Civic Intelligence

Lead Education Group Inc.

990 • Fiscal year 2014 • EIN 27-2456254

Jan 01, 2014 to Dec 31, 2014 • Filed on Oct 01, 2015

Organization Profileleadeducationgroup.com
5443 S KenwoodChicago, IL 60615

(630) 633-8090

Siviq Scores

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

Liabilities / Assets

69th percentile

0.03x

Higher debt load relative to assets than 69% of similar nonprofits.

2014 filings • 501(c)3 • <$500k nonprofits • Source year 2014

Liabilities / Revenue

67th percentile

0.02x

Higher debt load relative to revenue than 67% of similar nonprofits.

2014 filings • 501(c)3 • <$500k nonprofits • Source year 2014

Net Margin

66th percentile

11%

Higher net margin than 66% of similar nonprofits.

2014 filings • 501(c)3 • <$500k nonprofits • Source year 2014

Top Officer Pay

96th percentile

$72,018

Higher top officer pay than 96% of similar nonprofits.

Top officer pay equals 28.6% of source-year revenue.

2014 filings • 501(c)3 • <$500k nonprofits • Source year 2014

Asset Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2014

Revenue Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2014

Balance Sheet
Liabilities / Assets69th percentile

Assets

$125,533

No earlier filing loaded for comparison.

Net Assets

$121,188

No earlier filing loaded for comparison.

Liabilities

$4,345

No earlier filing loaded for comparison.

Revenue And Expenses
Liabilities / Revenue67th percentileNet Margin66th percentile

Revenue

$252,045

No earlier filing loaded for comparison.

Expenses

$223,902

No earlier filing loaded for comparison.

Net Income

$28,143

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

Asset GrowthScore unavailable

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

$400K$300K$200K$100K$0Assets 2014: $125,533Liabilities 2014: $4,345Net Assets 2014: $121,1882014Assets 2015: $284,857Liabilities 2015: $34,682Net Assets 2015: $250,1752015Assets 2016: $226,087Liabilities 2016: $9,918Net Assets 2016: $216,1692016Assets 2017: $238,603Liabilities 2017: $7,819Net Assets 2017: $230,7842017Assets 2018: $216,042Liabilities 2018: $13,315Net Assets 2018: $202,7272018Assets 2019: $183,068Liabilities 2019: $18,287Net Assets 2019: $164,7812019Assets 2020: $211,817Liabilities 2020: $13,228Net Assets 2020: $198,5892020Assets 2021: $147,947Liabilities 2021: $5,856Net Assets 2021: $142,0912021Assets 2022: $183,456Liabilities 2022: $5,211Net Assets 2022: $178,2452022Assets 2023: $213,924Liabilities 2023: $5,428Net Assets 2023: $208,4962023Assets 2024: $352,414Liabilities 2024: $5,626Net Assets 2024: $346,7882024

Highlighted filing

2014

Assets$125,533
Liabilities$4,345
Net Assets$121,188
Open 2014 Filing

Operations Trend

Revenue GrowthScore unavailable

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

$600K$400K$200K$0-$200KRevenue 2014: $252,045Expenses 2014: $223,902Net Income 2014: $28,1432014Revenue 2015: $305,690Expenses 2015: $176,703Net Income 2015: $128,9872015Revenue 2016: $204,901Expenses 2016: $238,907Net Income 2016: -$34,0062016Revenue 2017: $362,906Expenses 2017: $348,291Net Income 2017: $14,6152017Revenue 2018: $471,132Expenses 2018: $499,189Net Income 2018: -$28,0572018Revenue 2019: $485,905Expenses 2019: $523,851Net Income 2019: -$37,9462019Revenue 2020: $392,014Expenses 2020: $358,206Net Income 2020: $33,8082020Revenue 2021: $389,534Expenses 2021: $446,032Net Income 2021: -$56,4982021Revenue 2022: $413,829Expenses 2022: $377,675Net Income 2022: $36,1542022Revenue 2023: $362,721Expenses 2023: $332,470Net Income 2023: $30,2512023Revenue 2024: $547,382Expenses 2024: $409,090Net Income 2024: $138,2922024

Highlighted filing

2014

Revenue$252,045
Expenses$223,902
Net Income$28,143
Open 2014 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2014 to Dec 31, 2014
Signed
Oct 1, 2015
Return Version
2014v5.0
Gross Receipts
$252,045
Mission and Program Overview

Mission

Provide transformational education in various countries throughout the world. This mission is accomplished through the following initiatives: starting english-speaking schools, providing teachers for national schools, teacher training, english tutoring & education for the deaf.

To provide transformational education in schools and communities throughout the world.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$93,045$125,533▲ $32,488
Total Assets$93,045$125,533▲ $32,488
Liabilities
Accounts Payable and Accrued Expenses-$4,345-
Total Liabilities$0$4,345▲ $4,345
Net Assets / Fund Balance
Temporarily Rstr Net Assets$76,644$92,468▲ $15,824
Unrestricted Net Assets$16,401$28,720▲ $12,319
Total Net Assets Fund Balance$93,045$121,188▲ $28,143
Total Liabilities and Net Assets / Fund Balance$93,045$125,533▲ $32,488
Compensation and Service Providers
Top Officer Pay96th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Dr Stephen BeckPresidentFT$70,444$1,574$72,018

Board Members and Trustees

NameTitle
Dr Henk PrengerBoard Member
Dr Kitty PurgasonBoard Member
Mr Donald BeaverBoard Member
Mr Robert KnappBoard Member
Revenue and Support

Revenue Composition

Contributions and Grants
$251,572
Program Service Revenue
$0
Investment Income
$26
Other Revenue
$447
All Other Contributions
$251,572
Change in Net Assets
$28,143

Audited Revenue Reconciliation

Revenue per Audited Statements
$252,045
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$252,045
Total Revenue per Form 990
$252,045
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$116,142
Other Expenses$107,760
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Travel$91,878--$91,878
Current Officers, Directors, Trustees, and Key Employees$72,018--$72,018
Other Salaries and Wages$19,017--$19,017
Payroll Taxes$16,362--$16,362
Fees for Services Other-$8,590-$8,590
Comp Disqual Persons$7,800--$7,800
Office Expenses$3,008$1,985-$4,993
All Other Expenses-$1,201-$1,201
Information Technology-$1,098-$1,098
Other Employee Benefits$945--$945
Total Functional Expenses$211,028$12,874$0$223,902

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$223,902
Total Expenses per Audited Statements$223,902
Total Expenses per Form 990$223,902
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$0
International Activity

International Summary

Offices
0
Employees
0
Spending
$210,887

International Compliance

Activity in boycott countries
No
Foreign corporation ownership
No
Foreign partnership interest
No
Interest in foreign trust
No
Passive foreign investment company interest
No
Transfers to foreign corporations
No

International Activities

RegionActivityServicesOfficesEmployeesSpending
Middle East and North AfricaProgram servicesEnglish tutoring, English speaking schools, national schools00$203,842
Europe (Including Iceland & Greenland)Program servicesProviding teachers for national schools00$7,045
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
Insider Transactions and Loans

Interested-Person Transactions

Interested PartyRelationshipDescriptionShared RevenueAmount
Ruth BeckFamily member of PresidentW-2 wagesNo$7,800
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Audit committee
Yes
Business relationship with family members
Yes
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
No
Conflict-of-interest policy
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, line 8A

“The Board did not meet regularly in 2014 nor make any major decisions. Therefore, there were no minutes to report for the year.”

Form 990, Part VI, Section A, line 8B

“There are no committees with authority to act on behalf of the governing body.”

Form 990, Part VI, Section B, line 11

“The Form 990 is prepared by an independent CPA firm. It is reviewed by the Director prior to filing with the IRS. A copy is also provided to the full Board prior to filing.”

Form 990, Part VI, Section B, line 15A

“Line 15a - A group of independent persons approves the President's compensation. Comparability data is used and the approval process is documented. Line 15b - The organization does not compensate any other officers. Therefore, this question was answered no in accordance with the instructions.”

Form 990, Part VI, Section C, line 19

“The organization makes its governing documents and financial statements available to the public upon request.”

Form 990, Part VI, Lines 12-14

“The organization is in the process of implementing a conflict of interest policy, written whistleblower policy, and written document retention and destruction policy. These will be put in place by the end of the next reporting year.”

Filing and Contact Details

Filer

Filer Name
LEAD Education Group Inc
EIN
27-2456254
Phone
6306338090
Address
5443 S Kenwood, Chicago, IL 60615

Signing Officer

Name
Dr Stephen Beck
Title
President
Phone
6306338090
Signed
2015-10-01
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Dr Stephen Beck
Formed
2010
Legal Domicile
Il
Voting Board Members
4
Independent Board Members
4
Employees
3
Volunteers
6

Preparer

Firm
Capin Crouse LLP
Address
972 Emerson Parkway STE A, Greenwood, IN 46143
Preparer
Daren Daiga
Phone
3178852620
Supplemental Narrative

Additional Explanations

Form 990, Part XII, Line 2C

“The organization's Board assumes responsibility for oversight of the audit of its financial statements and selection of its independent accountant. This process has not changed since the prior year.”

Financial Statement Notes

Part X, Line 2:

“The financial statement effects of a tax position taken or expected to be taken are recognized in the financial statements when it is more likely than not, based on the technical merits, that the position will be sustained upon examination. Interest and penalties, if any, are included in expenses in the statement of activities. As of December 31, 2014, LEAD Education Group had no uncertain tax positions that qualify for recognition or disclosure in the financial statements. LEAD files information tax returns in the U.S. and various states. LEAD is generally no longer subject to U.S. federal and state income tax examinations by tax authorities for years before 2011.”

Raw XML Appendix378 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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IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0The financial statement effects of a tax position taken or expected to be taken are recognized in the financial statements when it is more likely than not, based on the technical merits, that the position will be sustained upon examination. Interest and penalties, if any, are included in expenses in the statement of activities. As of December 31, 2014, LEAD Education Group had no uncertain tax positions that qualify for recognition or disclosure in the financial statements. LEAD files information tax returns in the U.S. and various states. LEAD is generally no longer subject to U.S. federal and state income tax examinations by tax authorities for years before 2011.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0Part X, Line 2:
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IRS990ScheduleF/AccountActivitiesOutsideUSGrp/RegionTxt0Europe (Including Iceland & Greenland)
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/RegionTxt1Middle East and North Africa
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/SpecificServicesProvidedTxt0Providing teachers for national schools
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/SpecificServicesProvidedTxt1English tutoring, English speaking schools, national schools
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/TypeOfActivitiesConductedTxt0Program services
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/TypeOfActivitiesConductedTxt1Program services
IRS990ScheduleF/BoycottCountriesInd00
IRS990ScheduleF/ContinuationSpentAmt00
IRS990ScheduleF/ContinutationTotalEmployeeCnt00
IRS990ScheduleF/ContinutationTotalOfficeCnt00
IRS990ScheduleF/ForeignCorpOwnershipInd00
IRS990ScheduleF/ForeignPartnershipInd00
IRS990ScheduleF/InterestInForeignTrustInd00
IRS990ScheduleF/PassiveForeignInvestmestCoInd00
IRS990ScheduleF/SubtotalEmployeesCnt00
IRS990ScheduleF/SubtotalOfficesCnt00
IRS990ScheduleF/SubtotalSpentAmt0210887
IRS990ScheduleF/SupplementalInformationDetail/ExplanationTxt0Expenditures are accounted for using the cash method.
IRS990ScheduleF/SupplementalInformationDetail/FormAndLineReferenceDesc0Part I, line 3:
IRS990ScheduleF/TotalEmployeeCnt00
IRS990ScheduleF/TotalOfficeCnt00
IRS990ScheduleF/TotalSpentAmt0210887
IRS990ScheduleF/TransferToForeignCorpInd00
IRS990/ScheduleJRequiredInd00
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/NameOfInterested/PersonNm0Ruth Beck
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/RelationshipDescriptionTxt0Family member of President
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/SharingOfRevenuesInd00
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionAmt07800
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionDesc0W-2 wages
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0The Board did not meet regularly in 2014 nor make any major decisions. Therefore, there were no minutes to report for the year.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1There are no committees with authority to act on behalf of the governing body.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2The Form 990 is prepared by an independent CPA firm. It is reviewed by the Director prior to filing with the IRS. A copy is also provided to the full Board prior to filing.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3Line 15a - A group of independent persons approves the President's compensation. Comparability data is used and the approval process is documented. Line 15b - The organization does not compensate any other officers. Therefore, this question was answered no in accordance with the instructions.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4The organization makes its governing documents and financial statements available to the public upon request.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5The organization is in the process of implementing a conflict of interest policy, written whistleblower policy, and written document retention and destruction policy. These will be put in place by the end of the next reporting year.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6The organization's Board assumes responsibility for oversight of the audit of its financial statements and selection of its independent accountant. This process has not changed since the prior year.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Section A, line 8a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Section A, line 8b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Section B, line 11
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part VI, Section B, line 15a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Form 990, Part VI, Section C, line 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Form 990, Part VI, Lines 12-14
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6Form 990, Part XII, Line 2c
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0IL
IRS990/SubjectToProxyTaxInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TemporarilyRstrNetAssetsGrp/BOYAmt076644
IRS990/TemporarilyRstrNetAssetsGrp/EOYAmt092468
IRS990/TempOrPermanentEndowmentsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt093045
IRS990/TotalAssetsEOYAmt0125533
IRS990/TotalAssetsGrp/BOYAmt093045
IRS990/TotalAssetsGrp/EOYAmt0125533
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt0251572
IRS990/TotalEmployeeCnt03
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt012874
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0211028
IRS990/TotalFunctionalExpensesGrp/TotalAmt0223902
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt00
IRS990/TotalLiabilitiesEOYAmt04345
IRS990/TotalLiabilitiesGrp/BOYAmt00
IRS990/TotalLiabilitiesGrp/EOYAmt04345
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt093045
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0121188
IRS990/TotalOtherCompensationAmt01574
IRS990/TotalProgramServiceExpensesAmt0211028
IRS990/TotalReportableCompFromOrgAmt070444
IRS990/TotalRevenueGrp/ExclusionAmt026
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0447
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0252045
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt06
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt093045
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0125533
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TravelGrp/ProgramServicesAmt091878
IRS990/TravelGrp/TotalAmt091878
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UnrestrictedNetAssetsGrp/BOYAmt016401
IRS990/UnrestrictedNetAssetsGrp/EOYAmt028720
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt05443 S Kenwood
IRS990/USAddress/CityNm0Chicago
IRS990/USAddress/StateAbbreviationCd0IL
IRS990/USAddress/ZIPCd060615
IRS990/VotingMembersGoverningBodyCnt04
IRS990/VotingMembersIndependentCnt04
IRS990/WebsiteAddressTxt0http://leadeducationgroup.com/
IRS990/WhistleblowerPolicyInd00
ReturnHeader/BuildTS02016-02-25 16:41:14Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0Dr Stephen Beck
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0President
ReturnHeader/BusinessOfficerGrp/PhoneNum06306338090
ReturnHeader/BusinessOfficerGrp/SignatureDt02015-10-01
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0LEAD Education Group Inc
ReturnHeader/Filer/BusinessNameControlTxt0LEAD
ReturnHeader/Filer/EIN0272456254
ReturnHeader/Filer/PhoneNum06306338090
ReturnHeader/Filer/USAddress/AddressLine1Txt05443 S Kenwood
ReturnHeader/Filer/USAddress/CityNm0Chicago
ReturnHeader/Filer/USAddress/StateAbbreviationCd0IL
ReturnHeader/Filer/USAddress/ZIPCd060615
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0363990892
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0Capin Crouse LLP
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0972 Emerson Parkway STE A
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0Greenwood
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0IN
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd046143
ReturnHeader/PreparerPersonGrp/PhoneNum03178852620
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0Daren Daiga
ReturnHeader/ReturnTs02015-10-01T12:23:32-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02014-01-01
ReturnHeader/TaxPeriodEndDt02014-12-31
ReturnHeader/TaxYr02014

Document Assets

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Filings

Displayed year

2014 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$125,533
Liabilities
$4,345
Net assets
$121,188
Revenue
$252,045
Expenses
$223,902
Net income
$28,143
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.52$0.06$3.47$5.47$4.09$1.38
2023Detailed filing. Detailed filing data is available for this year.$2.14$0.05$2.08$3.63$3.32$0.30
2022Detailed filing. Detailed filing data is available for this year.$1.83$0.05$1.78$4.14$3.78$0.36
2021Detailed filing. Detailed filing data is available for this year.$1.48$0.06$1.42$3.90$4.46$0.56
2020Detailed filing. Detailed filing data is available for this year.$2.12$0.13$1.99$3.92$3.58$0.34
2019Detailed filing. Detailed filing data is available for this year.$1.83$0.18$1.65$4.86$5.24$0.38
2018Detailed filing. Detailed filing data is available for this year.$2.16$0.13$2.03$4.71$4.99$0.28
2017Detailed filing. Detailed filing data is available for this year.$2.39$0.08$2.31$3.63$3.48$0.15
2016Detailed filing. Detailed filing data is available for this year.$2.26$0.10$2.16$2.05$2.39$0.34
2015Detailed filing. Detailed filing data is available for this year.$2.85$0.35$2.50$3.06$1.77$1.29
2014Detailed filing. Detailed filing data is available for this year.$1.26$0.04$1.21$2.52$2.24$0.28