Comprehensive foundation profile based on the most recent IRS Form 990 filing
Leveraged Foundation is a philanthropic organization based in Cohoes, New York, with a focus on funding initiatives within the state. The foundation has assets totaling $636,736 and reported expenses of $1,376,837 against a revenue of $1,751,646. Despite its expenses exceeding its assets, the foundation continues to operate actively, primarily supporting projects in New York City. Key personnel include Allen Thorpe, who serves as Treasurer, Secretary, and Director, and Meghan Mackay, who is the Executive Director and President. Notably, both individuals receive no compensation for their roles, with Mackay dedicating 60 hours per week to the foundation's activities.
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Financials
+2.6% from previous year
1 grants awarded in 2024
Of total revenue spent on programs
Grants
| Purpose | Location | |||
|---|---|---|---|---|
| $1,600 | THE URBAN ASSEMBLY | GENERAL SUPPORT | New york, NY, US | 2024 |
People
Compensation data from most recent available 990 forms
| Title | |||
|---|---|---|---|
AT
ALLEN THORPE
| TREASURER/SECRETARY/DIRECTOR | $0 | 2024 |
MM
MEGHAN MACKAY
| EXECUTIVE DIRECTOR, PRESIDENT/DIRECTOR | $0 | 2024 |
ALLEN THORPE
TREASURER/SECRETARY/DIRECTOR
MEGHAN MACKAY
EXECUTIVE DIRECTOR, PRESIDENT/DIRECTOR
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Financial data sourced from IRS 990 forms via ProPublica Nonprofit Explorer
View on ProPublica Nonprofit ExplorerLast updated on August 25, 2025