Civic Intelligence

Leap Year Inc

990 • Fiscal year 2024 • EIN 81-1224809

Jul 01, 2023 to Jun 30, 2024 • Filed on Sep 05, 2024

Organization ProfileWWW.THELEAPYEAR.ORG
352 University Ave SW S-123Atlanta, GA 30310

(404) 500-9946

Siviq Scores

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

Liabilities / Assets

65th percentile

0.07x

Higher debt load relative to assets than 65% of similar nonprofits.

2024 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2024

Liabilities / Revenue

62nd percentile

0.05x

Higher debt load relative to revenue than 62% of similar nonprofits.

2024 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2024

Net Margin

22nd percentile

-10%

Higher net margin than 22% of similar nonprofits.

2024 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2024

Top Officer Pay

82nd percentile

$85,000

Higher top officer pay than 82% of similar nonprofits.

Top officer pay equals 14.9% of source-year revenue.

2024 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2024

Asset Growth

14th percentile

-14%

Faster asset growth than 14% of similar nonprofits.

2024 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2023 to 2024

Revenue Growth

15th percentile

-21%

Faster revenue growth than 15% of similar nonprofits.

2024 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2023 to 2024

Balance Sheet
Liabilities / Assets65th percentile

Assets

Down

$381,537

Down $64,310 (-14%) from 2023

Net Assets

Down

$353,903

Down $58,223 (-14%) from 2023

Liabilities

Down

$27,634

Down $6,087 (-18%) from 2023

Revenue And Expenses
Liabilities / Revenue62nd percentileNet Margin22nd percentile

Revenue

Down

$569,914

Down $150,330 (-21%) from 2023

Expenses

Up

$628,137

Up $32,567 (+5.5%) from 2023

Net Income

Down

-$58,223

Down $182,897 (-147%) from 2023

Historical Trend

Balance Sheet Trend

Asset Growth14th percentile

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

$600K$400K$200K$0Assets 2018: $20,697Liabilities 2018: $7,336Net Assets 2018: $13,3612018Assets 2019: $50,297Liabilities 2019: $2,398Net Assets 2019: $47,8992019Assets 2020: $94,822Liabilities 2020: $32,562Net Assets 2020: $62,2602020Assets 2021: $293,052Liabilities 2021: $38,405Net Assets 2021: $254,6472021Assets 2022: $332,998Liabilities 2022: $44,936Net Assets 2022: $288,0622022Assets 2023: $445,847Liabilities 2023: $33,721Net Assets 2023: $412,1262023Assets 2024: $381,537Liabilities 2024: $27,634Net Assets 2024: $353,9032024Assets 2025: $169,105Liabilities 2025: $13,492Net Assets 2025: $155,6132025

Highlighted filing

2024

Assets$381,537
Liabilities$27,634
Net Assets$353,903
Open 2024 Filing

Operations Trend

Revenue Growth15th percentile

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

$1.0M$500K$0-$500KRevenue 2018: $98,129Expenses 2018: $84,856Net Income 2018: $13,2732018Revenue 2019: $254,450Expenses 2019: $219,180Net Income 2019: $35,2702019Revenue 2020: $202,601Expenses 2020: $186,750Net Income 2020: $15,8512020Revenue 2021: $443,083Expenses 2021: $250,696Net Income 2021: $192,3872021Revenue 2022: $471,232Expenses 2022: $437,817Net Income 2022: $33,4152022Revenue 2023: $720,244Expenses 2023: $595,570Net Income 2023: $124,6742023Revenue 2024: $569,914Expenses 2024: $628,137Net Income 2024: -$58,2232024Revenue 2025: $554,237Expenses 2025: $752,527Net Income 2025: -$198,2902025

Highlighted filing

2024

Revenue$569,914
Expenses$628,137
Net Income-$58,223
Open 2024 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2023 to Jun 30, 2024
Signed
Sep 5, 2024
Return Version
2023v5.0
Gross Receipts
$571,838
Mission and Program Overview

Mission

The mission of leap year inc is to prepare young, talented students to reach their academic and leadership potential by attending college and breaking the cycle of poverty.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$387,462$302,904▼ $84,558
Land, Buildings, and Equipment, Net$24,352$52,563▲ $28,211
Pledges and Grants Receivable$30,947$22,984▼ $7,963
Accounts Receivable$3,086$3,086→ $0
Total Assets$445,847$381,537▼ $64,310
Liabilities
Other Liabilities$32,973$23,468▼ $9,505
Accounts Payable and Accrued Expenses$748$4,166▲ $3,418
Total Liabilities$33,721$27,634▼ $6,087
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$412,126$353,903▼ $58,223
Total Net Assets Fund Balance$412,126$353,903▼ $58,223
Total Liabilities and Net Assets / Fund Balance$445,847$381,537▼ $64,310

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$52,563$41,741$94,304
Compensation and Service Providers
Top Officer Pay82nd percentile

Employees

NameTitleFull / Part TimeBaseTotal
Amber ScottExecutive DiFT$85,000$85,000

Board Members and Trustees

NameTitle
Heather HallettChair
Spencer TysonVice Chair
Ayana Greer-buckBoard Member
Benjamin TolbertBoard Member
Bria StevensBoard Member
Brian DayBoard Member
George CrewsBoard Member
Jackie Jenkins-scottBoard Member
Stephen HenriquesBoard Member
Thomas SmithSecretary
Revenue and Support

Revenue Composition

Contributions and Grants
$540,636
Program Service Revenue
$0
Investment Income
$3,076
Other Revenue
$26,202
All Other Contributions
$445,767
Change in Net Assets
$-58,223
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$398,094
Grants and Similar Amounts Paid$120,233
Other Expenses$109,810
Total Fundraising Expense$19,631
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$285,891--$285,891
Grants to Domestic Individuals$120,233--$120,233
Current Officers, Directors, Trustees, and Key Employees-$85,000-$85,000
Fees for Services Other$17,475-$12,155$29,630
Payroll Taxes$20,700$6,503-$27,203
Insurance$1,416$23,552-$24,968
Depreciation Depletion$19,144$337-$19,481
Occupancy$12,536--$12,536
Fees for Services Accounting-$10,514-$10,514
Other Expenses--$7,476$7,476
Office Expenses-$4,344-$4,344
Interest$771--$771
Payment Travel Entrtnmnt Publicly Ofcl-$90-$90
Total Functional Expenses$478,166$130,340$19,631$628,137
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$26,202
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Bridge Builders$26,202$26,202-$26,202
Total Events$26,202$26,202-$26,202
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Truist Van Loan$23,468
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Backup withholding compliance
No
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
No
Management duties delegated
No

Governance Explanations

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

“No review was or will be conducted.”

Form 990, Page 6, Part VI, Line 19

“No documents available to the public”

Filing and Contact Details

Filer

Filer Name
Leap Year Inc
EIN
81-1224809
Phone
4045009946
Address
352 UNIVERSITY AVE SW S-123, ATLANTA, GA 30310

Signing Officer

Name
Amber Scott
Title
Executive Director
Phone
4045009946
Signed
2024-09-05

Organization Details

Principal Officer
Amber Scott
Formed
2017
Legal Domicile
Ga
Voting Board Members
10
Independent Board Members
10
Employees
49
Volunteers
45

Preparer

Firm
Miles K Thoroman CPA Pc
Address
3473 LAWRENCEVILLE SUWANEE RD STE A, SUWANEE, GA 30024
Preparer
Miles K Thoroman
Phone
7708130900
Supplemental Narrative

Additional Explanations

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

“Leap year is a nonprofit organization that is improving college success and literacy results in metro-atlanta by recruiting first generation high school graduates to serve as second grade reading coaches through our year long community service and college readiness program. During the 2023-2024 school year,leap year fellows supported over 300 students at three schools: slater elementary, barack and michelle obama academy, and finch elementary school. The teachers at our partner shcools reported that having fellows in the classroom helped improve reading outcomes for their students. Our evidence-based academic curriculum, and the hard work of our talented program managers, resulted in our students improving their reading skills, and our fellows starting georgia state university prepared to succeed.”

Form 990, Part XI, Line 9

“PENALTIES 0”

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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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IRS990/Desc0LEAP YEAR IS A NONPROFIT ORGANIZATION THAT IS IMPROVING COLLEGE SUCCESS AND LITERACY RESULTS IN METRO-ATLANTA BY RECRUITING FIRST GENERATION HIGH SCHOOL GRADUATES TO SERVE AS SECOND GRADE READING COACHES THROUGH OUR YEAR LONG COMMUNITY SERVICE AND COLLEGE READINESS PROGRAM. DURING THE 2023-2024 SCHOOL YEAR,LEAP YEAR FELLOWS SUPPORTED OVER 300 STUDENTS AT THREE SCHOOLS: SLATER ELEMENTARY, BARACK AND MICHELLE OBAMA ACADEMY, AND FINCH ELEMENTARY SCHOOL. THE TEACHERS AT OUR PARTNER SHCOOLS REPORTED THAT HAVING FELLOWS IN THE CLASSROOM HELPED IMPROVE READING OUTCOMES FOR THEIR STUDENTS. OUR EVIDENCE-BASED ACADEMIC CURRICULUM, AND THE HARD WORK OF OUR TALENTED PROGRAM MANAGERS, RESULTED IN OUR STUDENTS IMPROVING THEIR READING SKILLS, AND OUR FELLOWS STARTING GEORGIA STATE UNIVERSITY PREPARED TO SUCCEED.
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1NO REVIEW WAS OR WILL BE CONDUCTED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2NO DOCUMENTS AVAILABLE TO THE PUBLIC
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3PENALTIES 0
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ReturnHeader/BuildTS02024-08-08 14:25:15Z
ReturnHeader/BusinessOfficerGrp/PersonNm0AMBER SCOTT
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0EXECUTIVE DIRECTOR
ReturnHeader/BusinessOfficerGrp/PhoneNum04045009946
ReturnHeader/BusinessOfficerGrp/SignatureDt02024-09-05
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ReturnHeader/PreparerPersonGrp/PreparationDt02024-09-06
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0MILES K THOROMAN
ReturnHeader/ReturnTs02024-09-13T11:12:26-04:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02023-07-01
ReturnHeader/TaxPeriodEndDt02024-06-30
ReturnHeader/TaxYr02023

Document Assets

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Filings

Displayed year

2024 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$381,537
Liabilities
$27,634
Net assets
$353,903
Revenue
$569,914
Expenses
$628,137
Net income
-$58,223
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$1.69$0.13$1.56$5.54$7.53$1.98
2024Detailed filing. Detailed filing data is available for this year.$3.82$0.28$3.54$5.70$6.28$0.58
2023Detailed filing. Detailed filing data is available for this year.$4.46$0.34$4.12$7.20$5.96$1.25
2022Detailed filing. Detailed filing data is available for this year.$3.33$0.45$2.88$4.71$4.38$0.33
2021Detailed filing. Detailed filing data is available for this year.$2.93$0.38$2.55$4.43$2.51$1.92
2020Summary only. Only limited summary data is available for this year.$0.95$0.33$0.62$2.03$1.87$0.16
2019Summary only. Only limited summary data is available for this year.$0.50$0.02$0.48$2.54$2.19$0.35
2018Detailed filing. Detailed filing data is available for this year.$0.21$0.07$0.13$0.98$0.85$0.13