Civic Intelligence

Leadership Education for Asian Pacifics Inc

EIN 95-3879677 • 501(c)3 • Los Angeles, CA

Profile

Leap's mission is to achieve full participation and equality for Asian and Pacific Islanders through leadership, empowerment and policy.

327 E 2nd Street 226Los Angeles, CA 90012

www.leap.org

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

86th percentile

0.60x

Higher debt load relative to assets than 86% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2024

Liabilities / Revenue

82nd percentile

0.58x

Higher debt load relative to revenue than 82% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2024

Net Margin

16th percentile

-18%

Higher net margin than 16% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2024

Top Officer Pay

Score unavailable

No value available

No filing with officer rows is available for this organization yet.

Asset Growth

18th percentile

-7.5%

Faster asset growth than 18% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Annualized from 2023 to 2024

Revenue Growth

16th percentile

-17%

Faster revenue growth than 16% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Annualized from 2023 to 2024

Assets

Down

$2,021,884

Down $164,387 (-7.5%) from 2023

Liabilities

Up

$1,214,548

Up $208,202 (+21%) from 2023

Net Assets

Down

$807,336

Down $372,589 (-32%) from 2023

Revenue

Down

$2,090,086

Down $434,146 (-17%) from 2023

Expenses

Down

$2,462,677

Down $184,546 (-7.0%) from 2023

Net Income

Down

-$372,591

Down $249,600 (-203%) from 2023

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$3.0M$2.0M$1.0M$0-$1.0MAssets 2011: $497,603Liabilities 2011: $993,398Net Assets 2011: -$495,7952011Assets 2012: $463,176Liabilities 2012: $806,604Net Assets 2012: -$343,4282012Assets 2013: $710,507Liabilities 2013: $690,069Net Assets 2013: $20,4382013Assets 2014: $726,571Liabilities 2014: $372,003Net Assets 2014: $354,5682014Assets 2015: $726,941Liabilities 2015: $279,178Net Assets 2015: $447,7632015Assets 2016: $874,444Liabilities 2016: $317,187Net Assets 2016: $557,2572016Assets 2017: $837,015Liabilities 2017: $180,249Net Assets 2017: $656,7662017Assets 2018: $954,574Liabilities 2018: $272,672Net Assets 2018: $681,9022018Assets 2019: $768,902Liabilities 2019: $336,726Net Assets 2019: $432,1762019Assets 2020: $926,156Liabilities 2020: $585,008Net Assets 2020: $341,1482020Assets 2021: $1,718,535Liabilities 2021: $944,509Net Assets 2021: $774,0262021Assets 2022: $1,926,864Liabilities 2022: $623,948Net Assets 2022: $1,302,9162022Assets 2023: $2,186,271Liabilities 2023: $1,006,346Net Assets 2023: $1,179,9252023Assets 2024: $2,021,884Liabilities 2024: $1,214,548Net Assets 2024: $807,3362024

Highlighted filing

2024

Assets$2,021,884
Liabilities$1,214,548
Net Assets$807,336

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$3.0M$2.0M$1.0M$0-$1.0MRevenue 2011: $983,473Expenses 2011: $1,227,718Net Income 2011: -$244,2452011Revenue 2012: $1,071,156Expenses 2012: $918,489Net Income 2012: $152,6672012Revenue 2013: $1,269,602Expenses 2013: $913,234Net Income 2013: $356,3682013Revenue 2014: $1,305,868Expenses 2014: $971,738Net Income 2014: $334,1302014Revenue 2015: $1,145,382Expenses 2015: $1,052,187Net Income 2015: $93,1952015Revenue 2016: $1,223,812Expenses 2016: $1,114,318Net Income 2016: $109,4942016Revenue 2017: $1,272,858Expenses 2017: $1,173,349Net Income 2017: $99,5092017Revenue 2018: $1,231,259Expenses 2018: $1,198,802Net Income 2018: $32,4572018Revenue 2019: $867,113Expenses 2019: $1,116,839Net Income 2019: -$249,7262019Revenue 2020: $743,799Expenses 2020: $834,827Net Income 2020: -$91,0282020Revenue 2021: $1,703,456Expenses 2021: $1,270,578Net Income 2021: $432,8782021Revenue 2022: $2,674,612Expenses 2022: $2,145,720Net Income 2022: $528,8922022Revenue 2023: $2,524,232Expenses 2023: $2,647,223Net Income 2023: -$122,9912023Revenue 2024: $2,090,086Expenses 2024: $2,462,677Net Income 2024: -$372,5912024

Highlighted filing

2024

Revenue$2,090,086
Expenses$2,462,677
Net Income-$372,591

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.02$1.21$0.81$2.09$2.46$0.37
2023Detailed filing. Detailed filing data is available for this year.$2.19$1.01$1.18$2.52$2.65$0.12
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.93$0.62$1.30$2.67$2.15$0.53
2021Detailed filing. Detailed filing data is available for this year.$1.72$0.94$0.77$1.70$1.27$0.43
2020Detailed filing. Detailed filing data is available for this year.$0.93$0.59$0.34$0.74$0.83$0.09
2019Detailed filing. Detailed filing data is available for this year.$0.77$0.34$0.43$0.87$1.12$0.25
2018Summary only. Only limited summary data is available for this year.$0.95$0.27$0.68$1.23$1.20$0.03
2017Summary only. Only limited summary data is available for this year.$0.84$0.18$0.66$1.27$1.17$0.10
2016Summary only. Only limited summary data is available for this year.$0.87$0.32$0.56$1.22$1.11$0.11
2015Summary only. Only limited summary data is available for this year.$0.73$0.28$0.45$1.15$1.05$0.09
2014Summary only. Only limited summary data is available for this year.$0.73$0.37$0.35$1.31$0.97$0.33
2013Summary only. Only limited summary data is available for this year.$0.71$0.69$0.02$1.27$0.91$0.36
2012Summary only. Only limited summary data is available for this year.$0.46$0.81$0.34$1.07$0.92$0.15
2011Summary only. Only limited summary data is available for this year.$0.50$0.99$0.50$0.98$1.23$0.24
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Nov 1, 2023 to Oct 31, 2024
Signed
Sep 15, 2025
Return Version
2023v6.0
Gross Receipts
$2,351,893
Mission and Program Overview

Mission

Leap's mission is to achieve full participation and equality for Asian Pacific Americans through leadership, empowerment and policy.

Leap's mission is to achieve full participation and equality for Asian and Pacific Islanders through leadership, empowerment and policy.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$1,195,132$1,007,762▼ $187,370
Savings and Temporary Cash Investments$183,223$612,364▲ $429,141
Accounts Receivable$532,950$162,128▼ $370,822
Prepaid Expenses and Deferred Charges$58,481$56,266▼ $2,215
Land, Buildings, and Equipment, Net$4,094$8,848▲ $4,754
Other Notes and Loans Receivable, Net-$0-
Pledges and Grants Receivable-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Other Securities-$0-
Investments Program Related-$0-
Investments in Publicly Traded Securities-$0-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Total Assets$2,186,271$2,021,884▼ $164,387
Other Assets Total$212,391$174,516▼ $37,875
Liabilities
Deferred Revenue$429,216$697,516▲ $268,300
Accounts Payable and Accrued Expenses$364,485$340,263▼ $24,222
Other Liabilities$212,645$176,769▼ $35,876
Total Liabilities$1,006,346$1,214,548▲ $208,202
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$921,854$643,935▼ $277,919
Net Assets With Donor Restrictions$258,071$163,401▼ $94,670
Total Net Assets Fund Balance$1,179,925$807,336▼ $372,589
Total Liabilities and Net Assets / Fund Balance$2,186,271$2,021,884▼ $164,387

Asset Categories

AssetBook ValueDepreciationBasis
Leasehold Improvements$6,071$59,379$65,450
Other Land Buildings$2,777$33,943$36,720
Other Assets Org$170,850--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Linda AkutagawaPresident & CEOFT$167,264$20,635$187,899
Grace ToyCFOFT$163,553$24,117$187,670
Shahana ShahChief Dev OfficerFT$124,230$13,519$137,749
Alexander CenaChief Prog OfficerFT$105,708$12,882$118,590

Board Members and Trustees

NameTitle
Wen-Fu WuChair
Denise LopezVice Chair
Arti AroraDirector
Carlo Dela FuenteDirector
Chris YuDirector
Jeffrey HongDirector
Kenneth ChungDirector
Lillian TengDirector
Shu Han JournayDirector
Tami BuiDirector
Tammy TranDirector
Ursula QuanDirector
Annabel SheronSecretary
Rachel GabatoTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$1,115,903
Program Service Revenue
$1,132,648
Investment Income
$7,573
Other Revenue
$-166,038
All Other Contributions
$785,704
Change in Net Assets
$-372,591

Noncash Contribution Practices

Property subject to holding requirements
No
Reviewed unusual noncash gifts
Yes
Third parties used for noncash contributions
Yes

Noncash Contributions

Contribution TypeContribution CountReported AmountValuation Method
Securities Publicly Traded2$101,050Fair Market Value (FMV)
Total Noncash Contributions2$101,050-

Audited Revenue Reconciliation

Revenue per Audited Statements
$2,090,086
Revenue Not Reported on Form 990
$355,018
Total Revenue per Audited Statements
$2,445,104
Total Revenue per Form 990
$2,090,086
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,234,927
Salaries, Compensation, and Employee Benefits$1,136,969
Grants and Similar Amounts Paid$90,781
Total Fundraising Expense$86,887
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Conferences and Meetings$861,168$116,890$27,813$1,005,871
Other Salaries and Wages$533,298$225,312$22,288$780,898
Current Officers, Directors, Trustees, and Key Employees$85,255$44,764$22,692$152,711
Other Employee Benefits$64,776$31,102$4,140$100,018
Grants to Domestic Individuals$90,781--$90,781
Office Expenses$61,903$20,860$4,519$87,282
Payroll Taxes$48,341$21,107$3,515$72,963
Occupancy$30,577$16,447-$47,024
Information Technology$13,995$18,859-$32,854
Insurance$13,235$17,857-$31,092
Pension Plan Contributions$20,144$8,593$1,642$30,379
Fees for Services Accounting-$14,139-$14,139
Travel$4,551$342$278$5,171
Fees for Services Other-$3,908-$3,908
Fees for Services Legal-$845-$845
Other Expenses$1,876$-600-$-600
Total Functional Expenses$1,832,901$542,889$86,887$2,462,677

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$2,817,694
Total Expenses per Form 990$2,462,677
Expenses per Audited Statements$2,462,676
Expenses Not Reported on Form 990$355,018
Expenses Not Reported on Financial Statements$1
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$261,807
Fundraising Gross Income$33,470
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Celebration and Experience$363,456$33,470$261,807$-228,337
Total Events$363,456$33,470$261,807$-228,337
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
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Lease Liability$176,769
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
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
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 Audit Committee or designated Board member other than the Treasurer has the responsibility for reviewing the organization's Form 990 (including all pertinent schedules)and presenting it the Executive Committee for approval before it is filed with the Internal Revenue Service. In conducting its review of the draft of the Form 990, the audit committee or identified Board member other than the Treasurer conducts a top-level type of review. However, if it is desired or deemed necessary to conduct a more detailed review of the Form 990, then the Audit Committee or identified Board member has the authority to contact the preparer of the Form 990 (CFO) to request copies of relevant detailed tax return workpapers. After the Form 990 has been approved by the Executive Committee, it is emailed to the Board and then filed with the Internal Revenue Service. A presentation is made at the next Board of Directors meeting to update the full Board regarding its review of the Form 990.

Form 990, Part VI, Section B, Line 12C

The filing organization enforces compliance with their conflict of interest policy by annually administering a conflict of interest questionnaire. All Board members are required to annually review and complete the conflict of interest questionnaire to disclose any previously undisclosed conflicts of interest. Once identified, conflicts of interest are addressed as set forth in the Organization's Conflict of Interest Policy.

Form 990, Part VI, Section B, Line 15B

The Executive Committee of the Board relies upon comparability data to determine and approve the compensation of the President and CEO. The Executive Committee utilizes resources such as similarly situated exempt organizations in their area to benchmark pay along with market information from other exempt organizations to assess the competitiveness and reasonableness of the compensation. The full Board is also requested to complete an evaluation of the President and CEO. Once a decision has been made by the committee, it is then presented in Executive Session (President and CEO is excused and recused from voting) to the full Board for a vote to approve. A similar process is developed and implemented by the President and CEO for evaluation of key employees and the staff.

Form 990, Part VI, Section C, Line 19

The required organizational documents of LEAP are available (for inspection or copying) on LEAP's website and at LEAP's main office during normal business hours at no charge. The public inspection copy of LEAP's Form 990, from the previous three years (at a minimum), are available (for inspection or copying) on LEAP's website and at LEAP's main office during normal busines hours at no charge. The public inspection copy of the Form 990 will not include Schedule B with the names and addresses of contributors. LEAP will make best efforts to ensure that the Forms 990 on its website and held at their main office are the most updated versions of such. When responding to a public inspection request for any organizational document or Form 990 by anyone, the organization shall fulfill such request in a timely manner without inquiring as to the reason for the public inspection request.The organization's Form 990 is also available through Guidestar at www.guidestar.org. Additional governance and LEAP policies are also available on LEAP's website.

Form 990, Part VI, Section A, Line 1A

The governing body of the filing organization has delegated the Executive Committee to act on behalf of the governing body on specifically identified matters discussed at Board Meetings. Such authorizations are recorded in the full Board minutes. Members of the Executive Committee are the Chair, Immediate Past Chair, Vice Chairs, Secretary, Treasurer and President and CEO. The Executive Committee meets twice per quarter via teleconference calls which are documented in Executive Committee Minutes. Actions by the Executive Committee are reported by the Board Chair at the quarterly Board Meetings

Form 990, Part VII, Column F

Employer contribution to 401(k) Linda Akutagawa, President and CEO $5,227Grace Toy, SVP of Administration and CFO $5,074Shahana Shah, Chief Development Officer $5,100Alexander Cena, Chief Programs Officer $4,263Medical and dental premiumsLinda Akutagawa, President and CEO $15,408Grace Toy, SVP of Administration and CFO $19,043Shahana Shah, Chief Development Officer $8,419Alexander Cena, Chief Programs Officer $8,619

Filing and Contact Details

Filer

Filer Name
Leadership Education for Asian Pacifics
EIN
95-3879677
Phone
2134851422
Address
327 E 2nd Street 226, Los Angeles, CA 90012

Signing Officer

Name
Linda Akutagawa
Title
President & CEO
Signed
2025-09-15
Discuss with paid preparer
Yes

Organization Details

Formed
1982
Legal Domicile
CA
Voting Board Members
15
Independent Board Members
14
Employees
27
Volunteers
10

Preparer

Firm
Kiyohara & Takahashi LLP
Address
13300 Crossroads Pkwy N Ste 100, City of Industry, CA 91746
Preparer
Pia C Eckhert CPA
Phone
3232781300
Supplemental Narrative

Additional Explanations

Form 990, Part III, Line 4D

Other program services 4: informing society - leap completed phase 1 of its follow up report to leap's 2020 asian american executive leadership report. Titled the push and pull of leadership: uncovering the factors advancing asian american leadership. This study provides insights into the supporting mechanisms, the organizational barriers and the characteristics of vice presidents and directors leading in multiple sectors (corporate, nonprofit, higher education, and government). Phase 2 will include a survey to further delve into the findings from phase 1 and is currently in progress.

Form 990, Part XI, Line 9

ROUNDING = $2

Financial Statement Notes

Part XI, Line 2D: Other revenue amounts included in F/S but not included on form 990

Awards celebration $261807 employee retention credit - 2021 990 $0 interest income from erc - 2021 990 $0

Part XII, Line 2D: Other expenses and losses per audited F/S

Awards celebration $261807

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