Civic Intelligence

The Leap Foundation Inc

990 • Fiscal year 2017 • EIN 26-1809669

Jan 01, 2017 to Dec 31, 2017 • Filed on Nov 13, 2018

Organization ProfileWWW.LEAPFOUNDATIONUSA.ORG
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

57.92x

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

2017 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2017

Liabilities / Revenue

93rd percentile

1.59x

Higher debt load relative to revenue than 93% of similar nonprofits.

2017 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2017

Net Margin

4th percentile

-72%

Higher net margin than 4% of similar nonprofits.

2017 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2017

Top Officer Pay

77th percentile

$70,000

Higher top officer pay than 77% of similar nonprofits.

Top officer pay equals 11.3% of source-year revenue.

2017 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2017

Asset Growth

3rd percentile

-49%

Faster asset growth than 3% of similar nonprofits.

2017 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2016 to 2017

Revenue Growth

6th percentile

-40%

Faster revenue growth than 6% of similar nonprofits.

2017 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2016 to 2017

Balance Sheet
Liabilities / Assets100th percentile

Assets

Down

$16,960

Down $16,148 (-49%) from 2016

Net Assets

Down

-$965,289

Down $442,413 (-85%) from 2016

Liabilities

Up

$982,249

Up $426,265 (+77%) from 2016

Revenue And Expenses
Liabilities / Revenue93rd percentileNet Margin4th percentile

Revenue

Down

$618,623

Down $404,096 (-40%) from 2016

Expenses

Up

$1,061,036

Up $93,777 (+9.7%) from 2016

Net Income

Down

-$442,413

Down $497,873 (-898%) from 2016

Historical Trend

Balance Sheet Trend

Asset Growth3rd 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

2017

Assets$16,960
Liabilities$982,249
Net Assets-$965,289
Open 2017 Filing

Operations Trend

Revenue Growth6th 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

2017

Revenue$618,623
Expenses$1,061,036
Net Income-$442,413
Open 2017 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2017 to Dec 31, 2017
Signed
Nov 13, 2018
Return Version
2017v2.3
Gross Receipts
$618,623
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$978,843▲ $428,881
Cash and Non-Interest-Bearing Accounts$15,128$0▼ $15,128
Accounts Receivable$10,426$10,817▲ $391
Prepaid Expenses and Deferred Charges$2,345$2,345→ $0
Land, Buildings, and Equipment, Net$2,864$1,453▼ $1,411
Total Assets$33,108$16,960▼ $16,148
Other Assets Total$2,345$2,345→ $0
Liabilities
Other Liabilities$5,950$3,334▼ $2,616
Accounts Payable and Accrued Expenses$72$72→ $0
Total Liabilities$555,984$982,249▲ $426,265
Net Assets / Fund Balance
Unrestricted Net Assets$-522,876$-965,289▼ $442,413
Total Net Assets Fund Balance$-522,876$-965,289▼ $442,413
Total Liabilities and Net Assets / Fund Balance$33,108$16,960▼ $16,148

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$1,173$4,302$5,475
Equipment$280$4,688$4,968
Other Assets Org$2,345--
Compensation and Service Providers
Top Officer Pay77th percentile

Employees

NameTitleFull / Part TimeBaseTotal
Charlie GallagherExecutive DirectorFT$70,000$70,000

Board Members and Trustees

NameTitle
Dr William DorfmanPresident
Trisha SantoroBoard Member

Highest Paid Contractors

ContractorServicesLocationCompensation
Zumaeta GroupOnline Marketing14623 MCCORMICK ST, Sherman Oaks, CA 91411$228,625
Revenue and Support

Revenue Composition

Contributions and Grants
$250,827
Program Service Revenue
$353,886
Investment Income
$0
Other Revenue
$13,910
All Other Contributions
$250,827
Change in Net Assets
$-442,413
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$888,544
Salaries, Compensation, and Employee Benefits$172,492
Total Fundraising Expense$77,348
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Conferences and Meetings$310,781--$310,781
Advertising$40,200-$42,351$82,551
Other Salaries and Wages$62,000$11,625$3,875$77,500
Current Officers, Directors, Trustees, and Key Employees$28,000$28,000$14,000$70,000
Occupancy-$38,667-$38,667
Travel$24,060$5,374-$29,434
Fees for Services Other$20,096$5,543$1,257$26,896
All Other Expenses$18,507$2,570$2,235$23,312
Office Expenses$14,652$4,001$50$18,703
Other Expenses$17,395-$899$17,395
Payroll Taxes$10,650$1,997$666$13,313
Other Employee Benefits$9,343$1,752$584$11,679
Information Technology$7,304$1,826-$9,130
Insurance$4,427$549-$4,976
Fees for Services Accounting-$3,221-$3,221
Depreciation Depletion-$1,411-$1,411
Total Functional Expenses$877,152$106,536$77,348$1,061,036
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
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Loans from Officers, Directors, Trustees, and Key Employees$549,962$978,843▲ $428,881
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Cash Overdraft$2,488
Credit Card Liabilities$846
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
2018-11-13
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
3
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 422 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/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt00
IRS990/PYOtherExpensesAmt0707587
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt0321533
IRS990/PYRevenuesLessExpensesAmt055460
IRS990/PYSalariesCompEmpBnftPaidAmt0198072
IRS990/PYTotalExpensesAmt0967259
IRS990/PYTotalProfFndrsngExpnsAmt061600
IRS990/PYTotalRevenueAmt01022719
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0-442413
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd01
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt0353886
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/CurrentTaxYearAmt0100000
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/CurrentTaxYearMinus1YearAmt0677436
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/CurrentTaxYearMinus2YearsAmt0100000
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/CurrentTaxYearMinus3YearsAmt0175000
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/CurrentTaxYearMinus4YearsAmt0189229
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt01241665
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt0150827
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt0701186
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt0152825
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt0239609
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus4YearsAmt0276159
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt01520606
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt0353886
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt0321533
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt0306949
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt0258459
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt0324641
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt01565468
IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/CurrentTaxYearAmt013910
IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/TotalAmt013910
IRS990ScheduleA/InvestmentIncomeCYPct00.00000
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.59950
IRS990ScheduleA/PublicSupportPY509Pct00.60730
IRS990ScheduleA/PublicSupportTotal509Amt01858319
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearAmt0100000
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearMinus1YearAmt0677436
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearMinus2YearsAmt0100000
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearMinus3YearsAmt0175000
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearMinus4YearsAmt0189229
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/TotalAmt01241665
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt0518623
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt01022719
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt0459774
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt0498068
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt0600800
IRS990ScheduleA/Total509Grp/TotalAmt03099984
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt0518623
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt01022719
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt0459774
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt0498068
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt0600800
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt03099984
IRS990/ScheduleBRequiredInd01
IRS990ScheduleD/EquipmentGrp/BookValueAmt0280
IRS990ScheduleD/EquipmentGrp/DepreciationAmt04688
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt04968
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt02345
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0SECURITY DEPOSIT
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt01173
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt04302
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt05475
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0846
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt12488
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0CREDIT CARD LIABILITIES
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1CASH OVERDRAFT
IRS990ScheduleD/TotalBookValueLandBuildingsAmt01453
IRS990ScheduleD/TotalBookValueOtherAssetsAmt02345
IRS990ScheduleD/TotalLiabilityAmt03334
IRS990/ScheduleJRequiredInd00
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BalanceDueAmt0978843
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/TotalBalanceDueAmt0978843
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/TotalAssetsBOYAmt033108
IRS990/TotalAssetsEOYAmt016960
IRS990/TotalAssetsGrp/BOYAmt033108
IRS990/TotalAssetsGrp/EOYAmt016960
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt0250827
IRS990/TotalEmployeeCnt03
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt077348
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0106536
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0877152
IRS990/TotalFunctionalExpensesGrp/TotalAmt01061036
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0555984
IRS990/TotalLiabilitiesEOYAmt0982249
IRS990/TotalLiabilitiesGrp/BOYAmt0555984
IRS990/TotalLiabilitiesGrp/EOYAmt0982249
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0-522876
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0-965289
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt0877152
IRS990/TotalProgramServiceRevenueAmt0353886
IRS990/TotalReportableCompFromOrgAmt070000
IRS990/TotalRevenueGrp/ExclusionAmt013910
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0353886
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0618623
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt033108
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt016960
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TravelGrp/ManagementAndGeneralAmt05374
IRS990/TravelGrp/ProgramServicesAmt024060
IRS990/TravelGrp/TotalAmt029434
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UnrestrictedNetAssetsGrp/BOYAmt0-522876
IRS990/UnrestrictedNetAssetsGrp/EOYAmt0-965289
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/BuildTS02019-02-21 02:37:17Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0CHARLIE GALLAGHER
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0EXECUTIVE DIRECTOR
ReturnHeader/BusinessOfficerGrp/PhoneNum08778555327
ReturnHeader/BusinessOfficerGrp/SignatureDt02018-11-13
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0THE LEAP FOUNDATION INC
ReturnHeader/Filer/BusinessNameControlTxt0LEAP
ReturnHeader/Filer/EIN0261809669
ReturnHeader/Filer/PhoneNum08778555327
ReturnHeader/Filer/USAddress/AddressLine1Txt02080 CENTURY PARK EAST NO 415
ReturnHeader/Filer/USAddress/CityNm0LOS ANGELES
ReturnHeader/Filer/USAddress/StateAbbreviationCd0CA

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2017 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$16,960
Liabilities
$982,249
Net assets
-$965,289
Revenue
$618,623
Expenses
$1,061,036
Net income
-$442,413
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
2017Detailed filing. Detailed filing data is available for this year.$0.02$0.98$0.97$0.62$1.06$0.44
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$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