Ilead Spring Meadows FY2020 filing

Holland, OHUnknown exempt organization EIN 81-1826586Revenue $2.4M in FY2020Latest return filed Mar 19, 2025

On file with the IRSHolland, OH

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At iLEAD we've built a model based on what we believe to be the best of all that is out there. We believe passionately in project-based learning not because it's a fad but because it goes to the heart of how kids learn. We've incorporated technology not as a spiffy add-on but as an organic part of the learning process in the 21st century. We value and encourage leadership not just as a part of a career track but by instilling in each learner the confidence and character that inspire others.

Form 990 Part I, line 1, FY2020. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 81-1826586) · Dispute this line
100¢ of each $1 spent went to programs.
$6K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Programs: Part IX · Pay: Part VII

Before you give

FY2020 · Form 990Independent: from IRS data, not the org
Download 990
Latest return
FY2024
latest Form 990
The latest return is for FY2024, 2 tax years back.
IRS e-file · Filing history
Surplus or deficit
1 of 5
filings with a surplus
Average deficit $508K a year · 22% of revenue · last 5 filings
A surplus in 1 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
100%
of spending
100% of spending went to programs.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$6K
to officers and key staff · 0.2% of spending
Pay to officers and key staff is 0.2% of spending.
Part VII, Section A
1.3 mo
of spending, in cash
1.3 months of spending in cash.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $54
1 funder names it on their filings.
Funders’ Sch. I, 990-PF
Liabilities
$4.3M
250% of total assets
Liabilities are 250% of assets.
Pt X · Ln 26
Independent board members
5
of 5 voting members
5 of 5 voting members are independent.
Pt VI · Ln 1a–1b
Revenue
$2.4M
Spent
$3.2M
To programs
100%
Net assets
−$2.6M
By yearFY2020–FY2024
Revenue
$2.4M
FY2020
Tap a bar for its year
Revenue by fiscal year
FY2020$2.4M
FY2021$3.0M
FY2022$2.8M
FY2023$3.6M
FY2024$0
Expenses
$3.2M
FY2020
Tap a bar for its year
Expenses by fiscal year
FY2020$3.2M
FY2021$3.5M
FY2022$3.8M
FY2023$3.9M
FY2024$0
Net assets
−$2.6M
FY2020
Tap a bar for its year
Net assets by fiscal year
FY2020−$2.6M
FY2021−$3.1M
FY2022−$4.0M
FY2023$50K
FY2024$0

From the FY2020 Form 990 (year ending June 2020) · see the original

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 Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

100 cents of each dollar spent went to programs.

Program services 100% · $3.2M

Form 990 Part IX, line 25. Every line is in By the numbers.

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Who runs it and what they're paid

5 people listed on the 990; $6K paid to officers and key staff (Part VII, Section A).

Part VII, Section A · reportable compensation
Vice Chairman
$1,250Pt VII · Sec A
Board Member
$1,250Pt VII · Sec A
Board Member
$1,125Pt VII · Sec A
Board Member
$1,000Pt VII · Sec A
Board Member
$875Pt VII · Sec A

Compensation history total reportable pay by year · 8 named individuals · Part VII

NameFY2023FY2022FY2021FY2020
Latanya Wilson—$1,125$1,375$1,250
Jeff Wilcox———$1,250
Raina Dawson$1,125$1,125$125—
Brian Jones$1,125$125——
Jeff Williams——$1,000$1,125
David Shock$875$750$1,000$1,000
Tricia Maassel—$500$1,000—
Jaquelyn May——$1,000$875

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 Ilead Spring Meadows executive salaries →

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 15aNo

Programs and updates

Empowers students through project-based learning, technology, and leadership development.

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1 program · $3.2M · in their own filed words · FY2019
01

Passive, lecture-based schools were created when the classroom consisted of four walls, rows of desks piled with textbooks, blackboards, chalk and a teacher who stood in front of the class pouring out facts and figures for restless, bored students to memorize, be tested on and quickly forget.

Form 990 Part III, line 4, FY2019. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 81-1826586) · Dispute this line
$3.2Mprogram 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 · FY2022
Total grants receivedfrom 1 funder$54

By the numbers

The FY2020 990, line by line.

1The main four
Money inPt VIII
$2.4M
Ln 12
Gifts and grantsLn 1h$2.4M
Money outPt IX
$3.2M
Ln 25
Programscol B$3.2M
Owns and owesPt X
−$2.6M
net assets · Ln 32
Cash and savingsLn 1–2$350K
Total assetsLn 16$1.7M
LiabilitiesLn 26$4.3M
PeoplePt VI, VII
5
listed · VII A
PaidVII A5
Voting boardVI 1a5
IndependentVI 1b5
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$2.4M
Government grantsLn 1e$0
Noncash giftsLn 1g$0
Fundraising eventsLn 1c$0
Total revenueLn 12$2.4M
Assets in detailPt X, end of year
CashLn 1$350K
Cash and savings togetherLn 1–2$350K
Pledges and grants receivableLn 3$11K
Accounts receivableLn 4$34K
Land, buildings, equipmentLn 10c$37K
Other assetsLn 15$1.3M
Total assetsLn 16$1.7M
LiabilitiesLn 26$4.3M
Net assetsLn 32−$2.6M
OperationsPt I, VI
EmployeesI 545
VolunteersI 60
Fiscal year endsHeaderJune
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 FY20End FY20
Cash and savingsLn 1–2$2K$350K
Land, buildings, equipmentLn 10c$35K$37K
Total assetsLn 16$1.4M$1.7M
LiabilitiesLn 26$3.1M$4.3M
Net assetsLn 32−$1.7M−$2.6M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Other salaries and wagesLn 7$1.0M$1.0M
Other employee benefitsLn 9$772K$772K
Management feesLn 11a$275K$275K
Legal feesLn 11b$30K$30K
Accounting feesLn 11c$44K$44K
Other fees for servicesLn 11g$129K$129K
Advertising and promotionLn 12$12K$12K
OccupancyLn 16$660K$660K
InterestLn 20$43K$43K
Depreciation, depletion and amortizationLn 22$19K$19K
InsuranceLn 23$17K$17K
Other expenses (24a–d)Ln 24$165K$165K$0$0
All other expensesLn 24e$34K$34K
Total functional expensesLn 25$3.2M$3.2M$0$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 LatestFiled with the IRS Mar 19, 2025 $0$0$0$0 990 PDF
FY2023Filed with the IRS Apr 24, 2024 $3.6M$3.9M−$263K$50K 990 PDF
FY2022Filed with the IRS May 4, 2023 $2.8M$3.8M−$970K−$4.0M 990 PDF
FY2021Filed with the IRS May 9, 2022 $3.0M$3.5M−$468K−$3.1M 990 PDF
FY2020 ViewingFiled with the IRS May 11, 2021 $2.4M$3.2M−$840K−$2.6M 990 PDF

Schedules filed Part IV

I · Grants O · Explanations
See the full FY2020 990
Part I · Summary $2,377,914 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $1,826,165$2,377,914
I-9 Program service revenuePrior year $0$0
I-10 Investment incomePrior year $0$0
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $1,826,165$2,377,914
I-13 Grants and similar amounts paidPrior year $0$0
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $1,201,944$1,791,784
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $1,356,549$1,425,910
I-18 Total expensesPrior year $2,558,493$3,217,694
I-19 Revenue less expensesPrior year −$732,328−$839,780
Part VI · Governance 5 of 5 board members independent, 1 to look at
VI-1a Voting members of the governing body5
VI-1b Independent voting members5
VI-15a Process for setting top official's payNo
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
Part VIII · Statement of revenue $2,377,914 across 9 lines filed
VIII-1a Federated campaigns$0
VIII-1b Membership dues$0
VIII-1c Fundraising events$0
VIII-1d Related organizations$0
VIII-1e Government grants$0
VIII-1f All other contributions, gifts and grants$2,377,914
VIII-1g Noncash contributions (included above)$0
VIII-1h Total contributions, gifts and grants$2,377,914
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $0$2,377,914
Part IX · Statement of functional expenses $3,217,694 across 13 lines filed
IX-7 Other salaries and wagesPrograms $1,019,782$1,019,782
IX-9 Other employee benefitsPrograms $772,002$772,002
IX-11a Management feesPrograms $275,389$275,389
IX-11b Legal feesPrograms $30,000$30,000
IX-11c Accounting feesPrograms $43,823$43,823
IX-11g Other fees for servicesPrograms $129,068$129,068
IX-12 Advertising and promotionPrograms $11,665$11,665
IX-16 OccupancyPrograms $659,836$659,836
IX-20 InterestPrograms $42,712$42,712
IX-22 Depreciation, depletion and amortizationPrograms $18,618$18,618
IX-23 InsurancePrograms $16,613$16,613
IX-24 Other expenses (24a–d)Programs $164,674 · Management $0 · Fundraising $0$164,674
IX-24e All other expensesPrograms $33,512$33,512
IX-25 Total functional expensesPrograms $3,217,694 · Management $0 · Fundraising $0$3,217,694
Part X · Balance sheet $1,725,210 assets, 15 lines filed
X-1 Cash, non-interest-bearingStart of year $1,828$350,080
X-3 Pledges and grants receivableStart of year $13,488$10,542
X-4 Accounts receivableStart of year $30,588$34,287
X-10c Land, buildings and equipment, netStart of year $34,785$36,853
X-15 Other assetsStart of year $1,296,520$1,293,448
X-16 Total assetsStart of year $1,377,209$1,725,210
X-17 Accounts payable and accrued expensesStart of year $769,309$735,458
X-23 Secured mortgages and notes payableStart of year $238,850$345,107
X-24 Unsecured notes and loans payableStart of year $649,701$751,111
X-25 Other liabilitiesStart of year $1,465,570$2,479,535
X-26 Total liabilitiesStart of year $3,123,430$4,311,211
X-27 Net assets without donor restrictionsStart of year −$1,746,221−$2,586,001
X-28 Net assets with donor restrictionsStart of year $0$0
X-32 Total net assets or fund balancesStart of year −$1,746,221−$2,586,001
X-33 Total liabilities and net assetsStart of year $1,377,209$1,725,210
Part XI · Reconciliation of net assets −$2,586,001 net assets at year end
XI-1 Total revenue$2,377,914
XI-2 Total expenses$3,217,694
XI-3 Revenue less expenses−$839,780
XI-4 Net assets at start of year−$1,746,221
XI-5 Net unrealized gains (losses) on investments$0
XI-6 Donated services and use of facilities$0
XI-7 Investment expenses$0
XI-8 Prior period adjustments$0
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year−$2,586,001

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

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