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Nonprofiteer
← LEADS INC

Form 990 for tax year 2022

Filed by LEADS INC.

Totals

Total revenue
$945,554
Total expenses
$798,569
Contributions and grants received
$733,006
Grants paid
$43,650
Program service revenue
$212,523
Investment income
$25
Other revenue
$0
Total assets, end of year
$397,015
Total liabilities, end of year
$20,766
Net assets or fund balances, end of year
$376,249
Program services expenses (Part IX)
$538,925
Management and general expenses
$210,643
Fundraising expenses
$49,001
Program service expenses (Part III)
$538,925

Program services were 67.5% 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)

    $150,000

  • 1f · All other contributions, gifts and grants

    $583,006

  • 2a · Program service revenue: TUITION

    total $212,523 · related or exempt $212,523

  • 3 · Investment income

    total $25 · excluded $25

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $43,650 · program services $43,650

  • 5 · Compensation of officers, directors and key employees

    total $314,012 · program services $206,410 · management and general $81,801 · fundraising $25,801

  • 7 · Other salaries and wages

    total $50,804 · program services $35,474 · management and general $10,895 · fundraising $4,435

  • 9 · Other employee benefits

    total $5,903 · program services $3,532 · management and general $1,564 · fundraising $807

  • 10 · Payroll taxes

    total $18,892 · program services $14,869 · management and general $2,164 · fundraising $1,859

  • 11c · Fees: accounting

    total $42,786 · management and general $42,786

  • 11g · Fees: other

    total $106,716 · program services $60,568 · management and general $30,085 · fundraising $16,063

  • 13 · Office expenses

    total $25,354 · program services $18,980 · management and general $6,374

  • 16 · Occupancy

    total $70,829 · program services $70,694 · management and general $135

  • 17 · Travel

    total $2,202 · program services $1,528 · management and general $674

  • 19 · Conferences, conventions and meetings

    total $77,113 · program services $70,220 · management and general $6,857 · fundraising $36

  • 23 · Insurance

    total $1,264 · management and general $1,264

  • 24a · Other expenses: BAD DEBT

    total $38,000 · program services $13,000 · management and general $25,000

  • 24b · Other expenses: MISCELLANEOUS EXPENSE

    total $1,044 · management and general $1,044

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $164,023 · end of year $145,963

  • 3 · Pledges and grants receivable

    beginning of year $50,000 · end of year $239,346

  • 4 · Accounts receivable

    beginning of year $15,500 · end of year $8,000

  • 9 · Prepaid expenses and deferred charges

    beginning of year $3,445 · end of year $3,706

  • 17 · Accounts payable and accrued expenses

    beginning of year $3,704 · end of year $20,766

  • 27 · Net assets without donor restrictions

    beginning of year $163,464 · end of year $174,403

  • 28 · Net assets with donor restrictions

    beginning of year $65,800 · end of year $201,846

Mission and programs · 2022

Mission

TO CREATE A FUTURE FOR GATEWAY CITIES WHERE EXISTING AND EMERGING LEADERS CONNECT AND COLLABORATE ACROSS SECTORS TO AMPLIFY THEIR SKILLS AND TALENTS.

  • THE LEADS FELLOWSHIP IS A 10-MONTH EXECUTIVE LEADERSHIP PROGRAM, DESIGNED AND DELIVERED BY HARVARD BUSINESS SCHOOL INSTRUCTORS AND CUSTOMIZED WITH LOCAL CONEXT AND KNOWLEDGE OF PARTICIPATING GATEWAY CITY LEADERS. THE LEADS NETWORK FURTHER CONNECTS FELLOWS FROM ACROSS COHORTS AND REGIONS AS A ROBUST ALUMNI PLATFORM THROUGH WHICH DISPARATE ACTORS WORK TOGETHER TO MAKE POSITIVE CHANGE, WITH SPECIFIC EMPHASIS ON MAKING SYSTEMS-LEVEL CHANGE ON ISSUES THAT DISPROPORTIONATELY IMPACT UNDERSERVED PARTS OF THE COMMUNITY.

    Expenses $538,925 · Grants $43,650 · Revenue $212,523

As filed on the 2022 return.

Listed in Part VII

  • JEFF BUSSGANG

    CHAIR

    Total calculated
    $0
    Hours/week
    1

  • BOB RIVERS

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • SOCRATES DE LA CRUZ

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • JULIE THURLOW

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • PAMELA HALLAGAN

    EXECUTIVE DI

    Total calculated
    $124,038
    From this org
    $124,038
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

  • DEREK MITCHELL

    PRESIDENT

    Total calculated
    $128,948
    From this org
    $115,451
    From related orgs
    $0
    Other
    $13,497
    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

Provenance

Return type
form_990
Tax year
2022
Filed
30 May 2024
IRS schema version
2022v5.0
Source object
202431519349300328

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