Leap
- Assets
- $5.3m
- Revenue
- $8.4m
- Investments
- $0.0
- Employees
- 185
- Location
- Farmington, ME
- Founding
- 06/1982
- Data as of
- 06/2022
- EIN
- 22-2301862
Organization Overview
Leap is located in Farmington, ME. The organization was established in 1982. According to its NTEE Classification (P82) the organization is classified as: Developmentally Disabled Centers, under the broad grouping of Human Services and related organizations. As of 06/2022, Leap employed 185 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Leap 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 06/2022, Leap generated $8.4m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 4.9% each year. All expenses for the organization totaled $8.5m during the year ending 06/2022. While expenses have increased by 5.4% per year over the past 7 years. They've been increasing with an increasing level of total revenue. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE ORGANIZATION'S MISSION IS TO SUPPORT PEOPLE WITH DEVELOPMENTAL AND INTELLECTUAL DISABILITIES TO BE ACTIVELY INVOLVED IN THEIR HOME COMMUNITIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
LEAP, INC. PROVIDES INDIVIDUALIZED AND COMPREHENSIVE SUPPORT TO PEOPLE WITH DEVELOPMENTAL AND INTELLECTUAL DISABILITIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Darryl Wood Executive Director | Officer | 40 | $125,635 |
Tyler Barnes Dc President | OfficerTrustee | 2 | $0 |
Denise Boothby Vice President | OfficerTrustee | 2 | $0 |
Scott Landry Treasurer | OfficerTrustee | 2 | $0 |
David Dixon Secretary | OfficerTrustee | 2 | $0 |
Kelsea Pinkham Director | Trustee | 2 | $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 | $980,143 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $980,143 |
| Total Program Service Revenue | $7,557,633 |
| Investment income | $5,583 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$128,666 |
| Net Income from Fundraising Events | $1,162 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $8,415,855 |
| 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. | $130,839 |
| Compensation of current officers, directors, key employees. | $130,839 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $5,353,820 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $642,947 |
| Payroll taxes | $405,480 |
| 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 | $0 |
| Office expenses | $68,726 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $162,598 |
| Insurance | $41,716 |
| All other expenses | $414,448 |
| Total functional expenses | $8,527,789 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $769,503 |
| Savings and temporary cash investments | $3,819 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,259,254 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $8,316 |
| Prepaid expenses and deferred charges | $22,293 |
| Net Land, buildings, and equipment | $2,518,190 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $750,009 |
| Total assets | $5,331,384 |
| Accounts payable and accrued expenses | $620,866 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $620,866 |
| Net assets without donor restrictions | $4,710,518 |
| 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 | $0 |
| Total liabilities and net assets/fund balances | $5,331,384 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Port Resources South Portland, ME | $6,988,645 | $14,195,807 |
Support Solutions Inc Auburn, ME | $4,627,175 | $13,680,962 |
Independence Association Inc Brunswick, ME | $10,733,333 | $10,715,783 |
Community Living Association Houlton, ME | $6,904,943 | $9,371,588 |
Leap Farmington, ME | $5,331,384 | $8,415,855 |
Skills Inc St Albans, ME | $6,219,132 | $10,255,548 |
Central Aroostook Association Presque Isle, ME | $6,844,683 | $8,687,075 |
Peregrine Corp South Portland, ME | $9,247,033 | $7,302,210 |
The Progress Center Inc Oxford, ME | $4,842,865 | $8,658,268 |
Uplift Inc Gardiner, ME | $9,086,743 | $7,169,560 |
Charlotte White Center Bangor, ME | $0 | $6,654,761 |
Katahdin Friends Inc Millinocket, ME | $4,703,245 | $7,063,637 |