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Nonprofiteer
← LEAP INC

Form 990 for tax year 2022

Filed by LEAP INC.

Totals

Total revenue
$7,308,692
Total expenses
$6,737,274
Contributions and grants received
$6,917,261
Grants paid
$50,298
Program service revenue
$403,423
Investment income
$14,116
Other revenue
-$26,108
Total assets, end of year
$6,966,347
Total liabilities, end of year
$1,971,196
Net assets or fund balances, end of year
$4,995,151
Program services expenses (Part IX)
$5,704,004
Management and general expenses
$548,852
Fundraising expenses
$484,418
Program service expenses (Part III)
$5,704,004

Program services were 84.7% 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.

  • 1c · Fundraising events

    $109,101

  • 1d · Related organizations

    $57,000

  • 1e · Government grants (contributions)

    $1,156,848

  • 1f · All other contributions, gifts and grants

    $5,594,312

  • 2a · Program service revenue: WOODWORKER TRAINING

    total $287,333 · related or exempt $287,333

  • 2b · Program service revenue: SUBCONTRACTING INCOME

    total $116,090 · related or exempt $116,090

  • 3 · Investment income

    total $14,116 · excluded $14,116

  • 8a · Fundraising events: gross income

    $14,175

  • 8a · Fundraising events: contributions included on line 1c

    $109,101

  • 8b · Fundraising events: direct expenses

    $41,097

  • 8c · Net income from fundraising events

    total -$26,922 · excluded -$26,922

  • 11a · Other revenue: OTHER REVENUE

    total $814 · excluded $814

  • 11e · Other revenue, total

    $814

Functional expenses

Part IX, the statement of functional expenses.

  • 2 · Grants to domestic individuals

    total $50,298 · program services $50,298

  • 5 · Compensation of officers, directors and key employees

    total $291,991 · program services $241,287 · management and general $18,421 · fundraising $32,283

  • 7 · Other salaries and wages

    total $2,818,155 · program services $2,382,717 · management and general $138,759 · fundraising $296,679

  • 8 · Pension plan contributions

    total $92,926 · program services $76,789 · management and general $5,863 · fundraising $10,274

  • 9 · Other employee benefits

    total $386,353 · program services $319,263 · management and general $24,374 · fundraising $42,716

  • 10 · Payroll taxes

    total $266,770 · program services $220,446 · management and general $16,830 · fundraising $29,494

  • 11c · Fees: accounting

    total $71,157 · program services $24,000 · management and general $47,157

  • 11g · Fees: other

    total $236,700 · program services $185,147 · management and general $30,090 · fundraising $21,463

  • 12 · Advertising and promotion

    total $58,872 · program services $29,828 · management and general $7,371 · fundraising $21,673

  • 13 · Office expenses

    total $162,780 · program services $132,554 · management and general $21,674 · fundraising $8,552

  • 14 · Information technology

    total $240,821 · program services $211,978 · management and general $19,779 · fundraising $9,064

  • 16 · Occupancy

    total $663,524 · program services $548,430 · management and general $103,474 · fundraising $11,620

  • 17 · Travel

    total $67,828 · program services $49,315 · management and general $17,913 · fundraising $600

  • 22 · Depreciation, depletion and amortization

    total $159,927 · program services $84,029 · management and general $75,898

  • 23 · Insurance

    total $20,334 · program services $3,500 · management and general $16,834

  • 24a · Other expenses: TRAINING PROGRAMS

    total $1,086,309 · program services $1,084,504 · management and general $1,805

  • 24b · Other expenses: REPAIRS & MAINTENANCE

    total $37,775 · program services $35,907 · management and general $1,868

  • 24c · Other expenses: WAGE SUBSIDY

    total $16,096 · program services $16,096

  • 24d · Other expenses: ADMINISTRATIVE EXPENSE

    total $4,876 · program services $4,876

  • 24e · All other expenses

    total $3,782 · program services $3,040 · management and general $742

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $2,988,782 · end of year $3,261,971

  • 3 · Pledges and grants receivable

    beginning of year $1,267,892 · end of year $1,465,079

  • 4 · Accounts receivable

    beginning of year $200,102 · end of year $324,658

  • 9 · Prepaid expenses and deferred charges

    beginning of year $12,167 · end of year $12,654

  • 10a · Land, buildings and equipment: cost or other basis

    $1,748,394

  • 10b · Land, buildings and equipment: accumulated depreciation

    $1,341,413

  • 10c · Land, buildings and equipment, net

    beginning of year $478,296 · end of year $406,981

  • 11 · Investments: publicly traded securities

    beginning of year $7,444 · end of year $10,605

  • 15 · Other assets

    beginning of year $1,445,994 · end of year $1,484,399

  • 17 · Accounts payable and accrued expenses

    beginning of year $593,181 · end of year $503,605

  • 25 · Other liabilities

    beginning of year $1,385,688 · end of year $1,467,591

  • 27 · Net assets without donor restrictions

    beginning of year $4,313,317 · end of year $4,681,042

  • 28 · Net assets with donor restrictions

    beginning of year $108,491 · end of year $314,109

Mission and programs · 2022

Mission

LEAP EMPOWERS LOW AND MODERATE INCOME PEOPLE BY HELPING THEM GAIN ACCESS TO LIVING-WAGE EMPLOYMENT OPPORTUNITIES AND CAREER PATHS. WE SEEK TO DEVELOP PROGRAMS THAT COUNTER PREVAILING MARKET INEQUALITIES AND CONTRIBUTE TO A BROADER MOVEMENT FOR ECONOMIC JUSTICE.

Activities or mission (Part I)

LEAP EMPOWERS LOW AND MODERATE INCOME PEOPLE BY HELPING THEM GAIN ACCESS TO LIVING-WAGE EMPLOYMENT OPPORTUNITIES AND CAREER PATHS. WE SEEK TO DEVELOP PROGRAMS THAT COUNTER PREVAILING MARKET INEQUALITIES AND TO A BROADER MOVEMENT FOR ECONOMIC JUSTICE.

  • RED HOOK ON THE ROAD:RED HOOK ON THE ROAD IS BWI'S COMMERCIAL DRIVING TRAINING PROGRAM. THIS FOUR-WEEK PROGRAM PREPARES PARTICIPANTS FOR JOBS AS DRIVERS OF "CLASS B/BPS" COMMERCIAL VEHICLES INCLUDING TRUCKS, SCHOOL BUSES, COACH OR CHARTER BUSES, AIRPORT SHUTTLE BUSES AND ACCESS-A-RIDE AND OTHER PARA-TRANSIT VEHICLES. THE COURSE CONSISTS OF INDUSTRY-SPECIFIC SKILLS, SUCH AS MAP-READING AND BEHIND THE WHEEL INSTRUCTION, AS WELL AS JOB READINESS AND SOFT SKILLS, SUCH AS MOCK INTERVIEWS AND CUSTOMER SERVICE SKILLS TRAINING. IN FY23, BWI ENROLLED 187 INDIVIDUALS INTO TRAINING, GRADUATING 92%. SO FAR, 81% OF GRADUATES HAVE OBTAINED CDL CERTIFICATION AND 78% OF THOSE LICENSED HAVE BEEN CONNECTED TO EMPLOYMENT. STARTING WAGES FOR WORKING GRADUATES ARE $24.02/HOUR, ON AVERAGE.

    Expenses $1,179,560

  • BWI'S NYCHA RESIDENT TRAINING ACADEMY:BWI'S NYCHA RESIDENT TRAINING ACADEMY PREPARES PUBLIC HOUSING RESIDENTS FOR CAREERS WITH THE NEW YORK CITY HOUSING AUTHORITY (NYCHA). TRAINEES PARTICIPATE IN UP TO SIX WEEKS OF TRAINING FOR VARIOUS EMPLOYMENT OPPORTUNITIES ON NYCHA DEVELOPMENTS THROUGHOUT THE FIVE BOROUGHS, INCLUDING CARETAKER AND CONSTRUCTION RELATED ROLES. POSITIONS WITH NYCHA OFFER OPPORTUNITIES FOR ADVANCEMENT AND EXCELLENT BENEFITS. IN FY23, THIS PROGRAM ENROLLED 276 INDIVIDUALS, GRADUATING 92% OF THOSE ENROLLED. THUS FAR, 90% OF GRADUATES HAVE BEEN PLACED INTO JOBS, EARNING $15.89 ON AVERAGE.

    Expenses $820,109

  • BROOKLYN WOODS: BROOKLYN WOODS TRAINS NEW YORKERS FOR CAREERS IN WOODWORKING AND FABRICATION. THROUGH SEVEN WEEKS OF CLASSROOM AND HANDS-ON TRAINING, GRADUATES LEARN SHOP PRODUCTION, WOOD TECHNOLOGY, FINISHING TECHNIQUES, CABINET INSTALLATION, MECHANICAL DRAWING, AND THE SAFE USE AND PROPER CARE OF HAND AND POWER TOOLS IN BWI'S CUSTOM-BUILT WOODWORKING SHOP. GRADUATES ARE PLACED IN JOBS AT LARGE AND SMALL WOODWORKING SHOPS, CONSTRUCTION AND HOME RENOVATION COMPANIES, HOME IMPROVEMENT STORES AND REAL ESTATE PROPERTY MANAGEMENT FIRMS. BROOKLYN WOODS ALSO OPERATES A CABINET-BUILDING SOCIAL ENTERPRISE WHICH OFFERS EMPLOYMENT OPPORTUNITIES TO RECENT GRADUATES. IN FY23, BROOKLYN WOODS ENROLLED 70 PARTICIPANTS, GRADUATING 83%. THUS FAR, 64% OF GRADUATES HAVE BEEN PLACED IN JOBS IN THE SECTOR EARNING $22.71 ON AVERAGE.

    Expenses $609,451

  • "MADE IN NY" PRODUCTION ASSISTANT TRAINING PROGRAM:THE "MADE IN NY" PRODUCTION ASSISTANT (PA) TRAINING PROGRAM CONNECTS UNDERREPRESENTED NEW YORKERS WITH CAREERS IN TV AND FILM PRODUCTION THROUGH HANDS-ON TRAINING. THE INTENSIVE FOUR-WEEK PROGRAM IS OFFERED IN PARTNERSHIP WITH THE NYC MAYOR'S OFFICE OF MEDIA AND ENTERTAINMENT. PARTICIPANTS LEARN SET AND OFFICE PRODUCTION ASSISTANT SKILLS AND ARE PLACED IN JOBS ON FEATURE FILMS, EPISODIC AND REALITY TV, COMMERCIALS, MUSIC VIDEOS AND OTHER PRODUCTIONS. IN FY23, THIS PROGRAM ENROLLED 74 INDIVIDUALS, GRADUATING 95%. THUS FAR, 86% OF GRADUATES HAVE BEEN CONNECTED TO EMPLOYMENT AND ARE EARNING AN AVERAGE OF $23.87/HOUR. THE NATIONWIDE WRITERS (WGA) AND ACTORS (SAG-AFTRA) STRIKES HAVE IMPACTED FY23 PLACEMENTS FOR THIS PROGRAM, BUT NOW THAT THE STRIKES ARE RESOLVED ROBUST HIRING IN NYC HAS RESUMED."MADE IN NY" POST PRODUCTION TRAINING PROGRAM:THE "MADE IN NY" POST PRODUCTION PROGRAM OFFERS FIVE WEEKS OF TRAINING ON INDUSTRY-STANDARD POST PRODUCTION SOFTWARE AND CERTIFICATION BY THE NEW YORK CITY MAYOR'S OFFICE OF MEDIA AND ENTERTAINMENT. THE PROGRAM PREPARES GRADUATES EACH YEAR FOR ENTRY-LEVEL POSITIONS AT POST PRODUCTION COMPANIES. ENTRY-LEVEL POSITIONS OFTEN LEAD TO EXPOSURE TO MORE TECHNICAL FACETS OF POST PRODUCTION AND CAN HELP ESTABLISH A PATHWAY TO A MORE SPECIALIZED ROLE IN THE FIELD. IN FY23, THIS PROGRAM ENROLLED 46 INDIVIDUALS, GRADUATING 96% AND THUS FAR PLACING 71% OF GRADUATES IN JOBS EARNING $22.68/HOUR. SIMILAR TO THE PRODUCTION ASSISTANT TRAINING PROGRAM, THE NATIONWIDE WRITERS (WGA) AND ACTORS (SAG-AFTRA) STRIKES IMPACTED PLACEMENTS FOR THIS PROGRAM, BUT NYC IS PROJECTING PERSISTENTLY STRONG HIRING DEMAND WITHIN THE SECTOR NOW THAT THE STRIKE IS RESOLVED. BROOKLYN NETWORKS:BROOKLYN NETWORKS IS BWI'S INFORMATION AND COMMUNICATIONS TECHNOLOGY PROGRAM, WHICH OFFERS ACCESS TO JOBS INSTALLING AND MAINTAINING COMPUTER, VOICE, DATA, VIDEO, AND SECURITY SYSTEM CABLING. THIS SIX-WEEK, FULL-TIME TRAINING PROGRAM IS LED BY INDUSTRY EXPERTS AND SERVED 61 INDIVIDUALS IN FY23, GRADUATING 89% OF ENROLLEES. GRADUATES HAVE THE OPPORTUNITY TO OBTAIN THEIR INDUSTRY-RECOGNIZED BUILDING INDUSTRY CONSULTING SERVICE INTERNATIONAL ("BICSI") CERTIFICATION AND QUICKLY BEGIN WORK IN THE FIELD. LAST YEAR, BWI PLACED 80% OF GRADUATES INTO JOBS EARNING AN AVERAGE OF $20.17/HOUR. BROOKLYN WORKFORCE COLLABORATION:THE BROOKLYN WORKFORCE COLLABORATION IS BWI'S EMPLOYER-CUSTOMIZED TRAINING PROGRAM THAT OFFERS TRAINING TAILORED TO SPECIFIC HIRING DEMANDS, WITH A PARTICULAR FOCUS ON GROWING SECTORS OF NEW YORK CITY'S ECONOMY. TRAINING PROGRAMS ARE DEVELOPED BASED ON SPECIFIC EMPLOYER DEMAND. BWI HAS PILOTED SUCCESSFUL TRAINING PROGRAMS IN PREPARATION FOR ROLES IN THE AFFORDABLE HOUSING INDUSTRY, SOLAR INSTALLATION, AND TECH SECTORS ROLES. IN FY23, THE PROGRAM SERVED 115 INDIVIDUALS AND GRADUATED 88% OF THOSE ENROLLED. THUS FAR, 85% OF GRADUATES HAVE BEEN PLACED IN JOBS EARNING AN AVERAGE OF $21.15.

    Expenses $3,094,884 · Grants $50,298 · Revenue $403,423

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • June Yearwood

    CHAIR

    Total calculated
    $0
    Hours/week
    2

  • Gary Rindner

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    2

  • Michelle De La Uz

    SECRETARY

    Total calculated
    $243,874
    From this org
    $0
    From related orgs
    $233,154
    Other
    $10,720
    Hours/week
    0.5 + 34.5 related

    Schedule J breakdown matched by us

    Base
    $0 + $229,154 related
    Bonus
    $0 + $1,000 related
    Other
    $0 + $3,000 related
    Deferred
    $0 + $10,647 related
    Nontaxable benefits
    $0 + $73 related
    Filer's total
    $0 + $243,874 related

  • Jeff Reiser

    TREASURER

    Total calculated
    $0
    Hours/week
    2

  • Azad Assadipour

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Sophie Champtaloup

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Maria Fotsch

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Lara Gruber

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Jeanine Mendez

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Manasvi Menon

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Lara O'Brien

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Anjulika Saini

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Toya Williford

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Melissa Woods

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2 + 2 related

  • Aaron Shiffman

    EXECUTIVE DIRECTOR

    Total calculated
    $292,608
    From this org
    $214,693
    From related orgs
    $0
    Other
    $77,915
    Hours/week
    35

    Schedule J breakdown matched by us

    Base
    $213,693
    Bonus
    $1,000
    Other
    $0
    Deferred
    $9,866
    Nontaxable benefits
    $68,049
    Filer's total
    $292,608

  • Roy Nielsen

    DIRECTOR OF FINANCE & IT

    Total calculated
    $190,999
    From this org
    $0
    From related orgs
    $170,054
    Other
    $20,945
    Hours/week
    0.5 + 34.5 related

    Schedule J breakdown matched by us

    Base
    $0 + $164,054 related
    Bonus
    $0 + $6,000 related
    Other
    $0
    Deferred
    $0 + $7,984 related
    Nontaxable benefits
    $0 + $12,961 related
    Filer's total
    $0 + $190,999 related

  • Julio Perez

    PROGRAM DIRECTOR

    Total calculated
    $125,792
    From this org
    $105,392
    From related orgs
    $0
    Other
    $20,400
    Hours/week
    35

  • Shawn Hegele

    DEVELOPMENT DIRECTOR

    Total calculated
    $148,136
    From this org
    $138,294
    From related orgs
    $0
    Other
    $9,842
    Hours/week
    35

  • Scott Peltzer

    DIRECTOR OF BROOKLYN WOODS

    Total calculated
    $115,768
    From this org
    $110,318
    From related orgs
    $0
    Other
    $5,450
    Hours/week
    35

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 · Compensation committee
  • 3 · Form 990 of other organizations
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee
  • 7 · Other non-fixed payments

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
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

PART I, LINE 7
THE ORGANIZATION PAID DISCRETIONARY BONUSES TO CERTAIN INDIVIDUALS LISTED IN PART II AS REPORTED IN COLUMN B(II) FOR THE APPLICABLE INDIVIDUALS.

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.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Related partnerships

Part III: related organizations taxable as a partnership, with the filer's share.

  • 551 WARREN STREET 1 LIMITED PARTNERSHIP

    RELATED · LOW INCOME HOUSING · NY

    Directly controlled by 551 WARREN STREET 1 INC

  • ATLANTIC TERRACE 12 LLC

    RELATED · LOW INCOME HOUSING · NY

    Directly controlled by FAC ATLANTIC TERRACE INC

  • FAC 6309 FOURTH AVENUE LP

    RELATED · LOW INCOME HOUSING · NY

    Directly controlled by FAC 6309 FOURTH AVENUE GP INC

  • FAC 6309 FOURTH AVENUE MM LLC

    RELATED · LOW INCOME HOUSING · NY

    Directly controlled by FAC 6309 FOURTH AVENUE GP INC

  • FAC BROWNSVILLE APARTMENTS LP

    RELATED · LOW INCOME HOUSING · NY

    Directly controlled by FAC BROWNSVILLE APARTMENTS GP

  • FAC RENAISSANCE LIMITED PARTNERSHIP

    RELATED · LOW INCOME HOUSING · NY

    Directly controlled by FAC RENAISSANCE GP

  • FAC SUNSET PARK LIMITED PARTNERSHIP

    RELATED · LOW INCOME HOUSING · NY

    Directly controlled by FAC SUNSET PARK GP

  • NORTHEASTERN TOWERS ANNEX DEVELOPER LLC

    RELATED · LOW INCOME HOUSING · NY

    Directly controlled by FAC NORTHEASTERN TOWERS MEMBER LLC

  • NORTHEASTERN TOWERS ANNEX GP LLC

    RELATED · LOW INCOME HOUSING · NY

    Directly controlled by NORTHEASTERN TOWERS ANNEX MANAGER LLC

  • NORTHEASTERN TOWERS ANNEX LP

    RELATED · LOW INCOME HOUSING · NY

    Directly controlled by NORTHEASTERN TOWERS ANNEX MANAGER LLC

  • NORTHEASTERN TOWERS ANNEX MANAGER LLC

    RELATED · LOW INCOME HOUSING · NY

    Directly controlled by FAC NORTHEASTERN TOWERS MEMBER LLC

  • SUPPORTIVE SLOPE LIMITED PARTNERSHIP

    RELATED · LOW INCOME HOUSING · NY

    Directly controlled by 575 FIFTH AVENUE INC

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

  • 551 WARREN STREET I INC

    C · LOW INCOME HOUSING · NY

    Directly controlled by FIFTH AVENUE COMMITTEE INC

  • 575 FIFTH AVENUE INC

    C · LOW INCOME HOUSING · NY

    Directly controlled by FIFTH AVENUE COMMITTEE INC

  • FAC RED HOOK HOMES INC

    C · LOW INCOME HOUSING · NY

    Directly controlled by FIFTH AVENUE COMMITTEE INC

  • FAC SUNSET PARK GP

    C · LOW INCOME HOUSING · NY

    Directly controlled by FIFTH AVENUE COMMITTEE INC

  • FAC RENAISSANCE GP

    C · LOW INCOME HOUSING · NY

    Directly controlled by FIFTH AVENUE COMMITTEE INC

  • FAC 6309 FOURTH AVENUE GP INC

    C · LOW INCOME HOUSING · NY

    Directly controlled by FIFTH AVENUE COMMITTEE INC

  • FAC ATLANTIC TERRACE INC

    C · LOW INCOME HOUSING · NY

    Directly controlled by FIFTH AVENUE COMMITTEE INC

  • FAC FULTON STREET HDFC

    C · LOW INCOME HOUSING · NY

    Directly controlled by FIFTH AVENUE COMMITTEE INC

  • FAC BROWNSVILLE GP INC

    C · LOW INCOME HOUSING · NY

    Directly controlled by FIFTH AVENUE COMMITTEE INC

  • FAC CLUSTER HDFC

    C · LOW INCOME HOUSING · NY

    Directly controlled by FIFTH AVENUE COMMITTEE INC

Provenance

Return type
form_990
Tax year
2022
Filed
9 May 2024
IRS schema version
2022v5.0
Source object
202401319349300400

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