Lead Virginia EIN 59-3806367

Lead Virginia FY2020 filing

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Connects leaders to shape Virginia's future through educational forums and regional visits. For fiscal year 2020 it reported $445K in revenue, $595K in expenses, and $397K in net assets.Pt I

Type
Public charity (501(c)(3)) · Public & Societal Benefit
Location
Richmond, VA
Website
www.leadva.org
Filings
5 on file (2020–2020)
Revenue
$445KFY2020
Expenses
$595K
Net assets
$397K
People
7
Filings
5
Updates
0
More identity details & actions ⌄
EIN  59-3806367 Public charity (501(c)(3)) Richmond, VA
Form 990 (PDF)
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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 & · $147K
Money in and out
$445K revenue, $595K expenses
Bottom line
63% program efficiency
Where the money goes · FY2020
Total revenue
$445K
Pt VIII · Ln 12
Total expenses
$595K
Pt IX · Ln 25
Net assets
$397K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): −$150K
Where spending went · Part IX cols B–D
Program services $0.63 Management & general $0.28 Fundraising $0.09
Program efficiency
63%
of spending reaches programs
Operating runway
11.4mo
months of highly liquid reserves at operating expense rate
Surplus margin
-34%
revenue over expenses, this year

Summary of the Filing

Part I · fiscal year 2020 · Form 990
Revenue
$445K
FY2020
Expenses
$595K
FY2020
Total assets
$807K
FY2020
Total liabilities
$410K
FY2020
Total revenue
$445K
Pt VIII · Ln 12
Total expenses
$595K
Pt IX · Ln 25
Net assets
$397K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19−$150K
Total assetsPt X · Ln 16$807K
Program-expense ratioPt IX · col B63%
Voting members of governing bodyPt I · Ln 341
Independent voting membersPt I · Ln 440
Mission & Programs · Part III

Where the work happens

2 program services account for $373K of program spending, described in the organization's own filed words · FY2020.
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.

$372Kprogram 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.

$202program 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 1a41
Independent voting membersPt VI · Ln 1b40
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13No
Document retention policyPt VI · Ln 14No
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 &
$146,555Pt VII · Sec A
$0Pt VII · Sec A
Vice Chair
$0Pt VII · Sec A
Past Chair
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
See Attached
Director
$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$333K · 75%
Program service revenue$92K · 21%
Investment income$13K · 3%
Other revenue$7K · 2%
Contributions & grants75%$333K
Program service revenue21%$92K
Investment income3%$13K
Other revenue2%$7K
— government grantsLn 1e$58K
Total revenueLn 12$445K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.63 Management & general $0.28 Fundraising $0.09
Program services63%$373K
Management & general28%$168K
Fundraising9%$54K
Total functional expensesLn 25$595K

Balance Sheet

Part X · end of year
CashLn 1$386K
Total assetsLn 16$807K
Total liabilitiesLn 26$410K
Total net assetsLn 32$397K
Months of cash on handcomputed7.8

Financial Metrics

Form 990 · FY2020 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $565K · Operating expenses (Pt IX) $595K · Less non-cash grants $3K · Cash operating expenses/yr $592K
11.4 months
Where the money goes
Program services
Program services $373K · Total expenses $595K
63%
Management & General
Management & general $168K · Total expenses $595K
28%
Fundraising
Fundraising $54K · Total expenses $595K
9%
Cost to raise $1
Fundraising expense $54K · Solicited contributions $275K
$0.20 to raise $1
Where the money comes from
Contribution dependence
Contributions & grants $333K · Total revenue $445K
75%
Government reliance
Government grants $58K · Total revenue $445K
13%
Earned-income share
Program service revenue $92K · Total revenue $445K
21%
Investment reliance
Investment income $13K · Total revenue $445K
+3%
Program self-sufficiency
Program service revenue $92K · Total expenses $595K
16%
Growth & trend
Revenue growth (YoY)
This year $445K · Prior year —
No prior year on file
Net-asset trend (YoY)
End of year $397K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $445K · Expenses $595K
-34%
Liabilities-to-Assets
Total liabilities — · Total assets $807K
Net-asset ratio
Net assets $397K · Total assets $807K
49%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $178K · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $807K
22%
People & payroll
Highest Reported Total Compensation
Individual Susan Horne · Reported title PRESIDENT & · Highest reported compensation $147K · Total expenses $595K
25%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $297K · Total expenses $595K
50%
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 63%
Overhead ratio 28%
Fundraising cost ratio 16%
Accounting fee ratio 2%

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

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2020IRS
Classification, formation year, addressIRS Business Master File
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