Leap INC FY2022 filing

Tax-deductible

Brooklyn, NY501(c)(3)Since 1992HousingEIN 11-3111694

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Leap empowers low and moderate income people by helping them gain access to living-wage employment opportunities and career paths. We seek to develop programs that counter prevailing market inequalities and contribute to a broader movement for economic justice.

501(c)(3) charity; gifts are tax-deductible.
84¢ of each $1 spent went to programs.
$546K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

Before you give

FY2022 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
5 of 5
filings with a surplus
Average surplus $2.0M a year · 24% of revenue · last 5 filings
Looks good: a surplus in 5 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
84%
of spending
Looks good: 84% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$546K
to officers and key staff · 10% of spending
Looks good: pay to officers and key staff is 10% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
6 mo
of spending, in cash
Looks good: 6.3 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
8
named funders · $1.1M
Looks good: 8 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$2.0M
31% of total assets
Looks good: liabilities are 31% of assets; 50% or less.
Pt X · Ln 26
Independent board members
11
of 12 voting members
Looks good: 11 of 12 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$6.1M
-4% vs prior year
Spent
$5.7M
To programs
84%
Net assets
$4.4M
By yearFY2020–FY2024
Revenue
$6.1M
FY2022▼ -4%
Revenue by fiscal year
FY2020$5.3M
FY2021$6.3M
FY2022$6.1M
FY2023$7.3M
FY2024$15.5M
FY2024$8.2M
Expenses
$5.7M
FY2022▲ +7%
Expenses by fiscal year
FY2020$5.3M
FY2021$5.3M
FY2022$5.7M
FY2023$6.7M
FY2024$7.7M
FY2024$8.0M
Net assets
$4.4M
FY2022▲ +10%
Net assets by fiscal year
FY2020$3.1M
FY2021$4.0M
FY2022$4.4M
FY2023$5.0M
FY2024$12.8M
FY2024$13.0M

From the FY2022 Form 990 (year ending June 2022) · figures checked against the IRS filing · see the original

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You’re viewing the FY2022 filing — not the latest on file. See the latest (FY2024) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Oct 1992.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

84 cents of each dollar spent went to programs.

Program services 84% · $4.8M Management & general 8% · $477K Fundraising 8% · $428K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

19 people listed on the 990; $546K paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2021); the FY2022 filing did not itemize Part VII
Executive Director
$188,090Pt VII · Sec A
Program Director
$130,864Pt VII · Sec A
Development Director
$119,326Pt VII · Sec A
Director of Brooklyn Woods
$107,254Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A

Aaron Shiffman’s $261K as Executive Director is at the 94th percentile of top reported officer pay among 2036 $1–10M housing nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 7 named individuals · Part VII

NameFY2024FY2024FY2023FY2022FY2021FY2020
Aaron Shiffman$261,093$224,375$214,693$188,090$187,758$180,913
Shawn Hegele$185,938$138,591$138,294$119,326$119,287$115,585
Julio Perez——$105,392$130,864$129,412$125,707
Scott Peltzer$121,945$113,570$110,318$107,254$105,901$104,375
Venus Sherie Anderson$121,283$103,792————
Erik C Jones$119,235$102,729————
Vanessa Soto$112,560$104,846————

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Helps low-income people find living-wage jobs and build careers to fight economic inequality.

Provided by the organization

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3 programs · $2.5M · in their own filed words · FY2021
01

Red Hook on the Road

Red hook on the road is bwi's commercial driving training program. This four-week program prepares participants for jobs as drivers of "class B/BPS" commercial vehicles including trucks, school buses, coach or charter buses, airport shuttle buses and access-a-ride and other para-transit vehicles.

$1.2Mprogram expense
02

Bwi's Nycha Resident Training Academy

Bwi's nycha resident training academy prepares public housing residents for careers with the new york city housing authority (nycha). Trainees participate in up to six weeks of training for various employment opportunities on nycha developments throughout the five boroughs, including caretaker and construction related roles.

$741Kprogram expense
03

Brooklyn Woods

Brooklyn woods trains new yorkers for careers in woodworking and fabrication. Through seven weeks of classroom and hands-on training, graduates learn shop production, wood technology, finishing techniques, cabinet installation, mechanical drawing, and the safe use and proper care of hand and power tools in bwi's custom-built woodworking…

$548Kprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · received and paid
Grants received · FY2024
See all 8 funders →
Grants paid · 6 grants · $243K · 2020–2024
Unitemized GrantFY2024$71,180
Unitemized GrantFY2023$66,890
Unitemized GrantFY2022$50,298
Unitemized GrantFY2021$34,300
Unitemized GrantFY2021$6,682
Unitemized GrantFY2020$13,300

By the numbers

The FY2022 990, line by line.

1The main four
Money inPt VIII
$6.1M
Ln 12
Gifts and grantsLn 1h$5.7M
Fees for servicesLn 2g$367K
Investment incomeLn 3$8K
Money outPt IX
$5.7M
Ln 25
Programscol B$4.8M
Managementcol C$477K
Fundraisingcol D$428K
Owns and owesPt X
$4.4M
net assets · Ln 32
Cash and savingsLn 1–2$3.0M
Total assetsLn 16$6.4M
LiabilitiesLn 26$2.0M
PeoplePt VI, VII
19
listed · VII A
PaidVII A4
Voting boardVI 1a12
IndependentVI 1b11
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$5.7M
Government grantsLn 1e$1.4M
Fundraising eventsLn 1c$114K
Fees for servicesLn 2g$367K
Investment incomeLn 3$8K
Total revenueLn 12$6.1M
Assets in detailPt X, end of year
CashLn 1$3.0M
Cash and savings togetherLn 1–2$3.0M
InvestmentsLn 11–13$7K
Land, buildings, equipmentLn 10c$478K
Other assetsLn 15$1.4M
Total assetsLn 16$6.4M
LiabilitiesLn 26$2.0M
Net assetsLn 32$4.4M
OperationsPt I, VI
EmployeesI 569
VolunteersI 660
Fiscal year endsHeaderJune
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY22End FY22
Cash and savingsLn 1–2$2.6M$3.0M
InvestmentsLn 11–13$0$7K
Land, buildings, equipmentLn 10c$561K$478K
Total assetsLn 16$5.0M$6.4M
LiabilitiesLn 26$932K$2.0M
Net assetsLn 32$4.0M$4.4M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic individualsLn 2$41K$41K
Pay of current officers, directors and key staffLn 5$276K$240K$8K$29K
Other salaries and wagesLn 7$2.4M$1.9M$161K$268K
Pension plan contributionsLn 8$82K$71K$2K$9K
Other employee benefitsLn 9$298K$259K$8K$31K
Payroll taxesLn 10$244K$212K$7K$25K
Accounting feesLn 11c$57K$8K$49K
Other fees for servicesLn 11g$120K$65K$26K$29K
Advertising and promotionLn 12$50K$35K$5K$10K
Office expensesLn 13$126K$99K$19K$8K
Information technologyLn 14$277K$224K$46K$7K
OccupancyLn 16$683K$636K$35K$12K
TravelLn 17$44K$33K$10K$677
Depreciation, depletion and amortizationLn 22$83K$83K
InsuranceLn 23$16K$4K$13K
Other expenses (24a–d)Ln 24$901K$898K$3K$20
All other expensesLn 24e$1K$1K
Total functional expensesLn 25$5.7M$4.8M$477K$428K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 $15.5M$7.7M$7.8M$12.8M 990 PDF
FY2023 $7.3M$6.7M$571K$5.0M 990 PDF
FY2022 Viewing $6.1M$5.7M$394K$4.4M 990 PDF
FY2021 $6.3M$5.3M$987K$4.0M 990 PDF
FY2020 $5.3M$5.3M$55K$3.1M 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2022 990 (4 parts)
Part VIII · Statement of revenue $6,063,090 across 10 lines filed
VIII-1c Fundraising events$113,950
VIII-1d Related organizations$25,000
VIII-1e Government grants$1,392,412
VIII-1f All other contributions, gifts and grants$4,178,759
VIII-1h Total contributions, gifts and grants$5,710,121
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $366,582$366,582
VIII-3 Investment incomeExcluded from tax $7,715$7,715
VIII-8 Net income from fundraising eventsExcluded from tax −$26,884−$26,884
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Excluded from tax $5,556$5,556
VIII-12 Total revenueRelated to mission $366,582 · Unrelated business $0 · Excluded from tax −$13,613$6,063,090
Part IX · Statement of functional expenses $5,668,780 across 17 lines filed
IX-2 Grants to domestic individualsPrograms $40,982$40,982
IX-5 Pay of current officers, directors and key staffPrograms $239,951 · Management $7,576 · Fundraising $28,768$276,295
IX-7 Other salaries and wagesPrograms $1,938,709 · Management $161,408 · Fundraising $268,382$2,368,499
IX-8 Pension plan contributionsPrograms $71,320 · Management $2,252 · Fundraising $8,551$82,123
IX-9 Other employee benefitsPrograms $258,973 · Management $8,178 · Fundraising $31,049$298,200
IX-10 Payroll taxesPrograms $212,048 · Management $6,695 · Fundraising $25,423$244,166
IX-11c Accounting feesPrograms $7,750 · Management $49,490$57,240
IX-11g Other fees for servicesPrograms $64,886 · Management $26,455 · Fundraising $28,706$120,047
IX-12 Advertising and promotionPrograms $35,474 · Management $4,810 · Fundraising $9,826$50,110
IX-13 Office expensesPrograms $99,094 · Management $18,703 · Fundraising $8,187$125,984
IX-14 Information technologyPrograms $224,019 · Management $46,293 · Fundraising $6,509$276,821
IX-16 OccupancyPrograms $636,366 · Management $35,304 · Fundraising $11,677$683,347
IX-17 TravelPrograms $32,782 · Management $10,389 · Fundraising $677$43,848
IX-22 Depreciation, depletion and amortizationManagement $82,843$82,843
IX-23 InsurancePrograms $3,500 · Management $12,513$16,013
IX-24 Other expenses (24a–d)Programs $897,998 · Management $3,244 · Fundraising $20$901,262
IX-24e All other expensesManagement $1,000$1,000
IX-25 Total functional expensesPrograms $4,763,852 · Management $477,153 · Fundraising $427,775$5,668,780
Part X · Balance sheet $6,400,677 assets, 15 lines filed
X-1 Cash, non-interest-bearingStart of year $2,649,828$2,988,782
X-3 Pledges and grants receivableStart of year $1,469,565$1,267,892
X-4 Accounts receivableStart of year $179,297$200,102
X-9 Prepaid expenses and deferred chargesStart of year $38,604$12,167
X-10c Land, buildings and equipment, netStart of year $561,139$478,296
X-11 Publicly traded securitiesStart of year $0$7,444
X-15 Other assetsStart of year $60,909$1,445,994
X-16 Total assetsStart of year $4,959,342$6,400,677
X-17 Accounts payable and accrued expensesStart of year $398,434$593,181
X-25 Other liabilitiesStart of year $533,300$1,385,688
X-26 Total liabilitiesStart of year $931,734$1,978,869
X-27 Net assets without donor restrictionsStart of year $3,934,510$4,313,317
X-28 Net assets with donor restrictionsStart of year $93,098$108,491
X-32 Total net assets or fund balancesStart of year $4,027,608$4,421,808
X-33 Total liabilities and net assetsStart of year $4,959,342$6,400,677
Part XI · Reconciliation of net assets $4,421,808 net assets at year end
XI-1 Total revenue$6,063,090
XI-2 Total expenses$5,668,780
XI-3 Revenue less expenses$394,310
XI-4 Net assets at start of year$4,027,608
XI-5 Net unrealized gains (losses) on investments−$110
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$4,421,808

Form 990 e-file (XML) FY2022 from the IRS · Classification, formation year and address from the IRS Business Master File

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