Leap Social Enterprise Inc
- Assets
- $7.4m
- Revenue
- $5.7m
- Investments
- $0.0
- Employees
- 80
- Location
- Voorhees, NJ
- Founding
- 10/2018
- Data as of
- 12/2023
- EIN
- 81-5317483
Organization Overview
Leap Social Enterprise Inc is located in Voorhees, NJ. The organization was established in 2018. According to its NTEE Classification (B02) the organization is classified as: Management & Technical Assistance, under the broad grouping of Education and related organizations. As of 12/2023, Leap Social Enterprise Inc employed 80 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Leap Social Enterprise 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 12/2023, Leap Social Enterprise Inc generated $5.7m in total revenue. All expenses for the organization totaled $6.2m during the year ending 12/2023. While expenses have increased by 160.0% per year over the past 4 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
EDUCATION, ESTABLISH AND OPERATE CHARTER SCHOOL IN PUERTO RICO
Describe the Organization's Program Activity:
Part 3 - Line 4a
EDUCATION, OBTAINING AND ADMINISTERING DEPARTMENT OF EDUCATION AND OTHER GRANTS TO ESTABLISH AND OPERATE CHARTER K-12 SCHOOL IN PUERTO RICO
EDUCATION, OBTAINING AND ADMINISTERING DEPARTMENT OF EDUCATION AND OTHER GRANTS TO ESTABLISH AND OPERATE CHARTER K-12 SCHOOL IN PUERTO RICO
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Gloria Bonilla CEO | OfficerTrustee | 40 | $150,000 |
Luis Gauthier Public Membe | Trustee | $0 | |
Sonia Gonzalez Public Membe | Trustee | $0 | |
Raphael Miranda Public Membe | Trustee | $0 | |
Jozian Molina Public Membe | OfficerTrustee | $0 | |
Hector Nieves Public Membe | Trustee | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $5,730,150 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $5,730,150 |
| 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 | $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 | $5,730,150 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,948,282 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $93,956 |
| Payroll taxes | $253,513 |
| Fees for services: Management | $334,716 |
| 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 | $0 |
| Advertising and promotion | $0 |
| Office expenses | $1,311,645 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $664,719 |
| Travel | $24,042 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $94,397 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $141,593 |
| Insurance | $13,132 |
| All other expenses | $345,691 |
| Total functional expenses | $6,225,686 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $378,016 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,504,145 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $217,307 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $2,900 |
| Net Land, buildings, and equipment | $5,298,038 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $6,667 |
| Total assets | $7,407,073 |
| Accounts payable and accrued expenses | $2,149,359 |
| 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 | $995,037 |
| Total liabilities | $3,144,396 |
| Net assets without donor restrictions | $4,262,677 |
| 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 | $7,407,073 |