Leap Innovations
- Assets
- $1.8m
- Revenue
- $3.8m
- Investments
- $0.0
- Employees
- 30
- Location
- Chicago, IL
- Founding
- 10/2014
- Data as of
- 06/2022
- EIN
- 46-4784152
Organization Overview
Leap Innovations is located in Chicago, IL. The organization was established in 2014. According to its NTEE Classification (P20) the organization is classified as: Human Service Organizations, under the broad grouping of Human Services and related organizations. As of 06/2022, Leap Innovations employed 30 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Leap Innovations 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 Innovations generated $3.8m 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 (6.0%) each year. All expenses for the organization totaled $3.7m during the year ending 06/2022. As we would expect to see with falling revenues, expenses have declined by (4.9%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Leap Innovations has awarded 63 individual grants totaling $3,648,000. 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO CREATE EQUITABLE PERSONALIZED LEARNING EXPERIENCES FOR LEARNERS TO REACH THEIR FULL POTENTIAL.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE NEXT GENERATION LEARNING MODEL WILL ALIGN THE NEEDS, INTERESTS AND AMBITIONS OF EACH STUDENT - WITH COMMUNITY-BASED, IN-PERSON AND DIGITAL RESOURCES AND PROGRAMS.
PROFESSIONAL LEARNING- LEAP HAS CREATED PROFESSIONAL LEARNING OFFERINGS AND A PERSONALIZED FRAMEWORK TO HELP BUILD CAPACITY AMONG EDUCATORS TO IMPLEMENT PERSONALIZED LEARNING, LOCALLY AND ACROSS THE COUNTRY.ACTIVATE AND THE LEARNING NETWORK PROVIDE A SPECTRUM OF PROFESSIONAL LEARNING FOR EDUCATORS INTERESTED IN GROWING THEIR PERSONALIZED LEARNING PRACTICES. ACTIVATE OFFERS AN INTRODUCTION TO PERSONALIZED LEARNING THROUGH A DEEP DIVE INTO LEARNER FOCUSED AND LEARNER LED; LEAP LEARNING NETWORK IS A COMMUNITY OF PRACTICE FOR LEAP EDUCATORS WHO WOULD LIKE TO CONTINUE THEIR PROFESSIONAL DEVELOPMENT IN PERSONALIZED LEARNING.PROGRAM ADVANCEMENT - THROUGH LEAP INNOVATIONS PROFESSIONAL SUPPORT SERVICES, PARTICIPATING EDUCATORS ADVANCE THEIR PROFESSIONAL PRACTICE AND IMPROVE DELIVERY OF THE PERSONALIZED LEARNING PEDAGOGY AS MEASURED BY THE LEAP LEARNING CONTINUUM OF PRACTICE AS WELL AS IMPROVE THEIR UNDERSTANDING OF PERSONALIZED LEARNING PRINCIPLES AND CLASSROOM PRACTICES
RESEARCH - THROUGH AGILE CYCLES OF DATA COLLECTION, ANALYSIS, AND REPORTING, RESEARCH STRIVES TO UNDERSTAND LEARNERS (TEACHERS AND STUDENTS), THEIR CONTEXT, INTERVENTION AND IMPLEMENTATION EXPERIENCES, AND OUTCOMES FOR THE PURPOSE OF ESTABLISHING BEST PRACTICES IN PERSONALIZED LEARNING.
THE LEAP PILOT NETWORK PILOTS AND EVALUATES THE BEST LEARNING TECHNOLOGIES AND HELPS SCALE WHAT WORKS. WE LOOK GLOBALLY TO IDENTIFY THE BEST SOLUTIONS FOR KEY LEARNING GAPS AND THEN PILOT THEM IN REAL-LIFE LEARNING SITUATIONS. WE SEE WHAT WORKS WITH RESEARCH BASED ON NATIONAL STANDARDS, AND THEN SCALE THE BEST SOLUTIONS.PROGRAM ADVANCEMENT - THROUGH LEAP INNOVATIONS PROFESSIONAL SUPPORTS SERVICES, PARTICIPATING EDUCATORS ADVANCE THEIR PROFESSIONAL PRACTICE AND IMPROVE DELIVERY OF THE PERSONALIZED LEARNING PEDAGOGY AS MEASURED BY THE LEAP LEARNING CONTINUUM OF PRACTICE AS WELL AS IMPROVE THEIR UNDERSTANDING OF PERSONALIZED LEARNING PRINCIPLES AND CLASSROOM PRACTICES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Phyllis Lockett President & CEO | OfficerTrustee | 40 | $333,775 |
Emily Bader Sr Dir Of Marketing Commun | Officer | 40 | $170,176 |
Jilliam Joe Sr Dir, Learning Insights | 40 | $153,352 | |
Timothy Hardy Managing Director, Shared Services Thru 6/21 | 40 | $110,746 | |
Elizabeth Dalton Ranno Associate Managing Director, Product | 40 | $110,304 | |
Quincy Jones Sr. Manager Learning Design | 40 | $102,454 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Sean Brazier Consulting- Next Generation Learning Mod | 6/29/22 | $147,000 |
John Mullin Finances/budget Preparation | 6/29/22 | $129,801 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $1,834,271 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,796,448 |
| Noncash contributions included in lines 1a–1f | $9,872 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,630,719 |
| Total Program Service Revenue | $51,784 |
| Investment income | $11,724 |
| 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 | $3,776,988 |
| 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. | $561,863 |
| Compensation of current officers, directors, key employees. | $220,297 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,151,956 |
| Pension plan accruals and contributions | $15,413 |
| Other employee benefits | $130,832 |
| Payroll taxes | $116,643 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $21,001 |
| Fees for services: Accounting | $145,814 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $859,816 |
| Advertising and promotion | $96,439 |
| Office expenses | $47,952 |
| Information technology | $127,893 |
| Royalties | $0 |
| Occupancy | $187,420 |
| Travel | $20,112 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $11,339 |
| Interest | $20,691 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $85,233 |
| Insurance | $35,403 |
| All other expenses | $0 |
| Total functional expenses | $3,670,508 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $936,043 |
| Pledges and grants receivable | $882,779 |
| 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 | $13,235 |
| Net Land, buildings, and equipment | $13,680 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,845,737 |
| Accounts payable and accrued expenses | $201,270 |
| 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 | $1,299 |
| Total liabilities | $202,569 |
| Net assets without donor restrictions | $760,389 |
| Net assets with donor restrictions | $882,779 |
| 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 | $1,845,737 |
Grants Awarded
Over the last fiscal year, Leap Innovations has awarded $580,000 in support to 8 organizations.
| Grant Recipient | Amount |
|---|---|
PATRICK HENRY ELEMENTARY (CHICAGO PUBLIC SCHOOLS) PURPOSE: FUND IMPLEMENTATION OF A COMPREHENSIVE PROPOSAL FOR A WHOLE-SCHOOL, NEXT-GENERATION MODEL | $95,000 |
JOSEPH LOVETT ELEMENTARY(CHICAGO PUBLIC SCHOOLS) PURPOSE: FUND IMPLEMENTATION OF A COMPREHENSIVE PROPOSAL FOR A WHOLE-SCHOOL, NEXT-GENERATION MODEL | $95,000 |
PATRICK HENRY ELEMENTARY (CHICAGO PUBLIC SCHOOLS) PURPOSE: FUND IMPLEMENTATION OF A COMPREHENSIVE PROPOSAL FOR A WHOLE-SCHOOL, NEXT-GENERATION MODEL | $95,000 |
Chicago, IL PURPOSE: FUND IMPLEMENTATION OF A COMPREHENSIVE PROPOSAL FOR A WHOLE-SCHOOL, NEXT-GENERATION MODEL | $95,000 |
Chicago, IL PURPOSE: FUND IMPLEMENTATION OF A COMPREHENSIVE PROPOSAL FOR A WHOLE-SCHOOL, NEXT-GENERATION MODEL | $95,000 |
JOSEPH LOVETT ELEMENTARY(CHICAGO PUBLIC SCHOOLS) PURPOSE: FUND IMPLEMENTATION OF A COMPREHENSIVE PROPOSAL FOR A WHOLE-SCHOOL, NEXT-GENERATION MODEL | $95,000 |
Grants Recieved
Over the last fiscal year, we have identified 11 grants that Leap Innovations has recieved totaling $1,802,019.
| Awarding Organization | Amount |
|---|---|
Michael & Susan Dell Foundation Austin, TX PURPOSE: PERSONALIZED LEARNING IN CHICAGO: EXPANDING A NATIONAL PROOF POINT | $500,000 |
Arie And Ida Crown Memorial Chicago, IL PURPOSE: PROGRAM SUPPORT | $319,919 |
A Better Chicago Chicago, IL PURPOSE: Community Development | $250,000 |
Leon Lowenstein Foundation Inc New Haven, CT PURPOSE: CHARITABLE | $250,000 |
Best Portion Foundation Chicago, IL PURPOSE: PUBLIC | $226,100 |
Finnegan Family Foundation Chicago, IL PURPOSE: UNRESTRICTED | $100,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Human Resources Development Institute Inc Chicago, IL | $14,371,854 | $24,270,043 |
Assyrian National Council Of Illinois Chicago, IL | $17,237,581 | $21,046,154 |
Mid Sioux Opportunity Inc Remsen, IA | $5,070,371 | $19,629,808 |
Casa Central Social Services Corporation Chicago, IL | $9,927,456 | $19,199,758 |
Central Missouri Community Action Columbia, MO | $7,094,173 | $19,692,460 |
Wheeler Mission Ministries Inc Indianapolis, IN | $56,135,021 | $28,744,599 |
Daniel Boone Community Action Agency Inc Manchester, KY | $8,884,267 | $15,954,203 |
Interlocal Community Action Program Inc New Castle, IN | $2,890,464 | $16,696,928 |
Loaves & Fishes Community Services Naperville, IL | $11,205,502 | $18,895,989 |
Wabash Center Inc Lafayette, IN | $13,437,721 | $16,787,564 |
Northeast Kentucky Community Action Agency Inc Olive Hill, KY | $1,572,064 | $16,034,107 |
Chaddock Quincy, IL | $570,922 | $15,390,482 |