Leonidas Foundation

Nonprofit profile at a glance

EIN
813116420
IRS 990 coverage
2016–2024
Forms available
Form 990 2024, Form 990-N 2016
Location
Cliffside Park, NJ, USA
Phone
9736153501
Rating
64
Verdict
SUPPORTED
Rating confidence
Moderate
Sector
Fund Raising and Fund Distribution

Official website

Reported finances

Revenue
$96,523
Expenses
$90,500
Assets
$80,859
Liabilities
$0

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

Leadership & pay

7 people listed

Executive titles in this filing

  • STEPHANIE FUNCASTA (VICE PRESIDENT)
  • JAMES EBERT (PRESIDENT)

People named in this filing

  • TEDDY VAGIAS (TRUSTEE)
  • FRANCES VAGIAS (TRUSTEE)
  • ALEXANDRA VAGIAS (TRUSTEE)

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

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

Overview

Mission

The leonidas foundation is dedicated to promoting emerging young men with a desire for service, knowledge and fellowship. While maintaining a strong love of god, country and brotherhood, we engage in productive and humanitarian endeavors to foster scholarship, mentorship and public service with honor, prowess and integrity.

What it reported doing in 2024

The organization is in the process of creating the groud work to create the l.e.o (leadership, entrepreneurship opportunity)program at high schools in north jersey. The organization has supplied funding for the creation of a classroom at don bosco high school in ramsey New Jersey. The classroom is equiped with computers, desks etc. The organization has provided funding for a teacher and the development of a curriculum in the field of business. Additionally, a three day trip to Washington dc took place in june where students were able to engage with various business leaders as well as members of congress. The goal of the program is to challenge students in a "shark tank like competition to develop creative business ideas. The funidng to the high schools to establish the l.e.o program will include funding for supplies, guest speakers and instruction.

Operating model

Revenue model
Donor-supported. 100% of the money available for current operations came from contributions and gifts.
Distribution model
Direct operator. The filing allocates 84% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.

The verdict

SUPPORTED - A large share of available resources goes toward mission work and the filed numbers largely add up. A relatively small share of voting board members are independent and some filing-based governance responses are negative or unanswered.

Rating breakdown

  • Financial Efficiency: 86
  • Transparency & Controls: 75
  • Accountability: 12
  • Sustainability: 51
  • Growth: 40

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 93.8%; rating input score 94
  • Program expense ratio: 100%; rating input score 100
  • Fundraising efficiency: Limited

Transparency & Controls

  • Consistency checks: 83.3%; rating input score 83; 4th percentile among comparable filings
  • Pay-setting controls: Limited
  • Foreign activity oversight: Limited
  • Grant itemization coverage: Limited
  • Major donor itemization: Limited
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 0%; rating input score 0; 9th percentile among comparable filings
  • Governance controls: 2 of 7 controls in place; rating input score 29
    • Conflict-of-interest policy: Fail
    • Whistleblower policy: Fail
    • Document-retention policy: Fail
    • CEO compensation review process: NotApplicable
    • Other executive compensation review process: NotApplicable
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Missing
    • Independent financial-statement audit: Fail

Sustainability

  • Operating margin: 6.2%; rating input score 62; 62nd percentile among comparable filings
  • Total-asset coverage ratio: 0.89; rating input score 23; 23rd percentile among comparable filings
  • Liabilities to assets ratio: 0; rating input score 69; 69th percentile among comparable filings
  • Officer compensation ratio: 0%; rating input score 60; 60th percentile among comparable filings

Growth

  • Program expense growth: 14.4% per year; rating input score 100; 80th percentile among comparable filings
  • Revenue growth: -2.2% per year; rating input score 0; 52nd percentile among comparable filings
  • Asset growth: -3.1% per year; rating input score 0; 26th percentile among comparable filings

Details

  • Where the money goes: 93.8% of revenue deployed · 100% of spending went to programs
  • Governance: 0 of 7 board members independent · 2 of 7 filing controls reported
  • Programs: 1 filed program accomplishment · $90K in reported program spending
  • Leadership: top reported pay $0 · 7 people listed
  • Consistency: 14 of 16 current checks pass · 2 findings to review
  • Schedules: 4 filed schedules
  • Filing history: 8 filing years from 2016 to 2024
  • Contacts: How to reach this organization
  • Money network: Resolved incoming and outgoing counterparties from filed money flows.
  • Related organizations: Filed and resolved organization relationships.
  • 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 — Accountability: Independent voting board scored 0/100.
  • High — Accountability: Governance controls: 4 of 6 not reported.
  • High — Growth: Revenue growth scored 0/100.
  • Moderate — Transparency & Controls: Schedule A contributions reconciliation did not reconcile in the filed values.
  • Review — Transparency & Controls: Domestic grant itemization did not reconcile in the filed values.
  • High — Sustainability: Total-asset coverage ratio scored 23/100.
  • High — Growth: Asset growth scored 0/100.