The Leadership University INC EIN 92-0815346

The Leadership University INC

EIN  92-0815346 Higher education institution Waterbury, CT
Form 990 (PDF) Compare with another nonprofit →
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Size
$100K–1M
What they do
Empowers young people to become impactful, responsible, and compassionate leaders.
Leadership
Anthony Ireland · CEO/Board Member · $42K
Money in and out
$263K revenue, $108K expenses
Bottom line
+59% operating surplus

Empowers young people to become impactful, responsible, and compassionate leaders. For fiscal year 2024 it reported $263K in revenue, $108K in expenses, and $158K in net assets.Pt I

Financial scale & money flow · FY2024
Total revenue
$263K
Pt VIII · Ln 12
Total expenses
$108K
Pt IX · Ln 25
Net assets
$158K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $155K
Where spending went · Part IX cols B–D
Program services $0.46 Management & general $0.54
Operating surplus
+59%
revenue over expenses, this legal entity
Payroll share
68%
of this entity's spending is salaries & benefits
Program spending
46%
of expenses reach program services

Summary of the Filing

Part I · fiscal year 2024 · Form 990
Revenue
$263K
FY2024
Expenses
$108K
FY2024
Total assets
$161K
FY2024
Total liabilities
$2K
FY2024
Total revenue
$263K
Pt VIII · Ln 12
Total expenses
$108K
Pt IX · Ln 25
Net assets
$158K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$155K
Total assetsPt X · Ln 16$161K
Program-expense ratioPt IX · col B46%
Voting members of governing bodyPt I · Ln 3pending
Independent voting membersPt I · Ln 4pending
Mission & Programs · Part III

Where the work happens

1 program service account for $50K of program spending, described in the organization's own filed words · FY2024.
01

The organization provides various youth development initiatives that combine mentorship, education, and athletics to promote life skills, leadership, and career readiness. Programs focus on financial literacy, workforce training, physical fitness, and personal development through structured learning and hands-on experience.

$50Kprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CThe Leadership University INC
EINHdr · item D92-0815346
Principal addressHdr · item CWaterbury, CT
WebsiteHdr · item Jwww.ai3leadershipacademy.com
Year of formationHdr · item Lpending
State of legal domicileHdr · item MCT
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFYouth Development (O50)
Ruling yearIRS BMFAug 2023

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1apending
Independent voting membersPt VI · Ln 1bpending
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13Yes
Document retention policyPt VI · Ln 14Yes
CEO/top-official compensation independently reviewedPt VI · Ln 15aYes
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
CEO/Board Member
$41,574Pt VII · Sec A
Director of Operations
$9,638Pt VII · Sec A
Program Director
$4,375Pt VII · Sec A
Finance Director
$2,170Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A

Anthony Ireland’s $42K as CEO/Board Member is at the 32nd percentile of top reported officer pay among 1985 $100K–1M youth development 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.

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Statement of Revenue

Part VIII
Contributions & grants$248K · 94%
Other revenue$8K · 3%
Investment income$5K · 2%
Program service revenue$3K · 1%
Contributions & grants94%$248K
Other revenue3%$8K
Investment income2%$5K
Program service revenue1%$3K
— government grantsLn 1e$5K
Total revenueLn 12$263K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.46 Management & general $0.54
Program services46%$50K
Management & general54%$58K
Total functional expensesLn 25$108K

Balance Sheet

Part X · end of year
CashLn 1$62K
Total assetsLn 16$161K
Total liabilitiesLn 26$2K
Total net assetsLn 32$158K
Months of cash on handcomputed6.8

Financial Metrics

Form 990 · FY2024 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $161K · Operating expenses/yr $108K
17.8 months
Where the money goes
Program services
Program services $50K · Total expenses $108K
46%
Management & General
Management & general $58K · Total expenses $108K
54%
Fundraising
Fundraising $0 · Total expenses $108K
0%
Cost to raise $1
Fundraising expense $0 · Solicited contributions $243K
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $248K · Total revenue $263K
94%
Government reliance
Government grants $5K · Total revenue $263K
2%
Earned-income share
Program service revenue $3K · Total revenue $263K
1%
Investment reliance
Investment income $5K · Total revenue $263K
+2%
Program self-sufficiency
Program service revenue $3K · Total expenses $108K
2%
Growth & trend
Revenue growth (YoY)
This year $263K · Prior year $0
Prior-year revenue below floor — showing dollar change
Net-asset trend (YoY)
End of year $158K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $263K · Expenses $108K
+59%
Liabilities-to-Assets
Total liabilities — · Total assets $161K
Net-asset ratio
Net assets $158K · Total assets $161K
99%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $99K · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $161K
62%
People & payroll
Highest Reported Total Compensation
Individual Anthony Ireland · Reported title CEO/BOARD MEMBER · Highest reported compensation $42K · Total expenses $108K
38%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $74K · Total expenses $108K
68%
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 46%
Overhead ratio 54%
Fundraising cost 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 · funders on record
Grants received · FY2024
Total grants receivedfrom 1 funder$18K

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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
FY2024 (Latest)$263K revenue · viewing · ⤓ 990 PDF
FY2023not on file
FY2022$0 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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