LEVER FOUNDATION GROWTH FUND

EIN: 850762544 501(c)(3) Animal-Related

Lancaster, PA

Total Revenue
$2,578,500
Total Expenses
$2,700,591
Total Assets
$2,922,868
Net Assets
$2,922,868
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2020
Legal Domicile
PA
Principal Officer
Nick Cooney
Phone
7175841805
Tax Period
2023-01-01 to 2023-12-31

LEVER FOUNDATION GROWTH FUND, founded in 2020, is a community nonprofit in the Animal-Related sector that reported $2.6M in total revenue in fiscal year 2023. Revenue grew 13% year-over-year, indicating healthy expansion.

Mission

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.

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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 $2,578,500
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $2,578,500

Expense Breakdown

Grants Paid $2,700,000
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $2,700,000
Other Expenses $591
TOTAL EXPENSES $2,700,591

Year-over-Year Comparison

2023 2022 Change
Revenue $2,578,500 $2,273,000 +0.1%
Expenses $2,700,591 $1,725,573 +0.6%
Net Income $-122,091 $547,427 -1.2%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Liquidity & Cash Position

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Governance

Voting Members
4
Independent Members
3
Employees
N/A
Volunteers
3

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
1
$0
Total Directors
4
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Kai Yi Carrie Chan Director 1
Director
$0 $0 $0
Nick Cooney Director 15
Officer Director
$0 $0 $0
Brian Ottens Director 1
Director
$0 $0 $0
Yaqi Gao Grover Director 1
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 No data No data No data No data
2023 $2,578,500 $2,700,591 $2,922,868 $-122,091
2022 $2,273,000 $1,725,573 $3,044,959 $547,427
2021 $3,661,000 $2,297,369 $2,497,532 $1,363,631
2020 $3,039,100 $1,905,199 $1,133,901 $1,133,901
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