Leap Foundation
- Assets
- $50.8k
- Revenue
- $4.0k
- Investments
- $39.3k
- Employees
- 0
- Location
- New Hope, PA
- Founding
- 04/2009
- Data as of
- 12/2022
- EIN
- 26-3385920
Organization Overview
Leap Foundation is located in New Hope, PA. The organization was established in 2009. According to its NTEE Classification (E11) the organization is classified as: Single Organization Support, under the broad grouping of Health Care and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Leap Foundation 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 12/2022, Leap Foundation generated $4.0k 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 (41.5%) each year. All expenses for the organization totaled $7.1k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (33.4%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Leap Foundation has awarded 15 individual grants totaling $504,106. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
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Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $3,112 |
| Interest on Savings | $0 |
| Dividends & Interest | $868 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $3,980 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $1,527 |
| Total operating and administrative expenses | $1,527 |
| Contributions, gifts, grants paid | $5,530 |
| Total expenses and disbursements | $7,057 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $11,498 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $50,833 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, Leap Foundation has awarded $5,530 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
MERCY CORPS PURPOSE: GENERAL FUND | $1,030 |
FUTURE NATURE SOUTH AFRICA PURPOSE: GENERAL FUND | $3,500 |
LILLYDALE LITERACY PROJECT S AFRICA PURPOSE: GENERAL FUND | $1,000 |