Lead Program In Business
- Assets
- $158.9k
- Revenue
- $555.3k
- Investments
- $0.0
- Employees
- 5
- Location
- Atlanta, GA
- Founding
- 09/1980
- Data as of
- 12/2020
- EIN
- 23-2139831
Organization Overview
Lead Program In Business is located in Atlanta, GA. The organization was established in 1980. According to its NTEE Classification (S41) the organization is classified as: Chambers of Commerce & Business Leagues, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 12/2020, Lead Program In Business employed 5 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Lead Program In Business 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 12/2020, Lead Program In Business generated $555.3k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (13.7%) each year. All expenses for the organization totaled $605.2k during the year ending 12/2020. As we would expect to see with falling revenues, expenses have declined by (5.9%) per year over the past 6 years. 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
2020
Describe the Organization's Mission:
Part 3 - Line 1
THE MISSION IS TO ADDRESS HIGHER EDUCATION ACCESS AND CAREER PREPARATION BY OPTIMIZING CROSS-SECTOR COLLABORATIONS AND GLOBAL PARTNERSHIPS THAT FOCUS ON IDENTIFIYING AND NURTURING HIGH POTENTIAL YOUTH OF DIVERSE BACKGROUNDS BY DEVELOPING THEM INTO HIGH ACHIEVERS AND RESPONSONSIBLE LEADERS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SUMMER UNIVERSITY & COLLEGE INSTITUTES AND PROGRAMS FOR HIGH SCHOOL STUDENTS. THESE PROGRAMS AND INSTITUTES WERE HELD ON A VARIETY OF COLLEGE CAMPUSES AND WERE SUCCESSFUL IN INTRODUCING THE STUDENTS TO COMPUTER SCIENCE, ENGINEERING AND BUSINESS. EACH PROGRAM OR INSTITUTE WAS 2 OR 3 WEEKS LONG AND PROVIDED A COMPREHENSIVE EXPOSURE, IN A PARTICULAR DISCIPLINE, TO A DIVERSE GROUP OF HIGH SCHOOL STUDENTS WHO OTHERWISE MAY NEVER HAVE HAD SUCH AN OPPORTUNITY BEFORE GRADUATING FROM HIGH SCHOOL.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Lawrence M Drake II President & CEO | OfficerTrustee | 55 | $208,750 |
Michele Pickett Key Employee | Officer | 20 | $36,660 |
Maxine Coleman Secretary | Trustee | 0 | $0 |
James Pickett Board Member | Trustee | 0 | $0 |
Milton Irvine Board Chairman | Trustee | 0 | $0 |
Julie Staggs Board Member | Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $37,680 |
| All other contributions, gifts, grants, and similar amounts not included above | $160,877 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $198,557 |
| Total Program Service Revenue | $356,769 |
| Investment income | $0 |
| 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 | $555,326 |
| 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. | $208,750 |
| Compensation of current officers, directors, key employees. | $29,225 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $36,660 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $2,489 |
| Payroll taxes | $13,615 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $103,067 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $8,892 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $16,413 |
| Interest | $2,234 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $233 |
| Insurance | $3,660 |
| All other expenses | $51,406 |
| Total functional expenses | $605,246 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $156,213 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $871 |
| 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 | $0 |
| Net Land, buildings, and equipment | $1,767 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $158,851 |
| Accounts payable and accrued expenses | $32,762 |
| 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 | $96,329 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $150,000 |
| Other liabilities | $0 |
| Total liabilities | $279,091 |
| Net assets without donor restrictions | -$120,240 |
| 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 | $158,851 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Lead Program In Business has recieved totaling $101,027.
| Awarding Organization | Amount |
|---|---|
Goldman Sachs Philanthropy Fund New York, NY PURPOSE: MEDICAL / PUBLIC SERVICES | $67,000 |
| $34,020 | |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $7 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
National Federation Of Independent Business Inc Nashville, TN | $77,203,691 | $109,079,617 |
North American Electric Reliabilitycorporation Atlanta, GA | $65,227,333 | $81,782,902 |
Gsma Ltd Atlanta, GA | $262,728,803 | $123,320,595 |
Institute Of Internal Auditors Lake Mary, FL | $101,351,692 | $59,361,984 |
Srcco Inc Durham, NC | $42,497,453 | $49,465,239 |
Florida Association Of Realtors Orlando, FL | $96,568,925 | $47,578,542 |
National Association Of State Boards Of Accountancy Inc Nashville, TN | $83,126,370 | $38,317,801 |
Southern Motor Carriers Association Inc Peachtree City, GA | $87,365,051 | $35,375,343 |
Unc Management Company Inc Chapel Hill, NC | $53,097,067 | $30,528,524 |
American Welding Society Inc Miami, FL | $147,619,451 | $41,705,708 |
Serc Reliability Corporation Charlotte, NC | $16,241,101 | $25,718,150 |
American Society Of Heating Refrigerating & A-C Engineers Peachtree Corners, GA | $58,779,760 | $22,960,689 |