Leading Edge Alliance Inc
- Assets
- $875.3k
- Revenue
- $3.0m
- Investments
- $0.0
- Employees
- 6
- Location
- Eden Prairie, MN
- Founding
- 09/2000
- Data as of
- 12/2023
- EIN
- 36-4321299
Organization Overview
Leading Edge Alliance Inc is located in Eden Prairie, MN. The organization was established in 2000. According to its NTEE Classification (S40) the organization is classified as: Business & Industry, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 12/2023, Leading Edge Alliance Inc employed 6 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Leading Edge Alliance Inc 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 12/2023, Leading Edge Alliance Inc generated $3.0m in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 17.7% each year . All expenses for the organization totaled $3.3m during the year ending 12/2023. While expenses have increased by 19.3% per year over the past 5 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
THE ORGANIZATION IS DEDICATED TO THE GROWTH AND PROSPERITY OF LOCAL AND REGIONAL ACCOUNTING AND CONSULTING FIRMS. IT PROVIDES A FORUM THAT WILL ASSIST IN THE IMPROVEMENT OF PERFORMANCE OF THESE FIRMS AND IN THE DELIVERY OF HIGH QUALITY SERVICES TO THEIR CLIENTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SPECIAL INTEREST GROUP MEETINGS - MEETING OF VARIOUS SPECIALIZED GROUPS FROM MEMBER FIRMS, SUCH AS AUDIT, TAX, GOVERNMENTAL, NOT FOR PROFIT, CONSULTING AND HUMAN RESOURCES. THIS CREATES A FORUM FOR DISCUSSION OF PRACTICE DEVELOPMENT AND MANAGEMENT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Anthony J Szczepaniak CEO | Officer | 40 | $419,781 |
Carla Rossini | 40 | $100,451 | |
Roberto Harteneck Director | Trustee | 0.3 | $0 |
Jeffrey Weiner CPA Director | Trustee | 0.3 | $0 |
Ron Storch Director | Trustee | 0.3 | $0 |
Robert Minkler CPA Chairman | Trustee | 0.3 | $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 | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $3,035,568 |
| Investment income | $423 |
| 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 | $3,035,991 |
| 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. | $520,232 |
| Compensation of current officers, directors, key employees. | $41,978 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $376,250 |
| Pension plan accruals and contributions | $22,149 |
| Other employee benefits | $37,711 |
| Payroll taxes | $43,137 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $7,420 |
| Fees for services: Accounting | $3,687 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $29,683 |
| Advertising and promotion | $94,875 |
| Office expenses | $2,913 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $156,371 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,423,434 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $24,195 |
| Insurance | $8,033 |
| All other expenses | $52,060 |
| Total functional expenses | $3,343,130 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $340,143 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $371,799 |
| 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 | $115,957 |
| Net Land, buildings, and equipment | $47,391 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $875,290 |
| Accounts payable and accrued expenses | $181,451 |
| Grants payable | $0 |
| Deferred revenue | $853,857 |
| 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 | $13,132 |
| Total liabilities | $1,048,440 |
| Net assets without donor restrictions | -$173,150 |
| 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 | $875,290 |