Lead Program in Business FY2020 filing

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The mission is to address higher education access and career preparation by optimizing cross-sector collaborations and global partnerships that focus on identifiying and nurturing high potential youth of diverse backgrounds by developing them into high achievers and responsonsible leaders.

56¢ of each $1 spent went to programs.
$245K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Programs: Part IX · Pay: Part VII

Before you give

FY2020 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
Revoked
IRS exemption revoked
The IRS revoked its tax exemption.
IRS Auto-Revocation List
Latest return
FY2025
latest 990-N e-Postcard
The latest return is for FY2025, 1 tax year back.
IRS e-file · Filing history
Surplus or deficit
1 of 2
filings with a surplus
Average surplus $29K a year · 3% of revenue · last 2 filings
A surplus in 1 of the last 2 filings.
Pt I · Ln 19 · 2 filings
Spent on programs
56%
of spending
56% of spending went to programs.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$245K
to officers and key staff · 41% of spending
Pay to officers and key staff is 41% of spending.
Part VII, Section A
3.1 mo
of spending, in cash
3.1 months of spending in cash.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $16
1 funder names it on their filings.
Funders’ Sch. I, 990-PF
Liabilities
$279K
176% of total assets
Liabilities are 176% of assets.
Pt X · Ln 26
Independent board members
4
of 5 voting members
4 of 5 voting members are independent.
Pt VI · Ln 1a–1b
Revenue
$555K
Spent
$605K
To programs
56%
Net assets
−$120K
By yearFY2020–FY2022
Revenue
$555K
FY2020
Tap a bar for its year
Revenue by fiscal year
FY2020$555K
FY2022$1.5M
Expenses
$605K
FY2020
Tap a bar for its year
Expenses by fiscal year
FY2020$605K
FY2022$1.4M
Net assets
−$120K
FY2020
Tap a bar for its year
Net assets by fiscal year
FY2020−$120K
FY2022$519K

From the FY2020 Form 990 · figures checked against the IRS filing · see the original

IRS revoked this organization's tax-exempt status on May 15, 2026
You’re viewing the FY2020 filing — not the latest on file. See the latest (FY2022) →

Is it real?

No. The IRS revoked its tax exemption. Files the 990-N e-Postcard (latest 2025). Last full Form 990: 2022. IRS ruling in Sep 1980.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

56 cents of each dollar spent went to programs.

Program services 56% · $337K Management & general 31% · $185K Fundraising 14% · $83K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

6 people listed on the 990; $245K paid to officers and key staff (Part VII, Section A).

Part VII, Section A · reportable compensation
President & CEO
$208,750Pt VII · Sec A
Key Employee
$36,660Pt VII · Sec A
Board Member
$0Pt VII · Sec A
$0Pt VII · Sec A
Board Chairman
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A

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

NameFY2022FY2020
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.

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1 program · $337K · in their own filed words · FY2020
01

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.

$337Kprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · funders on record
Grants received · FY2023
Total grants receivedfrom 1 funder$16

By the numbers

The FY2020 990, line by line.

1The main four
Money inPt VIII
$555K
Ln 12
Fees for servicesLn 2g$357K
Gifts and grantsLn 1h$199K
Money outPt IX
$605K
Ln 25
Programscol B$337K
Managementcol C$185K
Fundraisingcol D$83K
Owns and owesPt X
−$120K
net assets · Ln 32
Cash and savingsLn 1–2$156K
Total assetsLn 16$159K
LiabilitiesLn 26$279K
PeoplePt VI, VII
6
listed · VII A
PaidVII A2
Voting boardVI 1a5
IndependentVI 1b4
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$199K
Government grantsLn 1e$38K
Fees for servicesLn 2g$357K
Total revenueLn 12$555K
Assets in detailPt X, end of year
CashLn 1$156K
Cash and savings togetherLn 1–2$156K
Accounts receivableLn 4$871
Land, buildings, equipmentLn 10c$2K
Total assetsLn 16$159K
LiabilitiesLn 26$279K
Net assetsLn 32−$120K
OperationsPt I, VI
EmployeesI 55
VolunteersI 62
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13No
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY20End FY20
Cash and savingsLn 1–2$47K$156K
Land, buildings, equipmentLn 10c$0$2K
Total assetsLn 16$47K$159K
LiabilitiesLn 26$118K$279K
Net assetsLn 32−$70K−$120K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of officers and key staff (Part IX, line 5)Ln 5$209K$125K$29K$54K
Other salaries and wagesLn 7$37K$22K$5K$10K
Other employee benefitsLn 9$2K$1K$349$648
Payroll taxesLn 10$14K$8K$2K$4K
Other fees for servicesLn 11g$103K$12K$91K$0
TravelLn 17$9K$5K$1K$2K
Conferences, conventions and meetingsLn 19$16K$10K$2K$4K
InterestLn 20$2K$0$2K$0
Depreciation, depletion and amortizationLn 22$233$0$233$0
InsuranceLn 23$4K$0$4K$0
Other expenses (24a–d)Ln 24$158K$153K$2K$3K
All other expensesLn 24e$51K$0$47K$5K
Total functional expensesLn 25$605K$337K$185K$83K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2022 LatestFiled with the IRS Nov 17, 2023 $1.5M$1.4M$107K$519K 990 PDF
FY2021 Not on file
FY2020 ViewingFiled with the IRS Aug 30, 2021 $555K$605K−$50K−$120K 990 PDF

Files the 990-N e-Postcard (latest 2025). Last full Form 990: 2022. The 990-N has no money details, and postcard years before 2025 are not published by the IRS.

Schedules filed Part IV

A · Public support I · Grants J · Pay O · Explanations
See the full FY2020 990
Part I · Summary $555,326 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $246,037$198,557
I-9 Program service revenuePrior year $575,531$356,769
I-10 Investment income$0
I-11 Other revenue$0
I-12 Total revenuePrior year $821,568$555,326
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $260,022$261,514
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $394,305$343,732
I-18 Total expensesPrior year $654,327$605,246
I-19 Revenue less expensesPrior year $167,241−$49,920
Part VI · Governance 4 of 5 board members independent, 1 to look at
VI-1a Voting members of the governing body5
VI-1b Independent voting members4
VI-13 Written whistleblower policyNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $555,326 across 5 lines filed
VIII-1e Government grants$37,680
VIII-1f All other contributions, gifts and grants$160,877
VIII-1h Total contributions, gifts and grants$198,557
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Unrelated business $0 · Excluded from tax $0$356,769
VIII-12 Total revenueRelated to mission $356,769 · Unrelated business $0 · Excluded from tax $0$555,326
Part IX · Statement of functional expenses $605,246 across 12 lines filed
IX-5 Pay of officers and key staff (Part IX, line 5)Programs $125,250 · Management $29,225 · Fundraising $54,275$208,750
IX-7 Other salaries and wagesPrograms $21,996 · Management $5,132 · Fundraising $9,532$36,660
IX-9 Other employee benefitsPrograms $1,492 · Management $349 · Fundraising $648$2,489
IX-10 Payroll taxesPrograms $8,169 · Management $1,906 · Fundraising $3,540$13,615
IX-11g Other fees for servicesPrograms $12,375 · Management $90,692 · Fundraising $0$103,067
IX-17 TravelPrograms $5,335 · Management $1,245 · Fundraising $2,312$8,892
IX-19 Conferences, conventions and meetingsPrograms $9,848 · Management $2,298 · Fundraising $4,267$16,413
IX-20 InterestPrograms $0 · Management $2,234 · Fundraising $0$2,234
IX-22 Depreciation, depletion and amortizationPrograms $0 · Management $233 · Fundraising $0$233
IX-23 InsurancePrograms $0 · Management $3,660 · Fundraising $0$3,660
IX-24 Other expenses (24a–d)Programs $152,571 · Management $1,840 · Fundraising $3,416$157,827
IX-24e All other expensesPrograms $0 · Management $46,672 · Fundraising $4,734$51,406
IX-25 Total functional expensesPrograms $337,036 · Management $185,486 · Fundraising $82,724$605,246
Part X · Balance sheet $158,851 assets, 11 lines filed
X-1 Cash, non-interest-bearingStart of year $47,396$156,213
X-4 Accounts receivable$871
X-10c Land, buildings and equipment, netStart of year $0$1,767
X-16 Total assetsStart of year $47,396$158,851
X-17 Accounts payable and accrued expensesStart of year $19,887$32,762
X-22 Loans from officers and insidersStart of year $97,829$96,329
X-24 Unsecured notes and loans payable$150,000
X-26 Total liabilitiesStart of year $117,716$279,091
X-27 Net assets without donor restrictionsStart of year −$70,320−$120,240
X-32 Total net assets or fund balancesStart of year −$70,320−$120,240
X-33 Total liabilities and net assetsStart of year $47,396$158,851
Part XI · Reconciliation of net assets −$120,240 net assets at year end
XI-1 Total revenue$555,326
XI-2 Total expenses$605,246
XI-3 Revenue less expenses−$49,920
XI-4 Net assets at start of year−$70,320
XI-10 Net assets at end of year−$120,240

Form 990 e-file (XML) FY2020 from the IRS · Classification, formation year and address from the IRS Business Master File

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