THE LEAP FOUNDATION INC

EIN: 261809669 501(c)(3) Education

LOS ANGELES, CA

Total Revenue
$632,896
Total Expenses
$613,106
Total Assets
$23,662
Net Assets
$-653,965
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2008
Legal Domicile
CA
Principal Officer
DR WILLIAM DORFMAN
Phone
8778555327
Tax Period
2023-01-01 to 2023-12-31

THE LEAP FOUNDATION INC, founded in 2008, is a small nonprofit in the Education sector that reported $633K in total revenue in fiscal year 2023. Revenue decreased 12% compared to the prior year. Expenses of $613K left a modest 3% surplus.

Mission

THE MISSION OF LEAP IS TO HELP HIGH SCHOOL AND COLLEGE STUDENTS, AS WELL AS RECENT GRADUATES GET AHEAD IN LIFE. WE DO THIS BY HOSTING A ONE WEEK SUMMER PROGRAM AT UCLA WHERE THE CURRICULUM IS BASED ON EXPERIENCES OF THOSE WHO HAVE ACCOMPLISHED GREAT SUCCESS - BOTH PROFESSIONALLY AND PERSONALLY. WE ARE NON-PROFIT ORGANIZATION COMMITTED TO DEVELOPING MENTOR RELATIONSHIPS AND HELPING TODAY'S YOUTH SUCCEED.

Program Service Accomplishments

Program 1
Expenses: $389,299 Revenue: $166,850

THE LEAP LEADERSHIP PROGRAM CONSISTS OF A SERIES OF WORKSHOPS, SEMINARS, LECTURES, GUEST SPEAKERS, GROUP DISCUSSIONS AND OTHER EDUCATIONAL ACTIVITIES THAT ARE DESIGNED FOR STRUGGLING STUDENTS, AGES...

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THE LEAP LEADERSHIP PROGRAM CONSISTS OF A SERIES OF WORKSHOPS, SEMINARS, LECTURES, GUEST SPEAKERS, GROUP DISCUSSIONS AND OTHER EDUCATIONAL ACTIVITIES THAT ARE DESIGNED FOR STRUGGLING STUDENTS, AGES 15 TO 24. THE LEAP PROGRAM PROVIDES USEFUL TACTICS AND EMBEDDED KNOWLEDGE THAT HELPS STUDENTS GET A COMPETITIVE EDGE OVER THEIR PEERS FOR JOBS, INTERNSHIPS AND ADMISSION TO GRADUATE SCHOOL AND PAVES THE WAY FOR ACADEMIC AND PERSONAL EXCELLENCE. IN 2011, THE LEAP STUDENT BODY REPRESENTED 43 OF THE 50 U.S. STATES AND 6 COUNTRIES, INCLUDING CANADA.

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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 (2023)

Revenue Breakdown

Contributions & Grants $466,046
Program Service Revenue $166,850
Investment Income $0
Other Revenue $0
TOTAL REVENUE $632,896

Expense Breakdown

Grants Paid $0
Salaries & Benefits $174,833
Fundraising Expenses $86,074
Program Expenses $389,299
Other Expenses $438,273
TOTAL EXPENSES $613,106

Year-over-Year Comparison

2023 2022 Change
Revenue $632,896 $717,070 -0.1%
Expenses $613,106 $696,055 -0.1%
Net Income $19,790 $21,015 -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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Liquidity & Cash Position

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Governance

Voting Members
3
Independent Members
1
Employees
2
Volunteers
N/A

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
2
$76,667
Total Directors
2
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
CHARLIE GALLAGHER EXECUTIVE DIRECTOR 5.00
Officer Director
$0 $0 $0
GARY DORFMAN BOARD MEMBER 1.00
Director
$0 $0 $0
CHARLIE GALLAGHER EXECUTIVE DIRECTOR 40.00
Officer
$76,667 $0 $76,667
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 No data No data No data No data
2023 $632,896 $613,106 $23,662 $19,790
2022 $717,070 $696,055 $417,796 $21,015
2021 $306,824 $398,965 $52,105 $-92,141
2020 $339,041 $383,590 $102,167 $-44,549
2019 $571,734 $747,598 $90,682 $-175,864
2018 $1,776,711 $1,193,637 $53,043 $583,074
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