Civic Intelligence

Lead Academy

990 • Fiscal year 2017 • EIN 27-0264738

Jul 01, 2016 to Jun 30, 2017 • Filed on May 15, 2018

Organization ProfileMYLEADACADEMY.COM
PO Box 17617Greenville, SC 29606

(864) 916-1459

Siviq Scores

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

Liabilities / Assets

90th percentile

0.93x

Higher debt load relative to assets than 90% of similar nonprofits.

2017 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2017

Liabilities / Revenue

92nd percentile

3.49x

Higher debt load relative to revenue than 92% of similar nonprofits.

2017 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2017

Net Margin

25th percentile

-3.0%

Higher net margin than 25% of similar nonprofits.

2017 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2017

Top Officer Pay

12th percentile

$0

Higher top officer pay than 12% of similar nonprofits.

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

2017 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2017

Asset Growth

99th percentile

745%

Faster asset growth than 99% of similar nonprofits.

2017 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2016 to 2017

Revenue Growth

80th percentile

26%

Faster revenue growth than 80% of similar nonprofits.

2017 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2016 to 2017

Balance Sheet
Liabilities / Assets90th percentile

Assets

Up

$13,253,488

Up $11,685,498 (+745%) from 2016

Net Assets

Down

$989,659

Down $105,852 (-9.7%) from 2016

Liabilities

Up

$12,263,829

Up $11,791,350 (+2496%) from 2016

Revenue And Expenses
Liabilities / Revenue92nd percentileNet Margin25th percentile

Revenue

Up

$3,509,579

Up $733,656 (+26%) from 2016

Expenses

Up

$3,615,431

Up $1,315,726 (+57%) from 2016

Net Income

Down

-$105,852

Down $582,070 (-122%) from 2016

Historical Trend

Balance Sheet Trend

Asset Growth99th percentile

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

$20M$15M$10M$5.0M$0Assets 2012: $237,232Liabilities 2012: $3,151Net Assets 2012: $234,0812012Assets 2013: $320,323Liabilities 2013: $15,841Net Assets 2013: $304,4822013Assets 2014: $288,803Liabilities 2014: $11,914Net Assets 2014: $276,8892014Assets 2015: $625,678Liabilities 2015: $6,385Net Assets 2015: $619,2932015Assets 2016: $1,567,990Liabilities 2016: $472,479Net Assets 2016: $1,095,5112016Assets 2017: $13,253,488Liabilities 2017: $12,263,829Net Assets 2017: $989,6592017Assets 2018: $11,996,733Liabilities 2018: $10,638,984Net Assets 2018: $1,357,7492018Assets 2019: $11,900,912Liabilities 2019: $10,222,659Net Assets 2019: $1,678,2532019Assets 2020: $11,926,614Liabilities 2020: $10,090,646Net Assets 2020: $1,835,9682020Assets 2021: $18,115,023Liabilities 2021: $16,371,235Net Assets 2021: $1,743,7882021Assets 2022: $17,504,894Liabilities 2022: $16,223,830Net Assets 2022: $1,281,0642022Assets 2023: $17,297,069Liabilities 2023: $16,068,048Net Assets 2023: $1,229,0212023Assets 2024: $16,804,745Liabilities 2024: $15,822,557Net Assets 2024: $982,1882024

Highlighted filing

2017

Assets$13,253,488
Liabilities$12,263,829
Net Assets$989,659
Open 2017 Filing

Operations Trend

Revenue Growth80th percentile

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

$6.0M$4.0M$2.0M$0-$2.0MExpenses 2012: $868,0882012Expenses 2013: $1,042,6512013Revenue 2014: $1,174,040Expenses 2014: $1,201,635Net Income 2014: -$27,5952014Revenue 2015: $1,755,353Expenses 2015: $1,412,949Net Income 2015: $342,4042015Revenue 2016: $2,775,923Expenses 2016: $2,299,705Net Income 2016: $476,2182016Revenue 2017: $3,509,579Expenses 2017: $3,615,431Net Income 2017: -$105,8522017Revenue 2018: $4,578,529Expenses 2018: $4,210,439Net Income 2018: $368,0902018Revenue 2019: $4,606,255Expenses 2019: $4,263,405Net Income 2019: $342,8502019Revenue 2020: $4,522,697Expenses 2020: $4,364,983Net Income 2020: $157,7142020Revenue 2021: $4,765,147Expenses 2021: $4,857,327Net Income 2021: -$92,1802021Revenue 2022: $4,564,880Expenses 2022: $5,027,604Net Income 2022: -$462,7242022Revenue 2023: $5,518,841Expenses 2023: $5,570,884Net Income 2023: -$52,0432023Revenue 2024: $5,682,175Expenses 2024: $5,929,010Net Income 2024: -$246,8352024

Highlighted filing

2017

Revenue$3,509,579
Expenses$3,615,431
Net Income-$105,852
Open 2017 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2016 to Jun 30, 2017
Signed
May 15, 2018
Return Version
2016v3.0
Gross Receipts
$3,509,579
Mission and Program Overview

Mission

To prepare all students, particularly those who have not been successful in traditional school environments, for life-long success through a structured, caring environment of high academic expectations; to educate servant leaders through a commitment to develop each student in seven key areas: leadership, scholarship, character, teamwork, creativity, community engagement and identity.

To prepare all students, particularly those who have not been successful in traditional school environments; to educate servant leaders through a commitment to develop each student in seven key areas: leadership, scholarship, character, teamwork, creativity, community engagement and identity.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$85,720$7,082,599▲ $6,996,879
Land, Buildings, and Equipment, Net$44,991$6,102,477▲ $6,057,486
Accounts Receivable$135,350$50,832▼ $84,518
Prepaid Expenses and Deferred Charges$4,000$17,580▲ $13,580
Total Assets$1,567,990$13,253,488▲ $11,685,498
Other Assets Total$1,297,929$0▼ $1,297,929
Liabilities
Unsecured Notes Loans Payable-$10,360,000-
Accounts Payable and Accrued Expenses$67,391$1,891,314▲ $1,823,923
Mortgage Notes Payable Secured by Investment Property$400,000--
Other Liabilities$1,500$7,414▲ $5,914
Deferred Revenue$3,588$5,101▲ $1,513
Total Liabilities$472,479$12,263,829▲ $11,791,350
Net Assets / Fund Balance
Temporarily Rstr Net Assets$25,207$1,039,368▲ $1,014,161
Unrestricted Net Assets$1,070,304$-49,709▼ $1,120,013
Total Net Assets Fund Balance$1,095,511$989,659▼ $105,852
Total Liabilities and Net Assets / Fund Balance$1,567,990$13,253,488▲ $11,685,498

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$6,071,165-$6,071,165
Equipment$31,312$66,209$97,521
Compensation and Service Providers
Top Officer Pay12th percentile

Board Members and Trustees

NameTitle
Elias S SurkinBoard Chair
Berri HicksDirector
Beth ReynoldsDirector
Glenda BooneDirector
Joey EspinosaDirector
Rebecca FaulknerDirector
Tanya JoyDirector
Whitney WrightDirector
Milton ShockleyTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$3,110,640
Program Service Revenue
$390,333
Investment Income
$8,606
Other Revenue
$0
All Other Contributions
$17,198
Change in Net Assets
$-105,852

Audited Revenue Reconciliation

Revenue per Audited Statements
$3,509,579
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$3,509,579
Total Revenue per Form 990
$3,509,579
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,942,994
Salaries, Compensation, and Employee Benefits$1,672,437
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$1,070,461$225,846-$1,296,307
Interest-$426,830-$426,830
Other Employee Benefits$235,891$19,497-$255,388
Fees for Services Other$197,105--$197,105
Fees for Services Legal-$175,112-$175,112
Office Expenses$62,516$94,734-$157,250
Travel$139,746$12,080-$151,826
Occupancy$126,452--$126,452
All Other Expenses$2,636$100,489-$103,125
Payroll Taxes$67,719$14,730-$82,449
Other Expenses$55,235$136,814-$55,235
Information Technology$42,851--$42,851
Pension Plan Contributions$38,293--$38,293
Depreciation Depletion$13,679--$13,679
Insurance$13,072--$13,072
Advertising-$10,291-$10,291
Fees for Services Accounting-$9,333-$9,333
Total Functional Expenses$2,135,837$1,479,594$0$3,615,431

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$3,615,431
Total Expenses per Audited Statements$3,615,431
Total Expenses per Form 990$3,615,431
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$0
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
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Due to State$7,414
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
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
No
Other officer compensation reviewed
No
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, Part VI, Section B, Line 11B

“Part vi, section b, line11 the board does not review the form 990 prior to submission. Copies of the submitted form 990 will be distributed to the board for review.”

Form 990, Part VI, Section B, Line 12C

“Part vi, section b. Policies #12c every year, board members sign off on the conflict of interest policy and agree to disclose any potential conflicts of interest. A training in this area is also included in the mandatory orientation that all board members have to complete within one year of taking office.”

Form 990, Part VI, Section C, Line 19

“Part vi, section c. Disclosure 19. Lead academy's governing documents, conflict of interest policy and financial statements are available to the public upon request. Additionally,the governing documents and conflict of interest policy are on file with the office of the south carolina secretary of state.”

Filing and Contact Details

Filer

Filer Name
Lead Academy
EIN
27-0264738
Phone
8649161459
Address
PO BOX 17617, GREENVILLE, SC 29606

Signing Officer

Name
Elias S Surkin
Title
Board Chair
Phone
8649161459
Signed
2018-05-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Elias S Surkin
Formed
2009
Legal Domicile
Sc
Voting Board Members
9
Independent Board Members
9
Employees
36
Volunteers
0

Preparer

Firm
Martin Smith & Company Cpas Pa
Address
1212 HAYWOOD ROAD BLDG 100, GREENVILLE, SC 29615-2200
Preparer
David a Smith
Phone
8642321040
Supplemental Narrative

Financial Statement Notes

PART X, LINE 2:

“The financial statements were prepared in accordance with governmental accounting standards, which does not require the adoption of fin 48.”

Raw XML AppendixShowing 400 of 431 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
IRS990/AccountantCompileOrReviewInd00
IRS990/AccountsPayableAccrExpnssGrp/BOYAmt067391
IRS990/AccountsPayableAccrExpnssGrp/EOYAmt01891314
IRS990/AccountsReceivableGrp/BOYAmt0135350
IRS990/AccountsReceivableGrp/EOYAmt050832
IRS990/ActivitiesConductedPrtshpInd00
IRS990/ActivityOrMissionDesc0TO PREPARE ALL STUDENTS, PARTICULARLY THOSE WHO HAVE NOT BEEN SUCCESSFUL IN TRADITIONAL SCHOOL ENVIRONMENTS; TO EDUCATE SERVANT LEADERS THROUGH A COMMITMENT TO DEVELOP EACH STUDENT IN SEVEN KEY AREAS: LEADERSHIP, SCHOLARSHIP, CHARACTER, TEAMWORK, CREATIVITY, COMMUNITY ENGAGEMENT AND IDENTITY.
IRS990/AdvertisingGrp/ManagementAndGeneralAmt010291
IRS990/AdvertisingGrp/TotalAmt010291
IRS990/AllOtherContributionsAmt017198
IRS990/AllOtherExpensesGrp/ManagementAndGeneralAmt0100489
IRS990/AllOtherExpensesGrp/ProgramServicesAmt02636
IRS990/AllOtherExpensesGrp/TotalAmt0103125
IRS990/AnnualDisclosureCoveredPrsnInd01
IRS990/AuditCommitteeInd00
IRS990/BooksInCareOfDetail/BusinessName/BusinessNameLine1Txt0OFFICE
IRS990/BooksInCareOfDetail/PhoneNum08649161459
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt0PO BOX 17617
IRS990/BooksInCareOfDetail/USAddress/CityNm0GREENVILLE
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0SC
IRS990/BooksInCareOfDetail/USAddress/ZIPCd029606
IRS990/BusinessRlnWithFamMemInd00
IRS990/BusinessRlnWithOfficerEntInd00
IRS990/BusinessRlnWithOrgMemInd00
IRS990/CashNonInterestBearingGrp/BOYAmt085720
IRS990/CashNonInterestBearingGrp/EOYAmt07082599
IRS990/ChangeToOrgDocumentsInd00
IRS990/CntrctRcvdGreaterThan100KCnt00
IRS990/CollectionsOfArtInd00
IRS990/CompensationFromOtherSrcsInd00
IRS990/CompensationProcessCEOInd00
IRS990/CompensationProcessOtherInd00
IRS990/ConflictOfInterestPolicyInd01
IRS990/ConservationEasementsInd00
IRS990/ConsolidatedAuditFinclStmtInd00
IRS990/CreditCounselingInd00
IRS990/CYBenefitsPaidToMembersAmt00
IRS990/CYContributionsGrantsAmt03110640
IRS990/CYGrantsAndSimilarPaidAmt00
IRS990/CYInvestmentIncomeAmt08606
IRS990/CYOtherExpensesAmt01942994
IRS990/CYOtherRevenueAmt00
IRS990/CYProgramServiceRevenueAmt0390333
IRS990/CYRevenuesLessExpensesAmt0-105852
IRS990/CYSalariesCompEmpBnftPaidAmt01672437
IRS990/CYTotalExpensesAmt03615431
IRS990/CYTotalFundraisingExpenseAmt00
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt03509579
IRS990/DecisionsSubjectToApprovaInd00
IRS990/DeductibleArtContributionInd00
IRS990/DeductibleNonCashContriInd00
IRS990/DeferredRevenueGrp/BOYAmt03588
IRS990/DeferredRevenueGrp/EOYAmt05101
IRS990/DelegationOfMgmtDutiesInd00
IRS990/DepreciationDepletionGrp/ProgramServicesAmt013679
IRS990/DepreciationDepletionGrp/TotalAmt013679
IRS990/Desc0LEAD ACADEMY IS HELPING ALL STUDENTS DEVELOP THE WORLD CLASS SKILLS AND LIFE AND CAREER CHARACTERISTICS OF THE PROFILE OF THE SOUTH CAROLINA GRADUATE BY CHALLENGING EVERY CHILD TO ACHIEVE AT AN EXCEPTIONALLY HIGH LEVEL, REGARDLESS OF BACKGROUND OR CIRCUMSTANCE. WE SET HIGH EXPECTATIONS FOR OUR STUDENTS THROUGH OUR FOCUS ON THE FOUR EXPECTATIONS THAT GUIDE OUR SCHOOL CULTURE: BE NICE; WORK HARD; SERVE WELL; HAVE FUN. THESE CORE VALUES DRIVE ALL PROGRAMS AND INITIATIVES AT LEAD. CONTINUED ON SCHEDULE OFOR THE 2017-2018 SCHOOL YEAR WE OUTPERFORMED BOTH OUR DISTRICT AND STATE IN TERMS OF ABSOLUTE PASSING RATE IN ALL GRADE LEVELS IN ALL SUBJECT AREAS ON SCPASS AND SCREADY. WE WERE ALSO ABLE TO ACHIEVE AN EVAAS GROWTH RATING OF 5 ACROSS THE ENTIRE SCHOOL. WE WERE LABELED AS A SCHOOL OF DISTINCTION BY OUR AUTHORIZING DISTRICT, THE HIGHEST HONOR THEY BESTOW UPON SCHOOLS. WHILE ASSESSMENT SCORES ARE IMPORTANT, WE ALSO BELIEVE THAT A BALANCED APPROACH TO EDUCATION SUPPORTS THE DEVELOPMENT OF THE WHOLE-CHILD INTO A SUCCESSFUL ADULT. WHEN A STUDENT IS DONE WITH SCHOOL AND ENTERS ADULT LIFE, SHE WILL BE JUDGED FOR THE REST OF HER LIFE NOT BY HER PERFORMANCE ON TESTS OF BASIC SKILLS, BUT BY THE QUALITY OF HER WORK AND THE QUALITY OF HER CHARACTER. THE EL EDUCATION FRAMEWORK IS ALSO EXEMPLIFIED BY PROJECT-BASED LEARNING EXPEDITIONS, WHERE STUDENTS ENGAGE IN INTERDISCIPLINARY, IN-DEPTH STUDY OF COMPELLING TOPICS, IN GROUPS AND IN THEIR COMMUNITY, WITH ASSESSMENT COMING THROUGH CUMULATIVE PRODUCTS, PUBLIC PRESENTATIONS, AND PORTFOLIOS. THE MODEL EMPHASIZES HIGH LEVELS OF STUDENT ENGAGEMENT, ACHIEVEMENT, AND CHARACTER DEVELOPMENT. PARTNERSHIPS THAT PROVIDED INCREASED OPPORTUNITIES TO OUR STUDENTS WERE FORMED WITH THE UNITED WAY OF GREENVILLE COUNTY, GOODWILL GOODGUIDES, AND THE ROTARY CLUB OF GREENVILLE. THESE ORGANIZATIONS SUPPORTED OUR EXTENDED DAY PROGRAM, PROVIDED TECHNOLOGY FOR OUR 1:1 CHROMEBOOK PROGRAM, ASSIGNED MENTORS, ASSISTED WITH COLLEGE AND CAREER PLANNING, AND ENGAGED OUR STUDENTS IN REGULAR CHARACTER EDUCATION LESSONS. OUR STUDENTS HAD THE OPPORTUNITY TO PARTICIPATE IN A NUMBER OF EXTRACURRICULAR ACTIVITIES AND CLUBS INCLUDING HONOR BAND, ATHLETIC LEAGUES,
IRS990/DescribedInSection501c3Ind01
IRS990/DisregardedEntityInd00
IRS990/DocumentRetentionPolicyInd00
IRS990/DonorAdvisedFundInd00
IRS990/ElectionOfBoardMembersInd00
IRS990/EmployeeCnt036
IRS990/EmploymentTaxReturnsFiledInd01
IRS990/EngagedInExcessBenefitTransInd00
IRS990/ExpenseAmt02135837
IRS990/FamilyOrBusinessRlnInd00
IRS990/FederalGrantAuditRequiredInd00
IRS990/FeesForServicesAccountingGrp/ManagementAndGeneralAmt09333
IRS990/FeesForServicesAccountingGrp/TotalAmt09333
IRS990/FeesForServicesLegalGrp/ManagementAndGeneralAmt0175112
IRS990/FeesForServicesLegalGrp/TotalAmt0175112
IRS990/FeesForServicesOtherGrp/ProgramServicesAmt0197105
IRS990/FeesForServicesOtherGrp/TotalAmt0197105
IRS990/ForeignActivitiesInd00
IRS990/ForeignFinancialAccountInd00
IRS990/ForeignOfficeInd00
IRS990/Form8282PropertyDisposedOfInd00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt08.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt16.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt22.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt32.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt42.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt52.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt62.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt72.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt82.00
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd0X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd1X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd2X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd3X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd4X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd5X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd6X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd7X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd8X
IRS990/Form990PartVIISectionAGrp/OfficerInd0X
IRS990/Form990PartVIISectionAGrp/OfficerInd1X
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt00
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt10
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt20
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt30
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt40
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt50
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt60
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt70
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt80
IRS990/Form990PartVIISectionAGrp/PersonNm0ELIAS S SURKIN
IRS990/Form990PartVIISectionAGrp/PersonNm1MILTON SHOCKLEY
IRS990/Form990PartVIISectionAGrp/PersonNm2BETH REYNOLDS
IRS990/Form990PartVIISectionAGrp/PersonNm3REBECCA FAULKNER
IRS990/Form990PartVIISectionAGrp/PersonNm4WHITNEY WRIGHT
IRS990/Form990PartVIISectionAGrp/PersonNm5JOEY ESPINOSA
IRS990/Form990PartVIISectionAGrp/PersonNm6GLENDA BOONE
IRS990/Form990PartVIISectionAGrp/PersonNm7TANYA JOY
IRS990/Form990PartVIISectionAGrp/PersonNm8BERRI HICKS
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt80
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt80
IRS990/Form990PartVIISectionAGrp/TitleTxt0BOARD CHAIR
IRS990/Form990PartVIISectionAGrp/TitleTxt1TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt2DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt3DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt4DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt5DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt6DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt7DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt8DIRECTOR
IRS990/Form990ProvidedToGvrnBodyInd00
IRS990/FormationYr02009
IRS990/FormerOfcrEmployeesListedInd00
IRS990/FSAuditedBasisGrp/SeparateBasisFinclStmtInd0X
IRS990/FSAuditedInd01
IRS990/FundraisingActivitiesInd00
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt09
IRS990/GovernmentGrantsAmt03093442
IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd00
IRS990/GrantToRelatedPersonInd00
IRS990/GrossReceiptsAmt03509579
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd01
IRS990/IndependentAuditFinclStmtInd01
IRS990/IndependentVotingMemberCnt09
IRS990/IndivRcvdGreaterThan100KCnt00
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartIIIInd0X
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InformationTechnologyGrp/ProgramServicesAmt042851
IRS990/InformationTechnologyGrp/TotalAmt042851
IRS990/InsuranceGrp/ProgramServicesAmt013072
IRS990/InsuranceGrp/TotalAmt013072
IRS990/InterestGrp/ManagementAndGeneralAmt0426830
IRS990/InterestGrp/TotalAmt0426830
IRS990/InvestmentIncomeGrp/RelatedOrExemptFuncIncomeAmt08606
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt08606
IRS990/InvestmentInJointVentureInd00
IRS990/IRPDocumentCnt00
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt066209
IRS990/LandBldgEquipBasisNetGrp/BOYAmt044991
IRS990/LandBldgEquipBasisNetGrp/EOYAmt06102477
IRS990/LandBldgEquipCostOrOtherBssAmt06168686
IRS990/LegalDomicileStateCd0SC
IRS990/LoanOutstandingInd00
IRS990/LobbyingActivitiesInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd00
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0TO PREPARE ALL STUDENTS, PARTICULARLY THOSE WHO HAVE NOT BEEN SUCCESSFUL IN TRADITIONAL SCHOOL ENVIRONMENTS, FOR LIFE-LONG SUCCESS THROUGH A STRUCTURED, CARING ENVIRONMENT OF HIGH ACADEMIC EXPECTATIONS; TO EDUCATE SERVANT LEADERS THROUGH A COMMITMENT TO DEVELOP EACH STUDENT IN SEVEN KEY AREAS: LEADERSHIP, SCHOLARSHIP, CHARACTER, TEAMWORK, CREATIVITY, COMMUNITY ENGAGEMENT AND IDENTITY.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/MortgNotesPyblScrdInvstPropGrp/BOYAmt0400000
IRS990/NetAssetsOrFundBalancesBOYAmt01095511
IRS990/NetAssetsOrFundBalancesEOYAmt0989659
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NoListedPersonsCompensatedInd0X
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/ProgramServicesAmt0126452
IRS990/OccupancyGrp/TotalAmt0126452
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt094734
IRS990/OfficeExpensesGrp/ProgramServicesAmt062516
IRS990/OfficeExpensesGrp/TotalAmt0157250
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt01297929
IRS990/OtherAssetsTotalGrp/EOYAmt00
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt019497
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt0235891
IRS990/OtherEmployeeBenefitsGrp/TotalAmt0255388
IRS990/OtherExpensesGrp/Desc0PROFESSIONAL AND TECHNI
IRS990/OtherExpensesGrp/Desc1STUDENT SUPPORT SUPPLIE
IRS990/OtherExpensesGrp/Desc2FIELD TRIPS
IRS990/OtherExpensesGrp/Desc3INSTRUCTIONAL SERVICES
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt0253838
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt1136814
IRS990/OtherExpensesGrp/ProgramServicesAmt070181
IRS990/OtherExpensesGrp/ProgramServicesAmt155235
IRS990/OtherExpensesGrp/TotalAmt0253838
IRS990/OtherExpensesGrp/TotalAmt1136814
IRS990/OtherExpensesGrp/TotalAmt270181
IRS990/OtherExpensesGrp/TotalAmt355235
IRS990/OtherLiabilitiesGrp/BOYAmt01500
IRS990/OtherLiabilitiesGrp/EOYAmt07414
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt0225846
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt01070461
IRS990/OtherSalariesAndWagesGrp/TotalAmt01296307
IRS990/OtherWebsiteInd0X
IRS990/PartialLiquidationInd00
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt014730
IRS990/PayrollTaxesGrp/ProgramServicesAmt067719
IRS990/PayrollTaxesGrp/TotalAmt082449
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt038293
IRS990/PensionPlanContributionsGrp/TotalAmt038293
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt04000
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt017580
IRS990/PrincipalOfficerNm0ELIAS S SURKIN
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0611110
IRS990/ProgramServiceRevenueGrp/BusinessCd1611110
IRS990/ProgramServiceRevenueGrp/Desc0PUPIL ACTIVITY
IRS990/ProgramServiceRevenueGrp/Desc1LUNCH SALES
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0382515
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt17818
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0382515
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt17818
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt02693961
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt00
IRS990/PYOtherExpensesAmt0728810
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt081962
IRS990/PYRevenuesLessExpensesAmt0476218
IRS990/PYSalariesCompEmpBnftPaidAmt01570895
IRS990/PYTotalExpensesAmt02299705
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt02775923
IRS990/QuidProQuoContributionsInd00
IRS990/ReconcilationRevenueExpnssAmt0-105852
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt0390333
IRS990ScheduleA/SchoolInd0X
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd01
IRS990ScheduleD/EquipmentGrp/BookValueAmt031312
IRS990ScheduleD/EquipmentGrp/DepreciationAmt066209
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt097521
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt03615431
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt06071165
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt06071165
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt07414
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0DUE TO STATE
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt03509579
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE FINANCIAL STATEMENTS WERE PREPARED IN ACCORDANCE WITH GOVERNMENTAL ACCOUNTING STANDARDS, WHICH DOES NOT REQUIRE THE ADOPTION OF FIN 48.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt06102477
IRS990ScheduleD/TotalExpensesPerForm990Amt03615431
IRS990ScheduleD/TotalLiabilityAmt07414
IRS990ScheduleD/TotalRevenuePerForm990Amt03509579
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt03509579
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt03615431
IRS990ScheduleE/ComplianceWithRevProc7550Ind01
IRS990ScheduleE/DiscriminateRaceAdmissPlcyInd00
IRS990ScheduleE/DiscriminateRaceAthltProgInd00
IRS990ScheduleE/DiscriminateRaceEducPlcyInd00
IRS990ScheduleE/DiscriminateRaceEmplmFcultyInd00
IRS990ScheduleE/DiscriminateRaceOtherActyInd00
IRS990ScheduleE/DiscriminateRaceSchsInd00
IRS990ScheduleE/DiscriminateRaceStdntsRghtsInd00
IRS990ScheduleE/DiscriminateRaceUseOfFcltsInd00
IRS990ScheduleE/GovernmentFinancialAidRcvdInd01
IRS990ScheduleE/GovernmentFinancialAidRvkdInd00
IRS990ScheduleE/MaintainCpyOfAllSolInd01
IRS990ScheduleE/MaintainCpyOfBrochuresEtcInd01
IRS990ScheduleE/MaintainRacialCompRecsInd01
IRS990ScheduleE/MaintainScholarshipsRecsInd00
IRS990ScheduleE/NondiscriminatoryPolicyStmtInd01
IRS990ScheduleE/PlcyPblczdViaBroadcastMediaInd01
IRS990ScheduleE/PolicyStmtInBrochuresEtcInd01
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt0WE PUBLICIZE OUR RACIALLY NONDISCRIMINATORY POLICY ON ALL OF OUR MARKETING MATERIALS-FLYERS, LETTERS, BORCHURES AS WELL AS ON OUR WEBSITE.
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt1LEAD ACADEMY DOES NOT PROVIDE SCHOLARSHIP OR FINANCIAL ASSISTANCE OF ANY KIND. THEREFORE, IT HAS NO RECORDS.
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt26A--LEAD ACADEMY RECEIVED APPROXIMATELY $295,000 FEDERAL AND $2,725,000 STATE FUNDS.
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE E, PART I, LINE 3
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc1SCHEDULE E, PART I, LINE 4
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc2SCHEDULE E, PART I, LINE 6
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0PART VI, SECTION B, LINE11 THE BOARD DOES NOT REVIEW THE FORM 990 PRIOR TO SUBMISSION. COPIES OF THE SUBMITTED FORM 990 WILL BE DISTRIBUTED TO THE BOARD FOR REVIEW.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1PART VI, SECTION B. POLICIES #12C EVERY YEAR, BOARD MEMBERS SIGN OFF ON THE CONFLICT OF INTEREST POLICY AND AGREE TO DISCLOSE ANY POTENTIAL CONFLICTS OF INTEREST. A TRAINING IN THIS AREA IS ALSO INCLUDED IN THE MANDATORY ORIENTATION THAT ALL BOARD MEMBERS HAVE TO COMPLETE WITHIN ONE YEAR OF TAKING OFFICE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2PART VI, SECTION C. DISCLOSURE 19. LEAD ACADEMY'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST. ADDITIONALLY,THE GOVERNING DOCUMENTS AND CONFLICT OF INTEREST POLICY ARE ON FILE WITH THE OFFICE OF THE SOUTH CAROLINA SECRETARY OF STATE.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION C, LINE 19
IRS990/SchoolOperatingInd01
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/SubjectToProxyTaxInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TemporarilyRstrNetAssetsGrp/BOYAmt025207
IRS990/TemporarilyRstrNetAssetsGrp/EOYAmt01039368
IRS990/TempOrPermanentEndowmentsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt01567990
IRS990/TotalAssetsEOYAmt013253488
IRS990/TotalAssetsGrp/BOYAmt01567990
IRS990/TotalAssetsGrp/EOYAmt013253488
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt03110640
IRS990/TotalEmployeeCnt036
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt01479594
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt02135837
IRS990/TotalFunctionalExpensesGrp/TotalAmt03615431
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0472479
IRS990/TotalLiabilitiesEOYAmt012263829
IRS990/TotalLiabilitiesGrp/BOYAmt0472479
IRS990/TotalLiabilitiesGrp/EOYAmt012263829
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt01095511
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0989659
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt02135837
IRS990/TotalProgramServiceRevenueAmt0390333
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0398939
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt03509579
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt01567990
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt013253488
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TravelGrp/ManagementAndGeneralAmt012080
IRS990/TravelGrp/ProgramServicesAmt0139746
IRS990/TravelGrp/TotalAmt0151826
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UnrestrictedNetAssetsGrp/BOYAmt01070304
IRS990/UnrestrictedNetAssetsGrp/EOYAmt0-49709
IRS990/UnsecuredNotesLoansPayableGrp/EOYAmt010360000
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0PO BOX 17617
IRS990/USAddress/CityNm0GREENVILLE
IRS990/USAddress/StateAbbreviationCd0SC
IRS990/USAddress/ZIPCd029606
IRS990/VotingMembersGoverningBodyCnt09
IRS990/VotingMembersIndependentCnt09
IRS990/WebsiteAddressTxt0MYLEADACADEMY.COM
IRS990/WhistleblowerPolicyInd00
ReturnHeader/BuildTS02018-06-14 16:35:46Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0ELIAS S SURKIN

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2017 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$13,253,488
Liabilities
$12,263,829
Net assets
$989,659
Revenue
$3,509,579
Expenses
$3,615,431
Net income
-$105,852
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$16.8$15.8$0.98$5.68$5.93$0.25
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$17.3$16.1$1.23$5.52$5.57$0.05
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$17.5$16.2$1.28$4.56$5.03$0.46
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$18.1$16.4$1.74$4.77$4.86$0.09
2020Facts available. Structured filing facts are available, but richer extracted sections are limited.$11.9$10.1$1.84$4.52$4.36$0.16
2019Facts available. Structured filing facts are available, but richer extracted sections are limited.$11.9$10.2$1.68$4.61$4.26$0.34
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$12.0$10.6$1.36$4.58$4.21$0.37
2017Detailed filing. Detailed filing data is available for this year.$13.3$12.3$0.99$3.51$3.62$0.11
2016Detailed filing. Detailed filing data is available for this year.$1.57$0.47$1.10$2.78$2.30$0.48
2015Detailed filing. Detailed filing data is available for this year.$0.63$0.01$0.62$1.76$1.41$0.34
2014Detailed filing. Detailed filing data is available for this year.$0.29$0.01$0.28$1.17$1.20$0.03
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.32$0.02$0.30$1.04
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.24$0.00$0.23$0.87