Civic Intelligence

Leadership Brainery Inc

990 • Fiscal year 2023 • EIN 83-0705607

Jul 01, 2022 to Jun 30, 2023 • Filed on Aug 28, 2024

Organization Profileleadershipbrainery.org
266 Beacon St Garden LevelBoston, MA 02116

(857) 576-0645

Siviq Scores

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

Liabilities / Assets

81st percentile

0.33x

Higher debt load relative to assets than 81% of similar nonprofits.

2023 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2023

Liabilities / Revenue

79th percentile

0.25x

Higher debt load relative to revenue than 79% of similar nonprofits.

2023 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2023

Net Margin

77th percentile

24%

Higher net margin than 77% of similar nonprofits.

2023 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2023

Top Officer Pay

77th percentile

$71,654

Higher top officer pay than 77% of similar nonprofits.

Top officer pay equals 8.2% of source-year revenue.

2023 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2023

Asset Growth

92nd percentile

81%

Faster asset growth than 92% of similar nonprofits.

2023 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2022 to 2023

Revenue Growth

78th percentile

41%

Faster revenue growth than 78% of similar nonprofits.

2023 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2022 to 2023

Balance Sheet
Liabilities / Assets81st percentile

Assets

Up

$668,241

Up $298,944 (+81%) from 2022

Net Assets

Up

$450,938

Up $211,396 (+88%) from 2022

Liabilities

Up

$217,303

Up $87,548 (+67%) from 2022

Revenue And Expenses
Liabilities / Revenue79th percentileNet Margin77th percentile

Revenue

Up

$872,769

Up $255,758 (+41%) from 2022

Expenses

Up

$661,373

Up $221,473 (+50%) from 2022

Net Income

Up

$211,396

Up $34,285 (+19%) from 2022

Historical Trend

Balance Sheet Trend

Asset Growth92nd percentile

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

$800K$600K$400K$200K$0Assets 2019: $17,776Liabilities 2019: $02019Assets 2021: $53,157Liabilities 2021: $16,969Net Assets 2021: $36,1882021Assets 2022: $369,297Liabilities 2022: $129,755Net Assets 2022: $239,5422022Assets 2023: $668,241Liabilities 2023: $217,303Net Assets 2023: $450,9382023Assets 2024: $646,433Liabilities 2024: $167,320Net Assets 2024: $479,1132024

Highlighted filing

2023

Assets$668,241
Liabilities$217,303
Net Assets$450,938
Open 2023 Filing

Operations Trend

Revenue Growth78th percentile

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

$1.5M$1.0M$500K$0Revenue 2019: $38,885Expenses 2019: $21,108Net Income 2019: $17,7772019Revenue 2021: $192,090Expenses 2021: $155,422Net Income 2021: $36,6682021Revenue 2022: $617,011Expenses 2022: $439,900Net Income 2022: $177,1112022Revenue 2023: $872,769Expenses 2023: $661,373Net Income 2023: $211,3962023Revenue 2024: $1,101,267Expenses 2024: $1,048,092Net Income 2024: $53,1752024

Highlighted filing

2023

Revenue$872,769
Expenses$661,373
Net Income$211,396
Open 2023 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2022 to Jun 30, 2023
Signed
Aug 28, 2024
Return Version
2022v5.0
Gross Receipts
$872,769
Mission and Program Overview

Mission

Leadership brainery serves to diversify the workforce. The organization believes that exposure and development are the correct methods to pipeline more first-generation and diverse leaders into the workforce. Through various programs, which include, but is not limited to, the three (3) year ambassador program (the "ambassador program"), the organization focuses on the long-term development of its students, their preparation for graduate or professional schools and their successful careers. Leadership brainery strives to ensure that once its student leaders graduate college, they will be prepared to diversify top graduate and professional schools and become decision-making leaders within their industries.

See schedule O

Balance Sheet Detail
LineBeginningEndChange
Assets
Accounts Receivable$45,000$205,000▲ $160,000
Cash and Non-Interest-Bearing Accounts$172,672$192,949▲ $20,277
Pledges and Grants Receivable$50,000$25,000▼ $25,000
Land, Buildings, and Equipment, Net-$17,762-
Loans From Officers Directors$15,000--
Inventories for Sale or Use$9,083$7,947▼ $1,136
Prepaid Expenses and Deferred Charges-$1,859-
Total Assets$369,297$668,241▲ $298,944
Other Assets Total$92,542$217,724▲ $125,182
Liabilities
Other Liabilities$74,542$195,751▲ $121,209
Accounts Payable and Accrued Expenses$9,829$19,052▲ $9,223
Deferred Revenue$30,384$2,500▼ $27,884
Total Liabilities$129,755$217,303▲ $87,548
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$239,542$450,938▲ $211,396
Total Net Assets Fund Balance$239,542$450,938▲ $211,396
Total Liabilities and Net Assets / Fund Balance$369,297$668,241▲ $298,944

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$17,762$2,504$20,266
Other Assets Org$199,724--
Compensation and Service Providers
Top Officer Pay77th percentile

Employees

NameTitleFull / Part TimeBaseTotal
Derrick Young JrExecutive Director Co FoundeFT$71,654$71,654
Jonathan AllenDirector of Development Co FFT$71,654$71,654

Board Members and Trustees

NameTitle
Catherine WongDirector
Claudia Dumond-HendersonDirector
Matthew McTygueDirector
Nancy FairbankDirector
Portia SinghDirector
Revenue and Support

Revenue Composition

Contributions and Grants
$686,562
Program Service Revenue
$179,353
Investment Income
$0
Other Revenue
$6,854
All Other Contributions
$620,228
Change in Net Assets
$211,396
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$399,829
Other Expenses$261,544
Total Fundraising Expense$134,108
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$136,543$28,964$41,376$206,883
Current Officers, Directors, Trustees, and Key Employees$94,583$20,063$28,662$143,308
Occupancy$52,129$11,058$15,796$78,983
Advertising$21,856$4,636$21,185$47,677
Payroll Taxes$20,321$4,310$6,158$30,789
Travel$18,415$2,988$4,269$25,672
Information Technology$16,373$3,473$4,962$24,808
Other Employee Benefits$12,440$2,639$3,770$18,849
Fees for Services Accounting$12,019$2,549$3,642$18,210
Fees for Services Other$7,260$2,540$2,200$12,000
Other Expenses$7,407$1,177$1,681$10,265
Depreciation Depletion-$2,504-$2,504
Insurance$1,343$285$407$2,035
Total Functional Expenses$432,837$94,428$134,108$661,373
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
Loans from Officers, Directors, Trustees, and Key Employees$15,000--
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Leases obligation long term$100,501
Leases obligation current$95,250
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
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

Officer directors etc family relationship Part VI line 2

“Two board members are related.”

Form 990 governing body review Part VI line 11

“The Organizaions board members and management fully review and approve form 990 and PC before filing.”

Conflict of interest policy compliance Part VI line 12C

“The Organization has Conflict of Interest in place and is provided to all relevant parties. The board of directors review and approve all contracts that my impact the policy.”

CEO executive director top management comp Part VI line 15A

“Board of Directores perform analysis and compare local and national compensation of executive director.”

Other officer or key employee compensation Part VI line 15B

“Board of Directors perform analysis and compare local and national compensation of other top management and key employees”

Governing documents etc available to public Part VI line 19

“The Organization has its governing documents available by request or through MA Attorney Generals public information website.”

Filing and Contact Details

Filer

Filer Name
Leadership Brainery Inc
EIN
83-0705607
Address
266 Beacon St Garden Level, Boston, MA 02116

Signing Officer

Name
Jonathan Allen
Title
President
Phone
8575760645
Signed
2024-08-28
Discuss with paid preparer
No

Organization Details

Formed
2018
Legal Domicile
Ma
Voting Board Members
7
Independent Board Members
5
Employees
7

Preparer

Firm
Babson & Associates LLC
Address
170 Parks St, Duxbury, MA 02332
Preparer
Mariya Babson CPA
Phone
7815887732
Supplemental Narrative

Additional Explanations

Amended return information

“After an audit was peraformed of financial statements for the fiscal year ended on 6/30/2023, the organization updated the revenues, pledges, ROU Lease Assets and Liabilities. As such an amended from 990 was filed.”

Part III response or note to any other line in Part III

“Primary exempt purposeleadership brainery serves to diversify the workforce. The organization believes that exposure and development are the correct methods to pipeline more first-generation and diverse leaders into the workforce. Through various programs, which include, but is not limited to, the three (3) year ambassador program (the ambassador program), the organization focuses on the long-term development of its students, their preparation for graduate or professional schools and their successful careers. Leadership brainery strives to ensure that once its student leaders graduate college, they will be prepared to diversify top graduate and professional schools and become decision-making leaders within their industries.”

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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0After an audit was peraformed of financial statements for the fiscal year ended on 6/30/2023, the organization updated the revenues, pledges, ROU Lease Assets and Liabilities. As such an amended from 990 was filed.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Two board members are related.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2The Organizaions board members and management fully review and approve form 990 and PC before filing.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3The Organization has Conflict of Interest in place and is provided to all relevant parties. The board of directors review and approve all contracts that my impact the policy.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4Board of Directores perform analysis and compare local and national compensation of executive director.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5Board of Directors perform analysis and compare local and national compensation of other top management and key employees
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6The Organization has its governing documents available by request or through MA Attorney Generals public information website.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7PRIMARY EXEMPT PURPOSELEADERSHIP BRAINERY SERVES TO DIVERSIFY THE WORKFORCE. THE ORGANIZATION BELIEVES THAT EXPOSURE AND DEVELOPMENT ARE THE CORRECT METHODS TO PIPELINE MORE FIRST-GENERATION AND DIVERSE LEADERS INTO THE WORKFORCE. THROUGH VARIOUS PROGRAMS, WHICH INCLUDE, BUT IS NOT LIMITED TO, THE THREE (3) YEAR AMBASSADOR PROGRAM (THE AMBASSADOR PROGRAM), THE ORGANIZATION FOCUSES ON THE LONG-TERM DEVELOPMENT OF ITS STUDENTS, THEIR PREPARATION FOR GRADUATE OR PROFESSIONAL SCHOOLS AND THEIR SUCCESSFUL CAREERS. LEADERSHIP BRAINERY STRIVES TO ENSURE THAT ONCE ITS STUDENT LEADERS GRADUATE COLLEGE, THEY WILL BE PREPARED TO DIVERSIFY TOP GRADUATE AND PROFESSIONAL SCHOOLS AND BECOME DECISION-MAKING LEADERS WITHIN THEIR INDUSTRIES.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Amended return information
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Officer directors etc family relationship Part VI line 2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990 governing body review Part VI line 11
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Conflict of interest policy compliance Part VI line 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4CEO executive director top management comp Part VI line 15a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Other officer or key employee compensation Part VI line 15b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6Governing documents etc available to public Part VI line 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7Part III response or note to any other line in Part III
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IRS990/WebsiteAddressTxt0leadershipbrainery.org
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02024-08-08 14:25:15Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0false
ReturnHeader/BusinessOfficerGrp/PersonNm0Jonathan Allen
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0President
ReturnHeader/BusinessOfficerGrp/PhoneNum08575760645
ReturnHeader/BusinessOfficerGrp/SignatureDt02024-08-28
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0Leadership Brainery Inc
ReturnHeader/Filer/BusinessNameControlTxt0LEAD
ReturnHeader/Filer/EIN0830705607
ReturnHeader/Filer/USAddress/AddressLine1Txt0266 Beacon St Garden Level

Document Assets

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Filings

Displayed year

2023 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$668,241
Liabilities
$217,303
Net assets
$450,938
Revenue
$872,769
Expenses
$661,373
Net income
$211,396
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$0.65$0.17$0.48$1.10$1.05$0.05
2023Detailed filing. Detailed filing data is available for this year.$0.67$0.22$0.45$0.87$0.66$0.21
2022Detailed filing. Detailed filing data is available for this year.$0.37$0.13$0.24$0.62$0.44$0.18
2021Detailed filing. Detailed filing data is available for this year.$0.05$0.02$0.04$0.19$0.16$0.04
2019Summary only. Only limited summary data is available for this year.$0.02$0.00$0.04$0.02$0.02