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← LEADERSHIP TRAINING AND EDUCATION FUND

Form 990 for tax year 2022

Filed by LEADERSHIP TRAINING AND EDUCATION FUND.

Totals

Total revenue
$2,790,849
Total expenses
$2,079,009
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$2,788,551
Investment income
$2,298
Other revenue
$0
Total assets, end of year
$1,846,966
Total liabilities, end of year
$37,322
Net assets or fund balances, end of year
$1,809,644
Program services expenses (Part IX)
$1,980,764
Management and general expenses
$98,245
Fundraising expenses
$0
Program service expenses (Part III)
$1,980,764

Program services were 95.3% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 2a · Program service revenue: EMPLOYER CONTRIBUTIONS

    total $2,759,365 · related or exempt $2,759,365

  • 2b · Program service revenue: LIQUIDATED DAMAGES

    total $29,186 · related or exempt $29,186

  • 3 · Investment income

    total $2,298 · excluded $2,298

Functional expenses

Part IX, the statement of functional expenses.

  • 11a · Fees: management

    total $37,545 · management and general $37,545

  • 11b · Fees: legal

    total $13,121 · management and general $13,121

  • 11c · Fees: accounting

    total $35,971 · management and general $35,971

  • 23 · Insurance

    total $4,499 · management and general $4,499

  • 24a · Other expenses: BUILDING SKILLS PARTNER

    total $1,980,764 · program services $1,980,764

  • 24b · Other expenses: BANK CHARGES

    total $4,754 · management and general $4,754

  • 24c · Other expenses: PRINTING AND POSTAGE

    total $2,355 · management and general $2,355

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $1,183,136 · end of year $1,386,015

  • 4 · Accounts receivable

    beginning of year $263,728 · end of year $296,044

  • 9 · Prepaid expenses and deferred charges

    beginning of year $1,417 · end of year $164,907

  • 17 · Accounts payable and accrued expenses

    beginning of year $2,505 · end of year $2,278

  • 25 · Other liabilities

    beginning of year $36,415 · end of year $35,044

  • 29 · Capital stock, trust principal or current funds

    beginning of year $0 · end of year $0

  • 30 · Paid-in or capital surplus, or land, building or equipment fund

    beginning of year $0 · end of year $0

  • 31 · Retained earnings, endowment or other funds

    beginning of year $1,409,361 · end of year $1,809,644

Mission and programs · 2022

Mission

TO REIMBURSE COSTS INCURRED IN RELEASING EMPLOYEES FOR LEADERSHIP TRAINING AND EDUCATION PROGRAMS.

  • THE PURPOSE OF THE FUND IS TO REIMBURSE INDIVIDUAL EMPLOYERS FOR THE COSTS INCURRED BY THEM IN RELEASING EMPLOYEES FOR LEADERSHIP TRAINING AND EDUCATION PROGRAMS. THERE WERE APPROXIMATELY 16,968 PARTICIPANTS COVERED BY THE PLAN.

    Expenses $1,980,764 · Revenue $2,788,551

As filed on the 2022 return.

Listed in Part VII

  • Andrew Gross Gaitan

    CO-CHAIRMAN

    Total calculated
    $0
    Hours/week
    5

  • Jim Beard

    CHAIRMAN

    Total calculated
    $0
    Hours/week
    5

  • Mark E Olivas

    TRUSTEE

    Total calculated
    $0
    Hours/week
    5

  • David Huerta

    TRUSTEE

    Total calculated
    $0
    Hours/week
    5

  • Dick Dotts

    TRUSTEE

    Total calculated
    $0
    Hours/week
    5

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.

Grants on this return

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2022
Filed
9 April 2024
IRS schema version
2022v5.0
Source object
202411019349301536

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