Center For Leadership Development Inc
- Assets
- $27.3m
- Revenue
- $4.3m
- Investments
- $373.7k
- Employees
- 62
- Location
- Indianapolis, IN
- Founding
- 03/1977
- Data as of
- 12/2022
- EIN
- 35-1389882
Organization Overview
Center For Leadership Development Inc is located in Indianapolis, IN. The organization was established in 1977. According to its NTEE Classification (W70) the organization is classified as: Leadership Development, under the broad grouping of Public & Societal Benefit and related organizations. As of 12/2022, Center For Leadership Development Inc employed 62 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Center For Leadership Development 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, Center For Leadership Development Inc generated $4.3m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 13.0% each year . All expenses for the organization totaled $2.8m during the year ending 12/2022. While expenses have increased by 5.6% per year over the past 8 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
MINORITY YOUTH CAREER DEVELOPMENT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE CENTER EXPOSES YOUTH TO SIXTEEN CURRICULUM-BASED PROGRAMS AND EXPERIENCES WHICH TEACH AND NURTURE THE PARTICIPANTS IN THE CENTER'S FIVE TOUCHSTONE VALUES: CHARACTER DEVELOPMENT, EDUCATIONAL EXCELLENCE, LEADERSHIP EFFECTIVENESS, COMMUNITY SERVICE, AND CAREER ACHIEVEMENT. THE RESULT IS HUNDREDS OF AFRICAN AMERICAN AND MINORITY YOUTH WHO GRADUATE FROM HIGH SCHOOL, ATTEND AND GRADUATE FROM COLLEGE, EXCEL IN THEIR CAREERS, AND RETURN VALUE TO THEIR COMMUNITY AS CIVIC LEADERS AND VOLUNTEERS.
COLLEGE PREP INSTITUTE IS A COLLEGE READINESS RESOURCE CENTER SERVING MINORITY YOUTH AND FAMILIES WITH EXPERT GUIDANCE FROM LICENSED GUIDANCE COUNSELORS, READING, MATH, AND CAREER ASSESSMENTS, EDUCATIONAL SOFTWARE OFFERED IN A 30 COMPUTER LEARNING LAB, COLLEGE SEARCHES, FINANCIAL AID, LITERACY WORKSHOPS, AND REFERRALS TO COMMUNITY RESOURCES, ALL FREE OF CHARGE.
COLLEGE PREP CONFERENCE AND COLLEGE FAIR: A STATEWIDE ANNUAL EVENT FOR STUDENTS AND PARENTS, OFFERING VITAL INFORMATION ADVANCING COLLEGE ADMISSION, PERSISTENCE, AND GRADUATION. THE CONFERENCE INCLUDES A KEYNOTE SPEAKER, BREAKOUT SESSIONS, AND PANELS WITH UNIVERSITY REPRESENTATIVES AND OTHER EXPERTS EXPLORING THE PATH TO COLLEGE AND BEYOND. AFTER THE CONFERENCE, PARTICIPANTS CAN VISIT EXHIBIT BOOTHS HOSTED BY REPRESENTATIVES FROM PARTICIPATING EDUCATIONAL INSTITUTIONS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dennis Bland President | OfficerTrustee | 40 | $234,615 |
Thomas King Chairman & Director | OfficerTrustee | 2 | $0 |
Patrick Walsh Treasurer/ Director | OfficerTrustee | 2 | $0 |
Christopher Barney Secretary/ Director | OfficerTrustee | 2 | $0 |
Robert Bowen Pe Director | Trustee | 2 | $0 |
Jeffery Harrision Director | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $357,734 |
| Related organizations | $0 |
| Government grants | $471,808 |
| All other contributions, gifts, grants, and similar amounts not included above | $3,237,734 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $4,067,276 |
| Total Program Service Revenue | $49,888 |
| Investment income | $208,477 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$40,338 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $4,285,303 |
| 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. | $246,346 |
| Compensation of current officers, directors, key employees. | $63,976 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,489,686 |
| Pension plan accruals and contributions | $43,019 |
| Other employee benefits | $119,055 |
| Payroll taxes | $131,443 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $18,549 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $25,772 |
| Fees for services: Other | $79,770 |
| Advertising and promotion | $50,782 |
| Office expenses | $65,835 |
| Information technology | $111,912 |
| Royalties | $0 |
| Occupancy | $100,037 |
| Travel | $2,757 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,650 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $136,596 |
| Insurance | $18,563 |
| All other expenses | $0 |
| Total functional expenses | $2,811,405 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $5,598,601 |
| Savings and temporary cash investments | $4,793,452 |
| Pledges and grants receivable | $1,350,000 |
| Accounts receivable, net | $754,325 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $6,491 |
| Prepaid expenses and deferred charges | $13,089 |
| Net Land, buildings, and equipment | $8,773,338 |
| Investments—publicly traded securities | $2,539,814 |
| Investments—other securities | $373,731 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $3,072,235 |
| Total assets | $27,275,076 |
| Accounts payable and accrued expenses | $777,331 |
| Grants payable | $0 |
| Deferred revenue | $54,785 |
| 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 | $0 |
| Total liabilities | $832,116 |
| Net assets without donor restrictions | $8,943,136 |
| Net assets with donor restrictions | $17,499,824 |
| 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 | $27,275,076 |