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Leaders Collective

  • Raleigh, NC
  • Tax-exempt since Sept. 2016
  • EIN: 81-0799037

Organization summary

Type of Nonprofit

Designated as a Organizations for any of the following purposes: religious, educational, charitable, scientific, literary, testing for public safety, fostering national or international amateur sports competition (as long as it doesn't provide athletic facilities or equipment), or the prevention of cruelty to children or animals.

Category: Religion-Related, Spiritual Development / Christian (NTEE)

Donations to this organization are tax deductible.

Details

According to its Dec. 2023 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
$670k (2023)

Expenses
$626k (2023)

Total Assets
$49.9k (2023)

Total Liabilities
$30.9k (2023)

Source: Form 990 tax filings from 2016 to 2023

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 Dec.
2023

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$670,399
Expenses
$625,612
Net Income
$44,787
Net Assets
$18,999
Notable Sources of Revenue Percent of Total Revenue
Contributions $533,804
79.6%
Program Services $135,523
20.2%
Investment Income $117
0.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $955
0.1%
Notable Expenses Percent of Total Expenses
Executive Compensation $97,396
15.6%
Professional Fundraising Fees $0
Other Salaries and Wages $216,072
34.5%
Assets/Debt
Total Assets $49,934
Total Liabilities $30,935
Net Assets $18,999
Other
Reported conflict of interest transactions
Compensation
Key Employees and Officers Compensation Related Other
Elliot Grudem (President) $63,154 $0 $34,241
Justin Holcomb (Board Member) $0 $0 $0
Greg Gibson (Treasurer) $0 $0 $0
Bill Wellons Sr (Vice President) $0 $0 $0
Josh Reitano (Secretary) $0 $0 $0
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Document Links

990
Filed on Sept. 12, 2024

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

View Filing
XML

Fiscal Year Ending Dec.
2022

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$562,480
Expenses
$643,611
Net Income
-$81,131
Net Assets
-$41,604
Notable Sources of Revenue Percent of Total Revenue
Contributions $414,671
73.7%
Program Services $147,750
26.3%
Investment Income $39
0.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $20
0.0%
Notable Expenses Percent of Total Expenses
Executive Compensation $112,079
17.4%
Professional Fundraising Fees $0
Other Salaries and Wages $187,259
29.1%
Assets/Debt
Total Assets $16,257
Total Liabilities $57,861
Net Assets -$41,604
Other
Reported conflict of interest transactions
Compensation
Key Employees and Officers Compensation Related Other
Elliot Grudem (President) $66,424 $0 $45,655
Geoff Bradford Jan Nov 22 (Vice President/Treasurer) $0 $0 $0
Justin Holcomb Secretary Jan Nov 22 (Board Member/Secretary) $0 $0 $0
Greg Gibson Treasurer Dec 22 (Board Member) $0 $0 $0
Bill Wellons Sr Vp Dec 22 (Board Member) $0 $0 $0
Josh Reitano Dec 22 (Secretary) $0 $0 $0
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Document Links

990
Filed on Aug. 2, 2023

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

View Filing
PDF XML

Fiscal Year Ending Dec.
2021

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$497,243
Expenses
$541,664
Net Income
-$44,421
Net Assets
$39,527
Notable Sources of Revenue Percent of Total Revenue
Contributions $371,045
74.6%
Program Services $124,150
25.0%
Investment Income $75
0.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $1,973
0.4%
Notable Expenses Percent of Total Expenses
Executive Compensation $103,899
19.2%
Professional Fundraising Fees $0
Other Salaries and Wages $132,041
24.4%
Assets/Debt
Total Assets $55,216
Total Liabilities $15,689
Net Assets $39,527
Other
Reported conflict of interest transactions
Compensation
Key Employees and Officers Compensation Related Other
Elliot Grudem (President) $57,334 $0 $46,565
Geoff Bradford (Vice President/Treasurer) $0 $0 $0
Justin Holcomb (Board Member/Secretary) $0 $0 $0
Greg Gibson (Board Member) $0 $0 $0
Bill Wellons (Board Member) $0 $0 $0
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Document Links

990
Filed on Nov. 7, 2022

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

View Filing
PDF XML

Fiscal Year Ending Dec.
2020

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$446,418
Expenses
$336,555
Net Income
$109,863
Net Assets
$83,948
Notable Sources of Revenue Percent of Total Revenue
Contributions $365,126
81.8%
Program Services $78,750
17.6%
Investment Income $42
0.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $2,500
0.6%
Notable Expenses Percent of Total Expenses
Executive Compensation $120,388
35.8%
Professional Fundraising Fees $0
Other Salaries and Wages $23,100
6.9%
Assets/Debt
Total Assets $91,796
Total Liabilities $7,848
Net Assets $83,948
Compensation
Key Employees and Officers Compensation Related Other
Elliot Grudem (President) $60,424 $0 $59,964
Geoff Bradford (Vice President/Treasurer) $0 $0 $0
Bill Wellons (Board Member) $0 $0 $0
Justin Holcomb (Board Member/Secretary) $0 $0 $0
Greg Gibson (Board Member) $0 $0 $0
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Document Links

990
Filed on Nov. 10, 2021

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

View Filing
XML

Fiscal Year Ending Dec.
2019

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$410,553
Expenses
$427,041
Net Income
-$16,488
Net Assets
-$25,915
Notable Sources of Revenue Percent of Total Revenue
Contributions $308,328
75.1%
Program Services $102,029
24.9%
Investment Income $19
0.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $177
0.0%
Notable Expenses Percent of Total Expenses
Executive Compensation $120,389
28.2%
Professional Fundraising Fees $0
Other Salaries and Wages $59,506
13.9%
Assets/Debt
Total Assets $22,695
Total Liabilities $48,610
Net Assets -$25,915
Compensation
Key Employees and Officers Compensation Related Other
Elliot Grudem (President) $60,424 $0 $59,964
Geoff Bradford (Vice President/Treasurer) $0 $0 $0
Bill Wellons (Board Member) $0 $0 $0
Justin Holcomb (Board Member/Secretary) $0 $0 $0
Greg Gibson (Board Member) $0 $0 $0
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Document Links

990
Filed on Nov. 6, 2020

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

View Filing
XML

Fiscal Year Ending Dec.
2018

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$393,668
Expenses
$417,337
Net Income
-$23,669
Net Assets
-$9,427
Notable Sources of Revenue Percent of Total Revenue
Contributions $240,975
61.2%
Program Services $152,650
38.8%
Investment Income $43
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 $78,501
18.8%
Professional Fundraising Fees $0
Other Salaries and Wages $61,834
14.8%
Assets/Debt
Total Assets $16,785
Total Liabilities $26,212
Net Assets -$9,427
Compensation
Key Employees and Officers Compensation Related Other
Elliot Grudem (President) $102,999 $0 $17,178
Geoff Bradford (Vice President/Treasurer) $0 $0 $0
Bill Wellons (Board Member) $0 $0 $0
Jamie Munson (Board Member) $0 $0 $0
Justin Holcomb (Board Member/Secretary) $0 $0 $0
Greg Gibson (Board Member) $0 $0 $0
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Document Links

990
Filed on Nov. 11, 2019

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

View Filing
PDF XML

Fiscal Year Ending Dec.
2017

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$288,460
Expenses
$266,284
Net Income
$22,176
Net Assets
$14,242
Notable Sources of Revenue Percent of Total Revenue
Contributions $154,900
53.7%
Program Services $133,550
46.3%
Investment Income $10
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 $39,470
14.8%
Professional Fundraising Fees $0
Other Salaries and Wages $35,058
13.2%
Assets/Debt
Total Assets $22,622
Total Liabilities $8,380
Net Assets $14,242
Compensation
Key Employees and Officers Compensation Related Other
Elliot Grudem (President) $51,500 $0 $8,808
Geoff Bradford (Vice President/Treasurer (8/1/2017 12/31/2017)) $0 $0 $0
Tyler Jones (Secretary/Treasurer (1/1/2017 7/31/2017)) $0 $0 $0
Bill Wellons (Board Member) $0 $0 $0
Jamie Munson (Board Member) $0 $0 $0
Justin Holcomb (Board Member/Secretary (8/1/2017 12/31/2017)) $0 $0 $0
Greg Gibson (Board Member (8/1/2017 12/31/2017)) $0 $0 $0
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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 Dec.
2016

Extracted Financial Data

Extracted Financial Data from 990-EZ
Revenue
$177,170
Expenses
$205,332
Net Income
-$28,162
Net Assets
-$7,934
Notable Sources of Revenue Percent of Total Revenue
Contributions $32,114
18.1%
Program Services $0
Investment Income $9
0.0%
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Assets/Debt
Total Assets $20,549
Total Liabilities $28,483
Net Assets -$7,934

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.
Design by Jeff Frankl. Additional development by Ken Schwencke, Mike Tigas, and Sisi Wei.

E-file viewer adapted from IRS e-File Viewer by Ben Getson. Code for scraping audit documents adapated from Govwiki.

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