Nonprofit · EIN 87-1328553
LEADS INC
Tax-exempt · LAWRENCE, MA 01841
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $1,009,771 | $760,191 | $249,580 | $518,605 | $50,923 | $467,682 |
| June 30, 2024 | 990 | $624,148 | $782,295 | -$158,147 | $271,700 | $53,598 | $218,102 |
| June 30, 2023 | 990 | $945,554 | $798,569 | $146,985 | $397,015 | $20,766 | $376,249 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $661,263
- Program service revenue
- $346,890
- Investment income
- $1,618
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $11,500
- Compensation of officers, directors and key employees
- $379,673
- Other salaries and wages
- $46,620
- Salaries, compensation and benefits (total)
- $459,528
- Professional fundraising fees
- $0
- Accounting fees
- $43,012
- Occupancy
- $38,771
- Travel
- $3,614
- Program services (functional)
- $514,463
- Management and general (functional)
- $191,969
- Fundraising (functional)
- $53,759
Balance sheet and other
- Total assets, start of year
- $271,700
- Total assets, end of year
- $518,605
- Total liabilities, end of year
- $50,923
- Net assets, end of year
- $467,682
- Net assets without donor restrictions
- $249,476
- Net assets with donor restrictions
- $218,206
- Gross receipts
- $1,009,771
- Employees
- 6
- Volunteers
- 25
- Year formed
- 2021
- State of legal domicile
- MA
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended June 30, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| Pamela Hallagan | Executive Director Officer | 40 | $184,057 | $0 |
| Derek Mitchell | President Officer | 40 | $150,890 | $26,385 |
| Jeff Bussgang | Chair Trustee or director, Officer | 2 | $0 | $0 |
| Bob Rivers | Treasurer Trustee or director, Officer | 1 | $0 | $0 |
| Socrates De La Cruz | Secretary Trustee or director, Officer | 1 | $0 | $0 |
| Julie Thurlow | Director Trustee or director | 1 | $0 | $0 |
| Gaby Santana-Goldstein | Director Trustee or director | 1 | $0 | $0 |
| Jesse Mermell | Director Trustee or director | 1 | $0 | $0 |
990 for the year ended June 30, 2024: 6 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| PAMELA HALLAGAN | EXECUTIVE DI Officer | 40 | $157,015 | $0 |
| DEREK MITCHELL | PRESIDENT Officer | 40 | $132,721 | $21,569 |
| JEFF BUSSGANG | CHAIR Trustee or director, Officer | 2 | $0 | $0 |
| BOB RIVERS | TREASURER Trustee or director, Officer | 1 | $0 | $0 |
| SOCRATES DE LA CRUZ | SECRETARY Trustee or director, Officer | 1 | $0 | $0 |
| JULIE THURLOW | DIRECTOR Trustee or director | 1 | $0 | $0 |
990 for the year ended June 30, 2023: 6 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| DEREK MITCHELL | PRESIDENT Officer | 40 | $115,451 | $13,497 |
| PAMELA HALLAGAN | EXECUTIVE DI Officer | 40 | $124,038 | $0 |
| JEFF BUSSGANG | CHAIR Trustee or director, Officer | 1 | $0 | $0 |
| BOB RIVERS | TREASURER Trustee or director, Officer | 1 | $0 | $0 |
| SOCRATES DE LA CRUZ | SECRETARY Trustee or director, Officer | 1 | $0 | $0 |
| JULIE THURLOW | DIRECTOR Trustee or director | 1 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 17 FERRY ST 2, LAWRENCE, MA 01841-2237
- Principal officer (990 for 2024)
- Jeff Bussgang, PO Box 1531, Lawrence, MA 01840
- Signed the 990
- Derek Mitchell, President
- Phone
- (978) 804-6989
- Return prepared by
- Grassi & Co CPA'S PC
Mission
To create a future for gateway cities where existing and emerging leaders connect and collaborate across sectors to amplify their skills and talents.
Program accomplishments
- The LEADS Fellowship is a 10-month executive leadership program, designed and delivered by Harvard Business School instructors and customized with local context and knowledge of participating Gateway City leaders. The LEADS Network further connects fellows from across cohorts and regions as a robust alumni platform through which disparate actors work together to make positive change, with specific emphasis on making systems-level change on issues that disproportionately impact underserved parts of the community.Expenses $514,463 · grants $11,500 · revenue $346,890
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in June, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | June 30, 2026 | November 16, 2026 | Not due yet |
| 2024 | June 30, 2025 | November 17, 2025 | 990 on file |
| 2023 | June 30, 2024 | November 15, 2024 | 990 on file |
IRS record
- EIN
- 87-1328553
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2022
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Education (B60)
- Assets (IRS master file)
- $518,605
- Income (IRS master file)
- $1,009,771
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | – | – | – | IRS |
| 990 | June 2024 | – | – | – | IRS |
| 990 | June 2023 | $945,554 | $798,569 | $397,015 | IRS |
| 990 | June 2022 | $742,345 | $513,081 | $232,968 | IRS |
990-N: the IRS publishes only the latest e-Postcard per organization; earlier years appear here as 990.tax collects the monthly files. 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS.
Questions about LEADS INC
- What is the EIN of LEADS INC?
- The employer identification number (EIN) of LEADS INC is 87-1328553.
- Is LEADS INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2022.
- Are donations to LEADS INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does LEADS INC file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of LEADS INC due?
- The return for tax year 2025 (the year ending June 30, 2026) is due November 16, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did LEADS INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended June 2025.
- Who is the principal officer of LEADS INC?
- The 990 for the year ended June 30, 2025 names Jeff Bussgang.
- Who are the officers and directors of LEADS INC?
- The 990 for the year ended June 30, 2025 lists 8 people; 2 received compensation from the organization, the highest $184,057 (Pamela Hallagan, Executive Director).
- How much revenue does LEADS INC have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $1,009,771, expenses of $760,191 and total assets of $518,605 at year end.
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