Lfe Leaders Inc
Nonprofit profile at a glance
- EIN
- 832198567
- IRS 990 coverage
- 2019–2024
- Forms available
- Form 990 2024, Form 990-N 2018
- Location
- Detroit, MI, USA
- Phone
- 3136232405
- Rating
- 71
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
- Sector
- Human Service Organizations
Reported finances
- Revenue
- $519,240
- Expenses
- $374,391
- Assets
- $204,685
- Liabilities
- $112,549
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
14 people listed
Highest reported compensation
- MARIA FRANKLIN (EXECUTIVE DI): $83,345 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
Lfe leaders, inc. Is a leadership and career development program that uses business skill training to help teens and young adults find their voice, establish goals, and action plans for achievement.
What it reported doing in 2024
Lfe leaders, inc. Youth leadership, career development and skilled workforce training programs have reached over 200 youth throughout detroit through its training, peer-to-peer workshops, and inaugural youth summit conference. Lfe has partnered uaw-ford, strategic staffing solutions, grow detroit's young talent, mike ilitch school of business, cass technical high school, tindal activity center, say detroit play center, university of Michigan's doctors of tomorrow program at cass technical high school, the city of detroit, deloitte, doner, and many other organizations and companies throughout detroit. Lfe's students' work has led to funding for a community partner, meetings with city leaders to be directly involved in the conversations impacting detroit's revitalization, being the lead Michigan partner for a national youth civics organization, planning youth summit conference 2020 hosted by mike ilitch school of business - wayne state university, producing a high-profile fundraising event suicide prevention training in detroit, and youth taking responsibility for their futures, and the future of their city.
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.
- Includes noncash contributions: Reported contributions include donated property or goods.
The verdict
SUPPORTED - The filed numbers largely add up and most voting board members are independent. A relatively small share of available resources goes toward mission work and some filing-based governance responses are negative or unanswered.
Rating breakdown
- Financial Efficiency: 55
- Transparency & Controls: 92
- Accountability: 69
- Sustainability: 49
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 51.1%; rating input score 51
- Program expense ratio: 70.9%; rating input score 71
- Fundraising efficiency: $7.02 raised per $1 spent on fundraising; rating input score 27; 27th percentile among comparable filings
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
- Pay-setting controls: Limited
- Foreign activity oversight: Limited
- Grant itemization coverage: Limited
- Major donor itemization: Yes; rating input score 100
- Related-party transparency: Limited
Accountability
- Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
- Governance controls: 2 of 8 controls in place; rating input score 25
- Conflict-of-interest policy: Fail
- Whistleblower policy: Fail
- Document-retention policy: Fail
- CEO compensation review process: NotApplicable
- Other executive compensation review process: Fail
- Form 990 shared with the board: Fail
- Board meeting minutes documented: Pass
- Audit committee oversight: Fail
- Independent financial-statement audit: Pass
Sustainability
- Operating margin: 27.9%; rating input score 83; 83rd percentile among comparable filings
- Total-asset coverage ratio: 0.55; rating input score 25; 25th percentile among comparable filings
- Liabilities to assets ratio: 0.55; rating input score 14; 14th percentile among comparable filings
- Officer compensation ratio: 22.3%; rating input score 12; 12th percentile among comparable filings
Growth
- Program expense growth: 8.2% per year; rating input score 100; 56th percentile among comparable filings
- Revenue growth: 11.5% per year; rating input score 100; 71st percentile among comparable filings
- Asset growth: 16.9% per year; rating input score 100; 76th percentile among comparable filings
Details
- Where the money goes: 51.1% of revenue deployed · 70.9% of spending went to programs
- Governance: 13 of 13 board members independent · 2 of 8 filing controls reported
- Programs: 1 filed program accomplishment · $265K in reported program spending
- Leadership: top reported pay $83K · 14 people listed
- Consistency: 26 of 26 current checks pass
- Schedules: 5 filed schedules · includes major donors
- Filing history: 5 filing years from 2019 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 51/100.
- High — Accountability: Governance controls: 6 of 8 not reported.
- High — Financial Efficiency: Fundraising efficiency scored 27/100.
- High — Sustainability: Total-asset coverage ratio scored 25/100.
- High — Sustainability: Officer compensation ratio scored 12/100.
- High — Sustainability: Liabilities to assets ratio scored 14/100.