Lead Africa FY2019 filing

Tax-deductible

New York, NY501(c)(3)Since 2018EducationEIN 83-1204471

LEAD Edus mission is to establish, support, and grow programs that empower a generation of ethical, empathetic, and entrepreneurial leaders. We develop leaders through a holistic combination of education, sports, and leadership training delivered by locally-led LEAD Hubs.

501(c)(3) charity; gifts are tax-deductible.
83¢ of each $1 spent went to programs.
$24K 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

FY2019 · 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
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
4 of 7
filings with a surplus
Average surplus $441K a year · 31% of revenue · last 7 filings
Worth a look: a surplus in 4 of the last 7 filings.
Pt I · Ln 19 · 7 filings
Spent on programs
83%
of spending
Looks good: 83% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$24K
to officers and key staff · 11% of spending
Looks good: pay to officers and key staff is 11% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
7 mo
of spending, in cash
Looks good: 6.8 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
3
named funders · $314K
Looks good: 3 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$2K
2% of total assets
Looks good: liabilities are 2% of assets; 50% or less.
Pt X · Ln 26
Independent board members
4
of 4 voting members
Looks good: 4 of 4 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$330K
Spent
$213K
To programs
83%
Net assets
$119K
By yearFY2019–FY2025
Revenue
$330K
FY2019
Revenue by fiscal year
FY2019$330K
FY2020$587K
FY2021$547K
FY2022$1.6M
FY2023$1.5M
FY2024$1.2M
FY2025$4.1M
Expenses
$213K
FY2019
Expenses by fiscal year
FY2019$213K
FY2020$585K
FY2021$581K
FY2022$651K
FY2023$1.7M
FY2024$1.5M
FY2025$1.6M
Net assets
$119K
FY2019
Net assets by fiscal year
FY2019$119K
FY2020$121K
FY2021$88K
FY2022$1.0M
FY2023$921K
FY2024$672K
FY2025$3.2M

From the FY2019 Form 990 · figures checked against the IRS filing · see the original

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You’re viewing the FY2019 filing — not the latest on file. See the latest (FY2025) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Apr 2019.

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

Where the money goes

83 cents of each dollar spent went to programs.

Program services 83% · $176K Management & general 10% · $22K Fundraising 7% · $14K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

Who runs it and what they're paid

4 people listed on the 990; $24K paid to officers and key staff.

Part VII, Section A · reportable compensation
Executive Director
$23,761Pt VII · Sec A
Founding Board Member
$0Pt VII · Sec A
Founding Board Member
$0Pt VII · Sec A
Founding Board Member
$0Pt VII · Sec A

Anita Farsad’s $115K as Executive Director is at the 42nd percentile of top reported officer pay among 3395 $1–10M education 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 · 3 named individuals · Part VII

NameFY2025FY2024FY2023FY2022FY2021FY2020
Anita Farsad$115,000$103,024————
Will Smith———$48,000$51,598$50,613
William H Smith$10,560$24,640$47,320———

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 Africa 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

Empowers future leaders with quality education and sport.

Provided by the organization

This section is blank until Lead Africa claims this page.

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2 program services account for $176K of program spending, described in the organization's own filed words · FY2019.
01

LEAD Africa academies combine high-quality education, professional sport training, good nutrition, healthcare, and life skills to empower future leaders. In 2019 LEAD made grants to two academies - LEAD Monrovia Football Academy in Monrovia, Liberia (est. 2015) and LEAD Morocco in El Mansouria, Benslimane, Morocco (est. 2019).

$149Kprogram expense
02

LEAD staff provide operational support to grantee academies, access to a network of global partners, a platform for knowledge sharing among LEAD academies, and the supply of standardized academy policies.

$27Kprogram expense

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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
Total grants receivedfrom 3 funders$314K
See all 3 funders →

By the numbers

The FY2019 990, line by line.

1The main four
Money inPt VIII
$330K
Ln 12
Gifts and grantsLn 1h$330K
Investment incomeLn 3$20
Money outPt IX
$213K
Ln 25
Programscol B$176K
Managementcol C$22K
Fundraisingcol D$14K
Owns and owesPt X
$119K
net assets · Ln 32
Cash and savingsLn 1–2$121K
Total assetsLn 16$121K
LiabilitiesLn 26$2K
PeoplePt VI, VII
4
listed · VII A
PaidVII A1
Voting boardVI 1a4
IndependentVI 1b4
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$330K
Government grantsLn 1e$0
Noncash giftsLn 1g$0
Fundraising eventsLn 1c$0
Investment incomeLn 3$20
Total revenueLn 12$330K
Assets in detailPt X, end of year
CashLn 1$121K
SavingsLn 2$0
Cash and savings togetherLn 1–2$121K
InvestmentsLn 11–13$0
Land, buildings, equipmentLn 10c$0
Other assetsLn 15$0
Total assetsLn 16$121K
LiabilitiesLn 26$2K
Net assetsLn 32$119K
OperationsPt I, VI
EmployeesI 54
VolunteersI 63
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 FY19End FY19
Cash and savingsLn 1–2$2K$121K
InvestmentsLn 11–13$0$0
Land, buildings, equipmentLn 10c$0$0
Total assetsLn 16$2K$121K
LiabilitiesLn 26$0$2K
Net assetsLn 32$2K$119K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$0$0
Grants to domestic individualsLn 2$0$0
Grants and assistance to foreign recipientsLn 3$149K$149K
Pay of current officers, directors and key staffLn 5$24K$8K$8K$8K
Pay of disqualified personsLn 6$0$0$0$0
Other salaries and wagesLn 7$13K$4K$4K$4K
Pension plan contributionsLn 8$0$0$0$0
Other employee benefitsLn 9$0$0$0$0
Payroll taxesLn 10$2K$814$814$813
Management feesLn 11a$0$0$0$0
Legal feesLn 11b$2K$0$2K$0
Accounting feesLn 11c$0$0$0$0
Lobbying feesLn 11d$0$0$0$0
Professional fundraising feesLn 11e$0$0
Investment management feesLn 11f$0$0$0$0
Other fees for servicesLn 11g$6K$6K$0$0
Advertising and promotionLn 12$4K$0$4K$0
Office expensesLn 13$2K$0$2K$0
Information technologyLn 14$1K$0$1K$0
RoyaltiesLn 15$0$0$0$0
OccupancyLn 16$0$0$0$0
TravelLn 17$10K$8K$0$1K
Travel and entertainment for public officialsLn 18$0$0$0$0
Conferences, conventions and meetingsLn 19$0$0$0$0
InterestLn 20$0$0$0$0
Payments to affiliatesLn 21$0$0$0$0
Depreciation, depletion and amortizationLn 22$0$0$0$0
InsuranceLn 23$0$0$0$0
Total functional expensesLn 25$213K$176K$22K$14K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $4.1M$1.6M$2.5M$3.2M 990 PDF
FY2024 $1.2M$1.5M−$249K$672K 990 PDF
FY2023 $1.5M$1.7M−$184K$921K 990 PDF
FY2022 $1.6M$651K$919K$1.0M 990 PDF
FY2021 $547K$581K−$33K$88K 990 PDF
FY2020 $587K$585K$2K$121K 990 PDF
FY2019 Viewing $330K$213K$117K$119K 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2019 990 (4 parts)
Part VIII · Statement of revenue $329,600 across 13 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$329,580
VIII-1g Noncash contributions (included above)$0
VIII-1h Total contributions, gifts and grants$329,580
VIII-3 Investment incomeRelated to mission $20 · Unrelated business $0 · Excluded from tax $0$20
VIII-5 RoyaltiesRelated to mission $0 · Unrelated business $0 · Excluded from tax $0$0
VIII-6 Net rental income or lossRelated to mission $0 · Unrelated business $0 · Excluded from tax $0$0
VIII-8 Net income from fundraising eventsUnrelated business $0 · Excluded from tax $0$0
VIII-12 Total revenueRelated to mission $20 · Unrelated business $0 · Excluded from tax $0$329,600
Part IX · Statement of functional expenses $212,840 across 28 lines filed
IX-1 Grants to domestic organizationsPrograms $0$0
IX-2 Grants to domestic individualsPrograms $0$0
IX-3 Grants and assistance to foreign recipientsPrograms $149,282$149,282
IX-5 Pay of current officers, directors and key staffPrograms $7,920 · Management $7,920 · Fundraising $7,920$23,761
IX-6 Pay of disqualified personsPrograms $0 · Management $0 · Fundraising $0$0
IX-7 Other salaries and wagesPrograms $4,188 · Management $4,188 · Fundraising $4,188$12,564
IX-8 Pension plan contributionsPrograms $0 · Management $0 · Fundraising $0$0
IX-9 Other employee benefitsPrograms $0 · Management $0 · Fundraising $0$0
IX-10 Payroll taxesPrograms $814 · Management $814 · Fundraising $813$2,441
IX-11a Management feesPrograms $0 · Management $0 · Fundraising $0$0
IX-11b Legal feesPrograms $0 · Management $1,925 · Fundraising $0$1,925
IX-11c Accounting feesPrograms $0 · Management $0 · Fundraising $0$0
IX-11d Lobbying feesPrograms $0 · Management $0 · Fundraising $0$0
IX-11e Professional fundraising feesFundraising $0$0
IX-11f Investment management feesPrograms $0 · Management $0 · Fundraising $0$0
IX-11g Other fees for servicesPrograms $6,000 · Management $0 · Fundraising $0$6,000
IX-12 Advertising and promotionPrograms $0 · Management $3,658 · Fundraising $0$3,658
IX-13 Office expensesPrograms $0 · Management $2,267 · Fundraising $0$2,267
IX-14 Information technologyPrograms $0 · Management $1,324 · Fundraising $0$1,324
IX-15 RoyaltiesPrograms $0 · Management $0 · Fundraising $0$0
IX-16 OccupancyPrograms $0 · Management $0 · Fundraising $0$0
IX-17 TravelPrograms $8,196 · Management $0 · Fundraising $1,422$9,618
IX-18 Travel and entertainment for public officialsPrograms $0 · Management $0 · Fundraising $0$0
IX-19 Conferences, conventions and meetingsPrograms $0 · Management $0 · Fundraising $0$0
IX-20 InterestPrograms $0 · Management $0 · Fundraising $0$0
IX-21 Payments to affiliatesPrograms $0 · Management $0 · Fundraising $0$0
IX-22 Depreciation, depletion and amortizationPrograms $0 · Management $0 · Fundraising $0$0
IX-23 InsurancePrograms $0 · Management $0 · Fundraising $0$0
IX-25 Total functional expensesPrograms $176,400 · Management $22,096 · Fundraising $14,343$212,840
Part X · Balance sheet $121,302 assets, 24 lines filed
X-1 Cash, non-interest-bearingStart of year $2,446$121,302
X-2 Savings and temporary cash investmentsStart of year $0$0
X-3 Pledges and grants receivableStart of year $0$0
X-4 Accounts receivableStart of year $0$0
X-8 Inventories for sale or useStart of year $0$0
X-9 Prepaid expenses and deferred chargesStart of year $0$0
X-10c Land, buildings and equipment, netStart of year $0$0
X-11 Publicly traded securitiesStart of year $0$0
X-12 Other securitiesStart of year $0$0
X-13 Program-related investmentsStart of year $0$0
X-14 Intangible assetsStart of year $0$0
X-15 Other assetsStart of year $0$0
X-16 Total assetsStart of year $2,446$121,302
X-17 Accounts payable and accrued expensesStart of year $0$2,095
X-18 Grants payableStart of year $0$0
X-19 Deferred revenueStart of year $0$0
X-20 Tax-exempt bond liabilitiesStart of year $0$0
X-24 Unsecured notes and loans payableStart of year $0$0
X-25 Other liabilitiesStart of year $0$0
X-26 Total liabilitiesStart of year $0$2,095
X-27 Net assets without donor restrictionsStart of year $2,446$119,207
X-28 Net assets with donor restrictionsStart of year $0$0
X-32 Total net assets or fund balancesStart of year $2,446$119,207
X-33 Total liabilities and net assetsStart of year $2,446$121,302
Part XI · Reconciliation of net assets $119,207 net assets at year end
XI-1 Total revenue$329,600
XI-2 Total expenses$212,840
XI-3 Revenue less expenses$116,760
XI-4 Net assets at start of year$2,446
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$1
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$119,207

Form 990 e-file (XML) FY2019 from the IRS · Classification, formation year and address from the IRS Business Master File

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