Leadership Education Mission For Africa - Lema Institute
- Assets
- $25.2k
- Revenue
- $241.2k
- Investments
- $0.0
- Employees
- 6
- Location
- Otsego, MI
- Founding
- 10/2015
- Data as of
- 12/2023
- EIN
- 47-4763283
Organization Overview
Leadership Education Mission For Africa - Lema Institute, operating under the name LEMA Institute, is located in Otsego, MI. The organization was established in 2015. According to its NTEE Classification (B60) the organization is classified as: Adult Education, under the broad grouping of Education and related organizations. As of 12/2023, LEMA Institute employed 6 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. LEMA Institute 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, LEMA Institute generated $241.2k in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 21.6% each year . All expenses for the organization totaled $283.4k during the year ending 12/2023. While expenses have increased by 31.3% 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
LEMA EXISTS TO EQUIP CHRISTIAN LEADERS IN AFRICA AS WELL AS IMMIGRANT PASTORS FOR HEALTHY, BIBLICAL AND FINANCIALLY INDEPENDENT MINISTRY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
LEMA CONTINUES TO RAISE SUPPORT TO KEEP THE COST LOW FOR THEIR ONLINE AND ON-SITE CERTIFICATE AND DEGREE-LEVEL CLASSES TO EQUIP CHRISTIAN LEADERS. OVER 110 STUDENTS WERE ENROLLED DURING 2023 AND 21 GRADUATED IN MAY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Joshua Amaezechi President | OfficerTrustee | 16 | $33,177 |
Raymond Wright Director | Trustee | 2 | $0 |
Mark Lovdahl Director | Trustee | 2 | $0 |
Kevin Heath Vice Chair | OfficerTrustee | 2 | $0 |
Chanel Wilson Secretary | OfficerTrustee | 2 | $0 |
Trent Martin Board Chair | OfficerTrustee | 2 | $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 | $241,209 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $241,209 |
| Total Program Service Revenue | $0 |
| Investment income | $10 |
| 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 | $241,219 |
| 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 | $84,516 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $55,000 |
| Compensation of current officers, directors, key employees. | $16,500 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $49,081 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $964 |
| Payroll taxes | $3,448 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $850 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $2,865 |
| Advertising and promotion | $1,525 |
| Office expenses | $14,298 |
| Information technology | $8,812 |
| Royalties | $0 |
| Occupancy | $3,939 |
| Travel | $46,175 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $10,109 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $1,796 |
| All other expenses | $0 |
| Total functional expenses | $283,378 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $19,454 |
| Savings and temporary cash investments | $5,704 |
| 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 | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $25,158 |
| Accounts payable and accrued expenses | $7,156 |
| Grants payable | $0 |
| 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 | $0 |
| Total liabilities | $7,156 |
| Net assets without donor restrictions | -$41,505 |
| Net assets with donor restrictions | $59,507 |
| 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 | $25,158 |