Leap Foundation Inc
- Assets
- $140.8k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Lansing, MI
- Founding
- 01/2008
- Data as of
- 12/2021
- EIN
- 26-0206557
Organization Overview
Leap Foundation Inc is located in Lansing, MI. The organization was established in 2008. According to its NTEE Classification (S11) the organization is classified as: Single Organization Support, under the broad grouping of Community Improvement & Capacity Building and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Leap Foundation Inc 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, Leap Foundation Inc generated $155.4k 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 (6.4%) each year. All expenses for the organization totaled $155.4k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO SPUR ECONOMIC DEVELOPMENT AND RETAIN INTELLECTUAL CAPITAL IN THE TRI-COUNTY AREA. SUCH ACTIVITIES ARE LIMITED TO EXEMPT PURPOSES SET FORTH IN INTERNAL REVENUE CODE SECTION 501(C)(3). THE PRIMARY PURPOSE IS TO RECEIVE AND ADMINISTER FUNDS FOR CHARITABLE PURPOSES.
Describe the Organization's Program Activity:
Part 3
TO ENHANCE ECONOMIC DEVELOPMENT THROUGH THE RECEIPT AND ADMINISTRATION OF CHARITABLE FUNDS.
MICHIGAN AVENUE UNDER THE BRIDGE PROJECT RAISED $57,797 IN CONTRIBUTIONS AND RECEIVED $50,000 MATCHING GRANT FOR A PUBLIC ART PROJECT TO COMMENCE IN 2016.
THROUGH LEAP'S PUBLIC ART FOR COMMUNITIES PROGRAM, TWO COMMUNITIES WERE GRANTED $5,000 EACH TO ENGAGE AN ARTIST TO PLACE A PIECE OF PUBLIC ART WITHIN THEIR CORE AREA.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Daryl Adams Vice Chair | 1 | $0 | |
Don Mcnabb At Large Board Member | 1 | $0 | |
Jeffrey Benson Treasurer | 1 | $0 | |
Deanna Swisher At Large Board Member | 1 | $0 | |
April Clobes Past Chair | 1 | $0 | |
Mark Mcdaniel At Large Board Member | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $145,000 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $10,374 |
| Total Revenue | $155,374 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $0 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $10,374 |
| Total expenses | $155,374 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $130,822 |
| Other assets | $0 |
| Total assets | $140,822 |
| Total liabilities | $130,000 |
| Net assets or fund balances | $10,822 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Leap Foundation Inc has recieved totaling $45,000.
| Awarding Organization | Amount |
|---|---|
Capital Region Community Foundation Lansing, MI PURPOSE: GENERAL GRANTMAKING COMMITTEES | $35,000 |
Consumers Energy Foundation Jackson, MI PURPOSE: 2021 SUPPORT | $10,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Cicp Foundation Inc Indianapolis, IN | $75,472,959 | $39,753,339 |
Milwaukee Development Corporation Milwaukee, WI | $4,444,230 | $23,219,043 |
Manufacturing Advocacy & Growth Network Inc Cleveland, OH | $11,290,279 | $13,226,451 |
Genesee Area Focus Fund Inc Flint, MI | $3,053,813 | $7,388,265 |
Encourage Bc Battle Creek, MI | $929,727 | $1,806,363 |
Greater Green Bay Chamber Of Commerce Foundation Inc Green Bay, WI | $2,890,843 | $1,952,883 |
Cincinnati Business Committee Cincinnati, OH | $2,454,337 | $2,320,929 |
Council Of Development Finance Agenices Columbus, OH | $1,148,923 | $1,718,525 |
Fiscal Sponsorship Allies Inc Indianapolis, IN | $762,742 | $2,068,293 |
Right Place Foundation Grand Rapids, MI | $1,899,566 | $1,296,715 |
Association Of Equipment Management Professionals Inc Middleton, WI | $87,248 | $1,345,748 |
Ohio Pork Council New Albany, OH | $2,529,785 | $1,652,102 |