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← LEADERS EDUCATION FOUNDATION INC

Form 990 for tax year 2023

Filed by LEADERS EDUCATION FOUNDATION INC.

Totals

Total revenue
$269,531
Total expenses
$163,697
Contributions and grants received
$250,575
Grants paid
$148,345
Program service revenue
$0
Investment income
$18,956
Other revenue
$0
Total assets, end of year
$585,048
Total liabilities, end of year
$383
Net assets or fund balances, end of year
$584,665
Program services expenses (Part IX)
$148,345
Management and general expenses
$15,352
Fundraising expenses
$0
Program service expenses (Part III)
$148,345

Program services were 90.6% 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.

  • 1b · Membership dues

    $24,563

  • 1f · All other contributions, gifts and grants

    $226,012

  • 3 · Investment income

    total $18,956 · excluded $18,956

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $40,050 · program services $40,050

  • 2 · Grants to domestic individuals

    total $108,295 · program services $108,295

  • 12 · Advertising and promotion

    total $1,716 · management and general $1,716

  • 13 · Office expenses

    total $64 · management and general $64

  • 14 · Information technology

    total $6,727 · management and general $6,727

  • 19 · Conferences, conventions and meetings

    total $4,271 · management and general $4,271

  • 23 · Insurance

    total $923 · management and general $923

  • 24a · Other expenses: OTHER EXPENSES

    total $1,081 · management and general $1,081

  • 24b · Other expenses: ANNUAL MEETING

    total $352 · management and general $352

  • 24c · Other expenses: POSTAGE

    total $176 · management and general $176

  • 24d · Other expenses: CU CHARGES AND FEES

    total $42 · management and general $42

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $141,340 · end of year $118,886

  • 2 · Savings and temporary cash investments

    beginning of year $337,765 · end of year $466,162

  • 25 · Other liabilities

    beginning of year $274 · end of year $383

  • 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 $478,831 · end of year $584,665

Mission and programs · 2023

Mission

LEADERS EDUCATION FOUNDATION PROVIDES EDUCATIONAL GRANTS, SCHOLARSHIPS, AND RESOURCES TO OUR COMMUNITY THAT SUPPORT LIFELONG LEARNING, WORKFORCE DEVELOPMENT, AND EDUCATION.

Activities or mission (Part I)

TO UNITE COMMUNITY MEMBERS AND ORGANIZATIONS TO BRING EDUCATIONAL RESOURCES AND OPPORTUNITIES TO EDUCATORS AND STUDENTS OF ALL AGES IN WEST TN. THE FOUNDATION PROVIDES EDUCATIONAL GRANTS, SCHOLARSHIPS, AND RESOURCES TO OUR COMMUNITY THAT SUPPORTS LIFELONG LEARNING, WORKFORCE DEVELOPMENT, AND EDUCATION.

  • THE FOUNDATION PROVIDED 1ST YEAR COLLEGIATE SCHOLARSHIPS TO LOCAL HIGH SCHOOL STUDENTS.

    Expenses $25,000 · Grants $25,000

  • THE FOUNDATION PROVIDES LEADS GRANTS DESIGNED TO ASSIST WEST TENNESSEE EDUCATORS WHO PROMOTE INITIATIVES THAT HELP STUDENTS LEARN, EXPERIENCE, ADVOCATE, DREAM, AND SOLVE.

    Expenses $32,295 · Grants $32,295

  • THE FOUNDATION CONTRIBUTED TO THE UNITED WAY READ TEAM OF WEST TENNESSEE. THE READ TEAM ALLOWS VOLUNTEERS TO PARTNER WITH STUDENTS DURING SCHOOL HOURS TO ASSIST STUDENTS WITH READING INITIATIVES FOR ONE HOUR PER WEEK. THE READ TEAM ALSO SUPPORTS THE WORDS ON WHEELS OR WOW WAGON. THE WOW WAGON IS A TRAILER THAT TRAVELS TO NEIGHBORHOODS IN WEST TENNESSEE TO GIVE FREE BOOKS TO CHILDREN.

    Expenses $20,000 · Grants $20,000

  • THE FOUNDATION PROVIDED POST YEAR 1 COLLEGIATE SCHOLARSHIPS TO PREVIOUS SCHOLARSHIP RECIPIENTS.

    Expenses $31,500 · Grants $31,500

  • THE FOUNDATION CONTRIBUTED TOWARDS THE WESTSTAR FUTURE STARS SUMMIT TO PAY THE COST FOR STUDENTS TO ATTEND THIS PROGRAM.

    Expenses $750 · Grants $750

  • THE FOUNDATION CONTRIBUTED TO THE WESTSTAR WESTTEACH PROGRAM TO SPONSOR PROGRAM COSTS.

    Expenses $4,050 · Grants $4,050

  • LEADERS EDUCATION FOUNDATION WILL AWARD SCHOLARSHIPS UP TO $1,000 TO SUPPORT WEST TENNESSEE STUDENTS WHO ARE ENROLLED IN WORKFORCE READINESS PROGRAMS OR ARE PURSUING INDUSTRY CERTIFICATIONS THROUGH WEST TENNESSEE COMMUNITY COLLEGES, THE TENNESSEE COLLEGE OF APPLIED TECHNOLOGY OR THE WILLIAM R. MOORE COLLEGE OF TECHNOLOGY. THE SCHOLARSHIP FUNDS CAN BE USED FOR TUITION, PURCHASING ASSOCIATED SUPPLIES, BOOKS OR MATERIALS, TESTING FEES OR OTHER RELATED COSTS ASSOCIATED WITH THE PROGRAM OR CERTIFICATION.

    Expenses $19,500 · Grants $19,500

  • BALLET ARTS GRANT TO FURTHER THEIR EXEMPT MISSION. LEADERS EDUCATION FOUNDATION IS THE SCHOOL PERFORMANCE SPONSOR FOR BALLET ARTS OF JACKSON'S 2023-24 SEASON, ALLOWING HUNDREDS OF MORE CHILDREN FROM SCHOOL DISTRICTS ACROSS WEST TENNESSEE TO EXPERIENCE A LIVE BALLET PERFORMANCE. THIS GRANT PROVIDES FUNDS TO FINANCE PERFORMANCES, COVER THE ADMISSION OF STUDENTS, AND PROVIDE TRANSPORTATION TO ATTEND PERFORMANCES. ADMISSION AND PERFORMANCES WHICH WOULD BE BARRIERS THAT WOULD KEEP STUDENTS FROM ATTENDING A BALLET PERFORMANCE.

    Expenses $6,000 · Grants $6,000

  • VARIOUS GRANTS TO OTHER EDUCATIONAL RELATED NONPROFITS TO FURTHER THEIR EXEMPT PURPOSES AND PROVIDE RELATED SCHOLARSHIPS.

    Expenses $9,250 · Grants $9,250

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Ron Hill

    CHAIR AND DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Eddie Hays

    SEC & VICE CHAIR/DIR

    Total calculated
    $0
    Hours/week
    1

  • Karen Taylor

    TREASURER AND DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Stephanie Riley

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Mary Lou Adams

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Yvette Blue

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Eddie Mae Pirtle

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Greg Hammond

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Stanley Sanders

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Leigh Anne Bentley

    PRESIDENT

    Total calculated
    $0
    Hours/week
    7

  • Leigh O'Neill

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    6

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

Provenance

Return type
form_990
Tax year
2023
Filed
15 November 2024
IRS schema version
2023v5.1
Source object
202413209349307446

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