Civic Intelligence

Ilead Spring Meadows

990 • Fiscal year 2022 • EIN 81-1826586

Jul 01, 2021 to Jun 30, 2022 • Filed on Apr 05, 2023

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

98th percentile

1.38x

Higher debt load relative to assets than 98% of similar nonprofits.

2022 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2022

Liabilities / Revenue

94th percentile

5.18x

Higher debt load relative to revenue than 94% of similar nonprofits.

2022 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2022

Net Margin

8th percentile

-35%

Higher net margin than 8% of similar nonprofits.

2022 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2022

Top Officer Pay

14th percentile

$1,125

Higher top officer pay than 14% of similar nonprofits.

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

2022 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2022

Asset Growth

99th percentile

481%

Faster asset growth than 99% of similar nonprofits.

2022 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2021 to 2022

Revenue Growth

31st percentile

-6.3%

Faster revenue growth than 31% of similar nonprofits.

2022 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2021 to 2022

Assets

Up

$10,461,357

Up $8,659,354 (+481%) from 2021

Net Assets

Down

-$4,023,930

Down $970,168 (-32%) from 2021

Liabilities

Up

$14,485,287

Up $9,629,522 (+198%) from 2021

Revenue

Down

$2,795,259

Down $188,156 (-6.3%) from 2021

Expenses

Up

$3,765,427

Up $314,251 (+9.1%) from 2021

Net Income

Down

-$970,168

Down $502,407 (-107%) from 2021

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

2022

Assets$10,461,357
Liabilities$14,485,287
Net Assets-$4,023,930

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

2022

Revenue$2,795,259
Expenses$3,765,427
Net Income-$970,168
Jump To
Filing Snapshot
Filing Period
Jul 1, 2021 to Jun 30, 2022
Signed
Apr 5, 2023
Return Version
2021v4.0
Gross Receipts
$2,795,259
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
Land, Buildings, and Equipment, Net$8,644,591$8,373,229▼ $271,362
Cash and Non-Interest-Bearing Accounts$111,937$312,584▲ $200,647
Pledges and Grants Receivable$247,327$7,520▼ $239,807
Prepaid Expenses and Deferred Charges$34,287$3,700▼ $30,587
Total Assets$10,415,435$10,461,357▲ $45,922
Other Assets Total$1,377,293$1,764,324▲ $387,031
Liabilities
Other Liabilities$11,819,331$12,645,961▲ $826,630
Accounts Payable and Accrued Expenses$713,395$902,745▲ $189,350
Unsecured Notes Loans Payable$659,858$664,463▲ $4,605
Mortgage Notes Payable Secured by Investment Property$276,613$272,118▼ $4,495
Total Liabilities$13,469,197$14,485,287▲ $1,016,090
Net Assets / Fund Balance
Net Assets With Donor Restrictions$0$0→ $0
Net Assets Without Donor Restrictions$-3,053,762$-4,023,930▼ $970,168
Total Net Assets Fund Balance$-3,053,762$-4,023,930▼ $970,168
Total Liabilities and Net Assets / Fund Balance$10,415,435$10,461,357▲ $45,922

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$8,327,904$285,528$0
Other Land Buildings$0$0$0
Land$0-$0
Equipment$7,651$156,051$0
Leasehold Improvements$37,674$92,615$0
Other Assets Org$158,266--
Compensation and Service Providers

Employees

NameTitleBaseTotal
LaTanya WilsonVice Chairman$1,125$1,125
Raina DawsonBoard Member$1,125$1,125
David ShockBoard Member$750$750
Rahni MurphyBoard Member$500$500
Tricia MaasselBoard Member$500$500
Josiah LesleyBoard Member$375$375
Brian JonesBoard Member$125$125

Highest Paid Contractors

ContractorServicesLocationCompensation
RM iLEAD Spring Meadows LLCRent746 E Winchester ST, Ste 150, Murray, UT 84107$275,449
Marker Learning NetworkSupport Services950 E Palmdale Blvd, Ste E, Pamdale, CA 93550$207,803
Revenue and Support

Revenue Composition

Contributions and Grants
$2,795,259
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$0
All Other Contributions
$2,795,259
Change in Net Assets
$-970,168

Audited Revenue Reconciliation

Revenue per Audited Statements
$2,795,259
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Other Revenue Adjustments
$0
Total Revenue per Audited Statements
$2,795,259
Total Revenue per Form 990
$2,795,259
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$2,020,409
Salaries, Compensation, and Employee Benefits$1,745,018
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$1,313,813--$1,313,813
Interest$811,769--$811,769
Other Employee Benefits$431,205--$431,205
Fees for Services Other$412,689--$412,689
Depreciation Depletion$306,747--$306,747
Other Expenses$94,957$0$0$94,957
Occupancy$85,581--$85,581
Fees for Services Accounting$46,900--$46,900
All Other Expenses$37,925--$37,925
Fees for Services Legal$36,000--$36,000
Insurance$18,122--$18,122
Advertising$9,182--$9,182
Total Functional Expenses$3,765,427$0$0$3,765,427

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$3,765,427
Total Expenses per Audited Statements$3,765,427
Total Expenses per Form 990$3,765,427
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
Non Current Portion of Long Term Debt$9,800,180
Deferred Inflows of Resources - Pension$1,283,242
Net Pension Liability$1,164,780
Deferred Inflows of Resources - OPEB$388,019
Net OPEB Liability$9,740
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
2023-04-05

Organization Details

Principal Officer
C David Massa
Formed
2016
Legal Domicile
Oh
Voting Board Members
7
Independent Board Members
7
Employees
44
Volunteers
0
Supplemental Narrative

Additional Explanations

Form 990, Part IX, Line 11G

All other professional and technical services provided.

Raw XML AppendixShowing 400 of 452 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.

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IRS990/OtherLiabilitiesGrp/EOYAmt012645961
IRS990/OtherRevenueTotalAmt00
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt01313813
IRS990/OtherSalariesAndWagesGrp/TotalAmt01313813
IRS990/PartialLiquidationInd00
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt0247327
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt07520
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt034287
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt03700
IRS990/PrincipalOfficerNm0C David Massa
IRS990/PriorPeriodAdjustmentsAmt00
IRS990/ProfessionalFundraisingInd00
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt02983415
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt00
IRS990/PYOtherExpensesAmt01518712
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt00
IRS990/PYRevenuesLessExpensesAmt0-467761
IRS990/PYSalariesCompEmpBnftPaidAmt01932464
IRS990/PYTotalExpensesAmt03451176
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt02983415
IRS990/ReconcilationRevenueExpnssAmt0-970168
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/RevenueAmt02795259
IRS990ScheduleA/SchoolInd0X
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/BuildingsGrp/BookValueAmt08327904
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0285528
IRS990ScheduleD/BuildingsGrp/InvestmentCostOrOtherBasisAmt08613432
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt00
IRS990ScheduleD/DonatedServicesAndUseFcltsAmt00
IRS990ScheduleD/DonatedServicesUseFcltsAmt00
IRS990ScheduleD/EquipmentGrp/BookValueAmt07651
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0156051
IRS990ScheduleD/EquipmentGrp/InvestmentCostOrOtherBasisAmt0163702
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt00
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt03765427
IRS990ScheduleD/FederalIncomeTaxLiabilityAmt00
IRS990ScheduleD/InvestmentExpensesNotIncld2Amt00
IRS990ScheduleD/InvestmentExpensesNotIncldAmt00
IRS990ScheduleD/LandGrp/BookValueAmt00
IRS990ScheduleD/LandGrp/InvestmentCostOrOtherBasisAmt00
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt00
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt037674
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt092615
IRS990ScheduleD/LeaseholdImprovementsGrp/InvestmentCostOrOtherBasisAmt0130289
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt00
IRS990ScheduleD/LossesReportedAmt00
IRS990ScheduleD/NetUnrealizedGainsInvstAmt00
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt0192403
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt11413655
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt2158266
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/BookValueAmt00
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt00
IRS990ScheduleD/OtherLandBuildingsGrp/InvestmentCostOrOtherBasisAmt00
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt00
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt09800180
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt11164780
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt29740
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt31283242
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt4388019
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/RevenueSubtotalAmt02795259
IRS990ScheduleD/TotalBookValueLandBuildingsAmt08373229
IRS990ScheduleD/TotalBookValueOtherAssetsAmt01764324
IRS990ScheduleD/TotalExpensesPerForm990Amt03765427
IRS990ScheduleD/TotalLiabilityAmt012645961
IRS990ScheduleD/TotalRevenuePerForm990Amt02795259
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt02795259
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt03765427
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/ExplanationTxt3All other professional and technical services provided.
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
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part IX, Line 11g
IRS990/SchoolOperatingInd01
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt010415435
IRS990/TotalAssetsEOYAmt010461357
IRS990/TotalAssetsGrp/BOYAmt010415435
IRS990/TotalAssetsGrp/EOYAmt010461357
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt02795259
IRS990/TotalEmployeeCnt044
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt00
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt03765427
IRS990/TotalFunctionalExpensesGrp/TotalAmt03765427
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt013469197
IRS990/TotalLiabilitiesEOYAmt014485287
IRS990/TotalLiabilitiesGrp/BOYAmt013469197
IRS990/TotalLiabilitiesGrp/EOYAmt014485287
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0-3053762

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