Form 990 for tax year 2025

Totals

Total revenue

$627,826

Total expenses

$627,826

Contributions and grants received

$627,826

Grants paid

$627,826

Program service revenue

$0

Investment income

$0

Other revenue

$0

Total assets, end of year

$232,031

Total liabilities, end of year

$232,031

Net assets or fund balances, end of year

$0

Program services expenses (Part IX)

$627,826

Management and general expenses

$0

Fundraising expenses

$0

Program service expenses (Part III)

$627,826

Program services were 100.0% 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 · 2025

• COMMUNITY REAL ESTATE PARTNERSHIP PROJECTS: LEAP THRIVE PARTNERED WITH GILLESPIE GROUP AS THEIR NONPROFIT CO-DEVELOPER TO BRING TO REALITY A SIGNIFICANT COMMUNITY-ORIENTED HISTORIC BLOCK REDEVELOPMENT ON MICHIGAN AVENUE IN DOWNTOWN LANSING CALLED BRICK ROW. WITH ADDITIONAL ECONOMIC DEVELOPMENT PARTNERS, THE MICHIGAN ECONOMIC DEVELOPMENT CORPORATION (MEDC), MICHIGAN STATE HOUSING DEVELOPMENT AUTHORITY (MSHDA), CITY OF LANSING AND ITS LANSING ECONOMIC DEVELOPMENT CORPORATION (EDC), AND THE LANSING ECONOMIC AREA PARTNERSHIP (LEAP), ALL COLLABORATED WITH THE DEVELOPMENT TEAM TO MAKE THE $8 MILLION REDEVELOPMENT PROJECT FEASIBLE. THE PROJECT WILL CREATE 15 HOUSING UNITS, INCLUDING AFFORDABLE UNITS, WHILE ALSO REVITALIZING AND/OR CREATING SIX DISTINCT COMMERCIAL RETAIL SPACES TOTALING NEARLY 6,900 SQUARE FEET ON FIRST FLOORS OF THESE CRITICAL STADIUM DISTRICT NEIGHBORHOOD BUILDINGS ON THE KEY COMMERCIAL CORRIDOR OF MICHIGAN AVENUE, CONNECTING MICHIGAN'S CAPITAL CITY AND MICHIGAN STATE UNIVERSITY. LEAP THRIVE ACTS AS A FINANCIAL PARTNER THAT IS RESPONSIBLE FOR INJECTING PUBLIC FUND SOURCES INTO THE PROJECT, BOTH AS SUBGRANTEE TO LEAP FOR A $3M MSHDA GRANT APPROPRIATED BY SENATOR ANTHONY'S OFFICE IN THE 2025 STATE BUDGET, AND MOVING TOWARD FINALIZING ADMINISTRATION OF A DIRECT GRANT AWARD OF A $617,210 FROM MEDC'S REVITALIZATION AND PLACEMAKING (RAP) AS OF YEAREND 2025. THE TWO FUND SOURCES TOGETHER CONSTITUTE APPROXIMATELY HALF OF THE TOTAL CAPITAL STACK, AND WERE ESSENTIAL TO MAKING THE PROJECT FINANCIALLY VIABLE. LEAP THRIVE IS PROUD TO BE SERVING IN THIS CAPACITY, AS A CREATIVE FINANCING PLATFORM FOR COMMUNITY-ORIENTED DEVELOPMENT PROJECTS IN THE LANSING TRI-COUNTY REGION OF INGHAM, EATON AND CLINTON COUNTIES. THE PROJECT COMMENCED CONSTRUCTION IN NOVEMBER OF 2025 AND IS EXPECTED TO BE COMPLETE IN OCTOBER OF 2026.

  Expenses $627,826 · Grants $627,826 · Revenue $627,826

As filed on the 2025 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

• MICHIGAN AVE REVITALIZATION LLC

  $627,826

  GENERAL SUPPORT

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.

• LANSING ECONOMIC AREA DEVELOPMENT INC

  501(C)(6) · ECONOMIC DEVELOPMENT · MI

• LEAP FOUNDATION INC

  501(C)(3) · ECONOMIC DEVELOPMENT · MI

  Directly controlled by LANSING ECONOMIC AREA DEVELOPMENT INC

Provenance

Return type

form_990

Tax year

2025

Filed

13 July 2026

IRS schema version

2025v4.2

Source object

202622269349302207

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