Leap For Education Inc

Organization Overview

Leap For Education Inc is located in Salem, MA. The organization was established in 2015. According to its NTEE Classification (B90) the organization is classified as: Educational Services, under the broad grouping of Education and related organizations. As of 06/2022, Leap For Education Inc employed 143 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Leap For Education 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 06/2022, Leap For Education Inc generated $1.9m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 10.9% each year . All expenses for the organization totaled $1.8m during the year ending 06/2022. While expenses have increased by 15.4% 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.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2022

Describe the Organization's Mission:

Part 3 - Line 1

TO PROVIDE ACADEMIC, POST SECONDARY AND CAREER SERVICES TO UNDERSERVED STUDENTS IN GRADES 6-16.

Describe the Organization's Program Activity:

Part 3 - Line 4a

PROVIDING ACADEMIC SERVICES TO LOW INCOME AND FIRST GENERATION STUDENTS IN GRADES 6 - 16.


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Board, Officers & Key Employees

Name (title)Compensation
Linda Saris
Executive Director
$90,235
James Rowan III
Treasurer
$0
Jody Goldman
President
$0
Connie Rudnick Grayson
Board Vice Chair
$0
Ellen Galligan
Clerk
$0
Victor E Cruz
Director
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$135,403
Related organizations$0
Government grants $638,859
All other contributions, gifts, grants, and similar amounts not included above$1,055,993
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$1,830,255
Total Program Service Revenue$0
Investment income $1,957
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $0
Net Income from Fundraising Events $114,491
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $1,946,703

Grants Recieved

Over the last fiscal year, we have identified 3 grants that Leap For Education Inc has recieved totaling $72,500.

Awarding OrganizationAmount
$60,000
Sarah G Mccarthy Memorial Foundation

Dallas, TX

PURPOSE: PEABODY COLLEGE SUCCESS

$7,500
$5,000
View Grant Recipient Profile

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