Lead Foundation Inc
- Assets
- $62.3k
- Revenue
- $265.2k
- Investments
- $0.0
- Employees
- 0
- Location
- Hamburg, MI
- Founding
- 02/2011
- Data as of
- 12/2022
- EIN
- 26-4307513
Organization Overview
Lead Foundation Inc is located in Hamburg, MI. The organization was established in 2011. According to its NTEE Classification (P12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Human Services and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Lead Foundation 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 12/2022, Lead Foundation Inc generated $265.2k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 2.9% each year. All expenses for the organization totaled $258.0k during the year ending 12/2022. 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
THE ORGANIZATION'S MISSION IS TO PROVIDE VOLUNTEER RESOURCES FOR NON-PROFIT ORGANIZATIONS, ASSIST NON-PROFIT ORGANIZATIONS IN THE COMMUNITY TO HELP THEM ACHIEVE THEIR RESPECTIVE GOALS, FUNDRAISING INITIATIVES FOR FAMILIES IN CRISIS AND/OR NEED, SCHOLARSHIP FUNDING TO STUDENT ATHLETES, PROVIDING LEADERSHIP AND EDUCATION TRAINING FOR HIGH SCHOOL, MIDDLE SCHOOL AND ELEMENTARY STUDENTS THROUGH MENTORSHIP PROGRAMS, PROVIDE HEALTH AND WELLNESS EDUCATION FOR THE GENERAL PUBLIC, PROVIDE SOCIAL AWARENESS AND SUBSTANCE ABUSE PREVENTION TO THE YOUTH, AND PROVIDE HUMANITARIAN SUPPORT FOR LOCAL, REGIONAL, NATIONAL, AND INTERNATIONAL COMMUNITIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
GRANTS TO ORGANIZATIONS FOR AMATEUR FOOTBALL PROGRAMS, EDUCATION PROGRAMS, SCHOLARSHIPS FOR THIS RELATED PROGRAMS, AND GENERAL OPERATING COSTS. ALSO INCLUDING GRANTS TO STUDENT ATHLETES FOR MEDICAL HELP.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Justin Cessante Executive Director | Trustee | 20 | $48,100 |
Rodney Goble President | OfficerTrustee | 4 | $0 |
Amy Goble Secretary | OfficerTrustee | 4 | $0 |
Jennifer Hamilton Treasurer | OfficerTrustee | 2 | $0 |
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 | $244,066 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $244,066 |
| Total Program Service Revenue | $0 |
| 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 | $21,089 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $265,155 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $29,685 |
| 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. | $48,100 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $7,525 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $24,478 |
| Advertising and promotion | $22,401 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $5,000 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $2,298 |
| Insurance | $0 |
| All other expenses | $13,303 |
| Total functional expenses | $258,026 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $44,673 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 | $17,640 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $62,313 |
| Accounts payable and accrued expenses | $10,500 |
| 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 | $18,754 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $29,254 |
| Net assets without donor restrictions | $0 |
| 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 | $33,059 |
| Total liabilities and net assets/fund balances | $62,313 |
Grants Awarded
Over the last fiscal year, Lead Foundation Inc has awarded $13,999 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
LEGACY CENTER LLC PURPOSE: EXPANSION OF AMATEUR FOOTBALL PROGRAM, EDUCATIONAL PROGRAMS, AND GENERAL OPERATING SUPPORT. | $8,999 |
Saline, MI PURPOSE: TO INSPIRE AND FUND GAME-CHANGING RESEARCH TO DISCOVER EFFECTIVE TREATMENTS FOR PEDIATRIC BRAIN CANCER, WITH AN EMPHASIS ON DIFFUSE INTRINSIC PONTINE GLIOMA. | $5,000 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Lead Foundation Inc has recieved totaling $150,000.
| Awarding Organization | Amount |
|---|---|
Schwab Charitable Fund San Francisco, CA PURPOSE: HUMAN SERVICES | $145,000 |
The Alvin L Glick Foundation Jackson, MI PURPOSE: GENERAL OPERATING | $5,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Upcap Services Inc Escanaba, MI | $35,179,292 | $33,596,590 |
Rocket Giving Fund Detroit, MI | $2,590,205 | $13,264,068 |
Veterans Of Foreign Wars Of Ohio Charities Columbus, OH | $6,551,466 | $8,213,931 |
Asias Hope Columbus, OH | $3,429,786 | $3,149,980 |
The Michigan Womens Foundation Detroit, MI | $9,039,514 | $2,557,642 |
Voice Of Judah Israel Inc Fort Wayne, IN | $1,559,331 | $3,178,865 |
Ohio Living Foundation Westerville, OH | $93,570,662 | $6,381,940 |
American Warrior Initiative Inc Madison, WI | $3,298,583 | $1,806,705 |
Sealkids Inc Dublin, OH | $263,356 | $1,692,009 |
Kalamazoo County Ready 4s Kalamazoo, MI | $2,733,635 | $1,299,899 |
The World Orphan Fund Inc Randolph, WI | $777,063 | $1,129,281 |
Sunshine Place Inc Sun Prairie, WI | $2,711,848 | $1,376,571 |