Leap Year
- Assets
- $381.5k
- Revenue
- $569.9k
- Investments
- $0.0
- Employees
- 49
- Location
- Atlanta, GA
- Founding
- 09/2016
- Data as of
- 06/2024
- EIN
- 81-1224809
Organization Overview
Leap Year is located in Atlanta, GA. The organization was established in 2016. According to its NTEE Classification (B92) the organization is classified as: Remedial Reading & Encouragement, under the broad grouping of Education and related organizations. As of 06/2024, Leap Year employed 49 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Leap Year 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 06/2024, Leap Year generated $569.9k in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 34.1% each year . All expenses for the organization totaled $628.1k during the year ending 06/2024. While expenses have increased by 39.6% per year over the past 6 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
2024
Describe the Organization's Mission:
Part 3 - Line 1
THE MISSION OF LEAP YEAR INC IS TO PREPARE YOUNG, TALENTED STUDENTS TO REACH THEIR ACADEMIC AND LEADERSHIP POTENTIAL BY ATTENDING COLLEGE AND BREAKING THE CYCLE OF POVERTY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
LEAP YEAR IS A NONPROFIT ORGANIZATION THAT IS IMPROVING COLLEGE SUCCESS AND LITERACY RESULTS IN METRO-ATLANTA BY RECRUITING FIRST GENERATION HIGH SCHOOL GRADUATES TO SERVE AS SECOND GRADE READING COACHES THROUGH OUR YEAR LONG COMMUNITY SERVICE AND COLLEGE READINESS PROGRAM. DURING THE 2023-2024 SCHOOL YEAR,LEAP YEAR FELLOWS SUPPORTED OVER 300 STUDENTS AT THREE SCHOOLS: SLATER ELEMENTARY, BARACK AND MICHELLE OBAMA ACADEMY, AND FINCH ELEMENTARY SCHOOL. THE TEACHERS AT OUR PARTNER SHCOOLS REPORTED THAT HAVING FELLOWS IN THE CLASSROOM HELPED IMPROVE READING OUTCOMES FOR THEIR STUDENTS. OUR EVIDENCE-BASED ACADEMIC CURRICULUM, AND THE HARD WORK OF OUR TALENTED PROGRAM MANAGERS, RESULTED IN OUR STUDENTS IMPROVING THEIR READING SKILLS, AND OUR FELLOWS STARTING GEORGIA STATE UNIVERSITY PREPARED TO SUCCEED.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Amber Scott Executive Di | Officer | 40 | $85,000 |
George Crews Board Member | Trustee | $0 | |
Brian Day Board Member | Trustee | $0 | |
Ayana Greer-Buck Board Member | Trustee | $0 | |
Stephen Henriques Board Member | Trustee | $0 | |
Jackie Jenkins-Scott Board Member | Trustee | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $94,869 |
| All other contributions, gifts, grants, and similar amounts not included above | $445,767 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $540,636 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $3,076 |
| Net Income from Fundraising Events | $26,202 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $569,914 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $120,233 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $85,000 |
| Compensation of current officers, directors, key employees. | $85,000 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $285,891 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $27,203 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $10,514 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $29,630 |
| Advertising and promotion | $0 |
| Office expenses | $4,344 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $12,536 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $90 |
| Conferences, conventions, and meetings | $0 |
| Interest | $771 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $19,481 |
| Insurance | $24,968 |
| All other expenses | $7,476 |
| Total functional expenses | $628,137 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $302,904 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $22,984 |
| Accounts receivable, net | $3,086 |
| 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 | $52,563 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $381,537 |
| Accounts payable and accrued expenses | $4,166 |
| 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 | $23,468 |
| Total liabilities | $27,634 |
| Net assets without donor restrictions | $353,903 |
| Net assets with donor restrictions | $0 |
| 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 | $381,537 |