Lead Academy Inc

The information for Lead Academy Inc is as of the organization's most recent filing in December '21. This organization is located in Midway, WV. It has been in existence for 4 years, following its founding in 2017.

Organization Classification

The IRS classifies organizations according to the National Taxonomy of Exempt Entities (NTEE) system. The NTEE system helps the IRS assign a 3-character code to each organization to describe the organization's activities.

Lead Academy Inc is an organization that falls under the NTEE code F22, which indicates its major classification as Mental Health & Crisis Intervention. Specifically, it is classified under Substance Abuse Treatment as its minor classification. This means that Lead Academy Inc provides inpatient, outpatient, or residential treatment services for individuals struggling with alcohol and/or drug dependency. Governed by section code 3, Lead Academy Inc is recognized as a Religious, Educational, Charitable, Scientific, Literary, Testing for Public Safety, to Foster National or International Amateur Sports Competition, or Prevention of Cruelty to Children or Animals Organization. The mission of Lead Academy Inc is to help provide transportation and support to the community by offering food, housing, and case management services.

Program Areas

The organization's program area within the general fund aims to provide transportation and assistance to individuals in the community who are in need. This program encompasses various activities and services that are not specifically reported by another fund or program.

Organization Staffing

Lead Academy Inc is run by Eugene K Blankenship, who is the President of the organization. The organization has only 2 employees, none of whom are paid over $100k per year. Supporting the small staff are 30 volunteers.

Board Governance

Lead Academy Inc appears to be well-governed based on the information provided. The organization has three voting members, all of whom are independent, indicating a balanced and unbiased decision-making process. The absence of potential conflicts of interest further strengthens the organization's governance structure, ensuring that decisions are made in the best interest of the non-profit and its mission. The fact that Lead Academy Inc has not delegated management to an outside firm suggests that the board maintains direct control and oversight over the organization's operations, enhancing transparency and accountability. Additionally, the documentation of board and committee meetings indicates a commitment to record-keeping and transparency in decision-making processes. The presence of a conflict of interest policy and the requirement for disclosure of conflicts further demonstrate the organization's commitment to ethical governance. This policy ensures that any potential conflicts are identified and addressed appropriately, minimizing the risk of decisions being influenced by personal interests. While Lead Academy Inc does not have a written document retention policy, the organization's practice of providing copies of the 990 to the board prior to filing indicates a level of transparency regarding financial information. However, the lack of substantiation and review of leadership and officer salaries may be an area for improvement to ensure proper oversight and alignment with the organization's mission. Overall, Lead Academy Inc appears to have a solid governance structure in place, demonstrating a commitment to transparency, accountability, and ethical decision-making.

Organization Growth

Lead Academy Inc has experienced significant growth over the given time period. Contributions and grants received increased from $362.7K in 2018 to $829.3K in 2021, while total revenue also saw a significant increase from $88.7K in 2017 to $829.3K in 2021. Additionally, the organization's total expenses increased from $337.0K in 2018 to $766.3K in 2021. Furthermore, the number of volunteers increased from 10 in 2018 to 30 in 2021, indicating growth in community involvement and support. Although employee salaries decreased from $16.5K in 2019 to $7.2K in 2020, overall, Lead Academy Inc has experienced growth in various aspects of its operations.