Lead 1 Association FY2021 filing

The Plains, VAUnknown exempt organization EIN 31-1239472Revenue $949K in FY2021Latest return filed Feb 24, 2025

On file with the IRSlead1association.comThe Plains, VA

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To sponsor college athletics on a national level serving the group's information and community needs.

Form 990 Part I, line 1, FY2021. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 31-1239472) · Dispute this line
100¢ of each $1 spent went to programs.
$475K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Programs: Part IX · Pay: Part VII

Before you give

FY2021 · Form 990Independent: from IRS data, not the org
Download 990
Latest return
FY2024
latest Form 990
The latest return is for FY2024, 2 tax years back.
IRS e-file · Filing history
Surplus or deficit
2 of 5
filings with a surplus
Average deficit $5K a year · 0.4% of revenue · last 5 filings
A surplus in 2 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
100%
of spending
100% of spending went to programs.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$475K
to officers and key staff · 49% of spending
Pay to officers and key staff is 49% of spending.
Part VII, Section A
9.3 mo
of spending, in cash
9.3 months of spending in cash.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$912K
103% of total assets
Liabilities are 103% of assets.
Pt X · Ln 26
Independent board members
19
of 19 voting members
19 of 19 voting members are independent.
Pt VI · Ln 1a–1b
Revenue
$949K
+1% vs prior year
Spent
$968K
To programs
100%
Net assets
−$31K
By yearFY2020–FY2024
Revenue
$949K
FY2021▲ +1%
Tap a bar for its year
Revenue by fiscal year
FY2020$939K
FY2021$949K
FY2022$1.7M
FY2023$1.7M
FY2024$1.3M
Expenses
$968K
FY2021▼ -1%
Tap a bar for its year
Expenses by fiscal year
FY2020$977K
FY2021$968K
FY2022$1.9M
FY2023$1.6M
FY2024$1.2M
Net assets
−$31K
FY2021▼ -160%
Tap a bar for its year
Net assets by fiscal year
FY2020−$12K
FY2021−$31K
FY2022−$203K
FY2023−$71K
FY2024$0

From the FY2021 Form 990 · figures checked against the IRS filing · see the original

You’re viewing the FY2021 filing — not the latest on file. See the latest (FY2024) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024.

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

Where the money goes

100 cents of each dollar spent went to programs.

Program services 100% · $968K

Form 990 Part IX, line 25. Every line is in By the numbers.

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Who runs it and what they're paid

22 people listed on the 990; $475K paid to officers and key staff (Part VII, Section A).

Part VII, Section A · reportable compensation
$360,000Pt VII · Sec A
Treasurer
$115,000Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A

Compensation history total reportable pay by year · 2 named individuals · Part VII

NameFY2024FY2023FY2022FY2021FY2020
Thomas McMillen$275,072$437,500$475,000$360,000$418,333
Mike Brigante$45,096$75,900$131,100$115,000$103,000

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 1 Association 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

Programs and updates

Sponsors national college athletics, supporting athletes' information and community needs.

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1 program · $968K · in their own filed words · FY2021
01

Expenses incurred in executing the organization's exempt purpose of sponsoring college athletics.

Form 990 Part III, line 4, FY2021. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 31-1239472) · Dispute this line
$968Kprogram expense

By the numbers

The FY2021 990, line by line.

1The main four
Money inPt VIII
$949K
Ln 12
Gifts and grantsLn 1h$725K
Fees for servicesLn 2g$224K
Investment incomeLn 3$50
Money outPt IX
$968K
Ln 25
Programscol B$968K
Owns and owesPt X
−$31K
net assets · Ln 32
Cash and savingsLn 1–2$750K
Total assetsLn 16$881K
LiabilitiesLn 26$912K
PeoplePt VI, VII
22
listed · VII A
PaidVII A2
Voting boardVI 1a19
IndependentVI 1b19
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$725K
Government grantsLn 1e$90K
Fees for servicesLn 2g$224K
Investment incomeLn 3$50
Total revenueLn 12$949K
Assets in detailPt X, end of year
CashLn 1$750K
Cash and savings togetherLn 1–2$750K
Accounts receivableLn 4$126K
Prepaid expenses and deferred chargesLn 9$6K
Total assetsLn 16$881K
LiabilitiesLn 26$912K
Net assetsLn 32−$31K
OperationsPt I, VI
EmployeesI 55
VolunteersI 60
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13No
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY21End FY21
Cash and savingsLn 1–2$240K$750K
Land, buildings, equipmentLn 10c$0$0
Total assetsLn 16$278K$881K
LiabilitiesLn 26$290K$912K
Net assetsLn 32−$12K−$31K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of officers and key staff (Part IX, line 5)Ln 5$492K$492K
Other salaries and wagesLn 7$172K$172K
Pension plan contributionsLn 8$2K$2K
Other employee benefitsLn 9$42K$42K
Payroll taxesLn 10$37K$37K
Legal feesLn 11b$144$144
Accounting feesLn 11c$15K$15K
Other fees for servicesLn 11g$19K$19K
Advertising and promotionLn 12$525$525
Office expensesLn 13$28K$28K
Information technologyLn 14$23K$23K
OccupancyLn 16$29K$29K
TravelLn 17$7K$7K
Conferences, conventions and meetingsLn 19$90K$90K
InterestLn 20$5K$5K
InsuranceLn 23$3K$3K
Other expenses (24a–d)Ln 24$2K$2K
Total functional expensesLn 25$968K$968K$0$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 LatestFiled with the IRS Feb 24, 2025 $1.3M$1.2M$71K$0 990 PDF
FY2023Filed with the IRS Nov 15, 2024 $1.7M$1.6M$132K−$71K 990 PDF
FY2022Filed with the IRS Nov 15, 2023 $1.7M$1.9M−$173K−$203K 990 PDF
FY2021 ViewingFiled with the IRS Nov 15, 2022 $949K$968K−$19K−$31K 990 PDF
FY2020Filed with the IRS Nov 3, 2021 $939K$977K−$38K−$12K 990 PDF

Schedules filed Part IV

I · Grants J · Pay O · Explanations
See the full FY2021 990
Part I · Summary $949,172 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $718,106$725,122
I-9 Program service revenuePrior year $180,500$224,000
I-10 Investment incomePrior year $48$50
I-11 Other revenuePrior year $40,624$0
I-12 Total revenuePrior year $939,278$949,172
I-13 Grants and similar amounts paidPrior year $0$0
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $790,158$746,084
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $187,194$221,956
I-18 Total expensesPrior year $977,352$968,040
I-19 Revenue less expensesPrior year −$38,074−$18,868
Part VI · Governance 19 of 19 board members independent, 2 to look at
VI-1a Voting members of the governing body19
VI-1b Independent voting members19
VI-12a Written conflict of interest policyNo
VI-13 Written whistleblower policyNo
VI-2 Family or business relationship among officers or directorsNo
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $949,172 across 6 lines filed
VIII-1b Membership dues$635,000
VIII-1e Government grants$90,122
VIII-1h Total contributions, gifts and grants$725,122
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $224,000$224,000
VIII-3 Investment incomeExcluded from tax $50$50
VIII-12 Total revenueRelated to mission $224,000 · Unrelated business $0 · Excluded from tax $50$949,172
Part IX · Statement of functional expenses $968,040 across 17 lines filed
IX-5 Pay of officers and key staff (Part IX, line 5)Programs $492,235$492,235
IX-7 Other salaries and wagesPrograms $171,856$171,856
IX-8 Pension plan contributionsPrograms $2,413$2,413
IX-9 Other employee benefitsPrograms $42,219$42,219
IX-10 Payroll taxesPrograms $37,361$37,361
IX-11b Legal feesPrograms $144$144
IX-11c Accounting feesPrograms $15,325$15,325
IX-11g Other fees for servicesPrograms $18,883$18,883
IX-12 Advertising and promotionPrograms $525$525
IX-13 Office expensesPrograms $28,333$28,333
IX-14 Information technologyPrograms $22,673$22,673
IX-16 OccupancyPrograms $29,400$29,400
IX-17 TravelPrograms $6,832$6,832
IX-19 Conferences, conventions and meetingsPrograms $89,863$89,863
IX-20 InterestPrograms $4,584$4,584
IX-23 InsurancePrograms $2,894$2,894
IX-24 Other expenses (24a–d)Programs $2,500$2,500
IX-25 Total functional expensesPrograms $968,040 · Management $0 · Fundraising $0$968,040
Part X · Balance sheet $881,117 assets, 12 lines filed
X-1 Cash, non-interest-bearingStart of year $240,185$749,507
X-4 Accounts receivableStart of year $7,417$126,000
X-9 Prepaid expenses and deferred chargesStart of year $30,478$5,610
X-10c Land, buildings and equipment, netStart of year $0$0
X-16 Total assetsStart of year $278,080$881,117
X-17 Accounts payable and accrued expensesStart of year $92,947$118,896
X-19 Deferred revenueStart of year $44,500$641,000
X-23 Secured mortgages and notes payableStart of year $152,406$151,862
X-26 Total liabilitiesStart of year $289,853$911,758
X-27 Net assets without donor restrictionsStart of year −$11,773−$30,641
X-32 Total net assets or fund balancesStart of year −$11,773−$30,641
X-33 Total liabilities and net assetsStart of year $278,080$881,117
Part XI · Reconciliation of net assets −$30,641 net assets at year end
XI-1 Total revenue$949,172
XI-2 Total expenses$968,040
XI-3 Revenue less expenses−$18,868
XI-4 Net assets at start of year−$11,773
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year−$30,641

Form 990 e-file FY2021 from the IRS (about our sources) · Classification, formation year and address from the IRS Business Master File

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