Launching Educational Assistance Programs Forward Inc
- Assets
- $174.4k
- Revenue
- $113.4k
- Investments
- $0.0
- Employees
- 0
- Location
- Prince Frederick, MD
- Founding
- 07/2001
- Data as of
- 12/2021
- EIN
- 52-2169397
Organization Overview
Launching Educational Assistance Programs Forward Inc, operating under the name Leap Forward Inc, is located in Prince Frederick, MD. The organization was established in 2001. According to its NTEE Classification (B82) the organization is classified as: Scholarships & Student Financial Aid, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Leap Forward 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 Forward Inc generated $113.4k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 13.7% each year . All expenses for the organization totaled $95.0k during the year ending 12/2021. While expenses have increased by 14.0% 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO SERVE YOUTH FROM DISADVANTAGED ETHNIC BACKGROUNDS BY PROVIDING THEM WITH SOCIAL AND CULTURAL ENRICHMENT THAT INCLUDE SEMINARS THAT FOSTER SELF-ESTEEM AND ACADEMIC EXCELLENCE, COLLEGE TOURS AND EDUCATIONAL SUPPORT AND EXPOSURE TO SCIENCE, TECHNOLOGY, ENGINNERING, AND MATH CAREERS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDED 39 SCHOLARSHIP AWARDS TO DISADVANTAGED AND UNDERREPRESENTED ETHNIC YOUTH TO PURSUE HIGHER EDUCATION. THIS INCLUDED PROVIDING EMERGENCY FINANCIAL SUPPORT TO SEVERAL STUDENTS WITH IMMEDIATE NEEDS. 18 STUDENTS ARE PURSUING DEGREES IN THE FIELDS OF SCIENCE, TECHNOLOGY, ENGINEERING AND MATHEMATICS (STEM) (WE INCLUDE NURSING). DOCUMENTED SCHOLARS IN COMMEMORATION 20TH ANNIVERSARY PROGRAM BOOK. .
CONTINUED FACILITATION OF THE PRE-COLLEGE INITIATIVE MEMBERSHIP PROGRAM IN COLLABORATION WITH THE NATIONAL SOCIETY OF BLACK ENGINEERS (NSBE) FOR 80 DISADVANTAGED AND UNDERREPRESENTED ETHNIC YOUTH PURSUING CAREERS IN THE FIELDS OF SCIENCE, TECHNOLY, EGINEERING, AND MATHEMATICS (STEM), THE YOUTH WERE PROVIDED: (1) VIRTUAL STEM MONTHLY SESSIONS; (2) VIRTUAL PARTICIPATION IN THE NSBE NATIONAL CONFERENCE WHERE THEY ATTENDED WORKSHOPS DESIGNED FOR HANDS ON ACTIVITIES; (3) VIRTUAL MATH TUTORING; (4) EXPOSURE TO GUEST SPEAKERS REPRESENTING DIVERSE STEM FIELDS. (5) PARTICIPATED IN VIRTUAL STEM COMPETITION TEAMS INCLUDING FIRST LEGO ROBOTICS, CODING, AND MATH COMPETITIONS.
(1)CONTINUED OFFERING EDUCATIONAL SERVICES FOR DISADVANTAGED AND UNDERREPRESENTED ETHNIC YOUTH TO: (A) PROMOTED THE AWARENESS OF CAREER OPPORTUNITIES IN THE FIELD OF SCIENCE, TECHNOLOGY, ENGINEERING, AND MATHEMATICS; (B) PROVIDED ACCESS TO COLLEGE PLANNING ASSISTANCE; AND (C) PROVIDE MENTORING AND TUTORING SERVICE; (2) FUNDED BY A GRANT RECEIVED FROM THE MARYLAND HERITAGE AREA AUTHORITY, WE CONTINUED TO ADD TO OUR BLACK HISTORY CULTURAL EXHIBIT; (3) PROVIDED PERSONAL PROTECTIVE EQUIPMENT TO OVER 300 STUDENTS; (4) PUT VIRTUAL INFRASTRUCTURE IN PLACE TO ALLOW PROGRAMS TO CONTINUE INCLUDING NUMEROUS IT TOOLS; (5) TRANSITIONED STEM PROGRAM TO OUTDOOR ENVIRONMENT (FIELD OF STEM DREAMS) TO ALLOW FOR SAFE GATHERINGS. (2)OUR DESTINED4SUCCESS GIRLS MENTORING PROGRAM CONTINUED VIRTUALLY WITH DIVERSE WORKSHOPS AND SUPPORT FOR OUR GRADUATING SENIORS DURING THESE CHALLENGING TIMES IN 2021.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Rhonda Thomas President | Officer | 28 | $0 |
Conrad White Secretary | Officer | 5 | $0 |
Trayonna Hutchins Vice President | Officer | 5 | $0 |
Wilson Ennis Treasurer | Officer | 5 | $0 |
Timothy Morsell Trustee | Trustee | 2 | $0 |
Maurice Irvine Trustee | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $5,381 |
| Membership dues | $848 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $18,785 |
| All other contributions, gifts, grants, and similar amounts not included above | $84,613 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $109,627 |
| Total Program Service Revenue | $3,234 |
| Investment income | $16 |
| 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 | $113,389 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $70,730 |
| 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 | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $4,930 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $577 |
| Advertising and promotion | $699 |
| Office expenses | $1,115 |
| Information technology | $4,111 |
| 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 | $4,855 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $862 |
| All other expenses | $251 |
| Total functional expenses | $94,965 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $174,413 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $174,413 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $154,413 |
| Net assets with donor restrictions | $20,000 |
| 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 | $174,413 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Launching Educational Assistance Programs Forward Inc has recieved totaling $5,428.
| Awarding Organization | Amount |
|---|---|
Give Back Foundation Madison, WI PURPOSE: PROGRAM SUPPORT | $5,381 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $47 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
East Side Charter School Of Wilmington Inc Wilmington, DE | $9,042,787 | $7,810,738 |
National Association Of Student Financial Aid Administrators Washington, DC | $22,189,727 | $10,008,615 |
Cobell Board Of Trustees Washington, DC | $177,171,131 | $17,842,265 |
National Consortium For Graduate Dgrs Minorities In Engineering Alexandria, VA | $15,486,907 | $10,356,249 |
Lola G Duff & William Duff Ii Scholarship Fund Pittsburgh, PA | $108,136,539 | $9,727,539 |
Independence Foundation Philadelphia, PA | $78,719,217 | $2,815,934 |
Maryland Philanthropy Network Inc Baltimore, MD | $5,808,264 | $5,920,100 |
Student Freedom Initiative Inc Washington, DC | $132,770,538 | $15,285,825 |
Meor Inc Silver Spring, MD | $283,304 | $5,067,456 |
Henrico Education Foundation Incorporated Henrico, VA | $1,910,582 | $5,313,927 |
Access College Foundation Norfolk, VA | $62,526,055 | $4,039,611 |
Addison Gibson Foundation Pittsburgh, PA | $46,529,076 | $11,633,912 |