Higher Ambition Leadership Alliance Inc
- Assets
- $750.0k
- Revenue
- $2.5m
- Investments
- $0.0
- Employees
- 5
- Location
- Burlington, MA
- Founding
- 12/2012
- Data as of
- 12/2023
- EIN
- 90-0875514
Organization Overview
Higher Ambition Leadership Alliance Inc is located in Burlington, MA. The organization was established in 2012. According to its NTEE Classification (V23) the organization is classified as: Behavioral Science, under the broad grouping of Social Science and related organizations. As of 12/2023, Higher Ambition Leadership Alliance Inc employed 5 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Higher Ambition Leadership Alliance 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 12/2023, Higher Ambition Leadership Alliance Inc generated $2.5m in total revenue. This organization has experienced exceptional growth, as over the past 9 years, it has increased revenue by an average of 10.3% each year . All expenses for the organization totaled $1.7m during the year ending 12/2023. While expenses have increased by 7.6% per year over the past 9 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
THE CORPORATION IS ORGANIZED EXCLUSIVELY FOR CHARITABLE, EDUCATIONAL AND SCIENTIFIC PURPOSES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
DEVELOPED AND DISSEMINATED PRACTICAL KNOWLEDGE ABOUT HOW TO MOST EFFECTIVELY LEAD AND MANAGE "HIGHER AMBITION" INSTITUTIONS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Nathaniel W Foote Chairman Of The Board & Treasurer | OfficerTrustee | 4 | $0 |
Russell A Eisenstat Clerk & Director | Trustee | 1 | $0 |
Michael Beer Director | Trustee | 1 | $0 |
Richard Gochnauer Director | Trustee | 1 | $0 |
Edward Ludwig Director | Trustee | 1 | $0 |
Mary Gentile Director | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Mette Norgaard Hali Instructor | 12/30/23 | $204,343 |
Lynne Camp Hali Instructor | 12/30/23 | $159,513 |
Stephanie Mccray Hal-c Instructor | 12/30/23 | $108,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $668,750 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $383,306 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,052,056 |
| Total Program Service Revenue | $1,495,180 |
| 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 | $2,547,236 |
| 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 | $240,664 |
| Pension plan accruals and contributions | $19,150 |
| Other employee benefits | $6,135 |
| Payroll taxes | $21,091 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $14,354 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,274,114 |
| Advertising and promotion | $92,518 |
| Office expenses | $23,884 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $19,481 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $31,338 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $1,422 |
| All other expenses | $24 |
| Total functional expenses | $1,749,246 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $378,413 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $278,000 |
| 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 | $93,584 |
| 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 | $749,997 |
| Accounts payable and accrued expenses | $55,315 |
| Grants payable | $0 |
| Deferred revenue | $679,300 |
| 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 | $734,615 |
| Net assets without donor restrictions | $15,382 |
| 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 | $749,997 |