Civic Intelligence

Ilead Charter Schools

990 • Fiscal year 2020 • EIN 45-4768181

Jul 01, 2019 to Jun 30, 2020 • Filed on May 12, 2021

Organization ProfileWWW.ILEADCHARTERSCHOOL.ORG
254 East Avenue K-4Lancaster, CA 93535

(661) 722-4287

Siviq Scores

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

Liabilities / Assets

64th percentile

0.32x

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

2020 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2020

Liabilities / Revenue

38th percentile

0.14x

Higher debt load relative to revenue than 38% of similar nonprofits.

2020 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2020

Net Margin

72nd percentile

17%

Higher net margin than 72% of similar nonprofits.

2020 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2020

Top Officer Pay

56th percentile

$133,075

Higher top officer pay than 56% of similar nonprofits.

Top officer pay equals 1.4% of source-year revenue.

2020 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2020

Asset Growth

87th percentile

46%

Faster asset growth than 87% of similar nonprofits.

2020 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2019 to 2020

Revenue Growth

75th percentile

18%

Faster revenue growth than 75% of similar nonprofits.

2020 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2019 to 2020

Balance Sheet
Liabilities / Assets64th percentile

Assets

Up

$4,185,362

Up $1,325,215 (+46%) from 2019

Net Assets

Up

$2,845,334

Up $1,603,904 (+129%) from 2019

Liabilities

Down

$1,340,028

Down $278,689 (-17%) from 2019

Revenue And Expenses
Liabilities / Revenue38th percentileNet Margin72nd percentile

Revenue

Up

$9,552,331

Up $1,483,543 (+18%) from 2019

Expenses

Down

$7,948,427

Down $105,562 (-1.3%) from 2019

Net Income

Up

$1,603,904

Up $1,589,105 (+10738%) from 2019

Historical Trend

Balance Sheet Trend

Asset Growth87th percentile

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

$30M$20M$10M$0Assets 2013: $604,233Liabilities 2013: $491,950Net Assets 2013: $112,2832013Assets 2014: $1,119,269Liabilities 2014: $670,681Net Assets 2014: $448,5882014Assets 2015: $1,067,305Liabilities 2015: $359,624Net Assets 2015: $707,6812015Assets 2016: $1,460,793Liabilities 2016: $322,357Net Assets 2016: $1,138,4362016Assets 2017: $1,770,330Liabilities 2017: $220,454Net Assets 2017: $1,549,8762017Assets 2018: $2,285,129Liabilities 2018: $1,058,498Net Assets 2018: $1,226,6312018Assets 2019: $2,860,147Liabilities 2019: $1,618,717Net Assets 2019: $1,241,4302019Assets 2020: $4,185,362Liabilities 2020: $1,340,028Net Assets 2020: $2,845,3342020Assets 2021: $7,716,419Liabilities 2021: $3,907,261Net Assets 2021: $3,809,1582021Assets 2022: $8,104,102Liabilities 2022: $2,392,573Net Assets 2022: $5,711,5292022Assets 2023: $24,159,950Liabilities 2023: $18,030,444Net Assets 2023: $6,129,5062023

Highlighted filing

2020

Assets$4,185,362
Liabilities$1,340,028
Net Assets$2,845,334
Open 2020 Filing

Operations Trend

Revenue Growth75th percentile

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

$15M$10M$5.0M$0-$5.0MRevenue 2013: $1,184,026Expenses 2013: $1,071,269Net Income 2013: $112,7572013Revenue 2014: $2,558,610Expenses 2014: $2,222,305Net Income 2014: $336,3052014Revenue 2015: $4,077,000Expenses 2015: $3,817,907Net Income 2015: $259,0932015Revenue 2016: $5,494,318Expenses 2016: $5,063,563Net Income 2016: $430,7552016Revenue 2017: $6,433,530Expenses 2017: $6,022,090Net Income 2017: $411,4402017Revenue 2018: $6,784,304Expenses 2018: $7,107,549Net Income 2018: -$323,2452018Revenue 2019: $8,068,788Expenses 2019: $8,053,989Net Income 2019: $14,7992019Revenue 2020: $9,552,331Expenses 2020: $7,948,427Net Income 2020: $1,603,9042020Revenue 2021: $10,479,618Expenses 2021: $9,515,794Net Income 2021: $963,8242021Revenue 2022: $10,685,623Expenses 2022: $9,466,560Net Income 2022: $1,219,0632022Revenue 2023: $12,060,632Expenses 2023: $11,642,655Net Income 2023: $417,9772023

Highlighted filing

2020

Revenue$9,552,331
Expenses$7,948,427
Net Income$1,603,904
Open 2020 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2019 to Jun 30, 2020
Signed
May 12, 2021
Return Version
2019v5.2
Gross Receipts
$9,552,331
Mission and Program Overview

Mission

The mission of ilead lancaster charter school is to empower students to become conscientious, compassionate, and responsible citizens of the world.

Ilead lancaster is a charter school serving students in k-8th grade.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$1,476,982$2,830,487▲ $1,353,505
Accounts Receivable$1,005,682$967,310▼ $38,372
Land, Buildings, and Equipment, Net$375,572$321,714▼ $53,858
Prepaid Expenses and Deferred Charges$1,911$65,851▲ $63,940
Total Assets$2,860,147$4,185,362▲ $1,325,215
Liabilities
Unsecured Notes Loans Payable$202,399$967,467▲ $765,068
Other Liabilities$857,131$0▼ $857,131
Accounts Payable and Accrued Expenses$468,203$372,561▼ $95,642
Deferred Revenue$90,984--
Total Liabilities$1,618,717$1,340,028▼ $278,689
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$1,241,430$2,845,334▲ $1,603,904
Total Net Assets Fund Balance$1,241,430$2,845,334▲ $1,603,904
Total Liabilities and Net Assets / Fund Balance$2,860,147$4,185,362▲ $1,325,215

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$87,542$289,440$376,982
Leasehold Improvements$213,066$99,697$312,763
Buildings$21,106$5,094$26,200
Compensation and Service Providers
Top Officer Pay56th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Nykole KentPrincipalFT$113,960$19,115$133,075

Board Members and Trustees

NameTitle
Latorra SaxtonPresident
Beth Carr-knudsonMember
Lee SmithSecretary
Keith FaulknerTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$8,658,032
Program Service Revenue
$0
Investment Income
$366
Other Revenue
$893,933
All Other Contributions
$50,027
Change in Net Assets
$1,603,904

Audited Revenue Reconciliation

Revenue per Audited Statements
$9,552,331
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$9,552,331
Total Revenue per Form 990
$9,552,331
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$4,810,384
Other Expenses$3,138,043
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$3,266,725$446,391-$3,713,116
Fees for Services Other$178,451$1,009,038-$1,187,489
Occupancy$889,916$56,803-$946,719
Other Employee Benefits$384,692$50,766-$435,458
Pension Plan Contributions$390,266--$390,266
Payroll Taxes$119,970$15,832-$135,802
Current Officers, Directors, Trustees, and Key Employees$135,742--$135,742
Depreciation Depletion$105,276--$105,276
Other Expenses$57,128$24,585-$81,713
Insurance-$64,063-$64,063
Fees for Services Legal-$37,392-$37,392
Information Technology$34,388--$34,388
Fees for Services Accounting-$29,377-$29,377
Payment Travel Entrtnmnt Publicly Ofcl$14,679$14,144-$28,823
Conferences and Meetings-$16,465-$16,465
Interest-$15,931-$15,931
Advertising-$7,401-$7,401
Office Expenses-$4,708-$4,708
Total Functional Expenses$6,155,531$1,792,896$0$7,948,427

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$7,948,427
Total Expenses per Audited Statements$7,948,427
Total Expenses per Form 990$7,948,427
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
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 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
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
Yes
Key decisions subject to board approval
No
Management duties delegated
Yes

Governance Explanations

Form 990, Part VI, Section A, Line 3

“The charter school is a member of a charter management organization - ilead schools development. They pay management fees and share some paid employees. See schedule r for more information.”

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

“There are no committees that have the authority to act on behalf of the board.”

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

“The form 990 is prepared by the organization's outside public accounting firm based on information provided by management. Once a draft of the return is available, it is reviewed by management with any changes or revisions incorporated into the filing. The revised return is then submitted to the board of directors for their review and approval prior to submitting to the irs.”

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

“In connection with any actual or possible conflict of interest, an interested person must disclose the existence of the financial interest and be given the opportunity to disclose all material facts to the directors and members of committees considering the proposed transaction or arrangement. The board shall decide if a conflict of interest exists.”

Form 990, Part VI, Section B, Line 15

“The executive director's pay is determined based on data provided by external charter management organizations and through comparison studies of other charter schools. The board must vote to approve the executive director's compensation as a direct action. The officers and key employees' pay is determine based on data provided by external charter management organizations and through comparison studies of other charter schools. The board must vote to approve the officers and key employees' compensation as a direct action.”

Form 990, Part VI, Section C, Line 19

“These documents are available to the public upon request.”

Filing and Contact Details

Filer

Filer Name
Ilead Charter Schools
EIN
45-4768181
Phone
6617224287
Address
254 EAST AVENUE K-4, LANCASTER, CA 93535
Doing Business As
Ilead Lancaster Charter School

Signing Officer

Name
Latorra Saxton
Title
President
Phone
6617224287
Signed
2021-05-12
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Latorra Saxton
Formed
2012
Legal Domicile
CA
Voting Board Members
4
Independent Board Members
4
Employees
117
Volunteers
4

Preparer

Firm
Cliftonlarsonallen Llp
Address
2210 EAST ROUTE 66, GLENDORA, CA 91740
Preparer
Wade Mcmullen
Phone
6268577300
Supplemental Narrative

Additional Explanations

Form 990, Part IX, Line 11G

“Other fees for service: program service expenses 178,451. Management and general expenses 1,009,038. Fundraising expenses 0. Total expenses 1,187,489.”

Financial Statement Notes

PART X, LINE 2:

“The school corporation is a nonprofit entity exempt from the payment of income taxes under internal revenue code section 501(c)(3) and california revenue and taxation code section 23701d. Accordingly, no provision has been made for income taxes. Management has determined that all income tax positions are more likely than not of being sustained upon potential audit or examination; therefore, no disclosures of uncertain income tax positions are required. The school is subject to income tax on net income that is derived from business activities that are unrelated to the exempt purposes. The school files and exempt school return and applicable unrelated business income tax return in the u.s. Federal jurisdiction and with the california franchise tax board.”

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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/PensionPlanContributionsGrp/TotalAmt0390266
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt01911
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt065851
IRS990/PrincipalOfficerNm0LATORRA SAXTON
IRS990/ProfessionalFundraisingInd00
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt08022621
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt0193
IRS990/PymtTravelEntrtnmntPubOfclGrp/ManagementAndGeneralAmt014144
IRS990/PymtTravelEntrtnmntPubOfclGrp/ProgramServicesAmt014679
IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt028823
IRS990/PYOtherExpensesAmt03912950
IRS990/PYOtherRevenueAmt037866
IRS990/PYProgramServiceRevenueAmt08108
IRS990/PYRevenuesLessExpensesAmt014799
IRS990/PYSalariesCompEmpBnftPaidAmt04141039
IRS990/PYTotalExpensesAmt08053989
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt08068788
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt01603904
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt0893933
IRS990ScheduleA/SchoolInd0X
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/BuildingsGrp/BookValueAmt021106
IRS990ScheduleD/BuildingsGrp/DepreciationAmt05094
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt026200
IRS990ScheduleD/EquipmentGrp/BookValueAmt087542
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0289440
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0376982
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt07948427
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt0213066
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt099697
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt0312763
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt09552331
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE SCHOOL CORPORATION IS A NONPROFIT ENTITY EXEMPT FROM THE PAYMENT OF INCOME TAXES UNDER INTERNAL REVENUE CODE SECTION 501(C)(3) AND CALIFORNIA REVENUE AND TAXATION CODE SECTION 23701D. ACCORDINGLY, NO PROVISION HAS BEEN MADE FOR INCOME TAXES. MANAGEMENT HAS DETERMINED THAT ALL INCOME TAX POSITIONS ARE MORE LIKELY THAN NOT OF BEING SUSTAINED UPON POTENTIAL AUDIT OR EXAMINATION; THEREFORE, NO DISCLOSURES OF UNCERTAIN INCOME TAX POSITIONS ARE REQUIRED. THE SCHOOL IS SUBJECT TO INCOME TAX ON NET INCOME THAT IS DERIVED FROM BUSINESS ACTIVITIES THAT ARE UNRELATED TO THE EXEMPT PURPOSES. THE SCHOOL FILES AND EXEMPT SCHOOL RETURN AND APPLICABLE UNRELATED BUSINESS INCOME TAX RETURN IN THE U.S. FEDERAL JURISDICTION AND WITH THE CALIFORNIA FRANCHISE TAX BOARD.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0321714
IRS990ScheduleD/TotalExpensesPerForm990Amt07948427
IRS990ScheduleD/TotalRevenuePerForm990Amt09552331
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt09552331
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt07948427
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/ExplanationTxt0THE CHARTER MAKES ITS NONDISCRIMINATORY POLICY KNOWN THROUGH ITS WEBSITE AND ON THE STUDENTS' APPLICATIONS. THE CHARTER DRAWS ITS STUDENTS FROM THE LOCAL COMMUNITY, AND CURRENTLY ENROLLS STUDENTS FROM VARIOUS RACIAL MINORITY GROUPS.
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt1THE ORGANIZATION DOES NOT PROVIDE SCHOLARSHIPS OR FINANCIAL AID.
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt2AS A PUBLIC CHARTER SCHOOL, THE CHARTER SCHOOL RECEIVES A PER ADA FEE FROM THE CALIFORNIA DEPARTMENT OF EDUCATION FOR EVERY PUPIL ATTENDING THE SCHOOL. ADDITIONALLY, CHARTER IS ELIGIBLE FOR LOCAL, STATE, FEDERAL PROGRAMS, AND CALIFORNIA LOTTERY 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/ExplanationTxt0THE CHARTER SCHOOL IS A MEMBER OF A CHARTER MANAGEMENT ORGANIZATION - ILEAD SCHOOLS DEVELOPMENT. THEY PAY MANAGEMENT FEES AND SHARE SOME PAID EMPLOYEES. SEE SCHEDULE R FOR MORE INFORMATION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THERE ARE NO COMMITTEES THAT HAVE THE AUTHORITY TO ACT ON BEHALF OF THE BOARD.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE FORM 990 IS PREPARED BY THE ORGANIZATION'S OUTSIDE PUBLIC ACCOUNTING FIRM BASED ON INFORMATION PROVIDED BY MANAGEMENT. ONCE A DRAFT OF THE RETURN IS AVAILABLE, IT IS REVIEWED BY MANAGEMENT WITH ANY CHANGES OR REVISIONS INCORPORATED INTO THE FILING. THE REVISED RETURN IS THEN SUBMITTED TO THE BOARD OF DIRECTORS FOR THEIR REVIEW AND APPROVAL PRIOR TO SUBMITTING TO THE IRS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3IN CONNECTION WITH ANY ACTUAL OR POSSIBLE CONFLICT OF INTEREST, AN INTERESTED PERSON MUST DISCLOSE THE EXISTENCE OF THE FINANCIAL INTEREST AND BE GIVEN THE OPPORTUNITY TO DISCLOSE ALL MATERIAL FACTS TO THE DIRECTORS AND MEMBERS OF COMMITTEES CONSIDERING THE PROPOSED TRANSACTION OR ARRANGEMENT. THE BOARD SHALL DECIDE IF A CONFLICT OF INTEREST EXISTS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE EXECUTIVE DIRECTOR'S PAY IS DETERMINED BASED ON DATA PROVIDED BY EXTERNAL CHARTER MANAGEMENT ORGANIZATIONS AND THROUGH COMPARISON STUDIES OF OTHER CHARTER SCHOOLS. THE BOARD MUST VOTE TO APPROVE THE EXECUTIVE DIRECTOR'S COMPENSATION AS A DIRECT ACTION. THE OFFICERS AND KEY EMPLOYEES' PAY IS DETERMINE BASED ON DATA PROVIDED BY EXTERNAL CHARTER MANAGEMENT ORGANIZATIONS AND THROUGH COMPARISON STUDIES OF OTHER CHARTER SCHOOLS. THE BOARD MUST VOTE TO APPROVE THE OFFICERS AND KEY EMPLOYEES' COMPENSATION AS A DIRECT ACTION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5THESE DOCUMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6OTHER FEES FOR SERVICE: PROGRAM SERVICE EXPENSES 178,451. MANAGEMENT AND GENERAL EXPENSES 1,009,038. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 1,187,489.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 3
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION A, LINE 8B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART VI, SECTION B, LINE 15
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/GiftGrntCapContriFromOthOrgInd00
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd00
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd00
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingNACd0N/A
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt0ILEAD SCHOOLS DEVELOPMENT
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN0462125742
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt0501C3
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd0CA
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt0CHARTER MANAGEMENT ORGANIZATION
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PublicCharityStatusTxt0LINE 12C, III-FI
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt028060 HASLEY CANYON DRIVE
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm0CASTAIC
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/StateAbbreviationCd0CA
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCd091384
IRS990ScheduleR/LoansOrGuaranteesFromOthOrgInd00
IRS990ScheduleR/LoansOrGuaranteesToOtherOrgInd00
IRS990ScheduleR/PaidEmployeesSharingInd01
IRS990ScheduleR/PerformOfServicesByOtherOrgInd01
IRS990ScheduleR/PerformOfServicesForOthOrgInd00
IRS990ScheduleR/ReceiptOfIntAnntsRntsRyltsInd00
IRS990ScheduleR/ReimbursementPaidByOtherOrgInd00
IRS990ScheduleR/ReimbursementPaidToOtherOrgInd00
IRS990ScheduleR/RentalOfFacilitiesToOthOrgInd00
IRS990ScheduleR/RentalOfFcltsFromOthOrgInd00
IRS990ScheduleR/SharingOfFacilitiesInd00
IRS990ScheduleR/TransferFromOtherOrgInd00
IRS990ScheduleR/TransferToOtherOrgInd00
IRS990/SchoolOperatingInd01
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0CA
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt02860147
IRS990/TotalAssetsEOYAmt04185362
IRS990/TotalAssetsGrp/BOYAmt02860147
IRS990/TotalAssetsGrp/EOYAmt04185362
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt08658032
IRS990/TotalEmployeeCnt0117
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt01792896
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt06155531
IRS990/TotalFunctionalExpensesGrp/TotalAmt07948427
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt01618717
IRS990/TotalLiabilitiesEOYAmt01340028
IRS990/TotalLiabilitiesGrp/BOYAmt01618717
IRS990/TotalLiabilitiesGrp/EOYAmt01340028
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt01241430
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt02845334
IRS990/TotalOtherCompensationAmt019115
IRS990/TotalProgramServiceExpensesAmt06155531
IRS990/TotalReportableCompFromOrgAmt0113960
IRS990/TotalRevenueGrp/ExclusionAmt0366
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0893933
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt09552331
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt04
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt02860147
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt04185362
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UnsecuredNotesLoansPayableGrp/BOYAmt0202399
IRS990/UnsecuredNotesLoansPayableGrp/EOYAmt0967467
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0254 EAST AVENUE K-4
IRS990/USAddress/CityNm0LANCASTER

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2020 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$4,185,362
Liabilities
$1,340,028
Net assets
$2,845,334
Revenue
$9,552,331
Expenses
$7,948,427
Net income
$1,603,904
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2023Summary only. Only limited summary data is available for this year.$24.2$18.0$6.13$12.1$11.6$0.42
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$8.10$2.39$5.71$10.7$9.47$1.22
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$7.72$3.91$3.81$10.5$9.52$0.96
2020Detailed filing. Detailed filing data is available for this year.$4.19$1.34$2.85$9.55$7.95$1.60
2019Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.86$1.62$1.24$8.07$8.05$0.01
2018Summary only. Only limited summary data is available for this year.$2.29$1.06$1.23$6.78$7.11$0.32
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.77$0.22$1.55$6.43$6.02$0.41
2016Detailed filing. Detailed filing data is available for this year.$1.46$0.32$1.14$5.49$5.06$0.43
2015Detailed filing. Detailed filing data is available for this year.$1.07$0.36$0.71$4.08$3.82$0.26
2014Detailed filing. Detailed filing data is available for this year.$1.12$0.67$0.45$2.56$2.22$0.34
2013Summary only. Only limited summary data is available for this year.$0.60$0.49$0.11$1.18$1.07$0.11