Leadership Education Foundation
- Assets
- $4.0m
- Revenue
- $10.0m
- Investments
- $0.0
- Employees
- 134
- Location
- College Station, TX
- Founding
- 11/1992
- Data as of
- 08/2021
- EIN
- 74-2636905
Organization Overview
Leadership Education Foundation is located in College Station, TX. The organization was established in 1992. According to its NTEE Classification (B84) the organization is classified as: Alumni Associations, under the broad grouping of Education and related organizations. As of 08/2021, Leadership Education Foundation employed 134 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Leadership Education Foundation 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 08/2021, Leadership Education Foundation generated $10.0m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 7.9% each year. All expenses for the organization totaled $9.1m during the year ending 08/2021. While expenses have increased by 5.2% per year over the past 6 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
LEF OPERATES AN OPEN ENROLLMENT CHARTER SCHOOL WITH AN AVERAGE ENROLLMENT OF 650 STUDENTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FOUNDATION OPERATES AN OPEN ENROLLMENT CHARTER SCHOOL THAT GOES BY THE NAME "ARROW ACADEMY," WITH AN AVERAGE ENROLLMENT OF 650 STUDENTS ACROSS FOUR CAMPUSES. THE SCHOOL IS DESIGNED PRIMARILY TO SUPPORT ECONOMICALLY DISADVANTAGED CHILDREN CONSIDERED ACADEMICALLY AT-RISK. APPROXIMATELY 70% OF THE STUDENTS ARE ECONOMICALLY DISADVANTAGED AND 94% ARE MINORITY STUDENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
James Christensen CEO | Officer | 22 | $159,110 |
Becky Tucker Campus Director | 40 | $142,837 | |
Audrey Sanders Superintendent | Officer | 40 | $127,777 |
Curtis L Mackey CFO | Officer | 16 | $86,415 |
Bradley Green COO | Officer | 40 | $85,467 |
William Walsh Chairman | OfficerTrustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Arrow Academy Llc Management Services | 8/30/21 | $579,760 |
United Bus Transportation Transportation | 8/30/21 | $107,422 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $9,991,988 |
| All other contributions, gifts, grants, and similar amounts not included above | $101 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $9,992,089 |
| Total Program Service Revenue | $16,799 |
| Investment income | $1,082 |
| 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 | $10,009,970 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $113,100 |
| 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. | $491,615 |
| Compensation of current officers, directors, key employees. | $200,545 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $3,960,644 |
| Pension plan accruals and contributions | $239,366 |
| Other employee benefits | $173,688 |
| Payroll taxes | $99,545 |
| Fees for services: Management | $329,160 |
| Fees for services: Legal | $18,063 |
| Fees for services: Accounting | $27,875 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $522,284 |
| Advertising and promotion | $0 |
| Office expenses | $323,398 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $1,054,788 |
| Travel | $61,576 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $5,293 |
| Insurance | $13,477 |
| All other expenses | $0 |
| Total functional expenses | $9,073,569 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,358,245 |
| Savings and temporary cash investments | $174,252 |
| Pledges and grants receivable | $1,347,320 |
| Accounts receivable, net | $166 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $19,690 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $72,099 |
| Net Land, buildings, and equipment | $292 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $3,972,064 |
| Accounts payable and accrued expenses | $460,728 |
| Grants payable | $42,025 |
| 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 | $502,753 |
| Net assets without donor restrictions | $269,678 |
| Net assets with donor restrictions | $3,199,633 |
| 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 | $3,972,064 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Leadership Education Foundation has recieved totaling $500,000.
| Awarding Organization | Amount |
|---|---|
National Christian Charitable Foundation Inc Alpharetta, GA PURPOSE: EDUCATION | $500,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Association Of Former Students Of Texas A & M University College Station, TX | $202,537,498 | $46,927,604 |
Angelo State University Foundation Inc San Angelo, TX | $35,914,777 | $13,132,707 |
Ex Students Association Of The Austin, TX | $164,001,121 | $27,599,217 |
Leadership Education Foundation College Station, TX | $3,972,064 | $10,009,970 |
Communities In Schools Of Greater Tarrant County Inc Fort Worth, TX | $6,563,272 | $10,310,134 |
Lsu Alumni Association Baton Rouge, LA | $42,813,688 | $3,814,637 |
Oklahoma State University Alumni Association Stillwater, OK | $25,317,339 | $3,350,380 |
Texas Tech Alumni Association Lubbock, TX | $17,376,523 | $4,664,357 |
Delta Delta Delta Foundation Dallas, TX | $24,531,824 | $3,988,064 |
Arkansas Alumni Association Inc Fayetteville, AR | $14,561,052 | $2,077,157 |
Iitmaana Spring, TX | $661,366 | $1,712,067 |
University Of Tx At San Antonio San Antonio, TX | $4,217,745 | $1,664,150 |