Civic Intelligence

Lakewood Economic Action Program Inc.

990 • Fiscal year 2019 • EIN 22-3075435

Jan 01, 2019 to Dec 31, 2019 • Filed on Nov 16, 2020

Organization ProfileWWW.LEAPINC.ORG

View Organization Page

170 Oberlin Avenue No 22Lakewood, NJ 08701

(732) 364-4333

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

80th percentile

0.46x

Higher debt load relative to assets than 80% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Liabilities / Revenue

46th percentile

0.07x

Higher debt load relative to revenue than 46% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Net Margin

54th percentile

4.7%

Higher net margin than 54% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Top Officer Pay

36th percentile

$0

Higher top officer pay than 36% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Asset Growth

81st percentile

22%

Faster asset growth than 81% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2018 to 2019

Revenue Growth

57th percentile

6.9%

Faster revenue growth than 57% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2018 to 2019

Balance Sheet
Liabilities / Assets80th percentile

Assets

Up

$449,659

Up $79,894 (+22%) from 2018

Net Assets

Up

$242,138

Up $142,169 (+142%) from 2018

Liabilities

Down

$207,521

Down $62,275 (-23%) from 2018

Revenue And Expenses
Liabilities / Revenue46th percentileNet Margin54th percentile

Revenue

Up

$2,996,817

Up $194,190 (+6.9%) from 2018

Expenses

Up

$2,854,648

Up $10,339 (+0.4%) from 2018

Net Income

Up

$142,169

Up $183,851 (+441%) from 2018

Historical Trend

Balance Sheet Trend

Asset Growth81st percentile

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$600K$400K$200K$0Assets 2010: $420,376Liabilities 2010: $206,885Net Assets 2010: $213,4912010Assets 2011: $377,904Liabilities 2011: $216,245Net Assets 2011: $161,6592011Assets 2012: $226,102Liabilities 2012: $114,261Net Assets 2012: $111,8412012Assets 2013: $145,913Liabilities 2013: $67,450Net Assets 2013: $78,4632013Assets 2014: $203,259Liabilities 2014: $133,112Net Assets 2014: $70,1472014Assets 2015: $180,459Liabilities 2015: $70,967Net Assets 2015: $109,4922015Assets 2016: $242,785Liabilities 2016: $66,184Net Assets 2016: $176,6012016Assets 2017: $356,629Liabilities 2017: $199,017Net Assets 2017: $157,6122017Assets 2018: $369,765Liabilities 2018: $269,796Net Assets 2018: $99,9692018Assets 2019: $449,659Liabilities 2019: $207,521Net Assets 2019: $242,1382019Assets 2020: $274,992Liabilities 2020: $110,496Net Assets 2020: $164,4962020Assets 2021: $238,877Liabilities 2021: $56,324Net Assets 2021: $182,5532021Assets 2022: $245,284Liabilities 2022: $54,847Net Assets 2022: $190,4372022Assets 2023: $203,485Liabilities 2023: $0Net Assets 2023: $203,4852023Assets 2024: $181,517Net Assets 2024: $181,5172024

Highlighted filing

2019

Assets$449,659
Liabilities$207,521
Net Assets$242,138
Open 2019 Filing

Operations Trend

Revenue Growth57th percentile

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$4.0M$3.0M$2.0M$1.0M$0-$1.0MExpenses 2010: $3,186,4512010Revenue 2011: $3,069,026Expenses 2011: $3,120,858Net Income 2011: -$51,8322011Expenses 2012: $3,082,1352012Revenue 2013: $3,022,522Expenses 2013: $3,055,900Net Income 2013: -$33,3782013Revenue 2014: $3,193,024Expenses 2014: $3,201,340Net Income 2014: -$8,3162014Revenue 2015: $3,363,397Expenses 2015: $3,324,052Net Income 2015: $39,3452015Revenue 2016: $3,479,294Expenses 2016: $3,412,185Net Income 2016: $67,1092016Revenue 2017: $3,497,522Expenses 2017: $3,516,511Net Income 2017: -$18,9892017Revenue 2018: $2,802,627Expenses 2018: $2,844,309Net Income 2018: -$41,6822018Revenue 2019: $2,996,817Expenses 2019: $2,854,648Net Income 2019: $142,1692019Revenue 2020: $3,059,185Expenses 2020: $3,136,827Net Income 2020: -$77,6422020Revenue 2021: $2,618,056Expenses 2021: $2,599,999Net Income 2021: $18,0572021Revenue 2022: $1,803,873Expenses 2022: $1,795,989Net Income 2022: $7,8842022Revenue 2023: $102,755Expenses 2023: $97,470Net Income 2023: $5,2852023Revenue 2024: $4Expenses 2024: $23,232Net Income 2024: -$23,2282024

Highlighted filing

2019

Revenue$2,996,817
Expenses$2,854,648
Net Income$142,169
Open 2019 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2019 to Dec 31, 2019
Signed
Nov 16, 2020
Return Version
2019v5.1
Gross Receipts
$2,996,817
Mission and Program Overview

Mission

Provide comprehensive child development services to low-income families, including pregnant women and families with newborn babies and children up to 3 years old. These services are provided through the Head Start program.

The Lakewood Economic Action Program Inc. (LEAP) provides comprehensive child development services to low-income families. An Early Head Start grant enabled LEAP to expand the program to include pregnant women and families with newborn babies and children up to 3 years old.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$92,656$190,537▲ $97,881
Pledges and Grants Receivable$119,462$151,656▲ $32,194
Savings and Temporary Cash Investments$1,439$87,131▲ $85,692
Cash and Non-Interest-Bearing Accounts$3,294$8,025▲ $4,731
Investments Other Securities$263$263→ $0
Total Assets$369,765$449,659▲ $79,894
Other Assets Total$152,651$12,047▼ $140,604
Liabilities
Accounts Payable and Accrued Expenses$269,796$207,521▼ $62,275
Total Liabilities$269,796$207,521▼ $62,275
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$99,969$242,138▲ $142,169
Total Net Assets Fund Balance$99,969$242,138▲ $142,169
Total Liabilities and Net Assets / Fund Balance$369,765$449,659▲ $79,894

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$30,421$323,289$353,710
Equipment$144,801$171,877$316,678
Buildings$15,315$90,329$105,644
Compensation and Service Providers
Top Officer Pay36th percentile

Board Members and Trustees

NameTitle
MICHAEL J D'ELIAChairperson
Sam RabinowitzVice-chairperson
Margaret SaundersHead Start Director
Colleen M Dolcy EsqTrustee
Esther HalpernTrustee
Beth HudsonCFO
Vivian WhiteSecretary
Pam Hullen-mooreTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$2,985,954
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$10,863
All Other Contributions
$1,706
Change in Net Assets
$142,169

Noncash Contribution Practices

Property subject to holding requirements
No
Reviewed unusual noncash gifts
No
Third parties used for noncash contributions
No

Noncash Contributions

Contribution TypeContribution CountReported AmountValuation Method
Other Non Cash Contri Table1$127,268Fair Market Value (FMV)
Other Non Cash Contri Table93$1,450Fair Market Value (FMV)
Other Non Cash Contri Table9$193Fair Market Value (FMV)
Other Non Cash Contri Table2$63Fair Market Value (FMV)
Total Noncash Contributions105$128,974-

Audited Revenue Reconciliation

Revenue per Audited Statements
$2,996,817
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$4,090
Total Revenue per Audited Statements
$3,000,907
Total Revenue per Form 990
$2,996,817
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$1,764,321
Other Expenses$1,090,327
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$1,242,403$88,837-$1,331,240
Occupancy$278,351--$278,351
Other Employee Benefits$245,857$-876-$244,981
Payroll Taxes$164,269$12,075-$176,344
Office Expenses$146,712$1,880-$148,592
Fees for Services Other$106,831$18,757-$125,588
Insurance$49,179--$49,179
Travel$43,969$193-$44,162
Fees for Services Management-$36,940-$36,940
Depreciation Depletion$29,387--$29,387
Other Expenses$29,033--$29,033
Fees for Services Accounting-$20,450-$20,450
Pension Plan Contributions$11,756--$11,756
All Other Expenses$5,648--$5,648
Fees for Services Legal-$150-$150
Total Functional Expenses$2,676,242$178,406$0$2,854,648

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$2,858,738
Expenses per Audited Statements$2,854,648
Total Expenses per Form 990$2,854,648
Expenses Not Reported on Form 990$4,090
Expenses Not Reported on Financial Statements$0
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
No
Audit committee
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
Yes

Governance Explanations

Form 990, Part VI, Section A, line 3

“The Lakewood Economic Action Program (LEAP) has secured the services of Ocean Community Economic Action Now Inc. (OCEAN, Inc.), another 501(c)(3) organization, to manage the day to day operations. This includes planning and executing budgets, financial operations, and supervising exempt operations. LEAP's Head Start Director, Margaret Saunders, is compensated by OCEAN for her work with LEAP. In 2019, she received $38,799 in salary and $222 in benefits for her work associated with LEAP. LEAP's CFO, Beth Hudson, is compensated by OCEAN for her work with LEAP. In 2019, she received $13,676 in salary and $1,674 in benefits for her work associated with LEAP.”

Form 990, Part VI, Section A, line 8B

“The Executive Committee has the authority to act on behalf of the governing body. There were no meetings of the Executive Committee during the year, consequently there is no documentation of any such meetings.”

Form 990, Part VI, Section B, line 11B

“The Form 990 is reviewed in three steps. It is first reviewed by CFO Beth Hudson, then the board officers, and finally the entire board.”

Form 990, Part VI, Section B, line 15

“LEAP does not directly compensate its top management official or CFO, therefore there is no process for determining their compensation. These individuals are compensated instead through OCEAN, the organization that provides LEAP with management services.”

Form 990, Part VI, Section C, line 19

“The organization makes its governing documents, conflict of interest policy, and financial statements available to the public upon request.”

Filing and Contact Details

Filer

Filer Name
Lakewood Economic Action Program Inc
EIN
22-3075435
Phone
7323644333
Address
170 OBERLIN AVENUE NO 22, LAKEWOOD, NJ 08701

Signing Officer

Name
Sam Rabinowitz
Title
Chairperson
Phone
7323644333
Signed
2020-11-16
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Sam Rabinowitz
Formed
1965
Legal Domicile
Nj
Voting Board Members
6
Independent Board Members
6
Employees
69
Volunteers
20

Preparer

Firm
Klatzkin & Company Llp
Address
1670 WHITEHORSE HAM SQ RD, HAMILTON, NJ 08690-3513
Preparer
Thomas Martin
Phone
6098909189
Supplemental Narrative

Additional Explanations

Form 990, Part XII. line 2C

“The process of selecting the independent accountant and overseeing the audit did not change during the year.”

Financial Statement Notes

Part X, Line 2:

“The Organization's federal exempt and unrelated business income returns are subject to examination by the IRS, generally for three years after they were filed. The Organization's state informational returns are subject to examination up to four years after they were filed. The statute of limitations does not apply to unfiled returns. The Organization believes that all required returns have been filed. The Organization has determined that there are no material uncertain tax positions that require disclosure in the financial statements.”

Raw XML AppendixShowing 400 of 454 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990/OtherSalariesAndWagesGrp/TotalAmt01331240
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt012075
IRS990/PayrollTaxesGrp/ProgramServicesAmt0164269
IRS990/PayrollTaxesGrp/TotalAmt0176344
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt011756
IRS990/PensionPlanContributionsGrp/TotalAmt011756
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt0119462
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt0151656
IRS990/PoliticalCampaignActyInd00
IRS990/PrincipalOfficerNm0SAM RABINOWITZ
IRS990/ProfessionalFundraisingInd00
IRS990/ProgSrvcAccomActy2Grp/Desc0Child & Adult Food Program - The agency provided meals for the Head Start enrollees.
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt0154324
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt02802121
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt00
IRS990/PYOtherExpensesAmt01093349
IRS990/PYOtherRevenueAmt0506
IRS990/PYProgramServiceRevenueAmt00
IRS990/PYRevenuesLessExpensesAmt0-41682
IRS990/PYSalariesCompEmpBnftPaidAmt01750960
IRS990/PYTotalExpensesAmt02844309
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt02802627
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0142169
IRS990/RegularMonitoringEnfrcInd00
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990/SavingsAndTempCashInvstGrp/BOYAmt01439
IRS990/SavingsAndTempCashInvstGrp/EOYAmt087131
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt02985954
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt02802121
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt03497383
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt03478233
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt03359279
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt016122970
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt0-38
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt0106
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt044
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt0112
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearAmt010863
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus1YearAmt0506
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus2YearsAmt0173
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus3YearsAmt0955
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus4YearsAmt04074
IRS990ScheduleA/OtherIncome170Grp/TotalAmt016571
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.99900
IRS990ScheduleA/PublicSupportPY170Pct00.99960
IRS990ScheduleA/PublicSupportTotal170Amt016122970
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt02985954
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt02802121
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt03497383
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt03478233
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt03359279
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt016122970
IRS990ScheduleA/TotalSupportAmt016139653
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd01
IRS990ScheduleD/BuildingsGrp/BookValueAmt015315
IRS990ScheduleD/BuildingsGrp/DepreciationAmt090329
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt0105644
IRS990ScheduleD/DonatedServicesAndUseFcltsAmt04090
IRS990ScheduleD/DonatedServicesUseFcltsAmt04090
IRS990ScheduleD/EquipmentGrp/BookValueAmt0144801
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0171877
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0316678
IRS990ScheduleD/ExpensesNotReportedAmt04090
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt02854648
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt030421
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt0323289
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt0353710
IRS990ScheduleD/RevenueNotReportedAmt04090
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt02996817
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0The Organization's federal exempt and unrelated business income returns are subject to examination by the IRS, generally for three years after they were filed. The Organization's state informational returns are subject to examination up to four years after they were filed. The statute of limitations does not apply to unfiled returns. The Organization believes that all required returns have been filed. The Organization has determined that there are no material uncertain tax positions that require disclosure in the financial statements.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0Part X, Line 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0190537
IRS990ScheduleD/TotalExpensesPerForm990Amt02854648
IRS990ScheduleD/TotalRevenuePerForm990Amt02996817
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt03000907
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt02858738
IRS990/ScheduleJRequiredInd00
IRS990ScheduleM/AnyPropertyThatMustBeHeldInd00
IRS990ScheduleM/OtherNonCashContriTableGrp/ContributionCnt01
IRS990ScheduleM/OtherNonCashContriTableGrp/ContributionCnt193
IRS990ScheduleM/OtherNonCashContriTableGrp/ContributionCnt29
IRS990ScheduleM/OtherNonCashContriTableGrp/ContributionCnt32
IRS990ScheduleM/OtherNonCashContriTableGrp/Desc0PLAYGROUND EQUIPMENT
IRS990ScheduleM/OtherNonCashContriTableGrp/Desc1MATERIALS
IRS990ScheduleM/OtherNonCashContriTableGrp/Desc2TRAVEL
IRS990ScheduleM/OtherNonCashContriTableGrp/Desc3OTHER
IRS990ScheduleM/OtherNonCashContriTableGrp/MethodOfDeterminingRevenuesTxt0FMV
IRS990ScheduleM/OtherNonCashContriTableGrp/MethodOfDeterminingRevenuesTxt1FMV
IRS990ScheduleM/OtherNonCashContriTableGrp/MethodOfDeterminingRevenuesTxt2FMV
IRS990ScheduleM/OtherNonCashContriTableGrp/MethodOfDeterminingRevenuesTxt3FMV
IRS990ScheduleM/OtherNonCashContriTableGrp/NonCashCheckboxInd0X
IRS990ScheduleM/OtherNonCashContriTableGrp/NonCashCheckboxInd1X
IRS990ScheduleM/OtherNonCashContriTableGrp/NonCashCheckboxInd2X
IRS990ScheduleM/OtherNonCashContriTableGrp/NonCashCheckboxInd3X
IRS990ScheduleM/OtherNonCashContriTableGrp/NoncashContributionsRptF990Amt0127268
IRS990ScheduleM/OtherNonCashContriTableGrp/NoncashContributionsRptF990Amt11450
IRS990ScheduleM/OtherNonCashContriTableGrp/NoncashContributionsRptF990Amt2193
IRS990ScheduleM/OtherNonCashContriTableGrp/NoncashContributionsRptF990Amt363
IRS990ScheduleM/ReviewProcessUnusualNCGiftsInd00
IRS990ScheduleM/SupplementalInformationDetail/ExplanationTxt0The number of contributions are reported on Schedule M for materials, travel, playground equipment, and other.
IRS990ScheduleM/SupplementalInformationDetail/FormAndLineReferenceDesc0Part I, Column (b):
IRS990ScheduleM/ThirdPartiesUsedInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0The Lakewood Economic Action Program (LEAP) has secured the services of Ocean Community Economic Action Now Inc. (OCEAN, Inc.), another 501(c)(3) organization, to manage the day to day operations. This includes planning and executing budgets, financial operations, and supervising exempt operations. LEAP's Head Start Director, Margaret Saunders, is compensated by OCEAN for her work with LEAP. In 2019, she received $38,799 in salary and $222 in benefits for her work associated with LEAP. LEAP's CFO, Beth Hudson, is compensated by OCEAN for her work with LEAP. In 2019, she received $13,676 in salary and $1,674 in benefits for her work associated with LEAP.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1The Executive Committee has the authority to act on behalf of the governing body. There were no meetings of the Executive Committee during the year, consequently there is no documentation of any such meetings.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2The Form 990 is reviewed in three steps. It is first reviewed by CFO Beth Hudson, then the board officers, and finally the entire board.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3LEAP does not directly compensate its top management official or CFO, therefore there is no process for determining their compensation. These individuals are compensated instead through OCEAN, the organization that provides LEAP with management services.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4The organization makes its governing documents, conflict of interest policy, and financial statements available to the public upon request.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5The process of selecting the independent accountant and overseeing the audit did not change during the year.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Section A, line 3
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Section A, line 8b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Section B, line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part VI, Section B, line 15
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Form 990, Part VI, Section C, line 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Form 990, Part XII. line 2c
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0NJ
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt0369765
IRS990/TotalAssetsEOYAmt0449659
IRS990/TotalAssetsGrp/BOYAmt0369765
IRS990/TotalAssetsGrp/EOYAmt0449659
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt02985954
IRS990/TotalEmployeeCnt069
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0178406
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt02676242
IRS990/TotalFunctionalExpensesGrp/TotalAmt02854648
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0269796
IRS990/TotalLiabilitiesEOYAmt0207521
IRS990/TotalLiabilitiesGrp/BOYAmt0269796
IRS990/TotalLiabilitiesGrp/EOYAmt0207521
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt099969
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0242138
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt02676242
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt010863
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt00
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt02996817

Document Assets

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Filings

Displayed year

2019 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$449,659
Liabilities
$207,521
Net assets
$242,138
Revenue
$2,996,817
Expenses
$2,854,648
Net income
$142,169
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$0.18$0.18$0.00$0.02$0.02
2023Detailed filing. Detailed filing data is available for this year.$0.20$0.00$0.20$0.10$0.10$0.01
2022Detailed filing. Detailed filing data is available for this year.$0.25$0.05$0.19$1.80$1.80$0.01
2021Detailed filing. Detailed filing data is available for this year.$0.24$0.06$0.18$2.62$2.60$0.02
2020Detailed filing. Detailed filing data is available for this year.$0.27$0.11$0.16$3.06$3.14$0.08
2019Detailed filing. Detailed filing data is available for this year.$0.45$0.21$0.24$3.00$2.85$0.14
2018Detailed filing. Detailed filing data is available for this year.$0.37$0.27$0.10$2.80$2.84$0.04
2017Detailed filing. Detailed filing data is available for this year.$0.36$0.20$0.16$3.50$3.52$0.02
2016Detailed filing. Detailed filing data is available for this year.$0.24$0.07$0.18$3.48$3.41$0.07
2015Detailed filing. Detailed filing data is available for this year.$0.18$0.07$0.11$3.36$3.32$0.04
2014Detailed filing. Detailed filing data is available for this year.$0.20$0.13$0.07$3.19$3.20$0.01
2013Detailed filing. Detailed filing data is available for this year.$0.15$0.07$0.08$3.02$3.06$0.03
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.23$0.11$0.11$3.08
2011Summary only. Only limited summary data is available for this year.$0.38$0.22$0.16$3.07$3.12$0.05
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.42$0.21$0.21$3.19