Washington County Leadership Development Program INC EIN 20-3530981 Form 990 (PDF) Claim this org

Washington County Leadership Development Program INC

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Develops leaders to improve economic growth and quality of life in Washington County, Maryland. For fiscal year 2025 it reported $251K in revenue, $236K in expenses, and $443K in net assets.Pt I

Type
Public charity (501(c)(3)) · Education
Location
Hagerstown, MD
Website
www.leadershipwashingtoncounty.org
Filings
6 on file (2020–2025)
Revenue
$251KFY2025
Expenses
$236K
Net assets
$443K
People
21
Filings
6
Updates
0
More identity details & actions ⌄
EIN  20-3530981 Public charity (501(c)(3)) Hagerstown, MD
Form 990 (PDF)
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Size
$100K–1M
What they do
Develops leaders to improve economic growth and quality of life in Washington County, Maryland.
Leadership
Tara Sargent · Executive Di · $95K
Money in and out
$251K revenue, $236K expenses
Bottom line
92% program efficiency
Where the money goes · FY2025
Total revenue
$251K
Pt VIII · Ln 12
Total expenses
$236K
Pt IX · Ln 25
Net assets
$443K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $15K
Where spending went · Part IX cols B–D
Program services $0.92 Management & general $0.08
Program efficiency
92%
of spending reaches programs-0.2% vs prior filing year
Operating runway
28.9mo
months of highly liquid reserves at operating expense rate▼ -2% vs prior filing year
Surplus margin
+6%
revenue over expenses, this year▲ +29% vs prior filing year

Summary of the Filing

Part I · fiscal year 2025 · Form 990
Revenue
$251K
FY2025▲ +5%
Expenses
$236K
FY2025▲ +3%
Total assets
$563K
FY2025▲ +0.7%
Total liabilities
$119K
FY2025▼ -14%
Total revenue
$251K
Pt VIII · Ln 12
Total expenses
$236K
Pt IX · Ln 25
Net assets
$443K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$15K
Total assetsPt X · Ln 16$563K
Program-expense ratioPt IX · col B92%
Voting members of governing bodyPt I · Ln 320
Independent voting membersPt I · Ln 420

Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CWashington County Leadership Development Program INC
EINHdr · item D20-3530981
Principal addressHdr · item CHagerstown, MD
Year of formationHdr · item Lpending
State of legal domicileHdr · item MMD
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFEducation (B990)
Ruling yearIRS BMFOct 2006

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a20
Independent voting membersPt VI · Ln 1b20
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13Yes
Document retention policyPt VI · Ln 14Yes
CEO/top-official compensation independently reviewedPt VI · Ln 15aYes
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation · most recent filed roster (FY2024); the FY2025 filing did not itemize Part VII
Executive Di
$95,077Pt VII · Sec A
President
$0Pt VII · Sec A
Vice Preside
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A

Tara Sargent’s $95K as Executive Di is at the 81st percentile of top reported officer pay among 1615 $100K–1M education nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 1 named individual · Part VII

NameFY2025FY2024FY2023FY2022FY2021FY2020
Tara Sargent$95,077$91,487$91,487$85,976$82,950$84,400

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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Mission & Programs · Part III

Where the work happens

1 program service account for $216K of program spending, described in the organization's own filed words · FY2024.
01

To develop and enhance community leadership by offering participants from diverse backgrounds a unique opportunity to explore up close and personal, the challenges and issues facing the washington county community.

$216Kprogram expense

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Statement of Revenue

Part VIII
Program service revenue$153K · 61%
Contributions & grants$65K · 26%
Other revenue$17K · 7%
Investment income$16K · 6%
Program service revenue61%$153K
Contributions & grants26%$65K
Other revenue7%$17K
Investment income6%$16K
— government grantsLn 1e$9K
Total revenueLn 12$251K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.92 Management & general $0.08
Program services92%$216K
Management & general8%$20K
Total functional expensesLn 25$236K

Balance Sheet

Part X · end of year
CashLn 1$318K
Total assetsLn 16$563K
Total liabilitiesLn 26$119K
Total net assetsLn 32$443K
Months of cash on handcomputed16.2

Financial Metrics

Form 990 · FY2025 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $557K · Operating expenses (Pt IX) $236K · Less non-cash grants $5K · Cash operating expenses/yr $231K
28.9 months
Where the money goes
Program services
Program services $216K · Total expenses $236K
92%
Management & General
Management & general $20K · Total expenses $236K
8%
Fundraising
Fundraising $0 · Total expenses $236K
0%
Cost to raise $1
Fundraising expense (3-yr avg) $0 · Solicited contributions (3-yr avg) $71K
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $65K · Total revenue $251K
26%
Government reliance
Government grants $9K · Total revenue $251K
3%
Earned-income share
Program service revenue $153K · Total revenue $251K
61%
Investment reliance
Investment income $16K · Total revenue $251K
+6%
Program self-sufficiency
Program service revenue $153K · Total expenses $236K
65%
Growth & trend
Revenue growth (YoY)
This year $251K · Prior year $239K
+5%
Revenue CAGR
FY2019 $191K · FY2024 $251K
+6%
Net-asset trend (YoY)
End of year $443K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $251K · Expenses $236K
+6%
Liabilities-to-Assets
Total liabilities — · Total assets $563K
Net-asset ratio
Net assets $443K · Total assets $563K
79%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $239K · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $563K
42%
People & payroll
Highest Reported Total Compensation
Individual Tara Sargent · Reported title EXECUTIVE DI · Highest reported compensation $95K · Total expenses $236K
40%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $176K · Total expenses $236K
75%
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 92%
Overhead ratio 8%
Fundraising cost ratio 0%
Revenue growth 5%
Investment management fee ratio 0.5%

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Grants

Schedule I · funders on record
Grants received · FY2024
Total grants receivedfrom 1 funder$10K

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2025 (Latest)$251K revenue · viewing · ⤓ 990 PDF
FY2024$239K revenue · ⤓ 990 PDF
FY2023$239K revenue · ⤓ 990 PDF
FY2022$278K revenue · ⤓ 990 PDF
FY2021$242K revenue · ⤓ 990 PDF
FY2020$191K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2025IRS
Classification, formation year, addressIRS Business Master File
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