Lead Learn Live Corp EIN 81-1525320

Lead Learn Live Corp FY2020 filing

EIN  81-1525320 Public charity (501(c)(3)) Owasso, OK
Form 990 (PDF)
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Size
$100K–1M
What they do
Supports inclusive college programs for students with disabilities, boosting independence and careers.
Leadership
Julie Lackey · Founderexecutive Director · $6K
Money in and out
$209K revenue, $81K expenses
Bottom line
96% program efficiency

Supports inclusive college programs for students with disabilities, boosting independence and careers. For fiscal year 2020 it reported $209K in revenue, $81K in expenses, and $272K in net assets.Pt I

Where the money goes · FY2020
Total revenue
$209K
Pt VIII · Ln 12
Total expenses
$81K
Pt IX · Ln 25
Net assets
$272K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $129K
Where spending went · Part IX cols B–D
Program services $0.96 Management & general $0.02 Fundraising $0.01
Program efficiency
96%
of spending reaches programs
Operating runway
31.0mo
months of highly liquid reserves at operating expense rate
Surplus margin
+61%
revenue over expenses, this year

Summary of the Filing

Part I · fiscal year 2020 · Form 990
Revenue
$209K
FY2020
Total revenue
$209K
Pt VIII · Ln 12
Total expenses
$81K
Pt IX · Ln 25
Net assets
$272K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$129K
Total assetsPt X · Ln 16$273K
Program-expense ratioPt IX · col B96%
Voting members of governing bodyPt I · Ln 35
Independent voting membersPt I · Ln 45
Mission & Programs · Part III

Where the work happens

1 program service account for $78K of program spending, described in the organization's own filed words · FY2020.
01

In March 2018 Lead Learn Live partnered with Northeastern State University to begin the first comprehensive inclusive college program for students with intellectual or developmental disabilities in Oklahoma.

$78Kprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CLead Learn Live Corp
EINHdr · item D81-1525320
Principal addressHdr · item COwasso, OK
WebsiteHdr · item Jleadlearnlive.org
Year of formationHdr · item Lpending
State of legal domicileHdr · item MOK
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFDiseases & Disorders (G84)
Ruling yearIRS BMFJun 2016

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a5
Independent voting membersPt VI · Ln 1b5
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
Founderexecutive Director
$6,000Pt VII · Sec A
Fundraising Chair
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A

Julie Lackey’s $6K as Executive Dir. is at the 14th percentile of top reported officer pay among 151 <$100K diseases & disorders 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

NameFY2021FY2020
Julie Lackey$6,000$6,000

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 & grants100%$209K
Total revenueLn 12$209K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.96 Management & general $0.02 Fundraising $0.01
Program services96%$78K
Management & general2%$2K
Fundraising1%$1K
Total functional expensesLn 25$81K

Balance Sheet

Part X · end of year
CashLn 1$208K
Total assetsLn 16$273K
Total liabilitiesLn 26$626
Total net assetsLn 32$272K
Months of cash on handcomputed31.0

Financial Metrics

Form 990 · FY2020 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $208K · Operating expenses/yr $81K
31.0 months
Where the money goes
Program services
Program services $78K · Total expenses $81K
96%
Management & General
Management & general $2K · Total expenses $81K
2%
Fundraising
Fundraising $1K · Total expenses $81K
1%
Cost to raise $1
Fundraising expense $1K · Solicited contributions $209K
$0.01 to raise $1
Where the money comes from
Contribution dependence
Contributions & grants $209K · Total revenue $209K
100%
Government reliance
Government grants — · Total revenue $209K
Earned-income share
Program service revenue $0 · Total revenue $209K
0%
Investment reliance
Investment income $0 · Total revenue $209K
0%
Program self-sufficiency
Program service revenue $0 · Total expenses $81K
0%
Growth & trend
Revenue growth (YoY)
This year $209K · Prior year —
No prior year on file
Net-asset trend (YoY)
End of year $272K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $209K · Expenses $81K
+61%
Liabilities-to-Assets
Total liabilities — · Total assets $273K
Net-asset ratio
Net assets $272K · Total assets $273K
100%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $273K
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Julie Lackey · Reported title FounderExecutive Director · Highest reported compensation $6K · Total expenses $81K
7%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $6K · Total expenses $81K
7%
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 96%
Overhead ratio 2%
Fundraising cost ratio 1%
Legal fee ratio 0%

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 · received and paid
Grants received · FY2020
Total grants receivedfrom 1 funder$5K
Grants paid · 1 grant · $70K · 2020–2020

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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
FY2021 (Latest)$115K revenue · ⤓ 990 PDF
FY2020$209K 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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