Civic Intelligence

Lead Education Foundation

EIN 82-3528049 • 501(c)3 • Montgomery, AL

Profile

To start a charter school in montgomery, al that will provide innocative programs designed to spark curiosity, maximize leraning potential, and continuously improve student achievement by empowering students with 21st century skills.

2897 Eastern BoulevardMontgomery, AL 36116

leadacademyal.org

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

98th percentile

1.44x

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

501(c)3 • $5M-$10M nonprofits • Source year 2021

Liabilities / Revenue

68th percentile

0.36x

Higher debt load relative to revenue than 68% of similar nonprofits.

501(c)3 • $5M-$10M nonprofits • Source year 2021

Net Margin

20th percentile

-10.0%

Higher net margin than 20% of similar nonprofits.

501(c)3 • $5M-$10M nonprofits • Source year 2021

Top Officer Pay

30th percentile

$0

Higher top officer pay than 30% of similar nonprofits.

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

501(c)3 • $5M-$10M nonprofits • Source year 2021

Asset Growth

96th percentile

109%

Faster asset growth than 96% of similar nonprofits.

501(c)3 • $5M-$10M nonprofits • Annualized from 2020 to 2021

Revenue Growth

88th percentile

61%

Faster revenue growth than 88% of similar nonprofits.

501(c)3 • $5M-$10M nonprofits • Annualized from 2020 to 2021

Balance Sheet
Liabilities / Assets98th percentile

Assets

Up

$1,341,745

Up $699,050 (+109%) from 2020

Liabilities

Up

$1,925,511

Up $1,294,145 (+205%) from 2020

Net Assets

Down

-$583,766

Down $595,095 (-5253%) from 2020

Operations
Liabilities / Revenue68th percentileNet Margin20th percentile

Revenue

Up

$5,385,239

Up $2,030,543 (+61%) from 2020

Expenses

Up

$5,922,654

Up $2,658,468 (+81%) from 2020

Net Income

Down

-$537,415

Down $627,925 (-694%) from 2020

Trend Graphs

Balance Sheet Trend

Asset Growth96th percentile

Grouped bars show assets, liabilities, and net assets across loaded filings.

$2.0M$1.0M$0-$1.0MAssets 2019: $275,927Liabilities 2019: $344,436Net Assets 2019: -$68,5092019Assets 2020: $642,695Liabilities 2020: $631,366Net Assets 2020: $11,3292020Assets 2021: $1,341,745Liabilities 2021: $1,925,511Net Assets 2021: -$583,7662021

Highlighted filing

2021

Assets$1,341,745
Liabilities$1,925,511
Net Assets-$583,766
Open 2021 Filing

Operations Trend

Revenue Growth88th percentile

Revenue, expenses, and net income by year, with the latest filing highlighted.

$6.0M$4.0M$2.0M$0-$2.0MRevenue 2019: $719,163Expenses 2019: $794,346Net Income 2019: -$75,1832019Revenue 2020: $3,354,696Expenses 2020: $3,264,186Net Income 2020: $90,5102020Revenue 2021: $5,385,239Expenses 2021: $5,922,654Net Income 2021: -$537,4152021

Highlighted filing

2021

Revenue$5,385,239
Expenses$5,922,654
Net Income-$537,415
Open 2021 Filing

Filings

Most recent year

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

Open filing
Assets
$1,341,745
Liabilities
$1,925,511
Net assets
-$583,766
Revenue
$5,385,239
Expenses
$5,922,654
Net income
-$537,415
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2021Detailed filing. Detailed filing data is available for this year.$1.34$1.93$0.58$5.39$5.92$0.54
2020Detailed filing. Detailed filing data is available for this year.$0.64$0.63$0.01$3.35$3.26$0.09
2019Detailed filing. Detailed filing data is available for this year.$0.28$0.34$0.07$0.72$0.79$0.08
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Oct 1, 2020 to Sep 30, 2021
Signed
Aug 15, 2022
Return Version
2020v4.0
Gross Receipts
$5,385,239
Mission and Program Overview

Mission

To start a charter school in montgomery, al that will provide innocative programs designed to spark curiosity, maximize leraning potential, and continuously improve student achievement by empowering students with 21st century skills.

To improve educational outcomes in the river region for k-12 students by starting and growing high quality charter schools.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$375,437$676,577▲ $301,140
Pledges and Grants Receivable-$549,846-
Accounts Receivable$117,779--
Land, Buildings, and Equipment, Net$147,449$114,483▼ $32,966
Inventories for Sale or Use$319$319→ $0
Rtn Earn Endowment Incm Other Fnds$11,329$-583,766▼ $595,095
Total Assets$642,695$1,341,745▲ $699,050
Other Assets Total$1,711$520▼ $1,191
Liabilities
Unsecured Notes Loans Payable$321,100$1,510,457▲ $1,189,357
Accounts Payable and Accrued Expenses$45,186$224,266▲ $179,080
Other Liabilities$182,287$190,788▲ $8,501
Deferred Revenue$82,793--
Total Liabilities$631,366$1,925,511▲ $1,294,145
Net Assets / Fund Balance
Total Net Assets Fund Balance$11,329$-583,766▼ $595,095
Total Liabilities and Net Assets / Fund Balance$642,695$1,341,745▲ $699,050

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$114,483$57,652$172,135
Compensation and Service Providers
Top Officer Pay30th percentile

Board Members and Trustees

NameTitle
Charlotte MeadowsPresident
Ben FarrowBoard Member
Ryan CantrellBoard Member
Sonya MccallBoard Member
Walter WoodBoard Member
William GreenBoard Member
Lori WhiteSecretary
Revenue and Support

Revenue Composition

Contributions and Grants
$5,060,251
Program Service Revenue
$2,825
Investment Income
$0
Other Revenue
$322,163
All Other Contributions
$28,180
Change in Net Assets
$-537,415
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$3,338,192
Salaries, Compensation, and Employee Benefits$2,584,462
Total Fundraising Expense$2,446
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$2,207,546--$2,207,546
Occupancy$592,391--$592,391
Fees for Services Other$356,520--$356,520
Other Employee Benefits$215,685--$215,685
Payroll Taxes$161,231--$161,231
Office Expenses$137,008$2,757-$139,765
Information Technology$52,089--$52,089
Insurance$39,488--$39,488
Depreciation Depletion$32,966--$32,966
Fees for Services Accounting$14,826--$14,826
Travel$11,071--$11,071
Advertising$2,928$1,165-$4,093
Other Expenses$246,011-$2,446$2,446
Conferences and Meetings$750--$750
Fees for Services Legal-$666-$666
Total Functional Expenses$5,915,620$4,588$2,446$5,922,654
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
Salaries & Benefits Payable$190,788
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
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
Yes
Other officer compensation reviewed
Yes
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, Page 6, Part VI, Line 11B

“The form 990 and all schedules will be sent to the board prior to the 990 being filed with the irs. The board chair will answer any questions.”

Form 990, Page 6, Part VI, Line 12C

“The original charter application has a conflict of interest policy. It is reviewed annually with all board members and ethics forms are completed annually, as well as a statement of economic interests. The policy is on the school website as well as a hard copy available at the school.”

Form 990, Page 6, Part VI, Line 15A

“Compensation is determined by reviewing the potential employee's skills, past job salary, degree, and qualifications as well as comparison to other positions in alabama in the same or similar job and ability level. Officers are not currently compensated.”

Form 990, Page 6, Part VI, Line 15B

“Compensation was determined by reviewing the potential employee's skills, past job salary, degree, and qualifications as well as comparison to other positions in al in the same or similar job and ability level. Officers are not currently compensated.”

Form 990, Page 6, Part VI, Line 19

“Documents will be available on the organization's website and upon request.”

Filing and Contact Details

Filer

Filer Name
Lead Education Foundation
EIN
82-3528049
Phone
3344513127
Address
2897 EASTERN BOULEVARD, MONTGOMERY, AL 36116

Signing Officer

Name
Charlotte Meadows
Title
President
Phone
3344513127
Signed
2022-08-15

Organization Details

Principal Officer
Charlotte Meadows
Formed
2017
Legal Domicile
Al
Voting Board Members
4
Independent Board Members
4
Employees
89

Preparer

Firm
Richard Harris Ingram and Bozeman Pc
Address
7029 HALCYON PARK DRIVE, MONTGOMERY, AL 36117
Preparer
Lynne Bozeman
Phone
3342778135
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S MISSION

“Operate a charter school in montgomery, al providing innovative programs designed to spark curiosity, maximize learning potential, and continuously improve student achievement by empowering students with 21st century skills.”

Form 990, Page 5, Part V, Line 3B

“No taxable unrelated business income.”

Raw XML Appendix375 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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IRS990ScheduleE/MaintainCpyOfAllSolInd0true
IRS990ScheduleE/MaintainCpyOfBrochuresEtcInd0true
IRS990ScheduleE/MaintainRacialCompRecsInd0true
IRS990ScheduleE/MaintainScholarshipsRecsInd0true
IRS990ScheduleE/NondiscriminatoryPolicyStmtInd0true
IRS990ScheduleE/PlcyPblczdViaBroadcastMediaInd0true
IRS990ScheduleE/PolicyStmtInBrochuresEtcInd0true
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt0POLICY IS INCLUDED IN STUDENT HANDBOOK WHICH IS PUBLISHED AND AVAILABLE ON THE ACADEMY'S WEBSITE.
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt1LEAD ACADEMY RECEIVES FEDERAL AND STATE FUNDING FROM THE STATE OF ALABAMA.
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE E, LINE 3
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc1SCHEDULE E, LINE 6
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0OPERATE A CHARTER SCHOOL IN MONTGOMERY, AL PROVIDING INNOVATIVE PROGRAMS DESIGNED TO SPARK CURIOSITY, MAXIMIZE LEARNING POTENTIAL, AND CONTINUOUSLY IMPROVE STUDENT ACHIEVEMENT BY EMPOWERING STUDENTS WITH 21ST CENTURY SKILLS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1NO TAXABLE UNRELATED BUSINESS INCOME.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE FORM 990 AND ALL SCHEDULES WILL BE SENT TO THE BOARD PRIOR TO THE 990 BEING FILED WITH THE IRS. THE BOARD CHAIR WILL ANSWER ANY QUESTIONS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE ORIGINAL CHARTER APPLICATION HAS A CONFLICT OF INTEREST POLICY. IT IS REVIEWED ANNUALLY WITH ALL BOARD MEMBERS AND ETHICS FORMS ARE COMPLETED ANNUALLY, AS WELL AS A STATEMENT OF ECONOMIC INTERESTS. THE POLICY IS ON THE SCHOOL WEBSITE AS WELL AS A HARD COPY AVAILABLE AT THE SCHOOL.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4COMPENSATION IS DETERMINED BY REVIEWING THE POTENTIAL EMPLOYEE'S SKILLS, PAST JOB SALARY, DEGREE, AND QUALIFICATIONS AS WELL AS COMPARISON TO OTHER POSITIONS IN ALABAMA IN THE SAME OR SIMILAR JOB AND ABILITY LEVEL. OFFICERS ARE NOT CURRENTLY COMPENSATED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5COMPENSATION WAS DETERMINED BY REVIEWING THE POTENTIAL EMPLOYEE'S SKILLS, PAST JOB SALARY, DEGREE, AND QUALIFICATIONS AS WELL AS COMPARISON TO OTHER POSITIONS IN AL IN THE SAME OR SIMILAR JOB AND ABILITY LEVEL. OFFICERS ARE NOT CURRENTLY COMPENSATED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6DOCUMENTS WILL BE AVAILABLE ON THE ORGANIZATION'S WEBSITE AND UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990 - ORGANIZATION'S MISSION
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 5, PART V, LINE 3B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PAGE 6, PART VI, LINE 15A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PAGE 6, PART VI, LINE 15B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990, PAGE 6, PART VI, LINE 19
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IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt0642695
IRS990/TotalAssetsEOYAmt01341745
IRS990/TotalAssetsGrp/BOYAmt0642695
IRS990/TotalAssetsGrp/EOYAmt01341745
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt05060251
IRS990/TotalEmployeeCnt089
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt02446
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt04588
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt05915620
IRS990/TotalFunctionalExpensesGrp/TotalAmt05922654
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0631366
IRS990/TotalLiabilitiesEOYAmt01925511
IRS990/TotalLiabilitiesGrp/BOYAmt0631366
IRS990/TotalLiabilitiesGrp/EOYAmt01925511
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt011329
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0-583766
IRS990/TotalProgramServiceExpensesAmt05915620
IRS990/TotalProgramServiceRevenueAmt02825
IRS990/TotalRevenueGrp/ExclusionAmt0322163
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt02825
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt05385239
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0642695
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt01341745
IRS990/TravelGrp/ProgramServicesAmt011071
IRS990/TravelGrp/TotalAmt011071
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UnsecuredNotesLoansPayableGrp/BOYAmt0321100
IRS990/UnsecuredNotesLoansPayableGrp/EOYAmt01510457
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0539 PADDOCK LANE
IRS990/USAddress/CityNm0MONTGOMERY
IRS990/USAddress/StateAbbreviationCd0AL
IRS990/USAddress/ZIPCd036109
IRS990/VotingMembersGoverningBodyCnt04
IRS990/VotingMembersIndependentCnt04
IRS990/WebsiteAddressTxt0LEADACADEMYAL.ORG
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02022-09-23 18:48:47Z
ReturnHeader/BusinessOfficerGrp/PersonNm0CHARLOTTE MEADOWS
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum03344513127
ReturnHeader/BusinessOfficerGrp/SignatureDt02022-08-15
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0LEAD EDUCATION FOUNDATION
ReturnHeader/Filer/BusinessNameControlTxt0LEAD
ReturnHeader/Filer/EIN0823528049
ReturnHeader/Filer/PhoneNum03344513127
ReturnHeader/Filer/USAddress/AddressLine1Txt02897 EASTERN BOULEVARD
ReturnHeader/Filer/USAddress/CityNm0MONTGOMERY
ReturnHeader/Filer/USAddress/StateAbbreviationCd0AL
ReturnHeader/Filer/USAddress/ZIPCd036116
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0631019880
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0RICHARD HARRIS INGRAM AND BOZEMAN PC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt07029 HALCYON PARK DRIVE
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0MONTGOMERY
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0AL
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd036117
ReturnHeader/PreparerPersonGrp/PhoneNum03342778135
ReturnHeader/PreparerPersonGrp/PreparationDt02022-08-15
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0LYNNE BOZEMAN
ReturnHeader/ReturnTs02022-08-15T18:01:49-04:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0CHARLOTTE
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0MEADOWS
ReturnHeader/TaxPeriodBeginDt02020-10-01
ReturnHeader/TaxPeriodEndDt02021-09-30
ReturnHeader/TaxYr02020

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