LEADERSHIP FOR EDUCATIONAL EQUITY FOUNDATION

EIN: 462093041 501(c)(3) Human Services

NEW YORK, NY

Total Revenue
$9,499,395
Total Expenses
$13,604,693
Total Assets
$4,142,017
Net Assets
$3,690,476
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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
2013
Legal Domicile
DE
Principal Officer
MICHAEL BUMAN
Phone
2027343716
Tax Period
2023-01-01 to 2023-12-31

LEADERSHIP FOR EDUCATIONAL EQUITY FOUNDATION, founded in 2013, is a community nonprofit in the Human Services sector that reported $9.5M in total revenue in fiscal year 2023. Revenue surged 53% from the prior year, signaling strong growth momentum. Expenses of $13.6M exceeded revenue, resulting in a 43% operating deficit.

Mission

THE FOUNDATION'S MISSION IS TO WORK TO FOSTER AND FACILITATE INCREASED CIVIC ENGAGEMENT, COMMUNITY PARTICIPATION, AND VOLUNTEERISM WITH A FOCUS ON EDUCATION AND PUBLIC POLICY EFFORTS DESIGNED TO ACHIEVE EDUCATIONAL EQUITY.

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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 (2023)

Revenue Breakdown

Contributions & Grants $9,499,395
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $9,499,395

Expense Breakdown

Grants Paid $12,390,908
Salaries & Benefits $120,049
Fundraising Expenses $23,376
Program Expenses $13,521,612
Other Expenses $1,093,736
TOTAL EXPENSES $13,604,693

Year-over-Year Comparison

2023 2022 Change
Revenue $9,499,395 $6,228,273 +0.5%
Expenses $13,604,693 $11,163,499 +0.2%
Net Income $-4,105,298 $-4,935,226 -0.2%
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

Financial Distress Indicator

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
4
Independent Members
4
Employees
N/A
Volunteers
4

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
3
$700,423
Total Directors
4
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
EMMA BLOOMBERG CHAIR OF THE BOARD 1.00
Officer Director
$0 $0 $0
MICHAEL PARK DIRECTOR 1.00
Director
$0 $0 $0
STEVE MANDEL DIRECTOR 1.00
Director
$0 $0 $0
ARTHUR ROCK DIRECTOR (FROM JUNE 2023) 1.00
Director
$0 $0 $0
MICHAEL BUMAN CEO & EXECUTIVE DIRECTOR 2.00
Officer
$0 $33,002 $429,354
CHRISTINE GREEN SECRETARY/TREASURER 2.00
Officer
$0 $56,769 $271,069
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 No data No data No data No data
2023 $9,499,395 $13,604,693 $4,142,017 $-4,105,298
2022 $6,228,273 $11,163,499 $8,287,243 $-4,935,226
2021 $27,777,309 $20,423,423 $13,452,963 $7,353,886
2020 $14,907,162 $15,144,499 $5,983,229 $-237,337
2019 $13,534,374 $19,691,095 $6,280,643 $-6,156,721
2018 $12,244,595 $11,200,492 $12,148,066 $1,044,103
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