Nonprofit · EIN 13-3953427
THE LESC FOUNDATION INC
Also known as ANGEL STREET THRIFT SHOP
Tax-exempt · NEW YORK, NY 10038
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990-EZ | $38,489 | $17,732 | $20,757 | $49,786 | $0 | $49,786 |
| June 30, 2024 | 990 | $34,945 | $12,624 | $22,321 | $29,029 | $0 | $29,029 |
| June 30, 2023 | 990 | $17,007 | $41,561 | -$24,554 | $15,073 | $8,365 | $6,708 |
Financial details: 990-EZ for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $40,124
- Net income from fundraising events
- -$1,635
Expenses
- Compensation of officers, directors and key employees
- $0
- Professional fees and payments to contractors
- $3,391
- Other expenses
- $14,341
- Program services (functional)
- $14,123
Balance sheet and other
- Total assets, start of year
- $29,029
- Total assets, end of year
- $49,786
- Total liabilities, end of year
- $0
- Net assets, end of year
- $49,786
- Cash, savings and investments
- $8,131
- Land and buildings
- $7,690
- Gross receipts
- $46,074
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990-EZ for the year ended June 30, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| VALERIE WALTERS | PRESIDENT & CEO | 38.5 | $0 |
| CARGIL BERNARD | VP, CHIEF FINANCIAL OFFICE | 38.5 | $0 |
| PATRICIA HOFFMAN | CHAIRPERSON | 0.25 | $0 |
990 for the year ended June 30, 2024: 2 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| VALERIE WALTERS | PRESIDENT & CEO Officer | 1 | $0 | $426,257 | $61,631 |
| CARGIL BERNARD | VP, CHIEF FINANCIAL OFFICE Officer | 1 | $0 | $165,368 | $56,758 |
990 for the year ended June 30, 2023: 2 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| VALERIE WALTERS | PRESIDENT & CEO Officer | 1 | $0 | $304,133 | $47,915 |
| CARGIL BERNARD | VP, CHIEF FINANCIAL OFFICER Officer | 1 | $0 | $153,088 | $52,659 |
Address and contacts
- Address (IRS master file)
- 80 MAIDEN LN RM 305, NEW YORK, NY 10038-4609
- In care of
- % ERNIE COSME
- Signed the 990-EZ
- VALERIE WALTERS, EXECUTIVE DIRECTOR
- Phone
- (212) 566-5372
- Website
- WWW.ANGELSTREETTHRIFT.ORG
- Return prepared by
- GRASSI & CO CPA'S PC
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.
Program accomplishments
- 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.Expenses $14,123
What it must file and when
IRS records say it files Form 990-N (e-Postcard). Gross receipts normally $50,000 or less. Its accounting year ends in June, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | June 30, 2026 | November 16, 2026 | Not due yet |
| 2024 | June 30, 2025 | November 17, 2025 | 990-EZ on file |
| 2023 | June 30, 2024 | November 15, 2024 | 990 on file |
IRS record
- EIN
- 13-3953427
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 1997
- Accounting year ends
- June
- Files
- Form 990-N (e-Postcard)
- Category (NTEE)
- Human services (P29)
- Assets (IRS master file)
- $49,786
- Income (IRS master file)
- $46,074
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-EZ | June 2025 | $38,489 | $17,732 | $49,786 | IRS |
| 990 | June 2024 | $34,945 | $12,624 | $29,029 | IRS |
| 990 | June 2023 | $17,007 | $41,561 | $15,073 | IRS |
| 990 | June 2022 | $82,046 | $310 | $31,262 | IRS |
| 990 | June 2021 | – | – | – | IRS |
| 990 | June 2020 | – | – | – | IRS |
| 990 | June 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 13-3953427).
Questions about THE LESC FOUNDATION INC
- What is the EIN of THE LESC FOUNDATION INC?
- The employer identification number (EIN) of THE LESC FOUNDATION INC is 13-3953427.
- Is THE LESC FOUNDATION INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1997.
- Are donations to THE LESC FOUNDATION INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does THE LESC FOUNDATION INC file?
- Form 990-N (e-Postcard). Gross receipts normally $50,000 or less.
- When is the next return of THE LESC FOUNDATION INC due?
- The return for tax year 2025 (the year ending June 30, 2026) is due November 16, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did THE LESC FOUNDATION INC last file with the IRS?
- The latest return in the IRS public files is the 990-EZ for the year ended June 2025.
- Who are the officers and directors of THE LESC FOUNDATION INC?
- The 990-EZ for the year ended June 30, 2025 lists 3 people; 0 received compensation from the organization.
- How much revenue does THE LESC FOUNDATION INC have?
- On its 990-EZ for the year ended June 30, 2025 it reported revenue of $38,489, expenses of $17,732 and total assets of $49,786 at year end.
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