Leaders Branch
- Assets
- $105.4k
- Revenue
- $60.6k
- Investments
- $0.0
- Employees
- 0
- Location
- St Thomas, VI
- Founding
- Data as of
- 12/2022
- EIN
- 66-0933383
Organization Overview
Leaders Branch is located in St Thomas, VI. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Leaders Branch 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, Leaders Branch generated $60.6k in total revenue. All expenses for the organization totaled $46.6k during the year ending 12/2022. While expenses have increased by 119.6% per year over the past 3 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
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
FINANCIAL LITERACY WORKSHOPS FOR TEENS AND YOUNG ADULTS. OVER 150 STUDENTS SERVED TERRITORY WIDE.
CAREER READINESS WORKSHOP FOR TEENS & YOUNG ADULTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kendra Roach President | 25 | $18,000 | |
Kwesi Gumbs Chairman | 3 | $0 | |
Anuska Callwood Treasurer | 1 | $0 | |
Kenza Gumbs Secretary | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $60,594 |
| Interest on Savings | $0 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $60,594 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $18,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $50 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $4,000 |
| Printing and publications | $1,840 |
| Other expenses | $16,290 |
| Total operating and administrative expenses | $41,155 |
| Contributions, gifts, grants paid | $5,400 |
| Total expenses and disbursements | $46,555 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $37,344 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $60,594 |
| Net Pledges Receivable | $0 |
| Grants receivable | $7,500 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $105,438 |
| Accounts payable and accrued expenses | $41,155 |
| Grants payable | $5,400 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $46,555 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Community Foundation Of The Virgin Islands Inc St Thomas, VI | $14,923,448 | $4,268,383 |
Ys Kim Foundation Inc St Thomas, VI | $66,964 | $1,738,105 |
Prior Family Foundation St Thomas, VI | $10,395,201 | $1,045,387 |
Leaders Branch St Thomas, VI | $105,438 | $60,594 |
Sidney Lee Dream Foundation Inc Christiansted, VI | $0 | $0 |
Richard Hill Lambertsen Foundation Christiansted, VI | $38,575 | $567 |
Gratitude America Ltd St Thomas, VI | $8,175,884 | $0 |