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Nonprofiteer
← LEAP INNOVATIONS

Form 990 for tax year 2024

Filed by LEAP INNOVATIONS.

Totals

Total revenue
$1,644,920
Total expenses
$2,310,372
Contributions and grants received
$827,240
Grants paid
$0
Program service revenue
$820,517
Investment income
-$2,837
Other revenue
$0
Total assets, end of year
$590,850
Total liabilities, end of year
$1,564,018
Net assets or fund balances, end of year
-$973,168
Program services expenses (Part IX)
$1,357,197
Management and general expenses
$688,612
Fundraising expenses
$264,563
Program service expenses (Part III)
$1,357,197

Program services were 58.7% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1f · All other contributions, gifts and grants

    $827,240

  • 1g · Noncash contributions included above

    $254,845

  • 2a · Program service revenue: Program Service Fees

    total $820,517 · related or exempt $820,517

  • 7b · Less cost or other basis and sales expenses

    securities $2,837

  • 7c · Gain or loss

    securities -$2,837

  • 7d · Net gain or loss

    total -$2,837 · excluded -$2,837

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $394,254 · program services $233,017 · management and general $122,733 · fundraising $38,504

  • 7 · Other salaries and wages

    total $609,155 · program services $360,031 · management and general $189,632 · fundraising $59,492

  • 8 · Pension plan contributions

    total $75 · program services $44 · management and general $24 · fundraising $7

  • 9 · Other employee benefits

    total $53,122 · program services $31,397 · management and general $16,537 · fundraising $5,188

  • 10 · Payroll taxes

    total $86,976 · program services $50,359 · management and general $28,214 · fundraising $8,403

  • 11c · Fees: accounting

    total $25,046 · management and general $25,046

  • 11g · Fees: other

    total $550,297 · program services $294,362 · management and general $119,660 · fundraising $136,275

  • 12 · Advertising and promotion

    total $29,461 · program services $3,231 · management and general $26,230

  • 13 · Office expenses

    total $14,027 · program services $1,709 · management and general $12,125 · fundraising $193

  • 14 · Information technology

    total $64,860 · program services $42,438 · management and general $18,940 · fundraising $3,482

  • 16 · Occupancy

    total $55 · management and general $55

  • 17 · Travel

    total $114,804 · program services $69,299 · management and general $42,649 · fundraising $2,856

  • 19 · Conferences, conventions and meetings

    total $217,634 · program services $175,128 · management and general $42,506

  • 20 · Interest

    total $63,324 · program services $34,790 · management and general $21,576 · fundraising $6,958

  • 22 · Depreciation, depletion and amortization

    total $42,053 · program services $42,053

  • 23 · Insurance

    total $29,141 · program services $16,027 · management and general $9,909 · fundraising $3,205

  • 24a · Other expenses: Dues and Subscriptions

    total $8,045 · program services $3,055 · management and general $4,990

  • 24b · Other expenses: Sponsorships

    total $7,500 · management and general $7,500

  • 24c · Other expenses: Registration Fees

    total $159 · management and general $159

  • 24e · All other expenses

    total $384 · program services $257 · management and general $127

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $248,652 · end of year $112,282

  • 3 · Pledges and grants receivable

    beginning of year $172,367 · end of year $376,777

  • 4 · Accounts receivable

    beginning of year $75,688 · end of year $24,865

  • 9 · Prepaid expenses and deferred charges

    beginning of year $577 · end of year $3,333

  • 14 · Intangible assets

    beginning of year $103,135 · end of year $73,593

  • 17 · Accounts payable and accrued expenses

    beginning of year $109,146 · end of year $231,278

  • 19 · Deferred revenue

    beginning of year $61,500 · end of year $82,740

  • 24 · Unsecured notes and loans payable

    beginning of year $750,000 · end of year $1,250,000

  • 27 · Net assets without donor restrictions

    beginning of year -$417,594 · end of year -$1,349,945

  • 28 · Net assets with donor restrictions

    beginning of year $97,367 · end of year $376,777

Mission and programs · 2024

Mission

To create equitable, personalized learning experiences for learners to reach their full potential.

  • The new learning model will align the needs, interests and ambitions of each student - with community-based, in-person and digital resources and programs.

    Expenses $1,357,197 · Revenue $820,517

As filed on the 2024 return.

Listed in Part VII

  • Ann Chavez

    President

    Total calculated
    $162,027
    From this org
    $154,996
    From related orgs
    $0
    Other
    $7,031
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $147,965
    Bonus
    $0
    Other
    $7,031
    Deferred
    $0
    Nontaxable benefits
    $7,031
    Filer's total
    $162,027

  • Scott Frauenheim

    Chief Executive Officer

    Total calculated
    $110,000
    From this org
    $110,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    16

  • Joseph Wise

    Chair

    Total calculated
    $0
    Hours/week
    0.5

  • Timothy R Schwertfeger

    Director

    Total calculated
    $0
    Hours/week
    0.5

  • Harriet Sietler

    Director

    Total calculated
    $0
    Hours/week
    0.5

  • Helayne Jones

    Director (Until 1/2025)

    Total calculated
    $0
    Hours/week
    0.5

  • Sara Ray Hallman

    Director (From 11/2024)

    Total calculated
    $0
    Hours/week
    0.5

  • Kenneth Wong

    Director

    Total calculated
    $12,000
    From this org
    $12,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    0.5

  • David Sundstrom

    Director

    Total calculated
    $0
    Hours/week
    0.5

  • Elizabeth Winke

    Chief Finance Officer

    Total calculated
    $55,000
    From this org
    $55,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

  • Susan Holmes

    Sr Exec Dir, Modern Learning Network

    Total calculated
    $132,922
    From this org
    $111,172
    From related orgs
    $0
    Other
    $21,750
    Hours/week
    40

  • Silvia Kosovich

    Sr Manager, Admin & Ops

    Total calculated
    $124,826
    From this org
    $112,091
    From related orgs
    $0
    Other
    $12,735
    Hours/week
    40

  • Kathleen E Speth

    Sr Innovation Partner (Until 7/2024)

    Total calculated
    $100,476
    From this org
    $100,476
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 3 · Form 990 of other organizations
  • 3 · Approval by the board or compensation committee

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2024
Filed
23 April 2026
IRS schema version
2024v5.5
Source object
202641139349301224

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