Civic Intelligence

Lead Education Group Inc.

990 • Fiscal year 2019 • EIN 27-2456254

Jan 01, 2019 to Dec 31, 2019 • Filed on Nov 04, 2020

PO Box 5392Wheaton, IL 60189

(630) 580-5754

Siviq Scores

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

Liabilities / Assets

79th percentile

0.10x

Higher debt load relative to assets than 79% of similar nonprofits.

2019 filings • 501(c)3 • <$500k nonprofits • Source year 2019

Liabilities / Revenue

75th percentile

0.04x

Higher debt load relative to revenue than 75% of similar nonprofits.

2019 filings • 501(c)3 • <$500k nonprofits • Source year 2019

Net Margin

26th percentile

-7.8%

Higher net margin than 26% of similar nonprofits.

2019 filings • 501(c)3 • <$500k nonprofits • Source year 2019

Top Officer Pay

98th percentile

$91,500

Higher top officer pay than 98% of similar nonprofits.

Top officer pay equals 18.8% of source-year revenue.

2019 filings • 501(c)3 • <$500k nonprofits • Source year 2019

Asset Growth

24th percentile

-15%

Faster asset growth than 24% of similar nonprofits.

2019 filings • 501(c)3 • <$500k nonprofits • Annualized from 2018 to 2019

Revenue Growth

53rd percentile

3.1%

Faster revenue growth than 53% of similar nonprofits.

2019 filings • 501(c)3 • <$500k nonprofits • Annualized from 2018 to 2019

Assets

Down

$183,068

Down $32,974 (-15%) from 2018

Net Assets

Down

$164,781

Down $37,946 (-19%) from 2018

Liabilities

Up

$18,287

Up $4,972 (+37%) from 2018

Revenue

Up

$485,905

Up $14,773 (+3.1%) from 2018

Expenses

Up

$523,851

Up $24,662 (+4.9%) from 2018

Net Income

Down

-$37,946

Down $9,889 (-35%) from 2018

Historical Trend

Balance Sheet Trend

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

2019

Assets$183,068
Liabilities$18,287
Net Assets$164,781

Operations Trend

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

2019

Revenue$485,905
Expenses$523,851
Net Income-$37,946
Jump To
Filing Snapshot
Filing Period
Jan 1, 2019 to Dec 31, 2019
Signed
Nov 4, 2020
Return Version
2019v5.1
Gross Receipts
$485,905
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 various countries throughout the world. The mission is accomplished through the following initiatives: starting english-speaking schools, providing teachers for national schools, teacher training, english tutoring & education for the deaf.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$207,542$181,993▼ $25,549
Prepaid Expenses and Deferred Charges-$1,075-
Total Assets$216,042$183,068▼ $32,974
Other Assets Total$8,500$0▼ $8,500
Liabilities
Accounts Payable and Accrued Expenses$8,270$11,663▲ $3,393
Other Liabilities$5,045$6,624▲ $1,579
Total Liabilities$13,315$18,287▲ $4,972
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$82,996$83,238▲ $242
Net Assets With Donor Restrictions$119,731$81,543▼ $38,188
Total Net Assets Fund Balance$202,727$164,781▼ $37,946
Total Liabilities and Net Assets / Fund Balance$216,042$183,068▼ $32,974
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Dr Stephen BeckExecutive DirectorFT$91,500$91,500

Board Members and Trustees

NameTitle
Dr Kitty PurgasonBoard Member
Mr Donald BeaverBoard Member
Mr Robert KnappSecretary
Revenue and Support

Revenue Composition

Contributions and Grants
$485,905
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$0
All Other Contributions
$485,905
Change in Net Assets
$-37,946

Audited Revenue Reconciliation

Revenue per Audited Statements
$485,905
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$158,000
Total Revenue per Audited Statements
$643,905
Total Revenue per Form 990
$485,905
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$334,061
Other Expenses$189,790
Total Fundraising Expense$24,535
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Current Officers, Directors, Trustees, and Key Employees$289,871$28,596$15,594$334,061
Travel$30,196-$6,908$37,104
All Other Expenses$4,354$9,218$2,033$15,605
Other Expenses$1,937$2,909-$4,846
Insurance-$1,092-$1,092
Office Expenses-$755-$755
Information Technology-$99-$99
Total Functional Expenses$415,332$83,984$24,535$523,851

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$681,851
Expenses per Audited Statements$523,851
Total Expenses per Form 990$523,851
Expenses Not Reported on Form 990$158,000
Expenses Not Reported on Financial Statements$0
International Activity

International Summary

Offices
3
Employees
3
Spending
$339,332

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
North Africa, France, and AmericaProgram ServicesEnglish Tutoring, English Speaking Schools, National Schools33$339,332
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
Payroll Liabilities$5,644
Non-deductible Gifts Payable$980
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
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
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 A, Line 8B

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

Form 990, Part VI, Section B, Line 11B

The form 990 is prepared by an independent cpa firm. It is reviewd by the director in detail 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 12C

The organization requires all officers and board members to annually complete and sign a conflict of interest questionnaire. The organization's director consistently monitors and enforces compliance with the policy. Should any potential conflicts of interst be disclosed, the board memebr or officer would be asked to refrain from participation in any deliberation with regard to matters affected by the relationaship.

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

The process for determining compensation for the director included review and approval by independent persons. Comparability data is used and the approval process in documented. The organization does not compensate any other officers or key employees. Therefore, this question was answered in accordance with the instructions.

Form 990, Part VI, Section C, Line 19

The organization makes its governing documents, conflict of interest policy, and financial statements available to the public upon request.

Filing and Contact Details

Filer

Filer Name
Lead Education Group Inc
EIN
27-2456254
Phone
6305805754
Address
PO BOX 5392, WHEATON, IL 60189

Signing Officer

Name
Stephen Beck
Title
President
Phone
6306338090
Signed
2020-11-04
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
0
Volunteers
0

Preparer

Firm
Tighe Kress & Orr Pc
Address
2001 LARKIN AVENUE SUITE 202, ELGIN, IL 60123
Preparer
Wade Arthur CPA
Phone
8476952700
Supplemental Narrative

Additional Explanations

Form 990, Part XII, Line 2C

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

Raw XML Appendix370 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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IRS990ScheduleF/AccountActivitiesOutsideUSGrp/EmployeeCnt03
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/OfficesCnt03
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/RegionTotalExpendituresAmt0339332
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/RegionTxt0NORTH AFRICA, FRANCE, AND AMERICA
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/SpecificServicesProvidedTxt0ENGLISH TUTORING, ENGLISH SPEAKING SCHOOLS, NATIONAL SCHOOLS
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/TypeOfActivitiesConductedTxt0PROGRAM SERVICES
IRS990ScheduleF/BoycottCountriesInd00
IRS990ScheduleF/ContinuationSpentAmt00
IRS990ScheduleF/ContinuationTotalEmployeeCnt00
IRS990ScheduleF/ContinuationTotalOfficeCnt00
IRS990ScheduleF/ForeignCorpOwnershipInd00
IRS990ScheduleF/ForeignPartnershipInd00
IRS990ScheduleF/InterestInForeignTrustInd00
IRS990ScheduleF/PassiveForeignInvestmestCoInd00
IRS990ScheduleF/SubtotalEmployeesCnt03
IRS990ScheduleF/SubtotalOfficesCnt03
IRS990ScheduleF/SubtotalSpentAmt0339332
IRS990ScheduleF/SupplementalInformationDetail/FormAndLineReferenceDesc0PART III ACCOUNTING METHOD:
IRS990ScheduleF/TotalEmployeeCnt03
IRS990ScheduleF/TotalOfficeCnt03
IRS990ScheduleF/TotalSpentAmt0339332
IRS990ScheduleF/TransferToForeignCorpInd00
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THERE ARE NO COMMITTEES WITH AUTHORITY TO ACT ON BEHALF OF THE GOVERNING BODY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE FORM 990 IS PREPARED BY AN INDEPENDENT CPA FIRM. IT IS REVIEWD BY THE DIRECTOR IN DETAIL PRIOR TO FILING WITH THE IRS. A COPY IS ALSO PROVIDED TO THE FULL BOARD PRIOR TO FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE ORGANIZATION REQUIRES ALL OFFICERS AND BOARD MEMBERS TO ANNUALLY COMPLETE AND SIGN A CONFLICT OF INTEREST QUESTIONNAIRE. THE ORGANIZATION'S DIRECTOR CONSISTENTLY MONITORS AND ENFORCES COMPLIANCE WITH THE POLICY. SHOULD ANY POTENTIAL CONFLICTS OF INTERST BE DISCLOSED, THE BOARD MEMEBR OR OFFICER WOULD BE ASKED TO REFRAIN FROM PARTICIPATION IN ANY DELIBERATION WITH REGARD TO MATTERS AFFECTED BY THE RELATIONASHIP.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE PROCESS FOR DETERMINING COMPENSATION FOR THE DIRECTOR INCLUDED REVIEW AND APPROVAL BY INDEPENDENT PERSONS. COMPARABILITY DATA IS USED AND THE APPROVAL PROCESS IN DOCUMENTED. THE ORGANIZATION DOES NOT COMPENSATE ANY OTHER OFFICERS OR KEY EMPLOYEES. THEREFORE, THIS QUESTION WAS ANSWERED IN ACCORDANCE WITH THE INSTRUCTIONS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5THE ORGANIZATION'S BOARD ASSUMES RESPONSIBILITY FOR OVERSIGHT OF THE AUDIT OF ITS FINANCIAL STATMENTS AND SELECTION OF ITS INDEPENDENT ACCOUNTANT. THIS PROCESS HAS NOT CHANGED SINCE THE PRIOR YEAR.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 8B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 12C
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 XII, LINE 2C
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0IL
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt0216042
IRS990/TotalAssetsEOYAmt0183068
IRS990/TotalAssetsGrp/BOYAmt0216042
IRS990/TotalAssetsGrp/EOYAmt0183068
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt0485905
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt024535
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt083984
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0415332
IRS990/TotalFunctionalExpensesGrp/TotalAmt0523851
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt013315
IRS990/TotalLiabilitiesEOYAmt018287
IRS990/TotalLiabilitiesGrp/BOYAmt013315
IRS990/TotalLiabilitiesGrp/EOYAmt018287
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0202727
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0164781
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt0415332
IRS990/TotalReportableCompFromOrgAmt091500
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt00
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0485905
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0216042
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0183068
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TravelGrp/FundraisingAmt06908
IRS990/TravelGrp/ProgramServicesAmt030196
IRS990/TravelGrp/TotalAmt037104
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0PO BOX 5392
IRS990/USAddress/CityNm0WHEATON
IRS990/USAddress/StateAbbreviationCd0IL
IRS990/USAddress/ZIPCd060189
IRS990/VotingMembersGoverningBodyCnt04
IRS990/VotingMembersIndependentCnt04
IRS990/WebsiteAddressTxt0LEADEDUCATIONGROUP.COM
IRS990/WhistleblowerPolicyInd01
ReturnHeader/BuildTS02022-09-23 18:48:47Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0STEPHEN BECK
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum06306338090
ReturnHeader/BusinessOfficerGrp/SignatureDt02020-11-04
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0LEAD EDUCATION GROUP INC
ReturnHeader/Filer/BusinessNameControlTxt0LEAD
ReturnHeader/Filer/EIN0272456254
ReturnHeader/Filer/PhoneNum06305805754
ReturnHeader/Filer/USAddress/AddressLine1Txt0PO BOX 5392
ReturnHeader/Filer/USAddress/CityNm0WHEATON
ReturnHeader/Filer/USAddress/StateAbbreviationCd0IL
ReturnHeader/Filer/USAddress/ZIPCd060189
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0260476995
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0TIGHE KRESS & ORR PC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt02001 LARKIN AVENUE SUITE 202
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0ELGIN
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0IL
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd060123
ReturnHeader/PreparerPersonGrp/PhoneNum08476952700
ReturnHeader/PreparerPersonGrp/PreparationDt02020-11-04
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0WADE ARTHUR CPA
ReturnHeader/ReturnTs02020-11-04T12:54:18-06:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02019-01-01
ReturnHeader/TaxPeriodEndDt02019-12-31
ReturnHeader/TaxYr02019

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