Lead Virginia EIN 59-3806367

Lead Virginia

EIN  59-3806367 Public charity (501(c)(3)) Richmond, VA
Form 990 (PDF) Compare with another nonprofit →
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Size
$100K–1M
What they do
Connects leaders to shape Virginia's future through educational forums and regional visits.
Leadership
Susan Horne · President & · $190K
Money in and out
$868K revenue, $900K expenses
Bottom line
66% program efficiency

Connects leaders to shape Virginia's future through educational forums and regional visits. For fiscal year 2024 it reported $868K in revenue, $900K in expenses, and $483K in net assets.Pt I

Where the money goes · FY2024
Total revenue
$868K
Pt VIII · Ln 12
Total expenses
$900K
Pt IX · Ln 25
Net assets
$483K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): −$32K
Where spending went · Part IX cols B–D
Program services $0.66 Management & general $0.20 Fundraising $0.14
Program efficiency
66%
of spending reaches programs▲ +5% vs prior filing year
Operating runway
6.3mo
months of highly liquid reserves at operating expense rate▼ -18% vs prior filing year
Surplus margin
-4%
revenue over expenses, this year▼ -148% vs prior filing year

Summary of the Filing

Part I · fiscal year 2024 · Form 990
Revenue
$868K
FY2024▲ +11%
Expenses
$900K
FY2024▲ +13%
Total assets
$588K
FY2024▼ -14%
Total liabilities
$105K
FY2024▼ -47%
Total revenue
$868K
Pt VIII · Ln 12
Total expenses
$900K
Pt IX · Ln 25
Net assets
$483K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19−$32K
Total assetsPt X · Ln 16$588K
Program-expense ratioPt IX · col B66%
Voting members of governing bodyPt I · Ln 339
Independent voting membersPt I · Ln 438
Mission & Programs · Part III

Where the work happens

2 program services account for $595K of program spending, described in the organization's own filed words · FY2024.
01

Statewide leadership program designed to connect leaders to build "social capital", educate participants on issues facing the different regions of virginia, and generate possible solutions to statewide challenges.

$564Kprogram expense
02

Lead virginia encourages alumni engagement following completion of its annual class program by offering events designed to stimulate intellectual inquiry, stay informed on timely topics and continue to build social capital among its alumni network of high performing leaders across the commonwealth.

$31Kprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CLead Virginia
EINHdr · item D59-3806367
Principal addressHdr · item CRichmond, VA
WebsiteHdr · item Jwww.leadva.org
Year of formationHdr · item Lpending
State of legal domicileHdr · item MVA
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFPublic & Societal Benefit (W70)
Ruling yearIRS BMFJun 2006

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a39
Independent voting membersPt VI · Ln 1b38
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
President &
$189,729Pt VII · Sec A
Vice Chair
$0Pt VII · Sec A
$0Pt VII · Sec A
Past Chair
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
Alumni Chair
$0Pt VII · Sec A
Communicatio
$0Pt VII · Sec A

Susan Horne’s $190K as President & is at the 97th percentile of top reported officer pay among 1033 $100K–1M public & societal benefit 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 · 1 named individual · Part VII

NameFY2024FY2023FY2022FY2021FY2020
Susan Horne$189,729$175,614$174,209$154,368$146,555

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
Contributions & grants$475K · 55%
Program service revenue$365K · 42%
Investment income$25K · 3%
Contributions & grants55%$475K
Program service revenue42%$365K
Investment income3%$25K
Other revenue$3K
Total revenueLn 12$868K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.66 Management & general $0.20 Fundraising $0.14
Program services66%$595K
Management & general20%$176K
Fundraising14%$128K
Total functional expensesLn 25$900K

Balance Sheet

Part X · end of year
CashLn 1$221K
Total assetsLn 16$588K
Total liabilitiesLn 26$105K
Total net assetsLn 32$483K
Months of cash on handcomputed2.9

Financial Metrics

Form 990 · FY2024 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $465K · Operating expenses (Pt IX) $900K · Less non-cash grants $18K · Cash operating expenses/yr $882K
6.3 months
Where the money goes
Program services
Program services $595K · Total expenses $900K
66%
Management & General
Management & general $176K · Total expenses $900K
20%
Fundraising
Fundraising $128K · Total expenses $900K
14%
Cost to raise $1
Fundraising expense (3-yr avg) $100K · Solicited contributions (3-yr avg) $390K
$0.26 to raise $1 (3-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $475K · Total revenue $868K
55%
Government reliance
Government grants — · Total revenue $868K
Earned-income share
Program service revenue $365K · Total revenue $868K
42%
Investment reliance
Investment income $25K · Total revenue $868K
+3%
Program self-sufficiency
Program service revenue $365K · Total expenses $900K
41%
Growth & trend
Revenue growth (YoY)
This year $868K · Prior year $784K
+11%
Revenue CAGR
FY2020 $445K · FY2024 $868K
+18%
Net-asset trend (YoY)
End of year $483K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $868K · Expenses $900K
-4%
Liabilities-to-Assets
Total liabilities — · Total assets $588K
Net-asset ratio
Net assets $483K · Total assets $588K
82%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $244K · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $588K
41%
People & payroll
Highest Reported Total Compensation
Individual Susan Horne · Reported title PRESIDENT & · Highest reported compensation $190K · Total expenses $900K
21%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $351K · Total expenses $900K
39%
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 66%
Overhead ratio 20%
Fundraising cost ratio 27%
Revenue growth 11%
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 · FY2024
See all 7 funders →

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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)$868K revenue · viewing · ⤓ 990 PDF
FY2023$784K revenue · ⤓ 990 PDF
FY2022$819K revenue · ⤓ 990 PDF
FY2021$964K revenue · ⤓ 990 PDF
FY2020$445K 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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