Civic Intelligence

Leap for Education Inc.

990 • Fiscal year 2017 • EIN 47-1445061

Jul 01, 2016 to Jun 30, 2017 • Filed on Sep 30, 2017

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

60th percentile

0.08x

Higher debt load relative to assets than 60% of similar nonprofits.

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

Liabilities / Revenue

50th percentile

0.03x

Higher debt load relative to revenue than 50% of similar nonprofits.

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

Net Margin

55th percentile

5.6%

Higher net margin than 55% of similar nonprofits.

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

Top Officer Pay

70th percentile

$58,567

Higher top officer pay than 70% of similar nonprofits.

Top officer pay equals 7.0% of source-year revenue.

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

Asset Growth

53rd percentile

4.3%

Faster asset growth than 53% of similar nonprofits.

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

Revenue Growth

21st percentile

-11%

Faster revenue growth than 21% of similar nonprofits.

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

Balance Sheet
Liabilities / Assets60th percentile

Assets

Up

$364,506

Up $14,900 (+4.3%) from 2016

Net Assets

Up

$335,507

Up $47,190 (+16%) from 2016

Liabilities

Down

$28,999

Down $32,290 (-53%) from 2016

Revenue And Expenses
Liabilities / Revenue50th percentileNet Margin55th percentile

Revenue

Down

$837,080

Down $107,093 (-11%) from 2016

Expenses

Up

$789,890

Up $118,209 (+18%) from 2016

Net Income

Down

$47,190

Down $225,302 (-83%) from 2016

Historical Trend

Balance Sheet Trend

Asset Growth53rd percentile

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

2017

Assets$364,506
Liabilities$28,999
Net Assets$335,507
Open 2017 Filing

Operations Trend

Revenue Growth21st percentile

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

2017

Revenue$837,080
Expenses$789,890
Net Income$47,190
Open 2017 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2016 to Jun 30, 2017
Signed
Sep 30, 2017
Return Version
2016v3.0
Gross Receipts
$837,080
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$307,660$318,183▲ $10,523
Accounts Receivable$23,995$24,228▲ $233
Prepaid Expenses and Deferred Charges$16,368$21,303▲ $4,935
Land, Buildings, and Equipment, Net$1,583$792▼ $791
Total Assets$349,606$364,506▲ $14,900
Liabilities
Accounts Payable and Accrued Expenses$55,289$26,999▼ $28,290
Deferred Revenue$6,000$2,000▼ $4,000
Total Liabilities$61,289$28,999▼ $32,290
Net Assets / Fund Balance
Unrestricted Net Assets$288,317$302,174▲ $13,857
Temporarily Rstr Net Assets-$33,333-
Total Net Assets Fund Balance$288,317$335,507▲ $47,190
Total Liabilities and Net Assets / Fund Balance$349,606$364,506▲ $14,900

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$792$1,582$2,374
Compensation and Service Providers
Top Officer Pay70th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Linda SarisPresidentFT$48,100$10,467$58,567

Board Members and Trustees

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

Revenue Composition

Contributions and Grants
$835,639
Program Service Revenue
$0
Investment Income
$1,341
Other Revenue
$100
All Other Contributions
$540,023
Change in Net Assets
$47,190

Audited Revenue Reconciliation

Revenue per Audited Statements
$837,080
Total Revenue per Audited Statements
$837,080
Total Revenue per Form 990
$837,080
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$569,930
Other Expenses$219,960
Total Fundraising Expense$99,473
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$359,807$13,672$50,780$424,259
Fees for Services Other$57,610$2,326$5,025$64,961
Occupancy$48,394$3,630$8,469$60,493
Other Employee Benefits$46,992$3,524$8,223$58,739
Current Officers, Directors, Trustees, and Key Employees$19,240$14,430$14,430$48,100
Payroll Taxes$31,066$2,330$5,436$38,832
Fees for Services Accounting$12,000$17,604$2,400$32,004
Other Expenses$18,394$3,376$2,401$24,171
Insurance$5,474$2,145-$7,619
Advertising$410$1,464$2,190$4,064
Travel$2,756$335$119$3,210
Depreciation Depletion$633$158-$791
Total Functional Expenses$625,423$64,994$99,473$789,890

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$789,890
Total Expenses per Audited Statements$789,890
Total Expenses per Form 990$789,890
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$99,332$83,327$14,634$68,693
Total Events$99,332$83,327$22,733$60,594
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
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 issuance.”

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
2017-09-30
Discuss with paid preparer
No

Organization Details

Formed
2014
Legal Domicile
Ma
Voting Board Members
8
Independent Board Members
7
Employees
56

Preparer

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

Additional Explanations

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

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

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IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt01119
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt02450
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearAmt0100
IRS990ScheduleA/OtherIncome509Grp/TotalAmt0100
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IRS990ScheduleA/PublicSupportTotal509Amt01633474
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt0759040
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt0839373
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt035061
IRS990ScheduleA/Total509Grp/TotalAmt01633474
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt0760471
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt0840492
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt035061
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt00
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt01636024
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/ScheduleBRequiredInd0true
IRS990ScheduleD/EquipmentGrp/BookValueAmt0792
IRS990ScheduleD/EquipmentGrp/DepreciationAmt01582
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt02374
IRS990ScheduleD/ExpensesSubtotalAmt0789890
IRS990ScheduleD/RevenueSubtotalAmt0837080
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0792
IRS990ScheduleD/TotalExpensesPerForm990Amt0789890
IRS990ScheduleD/TotalRevenuePerForm990Amt0837080
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0837080
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0789890
IRS990ScheduleG/FundraisingEventInformationGrp/CharitableContributionsTotAmt016005
IRS990ScheduleG/FundraisingEventInformationGrp/CharitableContriEvent1Amt016005
IRS990ScheduleG/FundraisingEventInformationGrp/DirectExpenseSummaryEventsAmt022733
IRS990ScheduleG/FundraisingEventInformationGrp/Event1Nm0Raffle
IRS990ScheduleG/FundraisingEventInformationGrp/FoodAndBeverageEvent1Amt01000
IRS990ScheduleG/FundraisingEventInformationGrp/FoodAndBeverageTotalEventsAmt01000
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent1Amt099332
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsTotalAmt099332
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueEvent1Amt083327
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueTotalEventsAmt083327
IRS990ScheduleG/FundraisingEventInformationGrp/NetIncomeSummaryAmt060594
IRS990ScheduleG/FundraisingEventInformationGrp/OthDirectExpnssTotalEventsAmt014634
IRS990ScheduleG/FundraisingEventInformationGrp/OtherDirectExpensesEvent1Amt014634
IRS990ScheduleG/FundraisingEventInformationGrp/RentFacilityCostsEvent1Amt07099
IRS990ScheduleG/FundraisingEventInformationGrp/RentFcltyCostsTotalEventsAmt07099
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0The Board reviews the 990 prior to issuance.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1The Board is required to comply with the conflict of interest policy and inform the Board of any conflicts annually.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2The Board determines the salary for the Executive Director using current wage information for non-profits.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3Governing documents are available upon request or on the Massachusetts Secretary of State website.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4Other services include student and teacher stipends and other educational services for program delivery.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990 governing body review Part VI line 11
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Conflict of interest policy compliance Part VI line 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2CEO executive director top management comp Part VI line 15a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Governing documents etc available to public Part VI line 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4List of other fees for services expenses Part IX line 11g
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IRS990/SignificantNewProgramSrvcInd0false
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IRS990/SubjectToProxyTaxInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
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IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
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IRS990/TotalAssetsEOYAmt0364506
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IRS990/TotalAssetsGrp/EOYAmt0364506
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IRS990/TotalContributionsAmt0835639
IRS990/TotalEmployeeCnt056
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt099473
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt064994
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0625423
IRS990/TotalFunctionalExpensesGrp/TotalAmt0789890
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt061289
IRS990/TotalLiabilitiesEOYAmt028999
IRS990/TotalLiabilitiesGrp/BOYAmt061289
IRS990/TotalLiabilitiesGrp/EOYAmt028999
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IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0335507
IRS990/TotalOtherCompensationAmt010467
IRS990/TotalProgramServiceExpensesAmt0625423
IRS990/TotalReportableCompFromOrgAmt048100
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt01441
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0837080
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0349606
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0364506
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TravelGrp/FundraisingAmt0119
IRS990/TravelGrp/ManagementAndGeneralAmt0335
IRS990/TravelGrp/ProgramServicesAmt02756
IRS990/TravelGrp/TotalAmt03210
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UnrestrictedNetAssetsGrp/BOYAmt0288317
IRS990/UnrestrictedNetAssetsGrp/EOYAmt0302174
IRS990/UponRequestInd0X
IRS990/VotingMembersGoverningBodyCnt08
IRS990/VotingMembersIndependentCnt07
IRS990/WhistleblowerPolicyInd0true
IRS990/WrittenPolicyOrProcedureInd0false
ReturnHeader/BuildTS02017-02-10 21:41:12Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0false
ReturnHeader/BusinessOfficerGrp/PersonNm0Linda Saris
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0President
ReturnHeader/BusinessOfficerGrp/PhoneNum09787406667
ReturnHeader/BusinessOfficerGrp/SignatureDt02017-09-30
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

Document Assets

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Filings

Displayed year

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

Open filing
Assets
$364,506
Liabilities
$28,999
Net assets
$335,507
Revenue
$837,080
Expenses
$789,890
Net income
$47,190
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