Leadership Institute Inc in Lubbock, Texas (TX)

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Leadership Institute Inc
Employer Identification Number (EIN)751887746
Name of OrganizationLeadership Institute Inc
Address11712 Topeka Ave, Lubbock, TX 79424-7646
ActivitiesMissionary activities
SubsectionCharitable Organization
Ruling Date08/1983
DeductibilityContributions are deductible
FoundationOrganization which receives a substantial part of its support from a governmental unit or the general public
Exempt Organization StatusUnconditional Exemption
Tax Period12/2011
Assets$100,000 to $499,999
Income$100,000 to $499,999
Filing Requirement990 (all other) or 990EZ return
Asset Amount$267,605
Amount of Income$248,838
Form 990 Revenue Amount$74,069

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Financial snapshot ($)

Revenue for 2011

Functional expenses for 2011

Support schedule

Statements Regarding Other IRS Filings and Tax Compliance (for 2011)
Did the organization have unrelated business gross income of $1,000 or more during the year?No
Initiation fees and capital contributions$0
Gross receipts for public use of club facilities $0
Gross income from members or shareholders$0
Gross income from other sources$0
Statement of Revenue (for 2011)
Total revenue$74,069
Contributions, Gifts, Grants and Other Similar Amounts$66,600
Program Service Revenue$1,346
Other Revenue
Investment income (including dividends, interest, and other similar amounts)$5,738
Income from investment of tax-exempt bond proceeds$0
Net rental income$0
Net gain from sales of assets other than inventory$260
Gross amount from sales of assets other than inventory (Securities / Other)$175,029 / $0
Less: cost or other basis and sales expenses (Securities / Other)$174,769 / $0
Gain or (loss) (Securities / Other)$260 / $0
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$125
Gross sales of inventory, less returns and allowances$125
Less: cost of goods sold$0
Miscellaneous Revenue$0
Statement of Functional Expenses (for 2011)
Total functional expenses$239,431
Compensation of current officers, directors, trustees, and key employees$192,424
Other salaries and wages$0
Payroll taxes$0
Professional fundraising services$0
Balance Sheet (for 2011)
Total assets$267,605
Total liabilities$517
Tax-exempt bond liabilities$0
Secured mortgages and notes payable to unrelated third parties$0
Unsecured notes and loans payable to unrelated third parties$0
Total net assets or fund balances$267,088
Retained earnings, endowment, accumulated income, or other funds$0
Reason for Public Charity Status (for 2011)
The organization is not a private foundation because it is:An organization that normally receives a substantial part of its support from a governmental unit or from the general public described in section 170(b)(1)(A)(vi)
Support Schedule for Organizations Described in Sections 170(b)(1)(A)(iv) and 170(b)(1)(A)(vi) (for 2011)
2007 - 2011 Total
Total Support$567,119
Gifts, grants, contributions, and membership fees received$496,476
Tax revenues levied for the organization's benefit and either paid to or expended on its behalf$0
The value of services or facilities furnished by a governmental unit to the organization without charge$0
Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources$70,643
Gross receipts from related activities, etc.$18,230
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