Ileap
- Assets
- $152.0k
- Revenue
- $349.6k
- Investments
- $0.0
- Employees
- 0
- Location
- Seattle, WA
- Founding
- 03/2005
- Data as of
- 12/2023
- 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. 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 12/2023, Ileap generated $349.6k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (13.1%) each year. All expenses for the organization totaled $369.5k during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (9.7%) per year over the past 8 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
2023
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 ILEAP GLOBAL LEADERSHIP ACADEMY (GLA) ENCOMPASSES ALL OF ILEAP'S FULLLY 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. TOPICS COVERED INCLUDE LEADERSHIP, MANAGEMENT, CLIMATE CHANGE, FOOD SYSTEMS, GENDER, AND DIVERSITY, EQUITY AND INCLUSION.
PERENNIAL LEADERSHIP IS A FISCALLY SPONSORED PROGRAM OF ILEAP THAT HAS ITS ORIGINS IN ILEAP AS THE ILEAP INTERNATIONAL FELLOWSHIP. PERENNIAL PARTICIPANTS ARE FROM AFRICA, ASIA, LATIN AMERICA AND THE MIDDLE EAST AND THEY PARTICIPATE IN DIFFERENT ONLINE PROGRAMS THAT RANGE IN LENGTH FROM 1 TO 4 WEEKS IN LENGTH. PROGRAMS IN 2022 EMPHASIZED LEADERSHIP AND WELLBEING PRACTICES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Harold Taniguchi Chair | Trustee | 1 | $0 |
Jb Hoover Vice-Chair And Secretary | Trustee | 1 | $0 |
Francis Janes Treasurer | Trustee | 1 | $0 |
Britt Yamamoto Executive Director | Officer | 10 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $102,370 |
| All other contributions, gifts, grants, and similar amounts not included above | $247,182 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $349,552 |
| 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 | $349,552 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $326,317 |
| 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 | $0 |
| Office expenses | $99 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $400 |
| Travel | $20,000 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $11,392 |
| Payments to affiliates | $10,188 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $1,147 |
| All other expenses | $0 |
| Total functional expenses | $369,543 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,857 |
| Savings and temporary cash investments | $100 |
| Pledges and grants receivable | $150,000 |
| 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 | $0 |
| Total assets | $151,957 |
| Accounts payable and accrued expenses | $0 |
| 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 | $20,461 |
| Unsecured mortgages and notes payable | $499,900 |
| Other liabilities | $0 |
| Total liabilities | $520,361 |
| 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 | -$368,404 |
| Total liabilities and net assets/fund balances | $151,957 |