Civic Intelligence

Lead Academy Classical School

990 • Fiscal year 2019 • EIN 46-3044025

Jul 01, 2018 to Jun 30, 2019 • Filed on May 12, 2020

4106 Berryhill RdPace, FL 32571

(850) 995-1900

Siviq Scores

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

Liabilities / Assets

75th percentile

0.36x

Higher debt load relative to assets than 75% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Liabilities / Revenue

79th percentile

0.50x

Higher debt load relative to revenue than 79% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Net Margin

81st percentile

25%

Higher net margin than 81% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Top Officer Pay

36th percentile

$0

Higher top officer pay than 36% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Asset Growth

81st percentile

21%

Faster asset growth than 81% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2018 to 2019

Revenue Growth

72nd percentile

18%

Faster revenue growth than 72% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2018 to 2019

Assets

Up

$3,703,444

Up $655,321 (+21%) from 2018

Net Assets

Up

$2,375,593

Up $650,752 (+38%) from 2018

Liabilities

Up

$1,327,851

Up $4,569 (+0.3%) from 2018

Revenue

Up

$2,631,791

Up $394,215 (+18%) from 2018

Expenses

Up

$1,981,039

Up $492,560 (+33%) from 2018

Net Income

Down

$650,752

Down $98,345 (-13%) from 2018

Historical Trend

Balance Sheet Trend

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

$10M$5.0M$0Assets 2013: $1Liabilities 2013: $02013Assets 2014: $911,372Liabilities 2014: $863,479Net Assets 2014: $47,8932014Assets 2015: $908,433Liabilities 2015: $847,264Net Assets 2015: $61,1692015Assets 2016: $1,241,988Liabilities 2016: $1,073,106Net Assets 2016: $168,8822016Assets 2017: $2,471,084Liabilities 2017: $1,495,340Net Assets 2017: $975,7442017Assets 2018: $3,048,123Liabilities 2018: $1,323,282Net Assets 2018: $1,724,8412018Assets 2019: $3,703,444Liabilities 2019: $1,327,851Net Assets 2019: $2,375,5932019Assets 2020: $5,037,197Liabilities 2020: $2,641,765Net Assets 2020: $2,395,4322020Assets 2021: $6,449,640Liabilities 2021: $3,294,451Net Assets 2021: $3,155,1892021Assets 2022: $8,430,083Liabilities 2022: $5,229,778Net Assets 2022: $3,200,3052022Assets 2023: $8,121,007Liabilities 2023: $5,064,670Net Assets 2023: $3,056,3372023Assets 2024: $7,683,948Liabilities 2024: $4,644,574Net Assets 2024: $3,039,3742024Assets 2025: $7,477,487Liabilities 2025: $4,222,095Net Assets 2025: $3,255,3922025

Highlighted filing

2019

Assets$3,703,444
Liabilities$1,327,851
Net Assets$2,375,593

Operations Trend

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

$6.0M$4.0M$2.0M$0-$2.0MRevenue 2013: $0Expenses 2013: $0Net Income 2013: $02013Revenue 2014: $217,374Expenses 2014: $169,481Net Income 2014: $47,8932014Revenue 2015: $631,623Expenses 2015: $618,347Net Income 2015: $13,2762015Revenue 2016: $911,671Expenses 2016: $818,449Net Income 2016: $93,2222016Revenue 2017: $1,884,403Expenses 2017: $1,077,541Net Income 2017: $806,8622017Revenue 2018: $2,237,576Expenses 2018: $1,488,479Net Income 2018: $749,0972018Revenue 2019: $2,631,791Expenses 2019: $1,981,039Net Income 2019: $650,7522019Revenue 2020: $2,586,912Expenses 2020: $2,567,073Net Income 2020: $19,8392020Revenue 2021: $3,627,606Expenses 2021: $2,867,849Net Income 2021: $759,7572021Revenue 2022: $4,103,499Expenses 2022: $4,058,383Net Income 2022: $45,1162022Revenue 2023: $4,486,768Expenses 2023: $4,630,736Net Income 2023: -$143,9682023Revenue 2024: $4,044,119Expenses 2024: $4,061,082Net Income 2024: -$16,9632024Revenue 2025: $3,901,031Expenses 2025: $3,645,013Net Income 2025: $256,0182025

Highlighted filing

2019

Revenue$2,631,791
Expenses$1,981,039
Net Income$650,752
Jump To
Filing Snapshot
Filing Period
Jul 1, 2018 to Jun 30, 2019
Signed
May 12, 2020
Return Version
2018v3.2
Gross Receipts
$2,709,194
Mission and Program Overview

Mission

The lead academy classical school is organized exclusively for charitable, religious, and scientific purposes under section 501(c)(3) of the irc. The specific purpose for which this corporation is to serve as a private christian classical school using a classical curriculum model for the purpose of instructing and educating students in grades k-12.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$1,905,269$3,604,549▲ $1,699,280
Cash and Non-Interest-Bearing Accounts$25,313$65,463▲ $40,150
Pledges and Grants Receivable$33,844--
Loans From Officers Directors$443,684$33,804▼ $409,880
Savings and Temporary Cash Investments$303,803$27,432▼ $276,371
Total Assets$3,048,123$3,703,444▲ $655,321
Other Assets Total$779,894$6,000▼ $773,894
Liabilities
Mortgage Notes Payable Secured by Investment Property$785,012$1,236,837▲ $451,825
Accounts Payable and Accrued Expenses$56,571$57,210▲ $639
Deferred Revenue$38,015--
Total Liabilities$1,323,282$1,327,851▲ $4,569
Net Assets / Fund Balance
Unrestricted Net Assets$1,413,127$2,375,593▲ $962,466
Temporarily Rstr Net Assets$311,714--
Total Net Assets Fund Balance$1,724,841$2,375,593▲ $650,752
Total Liabilities and Net Assets / Fund Balance$3,048,123$3,703,444▲ $655,321

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$2,751,530$161,659$2,913,189
Land$703,788-$703,788
Equipment$124,441$41,565$166,006
Other Land Buildings$21,776$4,889$26,665
Leasehold Improvements$3,014$1,499$4,513
Compensation and Service Providers

Board Members and Trustees

NameTitle
Ebb EbbesenDirector
Kace BrowningDirector
Linda AmoreDirector
Robert FreemanDirector
Sandy WyattDirector
Steve TownleyDirector
Wayne ForbushDirector
Henry F LayAdministrato
Michael a BellTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$507,374
Program Service Revenue
$2,100,549
Investment Income
$886
Other Revenue
$22,982
All Other Contributions
$507,374
Change in Net Assets
$650,752
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$1,321,748
Other Expenses$659,291
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$914,795$304,932-$1,219,727
Occupancy$84,913$75,041-$159,954
Office Expenses$93,041$33,290-$126,331
Payroll Taxes$76,516$25,505-$102,021
Depreciation Depletion$66,116$16,528-$82,644
Insurance$30,055$10,019-$40,074
All Other Expenses$27,092$10,479-$37,571
Travel-$18,492-$18,492
Other Expenses$25,237$18,461-$18,461
Fees for Services Accounting-$13,397-$13,397
Advertising$11,046--$11,046
Information Technology$6,564$1,641-$8,205
Conferences and Meetings$5,195$1,732-$6,927
Interest-$1,914-$1,914
Total Functional Expenses$1,427,050$553,989$0$1,981,039
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$100,385
Fundraising Direct Expenses$77,403
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Bbq Fundraiser$100,385$100,385$77,403$22,982
Total Events$100,385$100,385$77,403$22,982
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Interested-Person Transactions

Interested PartyRelationshipDescriptionShared RevenueAmount
Sandy WyattOfficerBuilding ContractorNo-

Loans and Receivables

Line ItemBeginningEndChange
Loans from Officers, Directors, Trustees, and Key Employees$443,684$33,804▼ $409,880
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Business relationship with family members
Yes
Business relationship with organization members
Yes
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
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, Page 6, Part VI, Line 9

Michael a bell 6690 chumuckla hwy pace, fl 32571 linda amore kace browning sandy wyatt 8795 rock creek rd pace, fl 32571 ebb ebbesen robert freeman steve townley wayne forbush

Form 990, Page 6, Part VI, Line 11B

No review was or will be conducted.

Form 990, Page 6, Part VI, Line 19

No documents available to the public.

Filing and Contact Details

Filer

Filer Name
Lead Academy Classical School
EIN
46-3044025
Phone
8509951900
Address
4106 BERRYHILL RD, PACE, FL 32571

Signing Officer

Name
Henry F Lay
Title
Administrator
Phone
8509951900
Signed
2020-05-12
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Henry F Lay
Formed
2013
Legal Domicile
Fl
Voting Board Members
9
Independent Board Members
7
Employees
75

Preparer

Firm
Allen Pritchett & Bassett Llp
Address
PO BOX 349, TIFTON, GA 31793-0349
Preparer
Keri Jones CPA
Phone
2293826960
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S MISSION

The lead academy classical school is organized exclusively for charitable, religious, and scientific purposes under section 501(c)(3) of the irc. The specific purpose for which this corporation is to serve as a private christian classical school using a classical curriculum model for the purpose of instructing and educating students in grades k-12.

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IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt0PRINTED IN THE NEWSPAPER - PRESS GAZETTE. ALSO POSTED AT SCHOOL.
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE E, LINE 3
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IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/PersonNm0NP - FRANK LAY
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE LEAD ACADEMY CLASSICAL SCHOOL IS ORGANIZED EXCLUSIVELY FOR CHARITABLE, RELIGIOUS, AND SCIENTIFIC PURPOSES UNDER SECTION 501(C)(3) OF THE IRC. THE SPECIFIC PURPOSE FOR WHICH THIS CORPORATION IS TO SERVE AS A PRIVATE CHRISTIAN CLASSICAL SCHOOL USING A CLASSICAL CURRICULUM MODEL FOR THE PURPOSE OF INSTRUCTING AND EDUCATING STUDENTS IN GRADES K-12.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1MICHAEL A BELL 6690 CHUMUCKLA HWY PACE, FL 32571 LINDA AMORE KACE BROWNING SANDY WYATT 8795 ROCK CREEK RD PACE, FL 32571 EBB EBBESEN ROBERT FREEMAN STEVE TOWNLEY WAYNE FORBUSH
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2NO REVIEW WAS OR WILL BE CONDUCTED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3NO DOCUMENTS AVAILABLE TO THE PUBLIC.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990 - ORGANIZATION'S MISSION
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IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 19
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IRS990/WebsiteAddressTxt0WWW.LEADACADEMYLIONS.COM
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ReturnHeader/BuildTS02021-01-29 14:40:06Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0HENRY F LAY
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ReturnHeader/BusinessOfficerGrp/PhoneNum08509951900
ReturnHeader/BusinessOfficerGrp/SignatureDt02020-05-12
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0LEAD ACADEMY CLASSICAL SCHOOL
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ReturnHeader/FilingSecurityInformation/FilingLicenseTypeCd0P
ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt064.88.174.3
ReturnHeader/FilingSecurityInformation/IPDt02020-05-13

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