LEONA TATE FOUNDATION FOR CHANGE INC

EIN: 264548819 501(c)(3) Education

New Orleans, LA

Total Revenue
$508,099
Total Expenses
$720,959
Total Assets
$5,293,207
Net Assets
$2,702,779
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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year
2009
Legal Domicile
LA
Principal Officer
Leona Tate
Phone
5042739709
Tax Period
2024-01-01 to 2024-12-31

LEONA TATE FOUNDATION FOR CHANGE INC, founded in 2009, is a small nonprofit in the Education sector that reported $508K in total revenue in fiscal year 2024. Revenue surged 59% from the prior year, signaling strong growth momentum. Expenses of $721K exceeded revenue, resulting in a 42% operating deficit.

Mission

THE LEONA TATE FOUNDATION'S MISSION IS TO PROMOTE, IMPROVE, AND ENHANCE RACIAL EQUALITY THROUGH VARIOUS AVENUES OF EDUCATION. TO EMPOWER AND ENRICH OUR COMMUNITIES FROM A SPIRITUAL, MULTICULTURAL, ECONOMICAL, HISTORICAL, AND SOCIAL PERSPECTIVE.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $400,773
Program Service Revenue $0
Investment Income $0
Other Revenue $107,326
TOTAL REVENUE $508,099

Expense Breakdown

Grants Paid $0
Salaries & Benefits $157,103
Fundraising Expenses $108,436
Program Expenses $344,623
Other Expenses $563,856
TOTAL EXPENSES $720,959

Year-over-Year Comparison

2024 2023 Change
Revenue $508,099 $319,051 +0.6%
Expenses $720,959 $623,828 +0.2%
Net Income $-212,860 $-304,777 -0.3%
Key Indicators
✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required
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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

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Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

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Governance

Voting Members
15
Independent Members
15
Employees
4
Volunteers
10

Governance Policies

✗ Conflict of Interest Policy
✗ Whistleblower Policy
✗ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School
✗ Operated a Hospital
✗ Provided First Class Travel
✗ Reported Conflict of Interest
✗ Reported Asset Diversion
✗ Excess Benefit Transaction
✗ Made Political Expenditures
✗ Engaged in Lobbying
✗ Operated Donor Advised Fund
✗ Maintained Art Collections
✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
4
$0
Total Directors
14
$0
Key Employees
1
$70,000
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
LEONA TATE EXECUTIVE DIRECTOR 0
Key Emp
$70,000 $0 $70,000
SARAH BRUZZI Secretary 0
Officer Director
$0 $0 $0
WILLIE CALHOUN Member 0
Director
$0 $0 $0
ALYSSA CONTI Member 0
Director
$0 $0 $0
REBECCA COOPER Member 0
Director
$0 $0 $0
CAROLINE HELDMAN Board President 0
Officer Director
$0 $0 $0
ARTHUR JOHNSON Member 0
Director
$0 $0 $0
KATHLEEN PAYADUE Member 0
Director
$0 $0 $0
BETTE PEREZ Member 0
Director
$0 $0 $0
BRAD PHILLIPSON Treasurer 0
Officer Director
$0 $0 $0
CYNTHIA GUILLEMET Member 0
Director
$0 $0 $0
TI MARTIN Member 0
Director
$0 $0 $0
LEON WATERS Member 0
Director
$0 $0 $0
SYBIL REED Board Vice President 0
Officer Director
$0 $0 $0
OTIS TUCKER Member 0
Director
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2024 $508,099 $720,959 $5,293,207 $-212,860
2023 $319,051 $623,828 $4,055,364 $-304,777
2022 $1,192,412 $437,273 $23,934,994 $755,139
2022 $2,271,101 $732,320 $23,146,735 $1,538,781
2021 $1,641,495 $521,918 $21,859,989 $1,119,577
2020 $124,211 $237,777 $8,565,356 $-113,566
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