Civic Intelligence

L & E Academy Foundation

990 • Fiscal year 2016 • EIN 46-2410522

Jan 01, 2016 to Dec 31, 2016 • Filed on Mar 18, 2017

Organization Profilewww.lead-prep.org
5116 150th Pl SWEdmonds, WA 98026

(425) 298-6451

Siviq Scores

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

Liabilities / Assets

94th percentile

0.95x

Higher debt load relative to assets than 94% of similar nonprofits.

2016 filings • 501(c)3 • <$500k nonprofits • Source year 2016

Liabilities / Revenue

90th percentile

0.33x

Higher debt load relative to revenue than 90% of similar nonprofits.

2016 filings • 501(c)3 • <$500k nonprofits • Source year 2016

Net Margin

21st percentile

-13%

Higher net margin than 21% of similar nonprofits.

2016 filings • 501(c)3 • <$500k nonprofits • Source year 2016

Top Officer Pay

98th percentile

$96,000

Higher top officer pay than 98% of similar nonprofits.

Top officer pay equals 34.3% of source-year revenue.

2016 filings • 501(c)3 • <$500k nonprofits • Source year 2016

Asset Growth

34th percentile

-6.2%

Faster asset growth than 34% of similar nonprofits.

2016 filings • 501(c)3 • <$500k nonprofits • Annualized from 2015 to 2016

Revenue Growth

86th percentile

51%

Faster revenue growth than 86% of similar nonprofits.

2016 filings • 501(c)3 • <$500k nonprofits • Annualized from 2015 to 2016

Balance Sheet
Liabilities / Assets94th percentile

Assets

Down

$97,224

Down $6,424 (-6.2%) from 2015

Net Assets

Down

$5,294

Down $35,811 (-87%) from 2015

Liabilities

Up

$91,930

Up $29,387 (+47%) from 2015

Revenue And Expenses
Liabilities / Revenue90th percentileNet Margin21st percentile

Revenue

Up

$279,561

Up $94,033 (+51%) from 2015

Expenses

Up

$315,372

Up $153,995 (+95%) from 2015

Net Income

Down

-$35,811

Down $59,962 (-248%) from 2015

Historical Trend

Balance Sheet Trend

Asset Growth34th percentile

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

$1.0M$500K$0-$500KAssets 2013: $3,420Liabilities 2013: $14,766Net Assets 2013: -$11,3462013Assets 2014: $37,786Liabilities 2014: $20,832Net Assets 2014: $16,9542014Assets 2015: $103,648Liabilities 2015: $62,543Net Assets 2015: $41,1052015Assets 2016: $97,224Liabilities 2016: $91,930Net Assets 2016: $5,2942016Assets 2017: $178,972Liabilities 2017: $153,505Net Assets 2017: $25,4672017Assets 2018: $285,026Liabilities 2018: $384,785Net Assets 2018: -$99,7592018Assets 2019: $349,393Liabilities 2019: $458,086Net Assets 2019: -$108,6932019Assets 2020: $630,501Liabilities 2020: $677,308Net Assets 2020: -$46,8072020Assets 2021: $961,316Liabilities 2021: $784,170Net Assets 2021: $177,1462021Assets 2022: $856,217Liabilities 2022: $505,177Net Assets 2022: $351,0402022Assets 2023: $432,605Liabilities 2023: $487,763Net Assets 2023: -$55,1582023Assets 2024: $0Liabilities 2024: $0Net Assets 2024: $02024

Highlighted filing

2016

Assets$97,224
Liabilities$91,930
Net Assets$5,294
Open 2016 Filing

Operations Trend

Revenue Growth86th percentile

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

$1.5M$1.0M$500K$0-$500KRevenue 2013: $22,485Expenses 2013: $33,831Net Income 2013: -$11,3462013Revenue 2014: $122,102Expenses 2014: $93,801Net Income 2014: $28,3012014Revenue 2015: $185,528Expenses 2015: $161,377Net Income 2015: $24,1512015Revenue 2016: $279,561Expenses 2016: $315,372Net Income 2016: -$35,8112016Revenue 2017: $438,284Expenses 2017: $418,111Net Income 2017: $20,1732017Revenue 2018: $674,105Expenses 2018: $623,784Net Income 2018: $50,3212018Revenue 2019: $494,447Expenses 2019: $503,382Net Income 2019: -$8,9352019Revenue 2020: $995,201Expenses 2020: $933,315Net Income 2020: $61,8862020Revenue 2021: $1,229,485Expenses 2021: $1,005,532Net Income 2021: $223,9532021Revenue 2022: $1,361,339Expenses 2022: $1,187,445Net Income 2022: $173,8942022Revenue 2023: $912,155Expenses 2023: $1,318,353Net Income 2023: -$406,1982023Revenue 2024: $193,424Expenses 2024: $138,266Net Income 2024: $55,1582024

Highlighted filing

2016

Revenue$279,561
Expenses$315,372
Net Income-$35,811
Open 2016 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2016 to Dec 31, 2016
Signed
Mar 18, 2017
Return Version
2016v3.0
Gross Receipts
$279,561
Mission and Program Overview

Mission

At leadprep we create a dynamic space where education is engaging, not one-size-fits-all, for all learners to be seen, heard, valued, and thriving.

Prepare students for academic exellence and success in their personal goals. Strive to harness the power of a flexible learning environment and modern educational technology to serve students.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$60,209$60,351▲ $142
Land, Buildings, and Equipment, Net$19,393$29,540▲ $10,147
Rtn Earn Endowment Incm Other Fnds$41,105$5,294▼ $35,811
Savings and Temporary Cash Investments$17,657$5,049▼ $12,608
Prepaid Expenses and Deferred Charges$6,389$2,284▼ $4,105
Total Assets$103,648$97,224▼ $6,424
Liabilities
Deferred Revenue$62,476$88,517▲ $26,041
Accounts Payable and Accrued Expenses$67$3,413▲ $3,346
Total Liabilities$62,543$91,930▲ $29,387
Net Assets / Fund Balance
Total Net Assets Fund Balance$41,105$5,294▼ $35,811
Total Liabilities and Net Assets / Fund Balance$103,648$97,224▼ $6,424

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$29,540$3,375$32,915
Compensation and Service Providers
Top Officer Pay98th percentile

Employees

NameTitleFull / Part TimeBaseTotal
Maureen O'ShaughnessyExecutive DirectorFT$96,000$96,000
Sandy EstesTreasurerPT$2,250$2,250

Board Members and Trustees

NameTitle
Beatrice SwansonBoard President
Phyllis PierceBoard Secretary
Mark TolleshaugBoad Member
Revenue and Support

Revenue Composition

Contributions and Grants
$49,115
Program Service Revenue
$230,430
Investment Income
$16
Other Revenue
$0
All Other Contributions
$42,615
Change in Net Assets
$-35,811
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$212,194
Other Expenses$103,178
Total Fundraising Expense$7,178
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$97,611--$97,611
Current Officers, Directors, Trustees, and Key Employees$96,000--$96,000
Occupancy$24,718--$24,718
Payroll Taxes$18,583--$18,583
Advertising-$8,683-$8,683
Other Expenses$30,654$950$7,178$7,178
Insurance-$5,249-$5,249
Fees for Services Other$3,579--$3,579
Depreciation Depletion$2,354--$2,354
Fees for Services Accounting-$2,250-$2,250
Travel$1,675--$1,675
Information Technology$1,639--$1,639
Conferences and Meetings-$1,586-$1,586
All Other Expenses$1,481--$1,481
Fees for Services Management-$1,466-$1,466
Office Expenses$1,207--$1,207
Total Functional Expenses$279,501$28,693$7,178$315,372
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
Federal income taxes-
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
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
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

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

“Uncompensated board members review and approve Director and other officer compensation. Such reviews are documented in board meeting minutes.”

Filing and Contact Details

Filer

Filer Name
L & E Academy Foundation
EIN
46-2410522
Phone
4252986451
Address
5116 150th Pl SW, Edmonds, WA 98026
Doing Business As
Leadership Preparatory Academy

Signing Officer

Name
Maureen O'Shaughnessy
Title
Director
Signed
2017-03-18
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Maureen C O'Shaughnessy
Formed
2013
Legal Domicile
Wa
Voting Board Members
5
Independent Board Members
4
Employees
16

Preparer

Firm
Rory O'Shaughnessy CPA
Address
1810 E Schneidmiller Ave Ste 101B, Post Falls, ID 83854
Preparer
Patrick O'Shaughnessy
Phone
2087733810
Raw XML Appendix359 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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IRS990/TotalAssetsGrp/EOYAmt097224
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt049115
IRS990/TotalEmployeeCnt016
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt07178
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt028693
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0279501
IRS990/TotalFunctionalExpensesGrp/TotalAmt0315372
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt062543
IRS990/TotalLiabilitiesEOYAmt091930
IRS990/TotalLiabilitiesGrp/BOYAmt062543
IRS990/TotalLiabilitiesGrp/EOYAmt091930
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt041105
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt05294
IRS990/TotalProgramServiceExpensesAmt0279501
IRS990/TotalProgramServiceRevenueAmt0230430
IRS990/TotalReportableCompFromOrgAmt098250
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0230430
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0279561
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0103648
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt097224
IRS990/TravelGrp/ProgramServicesAmt01675
IRS990/TravelGrp/TotalAmt01675
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationOtherInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt05116 150th Pl SW
IRS990/USAddress/CityNm0Edmonds
IRS990/USAddress/StateAbbreviationCd0WA
IRS990/USAddress/ZIPCd098026
IRS990/VotingMembersGoverningBodyCnt05
IRS990/VotingMembersIndependentCnt04
IRS990/WebsiteAddressTxt0www.lead-prep.org
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02017-02-10 21:41:12Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0Maureen O'Shaughnessy
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0Director
ReturnHeader/BusinessOfficerGrp/SignatureDt02017-03-18
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0L & E Academy Foundation
ReturnHeader/Filer/BusinessNameControlTxt0L&EA
ReturnHeader/Filer/EIN0462410522
ReturnHeader/Filer/PhoneNum04252986451
ReturnHeader/Filer/USAddress/AddressLine1Txt05116 150th Pl SW
ReturnHeader/Filer/USAddress/CityNm0Edmonds
ReturnHeader/Filer/USAddress/StateAbbreviationCd0WA
ReturnHeader/Filer/USAddress/ZIPCd098026
ReturnHeader/FilingSecurityInformation/AtSubmissionCreationDeviceId0D488B1F9D7C1E15233CB7B0DBA942F923EF2B0C5
ReturnHeader/FilingSecurityInformation/AtSubmissionFilingDeviceId0D488B1F9D7C1E15233CB7B0DBA942F923EF2B0C5
ReturnHeader/FilingSecurityInformation/FilingLicenseTypeCd0P
ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt070.199.134.191
ReturnHeader/FilingSecurityInformation/IPDt02017-04-06
ReturnHeader/FilingSecurityInformation/IPTimezoneCd0PD
ReturnHeader/FilingSecurityInformation/IPTm015:05:20
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0Rory O'Shaughnessy CPA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt01810 E Schneidmiller Ave Ste 101B
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0Post Falls
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0ID
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd083854
ReturnHeader/PreparerPersonGrp/PhoneNum02087733810
ReturnHeader/PreparerPersonGrp/PreparationDt02017-03-18
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0Patrick O'Shaughnessy
ReturnHeader/PreparerPersonGrp/SelfEmployedInd0X
ReturnHeader/ReturnTs02017-03-18T10:55:49-00:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02016-01-01
ReturnHeader/TaxPeriodEndDt02016-12-31
ReturnHeader/TaxYr02016

Document Assets

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Filings

Displayed year

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

Open filing
Assets
$97,224
Liabilities
$91,930
Net assets
$5,294
Revenue
$279,561
Expenses
$315,372
Net income
-$35,811
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$0.00$0.00$0.00$0.19$0.14$0.06
2023Detailed filing. Detailed filing data is available for this year.$0.43$0.49$0.06$0.91$1.32$0.41
2022Detailed filing. Detailed filing data is available for this year.$0.86$0.51$0.35$1.36$1.19$0.17
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.96$0.78$0.18$1.23$1.01$0.22
2020Detailed filing. Detailed filing data is available for this year.$0.63$0.68$0.05$1.00$0.93$0.06
2019Summary only. Only limited summary data is available for this year.$0.35$0.46$0.11$0.49$0.50$0.01
2018Detailed filing. Detailed filing data is available for this year.$0.29$0.38$0.10$0.67$0.62$0.05
2017Detailed filing. Detailed filing data is available for this year.$0.18$0.15$0.03$0.44$0.42$0.02
2016Detailed filing. Detailed filing data is available for this year.$0.10$0.09$0.01$0.28$0.32$0.04
2015Detailed filing. Detailed filing data is available for this year.$0.10$0.06$0.04$0.19$0.16$0.02
2014Detailed filing. Detailed filing data is available for this year.$0.04$0.02$0.02$0.12$0.09$0.03
2013Detailed filing. Detailed filing data is available for this year.$0.00$0.01$0.01$0.02$0.03$0.01