Civic Intelligence

Leap Foundation Inc.

990EZ • Fiscal year 2018 • EIN 26-0206557

Jan 01, 2018 to Dec 31, 2018 • Filed on Jun 04, 2019

1000 S Washington Ave No 201Lansing, MI 48910

(517) 702-3387

Siviq Scores

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

Liabilities / Assets

92nd percentile

0.69x

Higher debt load relative to assets than 92% of similar nonprofits.

2018 filings • 501(c)3 • <$500k nonprofits • Source year 2018

Liabilities / Revenue

88th percentile

0.22x

Higher debt load relative to revenue than 88% of similar nonprofits.

2018 filings • 501(c)3 • <$500k nonprofits • Source year 2018

Net Margin

23rd percentile

-11%

Higher net margin than 23% of similar nonprofits.

2018 filings • 501(c)3 • <$500k nonprofits • Source year 2018

Top Officer Pay

76th percentile

$0

Higher top officer pay than 76% of similar nonprofits.

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

2018 filings • 501(c)3 • <$500k nonprofits • Source year 2018

Asset Growth

17th percentile

-25%

Faster asset growth than 17% of similar nonprofits.

2018 filings • 501(c)3 • <$500k nonprofits • Annualized from 2017 to 2018

Revenue Growth

55th percentile

4.2%

Faster revenue growth than 55% of similar nonprofits.

2018 filings • 501(c)3 • <$500k nonprofits • Annualized from 2017 to 2018

Assets

Down

$50,488

Down $17,268 (-25%) from 2017

Net Assets

Down

$15,488

Down $17,268 (-53%) from 2017

Liabilities

Flat

$35,000

Flat from 2017

Revenue

Up

$162,540

Up $6,500 (+4.2%) from 2017

Expenses

Up

$179,808

Up $615 (+0.3%) from 2017

Net Income

Up

-$17,268

Up $5,885 (+25%) from 2017

Historical Trend

Balance Sheet Trend

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

$200K$150K$100K$50K$0Assets 2011: $23,113Liabilities 2011: $2,500Net Assets 2011: $20,6132011Assets 2012: $5,504Net Assets 2012: $5,5042012Assets 2013: $31,536Liabilities 2013: $26,000Net Assets 2013: $5,5362013Assets 2014: $50,536Liabilities 2014: $35,000Net Assets 2014: $15,5362014Assets 2015: $160,867Liabilities 2015: $35,000Net Assets 2015: $125,8672015Assets 2016: $95,909Liabilities 2016: $40,000Net Assets 2016: $55,9092016Assets 2017: $67,756Liabilities 2017: $35,000Net Assets 2017: $32,7562017Assets 2018: $50,488Liabilities 2018: $35,000Net Assets 2018: $15,4882018Assets 2019: $50,488Liabilities 2019: $35,000Net Assets 2019: $15,4882019Assets 2020: $16,726Liabilities 2020: $5,904Net Assets 2020: $10,8222020Assets 2021: $140,822Liabilities 2021: $130,000Net Assets 2021: $10,8222021Assets 2024: $77,739Liabilities 2024: $46,917Net Assets 2024: $30,8222024

Highlighted filing

2018

Assets$50,488
Liabilities$35,000
Net Assets$15,488

Operations Trend

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

$300K$200K$100K$0-$100KRevenue 2011: $96,244Expenses 2011: $161,206Net Income 2011: -$64,9622011Revenue 2012: $123,201Expenses 2012: $138,310Net Income 2012: -$15,1092012Revenue 2013: $141,604Expenses 2013: $141,572Net Income 2013: $322013Revenue 2014: $138,280Expenses 2014: $128,280Net Income 2014: $10,0002014Revenue 2015: $246,077Expenses 2015: $135,746Net Income 2015: $110,3312015Revenue 2016: $146,800Expenses 2016: $216,758Net Income 2016: -$69,9582016Revenue 2017: $156,040Expenses 2017: $179,193Net Income 2017: -$23,1532017Revenue 2018: $162,540Expenses 2018: $179,808Net Income 2018: -$17,2682018Revenue 2019: $169,970Expenses 2019: $169,970Net Income 2019: $02019Revenue 2020: $156,572Expenses 2020: $161,238Net Income 2020: -$4,6662020Revenue 2021: $155,374Expenses 2021: $155,374Net Income 2021: $02021Revenue 2024: $198,762Expenses 2024: $228,762Net Income 2024: -$30,0002024

Highlighted filing

2018

Revenue$162,540
Expenses$179,808
Net Income-$17,268
Jump To
Filing Snapshot
Filing Period
Jan 1, 2018 to Dec 31, 2018
Signed
Jun 4, 2019
Return Version
2018v3.1
Gross Receipts
$162,540
Mission and Program Overview

Mission

To spur economic development and retain intellectual capital in the tri-county area. Such activities are limited to exempt purposes set forth in internal revenue code section 501(c)(3). The primary purpose is to receive and administer funds for charitable purposes.

Program Services

DescriptionGrantsExpenses
TO ENHANCE ECONOMIC DEVELOPMENT THROUGH THE RECEIPT AND ADMINISTRATION OF CHARITABLE FUNDS.$145,000$151,040
MICHIGAN AVENUE UNDER THE BRIDGE PROJECT GRANT FOR A PUBLIC ART PROJECT TO COMMENCE IN 2016 AND 2017.$0$17,267
THROUGH LEAP'S PUBLIC ART FOR COMMUNITIES PROGRAM, TWO COMMUNITIES WERE GRANTED $5,000 EACH TO ENGAGE AN ARTIST TO PLACE A PIECE OF PUBLIC ART WITHIN THEIR CORE AREA.$10,000$10,000
CAPITAL REGION COMMUNITY FOUNDATION GRANT TO SUPPORT THE CAPITOL COLLECTIVE DBA LANSING 5:01 INITIATIVE TO ATTRACT AND RETAIN YOUNG TALENT TO THE LANSING REGION.$1,500$1,500
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
STEVE REYNOLDSAt Large Board Member-$0--
TIMOTHY SALISBURYAt Large Board Member-$0--
DON MCNABBAt Large Board Member-$0--
DEANNA SWISHERAt Large Board Member-$0--
STEVE CURRANPast Chair-$0--
ROBERT L TREZISE JRCEO-$0--
APRIL CLOBESChair-$0--
EDYTHE HATTER WILLIAMSVice Chair-$0--
JIM ROBINSONTreasurer-$0--
DARYL ADAMSSecretary-$0--
Filing and Contact Details

Filer

Filer Name
Leap Foundation Inc
EIN
26-0206557
Phone
5177023387
Address
1000 S WASHINGTON AVE NO 201, LANSING, MI 48910

Signing Officer

Name
Robert L Trezise Jr
Title
CEO
Phone
5177023387
Signed
2019-06-04
Discuss with paid preparer
Yes

Preparer

Firm
Rehmann Robson LLC
Address
2330 EAST PARIS AVE SE, GRAND RAPIDS, MI 49546
Preparer
Jeffrey E Hert CPA
Phone
6169754100
Supplemental Narrative

Additional Explanations

Form 990-ez, Part I, Line 8 - Other Revenue

Description: other revenue. Amount: 5,040.

Form 990-ez, Part I, Line 10 - Payments to Affiliates

Affiliate name: leap, inc.. Affiliate address: 1000 s. Washington ave. Ste. 201 lansing, mi 48910. Amount of payment: 145,000.

Form 990-ez, Part I, Line 16 - Other Expenses

Description: fee for service. Amount: 7,066. Description: program supplies. Amount: 10,202. Description: office. Amount: 5,040. Description: event support. Amount: 1,000. Total to form 990-ez, line 16: 23,308.

Form 990-ez, Part II, Line 26 - Other Liabilities

Description: deferred revenue. Beg. Of year amount: 35,000. End of year amount: 35,000.

Raw XML Appendix216 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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IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm0STEVE REYNOLDS
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm1TIMOTHY SALISBURY
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IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm3DEANNA SWISHER
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm4STEVE CURRAN
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm5ROBERT L TREZISE JR
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm6APRIL CLOBES
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm7EDYTHE HATTER WILLIAMS
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm8JIM ROBINSON
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm9DARYL ADAMS
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt0AT LARGE BOARD MEMBER
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt1AT LARGE BOARD MEMBER
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt2AT LARGE BOARD MEMBER
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt3AT LARGE BOARD MEMBER
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt4PAST CHAIR
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt5CEO
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt6CHAIR
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt7VICE CHAIR
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt8TREASURER
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt9SECRETARY
IRS990EZ/OperateHospitalInd00
IRS990EZ/Organization501c3Ind0X
IRS990EZ/OrganizationDissolvedEtcInd00
IRS990EZ/OrganizationHadUBIInd00
IRS990EZ/OtherChangesInNetAssetsAmt00
IRS990EZ/OtherExpensesTotalAmt023308
IRS990EZ/OtherRevenueTotalAmt05040
IRS990EZ/PartVIHghstPdCntrctProfSrvcTxt0NONE
IRS990EZ/PartVIOfCompOfHghstPdEmplTxt0NONE
IRS990EZ/PoliticalCampaignActyInd00
IRS990EZ/PrimaryExemptPurposeTxt0TO SPUR ECONOMIC DEVELOPMENT AND RETAIN INTELLECTUAL CAPITAL IN THE TRI-COUNTY AREA. SUCH ACTIVITIES ARE LIMITED TO EXEMPT PURPOSES SET FORTH IN INTERNAL REVENUE CODE SECTION 501(C)(3). THE PRIMARY PURPOSE IS TO RECEIVE AND ADMINISTER FUNDS FOR CHARITABLE PURPOSES.
IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt0TO ENHANCE ECONOMIC DEVELOPMENT THROUGH THE RECEIPT AND ADMINISTRATION OF CHARITABLE FUNDS.
IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt1MICHIGAN AVENUE UNDER THE BRIDGE PROJECT GRANT FOR A PUBLIC ART PROJECT TO COMMENCE IN 2016 AND 2017.
IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt2THROUGH LEAP'S PUBLIC ART FOR COMMUNITIES PROGRAM, TWO COMMUNITIES WERE GRANTED $5,000 EACH TO ENGAGE AN ARTIST TO PLACE A PIECE OF PUBLIC ART WITHIN THEIR CORE AREA.
IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt3CAPITAL REGION COMMUNITY FOUNDATION GRANT TO SUPPORT THE CAPITOL COLLECTIVE DBA LANSING 5:01 INITIATIVE TO ATTRACT AND RETAIN YOUNG TALENT TO THE LANSING REGION.
IRS990EZ/ProgramSrvcAccomplishmentGrp/GrantsAndAllocationsAmt0145000
IRS990EZ/ProgramSrvcAccomplishmentGrp/GrantsAndAllocationsAmt10
IRS990EZ/ProgramSrvcAccomplishmentGrp/GrantsAndAllocationsAmt210000
IRS990EZ/ProgramSrvcAccomplishmentGrp/GrantsAndAllocationsAmt31500
IRS990EZ/ProgramSrvcAccomplishmentGrp/ProgramServiceExpensesAmt0151040
IRS990EZ/ProgramSrvcAccomplishmentGrp/ProgramServiceExpensesAmt117267
IRS990EZ/ProgramSrvcAccomplishmentGrp/ProgramServiceExpensesAmt210000
IRS990EZ/ProgramSrvcAccomplishmentGrp/ProgramServiceExpensesAmt31500
IRS990EZ/ProhibitedTaxShelterTransInd00
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IRS990EZ/TotalRevenueAmt0162540
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IRS990EZ/TypeOfOrganizationCorpInd0X
IRS990EZ/WebsiteAddressTxt0WWW.PURELANSING.COM
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IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportNonSupportedOrgInd00
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IRS990ScheduleA/Form990SchAType1SuprtOrgGrp/OperateBenefitNonSuprtOrgInd00
IRS990ScheduleA/Form990SchAType1SuprtOrgGrp/PowerAppointMajorityDirTrstInd01
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt0THE ORGANIZATION REVIEWED THE IRS DETERMINATION LETTER PRIOR TO ISSUING ANY GRANT MONEY TO MAKE SURE THEY WERE A QUALIFIED SUPPORTED ORGANIZATION.
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt1THE EXECUTIVE BOARD APPROVES ALL TRANSFERS TO THE SUPPORTED ORGANIZATION. THE FUNDS ARE FOR A DESIGNATED PURPOSE AND THE BOARD FOLLOWS UP TO MAKE SURE THE FUNDS WERE USED APPROPRIATELY.
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc0PART IV, SECTION A, LINE 3B:
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc1PART IV, SECTION A, LINE 3C:
IRS990ScheduleA/IRSWrittenDeterminationInd0X
IRS990ScheduleA/OtherSupportSumAmt00
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IRS990ScheduleA/SupportedOrgInformationGrp/OtherSupportAmt00
IRS990ScheduleA/SupportedOrgInformationGrp/SupportAmt0145000
IRS990ScheduleA/SupportedOrgInformationGrp/SupportedOrganizationName/BusinessNameLine1Txt0LANSING ECONOMIC AREA PARTNERSHIP INC
IRS990ScheduleA/SupportingOrganization509a3Ind0X
IRS990ScheduleA/SupportingOrgType1Ind0X
IRS990ScheduleA/SupportSumAmt0145000
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0DESCRIPTION: OTHER REVENUE. AMOUNT: 5,040.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1AFFILIATE NAME: LEAP, INC.. AFFILIATE ADDRESS: 1000 S. WASHINGTON AVE. STE. 201 LANSING, MI 48910. AMOUNT OF PAYMENT: 145,000.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2DESCRIPTION: FEE FOR SERVICE. AMOUNT: 7,066. DESCRIPTION: PROGRAM SUPPLIES. AMOUNT: 10,202. DESCRIPTION: OFFICE. AMOUNT: 5,040. DESCRIPTION: EVENT SUPPORT. AMOUNT: 1,000. TOTAL TO FORM 990-EZ, LINE 16: 23,308.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3DESCRIPTION: DEFERRED REVENUE. BEG. OF YEAR AMOUNT: 35,000. END OF YEAR AMOUNT: 35,000.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990-EZ, PART I, LINE 8 - OTHER REVENUE
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990-EZ, PART I, LINE 10 - PAYMENTS TO AFFILIATES
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990-EZ, PART I, LINE 16 - OTHER EXPENSES
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990-EZ, PART II, LINE 26 - OTHER LIABILITIES
TransferPrsnlBnftContractsDecl/DeclarationDesc0THE ORGANIZATION DID NOT, DURING THE YEAR, RECEIVE ANY FUNDS, DIRECTLY,OR INDIRECTLY, TO PAY PREMIUMS ON A PERSONAL BENEFIT CONTRACT.THE ORGANIZATION, DID NOT, DURING THE YEAR, PAY ANY PREMIUMS, DIRECTLY,OR INDIRECTLY, ON A PERSONAL BENEFIT CONTRACT.
ReturnHeader/BuildTS02019-02-21 02:37:17Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0ROBERT L TREZISE JR
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0CEO
ReturnHeader/BusinessOfficerGrp/PhoneNum05177023387
ReturnHeader/BusinessOfficerGrp/SignatureDt02019-06-04
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0LEAP FOUNDATION INC
ReturnHeader/Filer/BusinessNameControlTxt0LEAP
ReturnHeader/Filer/EIN0260206557
ReturnHeader/Filer/PhoneNum05177023387
ReturnHeader/Filer/USAddress/AddressLine1Txt01000 S WASHINGTON AVE NO 201
ReturnHeader/Filer/USAddress/CityNm0LANSING
ReturnHeader/Filer/USAddress/StateAbbreviationCd0MI
ReturnHeader/Filer/USAddress/ZIPCd048910
ReturnHeader/FilingSecurityInformation/AtSubmissionCreationDeviceId0DA39A3EE5E6B4B0D3255BFEF95601890AFD80709
ReturnHeader/FilingSecurityInformation/AtSubmissionFilingDeviceId06B63B5289454C84CED47E59C1F0FDA2150384606
ReturnHeader/FilingSecurityInformation/FilingLicenseTypeCd0P
ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt066.188.13.38
ReturnHeader/FilingSecurityInformation/IPDt02019-06-04
ReturnHeader/FilingSecurityInformation/IPTimezoneCd0ED
ReturnHeader/FilingSecurityInformation/IPTm008:24:10
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0383567911
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0REHMANN ROBSON LLC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt02330 EAST PARIS AVE SE
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0GRAND RAPIDS
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0MI
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd049546
ReturnHeader/PreparerPersonGrp/PhoneNum06169754100
ReturnHeader/PreparerPersonGrp/PreparationDt02019-06-04
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0JEFFREY E HERT CPA
ReturnHeader/ReturnTs02019-06-05T10:38:08-05:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/TaxPeriodBeginDt02018-01-01
ReturnHeader/TaxPeriodEndDt02018-12-31
ReturnHeader/TaxYr02018

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.78$0.47$0.31$1.99$2.29$0.30
2021Detailed filing. Detailed filing data is available for this year.$1.41$1.30$0.11$1.55$1.55$0.00
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.17$0.06$0.11$1.57$1.61$0.05
2019Detailed filing. Detailed filing data is available for this year.$0.50$0.35$0.15$1.70$1.70$0.00
2018Detailed filing. Detailed filing data is available for this year.$0.50$0.35$0.15$1.63$1.80$0.17
2017Detailed filing. Detailed filing data is available for this year.$0.68$0.35$0.33$1.56$1.79$0.23
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.96$0.40$0.56$1.47$2.17$0.70
2015XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.61$0.35$1.26$2.46$1.36$1.10
2014Detailed filing. Detailed filing data is available for this year.$0.51$0.35$0.16$1.38$1.28$0.10
2013Detailed filing. Detailed filing data is available for this year.$0.32$0.26$0.06$1.42$1.42$0.00
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.06$0.06$1.23$1.38$0.15
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.23$0.03$0.21$0.96$1.61$0.65