Leap INC FY2023 filing

Tax-deductible

Staples, MN501(c)(3)Since 2000EducationEIN 31-1740634

Objectives are to: 1. Work as a liaison between the community and school district, 2. Support volunteerism in the school and community, 3. Identify viable ways for the school to adapt to current economics and demographic circumstances, 4. Determine the strengths and weaknesses of the district through focus group meetings and decide which options provide the most benefits for the community and the school district, 5. Building a stronger staples community that will enrich the quality of life now and for future generations, 6. Determine the strengths and weaknesses of the community through focus group meetings and decide which options provide the most benefits for the community and businesses, 7. Facilitate the citizens, city government, and businesses in staples to improve communication and planning and work together on projects.

501(c)(3) charity; gifts are tax-deductible.
99¢ of each $1 spent went to programs.
$12K 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

FY2023 · 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
1 of 2
filings with a surplus
Average surplus $15K a year · 6% of revenue · last 2 filings
Worth a look: a surplus in 1 of the last 2 filings.
Pt I · Ln 19 · 2 filings
Spent on programs
99%
of spending
Looks good: 99% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$12K
to officers and key staff · 5% of spending
Looks good: pay to officers and key staff is 5% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
6 mo
of spending, in cash
Looks good: 5.8 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
2
named funders · $16K
Fine: 2 funders name it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$0
0% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
23
of 24 voting members
Looks good: 23 of 24 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$225K
+24% vs prior year
Spent
$243K
To programs
99%
Net assets
$117K
By yearFY2021–FY2024
Revenue
$225K
FY2023▲ +24%
Revenue by fiscal year
FY2021$98K
FY2022$181K
FY2023$225K
FY2024$230K
FY2024$412K
Expenses
$243K
FY2023
Expenses by fiscal year
FY2021Not on file
FY2022Not on file
FY2023$243K
FY2024$183K
FY2024$364K
Net assets
$117K
FY2023▼ -13%
Net assets by fiscal year
FY2021$63K
FY2022$134K
FY2023$117K
FY2024$164K
FY2024$212K

From the FY2023 Form 990 (year ending June 2023) · see the original

You’re viewing the FY2023 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 Jan 2001.

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

Where the money goes

99 cents of each dollar spent went to programs.

Program services 99% · $240K Management & general 1% · $2K

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

Who runs it and what they're paid

24 people listed on the 990; $12K paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2022); the FY2023 filing did not itemize Part VII
Director
$11,345Pt VII · Sec A
Director
$875Pt VII · Sec A
Vice Chair
$0Pt VII · Sec A
Director, Ex
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A

Renee Kroll’s $17K as Director is at the 13th percentile of top reported officer pay among 1613 $100K–1M 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 · 3 named individuals · Part VII

NameFY2024FY2024FY2023
Renee Kroll$17,000$14,000$11,345
Melanie Lee—$1,500$875
Jordan Goodwater$1,000——

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 2Yes
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Connects schools and community, supports volunteers, and strengthens the local area.

Provided by the organization

This section is blank until Leap INC claims this page.

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3 program services account for $118K of program spending, described in the organization's own filed words · FY2022.
01

Motley Junefest

Assisted this group in providing activities for the annual community celebration and then transferred the balance of their funds when they formed their own 501(c)(3) organization.

$41Kprogram expense
02

The staples motley music boosters accounted for fundraising efforts of the staples motley high school music program, the proceeds of which were used to take their musical talents on the road for a music tour.

$39Kprogram expense
03

Tourism

Leap manages tourism dollars collected via a city lodging tax for the city of staples. A tourism committee helps to direct a consultant who markets the staples area through billboards, the explore MN travel guide, the MN lodging association, and to provide content for a discover staples (DISCOVERSTAPLESMN.ORG) website and visitor guide.

$38Kprogram expense

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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 · FY2022
Total grants receivedfrom 2 funders$16K
Grants paid · 7 grants · $86K · 2022–2024
Morrison County Agricultural AssociFY2024$23,720
Staples Economic Development AuthorFY2023$7,614
Morrison County Agricultural AssociFY2023$7,500
Isd 2170FY2022$1,000

By the numbers

The FY2023 990, line by line.

1The main four
Money inPt VIII
$225K
Ln 12
Gifts and grantsLn 1h$161K
Fees for servicesLn 2g$37K
Other incomeLn 4–11$27K
Money outPt IX
$243K
Ln 25
Programscol B$240K
Managementcol C$2K
Owns and owesPt X
$117K
net assets · Ln 32
Cash and savingsLn 1–2$117K
Total assetsLn 16$117K
LiabilitiesLn 26$0
PeoplePt VI, VII
24
listed · VII A
PaidVII A2
Voting boardVI 1a24
IndependentVI 1b23
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$161K
Government grantsLn 1e$50K
Fees for servicesLn 2g$37K
Investment incomeLn 3$29
Other incomeLn 4–11$27K
Total revenueLn 12$225K
Assets in detailPt X, end of year
CashLn 1$97K
SavingsLn 2$20K
Cash and savings togetherLn 1–2$117K
Total assetsLn 16$117K
LiabilitiesLn 26$0
Net assetsLn 32$117K
OperationsPt I, VI
EmployeesI 50
VolunteersI 624
Fiscal year endsHeaderJune
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY23End FY23
Cash and savingsLn 1–2$134K$117K
Total assetsLn 16$134K$117K
LiabilitiesLn 26$0$0
Net assetsLn 32$134K$117K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$84K$84K
Pay of current officers, directors and key staffLn 5$17K$17K
Management feesLn 11a$7K$7K
Legal feesLn 11b$1K$1K
Accounting feesLn 11c$2K$2K
Other fees for servicesLn 11g$43K$43K$25
Advertising and promotionLn 12$18K$18K
Office expensesLn 13$2K$2K$46
OccupancyLn 16$3K$3K
TravelLn 17$27K$27K
Conferences, conventions and meetingsLn 19$8K$8K
InsuranceLn 23$552$285$267
Other expenses (24a–d)Ln 24$16K$16K
All other expensesLn 24e$15K$15K
Total functional expensesLn 25$243K$240K$2K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 $230K$183K$47K$164K 990 PDF
FY2023 Viewing $225K$243K−$17K$117K 990 PDF
FY2022 $181K$134K 990 PDF
FY2021 $98K$63K 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 FY2023 990 (4 parts)
Part VIII · Statement of revenue $225,224 across 8 lines filed
VIII-1e Government grants$50,154
VIII-1f All other contributions, gifts and grants$111,083
VIII-1h Total contributions, gifts and grants$161,237
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $36,941$36,941
VIII-3 Investment incomeExcluded from tax $29$29
VIII-8 Net income from fundraising events$26,317
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Unrelated business $700$700
VIII-12 Total revenueRelated to mission $36,941 · Unrelated business $700 · Excluded from tax $29$225,224
Part IX · Statement of functional expenses $242,507 across 14 lines filed
IX-1 Grants to domestic organizationsPrograms $83,820$83,820
IX-5 Pay of current officers, directors and key staffPrograms $17,220$17,220
IX-11a Management feesPrograms $7,344$7,344
IX-11b Legal feesPrograms $1,126$1,126
IX-11c Accounting feesManagement $2,000$2,000
IX-11g Other fees for servicesPrograms $42,958 · Management $25$42,983
IX-12 Advertising and promotionPrograms $17,822$17,822
IX-13 Office expensesPrograms $1,617 · Management $46$1,663
IX-16 OccupancyPrograms $2,511$2,511
IX-17 TravelPrograms $27,000$27,000
IX-19 Conferences, conventions and meetingsPrograms $8,342$8,342
IX-23 InsurancePrograms $285 · Management $267$552
IX-24 Other expenses (24a–d)Programs $15,598$15,598
IX-24e All other expensesPrograms $14,526$14,526
IX-25 Total functional expensesPrograms $240,169 · Management $2,338 · Fundraising $0$242,507
Part X · Balance sheet $117,132 assets, 8 lines filed
X-1 Cash, non-interest-bearingStart of year $114,031$96,719
X-2 Savings and temporary cash investmentsStart of year $20,384$20,413
X-16 Total assetsStart of year $134,415$117,132
X-26 Total liabilitiesStart of year $0$0
X-27 Net assets without donor restrictionsStart of year $458$2,374
X-28 Net assets with donor restrictionsStart of year $133,957$114,758
X-32 Total net assets or fund balancesStart of year $134,415$117,132
X-33 Total liabilities and net assetsStart of year $134,415$117,132
Part XI · Reconciliation of net assets $117,132 net assets at year end
XI-1 Total revenue$225,224
XI-2 Total expenses$242,507
XI-3 Revenue less expenses−$17,283
XI-4 Net assets at start of year$134,415
XI-10 Net assets at end of year$117,132

Form 990 e-file (XML) FY2023 from the IRS · Classification, formation year and address from the IRS Business Master File

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