Leo Impact Fund Inc

Nonprofit profile at a glance

EIN
261959991
IRS 990-EZ coverage
2019–2024
Forms available
Form 990-EZ 2024, Form 990-N 2010
Location
New York, NY, USA
Phone
3015828784
Rating
85
Verdict
STRONG
Rating confidence
Moderate
Sector
Small Business Development

Reported finances

Revenue
$16,292
Expenses
$24,802
Assets
$105,775
Liabilities
$0

Source: IRS Form 990-EZ. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

12 people listed

Executive titles in this filing

  • SARAH MOTTRAM (CO-PRESIDENT)
  • CELESTE YOUNG (CO-PRESIDENT)

People named in this filing

  • KATIE LEONBERGER (DIRECTOR)
  • SARAH MOTTRAM (CO-PRESIDENT)
  • CELESTE YOUNG (CO-PRESIDENT)

Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.

Source: IRS Form 990-EZ. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

To operate as a student-run organization that fosters economic development in underserved communities through debt and equity investments that would not otherwise be made by commercial lenders and investors and related support for small businesses and high-impact startups in the state of New York, throughout the united states and abroad, and provides educational opportunities to business school students through investment target selection, the associated due diligence, and the monitoring of investment performance.

What it reported doing in 2024

Leo impact fund invests philanthropic capital in high-impact, early-stage social enterprises. We strive to educate the next generation of impact investors with hands-on experience, active networks, and educational events.investment - we make debt investments that support social enterprises across the world while maintaining strong relationships with investees to help them develop and grow. In addition to venture debt, we continue to explore opportunities to invest in equity and equity-like securities. Our focus areas include financial inclusion, health, education, and climate solutions.education - through lecture series, speaker panels, conferences, newsletters, and other engagement activities, we provide opportunities for the columbia university community at large to learn about impact investing, network, and find career opportunities in the field. Consulting - we work with investees and other partners to design consulting and due diligence projects carried out by volunteers, primarily columbia mba students. Projects are typically three months long and culminate with consultants traveling and working internationally on-site at no cost to partners.

Operating model

Revenue model
Donor-supported. 73% of the money available for current operations came from contributions and gifts.
Distribution model
Grant intermediary. The nonprofit sent 100% of its reported program spending out as grants.

The verdict

STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Expenses are high relative to revenue and revenue has declined or grown slowly.

Rating breakdown

  • Financial Efficiency: 96
  • Transparency & Controls: 82
  • Sustainability: 44
  • Growth: 40

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 100%; rating input score 100
  • Program expense ratio: 88.7%; rating input score 89

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 52nd percentile among comparable filings
  • Major donor itemization: Limited

Sustainability

  • Operating margin: -52.2%; rating input score 12; 12th percentile among comparable filings
  • Total-asset coverage ratio: 4.26; rating input score 81; 81st percentile among comparable filings
  • Liabilities to assets ratio: 0; rating input score 68; 68th percentile among comparable filings
  • Officer compensation ratio: 0%; rating input score 56; 56th percentile among comparable filings

Growth

  • Program expense growth: 45.3% per year; rating input score 100; 92nd percentile among comparable filings
  • Revenue growth: -1.5% per year; rating input score 0; 45th percentile among comparable filings
  • Asset growth: -3.1% per year; rating input score 0; 28th percentile among comparable filings

Details

  • Where the money goes: 100% of revenue deployed · 88.7% of spending went to programs
  • Governance: Filed governance answers
  • Accomplishments: 1 filed program accomplishment · $22K in reported program spending
  • Leadership: top reported pay $0 · 12 people listed
  • Consistency: 9 of 9 current checks pass
  • Schedules: 2 filed schedules
  • Filing history: 6 filing years from 2019 to 2024
  • Contacts: How to reach this organization
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • High — Sustainability: Operating margin scored 12/100.
  • High — Growth: Revenue growth scored 0/100.
  • High — Growth: Asset growth scored 0/100.
  • Review — Sustainability: Officer compensation ratio scored 56/100.