LOCAL INITIATIVES SUPPORT CORPORATION Charity Report

Public IRS 990 nonprofit record

LOCAL INITIATIVES SUPPORT CORPORATION

EIN 13-3030229 · Community Improvement & Capacity Building (S200)

What they do

TOGETHER WITH RESIDENTS and PARTNERS, THE ORGANIZATION FORGES RESILIENT and INCLUSIVE COMMUNITIES of OPPORTUNITIES ACROSS AMERICA - GREAT PLACES to LIVE, WORK, VISIT, DO BUSINESS and RAISE FAMILIES.

Before you give

Should I give to this charity?

Easy charity check

Look at where the money went

Of every $100 spent, about $87.90 was reported for mission work. Use the spending picture below and ask what results that work produced.

Plain answer: A tax form cannot prove that a charity is doing good. It can show how the charity says it spent its money—and point out questions you should ask.

Basic facts we verified

IRS warning checkNo IRS revocation warning appears in this data.

Money report from 2024The charity has a recent tax report to read.

They explain their jobThe charity tells us what it is trying to do.

They name their leaders74 people are listed in the latest report.

You can reach themThey list contact information, so you can ask questions.

Money made simple

83.19%of revenue went to mission work87.9% of expenses · Program services

2.93%of revenue went to fundraising3.1% of expenses

$94.69spent for every $100 of revenueRevenue covered expenses this year.

8.57%of revenue went to management and office costs9.0% of expenses

$4.77in assets for every $1 spent this yearSome assets cannot be spent right away.

73.3%of its money came from giftsOther money may come from services or investments.

Ask these three easy questions

Who did you help? Ask for a recent story or report that shows real results.
What will my money do? Ask exactly what your gift will pay for.
Is this really the charity? Give only through its official website or confirmed phone number.

Pay context: The highest compensation shown in this filing is $857,480 for MICHAEL PUGH (DIRECTOR/CEO). Compare pay with organizations of similar size and complexity.

Bottom line: Do not decide from a name, mission statement, or tax status alone. Look at where the money went, then ask what changed, who was helped, and what your gift will do. YouCanGiveBack does not endorse or grade organizations.

Money

Financial picture

Tax year 2024

A plain-language look at the latest Form 990 figures available. These numbers help you ask better questions; they do not, by themselves, rate whether a charity is good or bad.

$100revenue

How each $100 of revenue was used

The large number compares each expense with revenue. The smaller number shows its share of total expenses.

Total reported revenue$363,857,494

Mission workProgram services$302,702,70883.19% of revenue87.9% of expenses

ManagementOffice and general costs$31,174,9778.57% of revenue9.0% of expenses

FundraisingAsking for donations$10,653,5502.93% of revenue3.1% of expenses

Revenue left after expensesReported annual surplus$19,326,2595.31% of revenueShown in gray on the chart

Total expenses$344,531,23594.69% of revenue

Gray means reported revenue left after expenses for this filing year. It does not necessarily mean cash sitting in a bank account.

Has the pattern changed?

Colored bars = expense mix: how each year’s expenses were divided. Total expenses vs. revenue shows whether the charity spent less or more than it received. The current filing is first.

YearExpense mixDetails

2024CurrentExpense mix: 87.9% mission · 9.0% management · 3.1% fundraisingTotal expenses: 94.69% of revenue

2023Expense mix: 89.5% mission · 7.8% management · 2.7% fundraisingTotal expenses: 99.92% of revenue

2022Expense mix: 84.6% mission · 12.1% management · 3.3% fundraisingTotal expenses: 97.54% of revenue

2021Expense mix: 81.4% mission · 15.2% management · 3.4% fundraisingTotal expenses: 77.47% of revenue

2020Expense mix: 88.9% mission · 9.0% management · 2.1% fundraisingTotal expenses: 80.93% of revenue

2019Expense mix: 78.2% mission · 17.5% management · 4.3% fundraisingTotal expenses: 80.46% of revenue

2018Expense mix: 77.8% mission · 17.2% management · 5.0% fundraisingTotal expenses: 81.05% of revenue

2017Expense mix: 80.7% mission · 13.3% management · 5.9% fundraisingTotal expenses: 94.47% of revenue

Money in and money out

Revenue$363,857,494

Expenses$344,531,235

Annual surplus $19,326,259 Revenue was higher than expenses for this filing year.

Reported spending amounts

Mission work means the Form 990 category called program services. These are reported accounting categories—not an independent measurement of results.

Mission work (program services)$302,702,708 · 87.9% of expenses

Management and office costs$31,174,977 · 9.0% of expenses

Fundraising$10,653,550 · 3.1% of expenses

See all reported dollar amounts

Revenue$363,857,494

Expenses$344,531,235

Assets$1,641,792,900

Income$510,583,530

Contributions$266,697,606

Mission work (program services)$302,702,708

Fundraising$10,653,550

Grants given$853,190,514

Average grant$57,016

Management and general$31,174,977

Executive compensation (total)$1,805,311

Stocks and bonds$100,123,723

Accounting fees$566,208

Investing fees$580,807

People

Leadership and board

Tax year 2024

Names, titles, time, and compensation below are reported by the organization on its Form 990.

People reported as paid

Person and titleCompensation

MICHAEL PUGHDIRECTOR/CEO · 35 hrs/week $857,480Base $688,920 · Other $168,560

DENISE NOTICE-SCOTTFORMER PRESIDENT $668,663Base $659,579 · Other $9,084

KEVIN BOESCEO - BROADSTREET · 35 hrs/week $645,539Base $407,646 · Other $237,893

STEVEN PETSOSPRESIDENT - BROADSTREET · 35 hrs/week $564,024Base $355,199 · Other $208,825

CHRISTINA TRAVERSEVP/CFO · 35 hrs/week $528,528Base $402,343 · Other $126,185

ROBERT COONEYSVP/GENERAL COUNSEL · 38 hrs/week $491,551Base $370,806 · Other $120,745

MATTHEW JOSEPHSSVP · 35 hrs/week $419,114Base $313,635 · Other $105,479

MIRANDA JONESSVP · 35 hrs/week $410,697Base $313,724 · Other $96,973

ADRIANA SANDOVALCFO BROADSTREET IMPACT SERVICES, LLC · 35 hrs/week $405,518Base $275,469 · Other $130,049

SHAWN LUTHERSVP, CHIEF CREDIT OFFICER · 35 hrs/week $393,468Base $296,201 · Other $97,267

BARBARA LIBOVESVP & DEPUTY CFO · 35 hrs/week $391,700Base $284,498 · Other $107,202

MICHAEL SKREBUTENASSVP · 35 hrs/week $378,333Base $278,585 · Other $99,748

Compensation alone does not tell whether pay is reasonable. Consider the charity’s size, work, location, and results.

See everyone listed on the board or leadership roster (74)

MICHAEL PUGHDIRECTOR/CEO

DENISE NOTICE-SCOTTFORMER PRESIDENT

KEVIN BOESCEO - BROADSTREET

STEVEN PETSOSPRESIDENT - BROADSTREET

CHRISTINA TRAVERSEVP/CFO

ROBERT COONEYSVP/GENERAL COUNSEL

MATTHEW JOSEPHSSVP

MIRANDA JONESSVP

ADRIANA SANDOVALCFO BROADSTREET IMPACT SERVICES, LLC

SHAWN LUTHERSVP, CHIEF CREDIT OFFICER

BARBARA LIBOVESVP & DEPUTY CFO

MICHAEL SKREBUTENASSVP

CELAYNE HILLSVP & SECRETARY

MEGHAN K HARTESENIOR EXECUTIVE DIRECTOR

KENNETH PATRICK MAHERSVP & SECRETARY

JESSICA HARTVP

TAHIRIH ZIEGLERSVP

MIKE HUMBERSTONEVP

COLLETTE WILLIAMSVP & CONTROLLER

TIFFANY DURRSVP AND PRESIDENT OF LISC FUND MGMT

JOSEPH M HORIYEVP

MADELINE FRASER COOKSVP

VALERIE WHITESENIOR EXECUTIVE DIRECTOR

WILLIAM TAFTSVP

MANPREET MANGATVP

COURTNEY BRANKERVP FINANCE & CAPITAL STRATEGIES

JEANNE COLASENIOR EXECUTIVE DIRECTOR

YVONNE NOLANVP

VUSLAT EKSIVP

NICOLE WILLIAMSEXECUTIVE DIRECTOR

DAVID GREENBERGVP

SEUNG KIMSVP

PAUL SANTANNASVP

STEVE HALLVP

BEVERLY SMITHVP

LAURA JARAMILLOEXECUTIVE DIRECTOR

AFRAA SALEMVP

VANESSA RYANVP

CONSTANCE MAXEVP

TIFFANY ROYSTERVP

NADIA VILLAGRANVP

TYLER RUBINVP

MARY TALBOTVP

KIMBERLY CUTCHERVP

LAUREL ENGBRETSONVP

ANNA ALEKSEYEVAOUTGOING SVP

GEORGE ASHTON IIIOUTGOING MANAGING DIRECTOR

RUTH JONES NICHOLSEVP

MICHAEL TANGSVP

DANIEL NEIL MAXWELLSVP

DEANNA L HAMILTONSVP

LISA GLOVERFORMER CEO

JOHN MOONSVP AND PRESIDENT, LISC GREEN

CAITLIN CAINOUTGOING VICE PRESIDENT

SALLY DURDANDIRECTOR

ZACHARY BOYERSDIRECTOR

ROLAND ANGLINDIRECTOR

JERRY RICKETTDIRECTOR

ALISAHAH JACKSON MDDIRECTOR

ANTONIO MANNINGDIRECTOR

CHARLES SMITHDIRECTOR

CURTIS REED JRDIRECTOR

DAVID HESSDIRECTOR

ELLEN GILLIGANDIRECTOR

GREGORY BELINFANTIDIRECTOR

GREGORY FAIRCHILDDIRECTOR

ROBERT RUBINCHAIRMAN & DIRECTOR

KATHRYN E MERCHANTDIRECTOR

LISA CASHINVICE CHAIR & DIRECTOR

LISA HASEGAWADIRECTOR

MICHELLE DE LA UZDIRECTOR

NICOLE ARNABOLDIDIRECTOR

NILDA RUIZDIRECTOR

REY RAMSEYDIRECTOR

About this charity

Recognized since: January 1980
Location: 28 LIBERTY ST 34TH FL, NEW YORK, NY 10005-1526
County: New York
In care of: % LILY LIM
Primary officer: COLLETTE WILLIAMS, SVP & CONTROLLER

How to reach them

WebsiteVisit the charity’s website Phone(212) 455-9800

Filing and classification

Latest tax year: 2024
Tax period began: January 1, 2024
Return type: 990
Tax preparer: COHNREZNICK ADVISORY LLC
NTEE classification: Community Improvement & Capacity Building (S200)
IRS tax category: Civic and Social Organizations
Grant-giving organization: Yes