Civic Intelligence

Lever Fund

990 • Fiscal year 2020 • EIN 46-4371412

Jan 01, 2020 to Dec 31, 2020 • Filed on Apr 02, 2021

Organization ProfileWWW.LEVERFUND.ORG
5440 Nevada Ave NWWashington, DC 20015

(202) 491-3356

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

55th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2020 filings • 501(c)3 • <$500k nonprofits • Source year 2020

Liabilities / Revenue

55th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2020 filings • 501(c)3 • <$500k nonprofits • Source year 2020

Net Margin

62nd percentile

14%

Higher net margin than 62% of similar nonprofits.

2020 filings • 501(c)3 • <$500k nonprofits • Source year 2020

Top Officer Pay

76th percentile

$0

Higher top officer pay than 76% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2020 filings • 501(c)3 • <$500k nonprofits • Source year 2020

Asset Growth

73rd percentile

30%

Faster asset growth than 73% of similar nonprofits.

2020 filings • 501(c)3 • <$500k nonprofits • Annualized from 2019 to 2020

Revenue Growth

93rd percentile

97%

Faster revenue growth than 93% of similar nonprofits.

2020 filings • 501(c)3 • <$500k nonprofits • Annualized from 2019 to 2020

Balance Sheet
Liabilities / Assets55th percentile

Assets

Up

$38,005

Up $8,875 (+30%) from 2019

Net Assets

Up

$38,005

Up $8,875 (+30%) from 2019

Liabilities

Flat

$0

Flat from 2019

Revenue And Expenses
Liabilities / Revenue55th percentileNet Margin62nd percentile

Revenue

Up

$64,342

Up $31,618 (+97%) from 2019

Expenses

Up

$55,470

Up $29,918 (+117%) from 2019

Net Income

Up

$8,872

Up $1,700 (+24%) from 2019

Historical Trend

Balance Sheet Trend

Asset Growth73rd percentile

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$150K$100K$50K$0-$50K-$100KAssets 2013: $50,001Liabilities 2013: $02013Assets 2014: $71,512Liabilities 2014: $0Net Assets 2014: $71,5122014Assets 2015: $77,864Liabilities 2015: $0Net Assets 2015: $77,8642015Assets 2016: $70,969Liabilities 2016: $5,432Net Assets 2016: $65,5372016Assets 2017: $115,812Liabilities 2017: $23,976Net Assets 2017: $91,8362017Assets 2018: $21,958Liabilities 2018: $90,979Net Assets 2018: -$69,0212018Assets 2019: $29,130Liabilities 2019: $0Net Assets 2019: $29,1302019Assets 2020: $38,005Liabilities 2020: $0Net Assets 2020: $38,0052020Assets 2021: $26,612Liabilities 2021: $0Net Assets 2021: $26,6122021Assets 2022: $48,363Liabilities 2022: $0Net Assets 2022: $48,3632022Assets 2023: $26,103Liabilities 2023: $0Net Assets 2023: $26,1032023

Highlighted filing

2020

Assets$38,005
Liabilities$0
Net Assets$38,005
Open 2020 Filing

Operations Trend

Revenue Growth93rd percentile

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$300K$200K$100K$0-$100KRevenue 2013: $50,001Expenses 2013: $0Net Income 2013: $50,0012013Revenue 2014: $163,603Expenses 2014: $142,092Net Income 2014: $21,5112014Revenue 2015: $79,152Expenses 2015: $98,785Net Income 2015: -$19,6332015Revenue 2016: $242,400Expenses 2016: $217,486Net Income 2016: $24,9142016Revenue 2017: $111,394Expenses 2017: $85,095Net Income 2017: $26,2992017Revenue 2018: $21,037Expenses 2018: $105,794Net Income 2018: -$84,7572018Revenue 2019: $32,724Expenses 2019: $25,552Net Income 2019: $7,1722019Revenue 2020: $64,342Expenses 2020: $55,470Net Income 2020: $8,8722020Revenue 2021: $60,613Expenses 2021: $71,664Net Income 2021: -$11,0512021Revenue 2022: $107,593Expenses 2022: $80,916Net Income 2022: $26,6772022Revenue 2023: $67,430Expenses 2023: $79,563Net Income 2023: -$12,1332023

Highlighted filing

2020

Revenue$64,342
Expenses$55,470
Net Income$8,872
Open 2020 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2020 to Dec 31, 2020
Signed
Apr 2, 2021
Return Version
2020v4.1
Gross Receipts
$64,342
Mission and Program Overview

Mission

Expand educational opportunities. We will support schools and organizations that have demonstrated the ability to improve the odds of students completing their education and moving out of poverty.improve job prospects. We will partner with area organizations and businesses to make sure we are providing the right skills and that they are of professional quality in order to increase placements in career-oriented, well-paying jobs.remove barriers. We will invest in community groups of all kinds that most efficiently deliver the medical, legal, and financial resources necessary to get ahead.

The lever fund was formed with the mission to raise more local poverty-fighting dollars and to spend them in a smarter, data-driven way.

Balance Sheet Detail
LineBeginningEndChange
Assets
Rtn Earn Endowment Incm Other Fnds$29,130$38,005▲ $8,875
Cash and Non-Interest-Bearing Accounts$28,255$27,428▼ $827
Investments in Publicly Traded Securities$875$10,577▲ $9,702
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Cap Stk Tr Prin Current Funds$0$0→ $0
Total Assets$29,130$38,005▲ $8,875
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Total Net Assets Fund Balance$29,130$38,005▲ $8,875
Total Liabilities and Net Assets / Fund Balance$29,130$38,005▲ $8,875
Compensation and Service Providers
Top Officer Pay76th percentile

Board Members and Trustees

NameTitle
Connie K N ChangBoard Chair & Treasurer
Harley RadinBoard Member
Matt ClyneBoard Member
Tim LeeBoard Member
Nathaniel PearlmanFounder
Revenue and Support

Revenue Composition

Contributions and Grants
$64,337
Program Service Revenue
$0
Investment Income
$5
Other Revenue
$0
All Other Contributions
$984
Change in Net Assets
$8,872
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$48,870
Total Fundraising Expense$39,095
Grants and Similar Amounts Paid$6,600
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Other$3,860$3,861$30,888$38,609
Grants to Domestic Orgs$6,600--$6,600
Fees for Services Accounting$414$414$3,310$4,138
Insurance$141$141$1,130$1,412
All Other Expenses$18$18$146$182
Other Expenses$18$18$140$176
Office Expenses$10$10$76$96
Total Functional Expenses$11,487$4,888$39,095$55,470
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Genesys Works National Capital RegionVienna, VA-Towards the Program Run by Lever Fund$6,600
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$0
Fundraising Gross Income$0
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Fundraising Event$63,353---
Total Events$63,353---
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section B, Line 11B

“The organization has a written conflict of interest policy.”

Form 990, Part VI, Section B, Line 15

“The interim executive director position was filled in december 2019 after jill barrett, founder of evolve impact, llc, performed a strategic assessment in fall 2019 which culminated in a presentation to the board on november 15, 2019. The board decided that it would like to bring her on and tasked nathaniel and connie chang (treasurer) to negotiate with her. By november 24, 2020 connie spoke to each board member and secured their approval to pay jill $3k/month for 10 hours of work per week, which compared to the salaries of the prior two executive directors that were hired as employees, as this was determined to be a fair deal. The total amount we paid her was $36k in 2020.”

Form 990, Part VI, Section C, Line 19

“The organization's documents, conflict of interest policy and financial statements are available to the public upon request.”

Filing and Contact Details

Filer

Filer Name
Lever Fund
EIN
46-4371412
Phone
2024913356
Address
5440 NEVADA AVE NW, WASHINGTON, DC 20015

Signing Officer

Name
Connie Chang
Title
Treasurer
Phone
2024913356
Signed
2021-04-02
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Connie Chang
Formed
2013
Legal Domicile
Dc
Voting Board Members
5
Independent Board Members
5
Employees
0
Volunteers
0

Preparer

Firm
Rose Financial Solutions LLC
Address
2 RESEARCH PLACE SUITE 300, ROCKVILLE, MD 20850
Preparer
Peter Stratos
Phone
3015271130
Supplemental Narrative

Additional Explanations

Form 990, Part IX, Line 11G

“Consulting: program service expenses 3,855. Management and general expenses 3,856. Fundraising expenses 30,850. Total expenses 38,561. Payroll processing fees: program service expenses 5. Management and general expenses 5. Fundraising expenses 38. Total expenses 48.”

Form 990, Part IX, Line 24E

“Professional fees: program service expenses 10. Management and general expenses 10. Fundraising expenses 82. Total expenses 102. Filing fees: program service expenses 8. Management and general expenses 8. Fundraising expenses 64. Total expenses 80.”

FORM 990, PART XI, LINE 9:

“ROUNDING 3.”

Raw XML Appendix393 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990/Desc0RAISE LOCAL POVERTY-FIGHTING DOLLARS AND MAKE INVESTMENTS/GRANTS IN HIGH-PERFORMANCE, HIGH-IMPACT NONPROFITS IN NORTHERN VIRGINIA, THE DISTRICT, AND MARYLAND.
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IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt024189
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt0111394
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt0251042
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt0483691
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IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
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IRS990/ScheduleBRequiredInd01
IRS990ScheduleG/FundraisingEventInformationGrp/CharitableContributionsTotAmt063353
IRS990ScheduleG/FundraisingEventInformationGrp/CharitableContriEvent1Amt063353
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IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent1Amt063353
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsTotalAmt063353
IRS990ScheduleI/GrantRecordsMaintainedInd01
IRS990ScheduleI/RecipientTable/CashGrantAmt06600
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt0TOWARDS THE PROGRAM RUN BY LEVER FUND
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt0GENESYS WORKS NATIONAL CAPITAL REGION
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION HAS A WRITTEN CONFLICT OF INTEREST POLICY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE INTERIM EXECUTIVE DIRECTOR POSITION WAS FILLED IN DECEMBER 2019 AFTER JILL BARRETT, FOUNDER OF EVOLVE IMPACT, LLC, PERFORMED A STRATEGIC ASSESSMENT IN FALL 2019 WHICH CULMINATED IN A PRESENTATION TO THE BOARD ON NOVEMBER 15, 2019. THE BOARD DECIDED THAT IT WOULD LIKE TO BRING HER ON AND TASKED NATHANIEL AND CONNIE CHANG (TREASURER) TO NEGOTIATE WITH HER. BY NOVEMBER 24, 2020 CONNIE SPOKE TO EACH BOARD MEMBER AND SECURED THEIR APPROVAL TO PAY JILL $3K/MONTH FOR 10 HOURS OF WORK PER WEEK, WHICH COMPARED TO THE SALARIES OF THE PRIOR TWO EXECUTIVE DIRECTORS THAT WERE HIRED AS EMPLOYEES, AS THIS WAS DETERMINED TO BE A FAIR DEAL. THE TOTAL AMOUNT WE PAID HER WAS $36K IN 2020.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE ORGANIZATION'S DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3CONSULTING: PROGRAM SERVICE EXPENSES 3,855. MANAGEMENT AND GENERAL EXPENSES 3,856. FUNDRAISING EXPENSES 30,850. TOTAL EXPENSES 38,561. PAYROLL PROCESSING FEES: PROGRAM SERVICE EXPENSES 5. MANAGEMENT AND GENERAL EXPENSES 5. FUNDRAISING EXPENSES 38. TOTAL EXPENSES 48.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4PROFESSIONAL FEES: PROGRAM SERVICE EXPENSES 10. MANAGEMENT AND GENERAL EXPENSES 10. FUNDRAISING EXPENSES 82. TOTAL EXPENSES 102. FILING FEES: PROGRAM SERVICE EXPENSES 8. MANAGEMENT AND GENERAL EXPENSES 8. FUNDRAISING EXPENSES 64. TOTAL EXPENSES 80.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5ROUNDING 3.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 15
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART IX, LINE 11G
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART IX, LINE 24E
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PART XI, LINE 9:
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IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
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IRS990/StatesWhereCopyOfReturnIsFldCd1VA
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IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt029130
IRS990/TotalAssetsEOYAmt038005
IRS990/TotalAssetsGrp/BOYAmt029130
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IRS990/TotalCompGreaterThan150KInd00
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IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt039095
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt04888
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt011487
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IRS990/VotingMembersIndependentCnt05
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ReturnHeader/BuildTS02022-09-23 18:48:47Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0CONNIE CHANG
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0TREASURER
ReturnHeader/BusinessOfficerGrp/PhoneNum02024913356
ReturnHeader/BusinessOfficerGrp/SignatureDt02021-04-02
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0LEVER FUND
ReturnHeader/Filer/BusinessNameControlTxt0LEVE
ReturnHeader/Filer/EIN0464371412
ReturnHeader/Filer/PhoneNum02024913356
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ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0ROSE FINANCIAL SOLUTIONS LLC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt02 RESEARCH PLACE SUITE 300
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0ROCKVILLE
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0MD
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd020850
ReturnHeader/PreparerPersonGrp/PhoneNum03015271130
ReturnHeader/PreparerPersonGrp/PreparationDt02021-04-02
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0PETER STRATOS
ReturnHeader/ReturnTs02021-04-05T17:55:24-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0CONNIE
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0CHANG
ReturnHeader/TaxPeriodBeginDt02020-01-01
ReturnHeader/TaxPeriodEndDt02020-12-31
ReturnHeader/TaxYr02020

Document Assets

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Filings

Displayed year

2020 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$38,005
Liabilities
$0
Net assets
$38,005
Revenue
$64,342
Expenses
$55,470
Net income
$8,872
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2023Detailed filing. Detailed filing data is available for this year.$0.26$0.00$0.26$0.67$0.80$0.12
2022Detailed filing. Detailed filing data is available for this year.$0.48$0.00$0.48$1.08$0.81$0.27
2021Detailed filing. Detailed filing data is available for this year.$0.27$0.00$0.27$0.61$0.72$0.11
2020Detailed filing. Detailed filing data is available for this year.$0.38$0.00$0.38$0.64$0.55$0.09
2019Detailed filing. Detailed filing data is available for this year.$0.29$0.00$0.29$0.33$0.26$0.07
2018Detailed filing. Detailed filing data is available for this year.$0.22$0.91$0.69$0.21$1.06$0.85
2017Detailed filing. Detailed filing data is available for this year.$1.16$0.24$0.92$1.11$0.85$0.26
2016Detailed filing. Detailed filing data is available for this year.$0.71$0.05$0.66$2.42$2.17$0.25
2015Detailed filing. Detailed filing data is available for this year.$0.78$0.00$0.78$0.79$0.99$0.20
2014Detailed filing. Detailed filing data is available for this year.$0.72$0.00$0.72$1.64$1.42$0.22
2013Summary only. Only limited summary data is available for this year.$0.50$0.00$0.50$0.00$0.50