Civic Intelligence

Ilead Experience Inc.

EIN 82-4338417 • 501(c)3 • Brooklyn, NY

Pub. 78 EligibleNTEE O50
1061 Ocean ParkwayBrooklyn, NY 11230

www.ileadexperience.org

Siviq Scores

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

Liabilities / Assets

97th percentile

3.43x

Higher debt load relative to assets than 97% of similar nonprofits.

NTEE O50 • <$500k nonprofits • Source year 2024

Liabilities / Revenue

98th percentile

2.99x

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

NTEE O50 • <$500k nonprofits • Source year 2024

Net Margin

15th percentile

-18%

Higher net margin than 15% of similar nonprofits.

NTEE O50 • <$500k nonprofits • Source year 2024

Top Officer Pay

83rd percentile

$0

Higher top officer pay than 83% of similar nonprofits.

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

NTEE O50 • <$500k nonprofits • Source year 2024

Asset Growth

58th percentile

9.8%

Faster asset growth than 58% of similar nonprofits.

NTEE O50 • <$500k nonprofits • Annualized from 2023 to 2024

Revenue Growth

17th percentile

-42%

Faster revenue growth than 17% of similar nonprofits.

NTEE O50 • <$500k nonprofits • Annualized from 2023 to 2024

Assets

Up

$351,432

Up $31,474 (+9.8%) from 2023

Liabilities

Up

$1,203,802

Up $49,384 (+4.3%) from 2023

Net Assets

Down

-$852,370

Down $17,910 (-2.1%) from 2023

Revenue

Down

$402,296

Down $292,371 (-42%) from 2023

Expenses

Down

$473,614

Down $343,794 (-42%) from 2023

Net Income

Up

-$71,318

Up $51,423 (+42%) from 2023

Trend Graphs

Balance Sheet Trend

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

$2.0M$1.0M$0-$1.0MAssets 2018: $65,466Liabilities 2018: $144,461Net Assets 2018: -$78,9952018Assets 2019: $34,763Liabilities 2019: $222,261Net Assets 2019: -$187,4982019Assets 2020: $44,612Liabilities 2020: $279,510Net Assets 2020: -$234,8982020Assets 2021: $110,034Liabilities 2021: $519,900Net Assets 2021: -$409,8662021Assets 2022: $304,538Liabilities 2022: $1,070,600Net Assets 2022: -$766,0622022Assets 2023: $319,958Liabilities 2023: $1,154,418Net Assets 2023: -$834,4602023Assets 2024: $351,432Liabilities 2024: $1,203,802Net Assets 2024: -$852,3702024

Highlighted filing

2024

Assets$351,432
Liabilities$1,203,802
Net Assets-$852,370

Operations Trend

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

$1.0M$500K$0-$500KRevenue 2018: $485,691Expenses 2018: $564,686Net Income 2018: -$78,9952018Revenue 2019: $428,082Expenses 2019: $536,585Net Income 2019: -$108,5032019Revenue 2020: $72,439Expenses 2020: $119,839Net Income 2020: -$47,4002020Revenue 2021: $329,135Expenses 2021: $504,103Net Income 2021: -$174,9682021Revenue 2022: $679,552Expenses 2022: $995,479Net Income 2022: -$315,9272022Revenue 2023: $694,667Expenses 2023: $817,408Net Income 2023: -$122,7412023Revenue 2024: $402,296Expenses 2024: $473,614Net Income 2024: -$71,3182024

Highlighted filing

2024

Revenue$402,296
Expenses$473,614
Net Income-$71,318

Filings

Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Nov 13, 2025
Return Version
2024v5.2
Gross Receipts
$434,046
Mission and Program Overview

Mission

SEE SCHEDULE O.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$189,545$249,382▲ $59,837
Loans From Officers Directors$85,000$85,000→ $0
Pledges and Grants Receivable$76,693$73,302▼ $3,391
Cash and Non-Interest-Bearing Accounts$33,720$28,748▼ $4,972
Prepaid Expenses and Deferred Charges$20,000$0▼ $20,000
Total Assets$319,958$351,432▲ $31,474
Liabilities
Other Liabilities$1,057,373$1,057,373→ $0
Accounts Payable and Accrued Expenses$12,045$61,429▲ $49,384
Total Liabilities$1,154,418$1,203,802▲ $49,384
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$-834,460$-852,370▼ $17,910
Total Net Assets Fund Balance$-834,460$-852,370▼ $17,910
Total Liabilities and Net Assets / Fund Balance$319,958$351,432▲ $31,474
Compensation and Service Providers

Board Members and Trustees

NameTitle
Richard ChalmePresident
Shilo PlesserDirector
Solly HaberTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$41,709
Program Service Revenue
$351,574
Investment Income
$9,013
Other Revenue
$0
All Other Contributions
$41,709
Change in Net Assets
$-71,318
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$459,182
Salaries, Compensation, and Employee Benefits$14,432
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Travel$59,426--$59,426
Interest-$29,305-$29,305
Office Expenses-$15,289-$15,289
Fees for Services Legal-$15,000-$15,000
Other Salaries and Wages-$14,432-$14,432
Fees for Services Accounting-$7,500-$7,500
Other Expenses$4,000$11,605-$4,000
Information Technology-$1,482-$1,482
All Other Expenses-$50-$50
Total Functional Expenses$378,951$94,663$0$473,614
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

Interested-Person Transactions

Interested PartyRelationshipDescriptionShared RevenueAmount
-OWNED BY FAMILY MEMBER OF ORGANIZATION'S PRESIDENTServices Related to Program ExpensesNo$38,000

Loans and Receivables

Line ItemBeginningEndChange
Loans from Officers, Directors, Trustees, and Key Employees$85,000$85,000→ $0
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Eidl Loan$1,057,373
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
Yes
Annual disclosure for covered persons
Yes
Audit committee
No
Business relationship with 35% controlled entity
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
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

Organization management reviews form 990 and related financial data before filing.

Form 990, Part VI, Section B, Line 12C

Organization management regularly reviews if a conflict of interest exists within the organization and other parties when contemplating written contracts and operations.

Form 990, Part VI, Section C, Line 19

Forms are available upon written request.

Filing and Contact Details

Filer

Filer Name
Ilead Experience Inc
EIN
82-4338417
Phone
7182529840
Address
1061 OCEAN PARKWAY, BROOKLYN, NY 11230

Signing Officer

Name
Richard Chalme
Title
President
Phone
7182529840
Signed
2025-11-13
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Richard Chalme
Formed
2018
Legal Domicile
Ny
Voting Board Members
2
Independent Board Members
2
Employees
1
Volunteers
15

Preparer

Firm
Lmc Advisors LLC
Address
1359 BROADWAY SUITE 1710, NEW YORK, NY 10018
Preparer
Lee M Cohen CPA
Phone
2129672300
Supplemental Narrative

Additional Explanations

Form 990, Part III, Line 1

Ilead selects candidates at the end of their junior year in high school, who are interested in identifying their personal strengths, and working through their challenges and weaknesses. The program takes place in israel, over five weeks during the summer. The program focuses on physical aptitude and stamina. The pioneers climb mountains, engage in extreme hiking, and spend time in natural surroundings.

Financial Statement Notes

PART X, LINE 2:

The organization is a not-for-profit organization that is exempt from federal income tax under section 501(c)(3) of the internal revenue code; the organization is also exempt from state and local income taxes. Accordingly, no provision for income taxes has been made in the financial statements. The organization evaluates the effect of uncertain tax positions, if any, and provides for those positions in accordance with the provisions of asc topic 450, contingencies.

Raw XML Appendix369 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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IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/RelationshipWithOrgTxt0PRESIDENT
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/WrittenAgreementInd01
IRS990ScheduleL/TotalBalanceDueAmt085000
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0ILEAD SELECTS CANDIDATES AT THE END OF THEIR JUNIOR YEAR IN HIGH SCHOOL, WHO ARE INTERESTED IN IDENTIFYING THEIR PERSONAL STRENGTHS, AND WORKING THROUGH THEIR CHALLENGES AND WEAKNESSES. THE PROGRAM TAKES PLACE IN ISRAEL, OVER FIVE WEEKS DURING THE SUMMER. THE PROGRAM FOCUSES ON PHYSICAL APTITUDE AND STAMINA. THE PIONEERS CLIMB MOUNTAINS, ENGAGE IN EXTREME HIKING, AND SPEND TIME IN NATURAL SURROUNDINGS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1ORGANIZATION MANAGEMENT REVIEWS FORM 990 AND RELATED FINANCIAL DATA BEFORE FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2ORGANIZATION MANAGEMENT REGULARLY REVIEWS IF A CONFLICT OF INTEREST EXISTS WITHIN THE ORGANIZATION AND OTHER PARTIES WHEN CONTEMPLATING WRITTEN CONTRACTS AND OPERATIONS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3FORMS ARE AVAILABLE UPON WRITTEN REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART III, LINE 1
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION C, LINE 19
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0NY
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxableDistributionsInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt0319958
IRS990/TotalAssetsEOYAmt0351432
IRS990/TotalAssetsGrp/BOYAmt0319958
IRS990/TotalAssetsGrp/EOYAmt0351432
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt041709
IRS990/TotalEmployeeCnt01
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt094663
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0378951
IRS990/TotalFunctionalExpensesGrp/TotalAmt0473614
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt01154418
IRS990/TotalLiabilitiesEOYAmt01203802
IRS990/TotalLiabilitiesGrp/BOYAmt01154418
IRS990/TotalLiabilitiesGrp/EOYAmt01203802
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0-834460
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0-852370
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt0378951
IRS990/TotalProgramServiceRevenueAmt0351574
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt09013
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0351574
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0402296
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt015
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0319958
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0351432
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TravelGrp/ProgramServicesAmt059426
IRS990/TravelGrp/TotalAmt059426
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt01061 OCEAN PARKWAY
IRS990/USAddress/CityNm0BROOKLYN
IRS990/USAddress/StateAbbreviationCd0NY
IRS990/USAddress/ZIPCd011230
IRS990/VotingMembersGoverningBodyCnt02
IRS990/VotingMembersIndependentCnt02
IRS990/WebsiteAddressTxt0WWW.ILEADEXPERIENCE.ORG
IRS990/WhistleblowerPolicyInd01
ReturnHeader/BuildTS02025-03-06 01:10:19Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0RICHARD CHALME
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum07182529840
ReturnHeader/BusinessOfficerGrp/SignatureDt02025-11-13
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0ILEAD EXPERIENCE INC
ReturnHeader/Filer/BusinessNameControlTxt0ILEA
ReturnHeader/Filer/EIN0824338417
ReturnHeader/Filer/PhoneNum07182529840
ReturnHeader/Filer/USAddress/AddressLine1Txt01061 OCEAN PARKWAY
ReturnHeader/Filer/USAddress/CityNm0BROOKLYN
ReturnHeader/Filer/USAddress/StateAbbreviationCd0NY
ReturnHeader/Filer/USAddress/ZIPCd011230
ReturnHeader/IRSResponsiblePrtyInfoCurrInd00
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0464133700
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0LMC ADVISORS LLC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt01359 BROADWAY SUITE 1710
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0NEW YORK
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0NY
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd010018
ReturnHeader/PreparerPersonGrp/PhoneNum02129672300
ReturnHeader/PreparerPersonGrp/PreparationDt02025-11-13
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0LEE M COHEN CPA
ReturnHeader/ReturnTs02025-11-14T22:55:25-06:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02024-01-01
ReturnHeader/TaxPeriodEndDt02024-12-31
ReturnHeader/TaxYr02024

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