Leadsmart Training Solutions INC

Not tax-deductible

South Berwick, ME501(c)(6)EducationEIN 27-3030364

To provide training, educational services, and activities related to the environmentally safe abatement of lead and other hazardous materials

$215K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Pay: Part VII

Before you give

FY2025 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(6)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
No
Donations are not tax-deductible
Worth a look: the IRS does not list gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
2 of 5
filings with a surplus
Average deficit $56K a year · 8% of revenue · last 5 filings
Concern: a surplus in 2 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
0%
of spending
Concern: 0% of spending went to programs; under 50%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$215K
to officers and key staff · 24% of spending
Top officer’s pay higher than 87% of similar orgs
Worth a look: pay to officers and key staff is 24% of spending; over 20%.
Pt VII · Sec A
Cash reserves
<1 mo
of spending, in cash
Concern: 0.1 months of spending in cash; under 2 weeks.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$479K
370% of total assets
Concern: liabilities are 370% of assets; over 80%.
Pt X · Ln 26
Independent board members
1
of 3 voting members
Worth a look: 1 of 3 voting members are independent, under half.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$798K
+6% vs prior year
Spent
$892K
To programs
0%
Net assets
−$349K
By yearFY2021–FY2025
Revenue
$798K
FY2025▲ +6%
Revenue by fiscal year
FY2021$627K
FY2022$595K
FY2023$730K
FY2024$756K
FY2025$798K
Expenses
$892K
FY2025▲ +24%
Expenses by fiscal year
FY2021$594K
FY2022$780K
FY2023$802K
FY2024$720K
FY2025$892K
Net assets
−$349K
FY2025▼ -37%
Net assets by fiscal year
FY2021−$34K
FY2022−$219K
FY2023−$291K
FY2024−$255K
FY2025−$349K

From the FY2025 Form 990 (year ending June 2025) · see the original

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Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Feb 2014.

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

Who runs it and what they're paid

3 people listed on the 990; $215K paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2024); the FY2025 filing did not itemize Part VII
Vice Preside
$109,125Pt VII · Sec A
President,tr
$106,266Pt VII · Sec A
$0Pt VII · Sec A

Scott Spyropoulos’s $109K as Vice Preside is at the 87th percentile of top reported officer pay among 1613 $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 · 2 named individuals · Part VII

NameFY2025FY2024FY2023FY2022FY2021
Peter Lawton$106,266$69,239$82,890$108,306$119,732
Scott Spyropoulos$109,125$93,568———

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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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2Yes
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo
  • Loans to or from officersSch L · Pt II2 listed

Programs and updates

Trains workers in safely removing lead and hazardous materials.

Provided by the organization

This section is blank until Leadsmart Training Solutions INC claims this page.

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1 program service, described in the organization's own filed words · FY2024.
01

The organization provides occupational safety training in construction dealing with lead paint, asbestos and other toxic hazards, and provides training in osha regulations relating to construction and worksite hazards. The organization's training offerings also include osha 89 CFR 1926 construction standards.

Pt IX · col B

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By the numbers

The FY2025 990, line by line.

1The main four
Money inPt VIII
$798K
Ln 12
Fees for servicesLn 2g$775K
Other incomeLn 4–11$20K
Investment incomeLn 3$3K
Money outPt IX
$892K
Ln 25
Owns and owesPt X
−$349K
net assets · Ln 32
Cash and savingsLn 1–2$5K
Total assetsLn 16$129K
LiabilitiesLn 26$479K
PeoplePt VI, VII
3
listed · VII A
PaidVII A2
Voting boardVI 1a3
IndependentVI 1b1
2In more detail
Revenue in detailPt VIII
Fees for servicesLn 2g$775K
Investment incomeLn 3$3K
Other incomeLn 4–11$20K
Total revenueLn 12$798K
Assets in detailPt X, end of year
CashLn 1$4K
SavingsLn 2$309
Cash and savings togetherLn 1–2$5K
Land, buildings, equipmentLn 10c$44K
Other assetsLn 15$8K
Total assetsLn 16$129K
LiabilitiesLn 26$479K
Net assetsLn 32−$349K
OperationsPt I, VI
EmployeesI 59
VolunteersI 60
Fiscal year endsHeaderJune
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY25End FY25
Cash and savingsLn 1–2$5K$5K
Land, buildings, equipmentLn 10c$37K$44K
Total assetsLn 16$107K$129K
LiabilitiesLn 26$362K$479K
Net assetsLn 32−$255K−$349K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$700
Pay of current officers, directors and key staffLn 5$218K
Other salaries and wagesLn 7$213K
Other employee benefitsLn 9$5K
Payroll taxesLn 10$36K
Legal feesLn 11b$7K
Accounting feesLn 11c$12K
Other fees for servicesLn 11g$5K
Advertising and promotionLn 12$58K
Office expensesLn 13$23K
Information technologyLn 14$17K
OccupancyLn 16$74K
TravelLn 17$95K
InterestLn 20$34K
Depreciation, depletion and amortizationLn 22$13K
InsuranceLn 23$11K
Other expenses (24a–d)Ln 24$70K
Total functional expensesLn 25$892K$0$0$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest Viewing $798K$892K−$94K−$349K 990 PDF
FY2024 $756K$720K$36K−$255K 990 PDF
FY2023 $730K$802K−$72K−$291K 990 PDF
FY2022 $595K$780K−$185K−$219K 990 PDF
FY2021 $627K$594K$33K−$34K 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2025 990 (4 parts)
Part VIII · Statement of revenue $797,871 across 4 lines filed
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $775,172$775,172
VIII-3 Investment incomeExcluded from tax $3,109$3,109
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $19,590$19,590
VIII-12 Total revenueRelated to mission $794,762 · Excluded from tax $3,109$797,871
Part IX · Statement of functional expenses $892,062 across 17 lines filed
IX-1 Grants to domestic organizations$700
IX-5 Pay of current officers, directors and key staff$218,390
IX-7 Other salaries and wages$212,974
IX-9 Other employee benefits$5,053
IX-10 Payroll taxes$35,800
IX-11b Legal fees$6,666
IX-11c Accounting fees$12,305
IX-11g Other fees for services$5,276
IX-12 Advertising and promotion$58,349
IX-13 Office expenses$23,373
IX-14 Information technology$17,033
IX-16 Occupancy$73,964
IX-17 Travel$94,839
IX-20 Interest$34,072
IX-22 Depreciation, depletion and amortization$12,574
IX-23 Insurance$10,962
IX-24 Other expenses (24a–d)$69,732
IX-25 Total functional expensesPrograms $0 · Management $0 · Fundraising $0$892,062
Part X · Balance sheet $129,445 assets, 12 lines filed
Asset lines not itemized here account for $48,705; see the IRS return.
X-1 Cash, non-interest-bearingStart of year $938$4,245
X-2 Savings and temporary cash investmentsStart of year $3,701$309
X-4 Accounts receivableStart of year $7,642$21,711
X-8 Inventories for sale or useStart of year $4,625$2,911
X-10c Land, buildings and equipment, netStart of year $36,712$44,012
X-15 Other assetsStart of year $717$7,552
X-16 Total assetsStart of year $107,004$129,445
X-17 Accounts payable and accrued expensesStart of year $2,799$34,691
X-24 Unsecured notes and loans payableStart of year $300,300$300,300
X-26 Total liabilitiesStart of year $362,049$478,681
X-32 Total net assets or fund balancesStart of year −$255,045−$349,236
X-33 Total liabilities and net assetsStart of year $107,004$129,445
Part XI · Reconciliation of net assets −$349,236 net assets at year end
XI-1 Total revenue$797,871
XI-2 Total expenses$892,062
XI-3 Revenue less expenses−$94,191
XI-4 Net assets at start of year−$255,045
XI-10 Net assets at end of year−$349,236

Form 990 e-file (XML) FY2025 from the IRS · Classification, formation year and address from the IRS Business Master File

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