation include a robust program expense ratio of 88.14%, indicating that the majority of funds are directed toward program services rather than administrative costs. The foundation also maintains a low fundraising efficiency ratio of $0.05, showcasing its ability to raise funds with minimal overhead. Additionally, the absence of financial misconduct, such as material diversion of assets, contributes positively to its reputation.
While the Lev Foundation's financial practices are commendable, it may be beneficial for them to continually engage with their community and stakeholders to further enhance transparency and trust. Overall, their ratings indicate strong performance in financial management and operational accountability, making them a reliable choice for potential donors.
This AI summary has been generated from information found on Charity Navigator.
Is Lev Foundation legitimate?
Lev Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Lev 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:
Executive Compensation: $157,630
Professional Fundraising Fees: $9,419
Other Salaries and Wages: $718,062
For more financial information, click here
Official website here: www.educationvoters.org
What is the mission statement of Lev Foundation?
The Lev Foundation serves the interests of students and families, focusing on education access and quality, especially those impacted by historical and systemic inequities. Its mission is to improve education for these groups, acting as a public benefactor by granting funds to organizations that align with its mission. For instance, the South Shore School in the southeast area of Seattle receives enhanced funding for free pre-K, smaller class sizes in K-3, and additional enrichments to support the holistic development of students.
Official website here: www.educationvoters.org
Who is the CEO of Lev Foundation?
Arik Korman is the Ceo of Lev Foundation. The CEO's salary of Lev Foundation is $149,708 and their total compensation is $173,384.
Official website here: www.educationvoters.org
What is the revenue of Lev Foundation?
Lev Foundation's revenue in 2022 was $2,793,076.
Official website here: www.educationvoters.org
Who are the executives of Lev Foundation and what are their salaries?
The average compensation at Lev Foundation during 2022 was $79,608. There are 11 employees and 12 volunteers at Lev Foundation.
Here are 12 key members and their salaries (Lev Foundation's CEO's salary is $149,708 and their total compensation is $173,384):
- Compensation: $149,708
- Related: $14,806
- Other: $8,870
- Compensation: $100,841
- Related: $1,019
- Other: $14,218
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- Other: $0
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- Other: $0
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- Other: $0
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- Other: $0
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- Other: $0
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- Other: $0
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- Other: $0
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- Other: $0
Official website here: www.educationvoters.org
Where can I find the form 990 for Lev Foundation?
Lev Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.educationvoters.org
Learn more at the official website: www.educationvoters.org
Mission Statement of Lev Foundation
The Lev Foundation, in its mission, serves the interests of students and families across Washington State, striving to improve education access and quality, especially for those affected by historical and systemic inequalities. It aims to advance its mission by providing public benefit through grant making to various organizations. One example of its impact can be seen in South Shore School, a public pre-K to 8 institution located in the southeast area of Seattle. The Lev Foundation has provided enhanced funding for free pre-K, smaller class sizes in Kindergarten to Third Grade, and various enrichments to support the holistic development of students, encompassing their minds, bodies, and spirits.
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Impact
July, 2024
Lev Foundation's impact is evident in its commitment to serving the interests of students and families across the state of Washington. By focusing on improving education access and quality, particularly for those who have been affected by historical and systemic inequities, Lev Foundation plays a vital role in advancing educational opportunities. One notable initiative is their support for South Shore School in Seattle, providing enhanced funding for free pre-K, smaller class sizes in K-3, and holistic enrichments to nurture the whole child in mind, body, and spirit. Through grant-making and sponsorships, Lev Foundation contributes to creating a more equitable and enriching educational landscape for the community.
This information is meant to be a general summary of Lev 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 2022.
- Investment Income: $134
- Gross Receipts: $2,813,759
Assets and Liabilities:
- Total Assets: $3,050,666
- Total Liabilities: $630,371
- Net Assets: $2,420,295
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Organization Details
Founding Year
2001
Phone
(206) 728-6448Principal Officer
Arik Korman
Main Address
2734 WESTLAKE AVE N, SEATTLE, WA, 98109
Website
www.educationvoters.orgNTEE Category
Code: R40 - Civil rights
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