Civic Intelligence

Leap for Education Inc.

990 • Fiscal year 2016 • EIN 47-1445061

Jul 01, 2015 to Jun 30, 2016 • Filed on Sep 01, 2016

Organization Profilewww.leap4ed.org
35 Congress StSalem, MA 01970

(781) 248-5759

Siviq Scores

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

Liabilities / Assets

69th percentile

0.18x

Higher debt load relative to assets than 69% of similar nonprofits.

2016 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2016

Liabilities / Revenue

58th percentile

0.06x

Higher debt load relative to revenue than 58% of similar nonprofits.

2016 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2016

Net Margin

84th percentile

29%

Higher net margin than 84% of similar nonprofits.

2016 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2016

Top Officer Pay

72nd percentile

$62,020

Higher top officer pay than 72% of similar nonprofits.

Top officer pay equals 6.6% of source-year revenue.

2016 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2016

Asset Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2016

Revenue Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2016

Balance Sheet
Liabilities / Assets69th percentile

Assets

$349,606

No earlier filing loaded for comparison.

Net Assets

$288,317

No earlier filing loaded for comparison.

Liabilities

$61,289

No earlier filing loaded for comparison.

Revenue And Expenses
Liabilities / Revenue58th percentileNet Margin84th percentile

Revenue

$944,173

No earlier filing loaded for comparison.

Expenses

$671,681

No earlier filing loaded for comparison.

Net Income

$272,492

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

Asset GrowthScore unavailable

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

$3.0M$2.0M$1.0M$0Assets 2016: $349,606Liabilities 2016: $61,289Net Assets 2016: $288,3172016Assets 2017: $364,506Liabilities 2017: $28,999Net Assets 2017: $335,5072017Assets 2018: $396,607Liabilities 2018: $43,214Net Assets 2018: $353,3932018Assets 2019: $611,499Liabilities 2019: $139,736Net Assets 2019: $471,7632019Assets 2020: $1,177,585Liabilities 2020: $283,472Net Assets 2020: $894,1132020Assets 2021: $1,539,260Liabilities 2021: $413,507Net Assets 2021: $1,125,7532021Assets 2022: $1,573,811Liabilities 2022: $333,262Net Assets 2022: $1,240,5492022Assets 2023: $2,074,713Liabilities 2023: $582,894Net Assets 2023: $1,491,8192023Assets 2024: $2,021,281Liabilities 2024: $512,790Net Assets 2024: $1,508,4912024Assets 2025: $1,638,805Liabilities 2025: $383,295Net Assets 2025: $1,255,5102025

Highlighted filing

2016

Assets$349,606
Liabilities$61,289
Net Assets$288,317
Open 2016 Filing

Operations Trend

Revenue GrowthScore unavailable

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

$3.0M$2.0M$1.0M$0-$1.0MRevenue 2016: $944,173Expenses 2016: $671,681Net Income 2016: $272,4922016Revenue 2017: $837,080Expenses 2017: $789,890Net Income 2017: $47,1902017Revenue 2018: $950,052Expenses 2018: $932,166Net Income 2018: $17,8862018Revenue 2019: $1,157,723Expenses 2019: $1,039,353Net Income 2019: $118,3702019Revenue 2020: $1,572,860Expenses 2020: $1,150,510Net Income 2020: $422,3502020Revenue 2021: $1,696,162Expenses 2021: $1,464,522Net Income 2021: $231,6402021Revenue 2022: $1,946,703Expenses 2022: $1,831,907Net Income 2022: $114,7962022Revenue 2023: $2,587,311Expenses 2023: $2,336,041Net Income 2023: $251,2702023Revenue 2024: $2,813,804Expenses 2024: $2,797,132Net Income 2024: $16,6722024Revenue 2025: $2,495,189Expenses 2025: $2,748,170Net Income 2025: -$252,9812025

Highlighted filing

2016

Revenue$944,173
Expenses$671,681
Net Income$272,492
Open 2016 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2015 to Jun 30, 2016
Signed
Sep 1, 2016
Return Version
2015v2.1
Gross Receipts
$944,173
Mission and Program Overview

Mission

To provide academic services to low income and first generation students in grades 6 - 16.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$32,142$307,660▲ $275,518
Accounts Receivable$14,973$23,995▲ $9,022
Prepaid Expenses and Deferred Charges$3,000$16,368▲ $13,368
Land, Buildings, and Equipment, Net-$1,583-
Total Assets$50,115$349,606▲ $299,491
Liabilities
Accounts Payable and Accrued Expenses$58,694$55,289▼ $3,405
Deferred Revenue-$6,000-
Total Liabilities$58,694$61,289▲ $2,595
Net Assets / Fund Balance
Unrestricted Net Assets$-8,579$288,317▲ $296,896
Total Net Assets Fund Balance$-8,579$288,317▲ $296,896
Total Liabilities and Net Assets / Fund Balance$50,115$349,606▲ $299,491

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$1,583$791$2,374
Compensation and Service Providers
Top Officer Pay72nd percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Linda SarisPresidentFT$48,215$13,805$62,020

Board Members and Trustees

NameTitle
Dr David SilvaDirector
Elaine WebbDirector
Jonathan OfilosDirector
Terence McGinnisDirector
Ellen GalliganClerk
Jody GoldmanTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$275,578
Program Service Revenue
$607,491
Investment Income
$1,119
Other Revenue
$59,985
All Other Contributions
$231,882
Change in Net Assets
$272,492

Audited Revenue Reconciliation

Revenue per Audited Statements
$884,188
Revenue Not Reported on Form 990
$26,691
Total Revenue per Audited Statements
$910,879
Total Revenue per Form 990
$884,188
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$454,247
Other Expenses$217,434
Total Fundraising Expense$36,311
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$294,891$19,198$11,717$325,806
Fees for Services Other$90,534--$90,534
Occupancy$37,579$17,198-$54,777
Current Officers, Directors, Trustees, and Key Employees$19,286$14,465$14,465$48,216
Other Employee Benefits$39,244$4,205$3,270$46,719
Payroll Taxes$28,145$3,016$2,345$33,506
Fees for Services Accounting$12,000$19,100$2,400$33,500
Other Expenses$11,599$2,418$668$14,685
Insurance$4,409$1,776-$6,185
Travel$3,031$70-$3,101
Advertising$1,097-$1,446$2,543
Depreciation Depletion-$791-$791
Total Functional Expenses$553,133$82,237$36,311$671,681

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$698,370
Expenses per Audited Statements$671,679
Total Expenses per Form 990$671,679
Expenses Not Reported on Form 990$26,691
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Raffle$61,849$61,849$11,974$49,875
Total Events$61,849$61,849$18,153$43,696
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
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
No
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 governing body review Part VI line 11

“The Board reviews the 990 prior to issueance.”

Conflict of interest policy compliance Part VI line 12C

“The Board is required to comply with the conflict of interest policy and inform the Board of any conflicts annually.”

CEO executive director top management comp Part VI line 15A

“The Board determines the salary for the Executive Director using current wage information for non-profits.”

Governing documents etc available to public Part VI line 19

“Governing documents are available upon request or on the Massachusetts Secretary of State website.”

Filing and Contact Details

Filer

Filer Name
LEAP for Education Inc
EIN
47-1445061
Address
35 Congress St, Salem, MA 01970

Signing Officer

Name
Linda Saris
Title
President
Phone
9787406667
Signed
2016-09-01
Discuss with paid preparer
No

Organization Details

Formed
2014
Legal Domicile
Ma
Voting Board Members
7
Independent Board Members
6
Employees
17

Preparer

Firm
Melissa Gilroy CPA
Address
80 Greenacre Rd, Westwood, MA 02090
Preparer
Melissa Gilroy
Phone
7816964019
Supplemental Narrative

Additional Explanations

Amended return infomation

“The 990 was amended due to two contributions not being reported on Schedule B in the original submission. Additionally, there is currently no document retention plan, however, in the original submission, this was inappropriately marked as a policy of the organization.”

List of other fees for services expenses Part IX line 11G

“Other services include student and teach stipends and other educational services for program delivery.”

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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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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0The 990 was amended due to two contributions not being reported on Schedule B in the original submission. Additionally, there is currently no document retention plan, however, in the original submission, this was inappropriately marked as a policy of the organization.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1The Board reviews the 990 prior to issueance.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2The Board is required to comply with the conflict of interest policy and inform the Board of any conflicts annually.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3The Board determines the salary for the Executive Director using current wage information for non-profits.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4Governing documents are available upon request or on the Massachusetts Secretary of State website.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5Other services include student and teach stipends and other educational services for program delivery.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Amended return infomation
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990 governing body review Part VI line 11
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Conflict of interest policy compliance Part VI line 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3CEO executive director top management comp Part VI line 15a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Governing documents etc available to public Part VI line 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5List of other fees for services expenses Part IX line 11g
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ReturnHeader/BuildTS02017-02-10 21:41:12Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0false
ReturnHeader/BusinessOfficerGrp/PersonNm0Linda Saris
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0President
ReturnHeader/BusinessOfficerGrp/PhoneNum09787406667
ReturnHeader/BusinessOfficerGrp/SignatureDt02016-09-01
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0LEAP for Education Inc
ReturnHeader/Filer/BusinessNameControlTxt0LEAP
ReturnHeader/Filer/EIN0471445061
ReturnHeader/Filer/USAddress/AddressLine1Txt035 Congress St
ReturnHeader/Filer/USAddress/CityNm0Salem
ReturnHeader/Filer/USAddress/StateAbbreviationCd0MA
ReturnHeader/Filer/USAddress/ZIPCd001970
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0271616877
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0Melissa Gilroy CPA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt080 Greenacre Rd
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0Westwood
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0MA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd002090
ReturnHeader/PreparerPersonGrp/PhoneNum07816964019
ReturnHeader/PreparerPersonGrp/PreparationDt02016-09-12
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0Melissa Gilroy
ReturnHeader/PreparerPersonGrp/SelfEmployedInd0X
ReturnHeader/ReturnTs02016-09-12T15:09:43-04:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02015-07-01
ReturnHeader/TaxPeriodEndDt02016-06-30
ReturnHeader/TaxYr02015

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
$349,606
Liabilities
$61,289
Net assets
$288,317
Revenue
$944,173
Expenses
$671,681
Net income
$272,492
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$1.64$0.38$1.26$2.50$2.75$0.25
2024Detailed filing. Detailed filing data is available for this year.$2.02$0.51$1.51$2.81$2.80$0.02
2023Detailed filing. Detailed filing data is available for this year.$2.07$0.58$1.49$2.59$2.34$0.25
2022Detailed filing. Detailed filing data is available for this year.$1.57$0.33$1.24$1.95$1.83$0.11
2021Detailed filing. Detailed filing data is available for this year.$1.54$0.41$1.13$1.70$1.46$0.23
2020Detailed filing. Detailed filing data is available for this year.$1.18$0.28$0.89$1.57$1.15$0.42
2019Detailed filing. Detailed filing data is available for this year.$0.61$0.14$0.47$1.16$1.04$0.12
2018Detailed filing. Detailed filing data is available for this year.$0.40$0.04$0.35$0.95$0.93$0.02
2017Detailed filing. Detailed filing data is available for this year.$0.36$0.03$0.34$0.84$0.79$0.05
2016Detailed filing. Detailed filing data is available for this year.$0.35$0.06$0.29$0.94$0.67$0.27