Lead Academy
- Assets
- $17.5m
- Revenue
- $4.6m
- Investments
- $0.0
- Employees
- 63
- Location
- Greenville, SC
- Founding
- 09/2009
- Data as of
- 06/2022
- EIN
- 27-0264738
Organization Overview
Lead Academy is located in Greenville, SC. The organization was established in 2009. According to its NTEE Classification (B25) the organization is classified as: Secondary & High Schools, under the broad grouping of Education and related organizations. As of 06/2022, Lead Academy employed 63 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Lead Academy 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 Academy generated $4.6m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 7.4% each year. All expenses for the organization totaled $5.0m during the year ending 06/2022. While expenses have increased by 11.8% 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
TO PREPARE ALL STUDENTS, PARTICULARLY THOSE WHO HAVE NOT BEEN SUCCESSFUL IN TRADITIONAL SCHOOL ENVIRONMENTS; TO EDUCATE SERVANT LEADERS THROUGH A COMMITMENT TO DEVELOP EACH STUDENT IN SEVEN KEY AREAS: LEADERSHIP, SCHOLARSHIP, CHARACTER, TEAMWORK, CREATIVITY, COMMUNITY ENGAGEMENT AND IDENTITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
LEAD ACADEMY IS HELPING ALL STUDENTS DEVELOP THE WORLD CLASS SKILLS AND LIFE AND CAREER CHARACTERISTICS OF THE PROFILE OF THE SOUTH CAROLINA GRADUATE BY CHALLENGING EVERY CHILD TO ACHIEVE AT AN EXCEPTIONALLY HIGH LEVEL, REGARDLESS OF BACKGROUND OR CIRCUMSTANCE. WE SET HIGH EXPECTATIONS FOR OUR STUDENTS THROUGH OUR FOCUS ON THE FOUR EXPECTATIONS THAT GUIDE OUR SCHOOL CULTURE: BE NICE; WORK HARD; SERVE WELL; HAVE FUN. THESE CORE VALUES DRIVE ALL PROGRAMS AND INITIATIVES AT LEAD. THE EL EDUCATION FRAMEWORK IS ALSO EXEMPLIFIED BY PROJECT-BASED LEARNING EXPEDITIONS, WHERE STUDENTS ENGAGE IN INTERDISCIPLINARY, IN-DEPTH STUDY OF COMPELLING TOPICS, IN GROUPS AND IN THEIR COMMUNITY, WITH ASSESSMENT COMING THROUGH CUMULATIVE PRODUCTS, PUBLIC PRESENTATIONS, AND PORTFOLIOS. THE MODEL EMPHASIZES HIGH LEVELS OF STUDENT ENGAGEMENT, ACHIEVEMENT, AND CHARACTER DEVELOPMENT. PARTNERSHIPS THAT PROVIDED INCREASED OPPORTUNITIES TO OUR STUDENTS WERE FORMED WITH THE UNITED WAY OF GREENVILLE COUNTY, GOODWILL GOODGUIDES, AND THE ROTARY CLUB OF GREENVILLE. THESE ORGANIZATIONS SUPPORTED OUR EXTENDED DAY PROGRAM, PROVIDED TECHNOLOGY FOR OUR 1:1 CHROMEBOOK PROGRAM, ASSIGNED MENTORS, ASSISTED WITH COLLEGE AND CAREER PLANNING, AND ENGAGED OUR STUDENTS IN REGULAR CHARACTER EDUCATION LESSONS. OUR STUDENTS HAD THE OPPORTUNITY TO PARTICIPATE IN A NUMBER OF EXTRACURRICULAR ACTIVITIES AND CLUBS INCLUDING HONOR BAND, ATHLETIC LEAGUES,
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Elias S Surkin Board Chair | OfficerTrustee | 8 | $0 |
Milton Shockley Treasurer | OfficerTrustee | 6 | $0 |
Rebecca Faulkner Director | Trustee | 2 | $0 |
Courtney Burnett Director | Trustee | 2 | $0 |
Michana Talley Director | Trustee | 2 | $0 |
Paul Thompson Director | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $2,033 |
| Related organizations | $0 |
| Government grants | $4,457,340 |
| All other contributions, gifts, grants, and similar amounts not included above | $67,142 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $4,526,515 |
| Total Program Service Revenue | $37,115 |
| Investment income | $1,250 |
| 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 | $4,564,880 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,199,003 |
| Pension plan accruals and contributions | $75,782 |
| Other employee benefits | $350,678 |
| Payroll taxes | $157,743 |
| Fees for services: Management | $5,500 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $8,700 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $130,776 |
| Advertising and promotion | $13,689 |
| Office expenses | $315,162 |
| Information technology | $73,588 |
| Royalties | $0 |
| Occupancy | $206,209 |
| Travel | $23,058 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $703,505 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $245,059 |
| Insurance | $37,604 |
| All other expenses | $52,668 |
| Total functional expenses | $5,027,604 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,649,620 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $177,740 |
| 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 | $55,191 |
| Net Land, buildings, and equipment | $13,622,343 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $17,504,894 |
| Accounts payable and accrued expenses | $136,196 |
| Grants payable | $0 |
| Deferred revenue | $8,751 |
| 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 | $16,078,333 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $550 |
| Total liabilities | $16,223,830 |
| 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 | $1,281,064 |
| Total liabilities and net assets/fund balances | $17,504,894 |