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Lead Virginia FY2021 filing

Tax-deductible

Richmond, VA501(c)(3)Public & Societal Benefit EIN 59-3806367Revenue $964K in FY2021

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.
75¢ of each $1 spent went to programs.
$154K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

Before you give

FY2021 · 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
75%
of spending
Fine: 75% of spending went to programs; 65% to 75%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$154K
to officers and key staff · 18% of spending
Fine: pay to officers and key staff is 18% of spending; 15% to 20%.
Pt VII · Sec A
Cash reserves
5 mo
of spending, in cash
Looks good: 5.2 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
$146K
22% of total assets
Looks good: liabilities are 22% of assets; 50% or less.
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
$964K
+117% vs prior year
Spent
$839K
To programs
75%
Net assets
$520K
By yearFY2020–FY2024
Revenue
$964K
FY2021▲ +117%
Tap a bar for its year
Revenue by fiscal year
FY2020$445K
FY2021$964K
FY2022$819K
FY2023$784K
FY2024$868K
Expenses
$839K
FY2021▲ +41%
Tap a bar for its year
Expenses by fiscal year
FY2020$595K
FY2021$839K
FY2022$804K
FY2023$795K
FY2024$900K
Net assets
$520K
FY2021▲ +31%
Tap a bar for its year
Net assets by fiscal year
FY2020$397K
FY2021$520K
FY2022$483K
FY2023$485K
FY2024$483K

From the FY2021 Form 990 · figures checked against the IRS filing · see the original

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You’re viewing the FY2021 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

75 cents of each dollar spent went to programs.

Program services 75% · $628K Management & general 19% · $161K Fundraising 6% · $49K

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

41 people listed on the 990; $154K paid to officers and key staff.

Part VII, Section A · reportable compensation
Susan Horne
President &
$154,368Pt VII · Sec A
$0Pt VII · Sec A
Nick Langridge
Vice Chair
$0Pt VII · Sec A
Rick Pevarski
Past Chair
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Joe Hines
Admissions C
$0Pt VII · Sec A
Jeff Schragg
Alumni Chair
$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 · $628K · in their own filed words · FY2021
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.

$627Kprogram 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.

$1Kprogram 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 FY2021 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$964K
Ln 12
Fees for servicesLn 2g$567K
Gifts and grantsLn 1h$370K
Investment incomeLn 3$18K
Money outPt IX
$839K
Ln 25
Programscol B$628K
Managementcol C$161K
Fundraisingcol D$49K
Owns and owesPt X
$520K
net assets · Ln 32
Cash and savingsLn 1–2$365K
Total assetsLn 16$666K
LiabilitiesLn 26$146K
PeoplePt VI, VII
41
listed · VII A
PaidVII A1
Voting boardVI 1a41
IndependentVI 1b40
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$370K
Government grantsLn 1e$45K
Fees for servicesLn 2g$567K
Investment incomeLn 3$18K
Other incomeLn 4–11$9K
Total revenueLn 12$964K
Assets in detailPt X, end of year
CashLn 1$261K
SavingsLn 2$104K
Cash and savings togetherLn 1–2$365K
InvestmentsLn 11–13$214K
Land, buildings, equipmentLn 10c$12K
Other assetsLn 15$3K
Total assetsLn 16$666K
LiabilitiesLn 26$146K
Net assetsLn 32$520K
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 FY21End FY21
Cash and savingsLn 1–2$386K$365K
InvestmentsLn 11–13$178K$214K
Land, buildings, equipmentLn 10c$17K$12K
Total assetsLn 16$807K$666K
LiabilitiesLn 26$410K$146K
Net assetsLn 32$397K$520K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$161K$99K$47K$16K
Other salaries and wagesLn 7$71K$46K$24K$999
Pension plan contributionsLn 8$4K$3K$1K$97
Payroll taxesLn 10$17K$11K$5K$1K
Accounting feesLn 11c$13K$13K
Other fees for servicesLn 11g$9K$9K
Advertising and promotionLn 12$51K$15K$5K$31K
Office expensesLn 13$29K$15K$14K
OccupancyLn 16$45K$22K$22K
TravelLn 17$46K$46K
Conferences, conventions and meetingsLn 19$23K$23K$24
InterestLn 20$565$565
Depreciation, depletion and amortizationLn 22$5K$2K$2K
InsuranceLn 23$6K$6K
Other expenses (24a–d)Ln 24$350K$342K$8K
All other expensesLn 24e$9K$6K$3K
Total functional expensesLn 25$839K$628K$161K$49K

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 Viewing $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 FY2021 990 (6 parts)
Part I · Summary $964,237 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $332,932$369,862
I-9 Program service revenuePrior year $92,408$567,228
I-10 Investment incomePrior year $12,540$17,963
I-11 Other revenuePrior year $7,200$9,184
I-12 Total revenuePrior year $445,080$964,237
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $297,210$253,640
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $297,629$585,022
I-18 Total expensesPrior year $594,839$838,662
I-19 Revenue less expensesPrior year −$149,759$125,575
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 $964,237 across 7 lines filed
Lines not itemized here account for $185 of total revenue; see the IRS return.
VIII-1e Government grants$45,042
VIII-1f All other contributions, gifts and grants$324,820
VIII-1h Total contributions, gifts and grants$369,862
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $567,228$567,228
VIII-3 Investment incomeExcluded from tax $17,963$17,963
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Excluded from tax $8,999$8,999
VIII-12 Total revenueRelated to mission $567,228 · Excluded from tax $27,147$964,237
Part IX · Statement of functional expenses $838,662 across 16 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $98,503 · Management $46,829 · Fundraising $16,148$161,480
IX-7 Other salaries and wagesPrograms $45,678 · Management $24,240 · Fundraising $999$70,917
IX-8 Pension plan contributionsPrograms $2,551 · Management $1,339 · Fundraising $97$3,987
IX-10 Payroll taxesPrograms $10,712 · Management $5,287 · Fundraising $1,257$17,256
IX-11c Accounting feesManagement $13,386$13,386
IX-11g Other fees for servicesManagement $9,414$9,414
IX-12 Advertising and promotionPrograms $14,877 · Management $4,959 · Fundraising $30,808$50,644
IX-13 Office expensesPrograms $14,523 · Management $14,115$28,638
IX-16 OccupancyPrograms $22,314 · Management $22,314$44,628
IX-17 TravelPrograms $45,583$45,583
IX-19 Conferences, conventions and meetingsPrograms $23,241 · Management $24$23,265
IX-20 InterestManagement $565$565
IX-22 Depreciation, depletion and amortizationPrograms $2,352 · Management $2,352$4,704
IX-23 InsuranceManagement $5,626$5,626
IX-24 Other expenses (24a–d)Programs $342,044 · Management $7,599$349,643
IX-24e All other expensesPrograms $5,875 · Management $3,051$8,926
IX-25 Total functional expensesPrograms $628,253 · Management $161,100 · Fundraising $49,309$838,662
Part X · Balance sheet $666,110 assets, 17 lines filed
X-1 Cash, non-interest-bearingStart of year $287,326$261,384
X-2 Savings and temporary cash investmentsStart of year $98,798$103,757
X-3 Pledges and grants receivableStart of year $189,999$54,550
X-4 Accounts receivableStart of year $31,199$15,950
X-9 Prepaid expenses and deferred chargesStart of year $1,625$1,625
X-10c Land, buildings and equipment, netStart of year $16,731$12,026
X-11 Publicly traded securitiesStart of year $178,401$213,518
X-15 Other assetsStart of year $3,300$3,300
X-16 Total assetsStart of year $807,379$666,110
X-17 Accounts payable and accrued expensesStart of year $34,748$113,711
X-19 Deferred revenueStart of year $365,650$25,158
X-25 Other liabilitiesStart of year $9,926$7,507
X-26 Total liabilitiesStart of year $410,324$146,376
X-27 Net assets without donor restrictionsStart of year −$43,845$185,511
X-28 Net assets with donor restrictionsStart of year $440,900$334,223
X-32 Total net assets or fund balancesStart of year $397,055$519,734
X-33 Total liabilities and net assetsStart of year $807,379$666,110
Part XI · Reconciliation of net assets $519,734 net assets at year end
XI-1 Total revenue$964,237
XI-2 Total expenses$838,662
XI-3 Revenue less expenses$125,575
XI-4 Net assets at start of year$397,055
XI-5 Net unrealized gains (losses) on investments$16,479
XI-9 Other changes in net assets−$19,375
XI-10 Net assets at end of year$519,734

Form 990 e-file (XML) FY2021 from the IRS · Classification, formation year and address from the IRS Business Master File

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