Leap Inc.

“The sole member of the organization is fifth avenue committee, inc.”

“Leap, inc. Has its form 990 prepared by an outside accounting firm and has established the following review process to ensure that the information reported is complete and accurate. When the form 990 has been prepared, reviewed by management and is ready to be filed with the internal revenue service, it is electronically sent to the board members of the organization for any comments. Any comments are then grouped, summarized and provided to the outside accountants. Each issue is documented and addressed until the return is finalized and approved for filing.”

“All directors and officers shall disclose any relevant interest that may pose a potential conflict to the organization upon election or appointment. Afterwards, the disclosure statements shall be updated annually. If an officer or director believes that they may a potential conflict, full disclosure of all facts pertaining to such potential conflict shall be made to the board of directors. The board of directors of the corporation (or a duly appointed committee of the board) shall investigate the potential conflict of interest. The director or officer to whom the potential conflict of interest relates may offer factual information to the board or committee; but no such director or officer shall vote on such matter. The board or committee may, by majority vote, ask any such director or officer not to participate in any discussion relating to the conflict, or to leave the room in which such discussion is carried on; provided, however, that the interested director may participate in any discussion regarding his or her exclusion. Directors and officers to whom the potential conflict of interest relates shall not attempt to influence other directors regarding such matter, the board or committee shall determine by a majority vote of the disinterested directors whether the transaction or arrangement is in the corporation's best interest and for its own benefit and whether the transaction is fair and reasonable to the corporation and shall make its decision as to whether the enter into or allow the transaction or arrangement in conformity with such determination, the discussion on the potential conflict, and the vote thereon, shall be recorded in the minutes of the meeting of the board or committee.”

“The executive compensation & evaluation committee of the board of directors ensures that a review of peer organizations is conducted every two to three years to compare leap's salary and compensation packages to those of comparable nonprofit organizations in new york city. Executive compensation regardless of a change in compensation will be reflected and noted in the minutes of the board of directors meeting where the organization's operating budget for the next fiscal year is reviewed and approved. This process was last conducted in fy 2014.”

“The organization makes its form 990 available for public inspection as required under section 6104 of the internal revenue code. The return is posted on guidestar.org and other similar types of websites. In addition, the financial statements, conflict of interest policy, articles of incorporation form 990, form 1023, and by-laws are also available upon written request or by calling the organization directly.”

“Write off on uncollectible pledge -16,950.”

“The organization has a committee that assumes responsibility for oversight of the audit of its financial statements and selection of an independent accountant. This process did not change from the prior year.”