GREAT LEAP INC

EIN: 953337990 501(c)(3) Arts, Culture & Humanities

Los Angeles, CA

Total Revenue
$226,163
Total Expenses
$122,590
Total Assets
$234,803
Net Assets
$232,311
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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
1978
Legal Domicile
CA
Principal Officer
Alison De La Cruz
Phone
3108501287
Tax Period
2022-01-01 to 2022-12-31

GREAT LEAP INC, founded in 1978, is a small nonprofit in the Arts, Culture & Humanities sector that reported $226K in total revenue in fiscal year 2022. Revenue surged 192% from the prior year, signaling strong growth momentum. The organization ran a surplus of $104K, a strong 46% operating margin.

Mission

To use art and artists to foster understanding between communities.

Program Service Accomplishments

Program 1
Expenses: $92,096

Great Leap artists shared artistic work, served as experts on panels online as well as live events. Great Leap artists were part of digital and live events commemorate the 80th Anniversary of US...

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Great Leap artists shared artistic work, served as experts on panels online as well as live events. Great Leap artists were part of digital and live events commemorate the 80th Anniversary of US Executive Order 9066 that incarcerated Japanese Americans during World War II with Asahi TV and the Smithsonian Musemum. The Artistic Director created a new Obon song for the Buddist Churches of American Obon Dances across the Country. Additionally, we participated in educational classroom visits with middle school, high school and college students. And finally, our artistic director was part of the 40th Anniversary of the Vincent Chin Remembrance. In 2022 Great Leap served 10,000 audience members across digital platforms and live 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 (2022)

Revenue Breakdown

Contributions & Grants $164,256
Program Service Revenue $61,904
Investment Income $3
Other Revenue $0
TOTAL REVENUE $226,163

Expense Breakdown

Grants Paid $0
Salaries & Benefits $4,206
Fundraising Expenses $7,590
Program Expenses $92,096
Other Expenses $118,384
TOTAL EXPENSES $122,590

Year-over-Year Comparison

2022 2021 Change
Revenue $226,163 $77,498 +1.9%
Expenses $122,590 $73,057 +0.7%
Net Income $103,573 $4,441 +22.3%
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
8
Independent Members
7
Employees
1
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
$0
Total Directors
3
$15,079
Key Employees
1
$15,079
Highest Compensated
1
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Nobuko Miyamoto Ex- Officio 040.00
Director Key Emp Highest
$0 $0 $15,079
Meryl Marshall-Daniels President 001.50
Officer Director
$0 $0 $0
Clara Chiu Vice-President 001.50
Officer Director
$0 $0 $0
Eugene Ahn Member 001.50
$0 $0 $0
Ken Hayashi Member 001.50
$0 $0 $0
Quetzal Flores Member 001.50
$0 $0 $0
Dr Deborah Wong Member 001.50
$0 $0 $0
Angela Moreira Member 001.50
$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
2022 $226,163 $122,590 $234,803 $103,573
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