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Lead Virginia FY2023 filing

Tax-deductible

Richmond, VA501(c)(3)Public & Societal Benefit EIN 59-3806367Revenue $784K in FY2023

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.
$176K 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

FY2023 · 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
$176K
to officers and key staff · 22% of spending
Worth a look: pay to officers and key staff is 22% of spending; over 20%.
Pt VII · Sec A
Cash reserves
4 mo
of spending, in cash
Looks good: 4.4 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
$196K
29% of total assets
Looks good: liabilities are 29% 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
$784K
-4% vs prior year
Spent
$795K
To programs
63%
Net assets
$485K
By yearFY2020–FY2024
Revenue
$784K
FY2023▼ -4%
Tap a bar for its year
Revenue by fiscal year
FY2020$445K
FY2021$964K
FY2022$819K
FY2023$784K
FY2024$868K
Expenses
$795K
FY2023▼ -1%
Tap a bar for its year
Expenses by fiscal year
FY2020$595K
FY2021$839K
FY2022$804K
FY2023$795K
FY2024$900K
Net assets
$485K
FY2023+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 FY2023 Form 990 · figures checked against the IRS filing · see the original

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You’re viewing the FY2023 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% · $503K Management & general 22% · $177K Fundraising 14% · $115K

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; $176K paid to officers and key staff.

Part VII, Section A · reportable compensation
Susan Horne
President &
$175,614Pt VII · Sec A
$0Pt VII · Sec A
Joe Hines
Vice Chair
$0Pt VII · Sec A
Nick Langridge
Past Chair
$0Pt VII · Sec A
Jeff Schragg
Treasurer
$0Pt VII · Sec A
Diane Miller
Secretary
$0Pt VII · Sec A
Buffy Barefoot
Admissions C
$0Pt VII · Sec A
Betsy Frantz
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.

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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.

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Provided by the organization

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2 programs · $503K · in their own filed words · FY2023
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.

$465Kprogram 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.

$38Kprogram 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 FY2023 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$784K
Ln 12
Fees for servicesLn 2g$395K
Gifts and grantsLn 1h$370K
Investment incomeLn 3$16K
Money outPt IX
$795K
Ln 25
Programscol B$503K
Managementcol C$177K
Fundraisingcol D$115K
Owns and owesPt X
$485K
net assets · Ln 32
Cash and savingsLn 1–2$293K
Total assetsLn 16$681K
LiabilitiesLn 26$196K
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
Noncash giftsLn 1g$10K
Fees for servicesLn 2g$395K
Investment incomeLn 3$16K
Other incomeLn 4–11$3K
Total revenueLn 12$784K
Assets in detailPt X, end of year
CashLn 1$169K
SavingsLn 2$124K
Cash and savings togetherLn 1–2$293K
InvestmentsLn 11–13$212K
Land, buildings, equipmentLn 10c$3K
Other assetsLn 15$153K
Total assetsLn 16$681K
LiabilitiesLn 26$196K
Net assetsLn 32$485K
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 FY23End FY23
Cash and savingsLn 1–2$291K$293K
InvestmentsLn 11–13$185K$212K
Land, buildings, equipmentLn 10c$9K$3K
Total assetsLn 16$723K$681K
LiabilitiesLn 26$240K$196K
Net assetsLn 32$483K$485K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$184K$110K$18K$55K
Other salaries and wagesLn 7$103K$45K$44K$14K
Pension plan contributionsLn 8$4K$2K$2K$485
Payroll taxesLn 10$20K$11K$4K$5K
Accounting feesLn 11c$22K$22K
Other fees for servicesLn 11g$4K$4K
Advertising and promotionLn 12$72K$24K$8K$40K
Office expensesLn 13$28K$11K$17K
OccupancyLn 16$49K$24K$24K
TravelLn 17$34K$34K
Conferences, conventions and meetingsLn 19$52K$52K
InterestLn 20$209$209
Depreciation, depletion and amortizationLn 22$932$466$466
InsuranceLn 23$8K$8K
Other expenses (24a–d)Ln 24$208K$186K$21K
All other expensesLn 24e$6K$3K$3K
Total functional expensesLn 25$795K$503K$177K$115K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $868K$900K−$32K$483K 990 PDF
FY2023 Viewing $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 FY2023 990 (6 parts)
Part I · Summary $783,706 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $392,650$369,800
I-9 Program service revenuePrior year $407,619$395,482
I-10 Investment incomePrior year $14,507$15,906
I-11 Other revenuePrior year $4,676$2,518
I-12 Total revenuePrior year $819,452$783,706
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $276,771$311,585
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $527,260$483,669
I-18 Total expensesPrior year $804,031$795,254
I-19 Revenue less expensesPrior year $15,421−$11,548
Part VI · Governance 40 of 41 board members independent, no flags
VI-1a Voting members of the governing body41
VI-1b Independent voting members40
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 $783,706 across 7 lines filed
VIII-1f All other contributions, gifts and grants$369,800
VIII-1g Noncash contributions (included above)$10,500
VIII-1h Total contributions, gifts and grants$369,800
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $395,482$395,482
VIII-3 Investment incomeExcluded from tax $15,906$15,906
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Excluded from tax $2,518$2,518
VIII-12 Total revenueRelated to mission $395,482 · Excluded from tax $18,424$783,706
Part IX · Statement of functional expenses $795,254 across 16 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $110,285 · Management $18,381 · Fundraising $55,142$183,808
IX-7 Other salaries and wagesPrograms $45,341 · Management $43,839 · Fundraising $14,298$103,478
IX-8 Pension plan contributionsPrograms $1,639 · Management $1,879 · Fundraising $485$4,003
IX-10 Payroll taxesPrograms $10,910 · Management $4,490 · Fundraising $4,896$20,296
IX-11c Accounting feesManagement $21,700$21,700
IX-11g Other fees for servicesManagement $4,169$4,169
IX-12 Advertising and promotionPrograms $24,343 · Management $8,115 · Fundraising $39,985$72,443
IX-13 Office expensesPrograms $10,675 · Management $17,463$28,138
IX-16 OccupancyPrograms $24,470 · Management $24,470$48,940
IX-17 TravelPrograms $34,192$34,192
IX-19 Conferences, conventions and meetingsPrograms $52,300$52,300
IX-20 InterestManagement $209$209
IX-22 Depreciation, depletion and amortizationPrograms $466 · Management $466$932
IX-23 InsuranceManagement $7,510$7,510
IX-24 Other expenses (24a–d)Programs $186,114 · Management $21,431$207,545
IX-24e All other expensesPrograms $2,569 · Management $3,022$5,591
IX-25 Total functional expensesPrograms $503,304 · Management $177,144 · Fundraising $114,806$795,254
Part X · Balance sheet $680,877 assets, 16 lines filed
X-1 Cash, non-interest-bearingStart of year $176,150$169,221
X-2 Savings and temporary cash investmentsStart of year $114,978$124,068
X-3 Pledges and grants receivableStart of year $5,000$11,000
X-4 Accounts receivableStart of year $15,027$1,500
X-9 Prepaid expenses and deferred chargesStart of year $3,955$6,827
X-10c Land, buildings and equipment, netStart of year $8,734$3,131
X-11 Publicly traded securitiesStart of year $185,405$212,311
X-15 Other assetsStart of year $213,714$152,819
X-16 Total assetsStart of year $722,963$680,877
X-17 Accounts payable and accrued expensesStart of year $83,763$78,020
X-25 Other liabilitiesStart of year $147,285$118,151
X-26 Total liabilitiesStart of year $239,608$196,171
X-27 Net assets without donor restrictionsStart of year $187,533$230,770
X-28 Net assets with donor restrictionsStart of year $295,822$253,936
X-32 Total net assets or fund balancesStart of year $483,355$484,706
X-33 Total liabilities and net assetsStart of year $722,963$680,877
Part XI · Reconciliation of net assets $484,706 net assets at year end
XI-1 Total revenue$783,706
XI-2 Total expenses$795,254
XI-3 Revenue less expenses−$11,548
XI-4 Net assets at start of year$483,355
XI-5 Net unrealized gains (losses) on investments$14,138
XI-8 Prior period adjustments−$1,239
XI-10 Net assets at end of year$484,706

Form 990 e-file (XML) FY2023 from the IRS · Classification, formation year and address from the IRS Business Master File

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