Leading Change Network INC EIN 45-3168596 Form 990 (PDF) Claim this org

Leading Change Network INC

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Empowers citizens with skills to participate effectively in democracy. For fiscal year 2024 it reported $742K in revenue, $927K in expenses, and $691K in net assets.Pt I

Type
Public charity (501(c)(3)) · Civil Rights & Advocacy
Location
Cambridge, MA
Website
leadingchangenetwork.org
Filings
5 on file (2020–2024)
Revenue
$742KFY2024
Expenses
$927K
Net assets
$691K
People
9
Filings
5
Updates
0
More identity details & actions ⌄
EIN  45-3168596 Public charity (501(c)(3)) Cambridge, MA
Form 990 (PDF)
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Size
$100K–1M
What they do
Empowers citizens with skills to participate effectively in democracy.
Leadership
Mais Irqsusi · Executive Director · $145K
Money in and out
$742K revenue, $927K expenses
Bottom line
85% program efficiency
Where the money goes · FY2024
Total revenue
$742K
Pt VIII · Ln 12
Total expenses
$927K
Pt IX · Ln 25
Net assets
$691K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): −$186K
Where spending went · Part IX cols B–D
Program services $0.85 Management & general $0.11 Fundraising $0.04
Program efficiency
85%
of spending reaches programs▼ -0.5% vs prior filing year
Operating runway
11.7mo
months of highly liquid reserves at operating expense rate▼ -32% vs prior filing year
Surplus margin
-25%
revenue over expenses, this year▼ -244% vs prior filing year

Summary of the Filing

Part I · fiscal year 2024 · Form 990
Revenue
$742K
FY2024▼ -5%
Expenses
$927K
FY2024▲ +44%
Total assets
$853K
FY2024▼ -13%
Total liabilities
$161K
FY2024▲ +60%
Total revenue
$742K
Pt VIII · Ln 12
Total expenses
$927K
Pt IX · Ln 25
Net assets
$691K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19−$186K
Total assetsPt X · Ln 16$853K
Program-expense ratioPt IX · col B85%
Voting members of governing bodyPt I · Ln 39
Independent voting membersPt I · Ln 48
Mission & Programs · Part III

Where the work happens

1 program service account for $785K of program spending, described in the organization's own filed words · FY2024.
01

Develop and educate the public about techniques for educating and organizing citizens to become involved in the democratic process.

$785Kprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CLeading Change Network INC
EINHdr · item D45-3168596
Principal addressHdr · item CCambridge, MA
WebsiteHdr · item Jleadingchangenetwork.org
Year of formationHdr · item Lpending
State of legal domicileHdr · item MMA
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFCivil Rights & Advocacy (R02)
Ruling yearIRS BMFApr 2012

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a9
Independent voting membersPt VI · Ln 1b8
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13Yes
Document retention policyPt VI · Ln 14Yes
CEO/top-official compensation independently reviewedPt VI · Ln 15aYes
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
Executive Director
$144,540Pt VII · Sec A
President/Chair
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
Vice Treasurer
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A

Mais Irqsusi’s $145K as Executive Director is at the 90th percentile of top reported officer pay among 1035 $100K–1M civil rights & advocacy 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

NameFY2024FY2023FY2022FY2021FY2020
Mais Irqsusi$144,540$134,400$120,000$99,200$16,000
Ana Babovic$60,000

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.

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Statement of Revenue

Part VIII
Program service revenue$497K · 67%
Contributions & grants$218K · 29%
Investment income$27K · 4%
Program service revenue67%$497K
Contributions & grants29%$218K
Investment income4%$27K
Total revenueLn 12$742K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.85 Management & general $0.11 Fundraising $0.04
Program services85%$785K
Management & general11%$102K
Fundraising4%$41K
Total functional expensesLn 25$927K

Balance Sheet

Part X · end of year
CashLn 1$794K
Total assetsLn 16$853K
Total liabilitiesLn 26$161K
Total net assetsLn 32$691K
Months of cash on handcomputed10.3

Financial Metrics

Form 990 · FY2024 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $794K · Operating expenses (Pt IX) $927K · Less non-cash grants $109K · Cash operating expenses/yr $818K
11.7 months
Where the money goes
Program services
Program services $785K · Total expenses $927K
85%
Management & General
Management & general $102K · Total expenses $927K
11%
Fundraising
Fundraising $41K · Total expenses $927K
4%
Cost to raise $1
Fundraising expense (3-yr avg) $33K · Solicited contributions (3-yr avg) $277K
$0.12 to raise $1 (3-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $218K · Total revenue $742K
29%
Government reliance
Government grants — · Total revenue $742K
Earned-income share
Program service revenue $497K · Total revenue $742K
67%
Investment reliance
Investment income $27K · Total revenue $742K
+4%
Program self-sufficiency
Program service revenue $497K · Total expenses $927K
54%
Growth & trend
Revenue growth (YoY)
This year $742K · Prior year $778K
-5%
Revenue CAGR
FY2020 $386K · FY2024 $742K
+18%
Net-asset trend (YoY)
End of year $691K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $742K · Expenses $927K
-25%
Liabilities-to-Assets
Total liabilities — · Total assets $853K
Net-asset ratio
Net assets $691K · Total assets $853K
81%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $853K
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Mais Irqsusi · Reported title EXECUTIVE DIRECTOR · Highest reported compensation $145K · Total expenses $927K
16%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $243K · Total expenses $927K
26%
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 85%
Overhead ratio 11%
Fundraising cost ratio 19%
Revenue growth -5%
Accounting fee ratio 3%

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Grants

Schedule I · funders on record
Grants received · FY2025
Total grants receivedfrom 1 funder$250

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2024 (Latest)$742K revenue · viewing · ⤓ 990 PDF
FY2023$778K revenue · ⤓ 990 PDF
FY2022$485K revenue · ⤓ 990 PDF
FY2021$1.4M revenue · ⤓ 990 PDF
FY2020$386K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2024IRS
Classification, formation year, addressIRS Business Master File
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