Leader Labs Inc
- Assets
- $89.4k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Cleveland, TN
- Founding
- 03/2005
- Data as of
- 12/2021
- EIN
- 90-0168237
Organization Overview
Leader Labs Inc is located in Cleveland, TN. The organization was established in 2005. According to its NTEE Classification (B99) the organization is classified as: Education N.E.C., under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Leader Labs 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 12/2021, Leader Labs Inc generated $168.7k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (10.9%) each year. All expenses for the organization totaled $148.8k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3
WE PROVIDE NON-PROFIT LEADERS WITH TRAINING CLASSES FOR BOTH THEMSELVES AND THEIR STAFF AND VOLUNTEERS. THIS TYPE OF TRAINING IS OFTEN OUT OF THE REACH OF NON-PROFIT ORGANIZATIONS DUE TO FINANCES. IN 2020 WE SERVED 590 LEADERS WITH 515 GRADUATES IN OUR LEADERSHIP PROGRAMS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Fred Garmon Executive Director | 40 | $0 | |
Phillip Thompson Chairman | 1 | $0 | |
Randy Eaton Board Member | 1 | $0 | |
Shirley Garmon Secretary | 40 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $151,743 |
| Total Program Service Revenue | $6,424 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $10,500 |
| Total Revenue | $168,667 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $12,239 |
| Professional fees and other payments to independent contractors | $0 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $4,293 |
| Other expenses | $132,220 |
| Total expenses | $148,752 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $44,386 |
| Other assets | $0 |
| Total assets | $89,417 |
| Total liabilities | $34,978 |
| Net assets or fund balances | $54,439 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Leader Labs Inc has recieved totaling $16.
| Awarding Organization | Amount |
|---|---|
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $16 |
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