Lead 1 Association
- Assets
- $881.1k
- Revenue
- $949.2k
- Investments
- $0.0
- Employees
- 5
- Location
- The Plains, VA
- Founding
- 02/1990
- Data as of
- 12/2021
- EIN
- 31-1239472
Organization Overview
Lead 1 Association is located in The Plains, VA. The organization was established in 1990. According to its NTEE Classification (N60) the organization is classified as: Amateur Sports, under the broad grouping of Recreation & Sports and related organizations. As of 12/2021, Lead 1 Association employed 5 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Lead 1 Association is a 501(c)(6) and as such, is described as a "Business League, Chambers of Commerce, or Real Estate Board" by the IRS.
For the year ending 12/2021, Lead 1 Association generated $949.2k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 2.2% each year. All expenses for the organization totaled $968.0k during the year ending 12/2021. While expenses have increased by 6.2% 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO SPONSOR COLLEGE ATHLETICS ON A NATIONAL LEVEL SERVING THE GROUP'S INFORMATION AND COMMUNITY NEEDS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
EXPENSES INCURRED IN EXECUTING THE ORGANIZATION'S EXEMPT PURPOSE OF SPONSORING COLLEGE ATHLETICS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Thomas Mcmillen CEO | OfficerTrustee | 40 | $360,000 |
Mike Brigante Treasurer | Officer | 40 | $115,000 |
Stan Wilcox Director | Trustee | 2 | $0 |
Eddie Nunez Director | Trustee | 2 | $0 |
Jamie Pollard Director | Trustee | 2 | $0 |
Martin Jarmond Director | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $635,000 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $90,122 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $725,122 |
| Total Program Service Revenue | $224,000 |
| Investment income | $50 |
| 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 | $949,172 |
| 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. | $492,235 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $171,856 |
| Pension plan accruals and contributions | $2,413 |
| Other employee benefits | $42,219 |
| Payroll taxes | $37,361 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $144 |
| Fees for services: Accounting | $15,325 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $18,883 |
| Advertising and promotion | $525 |
| Office expenses | $28,333 |
| Information technology | $22,673 |
| Royalties | $0 |
| Occupancy | $29,400 |
| Travel | $6,832 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $89,863 |
| Interest | $4,584 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $2,894 |
| All other expenses | $2,500 |
| Total functional expenses | $968,040 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $749,507 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $126,000 |
| 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 | $5,610 |
| 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 | $881,117 |
| Accounts payable and accrued expenses | $118,896 |
| Grants payable | $0 |
| Deferred revenue | $641,000 |
| 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 | $151,862 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $911,758 |
| Net assets without donor restrictions | -$30,641 |
| 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 | $881,117 |
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