Ilead Experience INC EIN 82-4338417

Ilead Experience INC

EIN  82-4338417 Public charity (501(c)(3)) Brooklyn, NY
Form 990 (PDF) Compare with another nonprofit →
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Size
$100K–1M
What they do
a youth development nonprofit
Leadership
Richard Chalme · President
Money in and out
$402K revenue, $474K expenses
Bottom line
80% program efficiency

Ilead Experience INC is a youth development nonprofit based in Brooklyn, NY. For fiscal year 2024 it reported $402K in revenue, $474K in expenses, and $-852K in net assets.Pt I

Where the money goes · FY2024
Total revenue
$402K
Pt VIII · Ln 12
Total expenses
$474K
Pt IX · Ln 25
Net assets
$-852K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): −$71K
Where spending went · Part IX cols B–D
Program services $0.80 Management & general $0.20
Program efficiency
80%
of spending reaches programs▼ -7% vs prior filing year
Operating runway
7.0mo
months of highly liquid reserves at operating expense rate▲ +112% vs prior filing year
Surplus margin
-18%
revenue over expenses, this year0% vs prior filing year

Summary of the Filing

Part I · fiscal year 2024 · Form 990
Revenue
$402K
FY2024▼ -42%
Expenses
$474K
FY2024▼ -42%
Total assets
$351K
FY2024▲ +10%
Total liabilities
$1.2M
FY2024▲ +4%
Total revenue
$402K
Pt VIII · Ln 12
Total expenses
$474K
Pt IX · Ln 25
Net assets
$-852K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19−$71K
Total assetsPt X · Ln 16$351K
Program-expense ratioPt IX · col B80%
Voting members of governing bodyPt I · Ln 32
Independent voting membersPt I · Ln 42
Mission & Programs · Part III

Where the work happens

1 program service account for $379K of program spending, described in the organization's own filed words · FY2024.
01

Ilead selects candidates at the end of their junior year in high school, who are interested in identifying their personal strengths, and working through their challenges and weaknesses. The program takes place in israel, over five weeks during the summer. The program focuses on physical aptitude and stamina.

$379Kprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CIlead Experience INC
EINHdr · item D82-4338417
Principal addressHdr · item CBrooklyn, NY
WebsiteHdr · item Jwww.ileadexperience.org
Year of formationHdr · item Lpending
State of legal domicileHdr · item MNY
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFYouth Development (O50)
Ruling yearIRS BMFFeb 2019

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a2
Independent voting membersPt VI · Ln 1b2
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13Yes
Document retention policyPt VI · Ln 14Yes
CEO/top-official compensation independently reviewedPt VI · Ln 15aNo
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
$0Pt VII · Sec A
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
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Statement of Revenue

Part VIII
Program service revenue$352K · 87%
Contributions & grants$42K · 10%
Investment income$9K · 2%
Program service revenue87%$352K
Contributions & grants10%$42K
Investment income2%$9K
Total revenueLn 12$402K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.80 Management & general $0.20
Program services80%$379K
Management & general20%$95K
Total functional expensesLn 25$474K

Balance Sheet

Part X · end of year
CashLn 1$29K
Total assetsLn 16$351K
Total liabilitiesLn 26$1.2M
Total net assetsLn 32$-852K
Months of cash on handcomputed0.7

Financial Metrics

Form 990 · FY2024 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $278K · Operating expenses/yr $474K
7.0 months
Where the money goes
Program services
Program services $379K · Total expenses $474K
80%
Management & General
Management & general $95K · Total expenses $474K
20%
Fundraising
Fundraising $0 · Total expenses $474K
0%
Cost to raise $1
Fundraising expense (3-yr avg) $0 · Solicited contributions (3-yr avg) $32K
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $42K · Total revenue $402K
10%
Government reliance
Government grants — · Total revenue $402K
Earned-income share
Program service revenue $352K · Total revenue $402K
87%
Investment reliance
Investment income $9K · Total revenue $402K
+2%
Program self-sufficiency
Program service revenue $352K · Total expenses $474K
74%
Growth & trend
Revenue growth (YoY)
This year $402K · Prior year $695K
-42%
Revenue CAGR
FY2020 $72K · FY2024 $402K
+54%
Net-asset trend (YoY)
End of year $-852K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $402K · Expenses $474K
-18%
Liabilities-to-Assets
Total liabilities — · Total assets $351K
Net-asset ratio
Net assets $-852K · Total assets $351K
-243%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $249K · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $351K
71%
People & payroll
Highest Reported Total Compensation
Individual Richard Chalme · Reported title PRESIDENT · Highest reported compensation $0 · Total expenses $474K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $14K · Total expenses $474K
3%
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 80%
Overhead ratio 20%
Fundraising cost ratio 0%
Revenue growth -42%
Legal fee ratio 3%
Accounting fee ratio 2%

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 · funders on record
Grants received · FY2024
Total grants receivedfrom 3 funders$49K
See all 3 funders →

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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
FY2024 (Latest)$402K revenue · viewing · ⤓ 990 PDF
FY2023$695K revenue · ⤓ 990 PDF
FY2022$680K revenue · ⤓ 990 PDF
FY2021$329K revenue · ⤓ 990 PDF
FY2020$72K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2024IRS
Classification, formation year, addressIRS Business Master File
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