Ilead Lancaster FY2022 filing

Tax-deductible

Lancaster, CA501(c)(3)Since 2012EducationEIN 45-4768181

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The mission of Ilead Lancaster charter school is to empower students to become conscientious, compassionate, and responsible citizens of the world.

501(c)(3) charity; gifts are tax-deductible.
93¢ of each $1 spent went to programs.
$122K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

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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
5 of 5
filings with a surplus
Average surplus $969K a year · 8% of revenue · last 5 filings
Looks good: a surplus in 5 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
93%
of spending
Looks good: 93% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$122K
to officers and key staff · 1% of spending
Looks good: pay to officers and key staff is 1% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
7 mo
of spending, in cash
Looks good: 7.2 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $75
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$2.4M
30% of total assets
Looks good: liabilities are 30% of assets; 50% or less.
Pt X · Ln 26
Independent board members
3
of 3 voting members
Looks good: 3 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
$10.7M
+2% vs prior year
Spent
$9.5M
To programs
93%
Net assets
$5.7M
By yearFY2020–FY2024
Revenue
$10.7M
FY2022▲ +2%
Revenue by fiscal year
FY2020$9.6M
FY2021$10.5M
FY2022$10.7M
FY2023$12.1M
FY2024$14.8M
FY2024$13.9M
Expenses
$9.5M
FY2022▼ -0.5%
Expenses by fiscal year
FY2020$7.9M
FY2021$9.5M
FY2022$9.5M
FY2023$11.6M
FY2024$14.1M
FY2024$13.4M
Net assets
$5.7M
FY2022▲ +50%
Net assets by fiscal year
FY2020$2.8M
FY2021$3.8M
FY2022$5.7M
FY2023$6.1M
FY2024$6.8M
FY2024$7.2M

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

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Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Jun 2014.

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

Where the money goes

93 cents of each dollar spent went to programs.

Program services 93% · $8.8M Management & general 7% · $629K

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

4 people listed on the 990; $122K 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
Director
$122,397Pt VII · Sec A
Board Chair
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
$0Pt VII · Sec A

Deborah Autrey’s $124K as School Director is at the 7th 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 · 3 named individuals · Part VII

NameFY2024FY2024FY2023FY2022FY2021FY2020
Nykole Kent—$136,932$129,826$122,397$115,813$113,960
Deborah Autrey$124,238$104,996————
Shaana Scott$104,307—————

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

Educates K-8th grade students in Lancaster.

Provided by the organization

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1 program service account for $8.8M of program spending, described in the organization's own filed words · FY2021.
01

Ilead lancaster creates open, fun multiage k-8 learning environments that promote deeper understanding and celebrate independent critical thinking, cooperation, and the development of crucial 21ST-CENTURY skills.

$8.8Mprogram expense

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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 · FY2023
Total grants receivedfrom 1 funder$75

By the numbers

The FY2022 990, line by line.

1The main four
Money inPt VIII
$10.7M
Ln 12
Gifts and grantsLn 1h$10.4M
Other incomeLn 4–11$271K
Investment incomeLn 3$2K
Money outPt IX
$9.5M
Ln 25
Programscol B$8.8M
Managementcol C$629K
Owns and owesPt X
$5.7M
net assets · Ln 32
Cash and savingsLn 1–2$5.6M
Total assetsLn 16$8.1M
LiabilitiesLn 26$2.4M
PeoplePt VI, VII
4
listed · VII A
PaidVII A1
Voting boardVI 1a3
IndependentVI 1b3
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$10.4M
Government grantsLn 1e$10.4M
Investment incomeLn 3$2K
Other incomeLn 4–11$271K
Total revenueLn 12$10.7M
Assets in detailPt X, end of year
CashLn 1$5.6M
Cash and savings togetherLn 1–2$5.6M
Land, buildings, equipmentLn 10c$231K
Total assetsLn 16$8.1M
LiabilitiesLn 26$2.4M
Net assetsLn 32$5.7M
OperationsPt I, VI
EmployeesI 5180
VolunteersI 65
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$4.2M$5.6M
Land, buildings, equipmentLn 10c$270K$231K
Total assetsLn 16$7.5M$8.1M
LiabilitiesLn 26$3.0M$2.4M
Net assetsLn 32$4.5M$5.7M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$154K$154K
Other salaries and wagesLn 7$3.9M$3.8M$85K
Pension plan contributionsLn 8$411K$411K
Other employee benefitsLn 9$521K$505K$16K
Payroll taxesLn 10$141K$136K$5K
Legal feesLn 11b$54K$54K
Accounting feesLn 11c$169K$169K
Other fees for servicesLn 11g$1.9M$1.6M$245K
Advertising and promotionLn 12$8K$8K
Office expensesLn 13$8K$8K
Information technologyLn 14$210K$205K$5K
OccupancyLn 16$1.1M$1.1M$24K
TravelLn 17$4K$4K
Conferences, conventions and meetingsLn 19$68K$68K
InterestLn 20$35K$35K
Depreciation, depletion and amortizationLn 22$52K$52K
InsuranceLn 23$55K$55K
Other expenses (24a–d)Ln 24$693K$693K
All other expensesLn 24e$42K$15K$27K
Total functional expensesLn 25$9.5M$8.8M$629K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 $14.8M$14.1M$638K$6.8M 990 PDF
FY2023 $12.1M$11.6M$418K$6.1M 990 PDF
FY2022 Viewing $10.7M$9.5M$1.2M$5.7M 990 PDF
FY2021 $10.5M$9.5M$964K$3.8M 990 PDF
FY2020 $9.6M$7.9M$1.6M$2.8M 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 $10,685,623 across 6 lines filed
VIII-1e Government grants$10,401,969
VIII-1f All other contributions, gifts and grants$10,628
VIII-1h Total contributions, gifts and grants$10,412,597
VIII-3 Investment incomeExcluded from tax $1,673$1,673
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $45,320 · Excluded from tax $226,033$271,353
VIII-12 Total revenueRelated to mission $45,320 · Unrelated business $0 · Excluded from tax $227,706$10,685,623
Part IX · Statement of functional expenses $9,466,560 across 19 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $153,695$153,695
IX-7 Other salaries and wagesPrograms $3,792,994 · Management $84,798$3,877,792
IX-8 Pension plan contributionsPrograms $410,775$410,775
IX-9 Other employee benefitsPrograms $504,884 · Management $15,757$520,641
IX-10 Payroll taxesPrograms $136,086 · Management $5,219$141,305
IX-11b Legal feesManagement $54,009$54,009
IX-11c Accounting feesManagement $168,754$168,754
IX-11g Other fees for servicesPrograms $1,620,843 · Management $245,133$1,865,976
IX-12 Advertising and promotionPrograms $7,895$7,895
IX-13 Office expensesPrograms $8,397$8,397
IX-14 Information technologyPrograms $205,288 · Management $4,543$209,831
IX-16 OccupancyPrograms $1,074,331 · Management $23,777$1,098,108
IX-17 TravelPrograms $4,365$4,365
IX-19 Conferences, conventions and meetingsPrograms $68,442$68,442
IX-20 InterestPrograms $35,003$35,003
IX-22 Depreciation, depletion and amortizationPrograms $52,034$52,034
IX-23 InsurancePrograms $55,010$55,010
IX-24 Other expenses (24a–d)Programs $693,028$693,028
IX-24e All other expensesPrograms $14,846 · Management $26,654$41,500
IX-25 Total functional expensesPrograms $8,837,916 · Management $628,644 · Fundraising $0$9,466,560
Part X · Balance sheet $8,104,102 assets, 11 lines filed
X-1 Cash, non-interest-bearingStart of year $4,240,526$5,644,847
X-4 Accounts receivableStart of year $2,989,253$2,210,584
X-9 Prepaid expenses and deferred charges$18,045
X-10c Land, buildings and equipment, netStart of year $269,680$230,626
X-16 Total assetsStart of year $7,499,459$8,104,102
X-17 Accounts payable and accrued expensesStart of year $936,053$1,525,362
X-19 Deferred revenueStart of year $412,170$867,211
X-26 Total liabilitiesStart of year $3,006,993$2,392,573
X-27 Net assets without donor restrictionsStart of year $4,492,466$5,711,529
X-32 Total net assets or fund balancesStart of year $4,492,466$5,711,529
X-33 Total liabilities and net assetsStart of year $7,499,459$8,104,102
Part XI · Reconciliation of net assets $5,711,529 net assets at year end
XI-1 Total revenue$10,685,623
XI-2 Total expenses$9,466,560
XI-3 Revenue less expenses$1,219,063
XI-4 Net assets at start of year$4,492,466
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$5,711,529

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

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