Civic Intelligence

L & E Academy Foundation

990 • Fiscal year 2017 • EIN 46-2410522

Jan 01, 2017 to Dec 31, 2017 • Filed on Apr 02, 2018

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

93rd percentile

0.86x

Higher debt load relative to assets than 93% of similar nonprofits.

2017 filings • 501(c)3 • <$500k nonprofits • Source year 2017

Liabilities / Revenue

91st percentile

0.35x

Higher debt load relative to revenue than 91% of similar nonprofits.

2017 filings • 501(c)3 • <$500k nonprofits • Source year 2017

Net Margin

53rd percentile

4.6%

Higher net margin than 53% of similar nonprofits.

2017 filings • 501(c)3 • <$500k nonprofits • Source year 2017

Top Officer Pay

98th percentile

$90,000

Higher top officer pay than 98% of similar nonprofits.

Top officer pay equals 20.5% of source-year revenue.

2017 filings • 501(c)3 • <$500k nonprofits • Source year 2017

Asset Growth

90th percentile

84%

Faster asset growth than 90% of similar nonprofits.

2017 filings • 501(c)3 • <$500k nonprofits • Annualized from 2016 to 2017

Revenue Growth

87th percentile

57%

Faster revenue growth than 87% of similar nonprofits.

2017 filings • 501(c)3 • <$500k nonprofits • Annualized from 2016 to 2017

Balance Sheet
Liabilities / Assets93rd percentile

Assets

Up

$178,972

Up $81,748 (+84%) from 2016

Net Assets

Up

$25,467

Up $20,173 (+381%) from 2016

Liabilities

Up

$153,505

Up $61,575 (+67%) from 2016

Revenue And Expenses
Liabilities / Revenue91st percentileNet Margin53rd percentile

Revenue

Up

$438,284

Up $158,723 (+57%) from 2016

Expenses

Up

$418,111

Up $102,739 (+33%) from 2016

Net Income

Up

$20,173

Up $55,984 (+156%) from 2016

Historical Trend

Balance Sheet Trend

Asset Growth90th 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

2017

Assets$178,972
Liabilities$153,505
Net Assets$25,467
Open 2017 Filing

Operations Trend

Revenue Growth87th 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

2017

Revenue$438,284
Expenses$418,111
Net Income$20,173
Open 2017 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2017 to Dec 31, 2017
Signed
Apr 2, 2018
Return Version
2017v2.3
Gross Receipts
$438,284
Mission and Program Overview

Mission

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 who seek an educational experience that is more than or different from a traditional high school.

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$60,351$62,441▲ $2,090
Land, Buildings, and Equipment, Net$29,540$55,885▲ $26,345
Savings and Temporary Cash Investments$5,049$55,058▲ $50,009
Rtn Earn Endowment Incm Other Fnds$5,294$25,467▲ $20,173
Prepaid Expenses and Deferred Charges$2,284$2,081▼ $203
Total Assets$97,224$178,972▲ $81,748
Other Assets Total-$3,507-
Liabilities
Deferred Revenue$88,517$152,241▲ $63,724
Accounts Payable and Accrued Expenses$3,413$1,264▼ $2,149
Total Liabilities$91,930$153,505▲ $61,575
Net Assets / Fund Balance
Total Net Assets Fund Balance$5,294$25,467▲ $20,173
Total Liabilities and Net Assets / Fund Balance$97,224$178,972▲ $81,748

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$55,885$7,703$63,588
Compensation and Service Providers
Top Officer Pay98th percentile

Employees

NameTitleFull / Part TimeBaseTotal
Maureen O'ShaughnessyExecutive DirectorFT$90,000$90,000
Sandy EstesTreasurerPT$4,500$4,500

Board Members and Trustees

NameTitle
Beatrice SwansonBoard President
Jessica RugerBoard Member
Travis KosterBoard Member
Phyllis PierceBoard Secretary
Mark TolleshaugBoad Member
Revenue and Support

Revenue Composition

Contributions and Grants
$110,191
Program Service Revenue
$328,084
Investment Income
$9
Other Revenue
$0
All Other Contributions
$110,191
Change in Net Assets
$20,173
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$256,040
Other Expenses$162,071
Total Fundraising Expense$1,026
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Comp Disqual Persons$138,653--$138,653
Current Officers, Directors, Trustees, and Key Employees$94,500--$94,500
Occupancy$72,948--$72,948
Payroll Taxes$22,887--$22,887
Advertising-$8,843-$8,843
Fees for Services Other$4,604--$4,604
Fees for Services Accounting-$4,500-$4,500
Depreciation Depletion$4,328--$4,328
Insurance-$4,209-$4,209
Travel$3,189--$3,189
Information Technology$2,362--$2,362
Conferences and Meetings-$1,782-$1,782
Office Expenses$1,538--$1,538
Fees for Services Management-$1,468-$1,468
Other Expenses$38,633$2,091$1,026$1,026
Interest-$126-$126
Total Functional Expenses$383,642$33,443$1,026$418,111
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 OShaughnessy
Title
Director
Signed
2018-04-02
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
19

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 Appendix375 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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IRS990ScheduleD/EquipmentGrp/BookValueAmt055885
IRS990ScheduleD/EquipmentGrp/DepreciationAmt07703
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt063588
IRS990ScheduleD/InclEscrowCustodialAcctLiabInd0false
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0Federal income taxes
IRS990ScheduleD/OtherSecuritiesGrp/Desc0Financial derivatives and other financial products
IRS990ScheduleD/OtherSecuritiesGrp/Desc1Closely-held equity interests
IRS990ScheduleD/TotalBookValueLandBuildingsAmt055885
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Uncompensated board members review and approve Director and other officer compensation. Such reviews are documented in board meeting minutes.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Section B, Line 15b
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxableDistributionsInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt097224
IRS990/TotalAssetsEOYAmt0178972
IRS990/TotalAssetsGrp/BOYAmt097224
IRS990/TotalAssetsGrp/EOYAmt0178972
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt0110191
IRS990/TotalEmployeeCnt019
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt01026
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt033443
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0383642
IRS990/TotalFunctionalExpensesGrp/TotalAmt0418111
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt091930
IRS990/TotalLiabilitiesEOYAmt0153505
IRS990/TotalLiabilitiesGrp/BOYAmt091930
IRS990/TotalLiabilitiesGrp/EOYAmt0153505
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt05294
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt025467
IRS990/TotalProgramServiceExpensesAmt0383642
IRS990/TotalProgramServiceRevenueAmt0328084
IRS990/TotalReportableCompFromOrgAmt094500
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0328084
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0438284
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt097224
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0178972
IRS990/TravelGrp/ProgramServicesAmt03189
IRS990/TravelGrp/TotalAmt03189
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/BuildTS02018-06-14 16:35:46Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0Maureen OShaughnessy
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0Director
ReturnHeader/BusinessOfficerGrp/SignatureDt02018-04-02
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/AtSubmissionCreationDeviceId0700D4664F9561E58CDB64AE8BBC9927725A4B23E
ReturnHeader/FilingSecurityInformation/AtSubmissionFilingDeviceId0700D4664F9561E58CDB64AE8BBC9927725A4B23E
ReturnHeader/FilingSecurityInformation/FilingLicenseTypeCd0P
ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt0174.216.12.140
ReturnHeader/FilingSecurityInformation/IPDt02018-04-10
ReturnHeader/FilingSecurityInformation/IPTimezoneCd0PD
ReturnHeader/FilingSecurityInformation/IPTm022:09:29
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/PreparationDt02018-04-02
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0Patrick O'Shaughnessy
ReturnHeader/PreparerPersonGrp/SelfEmployedInd0X
ReturnHeader/ReturnTs02018-04-02T10:17:16-00:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02017-01-01
ReturnHeader/TaxPeriodEndDt02017-12-31
ReturnHeader/TaxYr02017

Document Assets

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Filings

Displayed year

2017 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$178,972
Liabilities
$153,505
Net assets
$25,467
Revenue
$438,284
Expenses
$418,111
Net income
$20,173
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