Civic Intelligence

I Lead Charter School - Reading

990 • Fiscal year 2016 • EIN 27-4410895

Jul 01, 2015 to Jun 30, 2016 • Filed on Jan 31, 2017

Organization ProfileWWW.I-LEADCHARTER.ORG
401 Penn StReading, PA 19601

(855) 453-2327

Siviq Scores

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

Liabilities / Assets

64th percentile

0.34x

Higher debt load relative to assets than 64% of similar nonprofits.

2016 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2016

Liabilities / Revenue

33rd percentile

0.09x

Higher debt load relative to revenue than 33% of similar nonprofits.

2016 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2016

Net Margin

63rd percentile

6.4%

Higher net margin than 63% of similar nonprofits.

2016 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2016

Top Officer Pay

63rd percentile

$149,162

Higher top officer pay than 63% of similar nonprofits.

Top officer pay equals 2.3% of source-year revenue.

2016 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2016

Asset Growth

87th percentile

25%

Faster asset growth than 87% of similar nonprofits.

2016 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2015 to 2016

Revenue Growth

63rd percentile

7.6%

Faster revenue growth than 63% of similar nonprofits.

2016 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2015 to 2016

Balance Sheet
Liabilities / Assets64th percentile

Assets

Up

$1,678,139

Up $335,916 (+25%) from 2015

Net Assets

Up

$1,111,900

Up $408,695 (+58%) from 2015

Liabilities

Down

$566,239

Down $72,779 (-11%) from 2015

Revenue And Expenses
Liabilities / Revenue33rd percentileNet Margin63rd percentile

Revenue

Up

$6,367,419

Up $449,284 (+7.6%) from 2015

Expenses

Up

$5,958,724

Up $407,719 (+7.3%) from 2015

Net Income

Up

$408,695

Up $41,565 (+11%) from 2015

Historical Trend

Balance Sheet Trend

Asset Growth87th percentile

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

$3.0M$2.0M$1.0M$0Assets 2013: $782,133Liabilities 2013: $668,478Net Assets 2013: $113,6552013Assets 2014: $788,562Liabilities 2014: $452,487Net Assets 2014: $336,0752014Assets 2015: $1,342,223Liabilities 2015: $639,018Net Assets 2015: $703,2052015Assets 2016: $1,678,139Liabilities 2016: $566,239Net Assets 2016: $1,111,9002016Assets 2018: $2,387,471Liabilities 2018: $599,330Net Assets 2018: $1,788,1412018Assets 2019: $2,206,337Liabilities 2019: $507,008Net Assets 2019: $1,699,3292019Assets 2020: $2,153,239Liabilities 2020: $1,462,151Net Assets 2020: $691,0882020Assets 2021: $708,781Liabilities 2021: $59,571Net Assets 2021: $649,2102021

Highlighted filing

2016

Assets$1,678,139
Liabilities$566,239
Net Assets$1,111,900
Open 2016 Filing

Operations Trend

Revenue Growth63rd percentile

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

$10M$5.0M$0-$5.0MExpenses 2013: $4,116,4252013Revenue 2014: $5,097,038Expenses 2014: $4,874,618Net Income 2014: $222,4202014Revenue 2015: $5,918,135Expenses 2015: $5,551,005Net Income 2015: $367,1302015Revenue 2016: $6,367,419Expenses 2016: $5,958,724Net Income 2016: $408,6952016Revenue 2018: $6,423,358Expenses 2018: $5,969,215Net Income 2018: $454,1432018Revenue 2019: $5,838,392Expenses 2019: $5,927,204Net Income 2019: -$88,8122019Revenue 2020: $6,565,026Expenses 2020: $7,319,622Net Income 2020: -$754,5962020Revenue 2021: $774,548Expenses 2021: $749,415Net Income 2021: $25,1332021

Highlighted filing

2016

Revenue$6,367,419
Expenses$5,958,724
Net Income$408,695
Open 2016 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2015 to Jun 30, 2016
Signed
Jan 31, 2017
Return Version
2015v3.0
Gross Receipts
$6,367,419
Mission and Program Overview

Mission

The organization operates a charter school located in reading, pennsylvania. The school serves youth disconnected from school with the opportunity to re-engage in their education and transition successfully into adulthood. Currently, ilcs serves students enrolled in grades nine through twelve.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$684,220$861,266▲ $177,046
Accounts Receivable$322,264$459,742▲ $137,478
Pledges and Grants Receivable$264,254$226,377▼ $37,877
Prepaid Expenses and Deferred Charges$33,481$87,812▲ $54,331
Land, Buildings, and Equipment, Net$19,401$18,915▼ $486
Inventories for Sale or Use$11,764$13,668▲ $1,904
Cash and Non-Interest-Bearing Accounts$6,839$10,359▲ $3,520
Total Assets$1,342,223$1,678,139▲ $335,916
Liabilities
Accounts Payable and Accrued Expenses$621,935$554,635▼ $67,300
Other Liabilities$17,083$11,604▼ $5,479
Total Liabilities$639,018$566,239▼ $72,779
Net Assets / Fund Balance
Unrestricted Net Assets$703,205$1,111,900▲ $408,695
Total Net Assets Fund Balance$703,205$1,111,900▲ $408,695
Total Liabilities and Net Assets / Fund Balance$1,342,223$1,678,139▲ $335,916

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$18,915$67,279$86,194
Compensation and Service Providers
Top Officer Pay63rd percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Angel FigueroaCEOFT$120,308$28,854$149,162
Barbara SykesCFOFT$106,250$31,370$137,620
Tamara SmithCAOFT$65,417$13,777$79,194

Board Members and Trustees

NameTitle
Robert NataliniChairperson
Joseph AmpreySecretary
Robert JeffersonTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$1,197,139
Program Service Revenue
$5,138,961
Investment Income
$735
Other Revenue
$30,584
All Other Contributions
$97,314
Change in Net Assets
$408,695

Noncash Contribution Practices

Property subject to holding requirements
No
Reviewed unusual noncash gifts
No
Third parties used for noncash contributions
No

Noncash Contributions

Contribution TypeContribution CountReported AmountValuation Method
Other Non Cash Contri Table749$79,836Fair Market Value (FMV)
Total Noncash Contributions749$79,836-

Audited Revenue Reconciliation

Revenue per Audited Statements
$6,367,419
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$6,367,419
Total Revenue per Form 990
$6,367,419
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$4,039,764
Other Expenses$1,918,960
Total Fundraising Expense$12,523
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$1,989,582$428,058$8,435$2,426,075
Fees for Services Other$786,721$139,214-$925,935
Pension Plan Contributions$498,489$87,334$2,059$587,882
Occupancy$439,789$48,865-$488,654
Current Officers, Directors, Trustees, and Key Employees$181,686$196,197-$377,883
Other Employee Benefits$300,863$68,655$1,170$370,688
Payroll Taxes$223,397$52,980$859$277,236
Fees for Services Legal$580$151,116-$151,696
Office Expenses$22,168$22,841-$45,009
Advertising$53$25,018-$25,071
Insurance$16,481$1,696-$18,177
Interest$9,334$1,037-$10,371
Travel$6,801$3,308-$10,109
Other Expenses$8,843$983-$9,826
Depreciation Depletion$4,843$538-$5,381
Total Functional Expenses$4,676,639$1,269,562$12,523$5,958,724

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$5,958,724
Total Expenses per Audited Statements$5,958,724
Total Expenses per Form 990$5,958,724
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
Capital Lease Payable$11,604
Governance and Compliance

Governance Checklist

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

Governance Explanations

Form 990, Part VI, Section A, Line 1

“Three board members resigned during fiscal year 2014/2015. In august of 2015 a new member joined the board. The board is in active discussion with potential additional new members.”

Form 990, Part VI, Section B, Line 11

“The board chair and the treasurer review the form 990 with the chief executive officer and the chief financial officer.”

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

“All staff must sign a new conflict of interest policy annually at the start of the school year. All potential conflicts of interest are brought to the board for approval. The board approves any new executive positions and any potential conflicts of interest must be disclosed before hiring.”

Form 990, Part VI, Section B, Line 15

“The board of directors determines the salary of the chief administrators using performance measures and salary comparisons to amounts reported on the 990s of similar organizations and similar positions.”

Form 990, Part VI, Section C, Line 18

“The school makes form 990 available upon request. Additionally, form 990 is available on guidestar.org.”

Form 990, Part VI, Section C, Line 19

“The school makes its governing documents, conflict of interest policy and financial statements available upon request.”

Filing and Contact Details

Filer

Filer Name
I Lead Charter School - Reading
EIN
27-4410895
Phone
8554532327
Address
401 PENN ST, READING, PA 19601

Signing Officer

Name
Barbara Sykes
Title
Chief Financal Officer
Phone
8554532327
Signed
2017-01-31

Organization Details

Principal Officer
Barbara Sykes
Formed
2010
Legal Domicile
Pa
Voting Board Members
3
Independent Board Members
3
Employees
121
Volunteers
35

Preparer

Firm
Barbacane Thornton & Company Llp
Address
200 SPRINGER BLDG 3411 SILVERSIDE, ROAD, WILMINGTON, DE 19810-4866
Preparer
Jeffrey a Kowalczyk CPA
Phone
3024788940
Supplemental Narrative

Additional Explanations

Form 990, Part IX, Line 11G

“Educational services: program service expenses 330840. Management and general expenses 58543. Fundraising expenses 0. Total expenses 389383. Other professional services: program service expenses 455881. Management and general expenses 80671. Fundraising expenses 0. Total expenses 536552.”

Financial Statement Notes

PART X, LINE 2:

“The school is exempt from federal income taxes under section 501(c)(3) of the internal revenue code. However, income from certain activities not directly related to the school's tax-exempt purpose may be subject to taxation as unrelated business income. Generally accepted accounting principles prescribe rules for the recognition, measurement, classification, and disclosure in the financial statements of uncertain tax positions taken or expected to be taken in the school's tax returns. Management has determined that the school does not have any uncertain tax positions or associated unrecognized benefits that materially impact the financial statements or related disclosures. Since tax matters are subject to some degree of uncertainty, there can be no assurance that the school's tax returns will not be challenged by the taxing authorities and that the school will not be subject to additional tax, penalties, and interest as a result of such challenge.”

Raw XML AppendixShowing 400 of 475 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/BOYAmt0621935
IRS990/AccountsPayableAccrExpnssGrp/EOYAmt0554635
IRS990/AccountsReceivableGrp/BOYAmt0322264
IRS990/AccountsReceivableGrp/EOYAmt0459742
IRS990/ActivitiesConductedPrtshpInd00
IRS990/ActivityOrMissionDesc0THE ORGANIZATION OPERATES A CHARTER SCHOOL LOCATED IN READING, PENNSYLVANIA. THE SCHOOL SERVES YOUTH DISCONNECTED FROM SCHOOL WITH THE OPPORTUNITY TO RE-ENGAGE IN THEIR EDUCATION AND TRANSITION SUCCESSFULLY INTO ADULTHOOD. CURRENTLY, ILCS SERVES STUDENTS ENROLLED IN GRADES NINE THROUGH TWELVE.
IRS990/AdvertisingGrp/ManagementAndGeneralAmt025018
IRS990/AdvertisingGrp/ProgramServicesAmt053
IRS990/AdvertisingGrp/TotalAmt025071
IRS990/AllOtherContributionsAmt097314
IRS990/AnnualDisclosureCoveredPrsnInd01
IRS990/AuditCommitteeInd00
IRS990/BackupWthldComplianceInd01
IRS990/BooksInCareOfDetail/BusinessName/BusinessNameLine1Txt0THE ORGANIZATION
IRS990/BooksInCareOfDetail/PhoneNum08554532327
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt0401 PENN ST
IRS990/BooksInCareOfDetail/USAddress/CityNm0READING
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0PA
IRS990/BooksInCareOfDetail/USAddress/ZIPCd019601
IRS990/BusinessRlnWithFamMemInd00
IRS990/BusinessRlnWithOfficerEntInd00
IRS990/BusinessRlnWithOrgMemInd00
IRS990/CashNonInterestBearingGrp/BOYAmt06839
IRS990/CashNonInterestBearingGrp/EOYAmt010359
IRS990/ChangeToOrgDocumentsInd00
IRS990/CntrctRcvdGreaterThan100KCnt00
IRS990/CollectionsOfArtInd00
IRS990/CompCurrentOfcrDirectorsGrp/ManagementAndGeneralAmt0196197
IRS990/CompCurrentOfcrDirectorsGrp/ProgramServicesAmt0181686
IRS990/CompCurrentOfcrDirectorsGrp/TotalAmt0377883
IRS990/CompensationFromOtherSrcsInd00
IRS990/CompensationProcessCEOInd01
IRS990/CompensationProcessOtherInd01
IRS990/ConflictOfInterestPolicyInd01
IRS990/ConservationEasementsInd00
IRS990/ConsolidatedAuditFinclStmtInd00
IRS990/CreditCounselingInd00
IRS990/CYBenefitsPaidToMembersAmt00
IRS990/CYContributionsGrantsAmt01197139
IRS990/CYGrantsAndSimilarPaidAmt00
IRS990/CYInvestmentIncomeAmt0735
IRS990/CYOtherExpensesAmt01918960
IRS990/CYOtherRevenueAmt030584
IRS990/CYProgramServiceRevenueAmt05138961
IRS990/CYRevenuesLessExpensesAmt0408695
IRS990/CYSalariesCompEmpBnftPaidAmt04039764
IRS990/CYTotalExpensesAmt05958724
IRS990/CYTotalFundraisingExpenseAmt012523
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt06367419
IRS990/DecisionsSubjectToApprovaInd00
IRS990/DeductibleArtContributionInd00
IRS990/DeductibleNonCashContriInd01
IRS990/DelegationOfMgmtDutiesInd00
IRS990/DepreciationDepletionGrp/ManagementAndGeneralAmt0538
IRS990/DepreciationDepletionGrp/ProgramServicesAmt04843
IRS990/DepreciationDepletionGrp/TotalAmt05381
IRS990/Desc0THE CHARTER SCHOOL SERVES YOUTH DISCONNECTED FROM SCHOOL WITH THE OPPORTUNITY TO RE-ENGAGE IN THEIR EDUCATION AND TRANSITION SUCCESSFULLY INTO ADULTHOOD. THE EDUCATIONAL MODEL INCLUDES CLASSROOM AND EXPERIENCE-BASED LEARNING, WHICH CONNECTS BOOK LEARNING AND SUCCESS IN THE REAL WORLD.
IRS990/DescribedInSection501c3Ind01
IRS990/DisregardedEntityInd00
IRS990/DocumentRetentionPolicyInd01
IRS990/DonorAdvisedFundInd00
IRS990/ElectionOfBoardMembersInd00
IRS990/EmployeeCnt0121
IRS990/EmploymentTaxReturnsFiledInd01
IRS990/EngagedInExcessBenefitTransInd00
IRS990/ExpenseAmt04676639
IRS990/FamilyOrBusinessRlnInd00
IRS990/FederalGrantAuditRequiredInd00
IRS990/FeesForServicesLegalGrp/ManagementAndGeneralAmt0151116
IRS990/FeesForServicesLegalGrp/ProgramServicesAmt0580
IRS990/FeesForServicesLegalGrp/TotalAmt0151696
IRS990/FeesForServicesOtherGrp/ManagementAndGeneralAmt0139214
IRS990/FeesForServicesOtherGrp/ProgramServicesAmt0786721
IRS990/FeesForServicesOtherGrp/TotalAmt0925935
IRS990/ForeignActivitiesInd00
IRS990/ForeignFinancialAccountInd00
IRS990/ForeignOfficeInd00
IRS990/Form8282PropertyDisposedOfInd00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt012.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt112.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt212.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt360.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt450.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt540.00
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd0X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd1X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd2X
IRS990/Form990PartVIISectionAGrp/OfficerInd0X
IRS990/Form990PartVIISectionAGrp/OfficerInd1X
IRS990/Form990PartVIISectionAGrp/OfficerInd2X
IRS990/Form990PartVIISectionAGrp/OfficerInd3X
IRS990/Form990PartVIISectionAGrp/OfficerInd4X
IRS990/Form990PartVIISectionAGrp/OfficerInd5X
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt00
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt10
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt20
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt328854
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt431370
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt513777
IRS990/Form990PartVIISectionAGrp/PersonNm0ROBERT NATALINI
IRS990/Form990PartVIISectionAGrp/PersonNm1ROBERT JEFFERSON
IRS990/Form990PartVIISectionAGrp/PersonNm2JOSEPH AMPREY
IRS990/Form990PartVIISectionAGrp/PersonNm3ANGEL FIGUEROA
IRS990/Form990PartVIISectionAGrp/PersonNm4BARBARA SYKES
IRS990/Form990PartVIISectionAGrp/PersonNm5TAMARA SMITH
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt3120308
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt4106250
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt565417
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt50
IRS990/Form990PartVIISectionAGrp/TitleTxt0CHAIRPERSON
IRS990/Form990PartVIISectionAGrp/TitleTxt1TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt2SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt3CEO
IRS990/Form990PartVIISectionAGrp/TitleTxt4CFO
IRS990/Form990PartVIISectionAGrp/TitleTxt5CAO
IRS990/Form990ProvidedToGvrnBodyInd01
IRS990/FormationYr02010
IRS990/FormerOfcrEmployeesListedInd00
IRS990/FSAuditedBasisGrp/SeparateBasisFinclStmtInd0X
IRS990/FSAuditedInd01
IRS990/FundraisingActivitiesInd00
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt03
IRS990/GovernmentGrantsAmt01099825
IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd00
IRS990/GrantToRelatedPersonInd00
IRS990/GrossReceiptsAmt06367419
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd01
IRS990/IndependentAuditFinclStmtInd01
IRS990/IndependentVotingMemberCnt03
IRS990/IndivRcvdGreaterThan100KCnt02
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartIIIInd0X
IRS990/InfoInScheduleOPartIXInd0X
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InsuranceGrp/ManagementAndGeneralAmt01696
IRS990/InsuranceGrp/ProgramServicesAmt016481
IRS990/InsuranceGrp/TotalAmt018177
IRS990/InterestGrp/ManagementAndGeneralAmt01037
IRS990/InterestGrp/ProgramServicesAmt09334
IRS990/InterestGrp/TotalAmt010371
IRS990/InventoriesForSaleOrUseGrp/BOYAmt011764
IRS990/InventoriesForSaleOrUseGrp/EOYAmt013668
IRS990/InvestmentIncomeGrp/ExclusionAmt0735
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt0735
IRS990/InvestmentInJointVentureInd00
IRS990/IRPDocumentCnt017
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt067279
IRS990/LandBldgEquipBasisNetGrp/BOYAmt019401
IRS990/LandBldgEquipBasisNetGrp/EOYAmt018915
IRS990/LandBldgEquipCostOrOtherBssAmt086194
IRS990/LegalDomicileStateCd0PA
IRS990/LoanOutstandingInd00
IRS990/LobbyingActivitiesInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd00
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0THE ORGANIZATION OPERATES A CHARTER SCHOOL LOCATED IN READING, PENNSYLVANIA. THE SCHOOL SERVES YOUTH DISCONNECTED FROM SCHOOL WITH THE OPPORTUNITY TO RE-ENGAGE IN THEIR EDUCATION AND TRANSITION SUCCESSFULLY INTO ADULTHOOD. CURRENTLY, ILCS SERVES STUDENTS ENROLLED IN GRADES NINE THROUGH TWELVE.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/NetAssetsOrFundBalancesBOYAmt0703205
IRS990/NetAssetsOrFundBalancesEOYAmt01111900
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NoncashContributionsAmt079836
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/ManagementAndGeneralAmt048865
IRS990/OccupancyGrp/ProgramServicesAmt0439789
IRS990/OccupancyGrp/TotalAmt0488654
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt022841
IRS990/OfficeExpensesGrp/ProgramServicesAmt022168
IRS990/OfficeExpensesGrp/TotalAmt045009
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/FundraisingAmt01170
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt068655
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt0300863
IRS990/OtherEmployeeBenefitsGrp/TotalAmt0370688
IRS990/OtherExpensesGrp/Desc0FURN & EQUIP RENTAL
IRS990/OtherExpensesGrp/Desc1SCHOOL SUPPLIES
IRS990/OtherExpensesGrp/Desc2MISCELLANEOUS
IRS990/OtherExpensesGrp/Desc3REPAIRS AND MAINTENANCE
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt011204
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt116404
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt214114
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt3983
IRS990/OtherExpensesGrp/ProgramServicesAmt0113285
IRS990/OtherExpensesGrp/ProgramServicesAmt167675
IRS990/OtherExpensesGrp/ProgramServicesAmt26049
IRS990/OtherExpensesGrp/ProgramServicesAmt38843
IRS990/OtherExpensesGrp/TotalAmt0124489
IRS990/OtherExpensesGrp/TotalAmt184079
IRS990/OtherExpensesGrp/TotalAmt220163
IRS990/OtherExpensesGrp/TotalAmt39826
IRS990/OtherLiabilitiesGrp/BOYAmt017083
IRS990/OtherLiabilitiesGrp/EOYAmt011604
IRS990/OtherRevenueMiscGrp/BusinessCd0611110
IRS990/OtherRevenueMiscGrp/Desc0MISCELLANEOUS
IRS990/OtherRevenueMiscGrp/ExclusionAmt030584
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt030584
IRS990/OtherRevenueTotalAmt030584
IRS990/OtherSalariesAndWagesGrp/FundraisingAmt08435
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt0428058
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt01989582
IRS990/OtherSalariesAndWagesGrp/TotalAmt02426075
IRS990/OtherWebsiteInd0X
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PayrollTaxesGrp/FundraisingAmt0859
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt052980
IRS990/PayrollTaxesGrp/ProgramServicesAmt0223397
IRS990/PayrollTaxesGrp/TotalAmt0277236
IRS990/PensionPlanContributionsGrp/FundraisingAmt02059
IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt087334
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt0498489
IRS990/PensionPlanContributionsGrp/TotalAmt0587882
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt0264254
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt0226377
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt033481
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt087812
IRS990/PrincipalOfficerNm0BARBARA SYKES
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0611110
IRS990/ProgramServiceRevenueGrp/Desc0RECEIPTS FROM LOCAL SC
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt05138961
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt05138961
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt01124384
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt0623
IRS990/PYOtherExpensesAmt01500452
IRS990/PYOtherRevenueAmt020255
IRS990/PYProgramServiceRevenueAmt04772873
IRS990/PYRevenuesLessExpensesAmt0367130
IRS990/PYSalariesCompEmpBnftPaidAmt04050553
IRS990/PYTotalExpensesAmt05551005
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt05918135
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0408695
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt05138961
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0684220
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0861266
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/BookValueAmt018915
IRS990ScheduleD/EquipmentGrp/DepreciationAmt067279
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt086194
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt05958724
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt011604
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0CAPITAL LEASE PAYABLE
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt06367419
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE SCHOOL IS EXEMPT FROM FEDERAL INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. HOWEVER, INCOME FROM CERTAIN ACTIVITIES NOT DIRECTLY RELATED TO THE SCHOOL'S TAX-EXEMPT PURPOSE MAY BE SUBJECT TO TAXATION AS UNRELATED BUSINESS INCOME. GENERALLY ACCEPTED ACCOUNTING PRINCIPLES PRESCRIBE RULES FOR THE RECOGNITION, MEASUREMENT, CLASSIFICATION, AND DISCLOSURE IN THE FINANCIAL STATEMENTS OF UNCERTAIN TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN IN THE SCHOOL'S TAX RETURNS. MANAGEMENT HAS DETERMINED THAT THE SCHOOL DOES NOT HAVE ANY UNCERTAIN TAX POSITIONS OR ASSOCIATED UNRECOGNIZED BENEFITS THAT MATERIALLY IMPACT THE FINANCIAL STATEMENTS OR RELATED DISCLOSURES. SINCE TAX MATTERS ARE SUBJECT TO SOME DEGREE OF UNCERTAINTY, THERE CAN BE NO ASSURANCE THAT THE SCHOOL'S TAX RETURNS WILL NOT BE CHALLENGED BY THE TAXING AUTHORITIES AND THAT THE SCHOOL WILL NOT BE SUBJECT TO ADDITIONAL TAX, PENALTIES, AND INTEREST AS A RESULT OF SUCH CHALLENGE.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt018915
IRS990ScheduleD/TotalExpensesPerForm990Amt05958724
IRS990ScheduleD/TotalLiabilityAmt011604
IRS990ScheduleD/TotalRevenuePerForm990Amt06367419
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt06367419
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt05958724
IRS990ScheduleE/ComplianceWithRevProc7550Ind01
IRS990ScheduleE/DiscriminateRaceAdmissPlcyInd00
IRS990ScheduleE/DiscriminateRaceAthltProgInd00
IRS990ScheduleE/DiscriminateRaceEducPlcyInd00
IRS990ScheduleE/DiscriminateRaceEmplmFcultyInd00
IRS990ScheduleE/DiscriminateRaceOtherActyInd00
IRS990ScheduleE/DiscriminateRaceSchsInd00
IRS990ScheduleE/DiscriminateRaceStdntsRghtsInd00
IRS990ScheduleE/DiscriminateRaceUseOfFcltsInd00
IRS990ScheduleE/GovernmentFinancialAidRcvdInd00
IRS990ScheduleE/GovernmentFinancialAidRvkdInd00
IRS990ScheduleE/MaintainCpyOfAllSolInd01
IRS990ScheduleE/MaintainCpyOfBrochuresEtcInd01
IRS990ScheduleE/MaintainRacialCompRecsInd01
IRS990ScheduleE/MaintainScholarshipsRecsInd01
IRS990ScheduleE/NondiscriminatoryPolicyStmtInd01
IRS990ScheduleE/PlcyPblczdViaBroadcastMediaInd01
IRS990ScheduleE/PolicyStmtInBrochuresEtcInd01
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt0THE NONDISCRIMINATION POLICY IS PUBLISHED ON THE WEBSITE AND IS STATED ON THE STUDENT APPLICATION.
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE E, PART I, LINE 3
IRS990ScheduleJ/AnyNonFixedPaymentsInd00
IRS990ScheduleJ/CompBasedOnRevenueOfFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsRltdOrgsInd00
IRS990ScheduleJ/CompBsdOnRevRelatedOrgsInd00
IRS990ScheduleJ/EquityBasedCompArrngmInd00
IRS990ScheduleJ/Form990OfOtherOrganizationsInd0X
IRS990ScheduleJ/InitialContractExceptionInd00
IRS990/ScheduleJRequiredInd00
IRS990ScheduleJ/SeverancePaymentInd00
IRS990ScheduleJ/SupplementalNonqualRtrPlanInd00
IRS990ScheduleM/AnyPropertyThatMustBeHeldInd00
IRS990ScheduleM/OtherNonCashContriTableGrp/ContributionCnt0749
IRS990ScheduleM/OtherNonCashContriTableGrp/Desc0FURNITURE, FIXTURES & EQUIPMENT
IRS990ScheduleM/OtherNonCashContriTableGrp/MethodOfDeterminingRevenuesTxt0FMV
IRS990ScheduleM/OtherNonCashContriTableGrp/NonCashCheckboxInd0X
IRS990ScheduleM/OtherNonCashContriTableGrp/NoncashContributionsRptF990Amt079836
IRS990ScheduleM/ReviewProcessUnusualNCGiftsInd00
IRS990ScheduleM/ThirdPartiesUsedInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THREE BOARD MEMBERS RESIGNED DURING FISCAL YEAR 2014/2015. IN AUGUST OF 2015 A NEW MEMBER JOINED THE BOARD. THE BOARD IS IN ACTIVE DISCUSSION WITH POTENTIAL ADDITIONAL NEW MEMBERS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE BOARD CHAIR AND THE TREASURER REVIEW THE FORM 990 WITH THE CHIEF EXECUTIVE OFFICER AND THE CHIEF FINANCIAL OFFICER.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2ALL STAFF MUST SIGN A NEW CONFLICT OF INTEREST POLICY ANNUALLY AT THE START OF THE SCHOOL YEAR. ALL POTENTIAL CONFLICTS OF INTEREST ARE BROUGHT TO THE BOARD FOR APPROVAL. THE BOARD APPROVES ANY NEW EXECUTIVE POSITIONS AND ANY POTENTIAL CONFLICTS OF INTEREST MUST BE DISCLOSED BEFORE HIRING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE BOARD OF DIRECTORS DETERMINES THE SALARY OF THE CHIEF ADMINISTRATORS USING PERFORMANCE MEASURES AND SALARY COMPARISONS TO AMOUNTS REPORTED ON THE 990S OF SIMILAR ORGANIZATIONS AND SIMILAR POSITIONS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE SCHOOL MAKES FORM 990 AVAILABLE UPON REQUEST. ADDITIONALLY, FORM 990 IS AVAILABLE ON GUIDESTAR.ORG.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5THE SCHOOL MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS AVAILABLE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6EDUCATIONAL SERVICES: PROGRAM SERVICE EXPENSES 330840. MANAGEMENT AND GENERAL EXPENSES 58543. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 389383. OTHER PROFESSIONAL SERVICES: PROGRAM SERVICE EXPENSES 455881. MANAGEMENT AND GENERAL EXPENSES 80671. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 536552.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 1
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 11
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION B, LINE 15
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART VI, SECTION C, LINE 18
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990, PART IX, LINE 11G
IRS990ScheduleR/AssetExchangeInd00
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd00
IRS990ScheduleR/AssetSaleToOtherOrgInd00
IRS990ScheduleR/DivRelatedOrganizationInd00
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd01
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd00
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd00
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt0INSTITUTE FOR LEADERSHIP EDUCATION ADVANCEMENT AND DEVELOPMENT
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN0232821833
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt0501(C)(3)
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd0PA
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt0ORGANIZATION THAT HELPS INDIVIDUALS DEVELOP LEADERSHIP SKILLS
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PublicCharityStatusTxt0LINE 2
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt0115 PETRIE AVE
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm0ROSEMNT
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/StateAbbreviationCd0PA
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCd019010
IRS990ScheduleR/LoansOrGuaranteesFromOthOrgInd01
IRS990ScheduleR/LoansOrGuaranteesToOtherOrgInd00
IRS990ScheduleR/PaidEmployeesSharingInd01
IRS990ScheduleR/PerformOfServicesByOtherOrgInd00
IRS990ScheduleR/PerformOfServicesForOthOrgInd00
IRS990ScheduleR/ReceiptOfIntAnntsRntsRyltsInd00
IRS990ScheduleR/ReimbursementPaidByOtherOrgInd01
IRS990ScheduleR/ReimbursementPaidToOtherOrgInd01
IRS990ScheduleR/RentalOfFacilitiesToOthOrgInd00
IRS990ScheduleR/RentalOfFcltsFromOthOrgInd01
IRS990ScheduleR/SharingOfFacilitiesInd00
IRS990ScheduleR/TransactionsRelatedOrgGrp/InvolvedAmt0482700
IRS990ScheduleR/TransactionsRelatedOrgGrp/MethodOfAmountDeterminationTxt0FMV
IRS990ScheduleR/TransactionsRelatedOrgGrp/OtherOrganizationName/BusinessNameLine1Txt0INSTITUTE FOR LEADERSHIP EDUCATION ADVANCEMENT AND DEVELOPMENT INC
IRS990ScheduleR/TransactionsRelatedOrgGrp/TransactionTypeTxt0K
IRS990ScheduleR/TransferFromOtherOrgInd00
IRS990ScheduleR/TransferToOtherOrgInd00
IRS990/SchoolOperatingInd01
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0PA
IRS990/SubjectToProxyTaxInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TempOrPermanentEndowmentsInd00
IRS990/TerminateOperationsInd00

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2016 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$1,678,139
Liabilities
$566,239
Net assets
$1,111,900
Revenue
$6,367,419
Expenses
$5,958,724
Net income
$408,695
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2021Detailed filing. Detailed filing data is available for this year.$0.71$0.06$0.65$0.77$0.75$0.03
2020Detailed filing. Detailed filing data is available for this year.$2.15$1.46$0.69$6.57$7.32$0.75
2019Detailed filing. Detailed filing data is available for this year.$2.21$0.51$1.70$5.84$5.93$0.09
2018Detailed filing. Detailed filing data is available for this year.$2.39$0.60$1.79$6.42$5.97$0.45
2016Detailed filing. Detailed filing data is available for this year.$1.68$0.57$1.11$6.37$5.96$0.41
2015Detailed filing. Detailed filing data is available for this year.$1.34$0.64$0.70$5.92$5.55$0.37
2014Detailed filing. Detailed filing data is available for this year.$0.79$0.45$0.34$5.10$4.87$0.22
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.78$0.67$0.11$4.12