Leaders Education Foundation Inc
- Assets
- $479.1k
- Revenue
- $431.5k
- Investments
- $0.0
- Employees
- 0
- Location
- Jackson, TN
- Founding
- 01/2020
- Data as of
- 12/2022
- EIN
- 84-3226843
Organization Overview
Leaders Education Foundation Inc is located in Jackson, TN. The organization was established in 2020. According to its NTEE Classification (B12) the organization is classified as: Fund Raising & Fund Distribution, 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. Leaders Education 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 12/2022, Leaders Education Foundation Inc generated $431.5k in total revenue. All expenses for the organization totaled $114.3k during the year ending 12/2022.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO UNITE COMMUNITY MEMBERS AND ORGANIZATIONS TO BRING EDUCATIONAL RESOURCES AND OPPORTUNITIES TO EDUCATORS AND STUDENTS OF ALL AGES IN WEST TN. THE FOUNDATION PROVIDES EDUCATIONAL GRANTS, SCHOLARSHIPS, AND RESOURCES TO OUR COMMUNITY THAT SUPPORTS LIFELONG LEARNING, WORKFORCE DEVELOPMENT, AND EDUCATION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FOUNDATION PROVIDED 1ST YEAR COLLEGIATE SCHOLARSHIPS TO LOCAL HIGH SCHOOL STUDENTS.
THE FOUNDATION PROVIDES LEADS GRANTS DESIGNED TO ASSIST WEST TENNESSEE EDUCATORS WHO PROMOTE INITIATIVES THAT HELP STUDENTS LEARN, EXPERIENCE, ADVOCATE, DREAM, AND SOLVE.
THE FOUNDATION CONRTRIBUTED TO THE UNITED WAY READ TEAM OF WEST TENNESSEE TO ALLOW THE PROGRAM TO GIVE BOOKS TO ELEMENTARY SCHOOL-AGED CHILDREN THROUGHOUT WEST TENNESSEE AT THEIR SCHOOLS AND NEIGHBORHOODS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ron Hill Chair And Director | Trustee | 2 | $0 |
Eddie Hays Secretary & Vice Chair/director | Trustee | 1 | $0 |
Karen Taylor Treasurer And Director | Trustee | 1 | $0 |
Stephanie Riley Director | Trustee | 1 | $0 |
Mary Lou Adams Director | Trustee | 1 | $0 |
Yvette Blue Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $27,025 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $396,719 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $423,744 |
| Total Program Service Revenue | $0 |
| Investment income | $7,734 |
| 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 | $431,478 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $36,403 |
| Grants and other assistance to domestic individuals. | $61,880 |
| 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 | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $6,685 |
| Office expenses | $0 |
| Information technology | $4,915 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $2,455 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $850 |
| All other expenses | $71 |
| Total functional expenses | $114,306 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $141,340 |
| Savings and temporary cash investments | $337,765 |
| 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 | $479,105 |
| Accounts payable and accrued expenses | $0 |
| 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 | $274 |
| Total liabilities | $274 |
| Net assets without donor restrictions | $0 |
| 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 | $478,831 |
| Total liabilities and net assets/fund balances | $479,105 |
Grants Awarded
Over the last fiscal year, Leaders Education Foundation Inc has awarded $34,000 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
UNITEDWAY READ TEAM PURPOSE: Allowed United Way's READ Team program to give books to elementary school-aged children throughout West Tennessee at their schools and neighborhoods | $20,000 |
IMAGINATION LIBRARY PURPOSE: Allow multiple chapters of Imagination Library in West Tennessee to send books to children from birth to five years old | $7,000 |
JACKSON ARTS COUNCIL PURPOSE: Allowed the Council to provide boxes of free art supplies for K-12 students to Jackson-Madison County Public Schools school counselors with training and art activities to encourage students' creativity and expression in safe spaces | $7,000 |