Civic Intelligence

Leap Inc.

990 • Fiscal year 2024 • EIN 31-1740634

Jul 01, 2023 to Jun 30, 2024 • Filed on May 01, 2024

49725 County Road 83 Attn Tim RiceStaples, MN 56479

(218) 296-0396

Siviq Scores

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

Liabilities / Assets

56th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2024 filings • 501(c)3 • <$500k nonprofits • Source year 2024

Liabilities / Revenue

57th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2024 filings • 501(c)3 • <$500k nonprofits • Source year 2024

Net Margin

74th percentile

20%

Higher net margin than 74% of similar nonprofits.

2024 filings • 501(c)3 • <$500k nonprofits • Source year 2024

Top Officer Pay

84th percentile

$14,000

Higher top officer pay than 84% of similar nonprofits.

Top officer pay equals 6.1% of source-year revenue.

2024 filings • 501(c)3 • <$500k nonprofits • Source year 2024

Asset Growth

82nd percentile

40%

Faster asset growth than 82% of similar nonprofits.

2024 filings • 501(c)3 • <$500k nonprofits • Annualized from 2023 to 2024

Revenue Growth

49th percentile

2.2%

Faster revenue growth than 49% of similar nonprofits.

2024 filings • 501(c)3 • <$500k nonprofits • Annualized from 2023 to 2024

Assets

Up

$163,945

Up $46,813 (+40%) from 2023

Net Assets

Up

$163,945

Up $46,813 (+40%) from 2023

Liabilities

Flat

$0

Flat from 2023

Revenue

Up

$230,113

Up $4,889 (+2.2%) from 2023

Expenses

Down

$183,300

Down $59,207 (-24%) from 2023

Net Income

Up

$46,813

Up $64,096 (+371%) from 2023

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: $63,737Liabilities 2011: $3,974Net Assets 2011: $59,7632011Assets 2012: $38,746Liabilities 2012: $3,125Net Assets 2012: $35,6212012Assets 2013: $33,476Liabilities 2013: $256Net Assets 2013: $33,2202013Assets 2014: $29,079Net Assets 2014: $29,0792014Assets 2018: $63,151Net Assets 2018: $63,1512018Assets 2019: $57,371Net Assets 2019: $57,3712019Assets 2020: $80,001Net Assets 2020: $80,0012020Assets 2021: $62,850Net Assets 2021: $62,8502021Assets 2022: $134,415Net Assets 2022: $134,4152022Assets 2023: $117,132Liabilities 2023: $0Net Assets 2023: $117,1322023Assets 2024: $163,945Liabilities 2024: $0Net Assets 2024: $163,9452024

Highlighted filing

2024

Assets$163,945
Liabilities$0
Net Assets$163,945

Operations Trend

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

$300K$200K$100K$0-$100KRevenue 2011: $144,768Expenses 2011: $183,628Net Income 2011: -$38,8602011Revenue 2012: $118,839Expenses 2012: $142,981Net Income 2012: -$24,1422012Revenue 2013: $88,991Expenses 2013: $91,392Net Income 2013: -$2,4012013Revenue 2014: $19,412Expenses 2014: $23,553Net Income 2014: -$4,1412014Revenue 2018: $82,934Expenses 2018: $65,001Net Income 2018: $17,9332018Revenue 2019: $97,949Expenses 2019: $103,729Net Income 2019: -$5,7802019Revenue 2020: $86,247Expenses 2020: $63,617Net Income 2020: $22,6302020Revenue 2021: $97,917Expenses 2021: $115,068Net Income 2021: -$17,1512021Revenue 2022: $181,089Expenses 2022: $109,524Net Income 2022: $71,5652022Revenue 2023: $225,224Expenses 2023: $242,507Net Income 2023: -$17,2832023Revenue 2024: $230,113Expenses 2024: $183,300Net Income 2024: $46,8132024

Highlighted filing

2024

Revenue$230,113
Expenses$183,300
Net Income$46,813
Jump To
Filing Snapshot
Filing Period
Jul 1, 2023 to Jun 30, 2024
Signed
May 1, 2024
Return Version
2023v6.0
Gross Receipts
$245,204
Mission and Program Overview

Mission

Objectives are to: 1. Work as a liaison between the community and school district, 2. Support volunteerism in the school and community, 3. Identify viable ways for the school to adapt to current economics and demographic circumstances, 4. Determine the strengths and weaknesses of the district through focus group meetings and decide which options provide the most benefits for the community and the school district, 5. Building a stronger staples community that will enrich the quality of life now and for future generations, 6. Determine the strengths and weaknesses of the community through focus group meetings and decide which options provide the most benefits for the community and businesses, 7. Facilitate the citizens, city government, and businesses in staples to improve communication and planning and work together on projects.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$96,719$142,985▲ $46,266
Savings and Temporary Cash Investments$20,413$20,960▲ $547
Total Assets$117,132$163,945▲ $46,813
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Net Assets With Donor Restrictions$114,758$162,041▲ $47,283
Net Assets Without Donor Restrictions$2,374$1,904▼ $470
Total Net Assets Fund Balance$117,132$163,945▲ $46,813
Total Liabilities and Net Assets / Fund Balance$117,132$163,945▲ $46,813
Compensation and Service Providers

Employees

NameTitleBaseTotal
Renee KrollDirector$14,000$14,000
Melanie LeeDirector$1,500$1,500

Board Members and Trustees

NameTitle
Tim RiceChair, Exec
Jerel NelsenVice Chair,
Erich HeppnerDirector
Hope WilliamsDirector
Jef CichosDirector
Jeff BoothDirector
Lani RobertsDirector
Lucas WakefieldDirector
Mark AndersonDirector
Mary IvesDirector
Mary KobliskaDirector
Ron MurrayDirector
Sandy KnosallaDirector
Sheila HoehnDirector
Staci HeadleyDirector
Sue NanikDirector
Tom KajerDirector
Chad CoauetteDirector, Ex
Lisa BjergaDirector, Ex
Melissa WymanDirector, Ex
Shane TappeDirector, Ex
Chris EtzlerSec/treas, E
Revenue and Support

Revenue Composition

Contributions and Grants
$170,473
Program Service Revenue
$11,083
Investment Income
$547
Other Revenue
$48,010
All Other Contributions
$125,332
Change in Net Assets
$46,813
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$132,405
Grants and Similar Amounts Paid$31,004
Salaries, Compensation, and Employee Benefits$19,891
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Other$43,915$25-$43,940
Grants to Domestic Orgs$31,004--$31,004
All Other Expenses$22,840--$22,840
Current Officers, Directors, Trustees, and Key Employees$19,891--$19,891
Advertising$13,592--$13,592
Conferences and Meetings$12,177$50-$12,227
Occupancy$8,123--$8,123
Other Expenses$5,825--$5,825
Fees for Services Accounting-$2,445-$2,445
Fees for Services Management$918--$918
Insurance$284$267-$551
Travel$320--$320
Office Expenses$175$56-$231
Total Functional Expenses$180,457$2,843$0$183,300
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Staples Economic Development AuthorStaples, MN--$7,614
Morrison County Agricultural AssociMotley, MN3-$7,500
Sparks Mentoring of Staples MotleyStaples, MNGov-$7,140
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$54,626
Fundraising Direct Expenses$15,091
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Booster Club Fu$54,626$54,626$15,091$39,535
Total Events$54,626$54,626$15,091$39,535
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
Backup withholding compliance
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
No
Audited financial statements prepared
No
Key decisions subject to board approval
Yes
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 2

Jerel nelsen lucas wakefield director director business relationship jerel nelsen ron murray director director business relationship

Form 990, Page 6, Part VI, Line 7B

Except as otherwise provided by statute or by the organization's by-laws, a majority of all of the directors shall be required to constitute a quorum for the transaction of business at any meeting, and the act of a majority of the directors present at any meeting at which a quorum is present shall be the act of the board of directors.

Form 990, Page 6, Part VI, Line 11B

The organization's chairperson will review the form 990 prior to filing, then a copy will be given to each board member.

Form 990, Page 6, Part VI, Line 19

Governing documents are available upon request.

Filing and Contact Details

Filer

Filer Name
Leap Inc
EIN
31-1740634
Phone
2182960396
Address
49725 COUNTY ROAD 83 ATTN TIM RICE, STAPLES, MN 56479

Signing Officer

Name
Tim Rice
Title
Chair, Exec Comm
Phone
2182960396
Signed
2024-05-01

Organization Details

Principal Officer
Tim Rice
Formed
2000
Legal Domicile
Mn
Voting Board Members
24
Independent Board Members
22
Employees
0
Volunteers
24

Preparer

Firm
Clasen & Schiessl Cpas Ltd
Address
30954 GOVERNMENT DRIVE, PEQUOT LAKES, MN 56472
Preparer
Julie a Nelson
Phone
2185685242
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S MISSION

Objectives are to: 1. Work as a liaison between the community and school district, 2. Support volunteerism in the school and community, 3. Identify viable ways for the school to adapt to current economics and demographic circumstances, 4. Determine the strengths and weaknesses of the district through focus group meetings and decide which options provide the most benefits for the community and the school district, 5. Building a stronger staples community that will enrich the quality of life now and for future generations, 6. Determine the strengths and weaknesses of the community through focus group meetings and decide which options provide the most benefits for the community and businesses, 7. Facilitate the citizens, city government, and businesses in staples to improve communication and planning and work together on projects.

Form 990, Page 1, Part I, Line 6

Leap board members are all volunteers.

Form 990, Page 2, Part III, Line 4D

Batcher block opera house - helped arrange for an appraisal of a historical building. Transferred funds from an expired activity to the staples eda. Central mn barn quilts - obtained supplies for holding a barn quilt class. Barn quilts are displayed around town as a tourist attraction. Friends of the library - purchase items and provide grants to support programming for the local public library. Centennial auditorium - provided for acoustic consulting of the space. Health connections provides a forum for communication and collaboration to improve the health of people in the communities of todd and wadena counties. The major focus points for the year were lactation & car seat classes. Hooked on fishing - assisted a local group of volunteers in planning a "hooked on fishing, not drugs" event for local kids. Sisters with sass - assisted the group with attending a training conferences. The group is a women's mentorship program focused on empowering women through work, education, and well-being. Sm activities foundation - assisted with purchase of apparel to boost school spirit and helped provide for a state-bound wrestling bus. Staples motley athletic hall of fame produced a hall of fame booklet, and activities for the annual awards ceremony. Assisted the staples motley parent teacher connection with an event and a book fair. Helped launch sparks mentoring into their own 501(c)(3) organization. The program facilitates mentors who volunteer in school to build children's academic skills, self awareness, communication, and relationships by becoming a reading buddy or lunchtime buddy. Mentors are trained on reading strategies and building communication and caring relationships with children. High school booster clubs (basketball, cheerleading, baseball, golf, softball,music, speech and volleyball) - pay tournament registration fees, uniforms, music tour, equipment and supplies of the local high school teams.

Form 990, Part IX, Line 11G

Appraisal 4,000 0 0 consultant - barn quilts 500 0 0 consultant - acoustics 4,200 0 0 contracted help depot lightng 250 0 0 gradblast entertainment 1,750 0 0 consultant -picture day pro 2,477 0 0 hall of fame design work 8,359 0 0 contractor jv bball dugouts 5,400 0 0 rr days entertainment 4,829 0 0 rr days fireworks consultants 4,300 0 0 speakers - lactation event 3,549 0 0 music contest instrmtl judges 250 0 0 state filing fee 0 25 0 volleyball jo coaching fees 600 0 0 tourism content/soc med/photo 1,680 0 0 visitor's guide-advertising photo shoots 1,771 0 0 total 43,915 25 0

Form 990, Part IX, Line 24E

Library materials 2,640 0 0 sm music supplies sm equp 2,630 0 0 staples events supplies 2,553 0 0 volleyball tourn regist 2,512 0 0 vball camp/trng/subscript 2,210 0 0 barn quilt supplies 1,669 0 0 hooked on fishing supplie 1,542 0 0 healthy connect training 1,289 0 0 tourism suppls/domain fee 1,265 0 0 speech supplies 1,097 0 0 golf uniforms/supplies 886 0 0 staples activities suppli 880 0 0 cheer uniforms/supplies 687 0 0 sparks 501c3 application 477 0 0 smptc fun run medals 393 0 0 hall of fame permits fees 110 0 0 total 22,840 0 0

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IRS990/Form990PartVIISectionAGrp/TitleTxt0CHAIR, EXEC
IRS990/Form990PartVIISectionAGrp/TitleTxt1SEC/TREAS, E
IRS990/Form990PartVIISectionAGrp/TitleTxt2VICE CHAIR,
IRS990/Form990PartVIISectionAGrp/TitleTxt3DIRECTOR, EX
IRS990/Form990PartVIISectionAGrp/TitleTxt4DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt5DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt6DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt7DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt8DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt9DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt10DIRECTOR, EX
IRS990/Form990PartVIISectionAGrp/TitleTxt11DIRECTOR, EX
IRS990/Form990PartVIISectionAGrp/TitleTxt12DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt13DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt14DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt15DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt16DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt17DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt18DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt19DIRECTOR, EX
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IRS990/Form990PartVIISectionAGrp/TitleTxt21DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt22DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt23DIRECTOR
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IRS990/MissionDesc0OBJECTIVES ARE TO: 1. WORK AS A LIAISON BETWEEN THE COMMUNITY AND SCHOOL DISTRICT, 2. SUPPORT VOLUNTEERISM IN THE SCHOOL AND COMMUNITY, 3. IDENTIFY VIABLE WAYS FOR THE SCHOOL TO ADAPT TO CURRENT ECONOMICS AND DEMOGRAPHIC CIRCUMSTANCES, 4. DETERMINE THE STRENGTHS AND WEAKNESSES OF THE DISTRICT THROUGH FOCUS GROUP MEETINGS AND DECIDE WHICH OPTIONS PROVIDE THE MOST BENEFITS FOR THE COMMUNITY AND THE SCHOOL DISTRICT, 5. BUILDING A STRONGER STAPLES COMMUNITY THAT WILL ENRICH THE QUALITY OF LIFE NOW AND FOR FUTURE GENERATIONS, 6. DETERMINE THE STRENGTHS AND WEAKNESSES OF THE COMMUNITY THROUGH FOCUS GROUP MEETINGS AND DECIDE WHICH OPTIONS PROVIDE THE MOST BENEFITS FOR THE COMMUNITY AND BUSINESSES, 7. FACILITATE THE CITIZENS, CITY GOVERNMENT, AND BUSINESSES IN STAPLES TO IMPROVE COMMUNICATION AND PLANNING AND WORK TOGETHER ON PROJECTS.
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IRS990/PrincipalOfficerNm0TIM RICE
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IRS990/ProgSrvcAccomActy2Grp/Desc0EVENTS - HELPED SUPPORT THE CITY OF STAPLES WITH ITS SUMMER CELEBRATION AND A HOLIDAY MEAL.
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IRS990/ProgSrvcAccomActy3Grp/Desc0ASSISTED OTHER LOCAL ORGANIZATIONS WITH A CHRISTMAS 4 KIDS EVENT, CEMETERY UPKEEP, SPORTSMENS CLUB ACTIVITIES, SCHOOL ACTIVITIES, GRADBLAST ACTIVITIES, SENIOR BANNER DISPLAYS FOR GRADUATION, AND ASSISTANCE TO MORRISON COUNTY AG.
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IRS990/ProgSrvcAccomActyOtherGrp/Desc0BATCHER BLOCK OPERA HOUSE - HELPED ARRANGE FOR AN APPRAISAL OF A HISTORICAL BUILDING. TRANSFERRED FUNDS FROM AN EXPIRED ACTIVITY TO THE STAPLES EDA. CENTRAL MN BARN QUILTS - OBTAINED SUPPLIES FOR HOLDING A BARN QUILT CLASS. BARN QUILTS ARE DISPLAYED AROUND TOWN AS A TOURIST ATTRACTION. FRIENDS OF THE LIBRARY - PURCHASE ITEMS AND PROVIDE GRANTS TO SUPPORT PROGRAMMING FOR THE LOCAL PUBLIC LIBRARY. CENTENNIAL AUDITORIUM - PROVIDED FOR ACOUSTIC CONSULTING OF THE SPACE. HEALTH CONNECTIONS PROVIDES A FORUM FOR COMMUNICATION AND COLLABORATION TO IMPROVE THE HEALTH OF PEOPLE IN THE COMMUNITIES OF TODD AND WADENA COUNTIES. THE MAJOR FOCUS POINTS FOR THE YEAR WERE LACTATION & CAR SEAT CLASSES. HOOKED ON FISHING - ASSISTED A LOCAL GROUP OF VOLUNTEERS IN PLANNING A "HOOKED ON FISHING, NOT DRUGS" EVENT FOR LOCAL KIDS. SISTERS WITH SASS - ASSISTED THE GROUP WITH ATTENDING A TRAINING CONFERENCES. THE GROUP IS A WOMEN'S MENTORSHIP PROGRAM FOCUSED ON EMPOWERING WOMEN THROUGH WORK, EDUCATION, AND WELL-BEING. SM ACTIVITIES FOUNDATION - ASSISTED WITH PURCHASE OF APPAREL TO BOOST SCHOOL SPIRIT AND HELPED PROVIDE FOR A STATE-BOUND WRESTLING BUS. STAPLES MOTLEY ATHLETIC HALL OF FAME PRODUCED A HALL OF FAME BOOKLET, AND ACTIVITIES FOR THE ANNUAL AWARDS CEREMONY. ASSISTED THE STAPLES MOTLEY PARENT TEACHER CONNECTION WITH AN EVENT AND A BOOK FAIR. HELPED LAUNCH SPARKS MENTORING INTO THEIR OWN 501(C)(3) ORGANIZATION. THE PROGRAM FACILITATES MENTORS WHO VOLUNTEER IN SCHOOL TO BUILD CHILDREN'S ACADEMIC SKILLS, SELF AWARENESS, COMMUNICATION, AND RELATIONSHIPS BY BECOMING A READING BUDDY OR LUNCHTIME BUDDY. MENTORS ARE TRAINED ON READING STRATEGIES AND BUILDING COMMUNICATION AND CARING RELATIONSHIPS WITH CHILDREN. HIGH SCHOOL BOOSTER CLUBS (BASKETBALL, CHEERLEADING, BASEBALL, GOLF, SOFTBALL,MUSIC, SPEECH AND VOLLEYBALL) - PAY TOURNAMENT REGISTRATION FEES, UNIFORMS, MUSIC TOUR, EQUIPMENT AND SUPPLIES OF THE LOCAL HIGH SCHOOL TEAMS.
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