Civic Intelligence

The Leap Foundation Inc

990 • Fiscal year 2016 • EIN 26-1809669

Jan 01, 2016 to Dec 31, 2016 • Filed on Nov 17, 2017

Organization ProfileWWW.LEAPFOUNDATIONUSA.ORG

View Organization Page

2080 Century Park East No 415Los Angeles, CA 90067

(877) 855-5327

Siviq Scores

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

Liabilities / Assets

100th percentile

16.79x

Higher debt load relative to assets than 100% of similar nonprofits.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2016

Liabilities / Revenue

78th percentile

0.54x

Higher debt load relative to revenue than 78% of similar nonprofits.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2016

Net Margin

59th percentile

5.4%

Higher net margin than 59% of similar nonprofits.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2016

Top Officer Pay

51st percentile

$65,783

Higher top officer pay than 51% of similar nonprofits.

Top officer pay equals 6.4% of source-year revenue.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2016

Asset Growth

94th percentile

77%

Faster asset growth than 94% of similar nonprofits.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2015 to 2016

Revenue Growth

95th percentile

122%

Faster revenue growth than 95% of similar nonprofits.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2015 to 2016

Balance Sheet
Liabilities / Assets100th percentile

Assets

Up

$33,108

Up $14,452 (+77%) from 2015

Net Assets

Up

-$522,876

Up $55,460 (+9.6%) from 2015

Liabilities

Down

$555,984

Down $41,008 (-6.9%) from 2015

Revenue And Expenses
Liabilities / Revenue78th percentileNet Margin59th percentile

Revenue

Up

$1,022,719

Up $562,945 (+122%) from 2015

Expenses

Up

$967,259

Up $93,623 (+11%) from 2015

Net Income

Up

$55,460

Up $469,322 (+113%) from 2015

Historical Trend

Balance Sheet Trend

Asset Growth94th percentile

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

$2.0M$1.0M$0-$1.0MAssets 2012: $231,024Liabilities 2012: $1,667Net Assets 2012: $229,3572012Assets 2013: $98,666Liabilities 2013: $3,409Net Assets 2013: $95,2572013Assets 2014: $163,165Liabilities 2014: $327,639Net Assets 2014: -$164,4742014Assets 2015: $18,656Liabilities 2015: $596,992Net Assets 2015: -$578,3362015Assets 2016: $33,108Liabilities 2016: $555,984Net Assets 2016: -$522,8762016Assets 2017: $16,960Liabilities 2017: $982,249Net Assets 2017: -$965,2892017Assets 2018: $53,043Liabilities 2018: $435,258Net Assets 2018: -$382,2152018Assets 2019: $90,682Liabilities 2019: $648,761Net Assets 2019: -$558,0792019Assets 2020: $102,167Liabilities 2020: $704,795Net Assets 2020: -$602,6282020Assets 2021: $52,105Liabilities 2021: $746,875Net Assets 2021: -$694,7702021Assets 2022: $417,796Liabilities 2022: $1,091,551Net Assets 2022: -$673,7552022Assets 2024: $48,045Liabilities 2024: $668,414Net Assets 2024: -$620,3692024

Highlighted filing

2016

Assets$33,108
Liabilities$555,984
Net Assets-$522,876
Open 2016 Filing

Operations Trend

Revenue Growth95th percentile

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

$2.0M$1.0M$0-$1.0MExpenses 2012: $687,3752012Revenue 2013: $600,800Expenses 2013: $734,900Net Income 2013: -$134,1002013Revenue 2014: $498,068Expenses 2014: $757,799Net Income 2014: -$259,7312014Revenue 2015: $459,774Expenses 2015: $873,636Net Income 2015: -$413,8622015Revenue 2016: $1,022,719Expenses 2016: $967,259Net Income 2016: $55,4602016Revenue 2017: $618,623Expenses 2017: $1,061,036Net Income 2017: -$442,4132017Revenue 2018: $1,776,711Expenses 2018: $1,193,637Net Income 2018: $583,0742018Revenue 2019: $571,734Expenses 2019: $747,598Net Income 2019: -$175,8642019Revenue 2020: $339,041Expenses 2020: $383,590Net Income 2020: -$44,5492020Revenue 2021: $306,824Expenses 2021: $398,965Net Income 2021: -$92,1412021Revenue 2022: $717,070Expenses 2022: $696,055Net Income 2022: $21,0152022Revenue 2024: $887,158Expenses 2024: $853,562Net Income 2024: $33,5962024

Highlighted filing

2016

Revenue$1,022,719
Expenses$967,259
Net Income$55,460
Open 2016 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2016 to Dec 31, 2016
Signed
Nov 17, 2017
Return Version
2016v3.0
Gross Receipts
$1,022,719
Mission and Program Overview

Mission

The mission of leap is to help high school and college students, as well as recent graduates get ahead in life. We do this by hosting a one week summer program at ucla where the curriculum is based on experiences of those who have accomplished great success - both professionally and personally. We are non-profit organization committed to developing mentor relationships and helping today's youth succeed.

The leap foundation, inc. ("leap") is a california not-for-profit that organizes leadership conferences designed to teach young adults the skills necessary to get a seven year jump-start on life. Leap's leadership programs aim to teach young adults important skills like how to assume leadership roles, plan a career path, manage personal finances, among others, with the primary goal to motivate them and instill in them the self confidence necessary to excel in both their personal and professional lives.

Balance Sheet Detail
LineBeginningEndChange
Assets
Loans From Officers Directors$549,962$549,962→ $0
Cash and Non-Interest-Bearing Accounts-$15,128-
Accounts Receivable$10,426$10,426→ $0
Land, Buildings, and Equipment, Net$4,372$2,864▼ $1,508
Prepaid Expenses and Deferred Charges$1,513$2,345▲ $832
Total Assets$18,656$33,108▲ $14,452
Other Assets Total$2,345$2,345→ $0
Liabilities
Other Liabilities$46,958$5,950▼ $41,008
Accounts Payable and Accrued Expenses$72$72→ $0
Total Liabilities$596,992$555,984▼ $41,008
Net Assets / Fund Balance
Unrestricted Net Assets$-578,336$-522,876▲ $55,460
Total Net Assets Fund Balance$-578,336$-522,876▲ $55,460
Total Liabilities and Net Assets / Fund Balance$18,656$33,108▲ $14,452

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$1,955$3,520$5,475
Equipment$909$4,059$4,968
Other Assets Org$2,345--
Compensation and Service Providers
Top Officer Pay51st percentile

Employees

NameTitleFull / Part TimeBaseTotal
Charlie GallagherExecutive DirectorFT$65,783$65,783

Board Members and Trustees

NameTitle
Dr William DorfmanPresident
Trisha SantoroBoard Member
Revenue and Support

Revenue Composition

Contributions and Grants
$701,186
Program Service Revenue
$321,533
Investment Income
$0
Other Revenue
$0
All Other Contributions
$701,186
Change in Net Assets
$55,460
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$707,587
Salaries, Compensation, and Employee Benefits$198,072
Total Fundraising Expense$104,220
Professional Fundraising Fees$61,600
Grants and Similar Amounts Paid$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Conferences and Meetings$315,161--$315,161
Comp Disqual Persons$85,767$16,082$5,361$107,210
Advertising$80,769-$18,063$98,832
Current Officers, Directors, Trustees, and Key Employees$52,627$9,867$3,289$65,783
Fees for Services Professional Fundraising--$61,600$61,600
Travel$44,676--$44,676
Occupancy-$38,328-$38,328
Fees for Services Other$19,474-$4,074$23,548
Payroll Taxes$11,063$2,074$691$13,828
All Other Expenses$9,439$1,391$1,100$11,930
Insurance$2,966$8,711$185$11,862
Other Expenses$11,534$4,240$8,481$11,534
Other Employee Benefits$9,000$1,688$563$11,251
Office Expenses$6,961$3,576-$10,537
Information Technology$3,693$923-$4,616
Fees for Services Legal-$4,080-$4,080
Fees for Services Accounting-$2,700-$2,700
Depreciation Depletion-$1,508-$1,508
Interest$611$153-$764
Total Functional Expenses$767,718$95,321$104,220$967,259
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
Yes

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$61,600
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Loans from Officers, Directors, Trustees, and Key Employees$549,962$549,962→ $0
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Credit Card Liabilities$5,950
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Backup withholding compliance
Yes
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
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

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

“The form 990 is distributed to officers, board members, and the executive director for review and comment.”

Form 990, Part VI, Section B, Line 12C

“Each director, principal officer and member of a committee with governing board delegated powers shall annually sign a statement which affirms such person a) has received a copy of the conflicts of interest policy, b) has read and understands the policy, c) has agreed to comply with the policy, and d) understands the tax-exempt charitable purposes of the organization. The leap foundation also performs period reviews that will, at a minimum, include a) an evaluation of compensation arrangements and benefits, and b) whether all arrangements conform to the organization's written policiies, are properly recorded, reflect reasonable investment or payments for goods and services, further charitable purposes and do not result in inurement, impermissible private benefit or in an excess benefit transaction.”

Form 990, Part VI, Section B, Line 15

“The leap foundation may use outside advisors when conducting periodic reviews for purposes of determining the reasonableness of compensation arrangements and benefits.”

Form 990, Part VI, Section C, Line 19

“The governing documents, conflicts of interest policy, and financial statements (or a copy of the form 990 in lieu of the financial statements) are available for public inspection. In the case of in-person requests, copies will be provided within a reasonable period of time, and within 30 days in the case of written requests. The organization may charge reasonable copying costs and postage before providing the copies.”

Form 990, Part VII Contact Addresses for Officers, Directors, Etc

“Dr. William dorfman - 2080 century park east, suite 1601, los angeles, ca 90067. Trisha santoro - 2080 century park east, suite 1601, los angeles, ca 90067. Charlie gallagher - 2080 century park east, suite 1601, los angeles, ca 90067.”

Filing and Contact Details

Filer

Filer Name
The Leap Foundation Inc
EIN
26-1809669
Phone
8778555327
Address
2080 CENTURY PARK EAST NO 415, LOS ANGELES, CA 90067
Doing Business As
The Leadership Excellence Accelerating Potential Foundation Inc

Signing Officer

Name
Charlie Gallagher
Title
Executive Director
Phone
8778555327
Signed
2017-11-17
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Dr William Dorfman
Formed
2008
Legal Domicile
CA
Voting Board Members
3
Independent Board Members
3
Employees
4
Volunteers
0

Preparer

Firm
William W Hurtt CPA
Address
315 S BEVERLY DR STE 510, BEVERLY HILLS, CA 90212
Preparer
William W Hurtt CPA
Phone
3104409200
Raw XML AppendixShowing 400 of 434 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/ActivityOrMissionDesc0THE LEAP FOUNDATION, INC. ("LEAP") IS A CALIFORNIA NOT-FOR-PROFIT THAT ORGANIZES LEADERSHIP CONFERENCES DESIGNED TO TEACH YOUNG ADULTS THE SKILLS NECESSARY TO GET A SEVEN YEAR JUMP-START ON LIFE. LEAP'S LEADERSHIP PROGRAMS AIM TO TEACH YOUNG ADULTS IMPORTANT SKILLS LIKE HOW TO ASSUME LEADERSHIP ROLES, PLAN A CAREER PATH, MANAGE PERSONAL FINANCES, AMONG OTHERS, WITH THE PRIMARY GOAL TO MOTIVATE THEM AND INSTILL IN THEM THE SELF CONFIDENCE NECESSARY TO EXCEL IN BOTH THEIR PERSONAL AND PROFESSIONAL LIVES.
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IRS990/Desc0THE LEAP LEADERSHIP PROGRAM CONSISTS OF A SERIES OF WORKSHOPS, SEMINARS, LECTURES, GUEST SPEAKERS, GROUP DISCUSSIONS AND OTHER EDUCATIONAL ACTIVITIES THAT ARE DESIGNED FOR STRUGGLING STUDENTS, AGES 15 TO 24. THE LEAP PROGRAM PROVIDES USEFUL TACTICS AND EMBEDDED KNOWLEDGE THAT HELPS STUDENTS GET A COMPETITIVE EDGE OVER THEIR PEERS FOR JOBS, INTERNSHIPS AND ADMISSION TO GRADUATE SCHOOL AND PAVES THE WAY FOR ACADEMIC AND PERSONAL EXCELLENCE. IN 2011, THE LEAP STUDENT BODY REPRESENTED 43 OF THE 50 U.S. STATES AND 6 COUNTRIES, INCLUDING CANADA.
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IRS990/MissionDesc0THE MISSION OF LEAP IS TO HELP HIGH SCHOOL AND COLLEGE STUDENTS, AS WELL AS RECENT GRADUATES GET AHEAD IN LIFE. WE DO THIS BY HOSTING A ONE WEEK SUMMER PROGRAM AT UCLA WHERE THE CURRICULUM IS BASED ON EXPERIENCES OF THOSE WHO HAVE ACCOMPLISHED GREAT SUCCESS - BOTH PROFESSIONALLY AND PERSONALLY. WE ARE NON-PROFIT ORGANIZATION COMMITTED TO DEVELOPING MENTOR RELATIONSHIPS AND HELPING TODAY'S YOUTH SUCCEED.
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IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt055460
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd01
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt0321533
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/CurrentTaxYearAmt0677436
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/CurrentTaxYearMinus1YearAmt0100000
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/CurrentTaxYearMinus2YearsAmt0175000
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/CurrentTaxYearMinus3YearsAmt0189229
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/CurrentTaxYearMinus4YearsAmt032600
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt01174265
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt0701186
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt0152825
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt0239609
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt0276159
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus4YearsAmt0123928
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt01493707
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt0321533
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt0306949
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt0258459
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt0324641
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt0284982
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt01496564
IRS990ScheduleA/InvestmentIncomeCYPct00.00000
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.60730
IRS990ScheduleA/PublicSupportPY509Pct00.73180
IRS990ScheduleA/PublicSupportTotal509Amt01816006
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearAmt0677436
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearMinus1YearAmt0100000
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearMinus2YearsAmt0175000
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearMinus3YearsAmt0189229
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearMinus4YearsAmt032600
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/TotalAmt01174265
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt01022719
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt0459774
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt0498068
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt0600800
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt0408910
IRS990ScheduleA/Total509Grp/TotalAmt02990271
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt01022719
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt0459774
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt0498068
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt0600800
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt0408910
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt02990271
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/EquipmentGrp/BookValueAmt0909
IRS990ScheduleD/EquipmentGrp/DepreciationAmt04059
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt04968
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt02345
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0SECURITY DEPOSIT
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt01955
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt03520
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt05475
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt05950
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0CREDIT CARD LIABILITIES
IRS990ScheduleD/TotalBookValueLandBuildingsAmt02864
IRS990ScheduleD/TotalBookValueOtherAssetsAmt02345
IRS990ScheduleD/TotalLiabilityAmt05950
IRS990ScheduleG/AgrmtProfFundraisingActyInd01
IRS990ScheduleG/FundraiserActivityInfoGrp/ActivityTxt0MARKETING CONSULTANT
IRS990ScheduleG/FundraiserActivityInfoGrp/FundraiserControlOfFundsInd00
IRS990ScheduleG/FundraiserActivityInfoGrp/GrossReceiptsAmt00
IRS990ScheduleG/FundraiserActivityInfoGrp/NetToOrganizationAmt0-61600
IRS990ScheduleG/FundraiserActivityInfoGrp/PersonNm0MARK LACK
IRS990ScheduleG/FundraiserActivityInfoGrp/RetainedByContractorAmt061600
IRS990ScheduleG/FundraiserActivityInfoGrp/USAddress/AddressLine1Txt0850 E OCEAN BLVD 305
IRS990ScheduleG/FundraiserActivityInfoGrp/USAddress/CityNm0LONG BEACH
IRS990ScheduleG/FundraiserActivityInfoGrp/USAddress/StateAbbreviationCd0CA
IRS990ScheduleG/FundraiserActivityInfoGrp/USAddress/ZIPCd090802
IRS990ScheduleG/SolicitationOfGovtGrantsInd0X
IRS990ScheduleG/SolicitationOfNonGovtGrantsInd0X
IRS990ScheduleG/TotalNetToOrganizationAmt0-61600
IRS990ScheduleG/TotalRetainedByContractorsAmt061600
IRS990/ScheduleJRequiredInd00
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BalanceDueAmt0549962
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BoardOrCommitteeApprovalInd01
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/DefaultInd00
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanPurposeTxt0TO FINANCE ON-GOING PROGRAM EXPENSES.
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanToOrganizationInd0X
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/OriginalPrincipalAmt0326629
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/PersonNm0DR WILLIAM DORFMAN
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/RelationshipWithOrgTxt0PRESIDENT
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/WrittenAgreementInd01
IRS990ScheduleL/TotalBalanceDueAmt0549962
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE FORM 990 IS DISTRIBUTED TO OFFICERS, BOARD MEMBERS, AND THE EXECUTIVE DIRECTOR FOR REVIEW AND COMMENT.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1EACH DIRECTOR, PRINCIPAL OFFICER AND MEMBER OF A COMMITTEE WITH GOVERNING BOARD DELEGATED POWERS SHALL ANNUALLY SIGN A STATEMENT WHICH AFFIRMS SUCH PERSON A) HAS RECEIVED A COPY OF THE CONFLICTS OF INTEREST POLICY, B) HAS READ AND UNDERSTANDS THE POLICY, C) HAS AGREED TO COMPLY WITH THE POLICY, AND D) UNDERSTANDS THE TAX-EXEMPT CHARITABLE PURPOSES OF THE ORGANIZATION. THE LEAP FOUNDATION ALSO PERFORMS PERIOD REVIEWS THAT WILL, AT A MINIMUM, INCLUDE A) AN EVALUATION OF COMPENSATION ARRANGEMENTS AND BENEFITS, AND B) WHETHER ALL ARRANGEMENTS CONFORM TO THE ORGANIZATION'S WRITTEN POLICIIES, ARE PROPERLY RECORDED, REFLECT REASONABLE INVESTMENT OR PAYMENTS FOR GOODS AND SERVICES, FURTHER CHARITABLE PURPOSES AND DO NOT RESULT IN INUREMENT, IMPERMISSIBLE PRIVATE BENEFIT OR IN AN EXCESS BENEFIT TRANSACTION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE LEAP FOUNDATION MAY USE OUTSIDE ADVISORS WHEN CONDUCTING PERIODIC REVIEWS FOR PURPOSES OF DETERMINING THE REASONABLENESS OF COMPENSATION ARRANGEMENTS AND BENEFITS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE GOVERNING DOCUMENTS, CONFLICTS OF INTEREST POLICY, AND FINANCIAL STATEMENTS (OR A COPY OF THE FORM 990 IN LIEU OF THE FINANCIAL STATEMENTS) ARE AVAILABLE FOR PUBLIC INSPECTION. IN THE CASE OF IN-PERSON REQUESTS, COPIES WILL BE PROVIDED WITHIN A REASONABLE PERIOD OF TIME, AND WITHIN 30 DAYS IN THE CASE OF WRITTEN REQUESTS. THE ORGANIZATION MAY CHARGE REASONABLE COPYING COSTS AND POSTAGE BEFORE PROVIDING THE COPIES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4DR. WILLIAM DORFMAN - 2080 CENTURY PARK EAST, SUITE 1601, LOS ANGELES, CA 90067. TRISHA SANTORO - 2080 CENTURY PARK EAST, SUITE 1601, LOS ANGELES, CA 90067. CHARLIE GALLAGHER - 2080 CENTURY PARK EAST, SUITE 1601, LOS ANGELES, CA 90067.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 15
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART VII CONTACT ADDRESSES FOR OFFICERS, DIRECTORS, ETC
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0CA
IRS990/SubjectToProxyTaxInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TempOrPermanentEndowmentsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt018656
IRS990/TotalAssetsEOYAmt033108
IRS990/TotalAssetsGrp/BOYAmt018656
IRS990/TotalAssetsGrp/EOYAmt033108
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt0701186
IRS990/TotalEmployeeCnt04
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt0104220
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt095321
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0767718
IRS990/TotalFunctionalExpensesGrp/TotalAmt0967259
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0596992
IRS990/TotalLiabilitiesEOYAmt0555984
IRS990/TotalLiabilitiesGrp/BOYAmt0596992
IRS990/TotalLiabilitiesGrp/EOYAmt0555984
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0-578336
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0-522876
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt0767718
IRS990/TotalProgramServiceRevenueAmt0321533
IRS990/TotalReportableCompFromOrgAmt065783
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0321533
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt01022719
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt018656
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt033108
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TravelGrp/ProgramServicesAmt044676
IRS990/TravelGrp/TotalAmt044676
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UnrestrictedNetAssetsGrp/BOYAmt0-578336
IRS990/UnrestrictedNetAssetsGrp/EOYAmt0-522876
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt02080 CENTURY PARK EAST NO 415
IRS990/USAddress/CityNm0LOS ANGELES
IRS990/USAddress/StateAbbreviationCd0CA
IRS990/USAddress/ZIPCd090067
IRS990/VotingMembersGoverningBodyCnt03
IRS990/VotingMembersIndependentCnt03
IRS990/WebsiteAddressTxt0WWW.LEAPFOUNDATIONUSA.ORG
IRS990/WhistleblowerPolicyInd00
ReturnHeader/BuildTS02018-03-14 21:41:22Z

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2016 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$33,108
Liabilities
$555,984
Net assets
-$522,876
Revenue
$1,022,719
Expenses
$967,259
Net income
$55,460
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.05$0.67$0.62$0.89$0.85$0.03
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.42$1.09$0.67$0.72$0.70$0.02
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.05$0.75$0.69$0.31$0.40$0.09
2020Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.10$0.70$0.60$0.34$0.38$0.04
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.09$0.65$0.56$0.57$0.75$0.18
2018Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.05$0.44$0.38$1.78$1.19$0.58
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.02$0.98$0.97$0.62$1.06$0.44
2016Detailed filing. Detailed filing data is available for this year.$0.03$0.56$0.52$1.02$0.97$0.06
2015Detailed filing. Detailed filing data is available for this year.$0.02$0.60$0.58$0.46$0.87$0.41
2014Detailed filing. Detailed filing data is available for this year.$0.16$0.33$0.16$0.50$0.76$0.26
2013Detailed filing. Detailed filing data is available for this year.$0.10$0.00$0.10$0.60$0.73$0.13
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.23$0.00$0.23$0.69