Lead Foundation Inc
- Assets
- $17.5k
- Revenue
- $13.1k
- Investments
- $0.0
- Employees
- 0
- Location
- Spanish Fork, UT
- Founding
- 07/2014
- Data as of
- 12/2021
- EIN
- 46-2908295
Organization Overview
Lead Foundation Inc is located in Spanish Fork, UT. The organization was established in 2014. According to its NTEE Classification (B82) the organization is classified as: Scholarships & Student Financial Aid, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Lead Foundation 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 12/2021, Lead Foundation Inc generated $13.1k in total revenue. All expenses for the organization totaled $13.9k during the year ending 12/2021. While expenses have increased by 73.7% 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
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
SCHOLARSHIPS IN FORM OF TUITION PAID
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dixie Jamison Executive VP And Managing Dire | 5 | $0 | |
Keri Chipman Treasurer And Registered Agent | 0 | $0 | |
Lane M Farnsworth President | 0 | $0 | |
Nalene Farnsworth Vice Pres And Secretary | 0 | $0 | |
Joshua Jamison Board Member | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $13,082 |
| Interest on Savings | $0 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $13,082 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $376 |
| Occupancy | $5,000 |
| Travel, conferences, and meetings | $5,228 |
| Printing and publications | $0 |
| Other expenses | $910 |
| Total operating and administrative expenses | $11,534 |
| Contributions, gifts, grants paid | $2,373 |
| Total expenses and disbursements | $13,907 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $16,942 |
| Savings and temporary cash investments | $5 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $564 |
| Other assets | $0 |
| Total assets | $17,511 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, Lead Foundation Inc has awarded $2,373 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
INSTITUTO REYNA DE LAS AMERICAS PURPOSE: TUITON PAID ON BEHALF OF MAYS SISTER | $1,810 |
BYU IDAHO PURPOSE: TUITION PAID ON BEHALF OF MARCO VASQUEZ JOSUE ROJ | $403 |
BYU PATHWAY WORLDWIDE PURPOSE: TUITION PAID ON BEHALF OF PATRIKAELA MARTINEZ | $160 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Indigenous Education Inc Albuquerque, NM | $3,738,546 | $7,442,761 |
Arizona Private Education Scholarship Fund Inc Scottsdale, AZ | $4,340,429 | $7,500,005 |
Western Union Foundation Inc Denver, CO | $4,087,172 | $7,099,166 |
Davis Education Foundation Farmington, UT | $5,085,973 | $8,327,640 |
School Choice Arizona Inc Chandler, AZ | $10,615,298 | $8,926,972 |
New Mexico Student Loan Guarantee Corporation Albuquerque, NM | $15,866,075 | $3,044,592 |
Western States Learning Corporation Cheyenne, WY | $7,278,085 | $6,097,150 |
Prosperity Denver Fund Denver, CO | $29,340,017 | $14,622,453 |
College Success Arizona Phoenix, AZ | $19,037,884 | $6,349,882 |
J R Simplot Company Foundation Inc Boise, ID | $71,703,701 | $5,686,010 |
Reisher Family Foundation Lakewood, CO | $521,642,537 | $444,544,338 |
Idaho Association For The Education Of Young Children Boise, ID | $1,636,700 | $5,141,669 |