Lead Public Schools Inc
- Assets
- $24.0m
- Revenue
- $42.7m
- Investments
- $0.0
- Employees
- 502
- Location
- Nashville, TN
- Founding
- 07/2007
- Data as of
- 06/2021
- 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 06/2021, Lead Public Schools Inc employed 502 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 06/2021, Lead Public Schools Inc generated $42.7m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 12.0% each year . All expenses for the organization totaled $34.5m during the year ending 06/2021. While expenses have increased by 7.7% per year over the past 6 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
2021
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 2,850 STUDENTS, IN GRADES 5-12, ON FIVE DIFFERENT CAMPUSES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dwayne Tucker CEO | OfficerTrustee | 40 | $203,000 |
Adrienne Useted CFO | Officer | 40 | $167,906 |
Janyesha Brown Head Of Schools | 40 | $167,685 | |
Lavoe Mulgrew Head Of Schools | 40 | $165,324 | |
Christopher Elliott Head Of Academics & Innovation | 40 | $161,848 | |
Tait Danhausen COO | 40 | $160,242 |
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 | $41,959,745 |
| All other contributions, gifts, grants, and similar amounts not included above | $710,128 |
| Noncash contributions included in lines 1a–1f | $34,510 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $42,669,873 |
| Total Program Service Revenue | $35,287 |
| Investment income | $27,952 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $42,742,487 |
| 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. | $416,783 |
| Compensation of current officers, directors, key employees. | $31,250 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $19,430,737 |
| Pension plan accruals and contributions | $1,007,316 |
| Other employee benefits | $2,085,311 |
| Payroll taxes | $1,462,420 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $57,270 |
| Fees for services: Accounting | $153,934 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,516,642 |
| Advertising and promotion | $0 |
| Office expenses | $600,689 |
| Information technology | $348,736 |
| Royalties | $0 |
| Occupancy | $2,521,175 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $242,358 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,324,232 |
| Insurance | $0 |
| All other expenses | $187,483 |
| Total functional expenses | $34,529,503 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $18,152 |
| Savings and temporary cash investments | $12,420,781 |
| Pledges and grants receivable | $1,557,933 |
| Accounts receivable, net | $1,823,055 |
| 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 | $19,370 |
| Net Land, buildings, and equipment | $8,132,522 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $61,441 |
| Total assets | $24,033,254 |
| Accounts payable and accrued expenses | $2,386,205 |
| 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 | $5,837,961 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $8,224,166 |
| Net assets without donor restrictions | $15,764,088 |
| Net assets with donor restrictions | $45,000 |
| 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 | $24,033,254 |
Grants Recieved
Over the last fiscal year, we have identified 4 grants that Lead Public Schools Inc has recieved totaling $1,126,250.
| Awarding Organization | Amount |
|---|---|
Scarlett Family Foundation Nashville, TN PURPOSE: SUPPORT FOR LEADERSHIP DEVELOPMENT | $790,000 |
Scarlett Family Foundation Nashville, TN PURPOSE: SUPPORT FOR LEADERSHIP, PROFESSIONAL DEVELOPMENT | $316,000 |
Schwab Charitable Fund San Francisco, CA PURPOSE: EDUCATION | $10,250 |
Dollar General Literacy Foundation Goodlettsville, TN PURPOSE: ADULT LITERACY | $10,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Drew Charter School Inc Atlanta, GA | $34,692,137 | $41,952,542 |
North Carolina Charter Educational Foundation Inc Mooresville, NC | $93,431,533 | $35,029,413 |
Lead Public Schools Inc Nashville, TN | $24,033,254 | $42,742,487 |
Kipp Nashville Nashville, TN | $80,824,528 | $47,985,945 |
Georgia Connections Academy Charter School Inc Duluth, GA | $22,514,475 | $38,349,918 |
Arkansas Virtual Academy Little Rock, AR | $3,075,159 | $27,721,037 |
Kindezi School Inc Atlanta, GA | $19,750,427 | $21,363,051 |
Kipp Enc Public Schools Gaston, NC | $35,993,575 | $43,410,261 |
Gestalt Community Schools Memphis, TN | $46,137,229 | $27,266,737 |
Foothills Education Center Inc Athens, GA | $29,237,884 | $30,776,964 |
Kipp Memphis Inc Memphis, TN | $24,468,081 | $25,479,805 |
Valor Collegiate Academies Nashville, TN | $48,008,126 | $29,376,935 |