LEAD Public Schools, Inc.
Fiscal Year
Fiscal Year Start
07/01/2023
Fiscal Year End
06/30/2024
Projected Revenue
$53,431,707.00
Projected Expenses
$49,603,456.00
Organizational Budgets and Other Documents
| 2022-23 Budget | 2023 |
| 2021 - 2022 Budget | 2022 |
| 2020-2021 Budget | 2021 |
| 2019-2020 Budget | 2020 |
| 2018-2019 Budget | 2019 |
| 2016-2017 Budget | 2017 |
| 2015-2016 Budget | 2016 |
| LEAD Public Schools FY 14 Budget | 2014 |
| LEAD Academy 2010/2011 budget | 2011 |
| LEAD Name Change Information | 2010 |
IRS Letter of Exemption
| lead academy irs ltr |
Detailed Financials
Revenue and Expenses
| Fiscal Year | 2022 | 2021 | 2020 |
|---|---|---|---|
| Total Revenue | $52,206,992.00 | $42,742,487.00 | $31,670,055.00 |
| Total Expenses | $40,865,536.00 | $34,529,503.00 | $30,905,845.00 |
| Revenue Less Expenses | $11,341,456.00 | $8,212,984.00 | $764,210.00 |
Revenue Sources
| Fiscal Year | 2022 | 2021 | 2020 |
|---|---|---|---|
| Foundation and Corporation Contributions | $0.00 | $0.00 | $0.00 |
| Government - Federal | $0.00 | $0.00 | $0.00 |
| Government - State | $0.00 | $0.00 | $0.00 |
| Government - Local | $0.00 | $0.00 | $0.00 |
| Government - Unspecified | $51,149,171.00 | $41,959,745.00 | $30,607,134.00 |
| Contributions, Gifts, and Grants | $997,152.00 | $675,618.00 | $853,522.00 |
| Indirect Public Support | $0.00 | $0.00 | $0.00 |
| Earned Revenue | $-22,151.00 | $35,287.00 | $158,815.00 |
| Investment Income, Net of Losses | $35,401.00 | $27,952.00 | $2,852.00 |
| Membership Dues | $0.00 | $0.00 | $0.00 |
| Special Events | $0.00 | $0.00 | $0.00 |
| Revenue In-Kind | $0.00 | $34,510.00 | $25,000.00 |
| Other | $47,419.00 | $9,375.00 | $22,732.00 |
Expense Allocation
| Fiscal Year | 2022 | 2021 | 2020 |
|---|---|---|---|
| Program Expense | $37,665,009.00 | $30,610,836.00 | $27,901,797.00 |
| Administration Expense | $2,829,890.00 | $3,644,565.00 | $2,811,576.00 |
| Fundraising Expense | $370,637.00 | $274,102.00 | $192,472.00 |
| Total Revenue/Total Expenses | 128% | 124% | 102% |
| Program Expense/Total Expenses | 92% | 89% | 90% |
| Fundraising Expense/Contributed Revenue | 1% | 1% | 1% |
Top Funding Sources
| Fiscal Year | 2022 | 2021 | 2020 |
|---|---|---|---|
| Top Funding Source & Dollar Amount | Government Grants $51,149,171.00 | Government Grants $41,959,745.00 | Government Grants $30,607,134.00 |
| Second Highest Funding Source & Dollar Amount | Contributions, Gifts, and Grants $997,152.00 | Contributions, Gifts, Grants $675,618.00 | Contributions, Gifts and Grants $853,522.00 |
| Third Highest Funding Source & Dollar Amount | Other Revenue $47,419.00 | Noncash Contributions $34,510.00 | Program Revenue $158,815.00 |
Assets and Liabilities
| Fiscal Year | 2022 | 2021 | 2020 |
|---|---|---|---|
| Total Assets | $34,734,770.00 | $24,033,254.00 | $15,282,672.00 |
| Current Assets | $22,999,932.00 | $15,839,291.00 | $7,374,501.00 |
| Long-Term Liabilities | $4,354,200.00 | $5,837,961.00 | $5,858,578.00 |
| Current Liabilities | $3,230,026.00 | $2,386,205.00 | $2,164,208.00 |
| Total Net Assets | $27,150,544.00 | $15,809,088.00 | $7,259,886.00 |
Endowment Info
Do you have an endowment?
No
Capital Campaign Info
Are you currently in a Capital Campaign?
No
Do you anticipate a campaign in the next 5 years?
Yes
Solicitation Permit Info
State Charitable Solicitations Permit
Exempt
Form 990s
| Form 990 | 2022 |
| Form 990 | 2021 |
| Form 990 | 2020 |
| Form 990 | 2019 |
| Form 990 | 2018 |
| Form 990 | 2017 |
| Form 990 | 2016 |
| Form 990 | 2015 |
| Form 990 | 2014 |
| LEAD Public Schools 2013 Form 990 | 2013 |
| LEAD Academy 2012 Form 990 | 2012 |
| LEAD Academy 2011 Form 990 | 2011 |
| LEAD Academy 2010 Form 990 | 2010 |
| LEAD Academy 2009 Form 990 | 2009 |
| lead academy 2008 990 | 2008 |
| lead academy 2007 990 | 2007 |
| lead academy 2006 990 | 2006 |
Audit Documents
Foundation Staff Comments
| Financials taken from the 990. Financial documents prepared by Cherry Bekaert LLP. Comment provided by Hayley Sulfridge 7/18/23. |
