Civic Intelligence

Lead Academy Classical School

990 • Fiscal year 2021 • EIN 46-3044025

Jul 01, 2020 to Jun 30, 2021 • Filed on Dec 27, 2021

Organization ProfileWWW.LEADACADEMYLIONS.COM
7121 Chumuckla HwyPace, FL 32571

(850) 995-1900

Siviq Scores

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

Liabilities / Assets

80th percentile

0.51x

Higher debt load relative to assets than 80% of similar nonprofits.

2021 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2021

Liabilities / Revenue

82nd percentile

0.91x

Higher debt load relative to revenue than 82% of similar nonprofits.

2021 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2021

Net Margin

64th percentile

21%

Higher net margin than 64% of similar nonprofits.

2021 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2021

Top Officer Pay

28th percentile

$60,000

Higher top officer pay than 28% of similar nonprofits.

Top officer pay equals 1.7% of source-year revenue.

2021 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2021

Asset Growth

79th percentile

28%

Faster asset growth than 79% of similar nonprofits.

2021 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2020 to 2021

Revenue Growth

74th percentile

40%

Faster revenue growth than 74% of similar nonprofits.

2021 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2020 to 2021

Balance Sheet
Liabilities / Assets80th percentile

Assets

Up

$6,449,640

Up $1,412,443 (+28%) from 2020

Net Assets

Up

$3,155,189

Up $759,757 (+32%) from 2020

Liabilities

Up

$3,294,451

Up $652,686 (+25%) from 2020

Revenue And Expenses
Liabilities / Revenue82nd percentileNet Margin64th percentile

Revenue

Up

$3,627,606

Up $1,040,694 (+40%) from 2020

Expenses

Up

$2,867,849

Up $300,776 (+12%) from 2020

Net Income

Up

$759,757

Up $739,918 (+3730%) from 2020

Historical Trend

Balance Sheet Trend

Asset Growth79th percentile

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

2021

Assets$6,449,640
Liabilities$3,294,451
Net Assets$3,155,189
Open 2021 Filing

Operations Trend

Revenue Growth74th percentile

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

2021

Revenue$3,627,606
Expenses$2,867,849
Net Income$759,757
Open 2021 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2020 to Jun 30, 2021
Signed
Dec 27, 2021
Return Version
2020v4.0
Gross Receipts
$3,630,956
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$4,800,267$6,075,593▲ $1,275,326
Savings and Temporary Cash Investments$210,760$229,126▲ $18,366
Cash and Non-Interest-Bearing Accounts$25,742$104,631▲ $78,889
Intangible Assets-$40,290-
Loans From Officers Directors$17,907$3,908▼ $13,999
Accounts Receivable$428--
Total Assets$5,037,197$6,449,640▲ $1,412,443
Liabilities
Mortgage Notes Payable Secured by Investment Property$2,477,587$2,939,365▲ $461,778
Deferred Revenue$105,091$259,937▲ $154,846
Accounts Payable and Accrued Expenses$41,180$91,241▲ $50,061
Total Liabilities$2,641,765$3,294,451▲ $652,686
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$2,395,432$3,155,189▲ $759,757
Total Net Assets Fund Balance$2,395,432$3,155,189▲ $759,757
Total Liabilities and Net Assets / Fund Balance$5,037,197$6,449,640▲ $1,412,443

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$5,173,050$361,655$5,534,705
Land$703,788-$703,788
Equipment$122,462$79,219$201,681
Other Land Buildings$73,881$22,338$96,219
Leasehold Improvements$2,412$2,101$4,513
Compensation and Service Providers
Top Officer Pay28th percentile

Employees

NameTitleFull / Part TimeBaseTotal
Henry F LayChairmanFT$60,000$60,000
Kace BrowningSecretaryFT$51,000$51,000
Kara WhitneyDirectorFT$39,000$39,000
David KingTop FinanciaFT$37,500$37,500

Board Members and Trustees

NameTitle
Klint LayDirector
Linda AmoreDirector
Robert FreemanDirector
Sandy WyattDirector
Steve TownleyDirector
Michael a BellTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$522,406
Program Service Revenue
$3,039,184
Investment Income
$107
Other Revenue
$65,909
All Other Contributions
$211,011
Change in Net Assets
$759,757
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$1,726,856
Other Expenses$1,140,993
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$1,199,958$399,986-$1,599,944
Occupancy$84,999$148,828-$233,827
Office Expenses$124,187$34,540-$158,727
Depreciation Depletion$116,169$29,043-$145,212
Payroll Taxes$95,184$31,728-$126,912
Insurance$48,706$16,235-$64,941
Other Expenses$64,454$70,628-$64,454
All Other Expenses$3,707$52,786-$56,493
Travel-$43,332-$43,332
Advertising$12,456--$12,456
Fees for Services Accounting-$10,619-$10,619
Information Technology$8,230--$8,230
Conferences and Meetings$369$123-$492
Interest-$425-$425
Total Functional Expenses$2,029,576$838,273$0$2,867,849
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$69,259
Fundraising Direct Expenses$3,350
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Bbq Fundraiser$69,259$69,259$3,350$65,909
Total Events$69,259$69,259$3,350$65,909
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
Kace BrowningFamily MemberEmployeeNo$51,000
Nancy LayFamily MemberEmployeeNo$45,000
Kara WhitneyFamily MemberEmployeeNo$39,000
Megan KingFamily MemberEmployeeNo$30,000

Loans and Receivables

Line ItemBeginningEndChange
Loans from Officers, Directors, Trustees, and Key Employees$17,907$3,908▼ $13,999
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Business relationship with 35% controlled entity
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 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
7121 CHUMUCKLA HWY, PACE, FL 32571

Signing Officer

Name
Henry F Lay
Title
Chairman
Phone
8509951900
Signed
2021-12-27
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Henry F Lay
Formed
2013
Legal Domicile
Fl
Voting Board Members
10
Independent Board Members
6
Employees
87

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.”

Raw XML AppendixShowing 400 of 448 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.

Path#Value
IRS990/AccountantCompileOrReviewInd0false
IRS990/AccountsPayableAccrExpnssGrp/BOYAmt041180
IRS990/AccountsPayableAccrExpnssGrp/EOYAmt091241
IRS990/AccountsReceivableGrp/BOYAmt0428
IRS990/ActivitiesConductedPrtshpInd0false
IRS990/ActivityOrMissionDesc0THE 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.
IRS990/AddressChangeInd0X
IRS990/AdvertisingGrp/ProgramServicesAmt012456
IRS990/AdvertisingGrp/TotalAmt012456
IRS990/AllOtherContributionsAmt0211011
IRS990/AllOtherExpensesGrp/ManagementAndGeneralAmt052786
IRS990/AllOtherExpensesGrp/ProgramServicesAmt03707
IRS990/AllOtherExpensesGrp/TotalAmt056493
IRS990/BooksInCareOfDetail/PersonNm0DAVID KING
IRS990/BooksInCareOfDetail/PhoneNum08509951900
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt04106 BERRYHILL RD
IRS990/BooksInCareOfDetail/USAddress/CityNm0PACE
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0FL
IRS990/BooksInCareOfDetail/USAddress/ZIPCd032571
IRS990/BusinessRlnWith35CtrlEntInd0false
IRS990/BusinessRlnWithFamMemInd0true
IRS990/BusinessRlnWithOrgMemInd0true
IRS990/CashNonInterestBearingGrp/BOYAmt025742
IRS990/CashNonInterestBearingGrp/EOYAmt0104631
IRS990/ChangeToOrgDocumentsInd0false
IRS990/CollectionsOfArtInd0false
IRS990/CompensationFromOtherSrcsInd0false
IRS990/CompensationProcessCEOInd0false
IRS990/CompensationProcessOtherInd0false
IRS990/ConferencesMeetingsGrp/ManagementAndGeneralAmt0123
IRS990/ConferencesMeetingsGrp/ProgramServicesAmt0369
IRS990/ConferencesMeetingsGrp/TotalAmt0492
IRS990/ConflictOfInterestPolicyInd0false
IRS990/ConservationEasementsInd0false
IRS990/ConsolidatedAuditFinclStmtInd0false
IRS990/CreditCounselingInd0false
IRS990/CYBenefitsPaidToMembersAmt00
IRS990/CYContributionsGrantsAmt0522406
IRS990/CYGrantsAndSimilarPaidAmt00
IRS990/CYInvestmentIncomeAmt0107
IRS990/CYOtherExpensesAmt01140993
IRS990/CYOtherRevenueAmt065909
IRS990/CYProgramServiceRevenueAmt03039184
IRS990/CYRevenuesLessExpensesAmt0759757
IRS990/CYSalariesCompEmpBnftPaidAmt01726856
IRS990/CYTotalExpensesAmt02867849
IRS990/CYTotalFundraisingExpenseAmt00
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt03627606
IRS990/DecisionsSubjectToApprovaInd0false
IRS990/DeductibleArtContributionInd0false
IRS990/DeductibleNonCashContriInd0false
IRS990/DeferredRevenueGrp/BOYAmt0105091
IRS990/DeferredRevenueGrp/EOYAmt0259937
IRS990/DelegationOfMgmtDutiesInd0false
IRS990/DepreciationDepletionGrp/ManagementAndGeneralAmt029043
IRS990/DepreciationDepletionGrp/ProgramServicesAmt0116169
IRS990/DepreciationDepletionGrp/TotalAmt0145212
IRS990/Desc0THE 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.
IRS990/DescribedInSection501c3Ind0true
IRS990/DisregardedEntityInd0false
IRS990/DocumentRetentionPolicyInd0false
IRS990/DonorAdvisedFundInd0false
IRS990/DonorRstrOrQuasiEndowmentsInd0false
IRS990/ElectionOfBoardMembersInd0false
IRS990/EmployeeCnt087
IRS990/EmploymentTaxReturnsFiledInd0true
IRS990/EngagedInExcessBenefitTransInd0false
IRS990/ExpenseAmt02029576
IRS990/FamilyOrBusinessRlnInd0false
IRS990/FeesForServicesAccountingGrp/ManagementAndGeneralAmt010619
IRS990/FeesForServicesAccountingGrp/TotalAmt010619
IRS990/ForeignActivitiesInd0false
IRS990/ForeignFinancialAccountInd0false
IRS990/ForeignOfficeInd0false
IRS990/Form8282PropertyDisposedOfInd0false
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt040.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt140.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt240.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt340.00
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd0X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd1X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd2X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd3X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd4X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd5X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd6X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd7X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd8X
IRS990/Form990PartVIISectionAGrp/OfficerInd0X
IRS990/Form990PartVIISectionAGrp/OfficerInd1X
IRS990/Form990PartVIISectionAGrp/OfficerInd2X
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt00
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt10
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt20
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt30
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt40
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt50
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt60
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt70
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt80
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt90
IRS990/Form990PartVIISectionAGrp/PersonNm0HENRY F LAY
IRS990/Form990PartVIISectionAGrp/PersonNm1KACE BROWNING
IRS990/Form990PartVIISectionAGrp/PersonNm2KARA WHITNEY
IRS990/Form990PartVIISectionAGrp/PersonNm3DAVID KING
IRS990/Form990PartVIISectionAGrp/PersonNm4LINDA AMORE
IRS990/Form990PartVIISectionAGrp/PersonNm5MICHAEL A BELL
IRS990/Form990PartVIISectionAGrp/PersonNm6ROBERT FREEMAN
IRS990/Form990PartVIISectionAGrp/PersonNm7KLINT LAY
IRS990/Form990PartVIISectionAGrp/PersonNm8STEVE TOWNLEY
IRS990/Form990PartVIISectionAGrp/PersonNm9SANDY WYATT
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt060000
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt151000
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt239000
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt337500
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt80
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt90
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt80
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt90
IRS990/Form990PartVIISectionAGrp/TitleTxt0CHAIRMAN
IRS990/Form990PartVIISectionAGrp/TitleTxt1SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt2DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt3TOP FINANCIA
IRS990/Form990PartVIISectionAGrp/TitleTxt4DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt5TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt6DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt7DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt8DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt9DIRECTOR
IRS990/Form990ProvidedToGvrnBodyInd0false
IRS990/FormationYr02013
IRS990/FormerOfcrEmployeesListedInd0false
IRS990/FSAuditedInd0false
IRS990/FundraisingActivitiesInd0true
IRS990/FundraisingDirectExpensesAmt03350
IRS990/FundraisingGrossIncomeAmt069259
IRS990/GamingActivitiesInd0false
IRS990/GoverningBodyVotingMembersCnt010
IRS990/GovernmentGrantsAmt0311395
IRS990/GrantsToIndividualsInd0false
IRS990/GrantsToOrganizationsInd0false
IRS990/GrantToRelatedPersonInd0false
IRS990/GrossReceiptsAmt03630956
IRS990/GroupReturnForAffiliatesInd0false
IRS990/IncludeFIN48FootnoteInd0false
IRS990/IndependentAuditFinclStmtInd0false
IRS990/IndependentVotingMemberCnt06
IRS990/IndoorTanningServicesInd0false
IRS990/InfoInScheduleOPartIIIInd0X
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InformationTechnologyGrp/ProgramServicesAmt08230
IRS990/InformationTechnologyGrp/TotalAmt08230
IRS990/InsuranceGrp/ManagementAndGeneralAmt016235
IRS990/InsuranceGrp/ProgramServicesAmt048706
IRS990/InsuranceGrp/TotalAmt064941
IRS990/IntangibleAssetsGrp/EOYAmt040290
IRS990/InterestGrp/ManagementAndGeneralAmt0425
IRS990/InterestGrp/TotalAmt0425
IRS990/InvestmentIncomeGrp/RelatedOrExemptFuncIncomeAmt0107
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt0107
IRS990/InvestmentInJointVentureInd0false
IRS990/IRPDocumentCnt00
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt0465313
IRS990/LandBldgEquipBasisNetGrp/BOYAmt04800267
IRS990/LandBldgEquipBasisNetGrp/EOYAmt06075593
IRS990/LandBldgEquipCostOrOtherBssAmt06540906
IRS990/LegalDomicileStateCd0FL
IRS990/LoanOutstandingInd0true
IRS990/LoansFromOfficersDirectorsGrp/BOYAmt017907
IRS990/LoansFromOfficersDirectorsGrp/EOYAmt03908
IRS990/LobbyingActivitiesInd0false
IRS990/LocalChaptersInd0false
IRS990/MaterialDiversionOrMisuseInd0false
IRS990/MembersOrStockholdersInd0false
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd0true
IRS990/MinutesOfGoverningBodyInd0true
IRS990/MissionDesc0THE 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.
IRS990/MoreThan5000KToIndividualsInd0false
IRS990/MoreThan5000KToOrgInd0false
IRS990/MortgNotesPyblScrdInvstPropGrp/BOYAmt02477587
IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt02939365
IRS990/NetAssetsOrFundBalancesBOYAmt02395432
IRS990/NetAssetsOrFundBalancesEOYAmt03155189
IRS990/NetIncmFromFundraisingEvtGrp/TotalRevenueColumnAmt065909
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt02395432
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt03155189
IRS990/NoncashContributionsAmt08542
IRS990/NondeductibleContributionsInd0false
IRS990/OccupancyGrp/ManagementAndGeneralAmt0148828
IRS990/OccupancyGrp/ProgramServicesAmt084999
IRS990/OccupancyGrp/TotalAmt0233827
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt034540
IRS990/OfficeExpensesGrp/ProgramServicesAmt0124187
IRS990/OfficeExpensesGrp/TotalAmt0158727
IRS990/OfficerMailingAddressInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherExpensesGrp/Desc0SCHOOL ACTIVITIES
IRS990/OtherExpensesGrp/Desc1CONTRACT LABOR
IRS990/OtherExpensesGrp/Desc2REPAIRS & MAINTENANCE
IRS990/OtherExpensesGrp/Desc3CURRICULUM
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt070628
IRS990/OtherExpensesGrp/ProgramServicesAmt0146416
IRS990/OtherExpensesGrp/ProgramServicesAmt1124741
IRS990/OtherExpensesGrp/ProgramServicesAmt264454
IRS990/OtherExpensesGrp/TotalAmt0146416
IRS990/OtherExpensesGrp/TotalAmt1124741
IRS990/OtherExpensesGrp/TotalAmt270628
IRS990/OtherExpensesGrp/TotalAmt364454
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt0399986
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt01199958
IRS990/OtherSalariesAndWagesGrp/TotalAmt01599944
IRS990/PartialLiquidationInd0false
IRS990/PayPremiumsPrsnlBnftCntrctInd0false
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt031728
IRS990/PayrollTaxesGrp/ProgramServicesAmt095184
IRS990/PayrollTaxesGrp/TotalAmt0126912
IRS990/PoliticalCampaignActyInd0false
IRS990/PrincipalOfficerNm0HENRY F LAY
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/Desc0SCHOLARSHIP INCOME
IRS990/ProgramServiceRevenueGrp/Desc1TUITION INCOME
IRS990/ProgramServiceRevenueGrp/Desc2SCHOOL ACTIVITIES INCOME
IRS990/ProgramServiceRevenueGrp/Desc3REGISTRATION & LATE FEE INCOM
IRS990/ProgramServiceRevenueGrp/Desc4OTHER SCHOOL INCOME
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt01367269
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt11334947
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt2213987
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt3192253
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt473250
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt01367269
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt11334947
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt2213987
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt3192253
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt473250
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt0308198
IRS990/PYExcessBenefitTransInd0false
IRS990/PYInvestmentIncomeAmt050
IRS990/PYOtherExpensesAmt0880986
IRS990/PYOtherRevenueAmt044957
IRS990/PYProgramServiceRevenueAmt02233707
IRS990/PYRevenuesLessExpensesAmt019839
IRS990/PYSalariesCompEmpBnftPaidAmt01686087
IRS990/PYTotalExpensesAmt02567073
IRS990/PYTotalRevenueAmt02586912
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReconcilationRevenueExpnssAmt0759757
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt03039184
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0210760
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0229126
IRS990ScheduleA/SchoolInd0X
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd0true
IRS990ScheduleD/BuildingsGrp/BookValueAmt05173050
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0361655
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt05534705
IRS990ScheduleD/EquipmentGrp/BookValueAmt0122462
IRS990ScheduleD/EquipmentGrp/DepreciationAmt079219
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0201681
IRS990ScheduleD/LandGrp/BookValueAmt0703788
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0703788
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt02412
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt02101
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt04513
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt073881
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt022338
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt096219
IRS990ScheduleD/TotalBookValueLandBuildingsAmt06075593
IRS990ScheduleE/ComplianceWithRevProc7550Ind0true
IRS990ScheduleE/DiscriminateRaceAdmissPlcyInd0false
IRS990ScheduleE/DiscriminateRaceAthltProgInd0false
IRS990ScheduleE/DiscriminateRaceEducPlcyInd0false
IRS990ScheduleE/DiscriminateRaceEmplmFcultyInd0false
IRS990ScheduleE/DiscriminateRaceOtherActyInd0false
IRS990ScheduleE/DiscriminateRaceSchsInd0false
IRS990ScheduleE/DiscriminateRaceStdntsRghtsInd0false
IRS990ScheduleE/DiscriminateRaceUseOfFcltsInd0false
IRS990ScheduleE/GovernmentFinancialAidRcvdInd0true
IRS990ScheduleE/GovernmentFinancialAidRvkdInd0false
IRS990ScheduleE/MaintainCpyOfAllSolInd0true
IRS990ScheduleE/MaintainCpyOfBrochuresEtcInd0true
IRS990ScheduleE/MaintainRacialCompRecsInd0true
IRS990ScheduleE/MaintainScholarshipsRecsInd0true
IRS990ScheduleE/NondiscriminatoryPolicyStmtInd0true
IRS990ScheduleE/PlcyPblczdViaBroadcastMediaInd0true
IRS990ScheduleE/PolicyStmtInBrochuresEtcInd0true
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt0PRINTED IN THE NEWSPAPER - PRESS GAZETTE. ALSO POSTED AT SCHOOL.
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt1THE SCHOOL RECEIVES SCHOLARSHIP TUITION INCOME FOR QUALIFYING STUDENTS OF THE STEP-UP, MCKAY AND AAA PROGRAMS IN THE STATE OF FLORIDA.
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE E, LINE 3
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc1SCHEDULE E, LINE 6
IRS990ScheduleG/FundraisingEventInformationGrp/DirectExpenseSummaryEventsAmt03350
IRS990ScheduleG/FundraisingEventInformationGrp/Event1Nm0BBQ FUNDRAISER
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent1Amt069259
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsTotalAmt069259
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueEvent1Amt069259
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueTotalEventsAmt069259
IRS990ScheduleG/FundraisingEventInformationGrp/NetIncomeSummaryAmt065909
IRS990ScheduleG/FundraisingEventInformationGrp/OthDirectExpnssTotalEventsAmt03350
IRS990ScheduleG/FundraisingEventInformationGrp/OtherDirectExpensesEvent1Amt03350
IRS990/ScheduleJRequiredInd0false
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/NameOfInterested/PersonNm0NANCY LAY
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/NameOfInterested/PersonNm1MEGAN KING
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/NameOfInterested/PersonNm2KARA WHITNEY
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/NameOfInterested/PersonNm3KACE BROWNING
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/RelationshipDescriptionTxt0FAMILY MEMBER
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/RelationshipDescriptionTxt1FAMILY MEMBER
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/RelationshipDescriptionTxt2FAMILY MEMBER
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/RelationshipDescriptionTxt3FAMILY MEMBER
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/SharingOfRevenuesInd0false
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/SharingOfRevenuesInd1false
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/SharingOfRevenuesInd2false
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/SharingOfRevenuesInd3false
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionAmt045000
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionAmt130000
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionAmt239000
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionAmt351000
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionDesc0EMPLOYEE
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionDesc1EMPLOYEE
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionDesc2EMPLOYEE
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionDesc3EMPLOYEE
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BalanceDueAmt03908
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BoardOrCommitteeApprovalInd0false
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/DefaultInd0false
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanPurposeTxt0OPERATING EXPENSES
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanToOrganizationInd0X
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/OriginalPrincipalAmt0143699
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/PersonNm0NP - FRANK LAY
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/RelationshipWithOrgTxt0ADMINISTRATOR
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/WrittenAgreementInd0true
IRS990ScheduleL/TotalBalanceDueAmt03908
IRS990/ScheduleORequiredInd0true
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/ExplanationTxt1NO REVIEW WAS OR WILL BE CONDUCTED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2NO DOCUMENTS AVAILABLE TO THE PUBLIC.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990 - ORGANIZATION'S MISSION
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 19
IRS990/SchoolOperatingInd0true
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt05037197
IRS990/TotalAssetsEOYAmt06449640
IRS990/TotalAssetsGrp/BOYAmt05037197
IRS990/TotalAssetsGrp/EOYAmt06449640
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt0522406
IRS990/TotalEmployeeCnt087
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0838273
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt02029576
IRS990/TotalFunctionalExpensesGrp/TotalAmt02867849
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt02641765
IRS990/TotalLiabilitiesEOYAmt03294451
IRS990/TotalLiabilitiesGrp/BOYAmt02641765
IRS990/TotalLiabilitiesGrp/EOYAmt03294451
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt02395432
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt03155189
IRS990/TotalOthProgramServiceRevGrp/RelatedOrExemptFuncIncomeAmt0-142522
IRS990/TotalOthProgramServiceRevGrp/TotalRevenueColumnAmt0-142522
IRS990/TotalProgramServiceExpensesAmt02029576
IRS990/TotalProgramServiceRevenueAmt03039184

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2021 • Form 990Facts available. Structured filing facts are available, but richer extracted sections are limited.

Open filing
Assets
$6,449,640
Liabilities
$3,294,451
Net assets
$3,155,189
Revenue
$3,627,606
Expenses
$2,867,849
Net income
$759,757
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$7.48$4.22$3.26$3.90$3.65$0.26
2024Detailed filing. Detailed filing data is available for this year.$7.68$4.64$3.04$4.04$4.06$0.02
2023Detailed filing. Detailed filing data is available for this year.$8.12$5.06$3.06$4.49$4.63$0.14
2022Detailed filing. Detailed filing data is available for this year.$8.43$5.23$3.20$4.10$4.06$0.05
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$6.45$3.29$3.16$3.63$2.87$0.76
2020Detailed filing. Detailed filing data is available for this year.$5.04$2.64$2.40$2.59$2.57$0.02
2019Detailed filing. Detailed filing data is available for this year.$3.70$1.33$2.38$2.63$1.98$0.65
2018Detailed filing. Detailed filing data is available for this year.$3.05$1.32$1.72$2.24$1.49$0.75
2017Detailed filing. Detailed filing data is available for this year.$2.47$1.50$0.98$1.88$1.08$0.81
2016Detailed filing. Detailed filing data is available for this year.$1.24$1.07$0.17$0.91$0.82$0.09
2015Detailed filing. Detailed filing data is available for this year.$0.91$0.85$0.06$0.63$0.62$0.01
2014Detailed filing. Detailed filing data is available for this year.$0.91$0.86$0.05$0.22$0.17$0.05
2013Summary only. Only limited summary data is available for this year.$0.00$0.00$0.00$0.00$0.00