Learning Through an Expanded Arts Program INC EIN 13-2925233 Form 990 (PDF) Claim this org

Learning Through an Expanded Arts Program INC FY2021 filing

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Offers arts education to NYC students, fostering creativity and critical thinking. For fiscal year 2021 it reported $7.4M in revenue, $7.1M in expenses, and $707K in net assets.Pt I

Founded
1977
Type
Public charity (501(c)(3)) · Education
Location
New York, NY
Website
www.leapnyc.org
Filings
5 on file (2020–2021)
Revenue
$7.4MFY2021
Expenses
$7.1M
Net assets
$707K
People
14
Filings
5
Updates
0
More identity details & actions ⌄
EIN  13-2925233 Public charity (501(c)(3)) New York, NY Founded 1977
Form 990 (PDF)
You’re viewing the FY2021 filing — not the latest on file. See the latest (FY2024) →
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Figures match the IRS filing checked 8/13/26 · see original: IRS
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Size
$1–10M
What they do
Offers arts education to NYC students, fostering creativity and critical thinking.
Leadership
Richard Souto · Executive Director · $201K
Money in and out
$7.4M revenue, $7.1M expenses
Bottom line
90% program efficiency
Where the money goes · FY2021
Total revenue
$7.4M
Pt VIII · Ln 12
Total expenses
$7.1M
Pt IX · Ln 25
Net assets
$707K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $382K
Where spending went · Part IX cols B–D
Program services $0.90 Management & general $0.06 Fundraising $0.04
Program efficiency
90%
of spending reaches programs
Operating runway
0.2mo
months of highly liquid reserves at operating expense rate
Surplus margin
+5%
revenue over expenses, this year

Summary of the Filing

Part I · fiscal year 2021 · Form 990
Revenue
$7.4M
FY2021▼ -8%
Expenses
$7.1M
FY2021▼ -17%
Total assets
$3.0M
FY2021▼ -0.8%
Total liabilities
$2.3M
FY2021▼ -15%
Total revenue
$7.4M
Pt VIII · Ln 12
Total expenses
$7.1M
Pt IX · Ln 25
Net assets
$707K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$382K
Total assetsPt X · Ln 16$3.0M
Program-expense ratioPt IX · col B90%
Voting members of governing bodyPt I · Ln 311
Independent voting membersPt I · Ln 410

Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CLearning Through an Expanded Arts Program INC
EINHdr · item D13-2925233
Principal addressHdr · item CNew York, NY
WebsiteHdr · item Jwww.leapnyc.org
Year of formationHdr · item L1977
State of legal domicileHdr · item MNY
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFEducation (B900)
Ruling yearIRS BMFFeb 1978

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a11
Independent voting membersPt VI · Ln 1b10
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13Yes
Document retention policyPt VI · Ln 14Yes
CEO/top-official compensation independently reviewedPt VI · Ln 15aYes
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation · most recent filed roster (FY2020); the FY2021 filing did not itemize Part VII
Executive Director
$200,702Pt VII · Sec A
Chief Program Officer
$158,017Pt VII · Sec A
Director of Talent
$133,123Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Board Member - Until August 2020
$0Pt VII · Sec A
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A

Richard Souto’s $225K as Executive Director is at the 88th percentile of top reported officer pay among 3392 $1–10M education 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
Richard Souto$225,432$202,502$208,367$206,233$200,702$189,517
Lakimja Mattocks$166,557$150,619
Jennifer R Difiglia$90,183$162,822$155,619$158,017$142,794
Julliahann Washington$162,302$139,039
Sharlene Frank$133,123
Danice Crump$120,000
Karina Lynch Graham$100,880

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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Mission & Programs · Part III

Where the work happens

2 program services account for $6.4M of program spending, described in the organization's own filed words · FY2020.
01

Afterschool Programs

During the fiscal year 2021, leap brought comprehensive afterschool programs to 29 public elementary and middle schools throughout brooklyn, the bronx and upper manhattan. Given the impact of COVID-19, these programs operated both in person in school buildings as well as through remote program offerings delivered online during periods of…

$5.8Mprogram expense
02

Arts Residencies

During the fiscal year 2021, leap partnered with about 100 new york city public schools to deliver arts residency programs to thousands of students in grades k through 12. These programs were offered both inperson during the school day and online during remote school time in partnership with classroom teachers and support staff.

$600Kprogram expense

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Statement of Revenue

Part VIII
Contributions & grants$5.7M · 77%
Program service revenue$1.7M · 23%
Contributions & grants77%$5.7M
Program service revenue23%$1.7M
Investment income$390
Other revenue$20K
— government grantsLn 1e$5.1M
Total revenueLn 12$7.4M

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.90 Management & general $0.06 Fundraising $0.04
Program services90%$6.4M
Management & general6%$395K
Fundraising4%$298K
Total functional expensesLn 25$7.1M

Balance Sheet

Part X · end of year
CashLn 1$146K
Total assetsLn 16$3.0M
Total liabilitiesLn 26$2.3M
Total net assetsLn 32$707K
Months of cash on handcomputed0.2

Financial Metrics

Form 990 · FY2021 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $146K · Operating expenses/yr $7.1M
0.2 months
Where the money goes
Program services
Program services $6.4M · Total expenses $7.1M
90%
Management & General
Management & general $395K · Total expenses $7.1M
6%
Fundraising
Fundraising $298K · Total expenses $7.1M
4%
Cost to raise $1
Fundraising expense (2-yr avg) $317K · Solicited contributions (2-yr avg) $566K
$0.56 to raise $1 (2-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $5.7M · Total revenue $7.4M
77%
Government reliance
Government grants $5.1M · Total revenue $7.4M
69%
Earned-income share
Program service revenue $1.7M · Total revenue $7.4M
23%
Investment reliance
Investment income $390 · Total revenue $7.4M
<0.01%
Program self-sufficiency
Program service revenue $1.7M · Total expenses $7.1M
24%
Growth & trend
Revenue growth (YoY)
This year $7.4M · Prior year $8.1M
-8%
Net-asset trend (YoY)
End of year $707K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $7.4M · Expenses $7.1M
+5%
Liabilities-to-Assets
Total liabilities — · Total assets $3.0M
Net-asset ratio
Net assets $707K · Total assets $3.0M
24%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $3.0M
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Richard Souto · Reported title EXECUTIVE DIRECTOR · Highest reported compensation $201K · Total expenses $7.1M
3%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $5.7M · Total expenses $7.1M
81%
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 90%
Overhead ratio 6%
Fundraising cost ratio 5%
Revenue growth -8%
Legal fee ratio 0.1%
Accounting fee ratio 6%

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Grants

Schedule I · funders on record
Grants received · FY2024
See all 9 funders →

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2024$9.6M revenue · ⤓ 990 PDF
FY2023$11.3M revenue · ⤓ 990 PDF
FY2022$10.0M revenue · ⤓ 990 PDF
FY2021$7.4M revenue · viewing · ⤓ 990 PDF
FY2020$8.1M revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2021IRS
Classification, formation year, addressIRS Business Master File
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