Leap Initiative Inc
- Assets
- $37.9k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Mountain View, CA
- Founding
- 01/2020
- Data as of
- 12/2021
- EIN
- 84-3452395
Organization Overview
Leap Initiative Inc is located in Mountain View, CA. The organization was established in 2020. According to its NTEE Classification (S20) the organization is classified as: Community & Neighborhood Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Leap Initiative 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 Initiative Inc generated $2.5k in total revenue. All expenses for the organization totaled $8.3k during the year ending 12/2021.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3
GENERAL PROGRAM - LEAP DEDICATES TO INFORMING, INSPIRING, AND SUPPORTING OUR MEMBERS AND PEERS THROUGH SEMINARS, LECTURES, WORKSHOPS, AND SOCIAL EVENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jiwen Wei Board Member | 10 | $0 | |
Qing Han President | 10 | $0 | |
Liqin Zhang Board Member | 10 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,473 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $2,473 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $7,075 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $250 |
| Other expenses | $930 |
| Total expenses | $8,255 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $37,873 |
| Other assets | $0 |
| Total assets | $37,873 |
| Total liabilities | $0 |
| Net assets or fund balances | $37,873 |
Grants Awarded
Over the last fiscal year, Leap Initiative Inc has awarded $86,633 in support to 9 organizations.
| Grant Recipient | Amount |
|---|---|
Stanford, CA PURPOSE: PERSONAL PROTECTIVE EQUIPMENT FOR MEDICAL STAFF. | $28,762 |
Bronx, NY PURPOSE: PERSONAL PROTECTIVE EQUIPMENT FOR MEDICAL STAFF. | $14,456 |
New Rochelle, NY PURPOSE: PERSONAL PROTECTIVE EQUIPMENT FOR MEDICAL STAFF. | $7,000 |
Sacramento, CA PURPOSE: PERSONAL PROTECTIVE EQUIPMENT FOR MEDICAL STAFF. | $6,930 |
SUNY DOWNSTATE PURPOSE: PERSONAL PROTECTIVE EQUIPMENT FOR MEDICAL STAFF. | $6,300 |
Malden, MA PURPOSE: PERSONAL PROTECTIVE EQUIPMENT FOR MEDICAL STAFF. | $6,300 |
Grants Recieved
Over the last fiscal year, we have identified 5 grants that Leap Initiative Inc has recieved totaling $175,215.
| Awarding Organization | Amount |
|---|---|
American Online Giving Foundation Inc Newark, DE PURPOSE: GENERAL SUPPORT | $74,454 |
American Online Giving Foundation Inc Newark, DE PURPOSE: GENERAL SUPPORT | $74,454 |
Paypal Charitable Giving Fund Washington, DC PURPOSE: General Support | $17,307 |
United Way Worldwide Alexandria, VA PURPOSE: GENERAL CHARITABLE OPERATIONS | $5,400 |
Abbvie Foundation North Chicago, IL PURPOSE: MATCHING GRANTS | $3,600 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Downtown Santa Monica Inc Santa Monica, CA | $4,897,203 | $9,308,728 |
Resources For Community Development Berkeley, CA | $93,266,557 | $6,994,658 |
Lake Wildwood Association Penn Valley, CA | $30,720,187 | $8,953,678 |
Antelope Valley Partners For Health Lancaster, CA | $4,220,936 | $10,090,239 |
Community Vision Capital & Consulting San Francisco, CA | $118,645,783 | $20,656,685 |
Hacienda Community Development Corporation Portland, OR | $42,129,547 | $14,753,048 |
Powerswitch Action Oakland, CA | $19,442,233 | $13,398,955 |
Downtown Center Business Improvement District Inc Los Angeles, CA | $1,747,827 | $7,519,589 |
Underground Service Alert Of Northern California And Nevada Concord, CA | $6,010,381 | $7,617,174 |
Community Action Agency Of Butte County Inc Chico, CA | $5,886,657 | $7,635,979 |
Las Sendas Community Association Scottsdale, AZ | $18,217,968 | $6,434,720 |
Union Square Business Improvement District San Francisco, CA | $3,440,343 | $7,353,306 |