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Lead PA

Philadelphia, PAUnknown exempt organization EIN 83-3208722Revenue $515K in FY2024

On file with the IRSleadpa.org100 S Broad St 3022588 Ste · Philadelphia, PA

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Cultivating the next generation of progressive leaders across the Commonwealth of PA

40¢ of each $1 spent went to programs.
$244K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Programs: Part IX · Pay: Part VII

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FY2024 · Form 990Independent: from IRS data, not the org
Download 990
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
3 of 5
filings with a surplus
Average surplus $57K a year · 12% of revenue · last 5 filings
Worth a look: a surplus in 3 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
40%
of spending
Concern: 40% of spending went to programs; under 50%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$244K
to officers and key staff · 44% of spending
Concern: pay to officers and key staff is 44% of spending; over 30%.
Pt VII · Sec A
Cash reserves
6 mo
of spending, in cash
Looks good: 5.6 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
2
named funders · $224K
Fine: 2 funders name it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$0
0% of total assets
Looks good: liabilities are 0% 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
$515K
-15% vs prior year
Spent
$560K
To programs
40%
Net assets
$306K
By yearFY2020–FY2024
Revenue
$515K
FY2024▼ -15%
Tap a bar for its year
Revenue by fiscal year
FY2020$518K
FY2021$189K
FY2022$487K
FY2023$605K
FY2024$515K
Expenses
$560K
FY2024▲ +11%
Tap a bar for its year
Expenses by fiscal year
FY2020$238K
FY2021$372K
FY2022$355K
FY2023$502K
FY2024$560K
Net assets
$306K
FY2024▼ -13%
Tap a bar for its year
Net assets by fiscal year
FY2020$299K
FY2021$115K
FY2022$247K
FY2023$350K
FY2024$306K

From the FY2024 Form 990 · see the original

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Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024.

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

Where the money goes

40 cents of each dollar spent went to programs.

Program services 40% · $225K Management & general 57% · $319K Fundraising 3% · $16K

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

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Who runs it and what they're paid

6 people listed on the 990; $244K paid to officers and key staff.

Part VII, Section A · reportable compensation
Oliver Truong
Co Exec Direct
$123,600Pt VII · Sec A
Cai S Morris
Exec Director
$120,600Pt VII · Sec A
$0Pt VII · Sec A
Fiona Conroy
Vice President
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A

Compensation history total reportable pay by year · 3 named individuals · Part VII

NameFY2024FY2023FY2022FY2021FY2020
Oliver Truong$123,600$103,000$105,069$81,681—
Cai S Morris$120,600$100,000$104,275$91,407—
Matt Goldfine————$112,047

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.

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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

Develops future progressive leaders throughout Pennsylvania.

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Provided by the organization

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3 programs · $198K · in their own filed words · FY2024
01

Civic education training provide civic education about the issues that

$93Kprogram expense
02

Professional development trainings including Ready to Manage trained

$55Kprogram expense
03

Political candidate trainings Ready to Lead training candidates for

$50Kprogram expense

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
The Pipeline FundFY2024$134K
PA Alliance ActionFY2024$90K
Total grants receivedfrom 2 funders$224K

By the numbers

The FY2024 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$515K
Ln 12
Other incomeLn 4–11$256K
Gifts and grantsLn 1h$249K
Fees for servicesLn 2g$10K
Money outPt IX
$560K
Ln 25
Programscol B$225K
Managementcol C$319K
Fundraisingcol D$16K
Owns and owesPt X
$306K
net assets · Ln 32
Cash and savingsLn 1–2$262K
Total assetsLn 16$306K
LiabilitiesLn 26$0
PeoplePt VI, VII
6
listed · VII A
PaidVII A2
Voting boardVI 1a4
IndependentVI 1b4
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$249K
Fees for servicesLn 2g$10K
Investment incomeLn 3$252
Other incomeLn 4–11$256K
Total revenueLn 12$515K
Assets in detailPt X, end of year
SavingsLn 2$262K
Cash and savings togetherLn 1–2$262K
Total assetsLn 16$306K
LiabilitiesLn 26$0
Net assetsLn 32$306K
OperationsPt I, VI
EmployeesI 53
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY24End FY24
Cash and savingsLn 1–2$221K$262K
Total assetsLn 16$350K$306K
LiabilitiesLn 26$0$0
Net assetsLn 32$350K$306K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$244K$101K$131K$12K
Other salaries and wagesLn 7$160K$51K$109K
Other employee benefitsLn 9$45K$17K$27K$1K
Payroll taxesLn 10$36K$14K$21K$1K
Legal feesLn 11b$2K$794$1K$64
Accounting feesLn 11c$4K$2K$2K$126
Other fees for servicesLn 11g$7K$7K$300
Advertising and promotionLn 12$79$30$47$2
Office expensesLn 13$10K$4K$6K$314
TravelLn 17$17K$6K$10K$518
InsuranceLn 23$2K$714$1K$57
Other expenses (24a–d)Ln 24$31K$21K$9K$475
Total functional expensesLn 25$560K$225K$319K$16K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest Viewing $515K$560K−$44K$306K 990 PDF
FY2023 $605K$502K$103K$350K 990 PDF
FY2022 $487K$355K$132K$247K 990 PDF
FY2021 $189K$372K−$183K$115K 990 PDF
FY2020 $518K$238K$279K$299K 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants O · Explanations
See the full FY2024 990 (6 parts)
Part I · Summary $515,466 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $400,500$248,920
I-9 Program service revenuePrior year $10,705$10,300
I-10 Investment incomePrior year $1,017$252
I-11 Other revenuePrior year $193,043$255,994
I-12 Total revenuePrior year $605,265$515,466
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $351,113$485,595
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $150,759$73,979
I-18 Total expensesPrior year $501,872$559,574
I-19 Revenue less expensesPrior year $103,393−$44,108
Part VI · Governance 4 of 4 board members independent, no flags
VI-1a Voting members of the governing body4
VI-1b Independent voting members4
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $515,466 across 7 lines filed
VIII-1f All other contributions, gifts and grants$248,920
VIII-1h Total contributions, gifts and grants$248,920
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $10,300$10,300
VIII-3 Investment incomeExcluded from tax $252$252
VIII-8 Net income from fundraising events$0
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $255,994$255,994
VIII-12 Total revenueRelated to mission $266,294 · Excluded from tax $252$515,466
Part IX · Statement of functional expenses $559,574 across 12 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $101,238 · Management $130,752 · Fundraising $12,210$244,200
IX-7 Other salaries and wagesPrograms $51,338 · Management $108,948$160,286
IX-9 Other employee benefitsPrograms $17,064 · Management $26,808 · Fundraising $1,366$45,238
IX-10 Payroll taxesPrograms $13,531 · Management $21,257 · Fundraising $1,083$35,871
IX-11b Legal feesPrograms $794 · Management $1,248 · Fundraising $64$2,106
IX-11c Accounting feesPrograms $1,568 · Management $2,464 · Fundraising $126$4,158
IX-11g Other fees for servicesPrograms $7,048 · Management $300$7,348
IX-12 Advertising and promotionPrograms $30 · Management $47 · Fundraising $2$79
IX-13 Office expensesPrograms $3,921 · Management $6,161 · Fundraising $314$10,396
IX-17 TravelPrograms $6,468 · Management $10,162 · Fundraising $518$17,148
IX-23 InsurancePrograms $714 · Management $1,122 · Fundraising $57$1,893
IX-24 Other expenses (24a–d)Programs $21,015 · Management $9,361 · Fundraising $475$30,851
IX-25 Total functional expensesPrograms $224,729 · Management $318,630 · Fundraising $16,215$559,574
Part X · Balance sheet $305,893 assets, 8 lines filed
X-2 Savings and temporary cash investmentsStart of year $221,143$262,001
X-4 Accounts receivableStart of year $128,858$43,892
X-16 Total assetsStart of year $350,001$305,893
X-26 Total liabilitiesStart of year $0$0
X-27 Net assets without donor restrictionsStart of year $315,922$249,537
X-28 Net assets with donor restrictionsStart of year $34,079$56,356
X-32 Total net assets or fund balancesStart of year $350,001$305,893
X-33 Total liabilities and net assetsStart of year $350,001$305,893
Part XI · Reconciliation of net assets $305,893 net assets at year end
XI-1 Total revenue$515,466
XI-2 Total expenses$559,574
XI-3 Revenue less expenses−$44,108
XI-4 Net assets at start of year$350,001
XI-10 Net assets at end of year$305,893

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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