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THE LELT FOUNDATION INC

NEW YORK, NY · EIN 453179626 · Form 990 · FY2024 · NTEE Q33 · International Affairs · Small ($100K-$1M) · leltfoundation.org
revenue
$216K
expenses
$307K
net assets
$608K
employees
0
volunteers
10
program ratio
94%
mission · from form 990

Lelt Foundation Inc. is dedicated to breaking the cycle of poverty through education, quality nutrition and job creation resulting in more sustainable communities in Kara Kore and Hosanna, Ethiopia. All activities are performed with complete financial transparency.

profile · synthesized from sources

The Lelt Foundation supports disadvantaged children and young adults in Ethiopia by providing scholarships, academic support, and holistic family services. Operating primarily in Kara Kore and Addis Ababa, the organization focuses on breaking the cycle of poverty through education, nutrition, job creation, and digital skills training. It emphasizes long-term student development and community sustainability with a commitment to financial transparency.

named programs · 7 · from sources

What they call their work

Academic Support and Tutorial Program
Offers tutoring and academic assistance to scholarship recipients to ensure sustained educational progress.
Digital Skills Training
Provides ICT training and access to computer labs, especially during emergencies like school closures, to build technology fluency among students.
Family Support Services
Provides food rations, medical assistance, and counseling to improve the well-being of students' families.
Music and Arts Program
Offers music education and cultural activities, including instruction in traditional instruments like the masinko.
Scholarship Program
Provides full and partial scholarships to cover tuition and school-related expenses for students from elementary through college levels.
Special Needs Intervention
Supports children with learning difficulties such as dyslexia and dysgraphia through targeted tutoring and individualized assistance.
Summer Tutorial Program
Annual summer program where university students mentor and tutor younger children preparing for the upcoming school year.
activities · 7 groups

What they do

  • Individual Child Education Sponsorship 2 activities
    • Awards scholarships for primary, secondary, and higher education
      Provides full scholarships and financial support for disadvantaged students in Ethiopia, covering tuition, school supplies, transportation, and living expenses for private and public schools, including Amanuel Academy and Abel Academy, as well as university-level studies in fields such as IT and web development.
    • Supports student education through individualized program enrollment
      Enrolls individual students such as Meron Tadele, Mekdes Bedilu, Yohannes Hussein, Zeritu Melak, Balami Alemu, and Sintayehu "Santa" Solomon in long-term educational support programs, covering costs from primary through university levels and enabling academic progression and success.
  • After-School Academic and Enrichment Programs 1 activity
    • Delivers comprehensive educational and social services to students and families
      Offers tutorial support, computer training, music classes, food rations, counseling, and medical assistance to disadvantaged students and their families in Ethiopia, including emergency support during crises and targeted academic interventions for learning difficulties such as dyslexia and dysgraphia.
  • Career and Technical Education Programs 1 activity
    • Funds vocational training and employment programs
      Provides full scholarships for vocational training in high-demand fields such as cosmetology, auto mechanics, and hospitality, leading to employment and economic independence for program participants.
  • Program Evaluation and Impact Research 1 activity
    • Monitors and evaluates program outcomes
      Conducts data collection and interviews to monitor educational and employment outcomes of program participants, supporting continuous improvement and impact assessment.
  • Digital Literacy Training and Technology Access 1 activity
    • Operates digital empowerment and ICT training programs
      Runs a full-time technology center offering structured ICT training and summer IT courses; engages program graduates to teach digital skills to other youth, supporting digital literacy and capacity building in the community.
  • Integrated Community-Led Development Programs 1 activity
    • Provides integrated support to impoverished families in Ethiopia
      Implements programs in nutrition, education, and job creation to promote sustainable communities in Karakore and Hosanna, Ethiopia, including providing daily meals, food rations, educational assistance, and business training to help families escape poverty.
  • Uncategorized 1 activity
    • Awards the Cabrera Memorial Scholarship
      Funds the Cabrera Memorial Scholarship to support students pursuing higher education in Ethiopia.
financials · form 990 · fy2024
revenue
Total revenue$216K
Contributions & grants$214K99%
Program service revenue$00%
Investment income$1K1%
Other revenue$0
expenses
Total expenses$307K
Program expenses94%
Admin / overhead5%
Fundraising1%
Salaries & benefits$0
Grants paid out$286K
Largest expense lineProfessional Fees
balance sheet
Total assets$608K
Cash$593K
Investments$0
Liabilities$708
Net assets$608K
Liquid reserves23.2 mo
5 years on record · 2020–2024 · YoY revenue -44.8%
leadership · form 990 part vii · fy2024

Who runs it

board members · 9
  • Anja Wood — President
  • Candace Prezens — Director
  • Carlos Cabrera — Director
  • Danielle Schmidt — Director
  • Diane Curley — Director
  • Jay Sternstein — Treasurer
  • Jeffrey Weiser — Director
  • Suzzy McLean — Secretary
  • Wonde Pawlose — Director
relationships · 18

Who they work with

  • ADM Investor Services Partner — Corporate donor providing financial or in-kind support
  • Abel Academy Partner — Partner school where Lelt Foundation sponsors students to attend.
  • Admas University Partner — Supported student enrollment and attendance through financial and logistical assistance.
  • Amanuel Academy Partner — Partner school where Lelt Foundation sponsors students to attend.
  • Bank of America Partner — Corporate donor providing financial or in-kind support
  • Barclays Partner — Corporate donor providing financial or in-kind support
  • Goldman Sachs Partner — Corporate donor providing financial or in-kind support
  • Jefferies Partner — Corporate donor providing financial or in-kind support
  • Kechene Orphanage Partner — Source of scholarship recipients and community engagement for supported students.
  • Meseret Girma Partner — Parent of Lelt Scholar Meron Tadele
  • MusicGiveLife Partner — Partnership at Lelt’s community center enabling music education and artistic development for youth.
  • Private donors Funder — Private donors cover operating costs so that 100% of public donations fund programs in Ethiopia.
  • Queens College Partner — Lelt Foundation supported Yohannes Hussein’s enrollment and studies at Queens College in Addis Ababa.
  • ROW Asset Management Partner — Corporate donor providing financial or in-kind support
  • Repi Japan School Partner — School that referred Yohannes Hussein to Lelt Foundation for support.
  • Tadele Dendena Partner — Parent of Lelt Scholar Meron Tadele
  • UBS Partner — Corporate donor providing financial or in-kind support
  • family welfare division of the Ethiopian government Government — Audits and analyzes Lelt Foundation's programs, consistently rating them among the highest in the region.
strategies · 3

How they approach the work

Named approaches extracted from this org’s sources. Where others share an approach, follow it to see the full set of orgs running it.

  • Education and Economic Empowerment through Entrepreneurship and Vocational Training
    methodology: economic-mobility-through-education
    By offering adult education, vocational training, and microfinance opportunities to parents, we promote intergenerational economic mobility because family financial independence reduces barriers to children's education and creates sustainable community change.
  • Holistic Family Support Model to Enable Educational Persistence
    methodology: holistic_family_support
    By providing sustained educational support alongside family-level services such as nutrition and economic assistance, we enable disadvantaged students to remain in school and succeed academically because educational outcomes are deeply tied to household stability and long-term engagement.
  • Integrated Poverty Alleviation through Nutrition, Education, and Economic Mobility
    methodology: integrated-poverty-alleviation
    By combining nutrition support, education access, and economic empowerment programming, we address the root causes of cyclical poverty because these factors are interdependent and mutually reinforcing—improving one without the others yields limited long-term impact.