Ileap
- Assets
- $390.7k
- Revenue
- $445.4k
- Investments
- $0.0
- Employees
- 4
- Location
- Seattle, WA
- Founding
- 03/2005
- Data as of
- 12/2021
- EIN
- 20-1347313
Organization Overview
Ileap is located in Seattle, WA. The organization was established in 2005. According to its NTEE Classification (B60) the organization is classified as: Adult Education, under the broad grouping of Education and related organizations. As of 12/2021, Ileap employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Ileap is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2021, Ileap generated $445.4k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (4.6%) each year. All expenses for the organization totaled $426.3k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (5.0%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO NURTURE A NEW GENERATION OF GLOBALLY MINDED LEADERS WITH THE INNER AND OUTER RESOURCES TO PURSUE LIVES OF PURPOSE AND TO ADVANCE SOCIAL GOOD IN THE WORLD.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE GLOBAL LEADERSHIP ACADEMY (GLA) ENCOMPASSES ALL OF ILEAP'S FULLY ONLINE/DISTANCE PROGRAMS. THE GLA WAS CREATED DUE TO THE COVID-19 PANDEMIC AND THE PROGRAMS ARE FOR HIGH SCHOOL STUDENTS, COLLEGE-AGED STUDENTS AND YOUNG PROFESSIONALS. THESE PARTICIPANTS CAN JOIN GLA PROGRAMS FROM ANYWHERE IN THE WORLD. GLA PROGRAMS ARE FULLY ONLINE, BUT MAINTAIN THE SAME EXPERIENTIAL LEARNING PRINCIPLES AS OUR IN-PERSON PROGRAMS.
PERENNIAL IS THE EVOLUTION OF ILEAP GLOBAL WHICH CONSISTED OF THE FORMALLY KNOW, ILEAP INTERNATIONAL FELLOWSHIP. THIS WAS LEADERSHIP DEVELOPMENT PROGRAMMING FOR COMMUNITY-BASED LEADERS WORKING IN AFRICA, ASIA-PACIFIC, LATIN AMERICA, AND THE MIDDLE EAST. IN 2021, PERENNIAL SERVED OVER 125 LEADERS THROUGH VARIOUS PROGRAMS (ALL ONLINE).
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Britt Yamamoto Executive Director | Officer | 20 | $13,500 |
Harold Taniguchi Chair | Trustee | 0 | $0 |
Jb Hoover Vice-Chair And Secretary | Trustee | 0 | $0 |
Francis Janes Treasurer | Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $445,389 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $445,389 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $445,389 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $13,500 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $149,750 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $22,102 |
| Payroll taxes | $63,074 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $1,384 |
| Office expenses | $49,134 |
| Information technology | $8,856 |
| Royalties | $0 |
| Occupancy | $40,540 |
| Travel | $5,709 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $13,264 |
| Payments to affiliates | $55,818 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $3,129 |
| All other expenses | $0 |
| Total functional expenses | $426,260 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | -$22,120 |
| Savings and temporary cash investments | $450 |
| Pledges and grants receivable | $346,947 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $65,448 |
| Total assets | $390,725 |
| Accounts payable and accrued expenses | $143,586 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $149,900 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $52,403 |
| Total liabilities | $345,889 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $44,836 |
| Total liabilities and net assets/fund balances | $390,725 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Ileap has recieved totaling $18,123.
| Awarding Organization | Amount |
|---|---|
American Online Giving Foundation Inc Newark, DE PURPOSE: GENERAL SUPPORT | $18,123 |
Peer Organizations
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|---|---|---|
Oregon And Southern Idaho Laborers- Employers Training Tr Portland, OR | $12,918,228 | $3,291,567 |
Casa Latina Seattle, WA | $6,519,798 | $3,396,235 |
Adult Learning Programs Of Alaska Inc Of Alaska Inc Fairbanks, AK | $287,244 | $2,168,739 |
Careerworks Inc Seattle, WA | $374,714 | $2,124,184 |
Partner In Employment Seatac, WA | $919,989 | $1,599,497 |
Faces Of America Salem, OR | $595,257 | $1,612,550 |
Carol Emmott Foundation Portland, OR | $2,241,132 | $1,767,775 |
Common Threads Farm Bellingham, WA | $966,574 | $1,251,132 |
Seattle Industry Foundation Seattle, WA | $120,630 | $1,031,802 |
Learning Lab Inc Garden City, ID | $2,467,190 | $977,356 |
The Commons Law Center Portland, OR | $251,737 | $784,072 |
Western Association Of College And University Business Officers Seattle, WA | $1,800,018 | $849,761 |