LEAD EDUCATIONAL FOUNDATION

EIN: 872489666 501(c)(3) Education

LUFKIN, TX

Total Revenue
$735,662
Total Expenses
$216,000
Total Assets
$529,760
Net Assets
$529,760
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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year
2021
Legal Domicile
TX
Principal Officer
LAWRENCE OWENS
Phone
9367071564
Tax Period
2022-01-01 to 2022-12-31

LEAD EDUCATIONAL FOUNDATION, founded in 2021, is a small nonprofit in the Education sector that reported $736K in total revenue in fiscal year 2022. The organization ran a surplus of $520K, a strong 71% operating margin.

Mission

PROVIDE EDUCATIONAL ASSISTANCE TO EDUCATIONAL ENTITIES AND STUDENT SCHOLARSHIPS TO NEEDY STUDENTS. TO ASSIST EDUCATIONAL AND MINISTRY ENTITIES WITH FUNDING FOR PROJECTS, EDUCATIONAL TOOLS AND EDUCATIONAL MATERIALS. TO PROVIDE EDUCATIONAL FINANCIAL SUPPORT TO ELIGIBLE NEEDY STUDENTS.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2022)

Revenue Breakdown

Contributions & Grants $671,880
Program Service Revenue $0
Investment Income $0
Other Revenue $63,782
TOTAL REVENUE $735,662

Expense Breakdown

Grants Paid $56,330
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $215,638
Other Expenses $159,670
TOTAL EXPENSES $216,000

Year-over-Year Comparison

2022 2021 Change
Revenue $735,662 N/A N/A
Expenses $216,000 N/A N/A
Net Income $519,662 $0 N/A
Key Indicators
✓ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required
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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

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Governance

Voting Members
3
Independent Members
3
Employees
N/A
Volunteers
30

Governance Policies

✗ Conflict of Interest Policy
✗ Whistleblower Policy
✗ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School
✗ Operated a Hospital
✗ Provided First Class Travel
✗ Reported Conflict of Interest
✗ Reported Asset Diversion
✗ Excess Benefit Transaction
✗ Made Political Expenditures
✗ Engaged in Lobbying
✗ Operated Donor Advised Fund
✗ Maintained Art Collections
✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
3
$0
Total Directors
0
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
LAWRENCE OWENS PREIDENT 4.00
Officer
$0 $0 $0
DEBBIE JACKS TREASURER 2.00
Officer
$0 $0 $0
CHERI COLEMAN SECRETARY 2.00
Officer
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2022 $735,662 $216,000 $529,760 $519,662
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