Is it real?
Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Dec 2013.
IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File
Where the money goes
71 cents of each dollar spent went to programs.
Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.
Something off? Claim to add context
Who runs it and what they're paid
10 people listed on the 990; $188K paid to officers and key staff (Part VII, Section A).
Henry F Lay’s $60K as Chairman is at the 10th percentile of top reported officer pay among 3395 $1–10M 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.
See Lead Academy Classical School 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 15aNo
- Loans to or from officersSch L · Pt II1 listed
Programs and updates
Educates K-12 students using a Christian classical curriculum.
Questions for Lead Academy Classical School
Your first name shows with your question. Lead Academy Classical School answers here, for everyone.
The specific purpose for which this corporation is to serve as a private christian classical school using a classical curriculum model for the purpose of instructing and educating students in grades k-12.
Form 990 Part III, line 4, FY2020. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 46-3044025) · Dispute this lineFunders
Who pays for it.
From grant filings on record. Receipts are incomplete: individual donors are never listed.
Grants
By the numbers
The FY2021 990, line by line.
Download 990
| Line | Start FY21 | End FY21 |
|---|---|---|
| Cash and savingsLn 1–2 | $237K | $334K |
| Land, buildings, equipmentLn 10c | $4.8M | $6.1M |
| Total assetsLn 16 | $5.0M | $6.4M |
| LiabilitiesLn 26 | $2.6M | $3.3M |
| Net assetsLn 32 | $2.4M | $3.2M |
| Line | Total | Programs | Management | Fundraising |
|---|---|---|---|---|
| Other salaries and wagesLn 7 | $1.6M | $1.2M | $400K | |
| Payroll taxesLn 10 | $127K | $95K | $32K | |
| Accounting feesLn 11c | $11K | $11K | ||
| Advertising and promotionLn 12 | $12K | $12K | ||
| Office expensesLn 13 | $159K | $124K | $35K | |
| Information technologyLn 14 | $8K | $8K | ||
| OccupancyLn 16 | $234K | $85K | $149K | |
| TravelLn 17 | $43K | $43K | ||
| Conferences, conventions and meetingsLn 19 | $492 | $369 | $123 | |
| InterestLn 20 | $425 | $425 | ||
| Depreciation, depletion and amortizationLn 22 | $145K | $116K | $29K | |
| InsuranceLn 23 | $65K | $49K | $16K | |
| Other expenses (24a–d)Ln 24 | $406K | $336K | $71K | |
| All other expensesLn 24e | $56K | $4K | $53K | |
| Total functional expensesLn 25 | $2.9M | $2.0M | $838K | $0 |
Filing history
| Year | Money in | Money out | In minus out | Net assets | Download |
|---|---|---|---|---|---|
| FY2025 LatestFiled with the IRS Nov 21, 2025 | $3.9M | $3.6M | $256K | $3.3M | 990 PDF |
| FY2024Filed with the IRS Feb 12, 2025 | $4.0M | $4.1M | −$17K | $3.0M | 990 PDF |
| FY2023Filed with the IRS Jan 29, 2024 | $4.5M | $4.6M | −$144K | $3.1M | 990 PDF |
| FY2022 | Not on file | ||||
| FY2021 ViewingFiled with the IRS Jan 7, 2022 | $3.6M | $2.9M | $760K | $3.2M | 990 PDF |
Schedules filed Part IV
See the full FY2021 990
Part I · Summary $3,627,606 revenue, 12 lines filed
Part VI · Governance 6 of 10 board members independent, 4 to look at
Part VIII · Statement of revenue $3,627,606 across 8 lines filed
Part IX · Statement of functional expenses $2,867,849 across 14 lines filed
Part X · Balance sheet $6,449,640 assets, 13 lines filed
Part XI · Reconciliation of net assets $3,155,189 net assets at year end
Form 990 e-file (XML) FY2021 from the IRS · Classification, formation year and address from the IRS Business Master File
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