LEADERSHIP ENTERPRISE FOR A DIVERSE AMERICA

EIN: 331071771 501(c)(3) Education

NEW YORK, NY

Total Revenue
$3,820,150
Total Expenses
$2,802,672
Total Assets
$1,996,978
Net Assets
$1,825,000
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2003
Legal Domicile
NY
Principal Officer
DAVID GARZA
Phone
6465823608
Tax Period
2023-09-01 to 2024-08-31

LEADERSHIP ENTERPRISE FOR A DIVERSE AMERICA, founded in 2003, is a community nonprofit in the Education sector that reported $3.8M in total revenue in fiscal year 2023. Revenue surged 80% from the prior year, signaling strong growth momentum. The organization ran a surplus of $1.0M, a strong 27% operating margin.

Mission

LEADERSHIP ENTERPRISE FOR A DIVERSE AMERICA (LEDA) EMPOWERS A COMMUNITY OF EXCEPTIONAL YOUNG LEADERS FROM UNDER-RESOURCED BACKGROUNDS BY SUPPORTING THEIR HIGHER EDUCATION AND PROFESSIONAL SUCCESS IN ORDER TO CREATE A MORE INCLUSIVE AND EQUITABLE COUNTRY.

Program Service Accomplishments

Program 1
Expenses: $1,542,141

LEDA SCHOLARS PROGRAMSUMMER INSTITUTE:THIS YEAR'S SUMMER INSTITUTE WAS THE FIRST TIME THAT THE PROGRAM TOOK PLACE ON TWO CAMPUSES, WITH THE FINAL WEEK HOSTED AT YALE. LEDA WORKED IN CLOSE PARTNERSHIP...

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LEDA SCHOLARS PROGRAMSUMMER INSTITUTE:THIS YEAR'S SUMMER INSTITUTE WAS THE FIRST TIME THAT THE PROGRAM TOOK PLACE ON TWO CAMPUSES, WITH THE FINAL WEEK HOSTED AT YALE. LEDA WORKED IN CLOSE PARTNERSHIP WITH BOTH PRINCETON AND YALE STAFF TO ENSURE THAT OUR SCHOLARS WOULD BE ABLE TO TRANSITION CAMPUSES WITH THE LEAST DISRUPTION POSSIBLE, AND FEEDBACK FROM COHORT 20 INDICATED THAT BOTH THE TRANSITION AND THE OPPORTUNITY TO EXPERIENCE TWO CAMPUSES WERE AN OVERWHELMINGLY POSITIVE EXPERIENCE. LEDA STAFF ALSO ADAPTED THE FIVE-WEEK SUMMER INSTITUTE CURRICULUM TO ACCOMMODATE THE CHANGE IN VENUE FOR THE FINAL WEEK OF THE PROGRAM. (CONT'D ON SCH O)ONE OF THE PRIMARY ASSESSMENT TOOLS FOR THE ASPECTS OF LEADERSHIP SUMMER INSTITUTE IS A SURVEY CONDUCTED AT THE END OF THE PROGRAM. THE SURVEY ADMINISTERED DURING THE GRANT PERIOD SHOWS IMPROVEMENT ACROSS NEARLY ALL CATEGORIES; IN THE CONTEXT OF A REDUCTION IN PROGRAM TIME DUE TO THE CAMPUS TRANSITION, THESE RESULTS SUGGEST THAT CURRICULUM UPDATES HAVE BEEN EFFECTIVE. THE SURVEY INDICATED THAT 100% OF SCHOLARS ARE CONFIDENT THAT LEDA'S PROGRAMMING WILL HELP THEM HAVE A GREATER POSITIVE IMPACT ON THEIR COMMUNITIES. 99% ALSO CONFIRMED THAT LEDA CLASSES IMPROVED THEIR WRITING SKILLS, AND 90% FURTHER AGREED THAT LEDA HELPED THEM BETTER UNDERSTAND THE ACADEMIC EXPECTATIONS AT SELECTIVE COLLEGES. 100% STATED THAT LEDA'S COLLEGE GUIDANCE SERVICES HAD EXPANDED THEIR KNOWLEDGE OF THE INSTITUTIONS AND OPPORTUNITIES AVAILABLE TO THEM. ADDITIONALLY, 99% OF SCHOLARS WOULD RECOMMEND LEDA TO OTHER STUDENTS, AND 100% OF SCHOLARS FELT FULLY HEARD AND SUPPORTED BY LEDA STAFF THROUGHOUT THE SUMMER. RECRUITMENT & ADMISSIONS:OUR RECRUITMENT & ADMISSIONS TEAM LAUNCHED THE 2023-2024 LEDA APPLICATION IN SEPTEMBER 2023 AND BUILT ON THE ROBUST VIRTUAL OUTREACH NETWORK IT HAD PUT INTO PLACE OVER THE PAST SEVERAL YEARS. ULTIMATELY, THIS LED TO 1,115 COMPLETE APPLICATIONS BY THE END OF THE RECRUITMENT PHASE IN MID-DECEMBER. COHORT 20 SCHOLARS COME FROM 40 U.S. STATES AND TERRITORIES, INCLUDING WASHINGTON D.C. AND OUR FIRST SCHOLARS FROM AMERICAN SAMOA AND VERMONT. 77% OF THEM WILL BE FIRST-GENERATION COLLEGE STUDENTS. 58% IDENTIFY AS FEMALE AND 42% AS MALE. COHORT 20'S HOUSEHOLDS HAVE AN AVERAGE INCOME OF $41,559 (MEDIAN $38,223), AND 67% SPEAK A NON-ENGLISH LANGUAGE AT HOME, REPRESENTING 17 DISTINCT LANGUAGES. 19% OF COHORT 20 SCHOLARS WERE BORN OUTSIDE OF THE U.S. COLLEGE GUIDANCE:IN THE FALL OF 2023, THE COLLEGE GUIDANCE TEAM BEGAN SUPPORTING SCHOLARS DURING THE MOST ACTIVE PHASE OF THE COLLEGE APPLICATION PROCESS, BUILDING ON THE SKILLS AND CONTENT KNOWLEDGE THAT LEDA COHORT 19 DEVELOPED DURING THE 2023 ASPECTS OF LEADERSHIP SUMMER INSTITUTE. 70 SCHOLARS PARTICIPATED IN THE EARLY ADMISSIONS PROCESS, AND 48 WERE ADMITTED. SOME OF THE MOST HIGHLY REPRESENTED COLLEGES INCLUDE STANFORD (10 ADMITTED) AND YALE (NINE ADMITTED). ADDITIONAL COLLEGES WHERE LEDA SCHOLARS WERE ADMITTED EARLY INCLUDE BROWN, CORNELL, GEORGETOWN, HARVARD, MIT, PRINCETON, UGA, UNC CHAPEL HILL, UVA, AND WAKE FOREST. THESE EARLY ADMISSIONS OUTCOMES ARE COMPARABLE TO THOSE OF PRIOR YEARS (60 EARLY APPLICANTS AND 35 ADMITTED IN THE 2022-2023 CYCLE), THOUGH ALSO CONTINUING A MULTI-YEAR TREND OF AN INCREASE IN THE NUMBER OF SCHOLARS WHO CHOOSE TO APPLY EARLY. THE PROCESS CONCLUDED IN THE SPRING, WITH LEDA'S COLLEGE GUIDANCE TEAM HELPING COHORT 19 SCHOLARS EVALUATE THEIR ADMISSION OFFERS AND FINANCIAL AID PACKAGES. 98% OF COHORT 19 SCHOLARS WERE ADMITTED TO AT LEAST ONE OF THE TOP 100 COLLEGES IN THE U.S., INCLUDING 57% WHO WERE ADMITTED TO AN IVY, STANFORD, OR MIT. AFTER CONSULTING WITH THE COLLEGE GUIDANCE TEAM TO EVALUATE THEIR ACADEMIC AND FINANCIAL AID OPTIONS, 100% OF COHORT 19 MATRICULATED AT A COLLEGE THAT THEY DETERMINED WOULD BEST FIT THEIR NEEDS, INCLUDING 90% WHO ULTIMATELY CHOSE TO ATTEND A TOP-100 INSTITUTION. COLLEGE SUCCESS:DURING THE REPORTING PERIOD, LEDA'S COLLEGE SUCCESS STAFF CONDUCTED REGULAR CHECK-INS WITH UNDERGRADUATE SCHOLARS, COMPLETING 435 MEETINGS DURING THE ACADEMIC YEAR. 87% OF NEW FIRST-YEAR STUDENTS OPTED INTO THE LEDA PEER MENTOR PROGRAM FOR ADDITIONAL SUPPORT. THESE STUDENTS WERE PAIRED WITH OLDER LEDA STUDENTS, WITH AN EMPHASIS PLACED ON PROVIDING ONE MENTEE PER MENTOR AND PAIRING STUDENTS ON THE SAME CAMPUS. PEER MENTORS CONDUCTED 297 PEER-MENTOR CHECK-INS DURING THE YEAR. AS IN THE PAST, COLLEGE SUCCESS STAFF ALSO PROVIDED SPECIALIZED SUPPORT FOR GRADUATING SENIORS, HELPING THEM PLAN FOR EITHER GRADUATE SCHOOL OR ENTERING THE WORKFORCE, WITH REFERRALS TO LEDA'S CAREER AND ALUMNI SERVICES TEAM AND LOCAL CAMPUS RESOURCES AS APPROPRIATE. THE COLLEGE SUCCESS TEAM ALSO CONDUCTED CAMPUS VISITS, WHICH INCLUDED INDIVIDUAL MEETINGS AND COMMUNITY EVENTS FOR SCHOLARS AT 14 COLLEGES, INTERACTING WITH NEARLY 200 STUDENTS IN TOTAL. THE TEAM WAS ALSO INSTRUMENTAL IN COORDINATING SCHOLARS WHO ATTENDED LEDA-SPONSORED EVENTS, SUCH AS OUR 20TH ANNIVERSARY ANNUAL CELEBRATION IN MAY 2024.

Program 2
Expenses: $348,843

LEDA CAREER AND ALUMNI SERVICESCAREER INSTITUTE:THE LEDA CAREER FELLOWS PROGRAM PREPARES HIGH-ACHIEVING, UNDER-RESOURCED UNDERGRADUATE STUDENTS - LEDA CAREER FELLOWS - FOR FUTURE LEADERSHIP ROLES IN...

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LEDA CAREER AND ALUMNI SERVICESCAREER INSTITUTE:THE LEDA CAREER FELLOWS PROGRAM PREPARES HIGH-ACHIEVING, UNDER-RESOURCED UNDERGRADUATE STUDENTS - LEDA CAREER FELLOWS - FOR FUTURE LEADERSHIP ROLES IN THEIR PROFESSIONAL PURSUITS, INCLUDING A DEEPER AND MORE TARGETED FOCUS ON CAREER COACHING, CAREER EXPLORATION, PROFESSIONAL DEVELOPMENT, AND CAREER READINESS. THE 2024 LEDA CAREER INSTITUTE RETURNED TO NYU SCHOOL OF LAW AND RAN FROM AUGUST 6 THROUGH AUGUST 10. LEDA WELCOMED 91 NEW CAREER FELLOWS, WHO REPRESENTED 42 COLLEGES THROUGHOUT THE U.S. 97% OF OUR 2024 FELLOWS IDENTIFY AS BLACK, INDIGENOUS, OR PEOPLE OF COLOR. (CONT'D ON SCH O)THE CAREER INSTITUTE ALSO WELCOMED 13 EMPLOYER PARTNERS THAT, TOGETHER WITH LEDA STAFF, PROVIDED PROGRAMMING IN CAREER EXPLORATION AND PROFESSIONAL SKILL DEVELOPMENT. LEDA LEGAL:THE ADVANTAGE TESTING FOUNDATION IS A FOUNDING PARTNER OF LEDA AND ALSO RUNS TRIALS, THE NATION'S MOST SELECTIVE FULL-SCHOLARSHIP PRE-LAW PROGRAM. IT HAS DEVELOPED EXTENSIVE EXPERIENCE LAUNCHING GROUNDBREAKING INITIATIVES DESIGNED TO HELP UNDERREPRESENTED STUDENTS GAIN ACCESS TO EDUCATIONAL OPPORTUNITIES. THE FOUNDATION SERVES AS AN ONGOING PARTNER FOR LEDA LEGAL AND PROVIDES EXPERT PREPARATION FOR THE LSAT, A CRITICAL COMPONENT OF LAW SCHOOL APPLICATIONS. IN ADDITION, LEDA LEGAL PARTICIPANTS RECEIVE INTENSIVE PREPARATION FOR LAW SCHOOL, INCLUDING RIGOROUS LSAT PREPARATION PROVIDED BY ADVANTAGE TESTING AND ADDITIONAL SUPPORT FROM LEDA IN DEVELOPING THEIR APPLICATIONS. LAW SCHOOL PARTNERS, INCLUDING NYU SCHOOL OF LAW, HARVARD LAW SCHOOL, AND YALE LAW SCHOOL, LEAD WORKSHOPS AND ACADEMIC- AND CAREER-FOCUSED PANELS FOR THE COHORT THROUGHOUT THE EIGHT-MONTH PROGRAM. DURING THE REPORTING PERIOD: - 90% PARTICIPANTS REPORTED AN INCREASED LSAT SCORE; - 90% CHOSE TO TAKE THE LSAT MORE THAN ONCE IN ORDER TO ENSURE THEIR HIGHEST POSSIBLE SCORE; - 100% CONTINUED STUDYING FOR THE LSAT ON THEIR OWN USING MATERIALS AND STRATEGIES GAINED THROUGH LEDA LEGAL EVEN AFTER OUR FORMAL LSAT MODULE WAS COMPLETED. AT THE END OF THE LAW SCHOOL APPLICATION PROCESS, PARTICIPANTS WERE ADMITTED TO 13 PRESTIGIOUS INSTITUTIONS, INCLUDING COLUMBIA, GEORGETOWN.

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Trantor Score

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

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $3,803,585
Program Service Revenue $0
Investment Income $89
Other Revenue $16,476
TOTAL REVENUE $3,820,150

Expense Breakdown

Grants Paid $0
Salaries & Benefits $1,994,405
Fundraising Expenses $551,879
Program Expenses $1,890,984
Other Expenses $808,267
TOTAL EXPENSES $2,802,672

Year-over-Year Comparison

2023 2022 Change
Revenue $3,820,150 $2,116,611 +0.8%
Expenses $2,802,672 $3,114,919 -0.1%
Net Income $1,017,478 $-998,308 -2.0%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
18
Independent Members
16
Employees
71
Volunteers
35

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
3
$227,789
Total Directors
21
$227,789
Key Employees
0
$0
Highest Compensated
1
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
DAVID GARZA EXECUTIVE DIRECTOR 40.00
Officer Director
$179,110 $16,590 $195,700
ILANA GOLDMAN CHAIR / INTERIM EXECUTIVE DIRECTOR 8.00
Officer Director
$31,154 $935 $32,089
ERIC MENDEZ TREASURER 3.00
Officer Director
$0 $0 $0
EDEN ABRAHAMS TRUSTEE 1.00
Director
$0 $0 $0
LAWRENCE BASCOM TRUSTEE 1.00
Director
$0 $0 $0
ANDERS BRAG TRUSTEE 1.00
Director
$0 $0 $0
SENDER COHEN TRUSTEE 1.00
Director
$0 $0 $0
JORDAN DICKSON TRUSTEE 1.00
Director
$0 $0 $0
ALEXANDRA ENGLER TRUSTEE 1.00
Director
$0 $0 $0
ANDREW FISHER TRUSTEE 1.00
Director
$0 $0 $0
FREDERICK FOGEL TRUSTEE 1.00
Director
$0 $0 $0
LUCY FRIEDMAN TRUSTEE 1.00
Director
$0 $0 $0
JESSE FURMAN TRUSTEE 1.00
Director
$0 $0 $0
GUSTAVO GONZALEZ TRUSTEE 1.00
Director
$0 $0 $0
YELKA KAMARA TRUSTEE 1.00
Director
$0 $0 $0
PIOTR KAMINSKI TRUSTEE 1.00
Director
$0 $0 $0
SHULAMIT LEVIANT TRUSTEE 1.00
Director
$0 $0 $0
CRISTINA PIERETTI TRUSTEE 1.00
Director
$0 $0 $0
JOHN ROBERTS TRUSTEE 1.00
Director
$0 $0 $0
ELIZABETH SALINAS TRUSTEE 1.00
Director
$0 $0 $0
LEX SUVANTO TRUSTEE 1.00
Director
$0 $0 $0
TARA GELLENE SENIOR DIRECTOR OF PROGRAMS 40.00
Highest
$114,177 $11,175 $125,352
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
2025 No data No data No data No data
2024 $3,820,150 $2,802,672 $1,996,978 $1,017,478
2023 $2,116,611 $3,114,919 $1,096,556 $-998,308
2022 $2,511,529 $3,217,207 $2,003,452 $-705,678
2021 $2,027,958 $2,992,767 $3,072,693 $-964,809
2020 $4,014,802 $3,132,420 $4,080,534 $882,382
2019 $3,594,825 $2,981,402 $2,853,533 $613,423
2018 $3,824,339 $2,529,902 $2,253,676 $1,294,437
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