Civic Intelligence

Lead the Way Learning Academy

990 • Fiscal year 2021 • EIN 46-5061452

Jan 01, 2021 to Dec 31, 2021 • Filed on Oct 17, 2022

Organization ProfileWWW.LEADTHEWAYLEARNINGACADEMY.ORG
6600 Busch Blvd Suite 200Columbus, OH 43229

(614) 842-4993

Siviq Scores

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

Liabilities / Assets

80th percentile

0.39x

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

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Liabilities / Revenue

47th percentile

0.08x

Higher debt load relative to revenue than 47% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Net Margin

47th percentile

11%

Higher net margin than 47% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Top Officer Pay

71st percentile

$103,302

Higher top officer pay than 71% of similar nonprofits.

Top officer pay equals 4.9% of source-year revenue.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Asset Growth

82nd percentile

38%

Faster asset growth than 82% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2020 to 2021

Revenue Growth

81st percentile

67%

Faster revenue growth than 81% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2020 to 2021

Balance Sheet
Liabilities / Assets80th percentile

Assets

Up

$417,220

Up $115,931 (+38%) from 2020

Net Assets

Up

$253,334

Up $210,247 (+488%) from 2020

Liabilities

Down

$163,886

Down $94,316 (-37%) from 2020

Revenue And Expenses
Liabilities / Revenue47th percentileNet Margin47th percentile

Revenue

Up

$2,121,965

Up $849,225 (+67%) from 2020

Expenses

Up

$1,889,835

Up $615,553 (+48%) from 2020

Net Income

Up

$232,130

Up $233,672 (+15154%) from 2020

Historical Trend

Balance Sheet Trend

Asset Growth82nd percentile

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

$1.5M$1.0M$500K$0-$500KAssets 2015: $20,344Liabilities 2015: $31,1212015Assets 2016: $23,495Liabilities 2016: $31,214Net Assets 2016: -$7,7192016Assets 2017: $123,525Liabilities 2017: $129,944Net Assets 2017: -$6,4192017Assets 2018: $282,177Liabilities 2018: $172,574Net Assets 2018: $109,6032018Assets 2019: $193,572Liabilities 2019: $78,842Net Assets 2019: $114,7302019Assets 2020: $301,289Liabilities 2020: $258,202Net Assets 2020: $43,0872020Assets 2021: $417,220Liabilities 2021: $163,886Net Assets 2021: $253,3342021Assets 2022: $531,367Liabilities 2022: $512,077Net Assets 2022: $19,2902022Assets 2023: $650,754Liabilities 2023: $185,983Net Assets 2023: $464,7712023Assets 2024: $1,003,345Liabilities 2024: $246,906Net Assets 2024: $756,4392024

Highlighted filing

2021

Assets$417,220
Liabilities$163,886
Net Assets$253,334
Open 2021 Filing

Operations Trend

Revenue Growth81st percentile

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

$4.0M$3.0M$2.0M$1.0M$0-$1.0MRevenue 2015: $161,170Expenses 2015: $184,508Net Income 2015: -$23,3382015Revenue 2016: $397,983Expenses 2016: $394,925Net Income 2016: $3,0582016Revenue 2017: $1,107,239Expenses 2017: $1,105,939Net Income 2017: $1,3002017Revenue 2018: $1,396,522Expenses 2018: $1,362,284Net Income 2018: $34,2382018Revenue 2019: $1,249,764Expenses 2019: $1,240,669Net Income 2019: $9,0952019Revenue 2020: $1,272,740Expenses 2020: $1,274,282Net Income 2020: -$1,5422020Revenue 2021: $2,121,965Expenses 2021: $1,889,835Net Income 2021: $232,1302021Revenue 2022: $1,609,070Expenses 2022: $1,843,114Net Income 2022: -$234,0442022Revenue 2023: $2,949,538Expenses 2023: $2,504,057Net Income 2023: $445,4812023Revenue 2024: $3,433,427Expenses 2024: $3,033,892Net Income 2024: $399,5352024

Highlighted filing

2021

Revenue$2,121,965
Expenses$1,889,835
Net Income$232,130
Open 2021 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2021 to Dec 31, 2021
Signed
Oct 17, 2022
Return Version
2021v4.0
Gross Receipts
$2,121,965
Mission and Program Overview

Mission

To inspire, enrich and empower individuals and families to discover and realize their full potential through quality childcare, educational enrichment, and youth and workforce development.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$27,786$318,119▲ $290,333
Accounts Receivable$261,003$99,101▼ $161,902
Prepaid Expenses and Deferred Charges$12,500--
Total Assets$301,289$417,220▲ $115,931
Liabilities
Unsecured Notes Loans Payable$145,900$150,000▲ $4,100
Other Liabilities$86,319--
Accounts Payable and Accrued Expenses$25,983$13,886▼ $12,097
Total Liabilities$258,202$163,886▼ $94,316
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$43,087$253,334▲ $210,247
Total Net Assets Fund Balance$43,087$253,334▲ $210,247
Total Liabilities and Net Assets / Fund Balance$301,289$417,220▲ $115,931
Compensation and Service Providers
Top Officer Pay71st percentile

Employees

NameTitleFull / Part TimeBaseTotal
Jackie KempFounder/edFT$103,302$103,302

Board Members and Trustees

NameTitle
Rebecca GrayPresident
Diahann RyannBoard Member
Aonesti WilliamsSecretary
Derrick RodneyTreasurer
Lisa RussellVice Preside
Revenue and Support

Revenue Composition

Contributions and Grants
$2,097,080
Program Service Revenue
$24,885
Investment Income
$0
Other Revenue
$0
All Other Contributions
$4,455
Change in Net Assets
$232,130

Audited Revenue Reconciliation

Revenue per Audited Statements
$2,121,965
Total Revenue per Audited Statements
$2,121,965
Total Revenue per Form 990
$2,121,965
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$988,631
Other Expenses$901,204
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$748,171$33,001-$781,172
Fees for Services Other$253,355$65,064-$318,419
Occupancy$153,207$85,493-$238,700
Office Expenses$211,866$17,976-$229,842
Current Officers, Directors, Trustees, and Key Employees$98,938$4,364-$103,302
Payroll Taxes$80,501$3,551-$84,052
Other Employee Benefits$19,256$849-$20,105
Fees for Services Accounting$14,879$3,821-$18,700
Travel$4,213$27-$4,240
Interest-$3,742-$3,742
Insurance$3,325--$3,325
Fees for Services Legal$1,195$307-$1,502
Other Expenses$34,555$507-$507
Total Functional Expenses$1,639,565$250,270$0$1,889,835

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$1,889,835
Total Expenses per Audited Statements$1,889,835
Total Expenses per Form 990$1,889,835
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
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Audit committee
Yes
Business relationship with 35% controlled entity
No
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
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

“The executive director reviews and signs the form 990 for the organization.”

Form 990, Page 6, Part VI, Line 19

“Written requests are reviewed by the board. Based on a board decision the documents are made available.”

Filing and Contact Details

Filer

Filer Name
Lead the Way Learning Academy
EIN
46-5061452
Phone
6148424993
Address
6600 BUSCH BLVD SUITE 200, COLUMBUS, OH 43229

Signing Officer

Name
Jackie Kemp
Title
Founder/ed
Phone
6148424993
Signed
2022-10-17

Organization Details

Principal Officer
Jackie Kemp
Formed
2014
Legal Domicile
Oh
Voting Board Members
6
Independent Board Members
5
Employees
75

Preparer

Firm
Wells CPA LLC
Address
6500 BUSCH BLVD STE 120, COLUMBUS, OH 43229
Preparer
Donald Wells
Phone
6143968974
Supplemental Narrative

Additional Explanations

Form 990, Part IX, Line 11G

“Consultants 233,700 60,016 0 human resources 13,235 3,399 0 marketing 4,471 1,148 0 contractors 1,074 276 0 professional fees 875 225 0 total 253,355 65,064 0”

Form 990, Part XI, Line 9

“Changes after py 990 was prepared -21,883”

Financial Statement Notes

Schedule D, Page 3, Part X

“Lead the way is exempt from federal income taxes under section 501 (c)(3) of the internal revenue code. Lead the way follows fasb guidance on accounting for uncertainty in income taxes, which addresses the determination of whether tax benefits claimed or expected to be claimed on a tax return should be recorded in the financial statements. Under this guidance, lead the way may recognize the tax benefit from an uncertain tax position only if it is more likely than not that the tax position will be sustained on examination by taxing authorities, based on the technical merits of the position. Examples of tax positions include the tax-exempt status of lead the way, and various positions related to the potential sources of unrelated business taxable income (ubit). The tax benefits recognized in the financial statements from such a position are measured based on the largest benefit that has a greater than 50 percent likelihood of being realized upon ultimate settlement. The guidance on accounting for uncertainty in income taxes also addresses de- recognition, classification, interest and penalties on income taxes, and accounting in interim periods. At december 31, 2021, there were no material unrecognized tax benefits identified or recorded as liabilities. Lead the way files a form 990 in the u.s. Federal jurisdiction and the state of ohio. Lead the way's federal exempt organization tax returns are subject to examination by the internal revenue service, generally for three years after they are filed. All tax returns for years ending after december 31, 2018 are open for examination.”

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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/SupplementalInformationDetail/ExplanationTxt0LEAD THE WAY IS EXEMPT FROM FEDERAL INCOME TAXES UNDER SECTION 501 (C)(3) OF THE INTERNAL REVENUE CODE. LEAD THE WAY FOLLOWS FASB GUIDANCE ON ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES, WHICH ADDRESSES THE DETERMINATION OF WHETHER TAX BENEFITS CLAIMED OR EXPECTED TO BE CLAIMED ON A TAX RETURN SHOULD BE RECORDED IN THE FINANCIAL STATEMENTS. UNDER THIS GUIDANCE, LEAD THE WAY MAY RECOGNIZE THE TAX BENEFIT FROM AN UNCERTAIN TAX POSITION ONLY IF IT IS MORE LIKELY THAN NOT THAT THE TAX POSITION WILL BE SUSTAINED ON EXAMINATION BY TAXING AUTHORITIES, BASED ON THE TECHNICAL MERITS OF THE POSITION. EXAMPLES OF TAX POSITIONS INCLUDE THE TAX-EXEMPT STATUS OF LEAD THE WAY, AND VARIOUS POSITIONS RELATED TO THE POTENTIAL SOURCES OF UNRELATED BUSINESS TAXABLE INCOME (UBIT). THE TAX BENEFITS RECOGNIZED IN THE FINANCIAL STATEMENTS FROM SUCH A POSITION ARE MEASURED BASED ON THE LARGEST BENEFIT THAT HAS A GREATER THAN 50 PERCENT LIKELIHOOD OF BEING REALIZED UPON ULTIMATE SETTLEMENT. THE GUIDANCE ON ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES ALSO ADDRESSES DE- RECOGNITION, CLASSIFICATION, INTEREST AND PENALTIES ON INCOME TAXES, AND ACCOUNTING IN INTERIM PERIODS. AT DECEMBER 31, 2021, THERE WERE NO MATERIAL UNRECOGNIZED TAX BENEFITS IDENTIFIED OR RECORDED AS LIABILITIES. LEAD THE WAY FILES A FORM 990 IN THE U.S. FEDERAL JURISDICTION AND THE STATE OF OHIO. LEAD THE WAY'S FEDERAL EXEMPT ORGANIZATION TAX RETURNS ARE SUBJECT TO EXAMINATION BY THE INTERNAL REVENUE SERVICE, GENERALLY FOR THREE YEARS AFTER THEY ARE FILED. ALL TAX RETURNS FOR YEARS ENDING AFTER DECEMBER 31, 2018 ARE OPEN FOR EXAMINATION.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE D, PAGE 3, PART X
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE EXECUTIVE DIRECTOR REVIEWS AND SIGNS THE FORM 990 FOR THE ORGANIZATION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1WRITTEN REQUESTS ARE REVIEWED BY THE BOARD. BASED ON A BOARD DECISION THE DOCUMENTS ARE MADE AVAILABLE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2CONSULTANTS 233,700 60,016 0 HUMAN RESOURCES 13,235 3,399 0 MARKETING 4,471 1,148 0 CONTRACTORS 1,074 276 0 PROFESSIONAL FEES 875 225 0 TOTAL 253,355 65,064 0
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3CHANGES AFTER PY 990 WAS PREPARED -21,883
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ReturnHeader/BuildTS02022-09-23 18:48:47Z
ReturnHeader/BusinessOfficerGrp/PersonNm0JACKIE KEMP
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0FOUNDER/ED
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ReturnHeader/PreparerPersonGrp/PreparationDt02022-10-17
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ReturnHeader/ReturnTs02022-10-17T12:23:34-04:00
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ReturnHeader/TaxPeriodEndDt02021-12-31
ReturnHeader/TaxYr02021

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2021 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$417,220
Liabilities
$163,886
Net assets
$253,334
Revenue
$2,121,965
Expenses
$1,889,835
Net income
$232,130
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$1.00$0.25$0.76$3.43$3.03$0.40
2023Detailed filing. Detailed filing data is available for this year.$0.65$0.19$0.46$2.95$2.50$0.45
2022Detailed filing. Detailed filing data is available for this year.$0.53$0.51$0.02$1.61$1.84$0.23
2021Detailed filing. Detailed filing data is available for this year.$0.42$0.16$0.25$2.12$1.89$0.23
2020Detailed filing. Detailed filing data is available for this year.$0.30$0.26$0.04$1.27$1.27$0.00
2019Detailed filing. Detailed filing data is available for this year.$0.19$0.08$0.11$1.25$1.24$0.01
2018Summary only. Only limited summary data is available for this year.$0.28$0.17$0.11$1.40$1.36$0.03
2017Summary only. Only limited summary data is available for this year.$0.12$0.13$0.01$1.11$1.11$0.00
2016Summary only. Only limited summary data is available for this year.$0.02$0.03$0.01$0.40$0.39$0.00
2015Summary only. Only limited summary data is available for this year.$0.02$0.03$0.16$0.18$0.02
Peer Organizations

Similar nonprofits based on the same Siviq industry and scale cohort. 2021 filings • 501(c)3 • $1M-$5M nonprofits