Lead Program In Business
- Assets
- $827.6k
- Revenue
- $1.5m
- Investments
- $0.0
- Employees
- 99
- Location
- Atlanta, GA
- Founding
- 09/1980
- Data as of
- 12/2022
- EIN
- 23-2139831
Organization Overview
Lead Program In Business is located in Atlanta, GA. The organization was established in 1980. According to its NTEE Classification (S41) the organization is classified as: Chambers of Commerce & Business Leagues, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 12/2022, Lead Program In Business employed 99 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Lead Program In Business is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2022, Lead Program In Business generated $1.5m in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 18.7% each year . All expenses for the organization totaled $1.4m during the year ending 12/2022. While expenses have increased by 20.9% per year over the past 4 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE MISSION IS TO ADDRESS HIGHER EDUCATION ACCESS AND CAREER PREPARATION BY OPTIMIZING CROSS-SECTOR COLLABORATIONS AND GLOBAL PARTNERSHIPS THAT FOCUS ON IDENTIFIYING AND NURTURING HIGH POTENTIAL YOUTH OF DIVERSE BACKGROUNDS BY DEVELOPING THEM INTO HIGH ACHIEVERS AND RESPONSONSIBLE LEADERS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SUMMER UNIVERSITY & COLLEGE INSTITUTES AND PROGRAMS FOR HIGH SCHOOL STUDENTS. THESE PROGRAMS AND INSTITUTES WERE HELD ON A VARIETY OF COLLEGE CAMPUSES AND WERE SUCCESSFUL IN INTRODUCING THE STUDENTS TO COMPUTER SCIENCE, ENGINEERING AND BUSINESS. EACH PROGRAM OR INSTITUTE WAS 2 OR 3 WEEKS LONG AND PROVIDED A COMPREHENSIVE EXPOSURE, IN A PARTICULAR DISCIPLINE, TO A DIVERSE GROUP OF HIGH SCHOOL STUDENTS WHO OTHERWISE MAY NEVER HAVE HAD SUCH AN OPPORTUNITY BEFORE GRADUATING FROM HIGH SCHOOL.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Lawrence M Drake II President & CEO | OfficerTrustee | 55 | $257,904 |
Michele Pickett Key Employee | Officer | 20 | $44,982 |
James Pickett Board Member | Trustee | 0 | $0 |
Maxine Coleman Secretary | Trustee | 0 | $0 |
Milton Irvine Board Chairman | Trustee | 0 | $0 |
Julie Staggs Board Member | Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $989,545 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $989,545 |
| Total Program Service Revenue | $490,755 |
| 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 | $1,480,300 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $257,904 |
| Compensation of current officers, directors, key employees. | $12,895 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $131,751 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $3,531 |
| Payroll taxes | $23,436 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $17,551 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $318,557 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $4,200 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $174,666 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $31,600 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $1,943 |
| All other expenses | $108,163 |
| Total functional expenses | $1,373,185 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $823,898 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $871 |
| 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 | $0 |
| Net Land, buildings, and equipment | $2,864 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $827,633 |
| Accounts payable and accrued expenses | $33,998 |
| 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 | $96,329 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $177,840 |
| Other liabilities | $0 |
| Total liabilities | $308,167 |
| Net assets without donor restrictions | $519,466 |
| 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 | $827,633 |