Local Environmental Agriculture Project Incorporated
- Assets
- $2.9m
- Revenue
- $2.0m
- Investments
- $0.0
- Employees
- 17
- Location
- Roanoke, VA
- Founding
- 01/2013
- Data as of
- 12/2022
- EIN
- 27-1050909
Organization Overview
Local Environmental Agriculture Project Incorporated, operating under the name Leap, is located in Roanoke, VA. The organization was established in 2013. According to its NTEE Classification (K30) the organization is classified as: Food Programs, under the broad grouping of Food, Agriculture & Nutrition and related organizations. As of 12/2022, Leap employed 17 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 12/2022, Leap generated $2.0m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 31.0% each year . All expenses for the organization totaled $2.3m during the year ending 12/2022. While expenses have increased by 39.9% 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
LOCAL ENVIRONMENTAL AGRICULTURAL PROJECT'S (LEAP) MISSION IS TO CREATE AN EQUITABLE FOOD AND FARMING SYSTEM WHICH PRIORITIZES HEALTH AND ABUNDANCE. WE DO THIS BY SUPPORTING COMMUNITY INITIATIVES, MARKETS, FARMS, AND FARMERS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
LEAP SERVES AS THE FISCAL AGENT FOR AND PROVIDES BACKBONE SUPPORT TO THE STATEWIDE VIRGINIA FRESH MATCH NUTRITION INCENTIVE NETWORK (VFM). VFM WORKS WITH COMMUNITY-BASED FOOD RETAILERS, FARMERS MARKETS, FARMERS, AND FARM STANDS TO OFFER NUTRITION INCENTIVES FOR PEOPLE WHO SHOP WITH SNAP-EBT AT THESE 85+ PARTICIPATING OUTLETS. NUTRITION INCENTIVES MAKE FRUITS AND VEGETABLES MORE AFFORDABLE THROUGH A DISCOUNT MODEL (50% OFF) OR A MATCH MODEL ($1 IN SNAP-EBT IS MATCHED WITH $1 IN VFM INCENTIVES).
OTHER PROGRAM INTITIATIVES INCLUDE: FIXED SITE FARMERS MARKETS, MOBILE MARKET PROGRAM, COMMUNITY GARDENS, AND REGIONAL FOOD PLANNING
LEAP PURCHASES FOOD FROM LOCAL AND REGIONAL FARMERS AND FOOD PRODUCERS AND FOOD HUBS. PRODUCERS DELIVER TO THE FOOD HUB, LEAP RECEIVES, AGGREGATES, STORES AND THEN DISTRIBUTES THE FOOD THROUGH OUR OUTLETS INCLUDING THE LEAP MOBILE MARKET, ONLINE MARKETPLACE, AND FARM SHARE. LEAP PROVIDES HEALTHY FOOD INCENTIVES TO PARTICIPATING CUSTOMERS FOR 50% OFF THE FARM SHARE OR ONLINE MARKET SALES.
LEAP KITCHEN: THE LEAP KITCHEN IS A SHARED COMMERCIAL KITCHEN AND FOOD BUSINESS INCUBATOR. FOOD BUSINESSES ARE REQUIRED TO OPERATE OUT OF A COMMERCIAL KITCHEN. KITCHEN MEMBERS USE THE LEAP KITCHEN TO OPERATE THEIR INDIVIDUAL FOOD BUSINESSES. LEAP PROVIDES THE SPACE AND EQUIPMENT, LINKS TO OTHER SUPPORT SERVICES, AND ACCESS TO LEAP OUTLETS. KITCHEN MEMBERS PAY AN HOURLY FEE FOR USE OF THE SPACE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Susan Clark President | OfficerTrustee | 3 | $0 |
Brent Cochran Vice President | OfficerTrustee | 3 | $0 |
Christy Pugh Treasurer | OfficerTrustee | 3 | $0 |
Laura Reilly Secretary | OfficerTrustee | 3 | $0 |
Jeremy Butterfield Board Member | Trustee | 2 | $0 |
Sam Cannon Board Member | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $1,358,257 |
| All other contributions, gifts, grants, and similar amounts not included above | $253,099 |
| Noncash contributions included in lines 1a–1f | $32,148 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,611,356 |
| Total Program Service Revenue | $406,885 |
| Investment income | $22,743 |
| 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 | $2,044,271 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $162,627 |
| 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 | $410,175 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $39,219 |
| 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 | $57,682 |
| Advertising and promotion | $12,822 |
| Office expenses | $22,136 |
| 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 | $5,225 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $26,069 |
| Insurance | $17,222 |
| All other expenses | $63,809 |
| Total functional expenses | $2,323,348 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,280,177 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $152,073 |
| 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 | $3,061 |
| Net Land, buildings, and equipment | $1,424,125 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,859,436 |
| Accounts payable and accrued expenses | $49,967 |
| Grants payable | $0 |
| Deferred revenue | $13,056 |
| 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 | $63,023 |
| Net assets without donor restrictions | $1,724,768 |
| Net assets with donor restrictions | $1,071,645 |
| 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 | $2,859,436 |
Grants Awarded
Over the last fiscal year, Local Environmental Agriculture Project Incorporated has awarded $162,627 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
ONE VALLEY INC PURPOSE: Urban agriculture infrastructure | $10,427 |
AGRARIAN LAND TRUST PURPOSE: Urban agriculture infrastructure | $152,200 |