Leadership Education for Asian Pacific Inc.

“Two independent Board members are cousins and are employed by the same organization.”

“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.”

“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.”

“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.”

“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.”

“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 quarterly 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 via monthly teleconference calls which are documented in Executive Committee Minutes. Actions by the Executive Committee are reported by the Board Chair at the quarterly full Board Meetings”

“Employer contribution to 401(k) Linda Akutagawa, President and CEO $4,783Grace Toy, SVP of Administration and CFO $4,793Medical and dental premiumsLinda Akutagawa, President and CEO $10,764Grace Toy, SVP of Administration and CFO $15,235”

“Other program services 4: informing society - in the current fiscal year, leap as part of the alliance for board diversity and its partnership with deloitte released an industry specific report as an addendum to the joint report "missing pieces report: the 2018 board diversity census of women and minorities on fortune 500 boards". This multi-year study provides powerful metrics on the slow change of diversity in corporate boardrooms, despite the rapidly shifting demographics in the usa. Data is presented with hopes to encourage and advocate corporations towards greater increase in minority and women board representation on corporate boards. In july 2020, leap also released a research report "leap asian american executive leadership report" to better understand the journey of asian american executives and explore the central research questions, "what are the characteristics of successul asian leaders across multiple sectors (corporate, higher education, nonprofit and government) in the united states."”