Lead-Oc EIN 45-4650097

Lead-Oc FY2021 filing

EIN  45-4650097 Public foundation / grantmaker Newport Beach, CA
Form 990 (PDF)
You’re viewing the FY2021 filing — not the latest on file. See the latest (FY2024) →
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Size
$100K–1M
What they do
Local executives raise funds for charities supporting children and the military.
Leadership
Josh Meier · President
Money in and out
$258K revenue, $253K expenses
Bottom line
100% program efficiency

Local executives raise funds for charities supporting children and the military. For fiscal year 2021 it reported $258K in revenue, $253K in expenses, and $32K in net assets.Pt I

Grants paid & assets · FY2021
Total revenue
$258K
Pt VIII · Ln 12
Total expenses
$253K
Pt IX · Ln 25
Net assets
$32K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $5K
Where spending went · Part IX cols B–D
Program services $1.00
Program efficiency
100%
of spending reaches programs
Operating runway
8.9mo
months of highly liquid reserves at operating expense rate
Surplus margin
+2%
revenue over expenses, this year

Summary of the Filing

Part I · fiscal year 2021 · Form 990
Revenue
$258K
FY2021▲ ×17
Expenses
$253K
FY2021▲ ×56
Total assets
$187K
FY2021▲ +534%
Total liabilities
$155K
FY2021▲ ×62
Total revenue
$258K
Pt VIII · Ln 12
Total expenses
$253K
Pt IX · Ln 25
Net assets
$32K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$5K
Total assetsPt X · Ln 16$187K
Program-expense ratioPt IX · col B100%
Voting members of governing bodyPt I · Ln 39
Independent voting membersPt I · Ln 49
Mission & Programs · Part III

Where the work happens

1 program service account for $253K of program spending, described in the organization's own filed words · FY2021.
01

Fundraising events for philanthropic purposes.

$253Kprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CLead-Oc
EINHdr · item D45-4650097
Principal addressHdr · item CNewport Beach, CA
WebsiteHdr · item Jleadoc.org
Year of formationHdr · item Lpending
State of legal domicileHdr · item MCA
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFFoundations & Grantmakers (T30)
Ruling yearIRS BMFJun 2017

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a9
Independent voting membersPt VI · Ln 1b9
Conflict-of-interest policyPt VI · Ln 12aNo
Whistleblower policyPt VI · Ln 13No
Document retention policyPt VI · Ln 14No
CEO/top-official compensation independently reviewedPt VI · Ln 15aNo
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
President
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
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Statement of Revenue

Part VIII
Other revenue100%$258K
Investment income$30
Total revenueLn 12$258K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $1.00
Program services100%$253K
Total functional expensesLn 25$253K

Balance Sheet

Part X · end of year
CashLn 1$187K
Total assetsLn 16$187K
Total liabilitiesLn 26$155K
Total net assetsLn 32$32K
Months of cash on handcomputed8.9

Financial Metrics

Form 990 · FY2021 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $187K · Operating expenses/yr $253K
8.9 months
Where the money goes
Program services
Program services $253K · Total expenses $253K
100%
Management & General
Management & general $0 · Total expenses $253K
0%
Fundraising
Fundraising $0 · Total expenses $253K
0%
Cost to raise $1
Fundraising expense (2-yr avg) $0 · Solicited contributions (2-yr avg) $0
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $0 · Total revenue $258K
0%
Government reliance
Government grants — · Total revenue $258K
Earned-income share
Program service revenue $0 · Total revenue $258K
0%
Investment reliance
Investment income $30 · Total revenue $258K
+0.01%
Program self-sufficiency
Program service revenue $0 · Total expenses $253K
0%
Growth & trend
Revenue growth (YoY)
This year $258K · Prior year $15K
Prior-year revenue below floor — showing dollar change
Net-asset trend (YoY)
End of year $32K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $258K · Expenses $253K
+2%
Liabilities-to-Assets
Total liabilities — · Total assets $187K
Net-asset ratio
Net assets $32K · Total assets $187K
17%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $187K
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Josh Meier · Reported title PRESIDENT · Highest reported compensation $0 · Total expenses $253K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) — · Total expenses $253K
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 100%
Overhead ratio 0%
Revenue growth ×17

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 · received and paid
Grants received · FY2023
Total grants receivedfrom 1 funder$1K
Grants paid · 6 grants · $523K · 2021–2024
Orangewood FoundationCA · FY2024$120,000
The UCLA FoundationCA · FY2024$70,000
The UCLA FoundationCA · FY2023$56,774
The UCLA FoundationCA · FY2022$34,500
Olive CrestCA · FY2021$155,000
The UCLA FoundationCA · FY2021$86,558

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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)$153K revenue · ⤓ 990 PDF
FY2023$95K revenue · ⤓ 990 PDF
FY2022$27K revenue · ⤓ 990 PDF
FY2021$258K revenue · viewing · ⤓ 990 PDF
FY2020$15K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2021IRS
Classification, formation year, addressIRS Business Master File
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