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Lead Virginia FY2020 filing

Tax-deductible

Richmond, VA501(c)(3)Public & Societal Benefit EIN 59-3806367Revenue $445K in FY2020

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.
63¢ of each $1 spent went to programs.
$147K 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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FY2020 · 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
63%
of spending
Worth a look: 63% of spending went to programs; under 65%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$147K
to officers and key staff · 25% of spending
Worth a look: pay to officers and key staff is 25% of spending; over 20%.
Pt VII · Sec A
Cash reserves
8 mo
of spending, in cash
Looks good: 7.8 months of spending in cash; 3 or more.
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
$410K
51% of total assets
Fine: liabilities are 51% of assets; 50% to 65%.
Pt X · Ln 26
Independent board members
40
of 41 voting members
Looks good: 40 of 41 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$445K
Spent
$595K
To programs
63%
Net assets
$397K
By yearFY2020–FY2024
Revenue
$445K
FY2020
Tap a bar for its year
Revenue by fiscal year
FY2020$445K
FY2021$964K
FY2022$819K
FY2023$784K
FY2024$868K
Expenses
$595K
FY2020
Tap a bar for its year
Expenses by fiscal year
FY2020$595K
FY2021$839K
FY2022$804K
FY2023$795K
FY2024$900K
Net assets
$397K
FY2020
Tap a bar for its year
Net assets by fiscal year
FY2020$397K
FY2021$520K
FY2022$483K
FY2023$485K
FY2024$483K

From the FY2020 Form 990 · figures checked against the IRS filing · see the original

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You’re viewing the FY2020 filing — not the latest on file. See the latest (FY2024) →

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

63 cents of each dollar spent went to programs.

Program services 63% · $373K Management & general 28% · $168K Fundraising 9% · $54K

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

7 people listed on the 990; $147K paid to officers and key staff.

Part VII, Section A · reportable compensation
Susan Horne
President &
$146,555Pt VII · Sec A
$0Pt VII · Sec A
Anna Van Buren
Vice Chair
$0Pt VII · Sec A
Deb Gandy
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 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.

See Lead Virginia executive salaries →

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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 · $373K · in their 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

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 FY2020 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$445K
Ln 12
Gifts and grantsLn 1h$333K
Fees for servicesLn 2g$92K
Investment incomeLn 3$13K
Money outPt IX
$595K
Ln 25
Programscol B$373K
Managementcol C$168K
Fundraisingcol D$54K
Owns and owesPt X
$397K
net assets · Ln 32
Cash and savingsLn 1–2$386K
Total assetsLn 16$807K
LiabilitiesLn 26$410K
PeoplePt VI, VII
7
listed · VII A
PaidVII A1
Voting boardVI 1a41
IndependentVI 1b40
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$333K
Government grantsLn 1e$58K
Noncash giftsLn 1g$3K
Fees for servicesLn 2g$92K
Investment incomeLn 3$13K
Other incomeLn 4–11$7K
Gains on assetsLn 7−$999
Total revenueLn 12$445K
Assets in detailPt X, end of year
CashLn 1$287K
SavingsLn 2$99K
Cash and savings togetherLn 1–2$386K
InvestmentsLn 11–13$178K
Land, buildings, equipmentLn 10c$17K
Other assetsLn 15$3K
Total assetsLn 16$807K
LiabilitiesLn 26$410K
Net assetsLn 32$397K
OperationsPt I, VI
EmployeesI 53
VolunteersI 680
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY20End FY20
Cash and savingsLn 1–2$242K$386K
InvestmentsLn 11–13$161K$178K
Land, buildings, equipmentLn 10c$24K$17K
Total assetsLn 16$717K$807K
LiabilitiesLn 26$162K$410K
Net assetsLn 32$555K$397K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$154K$94K$45K$15K
Other salaries and wagesLn 7$119K$83K$32K$4K
Pension plan contributionsLn 8$4K$3K$983$68
Payroll taxesLn 10$21K$13K$6K$1K
Accounting feesLn 11c$11K$11K
Other fees for servicesLn 11g$9K$9K
Advertising and promotionLn 12$61K$22K$7K$32K
Office expensesLn 13$20K$7K$13K
OccupancyLn 16$50K$25K$25K
TravelLn 17$29K$29K
Conferences, conventions and meetingsLn 19$6K$4K$1K
InterestLn 20$715$715
Depreciation, depletion and amortizationLn 22$7K$4K$4K
InsuranceLn 23$6K$6K
Other expenses (24a–d)Ln 24$96K$90K$6K
All other expensesLn 24e$3K$55$3K
Total functional expensesLn 25$595K$373K$168K$54K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $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 Viewing $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 O · Explanations
See the full FY2020 990 (6 parts)
Part I · Summary $445,080 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $539,632$332,932
I-9 Program service revenuePrior year $387,154$92,408
I-10 Investment incomePrior year $10,754$12,540
I-11 Other revenuePrior year $19,600$7,200
I-12 Total revenuePrior year $957,140$445,080
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $376,901$297,210
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $484,931$297,629
I-18 Total expensesPrior year $861,832$594,839
I-19 Revenue less expensesPrior year $95,308−$149,759
Part VI · Governance 40 of 41 board members independent, 2 to look at
VI-1a Voting members of the governing body41
VI-1b Independent voting members40
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $445,080 across 9 lines filed
VIII-1e Government grants$57,774
VIII-1f All other contributions, gifts and grants$275,158
VIII-1g Noncash contributions (included above)$2,772
VIII-1h Total contributions, gifts and grants$332,932
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $92,408$92,408
VIII-3 Investment incomeExcluded from tax $13,539$13,539
VIII-7 Net gain or loss on sales of assetsExcluded from tax −$999−$999
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Unrelated business $400 · Excluded from tax $6,800$7,200
VIII-12 Total revenueRelated to mission $92,408 · Unrelated business $400 · Excluded from tax $19,340$445,080
Part IX · Statement of functional expenses $594,839 across 16 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $93,737 · Management $44,564 · Fundraising $15,367$153,668
IX-7 Other salaries and wagesPrograms $82,536 · Management $32,305 · Fundraising $4,466$119,307
IX-8 Pension plan contributionsPrograms $2,662 · Management $983 · Fundraising $68$3,713
IX-10 Payroll taxesPrograms $13,272 · Management $5,774 · Fundraising $1,476$20,522
IX-11c Accounting feesManagement $11,100$11,100
IX-11g Other fees for servicesManagement $8,513$8,513
IX-12 Advertising and promotionPrograms $21,740 · Management $7,247 · Fundraising $32,336$61,323
IX-13 Office expensesPrograms $6,584 · Management $12,930$19,514
IX-16 OccupancyPrograms $25,057 · Management $25,057$50,114
IX-17 TravelPrograms $29,482$29,482
IX-19 Conferences, conventions and meetingsPrograms $4,348 · Management $1,204$5,552
IX-20 InterestManagement $715$715
IX-22 Depreciation, depletion and amortizationPrograms $3,581 · Management $3,580$7,161
IX-23 InsuranceManagement $5,703$5,703
IX-24 Other expenses (24a–d)Programs $89,616 · Management $6,078$95,694
IX-24e All other expensesPrograms $55 · Management $2,703$2,758
IX-25 Total functional expensesPrograms $372,670 · Management $168,456 · Fundraising $53,713$594,839
Part X · Balance sheet $807,379 assets, 17 lines filed
X-1 Cash, non-interest-bearingStart of year $60,723$287,326
X-2 Savings and temporary cash investmentsStart of year $180,858$98,798
X-3 Pledges and grants receivableStart of year $274,599$189,999
X-4 Accounts receivableStart of year $10,050$31,199
X-9 Prepaid expenses and deferred chargesStart of year $2,343$1,625
X-10c Land, buildings and equipment, netStart of year $23,705$16,731
X-11 Publicly traded securitiesStart of year $161,184$178,401
X-15 Other assetsStart of year $3,300$3,300
X-16 Total assetsStart of year $716,762$807,379
X-17 Accounts payable and accrued expensesStart of year $134,236$34,748
X-19 Deferred revenueStart of year $15,325$365,650
X-25 Other liabilitiesStart of year $12,195$9,926
X-26 Total liabilitiesStart of year $161,756$410,324
X-27 Net assets without donor restrictionsStart of year $118,875−$43,845
X-28 Net assets with donor restrictionsStart of year $436,131$440,900
X-32 Total net assets or fund balancesStart of year $555,006$397,055
X-33 Total liabilities and net assetsStart of year $716,762$807,379
Part XI · Reconciliation of net assets $397,055 net assets at year end
XI-1 Total revenue$445,080
XI-2 Total expenses$594,839
XI-3 Revenue less expenses−$149,759
XI-4 Net assets at start of year$555,006
XI-5 Net unrealized gains (losses) on investments$4,083
XI-9 Other changes in net assets−$12,275
XI-10 Net assets at end of year$397,055

Form 990 e-file (XML) FY2020 from the IRS · Classification, formation year and address from the IRS Business Master File

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