Civic Intelligence

Lafayette Square Foundation Inc

EIN 86-3666746 • 501(c)3 • Washington, DC

Profile

To address the inequity in the asset management industry, as well as in other businesses and industries.

1801 Pennsylvania Ave NW 4th FloorWashington, DC 20006

www.lafayettesquarefoundation.org

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

60th percentile

0.13x

Higher debt load relative to assets than 60% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2024

Liabilities / Revenue

60th percentile

0.14x

Higher debt load relative to revenue than 60% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2024

Net Margin

94th percentile

69%

Higher net margin than 94% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2024

Top Officer Pay

96th percentile

$383,804

Higher top officer pay than 96% of similar nonprofits.

Top officer pay equals 9.4% of source-year revenue.

501(c)3 • $1M-$5M nonprofits • Source year 2024

Asset Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2024

Revenue Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2024

Balance Sheet
Liabilities / Assets60th percentile

Assets

Up

$4,322,604

Up $3,040,159 (+237%) from 2023

Liabilities

Up

$564,777

Up $242,273 (+75%) from 2023

Net Assets

Up

$3,757,827

Up $2,797,886 (+291%) from 2023

Operations
Liabilities / Revenue60th percentileNet Margin94th percentile

Revenue

Up

$4,070,968

Up $2,955,647 (+265%) from 2023

Expenses

Up

$1,267,332

Up $729,761 (+136%) from 2023

Net Income

Up

$2,803,636

Up $2,225,886 (+385%) from 2023

Trend Graphs

Balance Sheet Trend

Asset GrowthScore unavailable

Grouped bars show assets, liabilities, and net assets across loaded filings.

$6.0M$4.0M$2.0M$0Assets 2022: $1,068,629Liabilities 2022: $118,192Net Assets 2022: $950,4372022Assets 2023: $1,282,445Liabilities 2023: $322,504Net Assets 2023: $959,9412023Assets 2024: $4,322,604Liabilities 2024: $564,777Net Assets 2024: $3,757,8272024

Highlighted filing

2024

Assets$4,322,604
Liabilities$564,777
Net Assets$3,757,827
Open 2024 Filing

Operations Trend

Revenue GrowthScore unavailable

Revenue, expenses, and net income by year, with the latest filing highlighted.

$6.0M$4.0M$2.0M$0Revenue 2022: $1,486,010Expenses 2022: $535,573Net Income 2022: $950,4372022Revenue 2023: $1,115,321Expenses 2023: $537,571Net Income 2023: $577,7502023Revenue 2024: $4,070,968Expenses 2024: $1,267,332Net Income 2024: $2,803,6362024

Highlighted filing

2024

Revenue$4,070,968
Expenses$1,267,332
Net Income$2,803,636
Open 2024 Filing

Filings

Most recent year

2024 • Form 990Facts available. Structured filing facts are available, but richer extracted sections are limited.

Open filing
Assets
$4,322,604
Liabilities
$564,777
Net assets
$3,757,827
Revenue
$4,070,968
Expenses
$1,267,332
Net income
$2,803,636
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$4.32$0.56$3.76$4.07$1.27$2.80
2023Detailed filing. Detailed filing data is available for this year.$1.28$0.32$0.96$1.12$0.54$0.58
2022Detailed filing. Detailed filing data is available for this year.$1.07$0.12$0.95$1.49$0.54$0.95
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Nov 17, 2025
Return Version
2024v5.1
Gross Receipts
$4,070,968
Mission and Program Overview

Mission

To address the inequity in the asset management industry, as well as in other businesses and industries.

To strengthen disadvantaged communities by increasing affordable housing and other community elements through research, programs and polices

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$1,282,445$3,129,232▲ $1,846,787
Pledges and Grants Receivable$0$1,193,372▲ $1,193,372
Cash and Non-Interest-Bearing Accounts$0--
Accounts Receivable$0--
Other Notes and Loans Receivable, Net$0--
Receivable From Disqualified Prsn$0$0→ $0
Receivables From Officers Etc$0$0→ $0
Investments Other Securities$0--
Investments Program Related$0--
Investments in Publicly Traded Securities$0--
Land, Buildings, and Equipment, Net$0$0→ $0
Pd in Cap Srpls Land Bldg Eqp Fund$0--
Rtn Earn Endowment Incm Other Fnds$0--
Cap Stk Tr Prin Current Funds$0--
Intangible Assets$0--
Inventories for Sale or Use$0--
Loans From Officers Directors$0$0→ $0
Prepaid Expenses and Deferred Charges$0--
Total Assets$1,282,445$4,322,604▲ $3,040,159
Other Assets Total$0$0→ $0
Liabilities
Accounts Payable and Accrued Expenses$322,504$379,971▲ $57,467
Other Liabilities$0$184,806▲ $184,806
Grants Payable$0--
Mortgage Notes Payable Secured by Investment Property$0--
Unsecured Notes Loans Payable$0--
Deferred Revenue$0--
Escrow Account Liability$0--
Tax Exempt Bond Liabilities$0--
Total Liabilities$322,504$564,777▲ $242,273
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$959,941$1,939,455▲ $979,514
Net Assets With Donor Restrictions$0$1,818,372▲ $1,818,372
Total Net Assets Fund Balance$959,941$3,757,827▲ $2,797,886
Total Liabilities and Net Assets / Fund Balance$1,282,445$4,322,604▲ $3,040,159
Compensation and Service Providers
Top Officer Pay96th percentile

Employees

NameTitleFull / Part TimeOtherTotal
ANTONY Bugg-LevinePresident (THRU 08/2024)PT$143,738$143,738
David WilliamsDirector of Real Estate, Impact and PartnershipsPT$143,523$143,523

Board Members and Trustees

NameTitle
Joseph Johnsonchairman, treasurer, & secretary
Caitlin Mclaughlindirector
damien dwindirector
John MoriartyExecutive Director
Revenue and Support

Revenue Composition

Contributions and Grants
$3,968,372
Program Service Revenue
$102,000
Investment Income
$596
Other Revenue
$0
All Other Contributions
$3,968,372
Change in Net Assets
$2,803,636

Audited Revenue Reconciliation

Revenue per Audited Statements
$4,070,968
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Other Revenue Adjustments
$0
Total Revenue per Audited Statements
$4,070,968
Total Revenue per Form 990
$4,070,968
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$929,921
Other Expenses$337,411
Total Fundraising Expense$243,706
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$294,234$201,914$118,123$614,271
Current Officers, Directors, Trustees, and Key Employees$141,304$96,968$56,728$295,000
Fees for Services Legal$36,096$24,770$14,491$75,357
Conferences and Meetings$34,720$23,826$13,939$72,485
Occupancy$23,402$16,060$9,395$48,857
Fees for Services Accounting$22,923$15,730$9,203$47,856
Fees for Services Other$21,345$14,648$8,569$44,562
Advertising$20,741$14,233$8,327$43,301
Payroll Taxes$9,891$6,788$3,971$20,650
Travel$2,071$1,421$831$4,323
Other Expenses$69$47$28$144
Total Functional Expenses$607,048$416,578$243,706$1,267,332

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$1,267,332
Total Expenses per Audited Statements$1,267,332
Total Expenses per Form 990$1,267,332
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$0
Other Expense Adjustments$0
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Interested-Person Transactions

Interested PartyRelationshipDescriptionShared RevenueAmount
-Business Transaction With OfficerConsulting ServicesNo$67,753

Loans and Receivables

Line ItemBeginningEndChange
Loans from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Receivables from Disqualified Persons$0$0→ $0
Receivables from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Federal Income Taxes$184,806
Intercompany Transactions-
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
No
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
Yes
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
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, Line 2 Family/business relationships amongst interested persons

“Antony Bugg-Levine, Joseph Johnson, Caitlin McLaughlin, Damien Dwin and John Moriarty - Business relationship”

Form 990, Part VI, Line 6 Classes of members or stockholders

“The sole member of Lafayette Square Foundation, Inc. is Lafayette Square Holding Company, LLC, which is a related entity.”

Form 990, Part VI, Line 7A Members or stockholders electing members of governing body

“As the sole member, Lafayette Square Holding Company, LLC has the authority to elect members of the governing body.”

Form 990, Part VI, Line 11B Review of form 990 by governing body

“The form 990 is prepared by an outside accounting firm. The form 990 is made available and reviewed by the foundation's board of directors prior to its submission to the internal revenue service.”

Form 990, Part VI, Line 12C Conflict of interest policy

“Lafayette Square Foundation, Inc. has a conflict of interest policy that requires members of the board of directors, officers and key employees to complete a conflict of interest annual statement of disclosure. The annual statement of disclosure requires each individual to confirm if any actual or potential conflicts of interest exist, and to affirm that they have read and understand the conflict of interest policy. An individual that has a conflict, or potential conflict, is not permitted to debate, vote, or otherwise participate in such determination. The board of directors will determine the appropriate remedy if a conflict of interest does exist.”

Form 990, Part VI, Line 15A Process to establish compensation of top management official

“The Board annually reviews and determines the compensation of those who perform a substantial amount of their work for LSF. The Board uses comparable data and approves the compensation structure. The compensation is paid by a related, for-profit, organization under a shared services agreement.”

Form 990, Part VI, Line 19 Required documents available to the public

“Lafayette Square Foundation, Inc. makes its governing documents and conflict of interest policy available upon request. A copy of the Form 990 is also available upon request.”

Filing and Contact Details

Filer

Filer Name
Lafayette Square Foundation Inc
EIN
86-3666746
Phone
2023444273
Address
1801 Pennsylvania Ave NW 4th Floor, Washington, DC 20006
Doing Business As
Lafayette Square Institute

Signing Officer

Name
Joseph Johnson
Title
Chairman, Treasurer & Secretary
Phone
2023444273
Signed
2025-11-17
Discuss with paid preparer
Yes

Organization Details

Formed
2021
Legal Domicile
De
Voting Board Members
3
Independent Board Members
0
Employees
0
Volunteers
3

Preparer

Firm
Ernst & Young US Llp
Address
2005 MARKET STREET, PHILADELPHIA, PA 19103
Preparer
Lauren E Bennett
Phone
2154485000
Supplemental Narrative

Additional Explanations

Form 990, Part V, Line 2A

“Certain individuals listed on Part VII are paid by LS Administration, LLC, a related organization. Lafayette Square Foundation, Inc. reimburses LS Administration, LLC through a management services agreement relating to the compensation paid to these individuals for services provided to Lafayette Square Foundation, Inc.”

Financial Statement Notes

Schedule D, Part X, Line 2 FIN 48 (ASC 740) footnote

“The Foundation is exempt from federal and state income taxes as a public charity under Section 501(c)(3) of the Internal Revenue Code (IRC). Accordingly, no provision for income taxes has been made in the accompanying financial statements.”

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IRS990/OtherSalariesAndWagesGrp/TotalAmt0614271
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IRS990/PayrollTaxesGrp/TotalAmt020650
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IRS990/PledgesAndGrantsReceivableGrp/EOYAmt01193372
IRS990/PoliciesReferenceChaptersInd0false
IRS990/PoliticalCampaignActyInd0false
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IRS990/PrincipalOfcrBusinessName/BusinessNameLine1Txt0Joseph Johnson
IRS990/PriorPeriodAdjustmentsAmt0-5750
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IRS990/ProgramServiceRevenueGrp/Desc0PUBLIC POLICY TRAINING
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IRS990/ReceivablesFromOfficersEtcGrp/BOYAmt00
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IRS990/RelatedOrganizationsAmt00
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IRS990/RentalIncomeOrLossGrp/RealAmt00
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IRS990/SavingsAndTempCashInvstGrp/BOYAmt01282445
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IRS990ScheduleA/First5Years170Ind0X
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IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt01114578
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IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt02256
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IRS990ScheduleA/SubstantialContributorsTotAmt05598201
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft170Grp/TotalAmt00
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IRS990ScheduleA/TotalSupportAmt06570299
IRS990ScheduleA/UnrelatedBusinessNetIncm170Grp/TotalAmt00
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IRS990ScheduleD/OtherExpensesNotIncludedAmt00
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IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0Federal Income Taxes
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1INTERCOMPANY TRANSACTIONS
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IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0The Foundation is exempt from federal and state income taxes as a public charity under Section 501(c)(3) of the Internal Revenue Code (IRC). Accordingly, no provision for income taxes has been made in the accompanying financial statements.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0Schedule D, Part X, Line 2 FIN 48 (ASC 740) footnote
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IRS990ScheduleD/TotalLiabilityAmt0184806
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IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0John Moriarty
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0Executive Director
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IRS990ScheduleJ/SeverancePaymentInd0false
IRS990ScheduleJ/SupplementalNonqualRtrPlanInd0false
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/NameOfInterested/BusinessName/BusinessNameLine1Txt0ANTONY BUGG-LEVINE
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/RelationshipDescriptionTxt0BUSINESS TRANSACTION WITH OFFICER
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/SharingOfRevenuesInd0false
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionAmt067753
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionDesc0CONSULTING SERVICES
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Certain individuals listed on Part VII are paid by LS Administration, LLC, a related organization. Lafayette Square Foundation, Inc. reimburses LS Administration, LLC through a management services agreement relating to the compensation paid to these individuals for services provided to Lafayette Square Foundation, Inc.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Antony Bugg-Levine, Joseph Johnson, Caitlin McLaughlin, Damien Dwin and John Moriarty - Business relationship
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2The sole member of Lafayette Square Foundation, Inc. is Lafayette Square Holding Company, LLC, which is a related entity.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3As the sole member, Lafayette Square Holding Company, LLC has the authority to elect members of the governing body.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE FORM 990 IS PREPARED BY AN OUTSIDE ACCOUNTING FIRM. THE FORM 990 IS MADE AVAILABLE AND REVIEWED BY THE FOUNDATION'S BOARD OF DIRECTORS PRIOR TO ITS SUBMISSION TO THE INTERNAL REVENUE SERVICE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5Lafayette Square Foundation, Inc. has a conflict of interest policy that requires members of the board of directors, officers and key employees to complete a conflict of interest annual statement of disclosure. The annual statement of disclosure requires each individual to confirm if any actual or potential conflicts of interest exist, and to affirm that they have read and understand the conflict of interest policy. An individual that has a conflict, or potential conflict, is not permitted to debate, vote, or otherwise participate in such determination. The board of directors will determine the appropriate remedy if a conflict of interest does exist.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6The Board annually reviews and determines the compensation of those who perform a substantial amount of their work for LSF. The Board uses comparable data and approves the compensation structure. The compensation is paid by a related, for-profit, organization under a shared services agreement.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7Lafayette Square Foundation, Inc. makes its governing documents and conflict of interest policy available upon request. A copy of the Form 990 is also available upon request.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part V, Line 2a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Line 2 Family/business relationships amongst interested persons

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