Form 990 for tax year 2024
Filed by LEADERSHIP TRAINING AND EDUCATION FUND.
Totals
- Total revenue
- $2,385,020
- Total expenses
- $2,333,606
- Contributions and grants received
- $0
- Grants paid
- $0
- Program service revenue
- $2,379,573
- Investment income
- $5,447
- Other revenue
- $0
- Total assets, end of year
- $2,327,180
- Total liabilities, end of year
- $1,426,512
- Net assets or fund balances, end of year
- $900,668
- Program services expenses (Part IX)
- $2,194,504
- Management and general expenses
- $139,102
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $2,194,504
Program services were 94.0% 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.
-
2a · Program service revenue: Employer Contributions
total $2,370,014 · related or exempt $2,370,014
-
2b · Program service revenue: Liquidated Damages
total $9,559 · related or exempt $9,559
-
3 · Investment income
total $5,447 · excluded $5,447
Functional expenses
Part IX, the statement of functional expenses.
-
11b · Fees: legal
total $12,016 · management and general $12,016
-
11c · Fees: accounting
total $72,495 · management and general $72,495
-
11g · Fees: other
total $2,235,108 · program services $2,194,504 · management and general $40,604
-
13 · Office expenses
total $7,618 · management and general $7,618
-
19 · Conferences, conventions and meetings
total $1,275 · management and general $1,275
-
23 · Insurance
total $5,094 · management and general $5,094
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $1,114,210 · end of year $1,954,799
-
2 · Savings and temporary cash investments
beginning of year $0 · end of year $163,754
-
4 · Accounts receivable
beginning of year $254,291 · end of year $208,176
-
9 · Prepaid expenses and deferred charges
beginning of year $0 · end of year $451
-
17 · Accounts payable and accrued expenses
beginning of year $361,410 · end of year $540,554
-
25 · Other liabilities
beginning of year $37,498 · end of year $885,958
-
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 $969,593 · end of year $900,668
Mission and programs · 2024
Mission
To provide training classes and reimburse costs incurred in releasing employees for leadership training and education programs.
Activities or mission (Part I)
To reimburse costs incurred in releasing employees for leadership training and education programs.
-
The purpose of the Fund is to provide training classes and reimburse individual employers for the costs incurred by them in releasing employees for leadership training and education programs. There were approximately 280,000 participants covered by the plan.
Expenses $2,194,504 · Revenue $2,379,573
As filed on the 2024 return.
Listed in Part VII
-
James Beard
Chairman
- Total calculated
- $0
- Hours/week
- 5
-
Andrew Gross Gaitan
Co-Chairman
- Total calculated
- $0
- Hours/week
- 5
-
Mark E Olivas
Trustee
- Total calculated
- $0
- Hours/week
- 5
-
David Huerta
Trustee
- Total calculated
- $0
- Hours/week
- 5
-
Dick Dotts
Trustee
- Total calculated
- $0
- Hours/week
- 5
-
Luis Fuentes
Trustee
- Total calculated
- $0
- Hours/week
- 5
-
Kallista Cervantes
Trustee
- Total calculated
- $0
- Hours/week
- 5
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
- 2024
- Filed
- 8 April 2026
- IRS schema version
- 2024v5.5
- Source object
- 202641049349301514
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