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Lead Virginia

Tax-deductible

Richmond, VA501(c)(3)Public & Societal Benefit EIN 59-3806367Revenue $868K in FY2024

On file with the IRSleadva.org6800 Paragon Pl Ste 450, 23230-1656 · Richmond, VATax-exempt since Jun 2006Publicly supported charity — 170(b)(1)(A)(vi)

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Lead Virginia connects leaders to shape the commonwealth's future through an annual program of educational forums and regional session visits to seven diverse regions of Virginia. Framed around social capital theory and curriculum themes of economy, education and health, Lead virginia's annual program attracts high performing leaders, challenges pre-conceived notions and provides participants with a 360-degree perspective of virginia's regions and their mutual interdependence. Graduates of the program are informed on issues important to virginia's future and prepared to serve at local, regional and statewide capacities with their statewide perspective.

501(c)(3) charity; gifts are tax-deductible.
66¢ of each $1 spent went to programs.
Run by 80 volunteers and 3 employees.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · People: Part I, lines 5–6

Before you give

FY2024 · 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
2 of 5
filings with a surplus
Average deficit $10K a year · 1% of revenue · last 5 filings
Concern: a surplus in 2 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
66%
of spending
Fine: 66% of spending went to programs; 65% to 75%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$190K
to officers and key staff · 21% of spending
Top officer’s pay higher than 97% of similar orgs
Worth a look: pay to officers and key staff is 21% of spending; over 20%.
Pt VII · Sec A
Cash reserves
3 mo
of spending, in cash
Plus $244K in investments, Pt X · Ln 11–13
Fine: 2.9 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
7
named funders · $117K
Looks good: 7 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$105K
18% of total assets
Looks good: liabilities are 18% of assets; 50% or less.
Pt X · Ln 26
Independent board members
38
of 39 voting members
Looks good: 38 of 39 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$868K
+11% vs prior year
Spent
$900K
To programs
66%
Net assets
$483K
By yearFY2020–FY2024
Revenue
$868K
FY2024▲ +11%
Tap a bar for its year
Revenue by fiscal year
FY2020$445K
FY2021$964K
FY2022$819K
FY2023$784K
FY2024$868K
Expenses
$900K
FY2024▲ +13%
Tap a bar for its year
Expenses by fiscal year
FY2020$595K
FY2021$839K
FY2022$804K
FY2023$795K
FY2024$900K
Net assets
$483K
FY2024-0.3%
Tap a bar for its year
Net assets by fiscal year
FY2020$397K
FY2021$520K
FY2022$483K
FY2023$485K
FY2024$483K

From the FY2024 Form 990 · 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 2006.

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

Where the money goes

66 cents of each dollar spent went to programs.

Program services 66% · $595K Management & general 20% · $176K Fundraising 14% · $128K

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

39 people listed on the 990; $190K paid to officers and key staff.

Part VII, Section A · reportable compensation
Susan Horne
President &
$189,729Pt VII · Sec A
Laurie Head
Vice Chair
$0Pt VII · Sec A
$0Pt VII · Sec A
Rhodes Ritenour
Past Chair
$0Pt VII · Sec A
Jeff Schragg
Treasurer
$0Pt VII · Sec A
Diane Miller
Secretary
$0Pt VII · Sec A
Gina Slaunwhite
Alumni Chair
$0Pt VII · Sec A
Mike Porter
Communicatio
$0Pt VII · Sec A

Susan Horne’s $190K as President & is at the 97th percentile of top reported officer pay among 1043 $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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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

Connects leaders to shape Virginia's future through educational forums and regional visits.

Questions for Lead Virginia

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Provided by the organization

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2 programs · $595K · in their 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

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 · FY2024
Charities Aid Foundation AmericaFY2024$25K
Nisource Charitable FoundationFY2024$24K
Southern Company Gas Charitable Foundation INCFY2024$20K
American Online Giving Foundation INCFY2024$16K
Dominion Energy Charitable FoundationFY2024$15K
Sentara HealthcareFY2024$15K
Williams Mullen FoundationFY2024$2K
Total grants receivedfrom 7 funders$117K
See all 7 funders →

By the numbers

The FY2024 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$868K
Ln 12
Gifts and grantsLn 1h$475K
Fees for servicesLn 2g$365K
Investment incomeLn 3$25K
Money outPt IX
$900K
Ln 25
Programscol B$595K
Managementcol C$176K
Fundraisingcol D$128K
Owns and owesPt X
$483K
net assets · Ln 32
Cash and savingsLn 1–2$221K
Total assetsLn 16$588K
LiabilitiesLn 26$105K
PeoplePt VI, VII
39
listed · VII A
PaidVII A1
Voting boardVI 1a39
IndependentVI 1b38
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$475K
Noncash giftsLn 1g$18K
Fees for servicesLn 2g$365K
Investment incomeLn 3$25K
Other incomeLn 4–11$3K
Gains on assetsLn 7$19K
Total revenueLn 12$868K
Assets in detailPt X, end of year
CashLn 1$92K
SavingsLn 2$129K
Cash and savings togetherLn 1–2$221K
InvestmentsLn 11–13$244K
Land, buildings, equipmentLn 10c$3K
Other assetsLn 15$90K
Total assetsLn 16$588K
LiabilitiesLn 26$105K
Net assetsLn 32$483K
OperationsPt I, VI
EmployeesI 53
VolunteersI 680
Fiscal year endsHeaderDecember
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 FY24End FY24
Cash and savingsLn 1–2$293K$221K
InvestmentsLn 11–13$212K$244K
Land, buildings, equipmentLn 10c$3K$3K
Total assetsLn 16$681K$588K
LiabilitiesLn 26$196K$105K
Net assetsLn 32$485K$483K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$198K$119K$20K$59K
Other salaries and wagesLn 7$127K$70K$41K$16K
Pension plan contributionsLn 8$5K$3K$2K$498
Payroll taxesLn 10$22K$13K$4K$5K
Accounting feesLn 11c$28K$28K
Advertising and promotionLn 12$121K$67K$7K$47K
Office expensesLn 13$29K$15K$14K
OccupancyLn 16$51K$25K$25K
TravelLn 17$42K$42K
Conferences, conventions and meetingsLn 19$36K$35K$377
InterestLn 20$70$70
Depreciation, depletion and amortizationLn 22$629$315$314
InsuranceLn 23$5K$5K
Other expenses (24a–d)Ln 24$224K$207K$17K
All other expensesLn 24e$12K$150$12K
Total functional expensesLn 25$900K$595K$176K$128K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest Viewing $868K$900K−$32K$483K 990 PDF
FY2023 $784K$795K−$12K$485K 990 PDF
FY2022 $819K$804K$15K$483K 990 PDF
FY2021 $964K$839K$126K$520K 990 PDF
FY2020 $445K$595K−$150K$397K 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support J · Pay O · Explanations
See the full FY2024 990 (6 parts)
Part I · Summary $867,993 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $369,800$475,277
I-9 Program service revenuePrior year $395,482$364,947
I-10 Investment incomePrior year $15,906$25,218
I-11 Other revenuePrior year $2,518$2,551
I-12 Total revenuePrior year $783,706$867,993
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $311,585$351,487
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $483,669$548,174
I-18 Total expensesPrior year $795,254$899,661
I-19 Revenue less expensesPrior year −$11,548−$31,668
Part VI · Governance 38 of 39 board members independent, no flags
VI-1a Voting members of the governing body39
VI-1b Independent voting members38
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $867,993 across 8 lines filed
VIII-1f All other contributions, gifts and grants$475,277
VIII-1g Noncash contributions (included above)$17,605
VIII-1h Total contributions, gifts and grants$475,277
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $364,947$364,947
VIII-3 Investment incomeExcluded from tax $6,247$6,247
VIII-7 Net gain or loss on sales of assetsExcluded from tax $18,971$18,971
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Excluded from tax $2,551$2,551
VIII-12 Total revenueRelated to mission $364,947 · Excluded from tax $27,769$867,993
Part IX · Statement of functional expenses $899,661 across 15 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $118,787 · Management $19,798 · Fundraising $59,394$197,979
IX-7 Other salaries and wagesPrograms $69,713 · Management $41,156 · Fundraising $15,868$126,737
IX-8 Pension plan contributionsPrograms $2,585 · Management $1,718 · Fundraising $498$4,801
IX-10 Payroll taxesPrograms $12,683 · Management $4,282 · Fundraising $5,005$21,970
IX-11c Accounting feesManagement $27,640$27,640
IX-12 Advertising and promotionPrograms $66,868 · Management $7,430 · Fundraising $47,155$121,453
IX-13 Office expensesPrograms $14,767 · Management $14,113$28,880
IX-16 OccupancyPrograms $25,255 · Management $25,254$50,509
IX-17 TravelPrograms $42,024$42,024
IX-19 Conferences, conventions and meetingsPrograms $35,285 · Management $377$35,662
IX-20 InterestManagement $70$70
IX-22 Depreciation, depletion and amortizationPrograms $315 · Management $314$629
IX-23 InsuranceManagement $4,776$4,776
IX-24 Other expenses (24a–d)Programs $206,973 · Management $17,456$224,429
IX-24e All other expensesPrograms $150 · Management $11,952$12,102
IX-25 Total functional expensesPrograms $595,405 · Management $176,336 · Fundraising $127,920$899,661
Part X · Balance sheet $587,926 assets, 17 lines filed
X-1 Cash, non-interest-bearingStart of year $169,221$91,912
X-2 Savings and temporary cash investmentsStart of year $124,068$128,944
X-3 Pledges and grants receivableStart of year $11,000$6,500
X-4 Accounts receivableStart of year $1,500$18,810
X-9 Prepaid expenses and deferred chargesStart of year $6,827$5,400
X-10c Land, buildings and equipment, netStart of year $3,131$2,502
X-11 Publicly traded securitiesStart of year $212,311$243,687
X-15 Other assetsStart of year $152,819$90,171
X-16 Total assetsStart of year $680,877$587,926
X-17 Accounts payable and accrued expensesStart of year $78,020$41,133
X-19 Deferred revenue$8,560
X-25 Other liabilitiesStart of year $118,151$54,907
X-26 Total liabilitiesStart of year $196,171$104,600
X-27 Net assets without donor restrictionsStart of year $230,770$170,514
X-28 Net assets with donor restrictionsStart of year $253,936$312,812
X-32 Total net assets or fund balancesStart of year $484,706$483,326
X-33 Total liabilities and net assetsStart of year $680,877$587,926
Part XI · Reconciliation of net assets $483,326 net assets at year end
XI-1 Total revenue$867,993
XI-2 Total expenses$899,661
XI-3 Revenue less expenses−$31,668
XI-4 Net assets at start of year$484,706
XI-5 Net unrealized gains (losses) on investments$7,375
XI-8 Prior period adjustments$22,913
XI-10 Net assets at end of year$483,326

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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