Leadership Metro Richmond Inc
- Assets
- $306.9k
- Revenue
- $669.8k
- Investments
- $0.0
- Employees
- 7
- Location
- Richmond, VA
- Founding
- 07/2001
- Data as of
- 06/2023
- EIN
- 54-2041993
Organization Overview
Leadership Metro Richmond Inc is located in Richmond, VA. The organization was established in 2001. According to its NTEE Classification (S03) the organization is classified as: Professional Societies & Associations, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 06/2023, Leadership Metro Richmond Inc employed 7 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Leadership Metro Richmond 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 06/2023, Leadership Metro Richmond Inc generated $669.8k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 1.1% each year. All expenses for the organization totaled $778.7k during the year ending 06/2023. While expenses have increased by 3.3% per year over the past 8 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
LEADERSHIP METRO RICHMOND IS A COMMUNITY LEADERSHIP DEVELOPMENT AND ENGAGEMENT ORGANIZATION WITH A MISSION TO CONNECT AND EDUCATE DIVERSE GROUPS OF COMMUNITY LEADERS, INSPIRING THEM TO SERVE THE GREATER RICHMOND REGION. OUR FLAGSHIP PROGRAM, LEADERSHIP QUEST, PROVIDES A POWERFUL 10- MONTH EXPERIENCE THAT GOES BEYOND PROFESSIONAL DEVELOPMENT TO DEVELOP LEADERS WHO HAVE THE DESIRE TO SERVE AND THE ABILITY TO LEAD. UPON COMPLETION OF THIS PROGRAM, GRADUATES BECOME PART OF A NETWORK OF OVER 2000 LEADERS WHO WORK TO AFFECT CHANGE FOR THE BETTERMENT OF THE COMMUNITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
LEADERSHIP QUEST EDUCATES, ENERGIZES AND CONNECTS THE REGION'S ESTABLISHED AND EMERGING LEADERS THROUGH AN INNOVATIVE CURRICULUM CENTERED ON FOCUSED EXAMINATION OF THE KEY ISSUES FACING OUR COMMUNITY WHILE DEVELOPING ADVANCED LEADERSHIP CAPACITIES. THE 10-MONTH PROGRAM COMBINES RETREATS, DEVELOPMENT SEMINARS AND GROUP FIELD WORK TO CREATE A UNIQUE MIX OF INTELLECTUAL, PROFESSIONAL AND PERSONAL DEVELOPMENT SESSIONS DESIGNED TO BROADEN THE DEEPER PERSPECTIVE AND UNDERSTANDING OF THE RICHMOND REGION AND ITS COMPLEX ISSUES. OVER THE PAST 42 YEARS THE PROGRAM HAS HAD OVER 2000 GRADUATES.
LEADERSHIP METRO RICHMOND PROVIDES A VARIETY OF OTHER PROGRAMS FOR THE BENEFIT OF THE RICHMOND METROPOLITAN AREA.
LMR'S COMMUNITY ENGAGEMENT PROGRAMS, INCLUDING THE BOARD GOVERNANCE WORKSHOP SERIES, FOCUS ON PRACTICAL KNOWLEDGE OF TOPICS AS WELL AS HOW TO CONNECT TO BOARD AND COMMUNITY SERVICE OPPORTUNITIES THAT STRENGTHEN COMMUNITY LEADERSHIP AND THE GREATER RICHMOND REGION.
LMR'S BOARD ENGAGEMENT PROGRAM, INCLUDING INDIVIDUAL CONSULTING VIA OUR BOARD CONCIERGE SERVICE & OUR BI-ANNUAL BOARD CONNECTOR EVENT, FOSTERS INCREASED CIVIC ENGAGEMENT ACROSS ALL SECTORS AND ADVANCES EQUITY IN LEADERSHIP THROUGH BOARD SERVICE. WE HELP CONNECT COMMUNITY LEADERS WITH MISSION-DRIVEN ORGANIZATIONS ON AREAS OF INTEREST, SKILLS, AND EXPERTISE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Myra Goodman Smith President & | Officer | 50 | $113,300 |
Christopher Accashian Director | Trustee | 0.25 | $0 |
Robin Brewster Director | Trustee | 0.25 | $0 |
Jeff Conley Director | Trustee | 0.25 | $0 |
Rasheeda Creighton Chair | OfficerTrustee | 0.5 | $0 |
Stephen Davenport Director | Trustee | 0.25 | $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 | $370,254 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $370,254 |
| Total Program Service Revenue | $299,585 |
| 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 | $669,839 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $13,800 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $151,553 |
| Compensation of current officers, directors, key employees. | $7,578 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $272,708 |
| Pension plan accruals and contributions | $6,293 |
| Other employee benefits | $41,378 |
| Payroll taxes | $28,730 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $16,275 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $39,369 |
| Advertising and promotion | $98 |
| Office expenses | $26,899 |
| Information technology | $47,932 |
| Royalties | $0 |
| Occupancy | $19,979 |
| Travel | $27,143 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $60 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $3,105 |
| Insurance | $2,950 |
| All other expenses | $0 |
| Total functional expenses | $778,706 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $263,613 |
| Pledges and grants receivable | $36,250 |
| Accounts receivable, net | $0 |
| 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 | $7,077 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $306,940 |
| Accounts payable and accrued expenses | $55,163 |
| Grants payable | $0 |
| Deferred revenue | $21,800 |
| 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 | $76,963 |
| Net assets without donor restrictions | $188,727 |
| Net assets with donor restrictions | $41,250 |
| 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 | $306,940 |