Leadership in Financial Education Inc

Nonprofit profile at a glance

EIN
931766695
IRS 990-EZ coverage
2023–2024
Forms available
Form 990-EZ 2024
Location
New York, NY, USA
Phone
2129671100
Rating
85
Verdict
STRONG
Rating confidence
Moderate
Sector
Educational Services and Schools - Other

Reported finances

Revenue
$50,275
Expenses
$30,182
Assets
$49,529
Liabilities
$0

Source: IRS Form 990-EZ. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

11 people listed

People named in this filing

  • STEPHEN HESSLER (CHAIR)
  • PATRICK VENTER (VICE CHAIR)
  • JAMES GURNEY (DIRECTOR)

Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.

Source: IRS Form 990-EZ. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

Leadership in financial education (life) provides aspiring youth from under-represented and under-resourced communities with experiential training workshops designed to encourage life-long financial responsibility. Life collaborates with New York city business professionals to facilitate its financial teachings and encourages professional growth through internships. Life participants gain skills and knowledge to equip them to make sound financial decisions which will positively impact their present-day success as well as the livelihood of future generations

What it reported doing in 2024

The life workshop series for high school juniors and seniors spans six financial literacy topics over the course of a school semester. Each workshop features a topic-focused financial literacy lesson which is reinforced by activities and discussion.

Operating model

Revenue model
Donor-supported. 100% of the money available for current operations came from contributions and gifts.
Distribution model
Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.

The verdict

STRONG - The filed numbers largely add up and a large share of total spending goes to programs. A relatively small share of available resources goes toward mission work and reported officer compensation is a large share of total spending, which may reflect staffing concentration.

Rating breakdown

  • Financial Efficiency: 73
  • Transparency & Controls: 100
  • Sustainability: 67
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 58%; rating input score 58
  • Program expense ratio: 96.7%; rating input score 97

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 52nd percentile among comparable filings
  • Major donor itemization: Yes; rating input score 100

Sustainability

  • Operating margin: 40%; rating input score 87; 87th percentile among comparable filings
  • Total-asset coverage ratio: 1.64; rating input score 60; 60th percentile among comparable filings
  • Liabilities to assets ratio: 0; rating input score 68; 68th percentile among comparable filings
  • Officer compensation ratio: 94.1%; rating input score 0; 0th percentile among comparable filings

Growth

  • Program expense growth: 38.9% per year; rating input score 100; 90th percentile among comparable filings
  • Revenue growth: 0.5% per year; rating input score 100; 54th percentile among comparable filings
  • Asset growth: 50.9% per year; rating input score 100; 96th percentile among comparable filings

Details

  • Where the money goes: 58% of revenue deployed · 96.7% of spending went to programs
  • Governance: Filed governance answers
  • Accomplishments: 1 filed program accomplishment · $29K in reported program spending
  • Leadership: top reported pay $0 · 11 people listed
  • Consistency: 8 of 8 current checks pass
  • Schedules: 3 filed schedules
  • Filing history: 2 filing years from 2023 to 2024
  • Contacts: How to reach this organization
  • Money network: 2 filed money-flow records
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • Review — Financial Efficiency: Mission deployment rate scored 58/100.
  • High — Sustainability: Officer compensation ratio scored 0/100.