Civic Intelligence

Ilead Spring Meadows

990 • Fiscal year 2021 • EIN 81-1826586

Jul 01, 2020 to Jun 30, 2021 • Filed on Apr 22, 2022

1615 Timberwolf DriveHolland, OH 43528

(330) 515-0572

Siviq Scores

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

Liabilities / Assets

99th percentile

2.69x

Higher debt load relative to assets than 99% of similar nonprofits.

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

Liabilities / Revenue

90th percentile

1.63x

Higher debt load relative to revenue than 90% of similar nonprofits.

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

Net Margin

12th percentile

-16%

Higher net margin than 12% of similar nonprofits.

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

Top Officer Pay

39th percentile

$1,375

Higher top officer pay than 39% of similar nonprofits.

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

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

Asset Growth

39th percentile

4.5%

Faster asset growth than 39% of similar nonprofits.

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

Revenue Growth

63rd percentile

25%

Faster revenue growth than 63% of similar nonprofits.

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

Assets

Up

$1,802,003

Up $76,793 (+4.5%) from 2020

Net Assets

Down

-$3,053,762

Down $467,761 (-18%) from 2020

Liabilities

Up

$4,855,765

Up $544,554 (+13%) from 2020

Revenue

Up

$2,983,415

Up $605,501 (+25%) from 2020

Expenses

Up

$3,451,176

Up $233,482 (+7.3%) from 2020

Net Income

Up

-$467,761

Up $372,019 (+44%) from 2020

Historical Trend

Balance Sheet Trend

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

$15M$10M$5.0M$0-$5.0MAssets 2017: $361,055Liabilities 2017: $906,994Net Assets 2017: -$545,9392017Assets 2018: $942,999Liabilities 2018: $2,002,797Net Assets 2018: -$1,059,7982018Assets 2019: $1,377,210Liabilities 2019: $3,169,337Net Assets 2019: -$1,792,1272019Assets 2020: $1,725,210Liabilities 2020: $4,311,211Net Assets 2020: -$2,586,0012020Assets 2021: $1,802,003Liabilities 2021: $4,855,765Net Assets 2021: -$3,053,7622021Assets 2022: $10,461,357Liabilities 2022: $14,485,287Net Assets 2022: -$4,023,9302022Assets 2023: $49,951Liabilities 2023: $0Net Assets 2023: $49,9512023Assets 2024: $0Liabilities 2024: $0Net Assets 2024: $02024

Highlighted filing

2021

Assets$1,802,003
Liabilities$4,855,765
Net Assets-$3,053,762

Operations Trend

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

$4.0M$2.0M$0-$2.0MRevenue 2017: $651,213Expenses 2017: $1,197,152Net Income 2017: -$545,9392017Revenue 2018: $1,406,646Expenses 2018: $1,921,901Net Income 2018: -$515,2552018Revenue 2019: $1,826,165Expenses 2019: $2,558,493Net Income 2019: -$732,3282019Revenue 2020: $2,377,914Expenses 2020: $3,217,694Net Income 2020: -$839,7802020Revenue 2021: $2,983,415Expenses 2021: $3,451,176Net Income 2021: -$467,7612021Revenue 2022: $2,795,259Expenses 2022: $3,765,427Net Income 2022: -$970,1682022Revenue 2023: $3,608,962Expenses 2023: $3,871,595Net Income 2023: -$262,6332023Revenue 2024: $0Expenses 2024: $0Net Income 2024: $02024

Highlighted filing

2021

Revenue$2,983,415
Expenses$3,451,176
Net Income-$467,761
Jump To
Filing Snapshot
Filing Period
Jul 1, 2020 to Jun 30, 2021
Signed
Apr 22, 2022
Return Version
2020v4.0
Gross Receipts
$2,983,415
Mission and Program Overview

Mission

iLEAD Schools are based on a new paradigm: Project-Based Deeper Learning. At iLEAD Spring Meadows we create open, fun multi-age K-8 learning environments that promote deeper understanding and celebrate independent critical thinking, cooperation and the development of crucial 21st century skills.

At iLEAD we've built a model based on what we believe to be the best of all that is out there. We believe passionately in project-based learning not because it's a fad but because it goes to the heart of how kids learn. We've incorporated technology not as a spiffy add-on but as an organic part of the learning process in the 21st century. We value and encourage leadership not just as a part of a career track but by instilling in each learner the confidence and character that inspire others.

Balance Sheet Detail
LineBeginningEndChange
Assets
Pledges and Grants Receivable$10,542$247,327▲ $236,785
Cash and Non-Interest-Bearing Accounts$350,080$111,937▼ $238,143
Accounts Receivable$34,287--
Prepaid Expenses and Deferred Charges-$34,287-
Land, Buildings, and Equipment, Net$36,853$31,159▼ $5,694
Total Assets$1,725,210$1,802,003▲ $76,793
Other Assets Total$1,293,448$1,377,293▲ $83,845
Liabilities
Other Liabilities$2,479,535$3,254,117▲ $774,582
Accounts Payable and Accrued Expenses$735,458$665,177▼ $70,281
Unsecured Notes Loans Payable$751,111$659,858▼ $91,253
Mortgage Notes Payable Secured by Investment Property$345,107$276,613▼ $68,494
Total Liabilities$4,311,211$4,855,765▲ $544,554
Net Assets / Fund Balance
Net Assets With Donor Restrictions$0$0→ $0
Net Assets Without Donor Restrictions$-2,586,001$-3,053,762▼ $467,761
Total Net Assets Fund Balance$-2,586,001$-3,053,762▼ $467,761
Total Liabilities and Net Assets / Fund Balance$1,725,210$1,802,003▲ $76,793

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$0$0$0
Other Land Buildings$8,122$150,195$0
Land$0-$0
Equipment$23,037$77,252$0
Leasehold Improvements$0$0$0
Other Assets Org$228,567--
Compensation and Service Providers

Employees

NameTitleBaseTotal
LaTanya WilsonVice Chairman$1,375$1,375
David ShockBoard Member$1,000$1,000
Jaquelyn MayBoard Member$1,000$1,000
Jeff WilliamsBoard Member$1,000$1,000
Tricia MaasselBoard Member$1,000$1,000
Raina DawsonBoard Member$125$125

Highest Paid Contractors

ContractorServicesLocationCompensation
iLEAD Holland Project DevelopmentRent746 E Winchester ST, Ste 150, Murray, UT 84107$245,414
Manhattan's Catering CompanyStudent Food ServicesPO Box 744, Toledo, OH 43697$112,900
Revenue and Support

Revenue Composition

Contributions and Grants
$2,983,415
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$0
All Other Contributions
$2,983,415
Change in Net Assets
$-467,761

Audited Revenue Reconciliation

Revenue per Audited Statements
$2,983,415
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Other Revenue Adjustments
$0
Total Revenue per Audited Statements
$2,983,415
Total Revenue per Form 990
$2,983,415
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$1,932,464
Other Expenses$1,518,712
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$1,112,060--$1,112,060
Other Employee Benefits$820,404--$820,404
Occupancy$665,120--$665,120
Fees for Services Management$280,755--$280,755
Fees for Services Other$119,057--$119,057
Other Expenses$116,840$0$0$116,840
Interest$77,469--$77,469
Fees for Services Accounting$42,429--$42,429
Fees for Services Legal$36,000--$36,000
All Other Expenses$33,437--$33,437
Depreciation Depletion$25,079--$25,079
Insurance$18,782--$18,782
Advertising$17,676--$17,676
Total Functional Expenses$3,451,176$0$0$3,451,176

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$3,451,176
Total Expenses per Audited Statements$3,451,176
Total Expenses per Form 990$3,451,176
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$0
Other Expense Adjustments$0
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
Net Pension Liability$1,997,799
Non Current Portion of Long Term Debt$850,269
Deferred Inflows of Resources - OPEB$224,979
Net OPEB Liability$160,850
Deferred Inflows of Resources - Pension$20,220
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
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
Yes
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 11B

The Form 990 is prepared and reviewed by the fiscal officer. Once prepared, the Form 990 is provided to the Board of Director's legal counsel for review. After the review, the Form 990 is provided to the Board President for review and approval, and then back to the fiscal officer for signature and filing.

Form 990, Part VI, Section B, Line 12C

The Board of Directors, in conjunction with their legal counsel, consistently review compliance with federal and state regulations. In addition, the school is continuously monitored by its sponsor to ensure compliance with laws and regulations.

Form 990, Part VI, Section C, Line 19

The school's governing documents, conflict of interest policy and financial statements are maintained by its legal counsel and fiscal officer and may be provided upon request.

Filing and Contact Details

Filer

Filer Name
Ilead Spring Meadows
EIN
81-1826586
Phone
3305150572
Address
1615 Timberwolf Drive, Holland, OH 43528

Signing Officer

Name
C David Massa
Title
Treasurer
Phone
3305150572
Signed
2022-04-22

Organization Details

Principal Officer
C David Massa
Formed
2016
Legal Domicile
Oh
Voting Board Members
6
Independent Board Members
6
Employees
39
Volunteers
0
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IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt02377914
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt00
IRS990/PYOtherExpensesAmt01425910
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt00
IRS990/PYRevenuesLessExpensesAmt0-839780
IRS990/PYSalariesCompEmpBnftPaidAmt01791784
IRS990/PYTotalExpensesAmt03217694
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt02377914
IRS990/ReconcilationRevenueExpnssAmt0-467761
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/RelatedOrganizationsAmt00
IRS990/RentalIncomeOrLossGrp/PersonalAmt00
IRS990/RentalIncomeOrLossGrp/RealAmt00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd01
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt02983415
IRS990ScheduleA/SchoolInd0X
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/BuildingsGrp/BookValueAmt00
IRS990ScheduleD/BuildingsGrp/DepreciationAmt00
IRS990ScheduleD/BuildingsGrp/InvestmentCostOrOtherBasisAmt00
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt00
IRS990ScheduleD/DonatedServicesAndUseFcltsAmt00
IRS990ScheduleD/DonatedServicesUseFcltsAmt00
IRS990ScheduleD/EquipmentGrp/BookValueAmt023037
IRS990ScheduleD/EquipmentGrp/DepreciationAmt077252
IRS990ScheduleD/EquipmentGrp/InvestmentCostOrOtherBasisAmt0100289
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt00
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt03451176
IRS990ScheduleD/FederalIncomeTaxLiabilityAmt00
IRS990ScheduleD/InvestmentExpensesNotIncld2Amt00
IRS990ScheduleD/InvestmentExpensesNotIncldAmt00
IRS990ScheduleD/LandGrp/BookValueAmt00
IRS990ScheduleD/LandGrp/InvestmentCostOrOtherBasisAmt00
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt00
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt00
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt00
IRS990ScheduleD/LeaseholdImprovementsGrp/InvestmentCostOrOtherBasisAmt00
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt00
IRS990ScheduleD/LossesReportedAmt00
IRS990ScheduleD/NetUnrealizedGainsInvstAmt00
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt0109603
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt11039123
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt2228567
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0Net OPEB Asset
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1Deferred Outflows of Resources - Pension
IRS990ScheduleD/OtherAssetsOrgGrp/Desc2Deferred Outflows of Resources - OPEB
IRS990ScheduleD/OtherExpensesIncludedAmt00
IRS990ScheduleD/OtherExpensesNotIncludedAmt00
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt08122
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt0150195
IRS990ScheduleD/OtherLandBuildingsGrp/InvestmentCostOrOtherBasisAmt0158317
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt00
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0850269
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt11997799
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt2160850
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt320220
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt4224979
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0Non Current Portion of Long Term Debt
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1Net Pension Liability
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc2Net OPEB Liability
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc3Deferred Inflows of Resources - Pension
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc4Deferred Inflows of Resources - OPEB
IRS990ScheduleD/OtherRevenueAmt00
IRS990ScheduleD/OtherRevenuesNotIncludedAmt00
IRS990ScheduleD/PriorYearAdjustmentsAmt00
IRS990ScheduleD/RecoveriesPriorYearGrantsAmt00
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt02983415
IRS990ScheduleD/TotalBookValueLandBuildingsAmt031159
IRS990ScheduleD/TotalBookValueOtherAssetsAmt01377293
IRS990ScheduleD/TotalExpensesPerForm990Amt03451176
IRS990ScheduleD/TotalLiabilityAmt03254117
IRS990ScheduleD/TotalRevenuePerForm990Amt02983415
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt02983415
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt03451176
IRS990ScheduleE/ComplianceWithRevProc7550Ind01
IRS990ScheduleE/DiscriminateRaceAdmissPlcyInd00
IRS990ScheduleE/DiscriminateRaceAthltProgInd00
IRS990ScheduleE/DiscriminateRaceEducPlcyInd00
IRS990ScheduleE/DiscriminateRaceEmplmFcultyInd00
IRS990ScheduleE/DiscriminateRaceOtherActyInd00
IRS990ScheduleE/DiscriminateRaceSchsInd00
IRS990ScheduleE/DiscriminateRaceStdntsRghtsInd00
IRS990ScheduleE/DiscriminateRaceUseOfFcltsInd00
IRS990ScheduleE/GovernmentFinancialAidRcvdInd00
IRS990ScheduleE/GovernmentFinancialAidRvkdInd00
IRS990ScheduleE/MaintainCpyOfAllSolInd01
IRS990ScheduleE/MaintainCpyOfBrochuresEtcInd01
IRS990ScheduleE/MaintainRacialCompRecsInd01
IRS990ScheduleE/MaintainScholarshipsRecsInd00
IRS990ScheduleE/NondiscriminatoryPolicyStmtInd01
IRS990ScheduleE/PlcyPblczdViaBroadcastMediaInd01
IRS990ScheduleE/PolicyStmtInBrochuresEtcInd01
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt0The school provides a parent student handbook that describes their policies regarding discrimination, as well as, any literature that is sent to the public includes a statement about such policies.
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt1The school is a community school in Ohio and does not provide scholarships or financial assistance as a free public school.
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc0Schedule E, Part I, Line 3
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc1Schedule E, Part I, Line 4
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0The Form 990 is prepared and reviewed by the fiscal officer. Once prepared, the Form 990 is provided to the Board of Director's legal counsel for review. After the review, the Form 990 is provided to the Board President for review and approval, and then back to the fiscal officer for signature and filing.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1The Board of Directors, in conjunction with their legal counsel, consistently review compliance with federal and state regulations. In addition, the school is continuously monitored by its sponsor to ensure compliance with laws and regulations.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2The school's governing documents, conflict of interest policy and financial statements are maintained by its legal counsel and fiscal officer and may be provided upon request.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Section B, Line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Section B, Line 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Section C, Line 19
IRS990/SchoolOperatingInd01
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt01725210
IRS990/TotalAssetsEOYAmt01802003
IRS990/TotalAssetsGrp/BOYAmt01725210
IRS990/TotalAssetsGrp/EOYAmt01802003
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt02983415
IRS990/TotalEmployeeCnt039
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt00
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt03451176
IRS990/TotalFunctionalExpensesGrp/TotalAmt03451176
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt04311211
IRS990/TotalLiabilitiesEOYAmt04855765
IRS990/TotalLiabilitiesGrp/BOYAmt04311211
IRS990/TotalLiabilitiesGrp/EOYAmt04855765
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0-2586001
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0-3053762
IRS990/TotalOtherCompensationAmt00
IRS990/TotalOtherProgSrvcExpenseAmt00
IRS990/TotalOtherProgSrvcGrantAmt00
IRS990/TotalOtherProgSrvcRevenueAmt00
IRS990/TotalProgramServiceExpensesAmt03451176
IRS990/TotalProgramServiceRevenueAmt00
IRS990/TotalReportableCompFromOrgAmt05500
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt00

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