Leadsmart Training Solutions INC FY2023 filing

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

501(c)(6) business league; gifts are not tax-deductible as charitable contributions.
$83K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Pay: Part VII

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FY2023 · 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
$83K
to officers and key staff · 10% of spending
Looks good: pay to officers and key staff is 10% of spending; 15% or less.
Pt VII · Sec A
<1 mo
of spending, in cash
Concern: 0.2 months of spending in cash; under 2 weeks.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$416K
335% of total assets
Concern: liabilities are 335% of assets; over 80%.
Pt X · Ln 26
Independent board members
2
of 3 voting members
Looks good: 2 of 3 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$730K
+23% vs prior year
Spent
$802K
To programs
0%
Net assets
−$291K
By yearFY2021–FY2025
Revenue
$730K
FY2023▲ +23%
Tap a bar for its year
Revenue by fiscal year
FY2021$627K
FY2022$595K
FY2023$730K
FY2024$756K
FY2025$798K
Expenses
$802K
FY2023▲ +3%
Tap a bar for its year
Expenses by fiscal year
FY2021$594K
FY2022$780K
FY2023$802K
FY2024$720K
FY2025$892K
Net assets
−$291K
FY2023▼ -33%
Tap a bar for its year
Net assets by fiscal year
FY2021−$34K
FY2022−$219K
FY2023−$291K
FY2024−$255K
FY2025−$349K

From the FY2023 Form 990 (year ending June 2023) · figures checked against the IRS filing · see the original

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You’re viewing the FY2023 filing — not the latest on file. See the latest (FY2025) →

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; $83K paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2022); the FY2023 filing did not itemize Part VII
President
$82,890Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$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 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo
  • Loans to or from officersSch L · Pt II1 listed

Programs and updates

Trains workers in safely removing lead and hazardous materials.

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Provided by the organization

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1 program · $313K · in their own filed words · FY2022
01

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

$313Kprogram expense

By the numbers

The FY2023 990, line by line.

1The main four
Money inPt VIII
$730K
Ln 12
Fees for servicesLn 2g$692K
Other incomeLn 4–11$35K
Investment incomeLn 3$2K
Money outPt IX
$802K
Ln 25
Owns and owesPt X
−$291K
net assets · Ln 32
Cash and savingsLn 1–2$11K
Total assetsLn 16$124K
LiabilitiesLn 26$416K
PeoplePt VI, VII
3
listed · VII A
PaidVII A1
Voting boardVI 1a3
IndependentVI 1b2
2In more detail
Revenue in detailPt VIII
Fees for servicesLn 2g$692K
Investment incomeLn 3$2K
Other incomeLn 4–11$35K
Gains on assetsLn 7$2K
Total revenueLn 12$730K
Assets in detailPt X, end of year
CashLn 1$6K
SavingsLn 2$5K
Cash and savings togetherLn 1–2$11K
Land, buildings, equipmentLn 10c$48K
Total assetsLn 16$124K
LiabilitiesLn 26$416K
Net assetsLn 32−$291K
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 FY23End FY23
Cash and savingsLn 1–2$28K$11K
Land, buildings, equipmentLn 10c$10K$48K
Total assetsLn 16$129K$124K
LiabilitiesLn 26$348K$416K
Net assetsLn 32−$219K−$291K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$75K
Other salaries and wagesLn 7$236K
Other employee benefitsLn 9$21K
Payroll taxesLn 10$27K
Legal feesLn 11b$4K
Accounting feesLn 11c$28K
Other fees for servicesLn 11g$4K
Advertising and promotionLn 12$64K
Office expensesLn 13$9K
Information technologyLn 14$7K
OccupancyLn 16$64K
TravelLn 17$54K
Conferences, conventions and meetingsLn 19$11K
InterestLn 20$27K
Depreciation, depletion and amortizationLn 22$13K
InsuranceLn 23$15K
Other expenses (24a–d)Ln 24$136K
All other expensesLn 24e$6K
Total functional expensesLn 25$802K$0$0$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $798K$892K−$94K−$349K 990 PDF
FY2024 $756K$720K$36K−$255K 990 PDF
FY2023 Viewing $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 R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support O · Explanations
See the full FY2023 990 (6 parts)
Part I · Summary $729,625 revenue, 12 lines filed
I-8 Contributions and grants$0
I-9 Program service revenuePrior year $594,655$692,374
I-10 Investment incomePrior year $8$2,001
I-11 Other revenue$35,250
I-12 Total revenuePrior year $594,663$729,625
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $401,148$358,777
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $378,528$442,894
I-18 Total expensesPrior year $779,676$801,671
I-19 Revenue less expensesPrior year −$185,013−$72,046
Part VI · Governance 2 of 3 board members independent, 4 to look at
VI-1a Voting members of the governing body3
VI-1b Independent voting members2
VI-12a Written conflict of interest policyNo
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
Part VIII · Statement of revenue $729,625 across 5 lines filed
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $692,374$692,374
VIII-3 Investment incomeExcluded from tax $1$1
VIII-7 Net gain or loss on sales of assetsRelated to mission $2,000$2,000
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $35,250$35,250
VIII-12 Total revenueRelated to mission $729,624 · Excluded from tax $1$729,625
Part IX · Statement of functional expenses $801,671 across 18 lines filed
IX-5 Pay of current officers, directors and key staff$75,026
IX-7 Other salaries and wages$236,415
IX-9 Other employee benefits$20,735
IX-10 Payroll taxes$26,601
IX-11b Legal fees$3,655
IX-11c Accounting fees$27,884
IX-11g Other fees for services$3,994
IX-12 Advertising and promotion$64,264
IX-13 Office expenses$9,471
IX-14 Information technology$7,185
IX-16 Occupancy$64,298
IX-17 Travel$54,215
IX-19 Conferences, conventions and meetings$10,875
IX-20 Interest$26,667
IX-22 Depreciation, depletion and amortization$12,699
IX-23 Insurance$15,096
IX-24 Other expenses (24a–d)$136,495
IX-24e All other expenses$6,096
IX-25 Total functional expensesPrograms $0 · Management $0 · Fundraising $0$801,671
Part X · Balance sheet $124,244 assets, 11 lines filed
Asset lines not itemized here account for $3,727; see the IRS return.
X-1 Cash, non-interest-bearingStart of year $21,308$6,364
X-2 Savings and temporary cash investmentsStart of year $7,032$4,643
X-4 Accounts receivableStart of year $64,590$50,312
X-8 Inventories for sale or useStart of year $11,349$11,295
X-10c Land, buildings and equipment, netStart of year $9,772$47,903
X-16 Total assetsStart of year $128,787$124,244
X-17 Accounts payable and accrued expensesStart of year $12,897$51,998
X-25 Other liabilitiesStart of year $35,085$19,377
X-26 Total liabilitiesStart of year $348,182$415,685
X-32 Total net assets or fund balancesStart of year −$219,395−$291,441
X-33 Total liabilities and net assetsStart of year $128,787$124,244
Part XI · Reconciliation of net assets −$291,441 net assets at year end
XI-1 Total revenue$729,625
XI-2 Total expenses$801,671
XI-3 Revenue less expenses−$72,046
XI-4 Net assets at start of year−$219,395
XI-10 Net assets at end of year−$291,441

Form 990 e-file (XML) FY2023 from the IRS · Classification, formation year and address from the IRS Business Master File

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