Lead Changes EIN 83-1535090

Lead Changes FY2022 filing

EIN  83-1535090 Public charity (501(c)(3)) Weatherford, TX
Form 990 (PDF)
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Size
$100K–1M
What they do
Teaches youth leadership, confidence, and integrity through horsemanship.
Leadership
Chris Cox · Executive Director
Money in and out
$422K revenue, $434K expenses
Bottom line
95% program efficiency

Teaches youth leadership, confidence, and integrity through horsemanship. For fiscal year 2022 it reported $422K in revenue, $434K in expenses, and $288K in net assets.Pt I

Where the money goes · FY2022
Total revenue
$422K
Pt VIII · Ln 12
Total expenses
$434K
Pt IX · Ln 25
Net assets
$288K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): −$12K
Where spending went · Part IX cols B–D
Program services $0.95 Management & general $0.05
Program efficiency
95%
of spending reaches programs
Operating runway
8.0mo
months of highly liquid reserves at operating expense rate
Surplus margin
-3%
revenue over expenses, this year

Summary of the Filing

Part I · fiscal year 2022 · Form 990
Revenue
$422K
FY2022▼ -3%
Expenses
$434K
FY2022▲ +126%
Total assets
$288K
FY2022▼ -9%
Total liabilities
$350
FY2022▼ -82%
Total revenue
$422K
Pt VIII · Ln 12
Total expenses
$434K
Pt IX · Ln 25
Net assets
$288K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19−$12K
Total assetsPt X · Ln 16$288K
Program-expense ratioPt IX · col B95%
Voting members of governing bodyPt I · Ln 36
Independent voting membersPt I · Ln 45
Mission & Programs · Part III

Where the work happens

1 program service account for $414K of program spending, described in the organization's own filed words · FY2022.
01

Lead changes is a nonprofit 501(c)(3) corporation, organized and operated exclusively for educational and charitable purposes. We committed to using horsemanship as a tool to equip youth with leadership skills, confidence and integrity.

$414Kprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CLead Changes
EINHdr · item D83-1535090
Principal addressHdr · item CWeatherford, TX
WebsiteHdr · item Jwww.leadchanges.org
Year of formationHdr · item Lpending
State of legal domicileHdr · item MTX
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFYouth Development (O52)
Ruling yearIRS BMFSep 2018

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a6
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 15aNo
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

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

Part VIII
Contributions & grants$284K · 67%
Program service revenue$134K · 32%
Investment income$4K · 1%
Contributions & grants67%$284K
Program service revenue32%$134K
Investment income1%$4K
Total revenueLn 12$422K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.95 Management & general $0.05
Program services95%$414K
Management & general5%$20K
Total functional expensesLn 25$434K

Balance Sheet

Part X · end of year
CashLn 1$288K
Total assetsLn 16$288K
Total liabilitiesLn 26$350
Total net assetsLn 32$288K
Months of cash on handcomputed8.0

Financial Metrics

Form 990 · FY2022 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $288K · Operating expenses/yr $434K
8.0 months
Where the money goes
Program services
Program services $414K · Total expenses $434K
95%
Management & General
Management & general $20K · Total expenses $434K
5%
Fundraising
Fundraising $0 · Total expenses $434K
0%
Cost to raise $1
Fundraising expense (3-yr avg) $0 · Solicited contributions (3-yr avg) $319K
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $284K · Total revenue $422K
67%
Government reliance
Government grants — · Total revenue $422K
Earned-income share
Program service revenue $134K · Total revenue $422K
32%
Investment reliance
Investment income $4K · Total revenue $422K
+1%
Program self-sufficiency
Program service revenue $134K · Total expenses $434K
31%
Growth & trend
Revenue growth (YoY)
This year $422K · Prior year $435K
-3%
Net-asset trend (YoY)
End of year $288K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $422K · Expenses $434K
-3%
Liabilities-to-Assets
Total liabilities — · Total assets $288K
Net-asset ratio
Net assets $288K · Total assets $288K
100%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $288K
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Chris Cox · Reported title EXECUTIVE DIRECTOR · Highest reported compensation $0 · Total expenses $434K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) — · Total expenses $434K
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 95%
Overhead ratio 5%
Fundraising cost ratio 0%
Revenue growth -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 · received and paid
Grants received · FY2024
See all 6 funders →
Grants paid · 1 grant · $62K · 2022–2022
Unitemized GrantFY2022$62,000

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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
FY2025 (Latest)$300K revenue · ⤓ 990 PDF
FY2024$321K revenue · ⤓ 990 PDF
FY2023$338K revenue · ⤓ 990 PDF
FY2022$422K revenue · viewing · ⤓ 990 PDF
FY2021$435K revenue · ⤓ 990 PDF
FY2020$264K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2022IRS
Classification, formation year, addressIRS Business Master File
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