Civic Intelligence

Leadership for Educational Equity Foundation

990 • Fiscal year 2014 • EIN 46-2093041

Jan 01, 2014 to Dec 31, 2014 • Filed on Nov 13, 2015

1805 7th Street NW 8th Floorwashington, DC 20001

(202) 552-2400

Siviq Scores

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

Liabilities / Assets

53rd percentile

0.22x

Higher debt load relative to assets than 53% of similar nonprofits.

2014 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2014

Liabilities / Revenue

55th percentile

0.23x

Higher debt load relative to revenue than 55% of similar nonprofits.

2014 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2014

Net Margin

93rd percentile

57%

Higher net margin than 93% of similar nonprofits.

2014 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2014

Top Officer Pay

92nd percentile

$398,839

Higher top officer pay than 92% of similar nonprofits.

Top officer pay equals 7.0% of source-year revenue.

2014 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2014

Asset Growth

99th percentile

231%

Faster asset growth than 99% of similar nonprofits.

2014 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2013 to 2014

Revenue Growth

97th percentile

215%

Faster revenue growth than 97% of similar nonprofits.

2014 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2013 to 2014

Assets

Up

$5,955,527

Up $4,155,527 (+231%) from 2013

Net Assets

Up

$4,644,132

Up $3,224,132 (+227%) from 2013

Liabilities

Up

$1,311,395

Up $931,395 (+245%) from 2013

Revenue

Up

$5,675,556

Up $3,875,556 (+215%) from 2013

Expenses

Up

$2,451,424

Up $2,071,424 (+545%) from 2013

Net Income

Up

$3,224,132

Up $1,804,132 (+127%) from 2013

Historical Trend

Balance Sheet Trend

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

$15M$10M$5.0M$0Assets 2013: $1,800,000Liabilities 2013: $380,000Net Assets 2013: $1,420,0002013Assets 2014: $5,955,527Liabilities 2014: $1,311,395Net Assets 2014: $4,644,1322014Assets 2015: $14,912,992Liabilities 2015: $416,766Net Assets 2015: $14,496,2262015Assets 2016: $11,632,420Liabilities 2016: $228,947Net Assets 2016: $11,403,4732016Assets 2017: $11,059,555Liabilities 2017: $219,986Net Assets 2017: $10,839,5692017Assets 2018: $12,148,066Liabilities 2018: $264,394Net Assets 2018: $11,883,6722018Assets 2019: $6,280,643Liabilities 2019: $553,692Net Assets 2019: $5,726,9512019Assets 2020: $5,983,229Liabilities 2020: $606,115Net Assets 2020: $5,377,1142020Assets 2021: $13,452,963Liabilities 2021: $721,963Net Assets 2021: $12,731,0002021Assets 2022: $8,287,243Liabilities 2022: $491,469Net Assets 2022: $7,795,7742022Assets 2023: $4,142,017Liabilities 2023: $451,541Net Assets 2023: $3,690,4762023Assets 2024: $6,735,326Liabilities 2024: $704,275Net Assets 2024: $6,031,0512024

Highlighted filing

2014

Assets$5,955,527
Liabilities$1,311,395
Net Assets$4,644,132

Operations Trend

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

$30M$20M$10M$0-$10MRevenue 2013: $1,800,000Expenses 2013: $380,000Net Income 2013: $1,420,0002013Revenue 2014: $5,675,556Expenses 2014: $2,451,424Net Income 2014: $3,224,1322014Revenue 2015: $18,159,474Expenses 2015: $8,307,380Net Income 2015: $9,852,0942015Revenue 2016: $9,829,916Expenses 2016: $12,922,669Net Income 2016: -$3,092,7532016Revenue 2017: $20,636,724Expenses 2017: $21,200,628Net Income 2017: -$563,9042017Revenue 2018: $12,244,595Expenses 2018: $11,200,492Net Income 2018: $1,044,1032018Revenue 2019: $13,534,374Expenses 2019: $19,691,095Net Income 2019: -$6,156,7212019Revenue 2020: $14,907,162Expenses 2020: $15,144,499Net Income 2020: -$237,3372020Revenue 2021: $27,777,309Expenses 2021: $20,423,423Net Income 2021: $7,353,8862021Revenue 2022: $6,228,273Expenses 2022: $11,163,499Net Income 2022: -$4,935,2262022Revenue 2023: $9,499,395Expenses 2023: $13,604,693Net Income 2023: -$4,105,2982023Revenue 2024: $19,505,751Expenses 2024: $17,165,176Net Income 2024: $2,340,5752024

Highlighted filing

2014

Revenue$5,675,556
Expenses$2,451,424
Net Income$3,224,132
Jump To
Filing Snapshot
Filing Period
Jan 1, 2014 to Dec 31, 2014
Signed
Nov 13, 2015
Return Version
2014v5.0
Gross Receipts
$5,675,556
Mission and Program Overview

Mission

The foundation's mission is to work to foster and facilitate increased civic engagement, community participation, and volunteerism, with a focus on education and public policy efforts designed to achieve educational equity.

To foster & facilitate increased civic engagement, community participation & volunteerism, with a focus on education & public policy efforts to achieve educational equity.

Balance Sheet Detail
LineBeginningEndChange
Assets
Pledges and Grants Receivable$1,300,000$4,300,000▲ $3,000,000
Cash and Non-Interest-Bearing Accounts$0$1,655,527▲ $1,655,527
Savings and Temporary Cash Investments$0$0→ $0
Accounts Receivable$0$0→ $0
Other Notes and Loans Receivable, Net$0$0→ $0
Receivable From Disqualified Prsn$0$0→ $0
Receivables From Officers Etc$0$0→ $0
Investments Other Securities$0$0→ $0
Investments Program Related$0$0→ $0
Investments in Publicly Traded Securities$0$0→ $0
Land, Buildings, and Equipment, Net$0--
Intangible Assets$0$0→ $0
Inventories for Sale or Use$0$0→ $0
Loans From Officers Directors$0$0→ $0
Prepaid Expenses and Deferred Charges$0$0→ $0
Total Assets$1,800,000$5,955,527▲ $4,155,527
Other Assets Total$500,000$0▼ $500,000
Liabilities
Other Liabilities$380,000$1,300,136▲ $920,136
Accounts Payable and Accrued Expenses$0$11,259▲ $11,259
Grants Payable$0$0→ $0
Mortgage Notes Payable Secured by Investment Property$0$0→ $0
Unsecured Notes Loans Payable$0$0→ $0
Deferred Revenue$0$0→ $0
Escrow Account Liability$0$0→ $0
Tax Exempt Bond Liabilities$0$0→ $0
Total Liabilities$380,000$1,311,395▲ $931,395
Net Assets / Fund Balance
Temporarily Rstr Net Assets$1,300,000$4,300,000▲ $3,000,000
Unrestricted Net Assets$120,000$344,132▲ $224,132
Permanently Rstr Net Assets$0$0→ $0
Total Net Assets Fund Balance$1,420,000$4,644,132▲ $3,224,132
Total Liabilities and Net Assets / Fund Balance$1,800,000$5,955,527▲ $4,155,527
Compensation and Service Providers

Employees

NameTitleOtherTotal
Christine GreenLegal Counsel/Inter. Secretary$134,534$134,534

Board Members and Trustees

NameTitle
Emma BloombergChairperson
Michael BumanPresident
Arthur RockDirector
Matt KramerDirector
Michael parkDirector
Tracy-Elizabeth ClaySecretary (Thru 12/31/14)
Beki Bahar-EnglerTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$5,675,556
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$0
All Other Contributions
$5,675,556
Change in Net Assets
$3,224,132

Audited Revenue Reconciliation

Revenue per Audited Statements
$5,675,556
Total Revenue per Audited Statements
$5,675,556
Total Revenue per Form 990
$5,675,556
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$2,355,950
Salaries, Compensation, and Employee Benefits$70,136
Other Expenses$25,338
Total Fundraising Expense$22,990
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$2,355,950--$2,355,950
Other Salaries and Wages$30,621$7,261$18,225$56,107
Fees for Services Accounting-$11,259-$11,259
Other Employee Benefits$4,133$980$2,460$7,573
Fees for Services Legal-$7,019-$7,019
Pension Plan Contributions$2,297$545$1,367$4,209
Fees for Services Other$2,913$1,041$208$4,162
Other Expenses-$2,898-$2,898
Payroll Taxes$1,226$291$730$2,247
Total Functional Expenses$2,397,140$31,294$22,990$2,451,424

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$2,451,424
Total Expenses per Audited Statements$2,451,424
Total Expenses per Form 990$2,451,424
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Leadership for Educational EquityWashington, DC501(c)(4)Membership Support$2,355,950
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

Loans and Receivables

Line ItemBeginningEndChange
Loans from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Receivables from Disqualified Persons$0$0→ $0
Receivables from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Due to Leadership for Educ. Equity$1,300,136
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
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
Conflict-of-interest policy
Yes
Audited financial statements prepared
Yes
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, LIne 7(A)

A majority of the organization's Board of Directors shall be appointed by the Board of Directors of Leadership for Educational Equity ("LEE"), a related party. Similarly, the Board of Directors of LEE may remove an officer from the Foundation board, with or without cause. Form 990, Part VI, Line 11 Leadership for Educational Equity Foundation's Form 990 is prepared by a national accounting firm in conjunction with the organization's financial department. Upon completion, a copy of the 990 is provided to the full Board of Directors for comment and review. The Board is allocated two weeks to provide comments on the return prior to filing; at the close of those two weeks, the organization electronically files its Form 990 with the Internal Revenue Service. Form 990, Part VI, Line 12 The organization operates under its own conflict of interest policy. All individuals serving in the capacity as board member or officer are required to adhere to the conflict of interest policy and complete an annual questionnaire disclosing any potential conflicts with the organization. When an officer or director becomes aware of a potential conflict, he or she shall have a duty to: 1. immediately disclose the existence and circumstances of the transaction in writing to the Board. 2. refrain from using his or her personal influence to encourage the organization to enter into the transaction. 3. physically excuse himself or herself from participation in any discussions regarding the transaction with the directors, officers and employees of the organization. The Board administers the conflicts policy and reviews the annual conflict disclosure statements. The Board has the sole authority to review the operation of the policy and make changes from time to time as it may deem appropriate. Form 990, Part VI, Line 13 & 14 the foundation operates under the whistleblower policy and document retention policy of its parent organization, Leadership for Educational Equity. The board has not officially adopted the policies, but it is anticipated that this will be accomplished in 2015.

Form 990, Part VI, Section C, LIne 19

the organization makes its form 990 available for public inspection as required under section 6104 of the internal revenue code. the return is posted on guidestar.org and other similar types of websites. in addition, the financial statements, conflict of interest policy, articles of incorporation, form 990 and by-laws are also available upon written request or by calling the organization directly.

Filing and Contact Details

Filer

Filer Name
Leadership For Educational Equity Foundation
EIN
46-2093041
In Care Of
% JOHNNY CAPERS SNR FINANCE D
Phone
2025522400
Address
1805 7th Street NW 8th Floor, washington, DC 20001

Signing Officer

Name
Michael Buman
Title
President
Phone
2125990100
Signed
2015-11-13
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Michael Buman President
Formed
2013
Legal Domicile
De
Voting Board Members
4
Independent Board Members
3
Employees
0
Volunteers
0

Preparer

Firm
Grant Thornton Llp
Address
757 THIRD AVE 2ND FLOOR, NEW YORK, NY 10017-2013
Preparer
Scott Thompsett
Phone
2125990100
Supplemental Narrative

Financial Statement Notes

Fin 48

The foundation follows guidance that clarifies the accounting for uncertainty in tax positions taken and expected to be taken in a tax return, including issues relating to financial statement recognition and measurement. This guidance provides that the tax effects from an uncertain tax position can only be recognized in the financial statements if the position is "more-likely-than-not" to be sustained if the position were to be challenged by a taxing authority. The assessment of the tax position is based solely on the technical merits of the position, without regard to the likelihood that the tax position may be challenged. the foundation is exempt from income tax under Internal Revenue Code of 1986 (the "Code") Section 501(c)(3), and received tax-exempt status from the Internal Revenue Service on August 13, 2014. The foundation is subject to tax on income unrelated to their exempt purpose, unless that income is otherwise excluded by the code. the foundation has processes presently in place to ensure the maintenance of its tax-exempt status; to identify and report unrelated income; to determine its filing and tax obligations in jurisdictions for which there was nexus; and to identify and evaluate other matters that may be considered tax positions. The tax years ended December 31, 2014 and December 31, 2013, are still open to audit for both federal and state purposes. the foundation has determined that there are no material uncertain tax positions that require recognition or disclosure in the consolidated financial statements.

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IRS990/MissionDesc0THE FOUNDATION'S MISSION IS TO WORK TO FOSTER AND FACILITATE INCREASED CIVIC ENGAGEMENT, COMMUNITY PARTICIPATION, AND VOLUNTEERISM, WITH A FOCUS ON EDUCATION AND PUBLIC POLICY EFFORTS DESIGNED TO ACHIEVE EDUCATIONAL EQUITY.
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IRS990/PrincipalOfficerNm0Michael Buman President
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IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0DUE TO LEADERSHIP FOR EDUC. EQUITY
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IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0The foundation follows guidance that clarifies the accounting for uncertainty in tax positions taken and expected to be taken in a tax return, including issues relating to financial statement recognition and measurement. This guidance provides that the tax effects from an uncertain tax position can only be recognized in the financial statements if the position is "more-likely-than-not" to be sustained if the position were to be challenged by a taxing authority. The assessment of the tax position is based solely on the technical merits of the position, without regard to the likelihood that the tax position may be challenged. the foundation is exempt from income tax under Internal Revenue Code of 1986 (the "Code") Section 501(c)(3), and received tax-exempt status from the Internal Revenue Service on August 13, 2014. The foundation is subject to tax on income unrelated to their exempt purpose, unless that income is otherwise excluded by the code. the foundation has processes presently in place to ensure the maintenance of its tax-exempt status; to identify and report unrelated income; to determine its filing and tax obligations in jurisdictions for which there was nexus; and to identify and evaluate other matters that may be considered tax positions. The tax years ended December 31, 2014 and December 31, 2013, are still open to audit for both federal and state purposes. the foundation has determined that there are no material uncertain tax positions that require recognition or disclosure in the consolidated financial statements.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0FIN 48
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IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt0Membership Support
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt0Leadership for Educational Equity
IRS990ScheduleI/RecipientTable/RecipientEIN0208848357
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt01805 7th Street NW 8th Floor
IRS990ScheduleI/RecipientTable/USAddress/CityNm0Washington
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd0DC
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IRS990ScheduleI/SupplementalInformationDetail/ExplanationTxt0The Foundation's primary exempt mission is to foster and facilitate civic engagement, community participation and volunteerism. The Foundation entered into a multi-year grant agreement with LEE in which the Foundation will pay LEE up to approximately $17.4 million. LEE submitted a grant proposal to the Foundation's Board of Directors, which the Board approved. $2,355,950 of this amount was actually paid out in calendar year 2014. The Foundation monitors the grant through the review of written grant reports from LEE and from regular updates from LEE's executive director.
IRS990ScheduleI/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Schedule I, Part I
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