Civic Intelligence

Lead Academy

990 • Fiscal year 2018 • EIN 27-0264738

Jul 01, 2017 to Jun 30, 2018 • Filed on May 17, 2019

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

89th percentile

0.89x

Higher debt load relative to assets than 89% of similar nonprofits.

2018 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2018

Liabilities / Revenue

88th percentile

2.32x

Higher debt load relative to revenue than 88% of similar nonprofits.

2018 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2018

Net Margin

64th percentile

8.0%

Higher net margin than 64% of similar nonprofits.

2018 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2018

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.

2018 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2018

Asset Growth

10th percentile

-9.5%

Faster asset growth than 10% of similar nonprofits.

2018 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2017 to 2018

Revenue Growth

84th percentile

30%

Faster revenue growth than 84% of similar nonprofits.

2018 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2017 to 2018

Balance Sheet
Liabilities / Assets89th percentile

Assets

Down

$11,996,733

Down $1,256,755 (-9.5%) from 2017

Net Assets

Up

$1,357,749

Up $368,090 (+37%) from 2017

Liabilities

Down

$10,638,984

Down $1,624,845 (-13%) from 2017

Revenue And Expenses
Liabilities / Revenue88th percentileNet Margin64th percentile

Revenue

Up

$4,578,529

Up $1,068,950 (+30%) from 2017

Expenses

Up

$4,210,439

Up $595,008 (+16%) from 2017

Net Income

Up

$368,090

Up $473,942 (+448%) from 2017

Historical Trend

Balance Sheet Trend

Asset Growth10th 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

2018

Assets$11,996,733
Liabilities$10,638,984
Net Assets$1,357,749
Open 2018 Filing

Operations Trend

Revenue Growth84th 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

2018

Revenue$4,578,529
Expenses$4,210,439
Net Income$368,090
Open 2018 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2017 to Jun 30, 2018
Signed
May 17, 2019
Return Version
2017v2.3
Gross Receipts
$4,578,529
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.

At lead academy we seek to empower our diverse student body to achieve mastery of knowledge and skills, exhibit strong character and produce high quality work.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$6,102,477$9,143,918▲ $3,041,441
Cash and Non-Interest-Bearing Accounts$7,082,599$2,767,815▼ $4,314,784
Accounts Receivable$50,832$79,945▲ $29,113
Prepaid Expenses and Deferred Charges$17,580$5,055▼ $12,525
Total Assets$13,253,488$11,996,733▼ $1,256,755
Liabilities
Unsecured Notes Loans Payable$10,360,000$10,360,000→ $0
Accounts Payable and Accrued Expenses$1,891,314$275,445▼ $1,615,869
Other Liabilities$7,414$1,834▼ $5,580
Deferred Revenue$5,101$1,705▼ $3,396
Total Liabilities$12,263,829$10,638,984▼ $1,624,845
Net Assets / Fund Balance
Temporarily Rstr Net Assets$1,039,368$1,709,686▲ $670,318
Unrestricted Net Assets$-49,709$-351,937▼ $302,228
Total Net Assets Fund Balance$989,659$1,357,749▲ $368,090
Total Liabilities and Net Assets / Fund Balance$13,253,488$11,996,733▼ $1,256,755

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$8,577,857-$8,577,857
Land$532,000-$532,000
Equipment$34,061$79,160$113,221
Compensation and Service Providers
Top Officer Pay12th percentile

Board Members and Trustees

NameTitle
Elias S SurkinBoard Chair
April ScottDirector
Berri HicksDirector
Glenda BooneDirector
H Paul ThompsonDirector
Joey EspinosaDirector
Rebecca FaulknerDirector
Tanya JoyDirector
Milton ShockleyTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$4,411,471
Program Service Revenue
$144,504
Investment Income
$22,554
Other Revenue
$0
All Other Contributions
$100,667
Change in Net Assets
$368,090

Audited Revenue Reconciliation

Revenue per Audited Statements
$4,578,529
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$2
Total Revenue per Audited Statements
$4,578,531
Total Revenue per Form 990
$4,578,529
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$2,285,028
Other Expenses$1,925,411
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$1,301,381$565,579-$1,866,960
Interest-$509,925-$509,925
Occupancy$314,662$102,454-$417,116
Other Employee Benefits$209,806$51,549-$261,355
Office Expenses$135,392$108,796-$244,188
Information Technology$59,890$81,307-$141,197
All Other Expenses$18,137$95,353-$113,490
Payroll Taxes$91,533$18,185-$109,718
Other Expenses$60,020$76,556-$60,020
Fees for Services Other-$51,168-$51,168
Pension Plan Contributions$46,995--$46,995
Insurance$18,485$2,338-$20,823
Travel$10,147$9,055-$19,202
Depreciation Depletion$12,951--$12,951
Fees for Services Accounting-$7,065-$7,065
Advertising-$5,500-$5,500
Total Functional Expenses$2,525,609$1,684,830$0$4,210,439

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$4,210,440
Expenses per Audited Statements$4,210,439
Total Expenses per Form 990$4,210,439
Expenses Not Reported on Form 990$1
Expenses Not Reported on Financial Statements$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$1,834
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
2019-05-17
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
60
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.”

PART XI, LINE 2D - OTHER ADJUSTMENTS:

“ROUNDING 2.”

PART XII, LINE 2D - OTHER ADJUSTMENTS:

“ROUNDING 1.”

Raw XML AppendixShowing 400 of 432 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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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 ALMOST ALL GRADE LEVELS IN ALL SUBJECT AREAS ON SCPASS AND SCREADY. WE WERE ALSO ABLE TO ACHIEVE AN EVAAS GROWTH RATING OF 4 ACROSS THE ENTIRE SCHOOL. 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,
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IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/ManagementAndGeneralAmt0102454
IRS990/OccupancyGrp/ProgramServicesAmt0314662
IRS990/OccupancyGrp/TotalAmt0417116
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt0108796
IRS990/OfficeExpensesGrp/ProgramServicesAmt0135392
IRS990/OfficeExpensesGrp/TotalAmt0244188
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt051549
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt0209806
IRS990/OtherEmployeeBenefitsGrp/TotalAmt0261355
IRS990/OtherExpensesGrp/Desc0FOOD PURCHASES
IRS990/OtherExpensesGrp/Desc1INSTRUCTIONAL SUPPLIES/
IRS990/OtherExpensesGrp/Desc2FEE PAID TO SC PUBLIC C
IRS990/OtherExpensesGrp/Desc3FIELD TRIPS
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt076556
IRS990/OtherExpensesGrp/ProgramServicesAmt0130768
IRS990/OtherExpensesGrp/ProgramServicesAmt1115442
IRS990/OtherExpensesGrp/ProgramServicesAmt260020
IRS990/OtherExpensesGrp/TotalAmt0130768
IRS990/OtherExpensesGrp/TotalAmt1115442
IRS990/OtherExpensesGrp/TotalAmt276556
IRS990/OtherExpensesGrp/TotalAmt360020
IRS990/OtherLiabilitiesGrp/BOYAmt07414
IRS990/OtherLiabilitiesGrp/EOYAmt01834
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt0565579
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt01301381
IRS990/OtherSalariesAndWagesGrp/TotalAmt01866960
IRS990/OtherWebsiteInd0X
IRS990/PartialLiquidationInd00
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt018185
IRS990/PayrollTaxesGrp/ProgramServicesAmt091533
IRS990/PayrollTaxesGrp/TotalAmt0109718
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt046995
IRS990/PensionPlanContributionsGrp/TotalAmt046995
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt017580
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt05055
IRS990/PrincipalOfficerNm0ELIAS S SURKIN
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0611110
IRS990/ProgramServiceRevenueGrp/BusinessCd1611110
IRS990/ProgramServiceRevenueGrp/Desc0PUPIL ACTIVITY
IRS990/ProgramServiceRevenueGrp/Desc1LUNCH SALES
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0131992
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt112512
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0131992
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt112512
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt03110640
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt08606
IRS990/PYOtherExpensesAmt01942994
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt0390333
IRS990/PYRevenuesLessExpensesAmt0-105852
IRS990/PYSalariesCompEmpBnftPaidAmt01672437
IRS990/PYTotalExpensesAmt03615431
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt03509579
IRS990/QuidProQuoContributionsInd00
IRS990/ReconcilationRevenueExpnssAmt0368090
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt0144504
IRS990ScheduleA/SchoolInd0X
IRS990/ScheduleBRequiredInd01
IRS990ScheduleD/EquipmentGrp/BookValueAmt034061
IRS990ScheduleD/EquipmentGrp/DepreciationAmt079160
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0113221
IRS990ScheduleD/ExpensesNotReportedAmt01
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt04210439
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/LandGrp/BookValueAmt0532000
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0532000
IRS990ScheduleD/OtherExpensesIncludedAmt01
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt08577857
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt08577857
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt01834
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0DUE TO STATE
IRS990ScheduleD/OtherRevenueAmt02
IRS990ScheduleD/RevenueNotReportedAmt02
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt04578529
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE FINANCIAL STATEMENTS WERE PREPARED IN ACCORDANCE WITH GOVERNMENTAL ACCOUNTING STANDARDS, WHICH DOES NOT REQUIRE THE ADOPTION OF FIN 48.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1ROUNDING 2.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt2ROUNDING 1.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1PART XI, LINE 2D - OTHER ADJUSTMENTS:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc2PART XII, LINE 2D - OTHER ADJUSTMENTS:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt09143918
IRS990ScheduleD/TotalExpensesPerForm990Amt04210439
IRS990ScheduleD/TotalLiabilityAmt01834
IRS990ScheduleD/TotalRevenuePerForm990Amt04578529
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt04578531
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt04210440
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/BOYAmt01039368
IRS990/TemporarilyRstrNetAssetsGrp/EOYAmt01709686
IRS990/TempOrPermanentEndowmentsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt013253488
IRS990/TotalAssetsEOYAmt011996733
IRS990/TotalAssetsGrp/BOYAmt013253488
IRS990/TotalAssetsGrp/EOYAmt011996733
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt04411471
IRS990/TotalEmployeeCnt060
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt01684830
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt02525609
IRS990/TotalFunctionalExpensesGrp/TotalAmt04210439
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt012263829
IRS990/TotalLiabilitiesEOYAmt010638984
IRS990/TotalLiabilitiesGrp/BOYAmt012263829
IRS990/TotalLiabilitiesGrp/EOYAmt010638984
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0989659
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt01357749
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt02525609
IRS990/TotalProgramServiceRevenueAmt0144504
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0167058
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt04578529
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt013253488
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt011996733
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TravelGrp/ManagementAndGeneralAmt09055
IRS990/TravelGrp/ProgramServicesAmt010147
IRS990/TravelGrp/TotalAmt019202
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UnrestrictedNetAssetsGrp/BOYAmt0-49709
IRS990/UnrestrictedNetAssetsGrp/EOYAmt0-351937
IRS990/UnsecuredNotesLoansPayableGrp/BOYAmt010360000
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
ReasonableCauseExplanation/ExplanationTxt0LATE FILED RETURN DUE TO CCH SOFTWARE OUTAGE.
ReturnHeader/BuildTS02019-02-21 02:37:17Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01

Document Assets

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Filings

Displayed year

2018 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$11,996,733
Liabilities
$10,638,984
Net assets
$1,357,749
Revenue
$4,578,529
Expenses
$4,210,439
Net income
$368,090
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
2018Detailed filing. Detailed filing data is available for this year.$12.0$10.6$1.36$4.58$4.21$0.37
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$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