Leadachild Society
- Assets
- $1.5m
- Revenue
- $780.6k
- Investments
- $0.0
- Employees
- 2
- Location
- Olathe, KS
- Founding
- 11/2001
- Data as of
- 10/2021
- EIN
- 31-1803659
Organization Overview
Leadachild Society is located in Olathe, KS. The organization was established in 2001. According to its NTEE Classification (B90) the organization is classified as: Educational Services, under the broad grouping of Education and related organizations. As of 10/2021, Leadachild Society employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Leadachild Society 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 10/2021, Leadachild Society generated $780.6k in total revenue. The organization has seen a slow decline revenue. Over the past 6 years, revenues have fallen by an average of (2.0%) each year. All expenses for the organization totaled $492.3k during the year ending 10/2021. As we would expect to see with falling revenues, expenses have declined by (6.3%) per year over the past 6 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE GRANTS AND SCHOLARSHIP SUPPORT TO DESERVING SCHOOLS ALL ACROSS THE WORLD.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROVIDE SCHOLARSHIP SUPPORT FOR LUTHERAN MISSION SCHOOLS IN VARIOUS COUNTRIES. THERE ARE CURRENTLY OVER 50 PROJECTS IN 28 COUNTRIES IN LATIN AMERICA, ASIA, THE CARIBBEAN, WEST AFRICA THE MIDDLE EAST. OVER 6,000 CHILDREN OF PRIMARY SECONDARY LEVELS ARE BEING SUPPORTED IN THEIR EDUCATION THROUGH THIS PROGRAM.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Philip Frusti Executive Director | OfficerTrustee | 40 | $79,668 |
Lisa Hellyer Dir Of Engagement Outreach | OfficerTrustee | 40 | $70,000 |
Mark Zillinger President | OfficerTrustee | 3 | $0 |
Jim Curran Immediate Past President | OfficerTrustee | 3 | $0 |
Linda Tape Secretary | OfficerTrustee | 3 | $0 |
Gregory Sprich Treasurer | OfficerTrustee | 5 | $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 | $650,003 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $650,003 |
| Total Program Service Revenue | $58,557 |
| Investment income | $72,040 |
| 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 | $780,600 |
| 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 | $173,000 |
| 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 | $90,635 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $45,972 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $1,365 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $174 |
| Fees for services: Other | $0 |
| Advertising and promotion | $12,143 |
| Office expenses | $8,591 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $10,603 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $6,673 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $2,430 |
| All other expenses | $754 |
| Total functional expenses | $492,301 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $119,373 |
| Savings and temporary cash investments | $625 |
| 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 | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $1,417,746 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,537,744 |
| Accounts payable and accrued expenses | $16,087 |
| Grants payable | $10,000 |
| 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 | $1,850 |
| Total liabilities | $27,937 |
| Net assets without donor restrictions | $1,509,807 |
| 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 | $1,537,744 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Leadachild Society has recieved totaling $20,000.
| Awarding Organization | Amount |
|---|---|
Lorenz Family Foundation Trust Portland, OR PURPOSE: PROJECT: REDEEMER OF THE WORLD | $10,000 |
Lorenz Family Foundation Trust Portland, OR PURPOSE: PROJECT: COMPUTER LABS & BATHROOMS | $10,000 |
Endowment Analysis
| Beg. Balance | $504,531 |
| Earnings | $22,190 |
| Admin Expense | $285 |
| Ending Balance | $526,436 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Turing School Of Software And Design Denver, CO | $6,210,648 | $10,301,401 |
Rooted Denver, CO | $4,963,250 | $7,608,549 |
United States Space Foundation Colorado Springs, CO | $16,544,992 | $7,378,299 |
Collective For Youth Omaha, NE | $16,344,773 | $14,408,697 |
Youth Entrepreneurs Inc Wichita, KS | $8,370,922 | $6,293,107 |
Lena Foundation Louisville, CO | $6,954,124 | $11,160,800 |
Starfall Education Foundation Boulder, CO | $23,360,929 | $7,522,820 |
Oklahoma Public School Resource Center Inc Oklahoma City, OK | $4,660,216 | $8,536,647 |
Communities In Schools Of Mid-America Inc Lawrence, KS | $5,926,043 | $10,689,088 |
Colorado High School Activities Association Aurora, CO | $4,647,577 | $4,396,075 |
Avenue Scholars Foundation Omaha, NE | $2,155,096 | $4,937,256 |
Kauffman Scholars Inc Kansas City, MO | $2,305,850 | $5,242,341 |