Lead Public Schools Inc
- Assets
- $34.7m
- Revenue
- $52.2m
- Investments
- $0.0
- Employees
- 548
- Location
- Nashville, TN
- Founding
- 07/2007
- Data as of
- 06/2022
- EIN
- 20-2526508
Organization Overview
Lead Public Schools Inc is located in Nashville, TN. The organization was established in 2007. According to its NTEE Classification (B29) the organization is classified as: Charter Schools, under the broad grouping of Education and related organizations. As of 06/2022, Lead Public Schools Inc employed 548 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Lead Public Schools Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2022, Lead Public Schools Inc generated $52.2m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 13.4% each year . All expenses for the organization totaled $40.9m during the year ending 06/2022. While expenses have increased by 9.1% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
SEE SCHEDULE O
Describe the Organization's Program Activity:
Part 3 - Line 4a
LEAD SERVED ABOUT 2,777 STUDENTS, IN GRADES 5-12, ON FOUR DIFFERENT CAMPUSES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Carter Paine Board Chair | OfficerTrustee | 2 | $0 |
Jimmy Patton Treasurer | OfficerTrustee | 2 | $0 |
Kim Ames Director | Trustee | 2 | $0 |
Jonanthan Dyke Director | Trustee | 2 | $0 |
Dr Byran Fisher Director | Trustee | 2 | $0 |
Valerie Hayes Director | Trustee | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
St Vincent Catholic Church Facility Rental Space | 6/29/16 | $169,992 |
Km Services Facility Repairs & Maintenance | 6/29/16 | $118,997 |
Franklin Speech & Hearing Hearing Assessment Services | 6/29/16 | $107,419 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $51,149,171 |
| All other contributions, gifts, grants, and similar amounts not included above | $997,152 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $52,146,323 |
| Total Program Service Revenue | $71,691 |
| Investment income | $35,401 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$93,842 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $52,206,992 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $422,283 |
| Compensation of current officers, directors, key employees. | $21,362 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $21,227,892 |
| Pension plan accruals and contributions | $1,127,069 |
| Other employee benefits | $2,077,767 |
| Payroll taxes | $1,514,669 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $67,912 |
| Fees for services: Accounting | $254,795 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,911,384 |
| Advertising and promotion | $0 |
| Office expenses | $869,730 |
| Information technology | $352,129 |
| Royalties | $0 |
| Occupancy | $3,739,441 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $258,749 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,380,573 |
| Insurance | $0 |
| All other expenses | $723,319 |
| Total functional expenses | $40,865,536 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $23,024 |
| Savings and temporary cash investments | $11,062,669 |
| Pledges and grants receivable | $3,007,587 |
| Accounts receivable, net | $8,508,732 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $397,920 |
| Net Land, buildings, and equipment | $7,535,108 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $4,199,730 |
| Total assets | $34,734,770 |
| Accounts payable and accrued expenses | $3,230,026 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $4,354,200 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $7,584,226 |
| Net assets without donor restrictions | $27,150,544 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $34,734,770 |