Civic Intelligence

Lead Education Foundation

990 • Fiscal year 2020 • EIN 82-3528049

Oct 01, 2019 to Sep 30, 2020 • Filed on Aug 12, 2021

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

92nd percentile

0.98x

Higher debt load relative to assets than 92% of similar nonprofits.

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

Liabilities / Revenue

58th percentile

0.19x

Higher debt load relative to revenue than 58% of similar nonprofits.

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

Net Margin

44th percentile

2.7%

Higher net margin than 44% of similar nonprofits.

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

Top Officer Pay

37th percentile

$0

Higher top officer pay than 37% of similar nonprofits.

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

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

Asset Growth

94th percentile

133%

Faster asset growth than 94% of similar nonprofits.

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

Revenue Growth

98th percentile

366%

Faster revenue growth than 98% of similar nonprofits.

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

Balance Sheet
Liabilities / Assets92nd percentile

Assets

Up

$642,695

Up $366,768 (+133%) from 2019

Net Assets

Up

$11,329

Up $79,838 (+117%) from 2019

Liabilities

Up

$631,366

Up $286,930 (+83%) from 2019

Revenue And Expenses
Liabilities / Revenue58th percentileNet Margin44th percentile

Revenue

Up

$3,354,696

Up $2,635,533 (+366%) from 2019

Expenses

Up

$3,264,186

Up $2,469,840 (+311%) from 2019

Net Income

Up

$90,510

Up $165,693 (+220%) from 2019

Historical Trend

Balance Sheet Trend

Asset Growth94th percentile

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

2020

Assets$642,695
Liabilities$631,366
Net Assets$11,329
Open 2020 Filing

Operations Trend

Revenue Growth98th percentile

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

2020

Revenue$3,354,696
Expenses$3,264,186
Net Income$90,510
Open 2020 Filing
Jump To
Filing Snapshot
Filing Period
Oct 1, 2019 to Sep 30, 2020
Signed
Aug 12, 2021
Return Version
2019v5.0
Gross Receipts
$3,354,696
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$175,398$375,437▲ $200,039
Land, Buildings, and Equipment, Net$97,029$147,449▲ $50,420
Accounts Receivable$3,500$117,779▲ $114,279
Rtn Earn Endowment Incm Other Fnds$-68,509$11,329▲ $79,838
Inventories for Sale or Use-$319-
Total Assets$275,927$642,695▲ $366,768
Other Assets Total-$1,711-
Liabilities
Unsecured Notes Loans Payable$32,716$321,100▲ $288,384
Other Liabilities$86,981$182,287▲ $95,306
Deferred Revenue-$82,793-
Accounts Payable and Accrued Expenses$224,739$45,186▼ $179,553
Total Liabilities$344,436$631,366▲ $286,930
Net Assets / Fund Balance
Total Net Assets Fund Balance$-68,509$11,329▲ $79,838
Total Liabilities and Net Assets / Fund Balance$275,927$642,695▲ $366,768

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$147,449$24,686$172,135
Compensation and Service Providers
Top Officer Pay37th percentile

Board Members and Trustees

NameTitle
Charlotte MeadowsChairman
Ben FarrowBoard Member
William GreenBoard Member
Sonya MccallParent Board
Walter WoodParent Board
Lori WhiteSecretary
Ryan CantrellTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$3,222,029
Program Service Revenue
$131,655
Investment Income
$0
Other Revenue
$1,012
All Other Contributions
$42,287
Change in Net Assets
$90,510
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$1,844,393
Other Expenses$1,419,793
Total Fundraising Expense$1,867
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$1,587,626--$1,587,626
Occupancy$446,247$4,413-$450,660
Office Expenses$356,495$72,309-$428,804
Information Technology$175,254--$175,254
Other Employee Benefits$147,475--$147,475
Payroll Taxes$109,292--$109,292
Fees for Services Accounting-$46,463-$46,463
Fees for Services Other$43,494--$43,494
Insurance-$38,707-$38,707
Depreciation Depletion$21,608--$21,608
Conferences and Meetings$11,000--$11,000
Fees for Services Legal-$9,868-$9,868
Travel$3,610$440-$4,050
Other Expenses$184,784-$1,867$1,867
Advertising$1,438$325-$1,763
Interest-$1,471-$1,471
Total Functional Expenses$3,088,323$173,996$1,867$3,264,186
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$1,012
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$182,287
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 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
2021-08-12

Organization Details

Principal Officer
Charlotte Meadows
Formed
2017
Legal Domicile
Al
Voting Board Members
7
Independent Board Members
7
Employees
76
Volunteers
25

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 that providing innovative programs designed to spark curiosity, maximize learning 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/ExplanationTxt0OPERATE A CHARTER SCHOOL IN MONTGOMERY, AL THAT PROVIDING INNOVATIVE PROGRAMS DESIGNED TO SPARK CURIOSITY, MAXIMIZE LEARNING 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
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 15A
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/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
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IRS990/TotalAssetsEOYAmt0642695
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IRS990/TotalFunctionalExpensesGrp/FundraisingAmt01867
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0173996
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt03088323
IRS990/TotalFunctionalExpensesGrp/TotalAmt03264186
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0344436
IRS990/TotalLiabilitiesEOYAmt0631366
IRS990/TotalLiabilitiesGrp/BOYAmt0344436
IRS990/TotalLiabilitiesGrp/EOYAmt0631366
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0-68509
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt011329
IRS990/TotalProgramServiceExpensesAmt03088323
IRS990/TotalProgramServiceRevenueAmt0131655
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0131655
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt03354696
IRS990/TotalVolunteersCnt025
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0275927
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0642695
IRS990/TravelGrp/ManagementAndGeneralAmt0440
IRS990/TravelGrp/ProgramServicesAmt03610
IRS990/TravelGrp/TotalAmt04050
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UnsecuredNotesLoansPayableGrp/BOYAmt032716
IRS990/UnsecuredNotesLoansPayableGrp/EOYAmt0321100
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0539 PADDOCK LANE
IRS990/USAddress/CityNm0MONTGOMERY
IRS990/USAddress/StateAbbreviationCd0AL
IRS990/USAddress/ZIPCd036109
IRS990/VotingMembersGoverningBodyCnt07
IRS990/VotingMembersIndependentCnt07
IRS990/WebsiteAddressTxt0LEADACADEMYAL.ORG
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02022-09-23 18:48:47Z
ReturnHeader/BusinessOfficerGrp/PersonNm0CHARLOTTE MEADOWS
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0CHAIRMAN
ReturnHeader/BusinessOfficerGrp/PhoneNum03344513127
ReturnHeader/BusinessOfficerGrp/SignatureDt02021-08-12
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
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/PreparationDt02021-08-16
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0LYNNE BOZEMAN
ReturnHeader/ReturnTs02021-08-16T10:00:12-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02019-10-01
ReturnHeader/TaxPeriodEndDt02020-09-30
ReturnHeader/TaxYr02019

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2020 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$642,695
Liabilities
$631,366
Net assets
$11,329
Revenue
$3,354,696
Expenses
$3,264,186
Net income
$90,510
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