Totals
- Total revenue
- $56,365,930
- Total expenses
- $53,539,861
- Contributions and grants received
- $51,183,102
- Grants paid
- $0
- Program service revenue
- $97,416
- Investment income
- $747,103
- Other revenue
- $4,338,309
- Total assets, end of year
- $43,880,415
- Total liabilities, end of year
- $9,646,258
- Net assets or fund balances, end of year
- $34,234,157
- Program services expenses (Part IX)
- $46,841,090
- Management and general expenses
- $6,379,494
- Fundraising expenses
- $319,277
- Program service expenses (Part III)
- $46,841,090
Program services were 87.5% 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.
-
1e · Government grants (contributions)
$49,976,199
-
1f · All other contributions, gifts and grants
$1,206,903
-
1g · Noncash contributions included above
$25,000
-
2a · Program service revenue: OTHER REVENUE
total $61,240 · related or exempt $61,240
-
2b · Program service revenue: SCHOOL INCOME
total $36,176 · related or exempt $36,176
-
3 · Investment income
total $972,872 · excluded $972,872
-
7b · Less cost or other basis and sales expenses
other assets $225,769
-
7c · Gain or loss
other assets -$225,769
-
7d · Net gain or loss
total -$225,769 · related or exempt -$225,769
-
11a · Other revenue: EMPLOYEE RETENTION CREDIT
total $4,338,309 · related or exempt $4,338,309
-
11e · Other revenue, total
$4,338,309
Functional expenses
Part IX, the statement of functional expenses.
-
5 · Compensation of officers, directors and key employees
total $510,430 · program services $461,665 · management and general $45,521 · fundraising $3,244
-
7 · Other salaries and wages
total $23,322,789 · program services $21,094,599 · management and general $2,079,952 · fundraising $148,238
-
8 · Pension plan contributions
total $1,623,133 · program services $1,468,064 · management and general $144,753 · fundraising $10,316
-
9 · Other employee benefits
total $7,464,278 · program services $6,751,164 · management and general $665,672 · fundraising $47,442
-
10 · Payroll taxes
total $2,056,914 · program services $1,860,402 · management and general $183,438 · fundraising $13,074
-
11b · Fees: legal
total $3,161,110 · program services $1,620,855 · management and general $1,540,255
-
12 · Advertising and promotion
total $237,045 · program services $235,245 · management and general $1,800
-
13 · Office expenses
total $880,438 · program services $843,877 · management and general $36,561
-
16 · Occupancy
total $4,171,635 · program services $4,100,658 · management and general $70,977
-
22 · Depreciation, depletion and amortization
total $1,729,350 · program services $1,434,105 · management and general $295,245
-
24a · Other expenses: TRANSPORTATION
total $3,363,232 · program services $3,363,096 · management and general $136
-
24b · Other expenses: INSTRUCTIONAL
total $2,452,450 · program services $2,156,488 · management and general $281,217 · fundraising $14,745
-
24c · Other expenses: ORGANIZATIONAL DEVELOPM
total $1,279,828 · program services $769,468 · management and general $510,360
-
24d · Other expenses: ATHLETIC COST
total $589,565 · program services $589,565
-
24e · All other expenses
total $697,664 · program services $91,839 · management and general $523,607 · fundraising $82,218
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $951 · end of year $1,651
-
2 · Savings and temporary cash investments
beginning of year $21,593,358 · end of year $22,529,800
-
4 · Accounts receivable
beginning of year $5,005,337 · end of year $9,171,912
-
9 · Prepaid expenses and deferred charges
beginning of year $312,369 · end of year $477,274
-
10a · Land, buildings and equipment: cost or other basis
$18,192,520
-
10b · Land, buildings and equipment: accumulated depreciation
$9,619,342
-
10c · Land, buildings and equipment, net
beginning of year $8,444,307 · end of year $8,573,178
-
15 · Other assets
beginning of year $3,659,640 · end of year $3,126,600
-
17 · Accounts payable and accrued expenses
beginning of year $3,664,683 · end of year $6,147,714
-
25 · Other liabilities
beginning of year $3,943,190 · end of year $3,498,544
-
27 · Net assets without donor restrictions
beginning of year $31,148,089 · end of year $34,234,157
-
28 · Net assets with donor restrictions
beginning of year $260,000 · end of year $0
Mission and programs · 2023
Mission
LEAD PUBLIC SCHOOLS EXISTS TO PREPARE ALL OUR STUDENTS WITH THE KNOWLEDGE AND SKILLS TO SUCCEED IN COLLEGE AND IN LIFE.
-
LEAD SERVED APPROXIMATELY 2,570 STUDENTS ON FOUR DIFFERENT CAMPUSES.
Expenses $46,841,090 · Revenue $4,209,956
As filed on the 2023 return.
Listed in Part VII
-
Alex RyersonALEX RYERSON
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Carter PainCARTER PAIN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
David LoveDAVID LOVE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Dr Bryan FisherDR BRYAN FISHER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Earl LattimoreEARL LATTIMORE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Jamese LerciusJAMESE LERCIUS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Jerome OglesbyJEROME OGLESBY
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Jim VestermanJIM VESTERMAN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Jimmy PattonJIMMY PATTON
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Jonathan DykeJONATHAN DYKE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Linda PannockLINDA PANNOCK
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Mike HoniousMIKE HONIOUS
CHARIMAN
- Total calculated
- $0
- Hours/week
- 2
-
Rob KellerROB KELLER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Valerie Hayes MoletteVALERIE HAYES MOLETTE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Dwanye H TuckerDWANYE H TUCKER
CEO
- Total calculated
- $216,179
- From this org
- $205,769
- From related orgs
- $0
- Other
- $10,410
- Hours/week
- 80
Schedule J breakdown matched by us
- Base
- $205,769
- Bonus
- $0
- Other
- $0
- Deferred
- $0
- Nontaxable benefits
- $10,410
- Filer's total
- $216,179
-
Adrienne UlstedADRIENNE ULSTED
CHIEF SO
- Total calculated
- $176,862
- From this org
- $152,873
- From related orgs
- $0
- Other
- $23,989
- Hours/week
- 80
Schedule J breakdown matched by us
- Base
- $152,873
- Bonus
- $0
- Other
- $0
- Deferred
- $9,172
- Nontaxable benefits
- $14,817
- Filer's total
- $176,862
-
La Voe MulgrewLA VOE MULGREW
HS HEAD OF SCHOOL
- Total calculated
- $170,757
- From this org
- $151,788
- From related orgs
- $0
- Other
- $18,969
- Hours/week
- 80
Schedule J breakdown matched by us
- Base
- $151,788
- Bonus
- $0
- Other
- $0
- Deferred
- $8,559
- Nontaxable benefits
- $10,410
- Filer's total
- $170,757
-
Eloise AlexisELOISE ALEXIS
DIRECTOR
- Total calculated
- $149,135
- From this org
- $138,709
- From related orgs
- $0
- Other
- $10,426
- Hours/week
- 80
-
Nicolas FrankNICOLAS FRANK
DIRECTOR
- Total calculated
- $145,183
- From this org
- $136,200
- From related orgs
- $0
- Other
- $8,983
- Hours/week
- 80
-
Ricki Allen GibbsRICKI ALLEN GIBBS
ES HEAD OF SCHOOL
- Total calculated
- $149,428
- From this org
- $139,423
- From related orgs
- $0
- Other
- $10,005
- Hours/week
- 80
-
Tait DanhausenTAIT DANHAUSEN
MS HEAD OF SCHOOL
- Total calculated
- $168,515
- From this org
- $149,404
- From related orgs
- $0
- Other
- $19,111
- Hours/week
- 80
Schedule J breakdown matched by us
- Base
- $149,404
- Bonus
- $0
- Other
- $0
- Deferred
- $8,606
- Nontaxable benefits
- $10,505
- Filer's total
- $168,515
-
Tony Ramall MajorsTONY RAMALL MAJORS
DIRECTOR
- Total calculated
- $144,784
- From this org
- $135,581
- From related orgs
- $0
- Other
- $9,203
- Hours/week
- 80
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. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.
Schedule J
Answered yes
- 3 · Compensation committee
- 3 · Form 990 of other organizations
- 3 · Compensation survey or study
- 3 · Approval by the board or compensation committee
Answered no
- 4a · Severance or change-of-control payment
- 4b · Supplemental nonqualified retirement plan
- 4c · Equity-based compensation arrangement
- 5a · Pay contingent on this organization's revenues
- 5b · Pay contingent on a related organization's revenues
- 6a · Pay contingent on this organization's net earnings
- 6b · Pay contingent on a related organization's net earnings
- 7 · Other non-fixed payments
- 8 · Paid under the initial-contract exception
Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.
Grants on this return
No itemized grants to organizations on this return.
Taxable family on this return
Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.
Disregarded entities
Part I: entities that legally are the filer and file no return of their own.
-
LEAD ACADEMY NOPROFIT LLC
EDUCATION · TN
Directly controlled by LEAD PUBLIC SCHOOLS INC
-
CAMERON COLLEGE PREP NONPROFIT LLC
EDUCATION · TN
Directly controlled by LEAD PUBLIC SCHOOLS INC
-
BRICK CHURCH COLLEGE PREP LLC
EDUCATION · TN
Directly controlled by LEAD PUBLIC SCHOOLS INC
-
LEAD PREP SOUTHEAST LLC
EDUCATION · TN
Directly controlled by LEAD PUBLIC SCHOOLS INC
-
NEELY'S BEND COLLEGE PREP NONPROFIT LLC
EDUCATION · TN
Directly controlled by LEAD PUBLIC SCHOOLS INC
-
LEAD REAL ESTATE HOLDINGS NONPROFIT LLC
EDUCATION · TN
Directly controlled by LEAD PUBLIC SCHOOLS INC
Provenance
- Return type
- form_990
- Tax year
- 2023
- Filed
- 30 April 2025
- IRS schema version
- 2023v6.0
- Source object
- 202501209349302600
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