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Nonprofit · EIN 91-2141507

LEV FOUNDATION

Tax-exempt · SEATTLE, WA 98119

Financials

$1.5M$2.4M2023$3M$2.4M2024
Revenue Expenses · by fiscal year end
Financials of LEV FOUNDATION by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990$2,968,381$2,385,601$582,780$2,622,750$495,825$2,126,925
December 31, 2023990$1,541,327$2,417,477-$876,150$2,060,406$516,261$1,544,145
Financial details: 990 for the year ended December 31, 2024

Revenue

Contributions, gifts and grants
$2,949,562
Program service revenue
$0
Investment income
$18,624
Other revenue
$195

Expenses

Grants and similar amounts paid
$1,001,526
Compensation of officers, directors and key employees
$469,843
Other salaries and wages
$457,774
Salaries, compensation and benefits (total)
$1,065,219
Professional fundraising fees
$29,800
Legal fees
$85
Accounting fees
$22,392
Occupancy
$88,630
Program services (functional)
$1,978,542
Management and general (functional)
$233,380
Fundraising (functional)
$173,679

Balance sheet and other

Total assets, start of year
$2,060,406
Total assets, end of year
$2,622,750
Total liabilities, end of year
$495,825
Net assets, end of year
$2,126,925
Net assets without donor restrictions
$1,047,825
Net assets with donor restrictions
$1,079,100
Gross receipts
$2,968,381
Employees
11
Volunteers
7
Year formed
2001
State of legal domicile
WA

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 for the year ended December 31, 2024, highest compensation first.

NameTitleHours / weekCompensationOther / benefits
Arik KormanCEO
Officer
40$170,286$10,920
Eric HolzapelCEO
Officer
40$135,781$10,887
Jacob VelaCPO
Officer
40$131,085$10,886
Ben MitchellPresident
Trustee or director, Officer
4$0$0
Amy CampbellSecretary
Trustee or director, Officer
2$0$0
Becky NissenTreasurer
Trustee or director, Officer
2$0$0
Maria ZontineDirector
Trustee or director
2$0$0
Alison McCartanDirector
Trustee or director
2$0$0
Dan EfflandDirector
Trustee or director
2$0$0
Allison LeepDirector
Trustee or director
2$0$0
Nicole Jenkins-RosenkrantzDirector
Trustee or director
2$0$0
990 for the year ended December 31, 2023: 11 people
NameTitleHours / weekCompensationFrom related orgsOther / benefits
ARIK KORMANINTERIM CO-CEO
Officer
40$127,600$0$13,953
ERIC HOLZAPFELINTERIM CO-CEO
Officer
40$127,162$0$14,077
JACOB VELAINTERIM CO-CEO
Officer
40$122,467$0$14,080
LAURI HENNESSEYCEO
Officer
38$46,452$2,522$1,147
BEN MITCHELLCHAIR
Trustee or director, Officer
1$0$0$0
BECKY NISSENTREASURER
Trustee or director, Officer
1$0$0$0
AMY CAMPBELLSECRETARY
Trustee or director, Officer
1$0$0$0
YELIAS BENDERBOARD MEMBER
Trustee or director
1$0$0$0
GOLDY BROWNBOARD MEMBER
Trustee or director
1$0$0$0
MARCUS PIMPLETONBOARD MEMBER
Trustee or director
1$0$0$0
MARIA ZONTINEBOARD MEMBER
Trustee or director
1$0$0$0

Address and contacts

Address (IRS master file)
3450 16TH AVE W STE 302A, SEATTLE, WA 98119-1667
In care of
% LISA MACFARLANE
Principal officer (990 for 2024)
Arik Korman, 3450 16th Ave W Ste 320A, Seattle, WA 98109
Signed the 990
Arik Korman, CEO
Phone
(206) 728-6448
Return prepared by
JACOBSON LAWRENCE & ASSOCIATES PLLC

Mission

LEV Foundation acts to serve the interests of students and families across the State of Washington to improve education access and quality. Particularly those who have been harmed by historical and systemic inequities.

990 for the year ended December 31, 2024

Program accomplishments

  • Grant Making/Sponsorship - LEV Foundation provides public benefit by making grants to organizations in order to advance the foundation's mission. South Shore School supports a public Pre-K to 8 in the southeast area of Seattle with enhanced funding for free Pre-K, smaller class sizes in K-2, and other enrichments to support the whole child: Mind, Body, and Spirit.
    Expenses $1,103,679 · grants $988,236
  • LEV Foundation educates communities, policymakers, and families with research-driven educational practices and policies so they can advocate for high-quality, fully funded, and equitable public education for each and every Washington State student. Through our levinars, podcasts, and other platforms, LEV Foundation participated in and amplified important discussions happenings around student supports and school funding issues, especially as it relates to student mental health, advancing educator diversity, and student discipline practices. LEV Foundation also worked with and published guest blogs written by the legislative Youth Advisory Council (LYAC) about the need for inclusive education in schools. Through our field work, we continued convening a legislative working table centered on and interrupting the school-to-prison pipeline. We will continue to prioritize and the importance of fostering safe learning environments and providing student supports.
    Expenses $491,564 · grants $715
  • LEV Foundation serves as one of the go-to resources for the general public and policymakers, including the media, legislators, state education agencies, and communities across Washington State, our research-based, community-driven policy recommendations come from deep engagement in Washington across multiple stakeholder sectors including community-based organizations, families, practitioners, and school districts. LEV Foundation worked in partnership with open doors for multicultural families, tree house, and the Arc of King County to improve student outcomes. In 2023, LEV Foundation worked toward system change in a number of ways, including engaging in advocacy with the State Office of the Superintendent of Public Instruction (OSPI) and the Washington State Board of Education (SBE) to provide more supports for students who receive special education services and to develop a statewide school climate survey.
    Expenses $383,299 · grants $12,575

What it must file and when

IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.

Tax yearYear endedDueIRS public records
2025December 31, 2025May 15, 2026Not on file
2024December 31, 2024May 15, 2025990 on file
2023December 31, 2023May 15, 2024990 on file

IRS record

EIN
91-2141507
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
2001
Accounting year ends
December
Files
Form 990 or 990-EZ
Assets (IRS master file)
$2,622,750
Income (IRS master file)
$2,968,381

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2024$2,968,381$2,385,601$2,622,750IRS
990December 2023$1,541,327$2,417,477$2,060,406XML
990December 2022$2,793,076$2,381,955$3,050,666IRS
990December 2021–––IRS
990December 2020–––IRS
990December 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 91-2141507).

Questions about LEV FOUNDATION

What is the EIN of LEV FOUNDATION?
The employer identification number (EIN) of LEV FOUNDATION is 91-2141507.
Is LEV FOUNDATION tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2001.
Are donations to LEV FOUNDATION tax-deductible?
Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
Which annual return does LEV FOUNDATION file?
Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
When is the next return of LEV FOUNDATION due?
The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
When did LEV FOUNDATION last file with the IRS?
The latest return in the IRS public files is the 990 for the year ended December 2024.
Who is the principal officer of LEV FOUNDATION?
The 990 for the year ended December 31, 2024 names Arik Korman.
Who are the officers and directors of LEV FOUNDATION?
The 990 for the year ended December 31, 2024 lists 11 people; 3 received compensation from the organization, the highest $170,286 (Arik Korman, CEO).
How much revenue does LEV FOUNDATION have?
On its 990 for the year ended December 31, 2024 it reported revenue of $2,968,381, expenses of $2,385,601 and total assets of $2,622,750 at year end.

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