Lead Africa FY2023 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.
87¢ of each $1 spent went to programs.
$47K 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
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
87%
of spending
Looks good: 87% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$47K
to officers and key staff · 3% of spending
Looks good: pay to officers and key staff is 3% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
8 mo
of spending, in cash
Looks good: 8.5 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
$546K
37% of total assets
Looks good: liabilities are 37% of assets; 50% or less.
Pt X · Ln 26
Independent board members
4
of 5 voting members
Looks good: 4 of 5 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$1.5M
-3% vs prior year
Spent
$1.7M
To programs
87%
Net assets
$921K
By yearFY2019–FY2025
Revenue
$1.5M
FY2023▼ -3%
Revenue by fiscal year
FY2019$330K
FY2020$587K
FY2021$547K
FY2022$1.6M
FY2023$1.5M
FY2024$1.2M
FY2025$4.1M
Expenses
$1.7M
FY2023▲ +161%
Expenses by fiscal year
FY2019$213K
FY2020$585K
FY2021$581K
FY2022$651K
FY2023$1.7M
FY2024$1.5M
FY2025$1.6M
Net assets
$921K
FY2023▼ -9%
Net assets by fiscal year
FY2019$119K
FY2020$121K
FY2021$88K
FY2022$1.0M
FY2023$921K
FY2024$672K
FY2025$3.2M

From the FY2023 Form 990 · figures checked against the IRS filing · see the original

Give Claim
You’re viewing the FY2023 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

87 cents of each dollar spent went to programs.

Program services 87% · $1.5M Management & general 7% · $112K Fundraising 6% · $101K

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

Who runs it and what they're paid

5 people listed on the 990; $47K paid to officers and key staff.

Part VII, Section A · reportable compensation
Executive Director
$47,320Pt VII · Sec A
Founding Board Member
$0Pt VII · Sec A
Founding Board Member
$0Pt VII · Sec A
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 →

Are you one of these people? Claim this org to confirm your role

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.

Know this organization? Claim it to add your story

1 program service account for $1.5M of program spending, described in the organization's own filed words · FY2023.
01

See Schedule O.

$1.5Mprogram expense

Run this program? Claim this org to tell your story

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 FY2023 990, line by line.

1The main four
Money inPt VIII
$1.5M
Ln 12
Gifts and grantsLn 1h$1.5M
Investment incomeLn 3$175
Money outPt IX
$1.7M
Ln 25
Programscol B$1.5M
Managementcol C$112K
Fundraisingcol D$101K
Owns and owesPt X
$921K
net assets · Ln 32
Cash and savingsLn 1–2$1.2M
Total assetsLn 16$1.5M
LiabilitiesLn 26$546K
PeoplePt VI, VII
5
listed · VII A
PaidVII A1
Voting boardVI 1a5
IndependentVI 1b4
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$1.5M
Investment incomeLn 3$175
Total revenueLn 12$1.5M
Assets in detailPt X, end of year
CashLn 1$1.2M
Cash and savings togetherLn 1–2$1.2M
Total assetsLn 16$1.5M
LiabilitiesLn 26$546K
Net assetsLn 32$921K
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 FY23End FY23
Cash and savingsLn 1–2$1.0M$1.2M
Total assetsLn 16$1.0M$1.5M
LiabilitiesLn 26$5K$546K
Net assetsLn 32$1.0M$921K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants and assistance to foreign recipientsLn 3$1.4M$1.4M
Pay of current officers, directors and key staffLn 5$47K$19K$8K$20K
Other salaries and wagesLn 7$125K$51K$22K$53K
Pension plan contributionsLn 8$4K$2K$881$1K
Other employee benefitsLn 9$13K$7K$3K$3K
Payroll taxesLn 10$15K$6K$3K$6K
Management feesLn 11a$53K$9K$44K
Legal feesLn 11b$1K$1K
Other fees for servicesLn 11g$19K$3K$17K
Office expensesLn 13$3K$3K
Information technologyLn 14$9K$9K
TravelLn 17$9K$8K$1K
Conferences, conventions and meetingsLn 19$16K$16K
InsuranceLn 23$110$110
Other expenses (24a–d)Ln 24$7K$7K
Total functional expensesLn 25$1.7M$1.5M$112K$101K

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 Viewing $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 $330K$213K$117K$119K 990 PDF

Want to add your own materials alongside these filings? Claim this org

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 FY2023 990 (4 parts)
Part VIII · Statement of revenue $1,516,277 across 4 lines filed
VIII-1f All other contributions, gifts and grants$1,516,102
VIII-1h Total contributions, gifts and grants$1,516,102
VIII-3 Investment incomeExcluded from tax $175$175
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $175$1,516,277
Part IX · Statement of functional expenses $1,700,455 across 15 lines filed
IX-3 Grants and assistance to foreign recipientsPrograms $1,378,068$1,378,068
IX-5 Pay of current officers, directors and key staffPrograms $19,180 · Management $8,220 · Fundraising $19,920$47,320
IX-7 Other salaries and wagesPrograms $50,820 · Management $21,780 · Fundraising $52,780$125,380
IX-8 Pension plan contributionsPrograms $2,333 · Management $881 · Fundraising $1,203$4,417
IX-9 Other employee benefitsPrograms $6,750 · Management $2,547 · Fundraising $3,482$12,779
IX-10 Payroll taxesPrograms $6,111 · Management $2,704 · Fundraising $5,971$14,786
IX-11a Management feesPrograms $9,000 · Management $43,953$52,953
IX-11b Legal feesManagement $1,255$1,255
IX-11g Other fees for servicesManagement $2,653 · Fundraising $16,783$19,436
IX-13 Office expensesManagement $3,308$3,308
IX-14 Information technologyManagement $8,681$8,681
IX-17 TravelPrograms $7,955 · Fundraising $1,276$9,231
IX-19 Conferences, conventions and meetingsManagement $16,061$16,061
IX-23 InsuranceManagement $110$110
IX-24 Other expenses (24a–d)Programs $6,670$6,670
IX-25 Total functional expensesPrograms $1,486,887 · Management $112,153 · Fundraising $101,415$1,700,455
Part X · Balance sheet $1,467,259 assets, 10 lines filed
X-1 Cash, non-interest-bearingStart of year $1,012,226$1,197,979
X-3 Pledges and grants receivable$263,803
X-9 Prepaid expenses and deferred charges$5,477
X-16 Total assetsStart of year $1,012,226$1,467,259
X-17 Accounts payable and accrued expensesStart of year $5,044$546,353
X-26 Total liabilitiesStart of year $5,044$546,353
X-27 Net assets without donor restrictionsStart of year $1,007,182$782,931
X-28 Net assets with donor restrictions$137,975
X-32 Total net assets or fund balancesStart of year $1,007,182$920,906
X-33 Total liabilities and net assetsStart of year $1,012,226$1,467,259
Part XI · Reconciliation of net assets $920,906 net assets at year end
XI-1 Total revenue$1,516,277
XI-2 Total expenses$1,700,455
XI-3 Revenue less expenses−$184,178
XI-4 Net assets at start of year$1,007,182
XI-8 Prior period adjustments$97,902
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$920,906

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

Similar organizations you could support · Compare with another nonprofit

Names, privacy, and removal requests More

The names, titles, and compensation shown on this page are reproduced from IRS Form 990 filings, which are public records.

Philanthropy.org does not alter the content of those filings. All information appears exactly as reported by the filing organization for the tax year shown.

We publish only information contained in the public IRS filing — and less than the filing contains. Our profile pages do not display street addresses, telephone numbers, personal email addresses, or other personal contact information, even where the filing includes them.

Many people share the same name. A name shown on this page reflects only what one organization reported in one IRS filing for one tax year. It should not be interpreted as identifying any other individual with the same or a similar name.

If you are no longer affiliated with the organization, your name will generally stop appearing in future IRS filings once the organization no longer reports you. Pages for tax years in which you were reported remain published because those filings remain part of the public record.

Philanthropy.org does not alter or remove IRS filing records. Removing a page from this website would not remove the underlying IRS filing, which remains publicly available from the IRS and other publishers of the same information.

If you believe the IRS filing itself is inaccurate, corrections must be made by the filing organization or the IRS directly.

If you ARE the filing organization, claim this org and add context

Made it to the end? Claim this organization

Keep this kind of thing free
Keep public charity data easy to read.

Free to the public, because obviously. Like this? Pay it forward. Don't like this? Help us get better.

Card, Apple Pay or Google Pay through Stripe. One time.
Keep this kind of thing free
Keep public charity data easy to read.

Free to the public, because obviously. Like this? Pay it forward. Don't like this? Help us get better.

Card, Apple Pay or Google Pay through Stripe. One time.

All figures are derived from public IRS Form 990 filings and are presented without evaluation of any organization. philanthropy.org does not rate, score, or rank organizations, including the pay comparisons above.