Lead Changes EIN 83-1535090

Lead Changes FY2024 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
$321K revenue, $392K expenses
Bottom line
82% program efficiency

Teaches youth leadership, confidence, and integrity through horsemanship. For fiscal year 2024 it reported $321K in revenue, $392K in expenses, and $178K in net assets.Pt I

Where the money goes · FY2024
Total revenue
$321K
Pt VIII · Ln 12
Total expenses
$392K
Pt IX · Ln 25
Net assets
$178K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): −$71K
Where spending went · Part IX cols B–D
Program services $0.82 Management & general $0.18
Program efficiency
82%
of spending reaches programs
Operating runway
5.5mo
months of highly liquid reserves at operating expense rate
Surplus margin
-22%
revenue over expenses, this year

Summary of the Filing

Part I · fiscal year 2024 · Form 990
Revenue
$321K
FY2024▼ -5%
Expenses
$392K
FY20240%
Total assets
$178K
FY2024▼ -26%
Total liabilities
$556
FY2024▼ -67%
Total revenue
$321K
Pt VIII · Ln 12
Total expenses
$392K
Pt IX · Ln 25
Net assets
$178K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19−$71K
Total assetsPt X · Ln 16$178K
Program-expense ratioPt IX · col B82%
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 $322K of program spending, described in the organization's own filed words · FY2024.
01

Lead changes is committed to using horsemanship as a tool to equip youth with leadership skills, confidence, and integrity. Our goal is to train youth ages 11 to 17, from rural communities to inner-city neighborhoods, with varied economic, racial and ethnic backgrounds, in horsemanship skills and ranch life through educational programs…

$322Kprogram 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
See Lead Changes executive salaries →

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Statement of Revenue

Part VIII
Contributions & grants$262K · 82%
Program service revenue$50K · 16%
Investment income$9K · 3%
Contributions & grants82%$262K
Program service revenue16%$50K
Investment income3%$9K
Total revenueLn 12$321K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.82 Management & general $0.18
Program services82%$322K
Management & general18%$69K
Total functional expensesLn 25$392K

Balance Sheet

Part X · end of year
CashLn 1$178K
Total assetsLn 16$178K
Total liabilitiesLn 26$556
Total net assetsLn 32$178K
Months of cash on handcomputed5.5

Financial Metrics

Form 990 · FY2024 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $178K · Operating expenses/yr $392K
5.5 months
Where the money goes
Program services
Program services $322K · Total expenses $392K
82%
Management & General
Management & general $69K · Total expenses $392K
18%
Fundraising
Fundraising $0 · Total expenses $392K
0%
Cost to raise $1
Fundraising expense (3-yr avg) $0 · Solicited contributions (3-yr avg) $273K
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $262K · Total revenue $321K
82%
Government reliance
Government grants — · Total revenue $321K
Earned-income share
Program service revenue $50K · Total revenue $321K
16%
Investment reliance
Investment income $9K · Total revenue $321K
+3%
Program self-sufficiency
Program service revenue $50K · Total expenses $392K
13%
Growth & trend
Revenue growth (YoY)
This year $321K · Prior year $338K
-5%
Revenue CAGR
FY2020 $264K · FY2024 $321K
+5%
Net-asset trend (YoY)
End of year $178K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $321K · Expenses $392K
-22%
Liabilities-to-Assets
Total liabilities — · Total assets $178K
Net-asset ratio
Net assets $178K · Total assets $178K
100%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $178K
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 $392K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) — · Total expenses $392K
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 82%
Overhead ratio 18%
Fundraising cost ratio 0%
Revenue growth -5%
Accounting fee ratio 1%

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 · viewing · ⤓ 990 PDF
FY2023$338K revenue · ⤓ 990 PDF
FY2022$422K revenue · ⤓ 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) · FY2024IRS
Classification, formation year, addressIRS Business Master File
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