Thomas Mentor Leadership Academy
- Assets
- $35.7k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Durham, NC
- Founding
- 08/2011
- Data as of
- 12/2023
- EIN
- 45-1803488
Organization Overview
Thomas Mentor Leadership Academy is located in Durham, NC. The organization was established in 2011. According to its NTEE Classification (O21) the organization is classified as: Boys Clubs, under the broad grouping of Youth Development and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Thomas Mentor Leadership Academy 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 12/2023, Thomas Mentor Leadership Academy generated $33.9k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (13.1%) each year. All expenses for the organization totaled $28.5k during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (4.5%) per year over the past 8 years. You can explore the organizations financials more deeply in the financial statements section below.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Larry Campbell Board Chairman | 5 | $0 | |
Cedric Thomas Vice Board Chair | 2 | $0 | |
James Alan Kendrick Treasurer | 2 | $0 | |
Jacqueline Page Secretary | 2 | $0 | |
Morris Ballenger II Board Member | 1 | $0 | |
Charles Lyons Board Member | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $33,859 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $33,859 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $1,215 |
| Occupancy, rent, utilities, and maintenance | $8,000 |
| Printing, publications, postage, and shipping | $106 |
| Other expenses | $19,205 |
| Total expenses | $28,526 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $16,084 |
| Other assets | $0 |
| Total assets | $35,719 |
| Total liabilities | $28,781 |
| Net assets or fund balances | $6,938 |