Civic Intelligence

The Lesedi Project Inc

990 • Fiscal year 2019 • EIN 26-0789091

Jan 01, 2019 to Dec 31, 2019 • Filed on Jan 31, 2020

2001 Tw Alexander Dr Box 13925Durham, NC 27709

(828) 485-3305

Siviq Scores

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

Liabilities / Assets

57th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2019 filings • NTEE P20 • <$500k nonprofits • Source year 2019

Liabilities / Revenue

57th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2019 filings • NTEE P20 • <$500k nonprofits • Source year 2019

Net Margin

94th percentile

79%

Higher net margin than 94% of similar nonprofits.

2019 filings • NTEE P20 • <$500k nonprofits • Source year 2019

Top Officer Pay

82nd percentile

$0

Higher top officer pay than 82% of similar nonprofits.

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

2019 filings • NTEE P20 • <$500k nonprofits • Source year 2019

Asset Growth

74th percentile

35%

Faster asset growth than 74% of similar nonprofits.

2019 filings • NTEE P20 • <$500k nonprofits • Annualized from 2018 to 2019

Revenue Growth

97th percentile

385%

Faster revenue growth than 97% of similar nonprofits.

2019 filings • NTEE P20 • <$500k nonprofits • Annualized from 2018 to 2019

Assets

Up

$29,437

Up $7,628 (+35%) from 2018

Net Assets

Up

$29,437

Up $7,628 (+35%) from 2018

Liabilities

Flat

$0

Flat from 2018

Revenue

Up

$9,699

Up $7,699 (+385%) from 2018

Expenses

Down

$2,071

Down $9,861 (-83%) from 2018

Net Income

Up

$7,628

Up $17,560 (+177%) from 2018

Historical Trend

Balance Sheet Trend

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

$80K$60K$40K$20K$0Assets 2010: $56,098Liabilities 2010: $0Net Assets 2010: $56,0982010Assets 2011: $33,579Liabilities 2011: $0Net Assets 2011: $33,5792011Assets 2012: $61,678Liabilities 2012: $0Net Assets 2012: $61,6782012Assets 2013: $56,768Liabilities 2013: $0Net Assets 2013: $56,7682013Assets 2014: $55,355Liabilities 2014: $0Net Assets 2014: $55,3552014Assets 2016: $41,703Liabilities 2016: $0Net Assets 2016: $41,7032016Assets 2017: $31,741Liabilities 2017: $0Net Assets 2017: $31,7412017Assets 2018: $21,809Liabilities 2018: $0Net Assets 2018: $21,8092018Assets 2019: $29,437Liabilities 2019: $0Net Assets 2019: $29,4372019Assets 2020: $45,601Liabilities 2020: $0Net Assets 2020: $45,6012020Assets 2021: $57,875Liabilities 2021: $0Net Assets 2021: $57,8752021Assets 2022: $49,449Liabilities 2022: $0Net Assets 2022: $49,4492022Assets 2023: $42,822Liabilities 2023: $0Net Assets 2023: $42,8222023Assets 2024: $34,758Liabilities 2024: $0Net Assets 2024: $34,7582024

Highlighted filing

2019

Assets$29,437
Liabilities$0
Net Assets$29,437

Operations Trend

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

$60K$40K$20K$0-$20KExpenses 2010: $1,1502010Expenses 2011: $35,6832011Expenses 2012: $2,3802012Revenue 2013: $6,400Expenses 2013: $11,310Net Income 2013: -$4,9102013Revenue 2014: $13,408Expenses 2014: $14,821Net Income 2014: -$1,4132014Revenue 2016: $4,135Expenses 2016: $18,271Net Income 2016: -$14,1362016Revenue 2017: $5,515Expenses 2017: $15,477Net Income 2017: -$9,9622017Revenue 2018: $2,000Expenses 2018: $11,932Net Income 2018: -$9,9322018Revenue 2019: $9,699Expenses 2019: $2,071Net Income 2019: $7,6282019Revenue 2020: $42,412Expenses 2020: $26,248Net Income 2020: $16,1642020Revenue 2021: $23,687Expenses 2021: $11,413Net Income 2021: $12,2742021Revenue 2022: $0Expenses 2022: $8,426Net Income 2022: -$8,4262022Revenue 2023: $0Expenses 2023: $6,627Net Income 2023: -$6,6272023Revenue 2024: $0Expenses 2024: $8,064Net Income 2024: -$8,0642024

Highlighted filing

2019

Revenue$9,699
Expenses$2,071
Net Income$7,628
Jump To
Filing Snapshot
Filing Period
Jan 1, 2019 to Dec 31, 2019
Signed
Jan 31, 2020
Return Version
2019v5.0
Gross Receipts
$9,699
Mission and Program Overview

Mission

Actively support the ethembeni school for physically disabled and visually impaired children

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$21,809$29,437▲ $7,628
Rtn Earn Endowment Incm Other Fnds$21,809$29,437▲ $7,628
Total Assets$21,809$29,437▲ $7,628
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Total Net Assets Fund Balance$21,809$29,437▲ $7,628
Total Liabilities and Net Assets / Fund Balance$21,809$29,437▲ $7,628
Compensation and Service Providers

Board Members and Trustees

NameTitle
Herbert R PictorPresident
Nancy W PittmanSecretary/tr
Tanya PictorVice Preside
Revenue and Support

Revenue Composition

Contributions and Grants
$9,699
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$0
All Other Contributions
$9,699
Change in Net Assets
$7,628
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,381
Grants and Similar Amounts Paid$690
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Accounting-$1,336-$1,336
Foreign Grants$690--$690
Fees for Services Other-$45-$45
Total Functional Expenses$690$1,381$0$2,071
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 11B

Officers review return before filing.

Form 990, Page 6, Part VI, Line 12C

DURING ANNUAL MEETING

Form 990, Page 6, Part VI, Line 15A

No officers receive compensation of any kind

Form 990, Page 6, Part VI, Line 15B

No officers receive compensation of any kind

Form 990, Page 6, Part VI, Line 19

Notice is given on website making all available for inspection of general public

Filing and Contact Details

Filer

Filer Name
Lesedi Foundation
EIN
26-0789091
Phone
8284853305
Address
2001 TW ALEXANDER DR BOX 13925, DURHAM, NC 27709

Signing Officer

Name
Herbert R Pictor
Title
President
Phone
8284853305
Signed
2020-01-31
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Herbert R Pictor
Formed
2007
Legal Domicile
Nc
Voting Board Members
3
Independent Board Members
3
Employees
0

Preparer

Firm
Russell L Isenhour CPA Pc
Address
104 3RD ST NE STE 100, HICKORY, NC 28601-5145
Preparer
Russell L Isenhour CPA
Phone
8283229300
Raw XML Appendix255 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.

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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2NO OFFICERS RECEIVE COMPENSATION OF ANY KIND
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ReturnHeader/TaxYr02019

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$34.8$0.00$34.8$0.00$8.06$8.06
2023Detailed filing. Detailed filing data is available for this year.$42.8$0.00$42.8$0.00$6.63$6.63
2022Detailed filing. Detailed filing data is available for this year.$49.4$0.00$49.4$0.00$8.43$8.43
2021Detailed filing. Detailed filing data is available for this year.$57.9$0.00$57.9$23.7$11.4$12.3
2020Detailed filing. Detailed filing data is available for this year.$45.6$0.00$45.6$42.4$26.2$16.2
2019Detailed filing. Detailed filing data is available for this year.$29.4$0.00$29.4$9.70$2.07$7.63
2018Detailed filing. Detailed filing data is available for this year.$21.8$0.00$21.8$2.00$11.9$9.93
2017Detailed filing. Detailed filing data is available for this year.$31.7$0.00$31.7$5.52$15.5$9.96
2016Detailed filing. Detailed filing data is available for this year.$41.7$0.00$41.7$4.14$18.3$14.1
2014Detailed filing. Detailed filing data is available for this year.$55.4$0.00$55.4$13.4$14.8$1.41
2013Detailed filing. Detailed filing data is available for this year.$56.8$0.00$56.8$6.40$11.3$4.91
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$61.7$0.00$61.7$2.38
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$33.6$0.00$33.6$35.7
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$56.1$0.00$56.1$1.15