Institute For Leadership Education Advancement & Development Inc
- Assets
- $5.7m
- Revenue
- $1.9m
- Investments
- $0.0
- Employees
- 48
- Location
- Bryn Mawr, PA
- Founding
- 10/2000
- Data as of
- 06/2022
- EIN
- 23-2821833
Organization Overview
Institute For Leadership Education Advancement & Development Inc is located in Bryn Mawr, PA. The organization was established in 2000. According to its NTEE Classification (B99) the organization is classified as: Education N.E.C., under the broad grouping of Education and related organizations. As of 06/2022, Institute For Leadership Education Advancement & Development Inc employed 48 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Institute For Leadership Education Advancement & Development 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, Institute For Leadership Education Advancement & Development Inc generated $1.9m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (9.2%) each year. All expenses for the organization totaled $1.9m during the year ending 06/2022. As we would expect to see with falling revenues, expenses have declined by (6.9%) per year over the past 7 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
I-LEAD IS A COMMUNITY BASED NON-PROFIT SCHOOL THAT WORKS TO IMPROVE LOCAL QUALITY OF LIFE BY HELPING TO STRENGTHEN CITIZENS AS EFFECTIVE COMMUNITY LEADERS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SINCE 1995, I-LEAD HAS WORKED AS AN INNOVATIVE AND IMPACTFUL FORCE FOR IMPROVING QUALITY OF LIFE AND ECONOMIC EQUITY IN UNDERSERVED COMMUNITIES IN SOUTHEASTERN PENNSYLVANIA.I-LEAD HELPS LOW-INCOME CLIENTS TRANSCEND THE PRIMARY BARRIERS FACED BY WORKING ADULTS WHEN PURSUING EDUCATION, WORKFORCE SKILLS, AND ECONOMIC OPPORTUNITY: TIME, COST, PREPAREDNESS, AND LACK OF FAMILIARITY WITH EDUCATION AND WORKFORCE DEVELOPMENT SYSTEMS. NEARLY 90% OF I-LEAD'S CLIENTS ARE WOMEN OF COLOR BETWEEN THE AGES OF 25 AND 50; MORE THAN 50% HAVE CHILDREN AT HOME. SINCE ITS INCEPTION, I-LEAD HAS HELPED MORE THAN 1,400 NONTRADITIONAL ADULT LEARNERS EARN WORKFORCE COMPETENCIES ALIGNED WITH HIGHER EDUCATION CREDENTIALS LEADING TO IMPROVED ECONOMIC OPPORTUNITY. I-LEAD ALSO WORKS INTENSIVELY WITH LOCAL PARTNERS TO DEVELOP STRATEGIES TO OVERCOME THE BARRIERS TO CAREER DEVELOPMENT AND HIGHER EDUCATION ATTACHMENT CONFRONTING SYSTEM-INVOLVED YOUTH. IN PENNSYLVANIA, APPROXIMATELY 1,100 YOUTH AGE OUT OF THE FOSTER CARE SYSTEM ANNUALLY. MOST OFTEN THEY LEAVE THE SYSTEM WITH FEW FINANCIAL RESOURCES, LIMITED EDUCATIONAL ACHIEVEMENT, AND CONSEQUENTLY, VERY LIMITED EMPLOYMENT OPPORTUNITIES. 95% WILL LEAVE THE SYSTEM WITH NO SOURCE OF INCOME. THOUGH SOME WILL HAVE STABLE RELATIONSHIPS WITH SUPPORTIVE ADULTS, THE MAJORITY DO NOT. AS THEY EMERGE FROM CARE, MANY CONFRONT CHALLENGES SUCH AS UNPLANNED PREGNANCY, INVOLVEMENT WITH THE JUDICIAL SYSTEM, HOMELESSNESS, AND ADDICTION. NEARLY HALF OF PENNSYLVANIA'S FOSTER CARE YOUTH REMAIN UNEMPLOYED FOUR YEARS AFTER AGING OUT OF THE SYSTEM.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
David Castro President & CEO | OfficerTrustee | 50 | $209,000 |
David Maola Board Member | Trustee | 2 | $0 |
Lynne M Abraham Board Chair | Trustee | 5 | $0 |
Robert Natalini Board Member | Trustee | 2 | $0 |
Susan Herron Secretary | OfficerTrustee | 2 | $0 |
Angel Figueroa Senior Vice President | Officer | 50 | $172,470 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $173,600 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $173,600 |
| Total Program Service Revenue | $1,715,596 |
| Investment income | $11,414 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $2,681 |
| 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 | $1,934,098 |
| 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. | $551,283 |
| Compensation of current officers, directors, key employees. | $44,158 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $473,837 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $44,576 |
| Payroll taxes | $80,492 |
| Fees for services: Management | $1,000 |
| Fees for services: Legal | $3,505 |
| Fees for services: Accounting | $11,700 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $5,794 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $803 |
| Occupancy | $20,419 |
| Travel | $1,987 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $2,704 |
| Interest | $3,953 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $23,658 |
| Insurance | $6,102 |
| All other expenses | $34,716 |
| Total functional expenses | $1,918,498 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,359,512 |
| Savings and temporary cash investments | $300,632 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $889,834 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $156,732 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $2,680 |
| Net Land, buildings, and equipment | $922,674 |
| Investments—publicly traded securities | $1,082,000 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $5,714,064 |
| Accounts payable and accrued expenses | $220,530 |
| 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 | $153,953 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $374,483 |
| Net assets without donor restrictions | $5,339,581 |
| 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 | $5,714,064 |