Civic Intelligence

Leaders in Tech Inc.

990 • Fiscal year 2020 • EIN 82-2388862

Jan 01, 2020 to Dec 31, 2020 • Filed on Nov 05, 2021

12 Grace St Suite 300San Francisco, CA 94103

(415) 577-9765

Siviq Scores

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

Liabilities / Assets

29th percentile

0.02x

Higher debt load relative to assets than 29% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Liabilities / Revenue

25th percentile

0.02x

Higher debt load relative to revenue than 25% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Net Margin

85th percentile

37%

Higher net margin than 85% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Top Officer Pay

74th percentile

$113,575

Higher top officer pay than 74% of similar nonprofits.

Top officer pay equals 8.6% of source-year revenue.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Asset Growth

83rd percentile

40%

Faster asset growth than 83% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2019 to 2020

Revenue Growth

68th percentile

13%

Faster revenue growth than 68% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2019 to 2020

Assets

Up

$1,616,041

Up $462,436 (+40%) from 2019

Net Assets

Up

$1,590,996

Up $495,360 (+45%) from 2019

Liabilities

Down

$25,045

Down $32,924 (-57%) from 2019

Revenue

Up

$1,323,023

Up $148,888 (+13%) from 2019

Expenses

Down

$827,688

Down $454,780 (-35%) from 2019

Net Income

Up

$495,335

Up $603,668 (+557%) from 2019

Historical Trend

Balance Sheet Trend

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

$3.0M$2.0M$1.0M$0Assets 2017: $682,057Liabilities 2017: $0Net Assets 2017: $682,0572017Assets 2018: $1,377,899Liabilities 2018: $173,930Net Assets 2018: $1,203,9692018Assets 2019: $1,153,605Liabilities 2019: $57,969Net Assets 2019: $1,095,6362019Assets 2020: $1,616,041Liabilities 2020: $25,045Net Assets 2020: $1,590,9962020Assets 2021: $1,744,099Liabilities 2021: $76,790Net Assets 2021: $1,667,3092021Assets 2022: $1,225,484Liabilities 2022: $108,449Net Assets 2022: $1,117,0352022Assets 2023: $1,357,193Liabilities 2023: $685,654Net Assets 2023: $671,5392023Assets 2024: $2,597,912Liabilities 2024: $673,063Net Assets 2024: $1,924,8492024

Highlighted filing

2020

Assets$1,616,041
Liabilities$25,045
Net Assets$1,590,996

Operations Trend

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

$4.0M$2.0M$0-$2.0MRevenue 2017: $688,880Expenses 2017: $6,823Net Income 2017: $682,0572017Revenue 2018: $1,147,598Expenses 2018: $734,375Net Income 2018: $413,2232018Revenue 2019: $1,174,135Expenses 2019: $1,282,468Net Income 2019: -$108,3332019Revenue 2020: $1,323,023Expenses 2020: $827,688Net Income 2020: $495,3352020Revenue 2021: $1,021,405Expenses 2021: $945,092Net Income 2021: $76,3132021Revenue 2022: $1,455,519Expenses 2022: $1,890,257Net Income 2022: -$434,7382022Revenue 2023: $1,655,393Expenses 2023: $2,082,445Net Income 2023: -$427,0522023Revenue 2024: $3,587,773Expenses 2024: $2,341,619Net Income 2024: $1,246,1542024

Highlighted filing

2020

Revenue$1,323,023
Expenses$827,688
Net Income$495,335
Jump To
Filing Snapshot
Filing Period
Jan 1, 2020 to Dec 31, 2020
Signed
Nov 5, 2021
Return Version
2020v4.0
Gross Receipts
$1,323,023
Mission and Program Overview

Mission

To create educational leadership programs for executives in the tech startup sector, to create initiatives for increased gender equality in the tech startup sector, and to engage in other charitable and educational activities within the meaning of Section 501(c)(3) of the internal Revenue Code.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$911,967$1,609,125▲ $697,158
Accounts Receivable$231,904$500▼ $231,404
Savings and Temporary Cash Investments-$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$1,153,605$1,616,041▲ $462,436
Other Assets Total$9,734$6,416▼ $3,318
Liabilities
Accounts Payable and Accrued Expenses$57,969$25,045▼ $32,924
Total Liabilities$57,969$25,045▼ $32,924
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$1,058,411$1,577,841▲ $519,430
Net Assets With Donor Restrictions$37,225$13,155▼ $24,070
Total Net Assets Fund Balance$1,095,636$1,590,996▲ $495,360
Total Liabilities and Net Assets / Fund Balance$1,153,605$1,616,041▲ $462,436
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Hannah KnappHead of OperationsPT$113,575$113,575

Board Members and Trustees

NameTitle
Suyeon KhimCEO-Exec Director
David HornikSecretary
Sam YaganTreasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
In WhackConsulting/Mgmt2225 E Bayshore Rd 237, Palo Alto, CA 94303$187,000
-Consulting/Mgmt1419 Cordilleras Ave, San Carlos, CA 94070$100,900
Revenue and Support

Revenue Composition

Contributions and Grants
$1,129,750
Program Service Revenue
$294,200
Investment Income
$14
Other Revenue
$-100,941
All Other Contributions
$1,129,750
Change in Net Assets
$495,335
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$622,356
Salaries, Compensation, and Employee Benefits$205,332
Total Fundraising Expense$2,117
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Other$359,989$593$5$360,587
Other Salaries and Wages$138,856$44,434$1,851$185,141
Occupancy$113,451$68,060-$181,511
All Other Expenses$8,412$7,431-$15,843
Payroll Taxes$11,843$2,447$102$14,392
Fees for Services Legal$7,177$718$80$7,975
Fees for Services Accounting-$6,361-$6,361
Other Employee Benefits$4,349$1,392$58$5,799
Office Expenses$3,743$1,986-$5,729
Other Expenses$5,603$72$21$5,675
Advertising$4,809--$4,809
Travel$730--$730
Total Functional Expenses$668,282$157,289$2,117$827,688
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
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
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
No
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

Form 990, Part VI, Line 11b - Organization's Process to Review Form 990: Form 990 is reviewed by the CEO.

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

Form 990, Part VI, Line 19 - Governing Documents Disclosure Explanation: Governing documents, policies, and financial statements are available upon request.

Filing and Contact Details

Filer

Filer Name
Leaders in Tech Inc
EIN
82-2388862
Phone
4155779765
Address
12 Grace St Suite 300, San Francisco, CA 94103

Signing Officer

Name
Chase Adam
Title
Executive Director
Signed
2021-11-05
Discuss with paid preparer
Yes

Organization Details

Formed
2017
Legal Domicile
CA
Voting Board Members
3
Independent Board Members
3
Employees
3
Volunteers
1

Preparer

Firm
DePretis CPAs Inc
Address
6700 Koll Center Pkwy Ste 160, Pleasanton, CA 94566
Preparer
Colleen A Hornbacker CPA
Phone
9256008500
Supplemental Narrative

Additional Explanations

Other Changes In Net Assets Or Fund Balances - Other Increases

Change in prior year net assets = $25

Other Changes In Net Assets Or Fund Balances - Other Increases

Fiscal Sponsor-Restricted Net Assets of InnerSpace Ldrshp = $0

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IRS990/Desc0To create educational leadership programs for male and female executives in the tech startup sector and to create initiatives for increased education in gender equality in the tech startup sector. The Leaders in Tech Fellows Program is a one-year full scholarship program for a curated croup of diverse leaders of high growth tech companies who are committed to building high-performing and culturally healthy organizations. Community goals are to: 1) foster an intimate environment where tech leaders support each other in addressing their most pressing challenges; 2) provide a venue for each participant to become more interpersonally influential and skilled as a leader; 3) Build a diverse community; and 4) build a values-aligned community of community-minded, humanistic servant leaders. In 2020, Leaders in Tech admitted 24 fellows in one cohort. The Leaders in Tech Intensive Retreats are 4-day intensive retreats that offer a taste of the Leaders in Tech Fellows program and is open to founders, executives, and venture capitalists. In 2020, Leaders in Tech did not hold any intensive retreats due to COVID. The Leaders in Tech Interpersonal Dynamics Online Intensives for Executive Leaders are online programs that offer a taste of the Leaders in Tech Fellows program and are open to founders and executives. In 2020, two Online Intensives were held that included 20 participants out of over 100 applicants. The Leaders in Tech Continuation Program for Fellow Graduates facilitates monthly meetings and periodic events for participants who have completed the Follows Program. In 2020, Leaders in Tech launched one peer group for 10 Fellows Graduates. Due to COVID, no other events were held.
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IRS990/ProgSrvcAccomActy2Grp/Desc0We act as the fiscal sponsor for InnerSpace Leadership Community which led leadership retreats for startup executives. The purpose of the retreats is to help participating executives develop emotional intelligence. Their intention is to provide executives with the tools and insights they need to become more effective and compassionate leaders in their companies. In 2020, they ran no retreats or other programs.
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Form 990, Part VI, Line 19 - Governing Documents Disclosure Explanation: Governing documents, policies, and financial statements are available upon request.
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