Lead Education Group Inc
- Assets
- $147.9k
- Revenue
- $389.5k
- Investments
- $0.0
- Employees
- 8
- Location
- Wheaton, IL
- Founding
- 12/2011
- Data as of
- 12/2021
- EIN
- 27-2456254
Organization Overview
Lead Education Group Inc is located in Wheaton, IL. The organization was established in 2011. 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 12/2021, Lead Education Group Inc employed 8 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Lead Education Group 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 12/2021, Lead Education Group Inc generated $389.5k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 3.5% each year. All expenses for the organization totaled $446.0k during the year ending 12/2021. 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
TO PROVIDE TRANSFORMATIONAL EDUCATION IN VARIOUS COUNTRIES THROUGHOUT THE WORLD. THE MISSION IS ACCOMPLISHED THROUGH THE FOLLOWING INITIATIVES: STARTING ENGLISH-SPEAKING SCHOOLS, PROVIDING TEACHERS FOR NATIONAL SCHOOLS, TEACHER TRAINING, ENGLISH TUTORING & EDUCATION FOR THE DEAF.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE TRANSFORMATIONAL EDUCATION IN VARIOUS COUNTRIES THROUGHOUT THE WORLD. THIS MISSION IS ACCOMPLISHED PRIMARILY THROUGH THE ESTABLISHMENT OF ENGLISH SPEAKING INTERNATIONAL SCHOOLS.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dr Stephen Beck Executive Director | Officer | 50 | $7,200 |
Mr Robert Knapp Secretary | OfficerTrustee | 1 | $0 |
Mr Donald Beaver Board Member | Trustee | 1 | $0 |
Dr Kitty Purgason Board Member | Trustee | 1 | $0 |
Mr Bob Fisher Board Member | Trustee | 1 | $0 |
Dr Amie Sarker Board Member | Trustee | 1 | $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 | $389,479 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $389,479 |
| Total Program Service Revenue | $0 |
| Investment income | $55 |
| 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 | $389,534 |
| 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 | $88,063 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $25,200 |
| Compensation of current officers, directors, key employees. | $1,512 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $224,119 |
| 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 | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $3,662 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $25,979 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $2,483 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $6,324 |
| All other expenses | $5,398 |
| Total functional expenses | $446,032 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $147,747 |
| 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 | $200 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $147,947 |
| Accounts payable and accrued expenses | $2,198 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $3,658 |
| Total liabilities | $5,856 |
| Net assets without donor restrictions | $98,908 |
| Net assets with donor restrictions | $43,183 |
| 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 | $147,947 |
Grants Recieved
Over the last fiscal year, we have identified 4 grants that Lead Education Group Inc has recieved totaling $15,869.
| Awarding Organization | Amount |
|---|---|
American Online Giving Foundation Inc Newark, DE PURPOSE: GENERAL SUPPORT | $5,324 |
American Online Giving Foundation Inc Newark, DE PURPOSE: GENERAL SUPPORT | $5,324 |
National Christian Charitable Foundation Inc Alpharetta, GA PURPOSE: GROWTH | $5,200 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $21 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Four Lakes Education Inc Mcfarland, WI | $19,510,761 | $31,025,737 |
Spencer Foundation Chicago, IL | $670,624,797 | $32,472,140 |
Childrens First Fund The Chicago Public School Foundation Chicago, IL | $26,791,850 | $26,985,163 |
Inside Track Impact Inc Indianapolis, IN | $23,220,663 | $19,614,456 |
Lycee Francais De Chicago Inc Chicago, IL | $48,724,560 | $20,322,112 |
Strada Collaborative Inc Indianapolis, IN | $87,757,237 | $36,146,755 |
Sertoma Centre Inc Alsip, IL | $22,208,490 | $17,472,414 |
Connected Nation Inc Bowling Green, KY | $5,021,239 | $16,572,653 |
National Association Of State Procurement Officials Lexington, KY | $137,920,901 | $31,374,950 |
Cross Trails Medical Center Cape Girardeau, MO | $16,622,925 | $13,747,968 |
Institute For Quality Education Inc Indianapolis, IN | $12,107,092 | $12,010,135 |
Lac Courte Oreilles Ojibwe School Hayward, WI | $14,755,136 | $9,679,407 |