Ilead Spring Meadows
- Assets
- $50.0k
- Revenue
- $3.6m
- Investments
- $0.0
- Employees
- 46
- Location
- North Canton, OH
- Founding
- 06/2016
- Data as of
- 06/2023
- EIN
- 81-1826586
Organization Overview
Ilead Spring Meadows is located in North Canton, OH. The organization was established in 2016. According to its NTEE Classification (B25) the organization is classified as: Secondary & High Schools, under the broad grouping of Education and related organizations. As of 06/2023, Ilead Spring Meadows employed 46 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Ilead Spring Meadows 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, Ilead Spring Meadows generated $3.6m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 27.7% each year . All expenses for the organization totaled $3.9m during the year ending 06/2023. While expenses have increased by 18.3% per year over the past 7 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
AT ILEAD WE'VE BUILT A MODEL BASED ON WHAT WE BELIEVE TO BE THE BEST OF ALL THAT IS OUT THERE. WE BELIEVE PASSIONATELY IN PROJECT-BASED LEARNING NOT BECAUSE IT'S A FAD BUT BECAUSE IT GOES TO THE HEART OF HOW KIDS LEARN. WE'VE INCORPORATED TECHNOLOGY NOT AS A SPIFFY ADD-ON BUT AS AN ORGANIC PART OF THE LEARNING PROCESS IN THE 21ST CENTURY. WE VALUE AND ENCOURAGE LEADERSHIP NOT JUST AS A PART OF A CAREER TRACK BUT BY INSTILLING IN EACH LEARNER THE CONFIDENCE AND CHARACTER THAT INSPIRE OTHERS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PASSIVE, LECTURE-BASED SCHOOLS WERE CREATED WHEN THE CLASSROOM CONSISTED OF FOUR WALLS, ROWS OF DESKS PILED WITH TEXTBOOKS, BLACKBOARDS, CHALK AND A TEACHER WHO STOOD IN FRONT OF THE CLASS POURING OUT FACTS AND FIGURES FOR RESTLESS, BORED STUDENTS TO MEMORIZE, BE TESTED ON AND QUICKLY FORGET. ILEAD SCHOOLS ARE BASED ON A NEW PARADIGM: PROJECT-BASED DEEPER LEARNING. AT ILEAD SPRING MEADOWS WE CREATE OPEN, FUN MULTI-AGE K-8 LEARNING ENVIRONMENTS THAT PROMOTE DEEPER UNDERSTANDING AND CELEBRATE INDEPENDENT CRITICAL THINKING, COOPERATION AND THE DEVELOPMENT OF CRUCIAL 21ST CENTURY SKILLS. ILEAD SPRING MEADOWS PROVIDES A DEEP AND LASTING EDUCATIONAL EXPERIENCE THAT PREPARES YOUR LEARNER FOR HIGHER EDUCATION AND LIFELONG SUCCESS!
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Raina Dawson Board Member | Trustee | 1 | $1,125 |
Brian Jones Board Member | Trustee | 1 | $1,125 |
David Shock Board Member | Trustee | 1 | $875 |
Rahni Murphy Board Member | Trustee | 1 | $875 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Rm Ilead Spring Meadows Llc Rent | 6/29/22 | $275,449 |
Marker Learning Network Support Services | 6/29/22 | $207,803 |
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 | $3,608,962 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,608,962 |
| Total Program Service Revenue | $0 |
| 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 | $3,608,962 |
| 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 | $1,339,251 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $350,145 |
| Payroll taxes | $0 |
| Fees for services: Management | $283,144 |
| Fees for services: Legal | $34,845 |
| Fees for services: Accounting | $48,994 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $17,609 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $101,446 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $1,415,206 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $18,300 |
| All other expenses | $37,408 |
| Total functional expenses | $3,871,595 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $49,951 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| 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 | $0 |
| 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 | $49,951 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| Net assets without donor restrictions | $49,951 |
| 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 | $49,951 |