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Leadsmart Training Solutions Inc

Peter J Lawton
  • New Bedford, MA
  • Tax-exempt since Feb. 2014
  • EIN: 27-3030364

Organization summary

Type of Nonprofit

Designated as a Business leagues, chambers of commerce, real estate boards, etc, created for the improvement of business conditions.

Category: Educational Institutions and Related Activities / Vocational, Technical Schools (B3O) (NTEE)

Donations to this organization are not tax deductible.

Details

According to its June 2024 tax filing, this nonprofit:

Reported conflict of interest transactions
Organizations must report loans, grants or business transactions with interested parties, which may include key employees and officers, their family members and any businesses in which they hold a controlling interest. These transactions must be reported on Schedule L.

Summary charts: organization finances over time

Revenue
$756k (2024)

Expenses
$720k (2024)

Total Assets
$107k (2024)

Total Liabilities
$362k (2024)

Source: Form 990 tax filings from 2012 to 2024

Tax Filings by Year

Form 990 is an information return that most organizations claiming federal tax-exempt status must file yearly with the IRS. Nonprofit Explorer has IRS digitized Form 990 data for filings processed in 2012 and later. If this organization filed an amended return, it may not be reflected below. Duplicate download links may indicate a resubmission or amendment to this organization's original return. Form 990 data is from the IRS.

Fiscal Year Ending June
2024

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$756,028
Expenses
$719,632
Net Income
$36,396
Net Assets
-$255,045
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $740,180
97.9%
Investment Income $2
0.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets -$83
Net Inventory Sales $0
Other Revenue $15,929
2.1%
Notable Expenses Percent of Total Expenses
Executive Compensation $180,212
25.0%
Professional Fundraising Fees $0
Other Salaries and Wages $133,211
18.5%
Assets/Debt
Total Assets $107,004
Total Liabilities $362,049
Net Assets -$255,045
Other
Reported conflict of interest transactions
Compensation
Key Employees and Officers Compensation Related Other
Scott Spyropoulos (Vice Preside) $93,568 $0 $0
Peter Lawton (President) $69,239 $0 $0
Jonathan Lawton (Director) $0 $0 $0

Document Links

990
Filed on Aug. 27, 2024

Primary tax return for a nonprofit’s activities, finances, and governance

View Filing
XML

Fiscal Year Ending June
2023

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$729,625
Expenses
$801,671
Net Income
-$72,046
Net Assets
-$291,441
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $692,374
94.9%
Investment Income $1
0.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $2,000
0.3%
Net Inventory Sales $0
Other Revenue $35,250
4.8%
Notable Expenses Percent of Total Expenses
Executive Compensation $75,026
9.4%
Professional Fundraising Fees $0
Other Salaries and Wages $236,415
29.5%
Assets/Debt
Total Assets $124,244
Total Liabilities $415,685
Net Assets -$291,441
Other
Reported conflict of interest transactions
Compensation
Key Employees and Officers Compensation Related Other
Peter Lawton (President) $82,890 $0 $0
Jim Mccoy (Director) $0 $0 $0
Kelly Mccoy (Director) $0 $0 $0

Document Links

990
Filed on May 10, 2024

Primary tax return for a nonprofit’s activities, finances, and governance

View Filing
XML

Fiscal Year Ending June
2022

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$594,663
Expenses
$779,676
Net Income
-$185,013
Net Assets
-$219,395
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $594,655
100.0%
Investment Income $8
0.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $84,250
10.8%
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $128,787
Total Liabilities $348,182
Net Assets -$219,395
Other
Reported conflict of interest transactions
Compensation
Key Employees and Officers Compensation Related Other
Peter Lawton (President) $108,306 $0 $0
Kelly Mccoy (Director) $0 $0 $0
Jim Mccoy (Director) $0 $0 $0

Document Links

990
Filed on March 6, 2023

Primary tax return for a nonprofit’s activities, finances, and governance

View Filing
XML

Fiscal Year Ending June
2021

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$626,622
Expenses
$593,724
Net Income
$32,898
Net Assets
-$34,382
Notable Sources of Revenue Percent of Total Revenue
Contributions $91,200
14.6%
Program Services $535,401
85.4%
Investment Income $21
0.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $111,700
18.8%
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $122,214
Total Liabilities $156,596
Net Assets -$34,382
Other
Reported conflict of interest transactions
Compensation
Key Employees and Officers Compensation Related Other
Peter Lawton (President) $119,732 $0 $0
Kelly Mccoy (Director) $0 $0 $0
Jim Mccoy (Director) $0 $0 $0

Document Links

990
Filed on Feb. 1, 2022

Primary tax return for a nonprofit’s activities, finances, and governance

View Filing
XML

Fiscal Year Ending June
2020

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$490,090
Expenses
$493,846
Net Income
-$3,756
Net Assets
-$67,280
Notable Sources of Revenue Percent of Total Revenue
Contributions $5,000
1.0%
Program Services $485,070
99.0%
Investment Income $20
0.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $73,388
14.9%
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $184,669
Total Liabilities $251,949
Net Assets -$67,280
Other
Reported conflict of interest transactions
Compensation
Key Employees and Officers Compensation Related Other
Peter Lawton (President) $76,556 $0 $0
Kelly Mccoy (Director) $0 $0 $0
Jim Mccoy (Director) $0 $0 $0

Document Links

990
Filed on Nov. 13, 2020

Primary tax return for a nonprofit’s activities, finances, and governance

View Filing
XML

Fiscal Year Ending June
2019

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$549,901
Expenses
$546,730
Net Income
$3,171
Net Assets
-$63,301
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $549,887
100.0%
Investment Income $14
0.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $79,166
14.5%
Professional Fundraising Fees $0
Other Salaries and Wages $113,943
20.8%
Assets/Debt
Total Assets $28,796
Total Liabilities $92,097
Net Assets -$63,301
Other
Reported conflict of interest transactions
Compensation
Key Employees and Officers Compensation Related Other
Peter Lawton (President) $79,556 $0 $0
Kelly Mccoy (Director) $0 $0 $500
Jim Mccoy (Director) $0 $0 $500

Document Links

990
Filed on Nov. 12, 2019

Primary tax return for a nonprofit’s activities, finances, and governance

View Filing
PDF XML

Fiscal Year Ending June
2018

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$495,557
Expenses
$495,672
Net Income
-$115
Net Assets
-$59,321
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $495,553
100.0%
Investment Income $4
0.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $78,613
15.9%
Professional Fundraising Fees $0
Other Salaries and Wages $102,692
20.7%
Assets/Debt
Total Assets $36,885
Total Liabilities $96,206
Net Assets -$59,321
Other
Reported conflict of interest transactions
Compensation
Key Employees and Officers Compensation Related Other
Peter Lawton (President) $56,175 $0 $0
Kelly Mccoy (Director) $0 $0 $0
Jim Mccoy (Director) $0 $0 $0

Document Links

990
Filed on Nov. 15, 2018

Primary tax return for a nonprofit’s activities, finances, and governance

View Filing
PDF XML

Fiscal Year Ending June
2017

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$465,030
Expenses
$445,317
Net Income
$19,713
Net Assets
$3,315
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $465,030
100%
Investment Income $0
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $19,425
4.4%
Professional Fundraising Fees $0
Other Salaries and Wages $137,773
30.9%
Assets/Debt
Total Assets $50,388
Total Liabilities $47,073
Net Assets $3,315
Other
Operated a school
Compensation
Key Employees and Officers Compensation Related Other
Peter Lawton (President) $19,425 $0 $0
Peter Lawton (Treasurer) $0 $0 $0
Peter Lawton (Director) $0 $0 $0

Document Links

990
Filed on Nov. 13, 2017

Primary tax return for a nonprofit’s activities, finances, and governance

View Filing
PDF XML

Fiscal Year Ending June
2016

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$535,305
Expenses
$576,946
Net Income
-$41,641
Net Assets
-$8,062
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $535,305
100%
Investment Income $0
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $54,900
9.5%
Professional Fundraising Fees $0
Other Salaries and Wages $169,844
29.4%
Assets/Debt
Total Assets $57,508
Total Liabilities $65,570
Net Assets -$8,062
Other
Operated a school
Compensation
Key Employees and Officers Compensation Related Other
Peter Lawton (President) $54,900 $0 $0
Peter Lawton (Treasurer) $0 $0 $0
Peter Lawton (Director) $0 $0 $0

Document Links

990
Filed on Nov. 7, 2016

Primary tax return for a nonprofit’s activities, finances, and governance

View Filing
PDF XML

Fiscal Year Ending June
2015

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$433,700
Expenses
$415,990
Net Income
$17,710
Net Assets
$43,035
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $433,700
100%
Investment Income $0
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $50,034
12.0%
Professional Fundraising Fees $0
Other Salaries and Wages $121,500
29.2%
Assets/Debt
Total Assets $60,738
Total Liabilities $17,703
Net Assets $43,035
Other
Operated a school
Compensation
Key Employees and Officers Compensation Related Other
Peter Lawton (President) $50,034 $0 $0
Peter Lawton (Treasurer) $0 $0 $0
Peter Lawton (Director) $0 $0 $0

Document Links

990
Filed on Oct. 28, 2015

Primary tax return for a nonprofit’s activities, finances, and governance

View Filing
PDF XML

Fiscal Year Ending June
2014

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$367,513
Expenses
$355,068
Net Income
$12,445
Net Assets
$31,178
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $367,513
100%
Investment Income $0
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $59,500
16.8%
Professional Fundraising Fees $0
Other Salaries and Wages $92,573
26.1%
Assets/Debt
Total Assets $41,032
Total Liabilities $9,854
Net Assets $31,178
Other
Operated a school
Compensation
Key Employees and Officers Compensation Related Other
Peter Lawton (President) $59,500 $0 $0
Peter Lawton (Treasurer) $0 $0 $0
Peter Lawton (Director) $0 $0 $0

Document Links

990
Filed on Nov. 10, 2014

Primary tax return for a nonprofit’s activities, finances, and governance

View Filing
PDF XML

Fiscal Year Ending June
2013

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$225,638
Expenses
$194,835
Net Income
$30,803
Net Assets
$24,829
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $225,638
100%
Investment Income $0
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $19,513
10.0%
Professional Fundraising Fees $0
Other Salaries and Wages $41,922
21.5%
Assets/Debt
Total Assets $40,483
Total Liabilities $15,654
Net Assets $24,829

No Document Links

The IRS has provided extracted financial data for this filing, but has not yet released the source documents.

Fiscal Year Ending June
2012

Extracted Financial Data

Extracted Financial Data from 990-EZ
Revenue
$88,499
Expenses
$85,740
Net Income
$2,759
Net Assets
-$745
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $88,499
100%
Investment Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Assets/Debt
Total Assets $3,373
Total Liabilities $4,118
Net Assets -$745

Document Links

990-EZ

Short form tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending June
2011

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

990-EZ

Short form tax return for a nonprofit’s activities, finances, and governance

PDF

About This Data

Nonprofit Explorer includes summary data for nonprofit tax returns and full Form 990 documents, in both PDF and digital formats.

The summary data contains information processed by the IRS during the 2012-2019 calendar years; this generally consists of filings for the 2011-2018 fiscal years, but may include older records. This data release includes only a subset of what can be found in the full Form 990s.

In addition to the raw summary data, we link to PDFs and digital copies of full Form 990 documents wherever possible. This consists of separate releases by the IRS of Form 990 documents processed by the agency, which we update regularly.

We also link to copies of audits nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year since 2016. These audits are copied from the Federal Audit Clearinghouse.

Which Organizations Are Here?

Every organization that has been recognized as tax exempt by the IRS has to file Form 990 every year, unless they make less than $200,000 in revenue and have less than $500,000 in assets, in which case they have to file form 990-EZ. Organizations making less than $50,000 don’t have to file either form but do have to let the IRS they’re still in business via a Form 990N "e-Postcard."

Nonprofit Explorer has organizations claiming tax exemption in each of the 27 subsections of the 501(c) section of the tax code, and which have filed a Form 990, Form 990EZ or Form 990PF. Taxable trusts and private foundations that are required to file a form 990PF are also included. Small organizations filing a Form 990N "e-Postcard" are not included in this data.

Types of Nonprofits

There are 27 nonprofit designations based on the numbered subsections of section 501(c) of the tax code. See the list »

Get the Data

For those interested in acquiring the original data from the source, here’s where our data comes from:

  • Raw filing data. Includes EINs and summary financials as structured data.
  • Exempt Organization profiles. Includes organization names, addresses, etc. You can merge this with the raw filing data using EIN numbers.
  • Form 990 documents. Prior to 2017, these documents were obtained and processed by Public.Resource.org and ProPublica. Bulk PDF downloads since 2017 are available from the IRS.
  • Form 990 documents as XML files. Includes complete filing data (financial details, names of officers, tax schedules, etc.) in machine-readable format. Only available for electronically filed documents. Electronic data released prior to October 2021 is also available through Amazon Web Services.
  • Audits. PDFs of single or program-specific audits for nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year. Available for fiscal year 2015 and later.

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Byline

By Andrea Suozzo, Alec Glassford and Ash Ngu, ProPublica, and Brandon Roberts, Special to ProPublica.
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E-file viewer adapted from IRS e-File Viewer by Ben Getson. Code for scraping audit documents adapated from Govwiki.

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