Leadership For Educational Equity
- Assets
- $8.7m
- Revenue
- $32.6m
- Investments
- $0.0
- Employees
- 247
- Location
- New York, NY
- Founding
- 04/2018
- Data as of
- 12/2021
- EIN
- 20-8848357
Organization Overview
Leadership For Educational Equity is located in New York, NY. The organization was established in 2018. According to its NTEE Classification (B90) the organization is classified as: Educational Services, under the broad grouping of Education and related organizations. As of 12/2021, Leadership For Educational Equity employed 247 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Leadership For Educational Equity is a 501(c)(4) and as such, is described as a "Civic League, Social Welfare Organization, and Local Association of Employees" by the IRS.
For the year ending 12/2021, Leadership For Educational Equity generated $32.6m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 13.6% each year . All expenses for the organization totaled $28.6m during the year ending 12/2021. While expenses have increased by 1.1% per year over the past 6 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE ORGANIZATION'S MISSION IS TO DEVELOP THE LEADERSHIP OF LEE MEMBERS TO REALIZE HIGH IMPACT CAREERS IN PUBLIC LEADERSHIP BY: (1) EDUCATING LEE MEMBERS ABOUT POLICY, ADVOCACY, AND POLITICAL LANDSCAPE IN THEIR COMMUNITIES AND IN THE NATION, SO THEY ARE INSPIRED AND READY TO PARTICIPATE CIVICALLY TO END EDUCATIONAL INEQUITY; (2) EQUIPPING LEE MEMBERS WITH THE SKILLS, RESOURCES, AND EXPERIENCES TO SUCCESSFULLY PURSUE PUBLIC LEADERSHIP POSITIONS TO BRING ABOUT EDUCATIONAL EQUITY; (3) HELPING LEE MEMBERS BECOME HIGHLY EFFECTIVE CHANGE AGENTS FOR EDUCATIONAL EQUITY ONCE IN POSITIONS OF LEADERSHIP; AND (4) FOSTERING A THRIVING LEE COMMUNITY IN WHICH MEMBERS SUPPORT ONE ANOTHER IN PURSUING PUBLIC LEADERSHIP AND ACTIVELY ENGAGE IN CIVIC MATTERS TO BRING ABOUT EDUCATIONAL EQUITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
LEADERSHIP DEVELOPMENT: LEE DEVELOPS LEE MEMBERS TO ENGAGE CIVICALLY WITHIN THEIR COMMUNITIES AND ACROSS THE NATION TO ENSURE EVERY CHILD HAS THE OPPORTUNITY TO ATTAIN AN EXCELLENT EDUCATION. LEE IS A SOURCE OF LEADERS WHO: 1. BELIEVE DEEPLY IN THE POTENTIAL OF ALL CHILDREN 2. WORK TO OVERCOME RACIAL AND ECONOMIC BARRIERS THAT PERPETUATE EDUCATIONAL INEQUITY. LEE HELPS MEMBERS REALIZE THEIR LEADERSHIP POTENTIAL SO THAT STUDENTS EVERYWHERE HAVE THE OPPORTUNITY TO REALIZE THEIRS. LEE STRIVES TO INSPIRE OUR MEMBERS TO WORK WITH FAMILIES, SCHOOLS, AND COMMUNITIES TO END EDUCATIONAL INEQUITY. LEE ACCOMPLISHES THESE GOALS BY LEADING TRAININGS AND FELLOWSHIPS TO RAISE AWARENESS ABOUT AND PROVIDE SKILLS AND TRAINING DESIGNED TO FURTHER EDUCATIONAL EQUITY. A SIGNIFICANT PORTION OF THOSE TRAINING AND FELLOWSHIPS GRANTED IS CHARITABLE AND EDUCATIONAL, AS THOSE TERMS ARE DEFINED IN SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Michael Buman Executive Director/director | OfficerTrustee | 40 | $405,219 |
Sarah K Mclean Senior Vice President, Partnerships & Infrastructu | Officer | 40 | $204,321 |
Sheryl Leo Vice President, Talent, Learning, & Culture | Officer | 40 | $179,692 |
Steven Osvaldo Francisco Vice President, Technology | Officer | 40 | $171,236 |
Mildred Otero Senior Vice President, National Impact | Officer | 40 | $169,759 |
Christine Green Vice President, General Counsel; Sec/treas | Officer | 40 | $167,573 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Teach For America Rsa | 12/30/21 | $459,066 |
The Urban Leaders Fellowship Fellowship Provider | 12/30/21 | $191,500 |
Rally Communication Services | 12/30/21 | $138,345 |
Design Data Systems Inc It/consultant | 12/30/21 | $493,891 |
Elevate Lp On Demand Advisory | 12/30/21 | $198,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $26,094,206 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $4,416,383 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $30,510,589 |
| Total Program Service Revenue | $2,071,862 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $32,582,451 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $2,966,561 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $1,914,405 |
| Compensation of current officers, directors, key employees. | $248,262 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $15,109,179 |
| Pension plan accruals and contributions | $522,100 |
| Other employee benefits | $1,654,864 |
| Payroll taxes | $1,307,184 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $212,206 |
| Fees for services: Accounting | $44,199 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $2,218,972 |
| Advertising and promotion | $68,433 |
| Office expenses | $1,367,724 |
| Information technology | $323,446 |
| Royalties | $0 |
| Occupancy | $305,068 |
| Travel | $196,063 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $29,172 |
| All other expenses | $283,798 |
| Total functional expenses | $28,557,375 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $7,125,768 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $248,400 |
| Accounts receivable, net | $330,223 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $315,906 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $715,897 |
| Total assets | $8,736,194 |
| Accounts payable and accrued expenses | $2,472,191 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $1,182,738 |
| Total liabilities | $3,654,929 |
| Net assets without donor restrictions | $5,081,265 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $8,736,194 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Leadership For Educational Equity has recieved totaling $400,000.
| Awarding Organization | Amount |
|---|---|
Memphis Education Fund Inc Memphis, TN PURPOSE: EDUCATIONAL SUPPORT | $400,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Lawschool Admissions Council Inc Newtown, PA | $258,854,616 | $78,237,863 |
Uncommon Schools Inc New York, NY | $293,550,038 | $84,601,875 |
Educational Commission For Foreign Medical Graduates Philadelphia, PA | $218,692,756 | $72,786,979 |
Amsterdam House Continuing Care Retirement Community Inc Port Washington, NY | $223,728,704 | $36,044,280 |
Sponsors For Educational Opportunity Inc New York, NY | $71,324,699 | $43,724,114 |
The Achievement Network Ltd Boston, MA | $23,559,572 | $30,118,976 |
Leadership For Educational Equity New York, NY | $8,736,194 | $32,582,451 |
Foundation For City College New York, NY | $332,549,861 | $102,453,904 |
Saga Innovations Framingham, MA | $30,229,601 | $39,236,690 |
Transcend Inc Hastingsonhudson, NY | $40,245,682 | $36,384,149 |
The Baruch College Fund New York, NY | $295,690,612 | $67,294,185 |
Collier Services Wickatunk, NJ | $8,471,748 | $15,685,679 |