Lead Educational Foundation EIN 87-2489666

Lead Educational Foundation

EIN  87-2489666 Public charity (501(c)(3)) Lufkin, TX
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Size
$100K–1M
What they do
Funds educational projects, tools, and materials, plus scholarships for needy students.
Leadership
Lawrence Owens · Preident
Money in and out
$736K revenue, $216K expenses
Bottom line
100% program efficiency

Funds educational projects, tools, and materials, plus scholarships for needy students. For fiscal year 2022 it reported $736K in revenue, $216K in expenses, and $530K in net assets.Pt I

Where the money goes · FY2022
Total revenue
$736K
Pt VIII · Ln 12
Total expenses
$216K
Pt IX · Ln 25
Net assets
$530K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $520K
Where spending went · Part IX cols B–D
Program services $1.00 Management & general $0.00
Program efficiency
100%
of spending reaches programs
Operating runway
5.8mo
months of highly liquid reserves at operating expense rate
Surplus margin
+71%
revenue over expenses, this year

Summary of the Filing

Part I · fiscal year 2022 · Form 990
Total revenue
$736K
Pt VIII · Ln 12
Total expenses
$216K
Pt IX · Ln 25
Net assets
$530K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$520K
Total assetsPt X · Ln 16$530K
Program-expense ratioPt IX · col B100%
Voting members of governing bodyPt I · Ln 33
Independent voting membersPt I · Ln 43
Mission & Programs · Part III

Where the work happens

3 program services account for $56K of program spending, described in the organization's own filed words · FY2022.
01

Provide assistance to lead academy for funding and scholarships

$26Kprogram expense
02

Provide funding assistance to woodlawn church for building improvements

$16Kprogram expense
03

Provide assistance to victory church for a new building

$15Kprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CLead Educational Foundation
EINHdr · item D87-2489666
Principal addressHdr · item CLufkin, TX
WebsiteHdr · item Jnone reported
Year of formationHdr · item Lpending
State of legal domicileHdr · item MTX
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFEducation (B20)
Ruling yearIRS BMFDec 2021

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a3
Independent voting membersPt VI · Ln 1b3
Conflict-of-interest policyPt VI · Ln 12aNo
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
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
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Statement of Revenue

Part VIII
Contributions & grants$672K · 91%
Other revenue$64K · 9%
Contributions & grants91%$672K
Other revenue9%$64K
Total revenueLn 12$736K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $1.00 Management & general $0.00
Program services100%$216K
Management & general$362
Total functional expensesLn 25$216K

Balance Sheet

Part X · end of year
CashLn 1$104K
Total assetsLn 16$530K
Total liabilitiesLn 26$0
Total net assetsLn 32$530K
Months of cash on handcomputed5.8

Financial Metrics

Form 990 · FY2022 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $104K · Operating expenses/yr $216K
5.8 months
Where the money goes
Program services
Program services $216K · Total expenses $216K
100%
Management & General
Management & general $362 · Total expenses $216K
0%
Fundraising
Fundraising $0 · Total expenses $216K
0%
Cost to raise $1
Fundraising expense $0 · Solicited contributions $672K
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $672K · Total revenue $736K
91%
Government reliance
Government grants — · Total revenue $736K
Earned-income share
Program service revenue $0 · Total revenue $736K
0%
Investment reliance
Investment income $0 · Total revenue $736K
0%
Program self-sufficiency
Program service revenue $0 · Total expenses $216K
0%
Growth & trend
Revenue growth (YoY)
This year $736K · Prior year —
No prior year on file
Net-asset trend (YoY)
End of year $530K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $736K · Expenses $216K
+71%
Liabilities-to-Assets
Total liabilities — · Total assets $530K
Net-asset ratio
Net assets $530K · Total assets $530K
100%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $530K
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Lawrence Owens · Reported title PREIDENT · Highest reported compensation $0 · Total expenses $216K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) — · Total expenses $216K
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 100%
Overhead ratio 0%
Fundraising cost ratio 0%
Accounting fee ratio 0%

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 · this organization's grantmaking
Grants paid · 3 grants · $56K · 2022–2022
Lead Academy INCFY2022$25,630
Woodlawn ChurchFY2022$15,700
Victory ChurchFY2022$15,000

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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
FY2022 (Latest)$736K revenue · viewing · ⤓ 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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