LEAP FOUNDATION INC

EIN: 260206557 501(c)(3) Community Improvement

LANSING, MI

Total Revenue
$198,762
Total Expenses
$228,762
Total Assets
$77,739
Net Assets
$30,822
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2007
Legal Domicile
MI
Principal Officer
ROBERT L TREZISE JR
Phone
5177023387
Tax Period
2024-01-01 to 2024-12-31

LEAP FOUNDATION INC, founded in 2007, is a small nonprofit in the Community Improvement sector that reported $199K in total revenue in fiscal year 2024. Expenses of $229K exceeded revenue, resulting in a 15% operating deficit.

Mission

TO SPUR ECONOMIC DEVELOPMENT AND RETAIN INTELLECTUAL CAPITAL IN THE TRI-COUNTY AREA. SUCH ACTIVITIES ARE LIMITED TO EXEMPT PURPOSES SET FORTH IN INTERNAL REVENUE CODE SECTION 501(C)(3). THE PRIMARY PURPOSE IS TO RECEIVE AND ADMINISTER FUNDS FOR CHARITABLE PURPOSES.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $185,000
Program Service Revenue $0
Investment Income $13,762
Other Revenue $0
TOTAL REVENUE $198,762

Expense Breakdown

Grants Paid $215,000
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $215,000
Other Expenses $13,762
TOTAL EXPENSES $228,762

Year-over-Year Comparison

2024 2023 Change
Revenue $198,762 $191,401 +0.0%
Expenses $228,762 $226,401 +0.0%
Net Income $-30,000 $-35,000 -0.1%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Governance

Voting Members
15
Independent Members
15
Employees
N/A
Volunteers
15

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
4
$450,650
Total Directors
15
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
LISA CORLESS CHAIR 1.00
Officer Director
$0 $0 $0
DON MCNABB VICE CHAIR 1.00
Officer Director
$0 $0 $0
MARK MCDANIEL TREASURER/SECRETARY 1.00
Officer Director
$0 $0 $0
JEFFREY BENSON PAST CHAIR 1.00
Director
$0 $0 $0
JAMES JV ANDERTON AT LARGE BOARD MEMBER 1.00
Director
$0 $0 $0
APRIL CLOBES AT LARGE BOARD MEMBER 1.00
Director
$0 $0 $0
THERESA DUBIEL AT LARGE BOARD MEMBER 1.00
Director
$0 $0 $0
TICO DUCKETT AT LARGE BOARD MEMBER 1.00
Director
$0 $0 $0
PAT GILLESPIE AT LARGE BOARD MEMBER 1.00
Director
$0 $0 $0
JULIE MANN AT LARGE BOARD MEMBER 1.00
Director
$0 $0 $0
KIRK RAY AT LARGE BOARD MEMBER 1.00
Director
$0 $0 $0
DR STEVEN ROBINSON AT LARGE BOARD MEMBER 1.00
Director
$0 $0 $0
CARRIE ROSINGANA AT LARGE BOARD MEMBER 1.00
Director
$0 $0 $0
DONALD E SIMON AT LARGE BOARD MEMBER 1.00
Director
$0 $0 $0
JO SPERRY AT LARGE BOARD MEMBER 1.00
Director
$0 $0 $0
ROBERT L TREZISE JR PRESIDENT & CEO 1.00
Officer
$0 $54,838 $450,650
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2024 $198,762 $228,762 $77,739 $-30,000
2023 $191,401 $226,401 $100,822 $-35,000
2022 $240,553 $155,553 $105,822 $85,000
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