LEAP INITIATIVE INC

EIN: 843452395 501(c)(3)

MOUNTAIN VIEW, CA

Total Revenue
$422,501
Total Expenses
$381,761
Total Assets
$43,655
Net Assets
$43,655
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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year
2019
Legal Domicile
CA
Principal Officer
QING HAN
Phone
5109985388
Tax Period
2020-01-01 to 2020-12-31

LEAP INITIATIVE INC, founded in 2019, is a small nonprofit that reported $423K in total revenue in fiscal year 2020. Expenses of $382K left a modest 10% surplus.

Mission

LEAP (LIFE-SCIENCE ENTREPRENEURSHIP AND PLUS) IS A CLOSELY CONNECTED AND COLLABORATIVE COMMUNITY FEATURING ASPIRING SCIENTISTS AND SCHOLARS, ENTREPRENEURS AND INVESTORS, PROFESSIONALS, AND INDUSTRY LEADERS. LEAP DEDICATES TO INFORM, INSPIRE AND SUPPORT OUR MEMBERS AND PEERS THROUGH SEMINARS, LECTURES, WORKSHOPS, AND SOCIAL EVENTS.

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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 (2020)

Revenue Breakdown

Contributions & Grants $416,669
Program Service Revenue $5,632
Investment Income $0
Other Revenue $200
TOTAL REVENUE $422,501

Expense Breakdown

Grants Paid $358,041
Salaries & Benefits $0
Fundraising Expenses $178
Program Expenses $372,495
Other Expenses $23,720
TOTAL EXPENSES $381,761

Year-over-Year Comparison

2020 2019 Change
Revenue $422,501 N/A N/A
Expenses $381,761 N/A N/A
Net Income $40,740 $0 N/A
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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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

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Governance

Voting Members
3
Independent Members
3
Employees
N/A
Volunteers
30

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
1
$0
Total Directors
3
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
QING HAN PRESIDENT 10
Officer Director
$0 $0 $0
JIWEN WEI BOARD MEMBER 10
Director
$0 $0 $0
LIQIN ZHANG BOARD MEMBER 10
Director
$0 $0 $0
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
2020 $422,501 $381,761 $43,655 $40,740
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