Is it real?
No. The IRS revoked its tax exemption. Latest filing on record: FY2022. IRS ruling in Sep 1980.
IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File
Where the money goes
69 cents of each dollar spent went to programs.
Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.
Something off? Claim to add context
Who runs it and what they're paid
6 people listed on the 990; $303K paid to officers and key staff.
Lawrence M Drake II’s $258K as President & CEO is at the 80th percentile of top reported officer pay among 2832 $1–10M community development 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 · 2 named individuals · Part VII
| Name | FY2022 | FY2020 |
|---|---|---|
| Lawrence M Drake II | $257,904 | $208,750 |
| Michele Pickett | $44,982 | $36,660 |
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.
See Lead Program in Business executive salaries →Questions the 990 asks
The form asks each of these directly. These are the filed answers.
- Family or business ties among officersPt VI · Ln 2No
- Top official's pay set by an independent reviewPt VI · Ln 15aYes
- Loans to or from officersSch L · Pt II1 listed
Programs and updates
Connects diverse youth with higher education and career opportunities through global partnerships.
Questions for Lead Program in Business
Your first name shows with your question. Lead Program in Business answers here, for everyone.
Summer university & college institutes and programs for high school students. These programs and institutes were held on a variety of college campuses and were successful in introducing the students to computer science, engineering and business.
Funders
Who pays for it.
From grant filings on record. Receipts are incomplete: individual donors are never listed.
Grants
By the numbers
The FY2022 990, line by line.
Download 990
| Line | Start FY22 | End FY22 |
|---|---|---|
| Cash and savingsLn 1–2 | $708K | $824K |
| Land, buildings, equipmentLn 10c | $1K | $3K |
| Total assetsLn 16 | $710K | $828K |
| LiabilitiesLn 26 | $298K | $308K |
| Net assetsLn 32 | $412K | $519K |
| Line | Total | Programs | Management | Fundraising |
|---|---|---|---|---|
| Pay of current officers, directors and key staffLn 5 | $258K | $168K | $13K | $77K |
| Other salaries and wagesLn 7 | $132K | $58K | $57K | $16K |
| Other employee benefitsLn 9 | $4K | $2K | $636 | $847 |
| Payroll taxesLn 10 | $23K | $14K | $4K | $6K |
| Accounting feesLn 11c | $18K | $0 | $18K | $0 |
| Other fees for servicesLn 11g | $319K | $298K | $20K | $0 |
| Information technologyLn 14 | $4K | $0 | $4K | $0 |
| TravelLn 17 | $175K | $101K | $31K | $42K |
| Conferences, conventions and meetingsLn 19 | $32K | $18K | $6K | $8K |
| InsuranceLn 23 | $2K | $0 | $2K | $0 |
| Other expenses (24a–d)Ln 24 | $300K | $294K | $3K | $4K |
| All other expensesLn 24e | $108K | $0 | $26K | $82K |
| Total functional expensesLn 25 | $1.4M | $953K | $185K | $235K |
Filing history
| Year | Money in | Money out | In minus out | Net assets | Download |
|---|---|---|---|---|---|
| FY2022 Latest ViewingFiled with the IRS Nov 17, 2023 | $1.5M | $1.4M | $107K | $519K | 990 PDF |
| FY2021 | Not on file | ||||
| FY2020Filed with the IRS Aug 30, 2021 | $555K | $605K | −$50K | −$120K | 990 PDF |
Schedules filed Part IV
See the full FY2022 990 (6 parts)
Part I · Summary $1,480,300 revenue, 12 lines filed
Part VI · Governance 4 of 5 board members independent, 1 to look at
Part VIII · Statement of revenue $1,480,300 across 4 lines filed
Part IX · Statement of functional expenses $1,373,185 across 12 lines filed
Part X · Balance sheet $827,633 assets, 11 lines filed
Part XI · Reconciliation of net assets $519,466 net assets at year end
Form 990 e-file (XML) FY2022 from the IRS · Classification, formation year and address from the IRS Business Master File
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