Form 990 for tax year 2024

Totals

Total revenue

$3,861,853

Total expenses

$2,893,248

Contributions and grants received

$3,862,045

Grants paid

$0

Program service revenue

$0

Investment income

-$242

Other revenue

$50

Total assets, end of year

$2,744,152

Total liabilities, end of year

$226,547

Net assets or fund balances, end of year

$2,517,605

Program services expenses (Part IX)

$2,021,992

Management and general expenses

$364,137

Fundraising expenses

$507,119

Program service expenses (Part III)

$2,021,992

Program services were 69.9% 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.

Mission and programs · 2024

• LEDA SCHOLARS PROGRAMSUMMER INSTITUTE:IN FY2025, THE LEDA SUMMER INSTITUTE CONTINUED TO BUILD ON THE EXPANSION ESTABLISHED IN THE PREVIOUS YEAR BY HOSTED SCHOLARS ON TWO CAMPUSES. FOR FY2025, SCHOLARS SPENT THREE WEEKS IN RESIDENCE AT PRINCETON UNIVERSITY AND TWO WEEKS IN RESIDENCE AT YALE UNIVERSITY. 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 PRIOR COHORTS INDICATED THAT BOTH THE TRANSITION AND THEOPPORTUNITY 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 TWO WEEKS OF THE PROGRAM.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 CONFIDENTTHAT 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 2024-2025 LEDA APPLICATION INSEPTEMBER 2024 AND BUILT ON THE ROBUST VIRTUAL OUTREACH NETWORK IT HAD PUT INTO PLACE OVER THE PAST SEVERAL YEARS. ULTIMATELY, THIS LED TO 1,361 COMPLETE APPLICATIONS BY THE END OF THE RECRUITMENT PHASE IN MID-DECEMBER.COHORT 21 SCHOLARS COME FROM 36 U.S. STATES AND TERRITORIES. 80% OF THEM WILL BE FIRST-GENERATION COLLEGE STUDENTS. 60% IDENTIFY AS FEMALE AND 40% AS MALE. COHORT 21'S HOUSEHOLDS HAVE AN AVERAGE INCOME OF $$39,575.43, AND SPEAK A TOTAL OF 29 DISTINCT LANGUAGES. 10% OF COHORT 21 APPLICANTS COME FROM RURAL COMMUNITIES.COLLEGE GUIDANCE:IN THE FALL OF 2024, 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 20 DEVELOPED DURING THE 2024 ASPECTS OF LEADERSHIP SUMMER INSTITUTE. SCHOLARS SUBMITTED 177 EARLY DECISION OR EARLY ACTION APPLICATIONS. SOME OF THE MOST HIGHLY REPRESENTED COLLEGES INCLUDE YALE (15 EARLY APPLICANTS), USC (13 EARLY APPLICANTS) AND STANFORD (10 APPLICANTS). ULTIMATELY, 61% OF COHORT 20 WAS ADMITTED TO AT LEAST ONE IVY-+ UNIVERSITY. THIS IS AN INCREASE OF 5% OVER OUR RATES FOR THE PAST SEVERAL YEARS. 87% WERE ADMITTED TO AT LEAST ONE TOP 60 UNIVERSITY. ADDITIONALLY, OUR YALE PARTNERSHIP HAS HAD AN INCREDIBLE IMPACT: AMONG COHORT 20 SCHOLARS, WE HAD 61 LEDA SCHOLARS APPLY TO YALE (NEARLY TWICE AS MANY AS IN THE PREVIOUS YEAR), AND WE HAD 37 SCHOLARS ACCEPTED. THIS REPRESENTS A 61% ADMIT RATE. 27 LEDA SCHOLARS FROM COHORT 20 ULTIMATELY MATRICULATED AT YALE.AFTER CONSULTING WITH THE COLLEGE GUIDANCE TEAM TO EVALUATE THEIR ACADEMIC AND FINANCIAL AID OPTIONS, 100% OF COHORT 20 MATRICULATED AT A COLLEGE THAT THEY DETERMINED WOULD BEST FIT THEIR NEEDS.COLLEGE SUCCESS:DURING THE REPORTING PERIOD, LEDA'S COLLEGE SUCCESS STAFF CONDUCTED REGULAR CHECK-INS WITH UNDERGRADUATE SCHOLARS, COMPLETING 434 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 230 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 ANNUAL CELEBRATION IN MAY 2025.

  Expenses $1,673,343

• 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 2025 LEDA CAREER INSTITUTE RETURNED TO NYU SCHOOL OF LAW AND RAN FROM AUGUST 4 THROUGH AUGUST 8. LEDA WELCOMED 100 NEW CAREER FELLOWS, 66 OF WHOM WERE SECOND YEAR COLLEGE STUDENTS AND 34 OF WHOM WERE THIRD YEAR STUDENTS. 98% OF OUR 2025 FELLOWS IDENTIFY AS BLACK, INDIGENOUS, OR PEOPLE OF COLOR.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.FOR 2025, LEDA LEGAL ENROLLED MORE STUDENTS THAN EVER - 32, 88% OF WHOM COMPLETED THE PROGRAM.

  Expenses $348,649

As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

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

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

7 July 2026

IRS schema version

2024v5.5

Source object

202601899349301455

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