The Lesc Foundation Inc
Nonprofit profile at a glance
- EIN
- 133953427
- IRS 990-EZ coverage
- 2024–2024
- Forms available
- Form 990 2023, Form 990-EZ 2024
- Location
- New York, NY, USA
- Phone
- 2125665372
- Rating
- 68
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
- Sector
- Thrift Shops
Reported finances
- Revenue
- $38,489
- Expenses
- $17,732
- Assets
- $49,786
- Liabilities
- $0
Source: IRS Form 990-EZ. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
3 people listed
Executive titles in this filing
- VALERIE WALTERS (PRESIDENT & CEO)
People named in this filing
- VALERIE WALTERS (PRESIDENT & CEO)
- CARGIL BERNARD (VP, CHIEF FINANCIAL OFFICE)
- PATRICIA HOFFMAN (CHAIRPERSON)
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 benefit not-for-profit organizations located on the lower east side of manhattan with programs providing substance abuse and/or mental health treatment for clients.
What it reported doing in 2024
Proceeds from our annual benefit provide funding for innovative programs for individuals and families affected by substance abuse, HIV/AIDS, and mental illness. It also provides employment and training to clients involved in substance abuse and/or mental health treatment programs.
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 100% 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 - The filed numbers largely add up and revenue comfortably covers expenses. A relatively small share of available resources goes toward mission work and revenue has declined or grown slowly.
Rating breakdown
- Financial Efficiency: 53
- Transparency & Controls: 94
- Sustainability: 79
- Growth: 0
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 36.7%; rating input score 37
- Program expense ratio: 79.6%; rating input score 80
Transparency & Controls
- Consistency checks: 92.9%; rating input score 93; 3rd percentile among comparable filings
- Major donor itemization: Yes; rating input score 100
Sustainability
- Operating margin: 53.9%; rating input score 92; 92nd percentile among comparable filings
- Total-asset coverage ratio: 2.81; rating input score 73; 73rd 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: Limited
- Revenue growth: -14.2% per year; rating input score 0; 19th percentile among comparable filings
- Asset growth: -18.8% per year; rating input score 0; 11th percentile among comparable filings
Details
- Where the money goes: 36.7% of revenue deployed · 79.6% of spending went to programs
- Governance: Filed governance answers
- Accomplishments: 1 filed program accomplishment · $14K in reported program spending
- Leadership: top reported pay $0 · 3 people listed
- Consistency: 8 of 8 current checks pass
- Schedules: 4 filed schedules
- Contacts: How to reach this organization
- Related organizations: 1 filed related-organization link
- 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.
- Moderate — Financial Efficiency: Mission deployment rate scored 37/100.
- High — Growth: Revenue growth scored 0/100.
- High — Growth: Asset growth scored 0/100.
- Review — Sustainability: Officer compensation ratio scored 56/100.