Civic Intelligence

Leadership Exchange Academy Inc

990 • Fiscal year 2021 • EIN 47-3151385

Jan 01, 2021 to Dec 31, 2021 • Filed on Mar 15, 2023

330 Northeast 10th StreetOklahoma City, OK 73104

(405) 885-2525

Siviq Scores

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

Liabilities / Assets

79th percentile

0.11x

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

2021 filings • 501(c)3 • <$500k nonprofits • Source year 2021

Liabilities / Revenue

76th percentile

0.07x

Higher debt load relative to revenue than 76% of similar nonprofits.

2021 filings • 501(c)3 • <$500k nonprofits • Source year 2021

Net Margin

9th percentile

-75%

Higher net margin than 9% of similar nonprofits.

2021 filings • 501(c)3 • <$500k nonprofits • Source year 2021

Top Officer Pay

96th percentile

$75,000

Higher top officer pay than 96% of similar nonprofits.

Top officer pay equals 142.0% of source-year revenue.

2021 filings • 501(c)3 • <$500k nonprofits • Source year 2021

Asset Growth

7th percentile

-55%

Faster asset growth than 7% of similar nonprofits.

2021 filings • 501(c)3 • <$500k nonprofits • Annualized from 2020 to 2021

Revenue Growth

25th percentile

-30%

Faster revenue growth than 25% of similar nonprofits.

2021 filings • 501(c)3 • <$500k nonprofits • Annualized from 2020 to 2021

Assets

Down

$31,448

Down $38,000 (-55%) from 2020

Net Assets

Down

$27,841

Down $39,866 (-59%) from 2020

Liabilities

Up

$3,607

Up $1,866 (+107%) from 2020

Revenue

Down

$52,834

Down $22,689 (-30%) from 2020

Expenses

Down

$92,700

Down $17,414 (-16%) from 2020

Net Income

Down

-$39,866

Down $5,275 (-15%) from 2020

Historical Trend

Balance Sheet Trend

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

$80K$60K$40K$20K$0Assets 2015: $56,524Liabilities 2015: $1,000Net Assets 2015: $55,5242015Assets 2016: $49,044Liabilities 2016: $1,700Net Assets 2016: $47,3442016Assets 2017: $74,907Liabilities 2017: $0Net Assets 2017: $74,9072017Assets 2018: $30,857Liabilities 2018: $0Net Assets 2018: $30,8572018Assets 2020: $69,448Liabilities 2020: $1,741Net Assets 2020: $67,7072020Assets 2021: $31,448Liabilities 2021: $3,607Net Assets 2021: $27,8412021Assets 2022: $16,400Liabilities 2022: $1,447Net Assets 2022: $14,9532022Assets 2023: $0Liabilities 2023: $0Net Assets 2023: $02023

Highlighted filing

2021

Assets$31,448
Liabilities$3,607
Net Assets$27,841

Operations Trend

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

$400K$300K$200K$100K$0-$100KRevenue 2015: $304,375Expenses 2015: $248,851Net Income 2015: $55,5242015Revenue 2016: $279,447Expenses 2016: $287,629Net Income 2016: -$8,1822016Revenue 2017: $314,207Expenses 2017: $286,644Net Income 2017: $27,5632017Revenue 2018: $252,552Expenses 2018: $296,602Net Income 2018: -$44,0502018Revenue 2020: $75,523Expenses 2020: $110,114Net Income 2020: -$34,5912020Revenue 2021: $52,834Expenses 2021: $92,700Net Income 2021: -$39,8662021Revenue 2022: $40,765Expenses 2022: $53,653Net Income 2022: -$12,8882022Revenue 2023: $1,352Expenses 2023: $16,305Net Income 2023: -$14,9532023

Highlighted filing

2021

Revenue$52,834
Expenses$92,700
Net Income-$39,866
Jump To
Filing Snapshot
Filing Period
Jan 1, 2021 to Dec 31, 2021
Signed
Mar 15, 2023
Return Version
2021v4.1
Gross Receipts
$52,834
Mission and Program Overview

Mission

To be the world-class future leadership school in oklahoma by providing training for leaders to learn more about government policies and programs, thereby increasing the number of effective leaders serving the constituents of the state of oklahoma.

To be the world class future leadership school in Oklahoma by providing training for leaders to learn more about government policies and programs, thereby increasing the number of effective leaders serving the constituents of Oklahoma.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$69,448$31,448▼ $38,000
Loans From Officers Directors$1,352$1,352→ $0
Savings and Temporary Cash Investments-$0-
Accounts Receivable-$0-
Other Notes and Loans Receivable, Net-$0-
Pledges and Grants Receivable-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Other Securities-$0-
Investments Program Related-$0-
Investments in Publicly Traded Securities-$0-
Land, Buildings, and Equipment, Net-$0-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Prepaid Expenses and Deferred Charges-$0-
Total Assets$69,448$31,448▼ $38,000
Other Assets Total-$0-
Liabilities
Accounts Payable and Accrued Expenses$389$2,255▲ $1,866
Total Liabilities$1,741$3,607▲ $1,866
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$67,707$27,841▼ $39,866
Total Net Assets Fund Balance$67,707$27,841▼ $39,866
Total Liabilities and Net Assets / Fund Balance$69,448$31,448▼ $38,000
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Michael RobinsExecutive DirectorFT$75,000$75,000

Board Members and Trustees

NameTitle
J Larry NicholsChairman
Chad WarmingtonPresident
AJ GriffinDirector
Bill SchonacherDirector
Bobby StemDirector
Kirk HallDirector
Stephanie CameronDirector
Tiffini JacksonSecretary
Revenue and Support

Revenue Composition

Contributions and Grants
$43,500
Program Service Revenue
$9,334
Investment Income
$0
Other Revenue
$0
All Other Contributions
$43,500
Change in Net Assets
$-39,866
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$75,000
Total Fundraising Expense$18,540
Other Expenses$17,700
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Current Officers, Directors, Trustees, and Key Employees$52,500$7,500$15,000$75,000
Insurance$879$125$251$1,255
Fees for Services Legal$762$109$217$1,088
Information Technology$601$86$172$859
Travel$402$57$115$574
Office Expenses$72$10$21$103
Other Expenses$67$9$19$95
Total Functional Expenses$64,891$9,269$18,540$92,700
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
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Loans from Officers, Directors, Trustees, and Key Employees$1,352$1,352→ $0
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Backup withholding compliance
No
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
Yes
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Line 11B: Form 990 Review Process

The Form 990 is reviewed by the Board Prior to Signing and Filing.

Form 990, Part VI, Line 12C: Explanation of Monitoring and Enforcement of Conflicts

Conflicts of interest are reviewed and monitored annually and the Officers and Directors sign an Annual Confilct Disclosure.

Form 990, Part VI, Line 15A: Compensation Review & Approval Process - CEO, Top Management

Directors make an annual evaluation of the Executive Director. Directors or their Designees perform salary research for similarly qualified individuals in comparable positions and organizations. This data is used to determine fair market compensation and to manage and direct a fair and correct Executive Director function and compensation package. The Directors and their Designees operate independently of the Executive Director in determinng compensation.

Form 990, Part VI, Line 19: Other Organization Documents Publicly Available

No other Documents available to the public.

Filing and Contact Details

Filer

Filer Name
Leadership Exchange Academy
EIN
47-3151385
Phone
4058852525
Address
330 Northeast 10th Street, Oklahoma City, OK 73104

Signing Officer

Name
Michael Robins
Title
Executive Director
Signed
2023-03-15
Discuss with paid preparer
Yes

Organization Details

Formed
2015
Legal Domicile
Ok
Voting Board Members
3
Independent Board Members
3
Employees
1

Preparer

Firm
Core Business Advisors PLLC
Address
12352 Market Drive, Oklahoma City, OK 73114
Preparer
V Randall Compton CPA
Phone
4056020793
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IRS990/RegularMonitoringEnfrcInd0true
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IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0false
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RoyaltiesGrp/TotalAmt00
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IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt043500
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt057250
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt0254500
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt0252552
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt0302500
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt0910302
IRS990ScheduleA/GovtFurnSrvcFcltsVl170Grp/TotalAmt00
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt00
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IRS990ScheduleA/PublicSupportPY170Pct01.00000
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IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0252552
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0302500
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IRS990/ScheduleBRequiredInd0true
IRS990/ScheduleJRequiredInd0false
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0The Form 990 is reviewed by the Board Prior to Signing and Filing.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Conflicts of interest are reviewed and monitored annually and the Officers and Directors sign an Annual Confilct Disclosure.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2Directors make an annual evaluation of the Executive Director. Directors or their Designees perform salary research for similarly qualified individuals in comparable positions and organizations. This data is used to determine fair market compensation and to manage and direct a fair and correct Executive Director function and compensation package. The Directors and their Designees operate independently of the Executive Director in determinng compensation.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3No other Documents available to the public.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Line 11b: Form 990 Review Process
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Line 12c: Explanation of Monitoring and Enforcement of Conflicts
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Line 15a: Compensation Review & Approval Process - CEO, Top Management
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part VI, Line 19: Other Organization Documents Publicly Available
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IRS990/TravelGrp/FundraisingAmt0115
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IRS990/TravelGrp/TotalAmt0574
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0330 Northeast 10th Street
IRS990/USAddress/CityNm0Oklahoma City
IRS990/USAddress/StateAbbreviationCd0OK
IRS990/USAddress/ZIPCd073104
IRS990/VotingMembersGoverningBodyCnt03
IRS990/VotingMembersIndependentCnt03
IRS990/WebsiteAddressTxt0N/A
IRS990/WhistleblowerPolicyInd0true
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/AuthenticationAssuranceLevelCd0AAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/FederatedAssuranceLevelCd0FAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/IdentityAssuranceLevelCd0IAL1

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