Civic Intelligence

Lead Education Foundation

990 • Fiscal year 2019 • EIN 82-3528049

Oct 01, 2018 to Sep 30, 2019 • Filed on Aug 14, 2020

Organization ProfileLEADACADEMYAL.ORG
2897 Eastern BoulevardMontgoemry, AL 36116

(334) 451-3127

Siviq Scores

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

Liabilities / Assets

95th percentile

1.25x

Higher debt load relative to assets than 95% of similar nonprofits.

2019 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2019

Liabilities / Revenue

85th percentile

0.48x

Higher debt load relative to revenue than 85% of similar nonprofits.

2019 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2019

Net Margin

20th percentile

-10%

Higher net margin than 20% of similar nonprofits.

2019 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2019

Top Officer Pay

50th percentile

$0

Higher top officer pay than 50% of similar nonprofits.

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

2019 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2019

Asset Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2019

Revenue Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2019

Balance Sheet
Liabilities / Assets95th percentile

Assets

$275,927

No earlier filing loaded for comparison.

Net Assets

-$68,509

No earlier filing loaded for comparison.

Liabilities

$344,436

No earlier filing loaded for comparison.

Revenue And Expenses
Liabilities / Revenue85th percentileNet Margin20th percentile

Revenue

$719,163

No earlier filing loaded for comparison.

Expenses

$794,346

No earlier filing loaded for comparison.

Net Income

-$75,183

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

Asset GrowthScore unavailable

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

$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

2019

Assets$275,927
Liabilities$344,436
Net Assets-$68,509
Open 2019 Filing

Operations Trend

Revenue GrowthScore unavailable

Revenue, expenses, and net income across loaded years, with this 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

2019

Revenue$719,163
Expenses$794,346
Net Income-$75,183
Open 2019 Filing
Jump To
Filing Snapshot
Filing Period
Oct 1, 2018 to Sep 30, 2019
Signed
Aug 14, 2020
Return Version
2018v3.2
Gross Receipts
$719,163
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$6,674$175,398▲ $168,724
Land, Buildings, and Equipment, Net-$97,029-
Accounts Receivable-$3,500-
Rtn Earn Endowment Incm Other Fnds$6,674$-68,509▼ $75,183
Total Assets$6,674$275,927▲ $269,253
Liabilities
Accounts Payable and Accrued Expenses-$224,739-
Other Liabilities-$86,981-
Unsecured Notes Loans Payable-$32,716-
Total Liabilities$0$344,436▲ $344,436
Net Assets / Fund Balance
Total Net Assets Fund Balance$6,674$-68,509▼ $75,183
Total Liabilities and Net Assets / Fund Balance$6,674$275,927▲ $269,253

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$97,029$3,078$100,107
Compensation and Service Providers
Top Officer Pay50th percentile

Board Members and Trustees

NameTitle
Charlotte MeadowsChairman
William GreenBoard Member
Lori WhiteSecretary
Ryan CantrellTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$714,732
Program Service Revenue
$4,431
Investment Income
$0
Other Revenue
$0
All Other Contributions
$268,478
Change in Net Assets
$-75,183
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$447,932
Salaries, Compensation, and Employee Benefits$346,414
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$305,345--$305,345
Office Expenses$172,605$4,221-$176,826
Information Technology$99,154$70-$99,224
Fees for Services Management$64,789--$64,789
Other Employee Benefits$23,800--$23,800
Payroll Taxes$17,269--$17,269
Fees for Services Legal$2,091$12,056-$14,147
Insurance$7,274$5,061-$12,335
Fees for Services Accounting$9,720--$9,720
Travel$4,620$808-$5,428
Other Expenses$3,777--$3,777
Depreciation Depletion$3,078--$3,078
Fees for Services Other$1,030--$1,030
Advertising$325$650-$975
Interest$472--$472
Total Functional Expenses$771,480$22,866$0$794,346
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$86,981
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
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 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 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, MONTGOEMRY, AL 36116

Signing Officer

Name
Charlotte Meadows
Title
Chairman
Phone
3344513127
Signed
2020-08-14

Organization Details

Principal Officer
Charlotte Meadows
Formed
2017
Legal Domicile
Al
Voting Board Members
4
Independent Board Members
4
Employees
0
Volunteers
40

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

“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.”

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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/SupplementalInformationDetail/ExplanationTxt0POLICY IS INCLUDED IN STUDENT HANDBOOK WHICH IS PUBLISHED AND AVAILABLE ON THE ACADEMY'S WEBSITE.
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt1LEAD ACADEMY RECEIVES FUNDING FROM THE STATE OF ALABAMA.
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0TO 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.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE 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/ExplanationTxt2THE 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/ExplanationTxt3COMPENSATION 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/ExplanationTxt4COMPENSATION 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/ExplanationTxt5DOCUMENTS WILL BE AVAILABLE ON THE ORGANIZATION'S WEBSITE AND UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990 - ORGANIZATION'S MISSION
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 12C
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IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PAGE 6, PART VI, LINE 15B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PAGE 6, PART VI, LINE 19
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IRS990/TotalLiabilitiesGrp/EOYAmt0344436
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt06674
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0-68509
IRS990/TotalProgramServiceExpensesAmt0771480
IRS990/TotalProgramServiceRevenueAmt04431
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt04431
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0719163
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IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0275927
IRS990/TravelGrp/ManagementAndGeneralAmt0808
IRS990/TravelGrp/ProgramServicesAmt04620
IRS990/TravelGrp/TotalAmt05428
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UnsecuredNotesLoansPayableGrp/EOYAmt032716
IRS990/UponRequestInd0X
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IRS990/USAddress/CityNm0MONTGOMERY
IRS990/USAddress/StateAbbreviationCd0AL
IRS990/USAddress/ZIPCd036109
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IRS990/VotingMembersIndependentCnt04
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IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02020-09-23 17:36:50Z
ReturnHeader/BusinessOfficerGrp/PersonNm0CHARLOTTE MEADOWS
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0CHAIRMAN
ReturnHeader/BusinessOfficerGrp/PhoneNum03344513127
ReturnHeader/BusinessOfficerGrp/SignatureDt02020-08-14
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0LEAD EDUCATION FOUNDATION
ReturnHeader/Filer/BusinessNameControlTxt0LEAD
ReturnHeader/Filer/EIN0823528049
ReturnHeader/Filer/PhoneNum03344513127
ReturnHeader/Filer/USAddress/AddressLine1Txt02897 EASTERN BOULEVARD
ReturnHeader/Filer/USAddress/CityNm0MONTGOEMRY
ReturnHeader/Filer/USAddress/StateAbbreviationCd0AL
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ReturnHeader/FilingSecurityInformation/AtSubmissionCreationDeviceId0A91DC9253565DBA91F41A571A30227E430E60CBE
ReturnHeader/FilingSecurityInformation/AtSubmissionFilingDeviceId03B3668FC07F669EB01645B12AE10E2D77672ACBA
ReturnHeader/FilingSecurityInformation/FilingLicenseTypeCd0P
ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt075.76.185.141
ReturnHeader/FilingSecurityInformation/IPDt02020-08-17
ReturnHeader/FilingSecurityInformation/IPTimezoneCd0CD
ReturnHeader/FilingSecurityInformation/IPTm010:13:50
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/PreparationDt02020-08-17
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0LYNNE BOZEMAN
ReturnHeader/ReturnTs02020-08-17T10:13:50-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02018-10-01
ReturnHeader/TaxPeriodEndDt02019-09-30
ReturnHeader/TaxYr02018

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2019 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$275,927
Liabilities
$344,436
Net assets
-$68,509
Revenue
$719,163
Expenses
$794,346
Net income
-$75,183
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