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← INSTITUTE FOR LEADERSHIP EDUCATION ADVANCEMENT & DEVELOPMENT INC

Form 990 for tax year 2024

Filed by INSTITUTE FOR LEADERSHIP EDUCATION ADVANCEMENT & DEVELOPMENT INC.

Totals

Total revenue
$2,443,522
Total expenses
$2,219,391
Contributions and grants received
$889,762
Grants paid
$0
Program service revenue
$1,219,705
Investment income
$309,709
Other revenue
$24,346
Total assets, end of year
$6,957,585
Total liabilities, end of year
$490,291
Net assets or fund balances, end of year
$6,467,294
Program services expenses (Part IX)
$2,014,129
Management and general expenses
$126,559
Fundraising expenses
$78,703
Program service expenses (Part III)
$2,014,129

Program services were 90.8% 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.

  • 1f · All other contributions, gifts and grants

    $889,762

  • 2a · Program service revenue: HIGHER EDUCATIONAL SER

    total $1,219,705 · related or exempt $1,219,705

  • 3 · Investment income

    total $309,709 · excluded $309,709

  • 11a · Other revenue: OTHER

    total $24,346 · related or exempt $24,346

  • 11e · Other revenue, total

    $24,346

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $351,144 · program services $300,472 · management and general $28,119 · fundraising $22,553

  • 7 · Other salaries and wages

    total $765,309 · program services $654,865 · management and general $61,287 · fundraising $49,157

  • 9 · Other employee benefits

    total $20,297 · program services $17,368 · management and general $1,625 · fundraising $1,304

  • 10 · Payroll taxes

    total $88,567 · program services $75,786 · management and general $7,092 · fundraising $5,689

  • 11b · Fees: legal

    total $305 · program services $305

  • 11g · Fees: other

    total $131,134 · program services $124,386 · management and general $6,748

  • 12 · Advertising and promotion

    total $218 · program services $189 · management and general $29

  • 14 · Information technology

    total $637 · program services $245 · management and general $392

  • 15 · Royalties

    total $5 · program services $5

  • 16 · Occupancy

    total $45,194 · program services $39,760 · management and general $5,434

  • 17 · Travel

    total $24,656 · program services $24,206 · management and general $450

  • 19 · Conferences, conventions and meetings

    total $2,523 · program services $2,385 · management and general $138

  • 20 · Interest

    total $4,125 · management and general $4,125

  • 23 · Insurance

    total $5,331 · program services $5,137 · management and general $194

  • 24a · Other expenses: EDUCATIONAL PROGRAM EXP

    total $464,604 · program services $464,604

  • 24b · Other expenses: COMMUNITY EVENTS

    total $261,895 · program services $261,895

  • 24c · Other expenses: COMMUNICATIONS

    total $19,523 · program services $10,880 · management and general $8,643

  • 24d · Other expenses: BOOKS

    total $10,723 · program services $10,723

  • 24e · All other expenses

    total $23,201 · program services $20,918 · management and general $2,283

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $395,159 · end of year $239,709

  • 2 · Savings and temporary cash investments

    beginning of year $1,261,526 · end of year $1,922,622

  • 4 · Accounts receivable

    beginning of year $1,601,284 · end of year $1,902,785

  • 7 · Other notes and loans receivable

    beginning of year $156,732 · end of year $156,732

  • 9 · Prepaid expenses and deferred charges

    beginning of year $1,335 · end of year $1,593

  • 11 · Investments: publicly traded securities

    beginning of year $3,209,366 · end of year $2,730,517

  • 15 · Other assets

    beginning of year $5,627 · end of year $3,627

  • 17 · Accounts payable and accrued expenses

    beginning of year $334,818 · end of year $335,329

  • 23 · Secured mortgages and notes payable

    beginning of year $158,357 · end of year $154,962

  • 27 · Net assets without donor restrictions

    beginning of year $6,133,099 · end of year $6,398,934

  • 28 · Net assets with donor restrictions

    beginning of year $4,755 · end of year $68,360

Mission and programs · 2024

Mission

I-LEAD IS A COMMUNITY BASED NON-PROFIT SCHOOL THAT WORKS TO IMPROVE LOCAL QUALITY OF LIFE BY HELPING TO STRENGTHEN CITIZENS AS EFFECTIVE COMMUNITY LEADERS.

  • SINCE 1995, I-LEAD HAS WORKED AS AN INNOVATIVE AND IMPACTFUL FORCE FOR IMPROVING QUALITY OF LIFE AND ECONOMIC EQUITY IN UNDERSERVED COMMUNITIES IN SOUTHEASTERN PENNSYLVANIA.I-LEAD HELPS LOW-INCOME CLIENTS TRANSCEND THE PRIMARY BARRIERS FACED BY WORKING ADULTS WHEN PURSUING EDUCATION, WORKFORCE SKILLS, AND ECONOMIC OPPORTUNITY: TIME, COST, PREPAREDNESS, AND LACK OF FAMILIARITY WITH EDUCATION AND WORKFORCE DEVELOPMENT SYSTEMS. NEARLY 90% OF I-LEAD'S CLIENTS ARE WOMEN OF COLOR BETWEEN THE AGES OF 25 AND 50; MORE THAN 50% HAVE CHILDREN AT HOME. SINCE ITS INCEPTION, I-LEAD HAS HELPED MORE THAN 1,400 NONTRADITIONAL ADULT LEARNERS EARN WORKFORCE COMPETENCIES ALIGNED WITH HIGHER EDUCATION CREDENTIALS LEADING TO IMPROVED ECONOMIC OPPORTUNITY. I-LEAD ALSO WORKS INTENSIVELY WITH LOCAL PARTNERS TO DEVELOP STRATEGIES TO OVERCOME THE BARRIERS TO CAREER DEVELOPMENT AND HIGHER EDUCATION ATTACHMENT CONFRONTING SYSTEM-INVOLVED YOUTH. IN PENNSYLVANIA, APPROXIMATELY 1,100 YOUTH AGE OUT OF THE FOSTER CARE SYSTEM ANNUALLY. MOST OFTEN THEY LEAVE THE SYSTEM WITH FEW FINANCIAL RESOURCES, LIMITED EDUCATIONAL ACHIEVEMENT, AND CONSEQUENTLY, VERY LIMITED EMPLOYMENT OPPORTUNITIES. 95% WILL LEAVE THE SYSTEM WITH NO SOURCE OF INCOME. THOUGH SOME WILL HAVE STABLE RELATIONSHIPS WITH SUPPORTIVE ADULTS, THE MAJORITY DO NOT. AS THEY EMERGE FROM CARE, MANY CONFRONT CHALLENGES SUCH AS UNPLANNED PREGNANCY, INVOLVEMENT WITH THE JUDICIAL SYSTEM, HOMELESSNESS, AND ADDICTION. NEARLY HALF OF PENNSYLVANIA'S FOSTER CARE YOUTH REMAIN UNEMPLOYED FOUR YEARS AFTER AGING OUT OF THE SYSTEM.

    Expenses $2,014,129 · Revenue $1,244,051

As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • DAVID CASTRO

    PRESIDENT & CEO

    Total calculated
    $212,223
    From this org
    $212,223
    From related orgs
    $0
    Other
    $0
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $212,223
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $212,223

  • DAVID MAOLA

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • ROBERT JEFFERSON

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • LYNNE M ABRAHAM

    BOARD CHAIR

    Total calculated
    $0
    Hours/week
    5

  • SUSAN HERRON

    SECRETARY

    Total calculated
    $0
    Hours/week
    2

  • JOSEPH AMPREY

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • ANGEL FIGUEROA

    SENIOR VICE PRESIDENT

    Total calculated
    $136,751
    From this org
    $129,461
    From related orgs
    $0
    Other
    $7,290
    Hours/week
    50

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 · 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.

  • I-LEAD FOUNDATION LLC

    RENTAL PROPERTY · PA

    Directly controlled by THE INSTITUTE FOR LEADERSHIP EDUCATION ADVANCEMENT AND DEVELOPMENT INC

Related partnerships

Part III: related organizations taxable as a partnership, with the filer's share.

Provenance

Return type
form_990
Tax year
2024
Filed
12 May 2026
IRS schema version
2024v5.5
Source object
202611329349303331

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