Leadership & Competitive Excellance Foundation

990EZ • Fiscal year 2016 • EIN 20-4207474

Jan 01, 2016 to Dec 31, 2016 • Filed on Oct 26, 2017

Organization Profile LACEFOUNDATION.ORG

2 Broad StreetBloomfield, NJ 07003

(774) 670-3323

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

No value available

Liabilities-to-assets requires both liabilities and assets on this filing.

Source year 2016

No value available

Liabilities-to-revenue requires both liabilities and revenue on this filing.

Source year 2016

17%

Higher net margin than 79% of similar nonprofits.

2016 filings • NTEE N • <$500k nonprofits • Source year 2016

Higher top officer pay than 87% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2016 filings • NTEE N • <$500k nonprofits • Source year 2016

17%

Faster asset growth than 72% of similar nonprofits.

2016 filings • NTEE N • <$500k nonprofits • Annualized from 2015 to 2016

1.8%

Faster revenue growth than 50% of similar nonprofits.

2016 filings • NTEE N • <$500k nonprofits • Annualized from 2015 to 2016

Balance Sheet

Liabilities / AssetsScore unavailable

Assets

$58,430

Up $8,586 (+17%) from 2015

Net Assets

$58,430

Up $8,586 (+17%) from 2015

Liabilities

No earlier filing loaded for comparison.

Revenue And Expenses

Liabilities / RevenueScore unavailable Net Margin79th percentile

Revenue

$50,500

Up $883 (+1.8%) from 2015

Expenses

Down

$41,914

Down $6,651 (-14%) from 2015

Net Income

$8,586

Up $7,534 (+716%) from 2015

Historical Trend

Balance Sheet Trend

Asset Growth72nd percentile

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

Highlighted filing

2016

Assets$58,430

Liabilities-

Net Assets$58,430

Open 2016 Filing

Operations Trend

Revenue Growth50th percentile

Revenue, expenses, and net income across loaded years, with this filing highlighted.

Highlighted filing

2016

Revenue$50,500

Expenses$41,914

Net Income$8,586

Open 2016 Filing

Jump To

Filing Snapshot

Filing Period: Jan 1, 2016 to Dec 31, 2016
Signed: Oct 26, 2017
Return Version: 2016v3.0
Gross Receipts: $50,500

Mission and Program Overview

Mission

To foster national amateur sports competition

Program Services

Description	Grants	Expenses
FUNDS WERE RAISED TO AWARD GRANTS TO RECIPIENTS FOR THEIR CONTINUING EFFORTS IN THE AREA OF COMPETITIVE SPORTS FOR OLYMPIC TRAINING AND OTHER COMPETITIVE SPORTS BASED UPON SKILL, ACADEMIC STANDING, MONETARY NEEDS & AVAILABILITY OF FUNDS.	$864	$41,050

Compensation and Service Providers

Top Officer Pay87th percentile

Employees

Name	Title	Full / Part Time	Base	Other	Total
ROBERT PRESTON	Vice President	-	$0	-	-
ROBERT GRIFFIN	Treasurer	-	$0	-	-
DAVID WAGENER	President	-	$0	-	-

Filing and Contact Details

Filer

Filer Name: Leadership & Competitive Excellence
EIN: 20-4207474
Address: 2 BROAD STREET, BLOOMFIELD, NJ 07003

Signing Officer

Name: David Wagener
Title: President
Signed: 2017-10-26
Discuss with paid preparer: Yes

Preparer

Firm: Dima & Company CPAs PC
Address: 330 Motor Parkway Suite 207, Hauppauge, NY 11788
Preparer: Patricia a Dima
Phone: 6319529010

Supplemental Narrative

Additional Explanations

Grants and Similar Amounts Paid In Excess of $5,000.5

“Class of Activity: SPORTS GRANT | Donee's Name: MUZAFFAR ABDURAKHMANOV | Donee's Address: 305 CALIFORNIA STREET, APT 2 NEWTON MA 02458 | Cash Amount Given: $12500”

Grants and Similar Amounts Paid In Excess of $5,000.7

“Class of Activity: SPORTS GRANT | Donee's Name: GOLD MEDAL WRESTLING CLUB | Donee's Address: 37 VALLEY ROAD ASHLAND MA 01721 | Cash Amount Given: $6500”

Grants and Similar Amounts Paid In Excess of $5,000.12

“Class of Activity: SPORTS GRANT | Donee's Name: BEKZOD ABDURAKMONOV | Donee's Address: 305 California Street Apt 2 Newton MA 02458 | Cash Amount Given: $7500”

Grants and Similar Amounts Paid In Excess of $5,000.16

“| Donee's Name: MICHAEL GREGORY | Cash Amount Given: $8500”

Other Expenses.1

“WEBSITE EXPENSE $544”

Other Expenses.2

“BANK CHARGES $280”

Other Expenses.3

“FILING FEES $40”

Raw XML Appendix156 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

Path	#	Value
IRS990EZ/ActivitiesNotPreviouslyRptInd	0	false
IRS990EZ/BooksInCareOfDetail/PersonNm	0	ROBERT GRIFFIN
IRS990EZ/BooksInCareOfDetail/PhoneNum	0	7746703323
IRS990EZ/BooksInCareOfDetail/USAddress/AddressLine1Txt	0	53 NORTH STREET
IRS990EZ/BooksInCareOfDetail/USAddress/CityNm	0	NORFOLK
IRS990EZ/BooksInCareOfDetail/USAddress/StateAbbreviationCd	0	MA
IRS990EZ/BooksInCareOfDetail/USAddress/ZIPCd	0	02056
IRS990EZ/CashSavingsAndInvestmentsGrp/BOYAmt	0	49844
IRS990EZ/CashSavingsAndInvestmentsGrp/EOYAmt	0	58430
IRS990EZ/ChgMadeToOrgnzngDocNotRptInd	0	false
IRS990EZ/ContributionsGiftsGrantsEtcAmt	0	50500
IRS990EZ/CostOfGoodsSoldAmt	0	0
IRS990EZ/CostOrOtherBasisExpenseSaleAmt	0	0
IRS990EZ/DonorAdvisedFndsInd	0	false
IRS990EZ/EngagedInExcessBenefitTransInd	0	false
IRS990EZ/ExcessOrDeficitForYearAmt	0	8586
IRS990EZ/FiledScheduleAInd	0	true
IRS990EZ/ForeignFinancialAccountInd	0	false
IRS990EZ/ForeignOfficeInd	0	false
IRS990EZ/Form1120PolFiledInd	0	false
IRS990EZ/Form720FiledInd	0	false
IRS990EZ/Form990TotalAssetsGrp/BOYAmt	0	49844
IRS990EZ/Form990TotalAssetsGrp/EOYAmt	0	58430
IRS990EZ/FundraisingGrossIncomeAmt	0	0
IRS990EZ/GrantsAndSimilarAmountsPaidAmt	0	41050
IRS990EZ/GrossReceiptsAmt	0	50500
IRS990EZ/GrossReceiptsForPublicUseAmt	0	0
IRS990EZ/InfoInScheduleOPartIInd	0	X
IRS990EZ/InfoInScheduleOPartVInd	0	X
IRS990EZ/InitiationFeesAndCapContriAmt	0	0
IRS990EZ/LobbyingActivitiesInd	0	false
IRS990EZ/MadeLoansToFromOfficersInd	0	false
IRS990EZ/MethodOfAccountingCashInd	0	X
IRS990EZ/NetAssetsOrFundBalancesBOYAmt	0	49844
IRS990EZ/NetAssetsOrFundBalancesEOYAmt	0	58430
IRS990EZ/NetAssetsOrFundBalancesGrp/BOYAmt	0	49844
IRS990EZ/NetAssetsOrFundBalancesGrp/EOYAmt	0	58430
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt	0	0.50
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt	1	0.50
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt	2	1.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt	0	0
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt	1	0
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt	2	0
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm	0	ROBERT PRESTON
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm	1	ROBERT GRIFFIN
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm	2	DAVID WAGENER
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt	0	Vice President
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt	1	Treasurer
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt	2	President
IRS990EZ/OperateHospitalInd	0	false
IRS990EZ/Organization501c3Ind	0	X
IRS990EZ/OrganizationDissolvedEtcInd	0	false
IRS990EZ/OrganizationFiled990TInd	0	false
IRS990EZ/OrganizationHadUBIInd	0	false
IRS990EZ/OtherExpensesTotalAmt	0	864
IRS990EZ/PartVIHghstPdCntrctProfSrvcTxt	0	NONE
IRS990EZ/PartVIOfCompOfHghstPdEmplTxt	0	NONE
IRS990EZ/PoliticalCampaignActyInd	0	false
IRS990EZ/PrimaryExemptPurposeTxt	0	TO FOSTER NATIONAL AMATEUR SPORTS COMPETITION
IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt	0	FUNDS WERE RAISED TO AWARD GRANTS TO RECIPIENTS FOR THEIR CONTINUING EFFORTS IN THE AREA OF COMPETITIVE SPORTS FOR OLYMPIC TRAINING AND OTHER COMPETITIVE SPORTS BASED UPON SKILL, ACADEMIC STANDING, MONETARY NEEDS & AVAILABILITY OF FUNDS.
IRS990EZ/ProgramSrvcAccomplishmentGrp/GrantsAndAllocationsAmt	0	864
IRS990EZ/ProgramSrvcAccomplishmentGrp/ProgramServiceExpensesAmt	0	41050
IRS990EZ/ProhibitedTaxShelterTransInd	0	false
IRS990EZ/RelatedOrganizationCtrlEntInd	0	false
IRS990EZ/RelatedOrgSect527OrgInd	0	false
IRS990EZ/SchoolOperatingInd	0	false
IRS990EZ/SpecialEventsDirectExpensesAmt	0	0
IRS990EZ/SubjectToProxyTaxInd	0	false
IRS990EZ/TanningServicesProvidedInd	0	false
IRS990EZ/TotalExpensesAmt	0	41914
IRS990EZ/TotalProgramServiceExpensesAmt	0	864
IRS990EZ/TotalRevenueAmt	0	50500
IRS990EZ/TransactionWithControlEntInd	0	false
IRS990EZ/TrnsfrExmptNonChrtblRltdOrgInd	0	false
IRS990EZ/WebsiteAddressTxt	0	LACEFOUNDATION.ORG
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt	0	0
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt	0	50500
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt	0	49617
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt	0	40900
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt	0	58850
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus4YearsAmt	0	61200
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt	0	261067
IRS990ScheduleA/GovtFurnSrvcFcltsVl509Grp/TotalAmt	0	0
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt	0	0
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt	0	0
IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/TotalAmt	0	0
IRS990ScheduleA/InvestmentIncomeCYPct	0	0.00000
IRS990ScheduleA/NetIncomeFromOtherUBIGrp/TotalAmt	0	0
IRS990ScheduleA/OtherIncome509Grp/TotalAmt	0	0
IRS990ScheduleA/Post1975UBTIGrp/TotalAmt	0	0
IRS990ScheduleA/PubliclySupportedOrg509a2Ind	0	X
IRS990ScheduleA/PublicSupportCY509Pct	0	1.00000
IRS990ScheduleA/PublicSupportPY509Pct	0	1.00000
IRS990ScheduleA/PublicSupportTotal509Amt	0	261067
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt	0	0
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft509Grp/TotalAmt	0	0
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind	0	X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt	0	50500
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt	0	49617
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt	0	40900
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt	0	58850
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt	0	61200
IRS990ScheduleA/Total509Grp/TotalAmt	0	261067
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt	0	50500
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt	0	49617
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt	0	40900
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt	0	58850
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt	0	61200
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt	0	261067
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine1	0	RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum	0	RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine1	0	RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine2	0	RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City	0	RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State	0	RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode	0	RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt	0	RESTRICTED
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt	0	Class of Activity: SPORTS GRANT \| Donee's Name: MUZAFFAR ABDURAKHMANOV \| Donee's Address: 305 CALIFORNIA STREET, APT 2 NEWTON MA 02458 \| Cash Amount Given: $12500
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt	1	Class of Activity: SPORTS GRANT \| Donee's Name: GOLD MEDAL WRESTLING CLUB \| Donee's Address: 37 VALLEY ROAD ASHLAND MA 01721 \| Cash Amount Given: $6500
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt	2	Class of Activity: SPORTS GRANT \| Donee's Name: BEKZOD ABDURAKMONOV \| Donee's Address: 305 California Street Apt 2 Newton MA 02458 \| Cash Amount Given: $7500
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt	3	\| Donee's Name: MICHAEL GREGORY \| Cash Amount Given: $8500
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt	4	WEBSITE EXPENSE $544
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt	5	BANK CHARGES $280
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt	6	FILING FEES $40
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc	0	Grants and Similar Amounts Paid In Excess of $5,000.5
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc	1	Grants and Similar Amounts Paid In Excess of $5,000.7
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc	2	Grants and Similar Amounts Paid In Excess of $5,000.12
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc	3	Grants and Similar Amounts Paid In Excess of $5,000.16
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc	4	Other Expenses.1
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc	5	Other Expenses.2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc	6	Other Expenses.3
ReturnHeader/BuildTS	0	2017-02-10 21:41:12Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd	0	true
ReturnHeader/BusinessOfficerGrp/PersonNm	0	DAVID WAGENER
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt	0	President
ReturnHeader/BusinessOfficerGrp/SignatureDt	0	2017-10-26
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt	0	LEADERSHIP & COMPETITIVE EXCELLENCE
ReturnHeader/Filer/BusinessName/BusinessNameLine2Txt	0	FOUNDATION
ReturnHeader/Filer/BusinessNameControlTxt	0	LEAD
ReturnHeader/Filer/EIN	0	204207474
ReturnHeader/Filer/USAddress/AddressLine1Txt	0	2 BROAD STREET
ReturnHeader/Filer/USAddress/CityNm	0	BLOOMFIELD
ReturnHeader/Filer/USAddress/StateAbbreviationCd	0	NJ
ReturnHeader/Filer/USAddress/ZIPCd	0	07003
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt	0	Dima & Company CPAs PC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt	0	330 Motor Parkway Suite 207
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm	0	Hauppauge
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd	0	NY
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd	0	11788
ReturnHeader/PreparerPersonGrp/PhoneNum	0	6319529010
ReturnHeader/PreparerPersonGrp/PreparerPersonNm	0	PATRICIA A DIMA
ReturnHeader/ReturnTs	0	2017-10-26T08:51:41-07:00
ReturnHeader/ReturnTypeCd	0	990EZ
ReturnHeader/TaxPeriodBeginDt	0	2016-01-01
ReturnHeader/TaxPeriodEndDt	0	2016-12-31
ReturnHeader/TaxYr	0	2016

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2016 • Form 990EZDetailed filing. Detailed filing data is available for this year.

Open filing

Assets: $58,430
Liabilities: -
Net assets: $58,430
Revenue: $50,500
Expenses: $41,914
Net income: $8,586

	Balance Sheet			Operations
Year	Assets	Liabilities	Net Assets	Revenue	Expenses	Net Income
2024Detailed filing. Detailed filing data is available for this year.	$0.67		$0.67	$1.02	$1.35	$0.33
2023Detailed filing. Detailed filing data is available for this year.	$1.00		$1.00	$1.16	$1.06	$0.10
2022Detailed filing. Detailed filing data is available for this year.	$0.65		$0.65	$0.47	$0.22	$0.25
2021Detailed filing. Detailed filing data is available for this year.	$0.40		$0.40	$0.96	$0.69	$0.27
2020Detailed filing. Detailed filing data is available for this year.	$0.13		$0.13	$0.73	$1.28	$0.55
2019Detailed filing. Detailed filing data is available for this year.	$0.68		$0.68	$0.35	$1.02	$0.67
2018Detailed filing. Detailed filing data is available for this year.	$1.35		$1.35	$1.52	$0.48	$1.04
2017Detailed filing. Detailed filing data is available for this year.	$0.30		$0.30	$0.09	$0.37	$0.28
2016Detailed filing. Detailed filing data is available for this year.	$0.58		$0.58	$0.51	$0.42	$0.09
2015Detailed filing. Detailed filing data is available for this year.	$0.50		$0.50	$0.50	$0.49	$0.01
2014Detailed filing. Detailed filing data is available for this year.	$0.49		$0.49	$0.41	$0.37	$0.04
2013Detailed filing. Detailed filing data is available for this year.	$0.45		$0.45	$0.59	$0.35	$0.24
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.	$0.20		$0.20	$0.61	$0.43	$0.18
2011Summary only. Only limited summary data is available for this year.	$0.02	$0.00		$0.78	$0.76	$0.02
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.	$0.00		$0.00	$0.92	$0.93	$0.01