Ilead Spring Meadows
- Assets
- $1.8m
- Revenue
- $3.0m
- Investments
- $0.0
- Employees
- 39
- Location
- Holland, OH
- Founding
- 06/2016
- Data as of
- 06/2021
- EIN
- 81-1826586
Organization Overview
Ilead Spring Meadows is located in Holland, OH. The organization was established in 2016. According to its NTEE Classification (B25) the organization is classified as: Secondary & High Schools, under the broad grouping of Education and related organizations. As of 06/2021, Ilead Spring Meadows employed 39 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Ilead Spring Meadows 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 06/2021, Ilead Spring Meadows 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 35.6% each year . All expenses for the organization totaled $3.5m during the year ending 06/2021. While expenses have increased by 23.6% 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
AT ILEAD WE'VE BUILT A MODEL BASED ON WHAT WE BELIEVE TO BE THE BEST OF ALL THAT IS OUT THERE. WE BELIEVE PASSIONATELY IN PROJECT-BASED LEARNING NOT BECAUSE IT'S A FAD BUT BECAUSE IT GOES TO THE HEART OF HOW KIDS LEARN. WE'VE INCORPORATED TECHNOLOGY NOT AS A SPIFFY ADD-ON BUT AS AN ORGANIC PART OF THE LEARNING PROCESS IN THE 21ST CENTURY. WE VALUE AND ENCOURAGE LEADERSHIP NOT JUST AS A PART OF A CAREER TRACK BUT BY INSTILLING IN EACH LEARNER THE CONFIDENCE AND CHARACTER THAT INSPIRE OTHERS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PASSIVE, LECTURE-BASED SCHOOLS WERE CREATED WHEN THE CLASSROOM CONSISTED OF FOUR WALLS, ROWS OF DESKS PILED WITH TEXTBOOKS, BLACKBOARDS, CHALK AND A TEACHER WHO STOOD IN FRONT OF THE CLASS POURING OUT FACTS AND FIGURES FOR RESTLESS, BORED STUDENTS TO MEMORIZE, BE TESTED ON AND QUICKLY FORGET. ILEAD SCHOOLS ARE BASED ON A NEW PARADIGM: PROJECT-BASED DEEPER LEARNING. AT ILEAD SPRING MEADOWS WE CREATE OPEN, FUN MULTI-AGE K-8 LEARNING ENVIRONMENTS THAT PROMOTE DEEPER UNDERSTANDING AND CELEBRATE INDEPENDENT CRITICAL THINKING, COOPERATION AND THE DEVELOPMENT OF CRUCIAL 21ST CENTURY SKILLS. ILEAD SPRING MEADOWS PROVIDES A DEEP AND LASTING EDUCATIONAL EXPERIENCE THAT PREPARES YOUR LEARNER FOR HIGHER EDUCATION AND LIFELONG SUCCESS!
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Latanya Wilson Vice Chairman | Trustee | 1 | $1,375 |
David Shock Board Member | Trustee | 1 | $1,000 |
Jaquelyn May Board Member | Trustee | 1 | $1,000 |
Tricia Maassel Board Member | Trustee | 1 | $1,000 |
Jeff Williams Board Member | Trustee | 1 | $1,000 |
Raina Dawson Board Member | Trustee | 1 | $125 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Ilead Holland Project Development Rent | 6/29/21 | $245,414 |
Manhattan's Catering Company Student Food Services | 6/29/21 | $112,900 |
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 | $2,983,415 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,983,415 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| 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 | $2,983,415 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,112,060 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $820,404 |
| Payroll taxes | $0 |
| Fees for services: Management | $280,755 |
| Fees for services: Legal | $36,000 |
| Fees for services: Accounting | $42,429 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $119,057 |
| Advertising and promotion | $17,676 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $665,120 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $77,469 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $25,079 |
| Insurance | $18,782 |
| All other expenses | $33,437 |
| Total functional expenses | $3,451,176 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $111,937 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $247,327 |
| 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 | $34,287 |
| Net Land, buildings, and equipment | $31,159 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,377,293 |
| Total assets | $1,802,003 |
| Accounts payable and accrued expenses | $665,177 |
| 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 | $276,613 |
| Unsecured mortgages and notes payable | $659,858 |
| Other liabilities | $3,254,117 |
| Total liabilities | $4,855,765 |
| Net assets without donor restrictions | -$3,053,762 |
| 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 | $1,802,003 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Ilead Spring Meadows has recieved totaling $107.
| Awarding Organization | Amount |
|---|---|
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $107 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Wellington School Columbus, OH | $38,979,520 | $21,884,199 |
Lexington School Inc Lexington, KY | $82,981,335 | $20,273,926 |
Community Academy Of Philadelphia A Pennylvania Charter School Philadelphia, PA | $18,600,792 | $22,292,096 |
Cristo Rey Philadelphia High School Philadelphia, PA | $44,344,879 | $19,011,850 |
Valley Forge Military Academy Foundation Wayne, PA | $40,487,283 | $14,074,781 |
Jack M Barrack Hebrew Academy Bryn Mawr, PA | $28,446,825 | $17,100,040 |
Antioch College Corporation Yellow Springs, OH | $62,390,988 | $12,472,069 |
Greenhills School Ann Arbor, MI | $38,781,499 | $17,943,367 |
Linsly School Incorporated Wheeling, WV | $48,098,120 | $15,151,725 |
Dohn Community High School Cincinnati, OH | $3,470,956 | $16,370,625 |
Glen Mills Schools Concordville, PA | $72,581,010 | $5,135,685 |
Solebury School New Hope, PA | $31,595,369 | $15,801,404 |