Leading Change Inc
- Assets
- $128.8k
- Revenue
- $675.4k
- Investments
- $0.0
- Employees
- 3
- Location
- Madison, WI
- Founding
- 09/2015
- Data as of
- 12/2023
- EIN
- 47-1727677
Organization Overview
Leading Change Inc is located in Madison, WI. The organization was established in 2015. According to its NTEE Classification (B12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Education and related organizations. As of 12/2023, Leading Change Inc employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Leading Change Inc 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 12/2023, Leading Change Inc generated $675.4k in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 68.3% each year . All expenses for the organization totaled $658.7k during the year ending 12/2023. While expenses have increased by 65.8% 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
CCOMMITTED TO TRANSFORMING YOUNG AFRICANS INTO LEADERS THROUGH SCHOLARSHIPS, LEADERSHIP TRAINING, AND MENTORING AT AFRICAN AND US UNIVERSITIES. OPERATING UNDER THE 20 TO 80% RULE, 80% OF OUR STUDENTS FOCUS ON BUILDING THEIR FUTURES ON THE AFRICAN CONTINENT, FOSTERING GROWTH, PROGRESS, AND SUSTAINABLE DEVELOPMENT. OUR FLAGSHIP INITIATIVES, LEADING CHANGE AFRICA'S LEADERSHIP ACADEMY AND COLLEGE PREPARATORY PROGRAM, EMPOWER HIGH SCHOOL STUDENTS WITH ESSENTIAL SKILLS FOR LEADERSHIP, ENTREPRENEURSHIP, AND GLOBAL CITIZENSHIP. THROUGH A MULTI-YEAR, COMPREHENSIVE EXPERIENCE, STUDENTS ENGAGE IN IN-PERSON AND ONLINE TRAINING, ENHANCING ENGLISH PROFICIENCY, LEADERSHIP ABILITIES, AND ENTREPRENEURSHIP KNOWLEDGE. THE PROGRAM'S ULTIMATE GOAL IS TO PREPARE STUDENTS FOR ADMISSIONS AND SCHOLARSHIPS IN PRESTIGIOUS GLOBAL UNIVERSITIES, ENCOURAGING THEM TO MAKE POSITIVE IMPACTS IN THEIR LOCAL AND GLOBAL COMMUNITIES. THIS APPROACH REFLECTS OUR UNWAVERING COMMITMENT TO AFRICA'S ADVANCEMENT, RECOGNIZING THE P
Describe the Organization's Program Activity:
Part 3 - Line 4a
ADMINISTRATION OF US SCHOLARS PROGRAM. AFRICAN LEADERS ARE PREPARED FOR STUDY AT US UNIVERSITIES, ENROLLED AT WESLI TO DEVELOP ENGLISH LANGUAGE SKILLS, THEN TRANSFERRED TO MADISON COLLEGE FOR GENERAL COLLEGE STUDIES BEFORE TRANSITIONING TO A MAJOR UNIVERSITY. STUDENTS RECEIVE REGULAR LEADERSHIP TRAINING, MENTORING, AND NETWORKING OPPORTUNITIES THROUGHOUT THEIR STUDIES.
EXCEPTIONAL AFRICAN HIGH SCHOOL GRADUATES ARE PUT THROUGH AN INTENSE LEADERSHIP DEVELOPMENT CURRICULUM IN BURKINA FASO. SOME STUDENTS THEN RECEIVE US SCHOLARSHIPS, OTHERS CONTINUE UNIVERSITY STUDIES IN BURKINA FASO, OR WITHIN ANOTHER AFRICAN UNIVERSITY.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ousmane Kabre Director, Ce | Trustee | 15 | $0 |
Matthew Schneider Director | Trustee | 5 | $0 |
Jennifer Phillips Director | Trustee | 5 | $0 |
Michelle Possin Director | Trustee | 5 | $0 |
Sharon Reed Director | Trustee | 5 | $0 |
Kristen Fuhremann Director | Trustee | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $175,000 |
| All other contributions, gifts, grants, and similar amounts not included above | $492,399 |
| Noncash contributions included in lines 1a–1f | $273,721 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $667,399 |
| Total Program Service Revenue | $0 |
| Investment income | $863 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $2,900 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $675,433 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $27,323 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $4,133 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $3,960 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $1,785 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $727 |
| Office expenses | $986 |
| Information technology | $16,551 |
| Royalties | $0 |
| Occupancy | $22,369 |
| Travel | $34,256 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $2,375 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $2,053 |
| Insurance | $0 |
| All other expenses | $84,504 |
| Total functional expenses | $658,657 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $37,993 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $81,694 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $6,000 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $3,080 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $128,767 |
| Accounts payable and accrued expenses | $47,160 |
| 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 | $0 |
| Total liabilities | $47,160 |
| Net assets without donor restrictions | $0 |
| 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 | $81,607 |
| Total liabilities and net assets/fund balances | $128,767 |