Lead Africa
- Assets
- $1.0m
- Revenue
- $1.6m
- Investments
- $0.0
- Employees
- 2
- Location
- New York, NY
- Founding
- 04/2019
- Data as of
- 12/2022
- EIN
- 83-1204471
Organization Overview
Lead Africa, operating under the name LEAD Edu, is located in New York, NY. The organization was established in 2019. According to its NTEE Classification (B99) the organization is classified as: Education N.E.C., under the broad grouping of Education and related organizations. As of 12/2022, LEAD Edu employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. LEAD Edu 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 Edu generated $1.6m in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 47.7% each year . All expenses for the organization totaled $650.7k during the year ending 12/2022. While expenses have increased by 32.2% 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
LEAD EDU'S MISSION IS TO ESTABLISH SUPPORT AND GROW PROGRAMS THAT EMPOWER FUTURE LEADERS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
LEAD HUBS FINANCIAL SUPPORT - LEAD SUPPORTS LEADERSHIP HUBS THAT COMBINE HIGH-QUALITY EDUCATION ELITE SPORT TRAINING GOOD NUTRITION HEALTHCARE AND LIFE SKILLS TO EMPOWER FUTURE LEADERS. IN 2021 LEAD MADE GRANTS TO TWO HUBS: LEAD MONROVIA FOOTBALL ACADEMY IN MONROVIA LIBERIA EST. 2015 AND LEAD MOROCCO IN EL MANSOURIA BENSLIMANE MOROCCO EST. 2019. LEAD PROVIDED $377,611 OF SUPPORT TO LEAD MONROVIA FOOTBALL ACADEMY AND $142,500 TO LEAD MOROCCO.
LEAD HUBS OPERATIONAL SUPPORT - LEAD STAFF PROVIDE OPERATIONAL SUPPORT TO GRANTEE ORGANIZATIONS ACCESS TO A NETWORK OF GLOBAL PARTNERS A PLATFORM FOR KNOWLEDGE SHARING AMONG LEAD HUBS AND THE SUPPLY OF STANDARDIZED HUB POLICIES.
LEAD HUBS IMPACT EVALUATION - EVERY YEAR LEAD HUBS WELCOME INDEPENDENT RESEARCHERS TO IMPLEMENT A QUANTITATIVE EVALUATION THAT ASSESSES OUR ACADEMIES' IMPACT ON STUDENTS' LEADERSHIP POTENTIAL. IN ADDITION LEAD HUBS CONDUCT ANNUAL PARENT AND STUDENT SURVEYS TO MAINTAIN UP-TO-DATE INTERNAL DATA.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Will Smith Executive Director | OfficerTrustee | 40 | $48,000 |
Graham Albert Founding Board Member | Trustee | 1 | $0 |
Imad Izemrane Founding Board Member | Trustee | 1 | $0 |
Nomndeni Mdakhi Founding Board Member | Trustee | 1 | $0 |
Steve Miller Board Member | Trustee | 1 | $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 | $1,570,170 |
| Noncash contributions included in lines 1a–1f | $10,065 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,570,170 |
| Total Program Service Revenue | $0 |
| Investment income | $226 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$220 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,570,176 |
| 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 | $520,111 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $60,714 |
| Compensation of current officers, directors, key employees. | $20,238 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $6,940 |
| Fees for services: Management | $17,200 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $8,100 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $13,378 |
| Advertising and promotion | $5,703 |
| Office expenses | $4,744 |
| Information technology | $4,096 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $9,748 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $650,734 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,012,226 |
| 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 | $1,012,226 |
| Accounts payable and accrued expenses | $5,044 |
| 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 | $5,044 |
| Net assets without donor restrictions | $1,007,182 |
| 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 | $1,012,226 |