MISSION
The Lead It Foundation exists for community development and relief of the poor and underprivilege citizens by promoting life skills necessary to be civic leaders.
DEMOGRAPHIC
ADDRESS
1214 NORTH DAMEN AVENUE
60622
COUNTY
cook county, IL
IN CARE OF NAME
ELHAJAMIN YOUNG
ORGANIZATIONAL OVERVIEW & RANKINGS
LEAD-IT FOUNDATION is a based in CHICAGO, IL, focused on Youth Development causes , specifically Youth Development Programs, Other. Established in September 2024, it operates as an independent corporation and contributions to this organization are tax-deductible .
With total assets of $0.00, this ranks 1,888,328 among 2,656,690 nonprofits nationally (Top 72%), demonstrating developing financial capacity relative to its peers. At the state level, it stands at 74,911 out of 106,037 organizations in IL (Top 71%).
In cook county, IL, the organization ranks 23,386 out of 46,103 nonprofits by assets (Top 51%), while locally in chicago, it stands at 12,791 among 28,197 organizations (Top 46%).
The organization reported no revenue in the most recent filing period, placing it at 951,162 nationally and 31,324 in IL.
Within its specific NTEE classification (O50 - O: Youth Development), which includes 37,455 similar organizations, LEAD-IT FOUNDATION ranks 24,344 in assets (Top 65%) and 28,519 in revenue (Top 77%).
Note: This organization's tax-exempt status was temporarily revoked on May 15, 2024 .
The organization files a 990 - Required to file Form 990-N - Income less than $25,000 per year and operates on a November fiscal year.
CLASSIFICATION
ORGANIZATION CODE
1: Corporation
DEDUCTIBILITY CODE
1: Contributions are deductible
AFFILIATION CODE
3: Independent
SUBSECTION/CLASSIFICATION CODES
ACTIVITY CODES
N/A
NTEE COMMON CODE
O: Youth Development
NTEE CODE
O50: Youth Development Programs, Other
FOUNDATION CODE
16: Organization that normally receives no more than one third of its support from gross investment income and unrelated business income and at the same time more than one third of its support from contributions, fees, and gross receipts related to exempt purposes. 509(a)(2)
EXEMPT ORGANIZATION STATUS CODE
N/A
FINANCIALS
Note: A current revocation appears on the IRS revocation list
Revoked: Wednesday, May 15, 2024;
IRS STATEMENT:
"Important note: Just because an organization appears on this list, it does not
mean the organization is currently revoked, as they may have been reinstated."
You may confirm an organization's status by calling the IRS (toll-free) at 1-877-829-5500.
TAX PERIOD
12/2020
ACCOUNTING PERIOD
12
INCOME CODE
N/A
INCOME AMOUNT
$0.00
FORM 990 REVENUE AMOUNT
$0.00
RULING DATE
09/2024
ASSET CODE
N/A
ASSET AMOUNT
$0.00
FILING REQUIREMENT CODE
990 - Required to file Form 990-N - Income less than $25,000 per year
PF FILING REQUIREMENT CODE
No 990-PF return
Disclaimer: While we are confident of the accuracy of the information on this page, we encourage you verify the information directly with IRS. The IRS has a toll-free number for this at 1-877-829-5500 or visit www.irs.gov.
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