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← LEADERSHIP DEVELOPMENT SEMINARS

Form 990 for tax year 2023

Filed by LEADERSHIP DEVELOPMENT SEMINARS.

Totals

Total revenue
$1,057,257
Total expenses
$980,812
Contributions and grants received
$988,310
Grants paid
$106,150
Program service revenue
$68,947
Investment income
$0
Other revenue
$0
Total assets, end of year
$188,370
Total liabilities, end of year
$13,029
Net assets or fund balances, end of year
$175,341
Program services expenses (Part IX)
$778,400
Management and general expenses
$155,714
Fundraising expenses
$46,698
Program service expenses (Part III)
$778,400

Program services were 79.4% 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

    $988,310

  • 2a · Program service revenue: Breakfast & other fees

    total $68,947 · related or exempt $68,947

Functional expenses

Part IX, the statement of functional expenses.

  • 3 · Grants to foreign organizations and individuals

    total $106,150 · program services $106,150

  • 5 · Compensation of officers, directors and key employees

    total $60,100 · program services $24,040 · management and general $24,040 · fundraising $12,020

  • 7 · Other salaries and wages

    total $321,393 · program services $250,410 · management and general $37,275 · fundraising $33,708

  • 10 · Payroll taxes

    total $8,089 · program services $5,819 · management and general $1,300 · fundraising $970

  • 11c · Fees: accounting

    total $69,920 · management and general $69,920

  • 11g · Fees: other

    total $113,595 · program services $113,595

  • 13 · Office expenses

    total $43,926 · program services $26,976 · management and general $16,950

  • 17 · Travel

    total $57,484 · program services $55,649 · management and general $1,835

  • 23 · Insurance

    total $589 · management and general $589

  • 24a · Other expenses: Prayer Breakfasts costs

    total $128,342 · program services $127,780 · management and general $562

  • 24b · Other expenses: Administrative services

    total $49,280 · program services $49,280

  • 24c · Other expenses: Meals

    total $12,636 · program services $9,393 · management and general $3,243

  • 24d · Other expenses: Audio/video production

    total $9,308 · program services $9,308

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $99,313 · end of year $183,537

  • 3 · Pledges and grants receivable

    end of year $94

  • 15 · Other assets

    beginning of year $5,178 · end of year $4,739

  • 17 · Accounts payable and accrued expenses

    beginning of year $5,595 · end of year $13,029

  • 27 · Net assets without donor restrictions

    beginning of year $98,896 · end of year $175,341

Mission and programs · 2023

Mission

Provide settings for student leaders to interact with adult Christian leaders.

  • Russia: In the fiscal year July 1, 2023, through June 30, 2024, activity was pretty consistent from the previous year. One of our associates was able to spend 5 days in Russia to speak at the National Prayer Breakfast for the first time in 2+ years since the start of the war. The message and teaching of the key principles of Jesus (loving and serving others as Jesus did) to young adults continues along with the ongoing support of orphans, widows, and disadvantaged youth was also able to continue.

    Expenses $249,972 · Grants $106,150

  • Prayer Breakfasts: In October and November 2023, we hosted 3 King County Prayer Breakfast events in the local Seattle Metropolitan area. We had close to 400 in attendance. In February 2024, a delegation of approximately 60 people were taken to Washington, DC, for a four-day gathering that included activities associated with the National Prayer Breakfast gathering.

    Expenses $171,347 · Revenue $68,947

  • Discipling Men and Women in Leadership: Several small groups met together weekly throughout the academic year. This includes groups with university students at the University of Washington. It also includes the Women's Fellows, a post-college group; The director of the program held dinners with members of past years' groupsAdoration House: Weekly gatherings held in a university district to care for the broader community.Take Root Podcast: Interviews conducted with people about their personal experiences.

    Expenses $247,172

  • The Weekend: This annual gathering was in person in Central Oregon and approximately 230 attended.

    Expenses $109,909

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

Listed in Part VII

  • Alyssa Petrie

    Chair

    Total calculated
    $0
    Hours/week
    3

  • Michael Miller

    Treasurer

    Total calculated
    $0
    Hours/week
    3

  • Becka Magnenat

    Board

    Total calculated
    $2,640
    From this org
    $2,640
    From related orgs
    $0
    Other
    $0
    Hours/week
    1

  • Scott Hardman

    Board

    Total calculated
    $0
    Hours/week
    1

  • Russ Johnson

    Board

    Total calculated
    $0
    Hours/week
    1

  • Toms Lee

    Board

    Total calculated
    $0
    Hours/week
    1

  • Kristin Lee

    Board

    Total calculated
    $0
    Hours/week
    1

  • Rick Wong

    Board

    Total calculated
    $0
    Hours/week
    1

  • Garrick Pang

    Executive Director-partial year

    Total calculated
    $0
    Hours/week
    40

  • Alexis Phillips

    Executive Director-partial year

    Total calculated
    $59,582
    From this org
    $25,082
    From related orgs
    $0
    Other
    $34,500
    Hours/week
    40

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
2023
Filed
8 November 2024
IRS schema version
2023v5.1
Source object
202443139349304579

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