Leading Educators INC FY2022 filing

Tax-deductible

Chicago, IL501(c)(3)Since 2011EducationEIN 45-1447048

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Leading Educators partners with school systems to build and sustain the conditions, teaching, and leadership to ensure that the students furthest from opportunity succeed in school and in life.

501(c)(3) charity; gifts are tax-deductible.
73¢ of each $1 spent went to programs.
$1.7M paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

Before you give

FY2022 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
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
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
2 of 5
filings with a surplus
Average surplus $4.3M a year · 23% of revenue · last 5 filings
Worth a look: a surplus in 2 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
73%
of spending
Fine: 73% of spending went to programs; 65% to 75%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$1.7M
to officers and key staff · 13% of spending
Looks good: pay to officers and key staff is 13% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
17 mo
of spending, in cash
Looks good: 17.3 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
13
named funders · $4.6M
Looks good: 13 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$664K
2% of total assets
Looks good: liabilities are 2% of assets; 50% or less.
Pt X · Ln 26
Independent board members
11
of 11 voting members
Looks good: 11 of 11 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$33.0M
+249% vs prior year
Spent
$12.8M
To programs
73%
Net assets
$28.5M
By yearFY2020–FY2024
Revenue
$33.0M
FY2022▲ +249%
Revenue by fiscal year
FY2020$10.0M
FY2021$9.5M
FY2022$33.0M
FY2023$15.8M
FY2024$25.5M
FY2024$22.4M
Expenses
$12.8M
FY2022▲ +27%
Expenses by fiscal year
FY2020$11.2M
FY2021$10.1M
FY2022$12.8M
FY2023$16.3M
FY2024$21.8M
FY2024$21.1M
Net assets
$28.5M
FY2022▲ +243%
Net assets by fiscal year
FY2020$8.6M
FY2021$8.3M
FY2022$28.5M
FY2023$28.0M
FY2024$31.1M
FY2024$32.4M

From the FY2022 Form 990 (year ending June 2022) · figures checked against the IRS filing · see the original

Form 990 (PDF) Claim
You’re viewing the FY2022 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 ruling in Jun 2011.

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

Where the money goes

73 cents of each dollar spent went to programs.

Program services 73% · $9.4M Management & general 24% · $3.1M Fundraising 3% · $339K

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

22 people listed on the 990; $1.7M paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2021); the FY2022 filing did not itemize Part VII
Chief Executive Officer
$233,910Pt VII · Sec A
Chief of Networks
$186,028Pt VII · Sec A
Chief Impact Officer
$164,116Pt VII · Sec A
Deputy Chief of Networks
$152,998Pt VII · Sec A
Highly Paid Employee
$147,347Pt VII · Sec A
Chief Operating Officer
$141,104Pt VII · Sec A
Chief Financial Officer
$139,664Pt VII · Sec A
Highly Paid Employee
$133,783Pt VII · Sec A

Chong-Hao Fu’s $320K as Chief Executive Officer is at the 68th percentile of top reported officer pay among 3683 $10–100M 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 · 8 named individuals · Part VII

NameFY2024FY2024FY2023FY2022FY2021FY2020
Chong-Hao Fu$320,000$292,375$265,420$233,910$247,365$207,000
Lakimbre Brown$217,681$218,311$195,129$186,028$138,305—
Laura Meili$211,982$200,621$177,313$164,116$144,911$130,100
Simone Senior$206,265$177,465$171,193$141,104$135,997$139,008
Daniel Obregon$203,474—————
Amy Rome————$130,513$200,000
Javier Cortez$183,070$120,942————
Mikelle Willis————$124,937$180,200

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 15aYes

Programs and updates

Improves teaching quality and student learning through professional development and systems design.

Provided by the organization

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1 program · $9.4M · in their own filed words · FY2021
01

Leading educators provides unmatched support to transform instruction, develop dynamic teaching teams and accelerate learning for all students. Our customized approaches to instructional improvements offer direct support for teachers that strengthens the conditions and learning infrastructure around them.

$9.4Mprogram 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 · FY2024
See all 13 funders →

By the numbers

The FY2022 990, line by line.

1The main four
Money inPt VIII
$33.0M
Ln 12
Gifts and grantsLn 1h$26.7M
Fees for servicesLn 2g$6.3M
Other incomeLn 4–11$19K
Money outPt IX
$12.8M
Ln 25
Programscol B$9.4M
Managementcol C$3.1M
Fundraisingcol D$339K
Owns and owesPt X
$28.5M
net assets · Ln 32
Cash and savingsLn 1–2$18.5M
Total assetsLn 16$29.2M
LiabilitiesLn 26$664K
PeoplePt VI, VII
22
listed · VII A
PaidVII A11
Voting boardVI 1a11
IndependentVI 1b11
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$26.7M
Government grantsLn 1e$1.4M
Fees for servicesLn 2g$6.3M
Investment incomeLn 3$38
Other incomeLn 4–11$19K
Total revenueLn 12$33.0M
Assets in detailPt X, end of year
CashLn 1$18.3M
SavingsLn 2$192K
Cash and savings togetherLn 1–2$18.5M
Land, buildings, equipmentLn 10c$40K
Other assetsLn 15$11K
Total assetsLn 16$29.2M
LiabilitiesLn 26$664K
Net assetsLn 32$28.5M
OperationsPt I, VI
EmployeesI 5125
VolunteersI 610
Fiscal year endsHeaderJune
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY22End FY22
Cash and savingsLn 1–2$6.8M$18.5M
Land, buildings, equipmentLn 10c$68K$40K
Total assetsLn 16$10.2M$29.2M
LiabilitiesLn 26$1.8M$664K
Net assetsLn 32$8.3M$28.5M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$1.2M$366K$820K$2K
Other salaries and wagesLn 7$7.4M$6.3M$899K$262K
Pension plan contributionsLn 8$155K$136K$13K$6K
Other employee benefitsLn 9$1.1M$877K$195K$36K
Payroll taxesLn 10$642K$488K$134K$20K
Legal feesLn 11b$9K$4K$5K$41
Accounting feesLn 11c$193K$89K$103K$918
Other fees for servicesLn 11g$1.1M$513K$591K$5K
Advertising and promotionLn 12$36K$25K$11K$468
Office expensesLn 13$112K$37K$73K$2K
OccupancyLn 16$51K$653$50K
TravelLn 17$328K$296K$32K
Conferences, conventions and meetingsLn 19$115K$104K$11K
InterestLn 20$6K$6K
Depreciation, depletion and amortizationLn 22$37K$37K
InsuranceLn 23$29K$29K
Other expenses (24a–d)Ln 24$262K$149K$109K$4K
All other expensesLn 24e$4K$2K$2K$15
Total functional expensesLn 25$12.8M$9.4M$3.1M$339K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 $25.5M$21.8M$3.7M$31.1M 990 PDF
FY2023 $15.8M$16.3M−$509K$28.0M 990 PDF
FY2022 Viewing $33.0M$12.8M$20.2M$28.5M 990 PDF
FY2021 $9.5M$10.1M−$637K$8.3M 990 PDF
FY2020 $10.0M$11.2M−$1.2M$8.6M 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 FY2022 990 (4 parts)
Part VIII · Statement of revenue $33,021,639 across 8 lines filed
VIII-1e Government grants$1,357,025
VIII-1f All other contributions, gifts and grants$25,337,779
VIII-1h Total contributions, gifts and grants$26,694,804
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $6,307,434$6,307,434
VIII-3 Investment incomeExcluded from tax $38$38
VIII-6 Net rental income or lossExcluded from tax −$2,000−$2,000
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $21,363$21,363
VIII-12 Total revenueRelated to mission $6,328,797 · Unrelated business $0 · Excluded from tax −$1,962$33,021,639
Part IX · Statement of functional expenses $12,817,367 across 18 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $366,140 · Management $819,809 · Fundraising $2,458$1,188,407
IX-7 Other salaries and wagesPrograms $6,272,265 · Management $898,891 · Fundraising $262,093$7,433,249
IX-8 Pension plan contributionsPrograms $135,802 · Management $12,959 · Fundraising $5,826$154,587
IX-9 Other employee benefitsPrograms $877,446 · Management $194,552 · Fundraising $36,105$1,108,103
IX-10 Payroll taxesPrograms $488,180 · Management $134,010 · Fundraising $19,668$641,858
IX-11b Legal feesPrograms $3,955 · Management $4,559 · Fundraising $41$8,555
IX-11c Accounting feesPrograms $89,109 · Management $102,720 · Fundraising $918$192,747
IX-11g Other fees for servicesPrograms $512,893 · Management $591,238 · Fundraising $5,286$1,109,417
IX-12 Advertising and promotionPrograms $24,507 · Management $10,828 · Fundraising $468$35,803
IX-13 Office expensesPrograms $37,102 · Management $73,074 · Fundraising $2,312$112,488
IX-16 OccupancyPrograms $653 · Management $50,076$50,729
IX-17 TravelPrograms $296,270 · Management $32,041$328,311
IX-19 Conferences, conventions and meetingsPrograms $104,028 · Management $11,251$115,279
IX-20 InterestManagement $5,787$5,787
IX-22 Depreciation, depletion and amortizationManagement $37,149$37,149
IX-23 InsuranceManagement $28,633$28,633
IX-24 Other expenses (24a–d)Programs $149,096 · Management $108,778 · Fundraising $4,278$262,152
IX-24e All other expensesPrograms $1,829 · Management $2,269 · Fundraising $15$4,113
IX-25 Total functional expensesPrograms $9,359,275 · Management $3,118,624 · Fundraising $339,468$12,817,367
Part X · Balance sheet $29,184,327 assets, 15 lines filed
X-1 Cash, non-interest-bearingStart of year $6,602,498$18,290,573
X-2 Savings and temporary cash investmentsStart of year $191,648$191,686
X-3 Pledges and grants receivableStart of year $876,421$8,516,131
X-4 Accounts receivableStart of year $2,370,413$2,081,724
X-9 Prepaid expenses and deferred chargesStart of year $39,727$52,931
X-10c Land, buildings and equipment, netStart of year $68,219$40,007
X-15 Other assetsStart of year $11,275$11,275
X-16 Total assetsStart of year $10,160,201$29,184,327
X-17 Accounts payable and accrued expensesStart of year $210,176$349,959
X-25 Other liabilitiesStart of year $277,225$314,321
X-26 Total liabilitiesStart of year $1,844,426$664,280
X-27 Net assets without donor restrictionsStart of year $6,195,610$20,173,536
X-28 Net assets with donor restrictionsStart of year $2,120,165$8,346,511
X-32 Total net assets or fund balancesStart of year $8,315,775$28,520,047
X-33 Total liabilities and net assetsStart of year $10,160,201$29,184,327
Part XI · Reconciliation of net assets $28,520,047 net assets at year end
XI-1 Total revenue$33,021,639
XI-2 Total expenses$12,817,367
XI-3 Revenue less expenses$20,204,272
XI-4 Net assets at start of year$8,315,775
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$28,520,047

Form 990 e-file (XML) FY2022 from the IRS · Classification, formation year and address from the IRS Business Master File

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