Leap INC FY2024 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.
98¢ of each $1 spent went to programs.
$16K 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

FY2024 · 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
98%
of spending
Looks good: 98% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$16K
to officers and key staff · 8% of spending
Looks good: pay to officers and key staff is 8% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
11 mo
of spending, in cash
Looks good: 10.7 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
22
of 24 voting members
Looks good: 22 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
$230K
+2% vs prior year
Spent
$183K
To programs
98%
Net assets
$164K
By yearFY2021–FY2024
Revenue
$230K
FY2024▲ +2%
Revenue by fiscal year
FY2021$98K
FY2022$181K
FY2023$225K
FY2024$230K
FY2024$412K
Expenses
$183K
FY2024▼ -24%
Expenses by fiscal year
FY2021Not on file
FY2022Not on file
FY2023$243K
FY2024$183K
FY2024$364K
Net assets
$164K
FY2024▲ +40%
Net assets by fiscal year
FY2021$63K
FY2022$134K
FY2023$117K
FY2024$164K
FY2024$212K

From the FY2024 Form 990 (year ending June 2024) · see the original

You’re viewing the FY2024 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

98 cents of each dollar spent went to programs.

Program services 98% · $180K Management & general 2% · $3K

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; $16K paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2023); the FY2024 filing did not itemize Part VII
Director
$14,000Pt VII · Sec A
Director
$1,500Pt 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
$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 $80K of program spending, described in the organization's own filed words · FY2023.
01

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.

$31Kprogram expense
02

Events

Helped support the city of staples with its summer celebration and a holiday meal.

$27Kprogram expense
03

Assisted other local organizations with a christmas 4 kids event, cemetery upkeep, sportsmens club activities, school activities, gradblast activities, senior banner displays for graduation, and assistance to morrison county ag.

$21Kprogram 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 FY2024 990, line by line.

1The main four
Money inPt VIII
$230K
Ln 12
Gifts and grantsLn 1h$170K
Other incomeLn 4–11$48K
Fees for servicesLn 2g$11K
Money outPt IX
$183K
Ln 25
Programscol B$180K
Managementcol C$3K
Owns and owesPt X
$164K
net assets · Ln 32
Cash and savingsLn 1–2$164K
Total assetsLn 16$164K
LiabilitiesLn 26$0
PeoplePt VI, VII
24
listed · VII A
PaidVII A2
Voting boardVI 1a24
IndependentVI 1b22
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$170K
Government grantsLn 1e$45K
Fees for servicesLn 2g$11K
Investment incomeLn 3$547
Other incomeLn 4–11$48K
Total revenueLn 12$230K
Assets in detailPt X, end of year
CashLn 1$143K
SavingsLn 2$21K
Cash and savings togetherLn 1–2$164K
Total assetsLn 16$164K
LiabilitiesLn 26$0
Net assetsLn 32$164K
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 FY24End FY24
Cash and savingsLn 1–2$117K$164K
Total assetsLn 16$117K$164K
LiabilitiesLn 26$0$0
Net assetsLn 32$117K$164K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$31K$31K
Pay of current officers, directors and key staffLn 5$20K$20K
Management feesLn 11a$918$918
Accounting feesLn 11c$2K$2K
Other fees for servicesLn 11g$44K$44K$25
Advertising and promotionLn 12$14K$14K
Office expensesLn 13$231$175$56
OccupancyLn 16$8K$8K
TravelLn 17$320$320
Conferences, conventions and meetingsLn 19$12K$12K$50
InsuranceLn 23$551$284$267
Other expenses (24a–d)Ln 24$27K$27K
All other expensesLn 24e$23K$23K
Total functional expensesLn 25$183K$180K$3K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Viewing $230K$183K$47K$164K 990 PDF
FY2023 $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 FY2024 990 (4 parts)
Part VIII · Statement of revenue $230,113 across 8 lines filed
VIII-1e Government grants$45,141
VIII-1f All other contributions, gifts and grants$125,332
VIII-1h Total contributions, gifts and grants$170,473
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $11,083$11,083
VIII-3 Investment incomeExcluded from tax $547$547
VIII-8 Net income from fundraising events$39,535
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Unrelated business $8,475$8,475
VIII-12 Total revenueRelated to mission $11,083 · Unrelated business $8,475 · Excluded from tax $547$230,113
Part IX · Statement of functional expenses $183,300 across 13 lines filed
IX-1 Grants to domestic organizationsPrograms $31,004$31,004
IX-5 Pay of current officers, directors and key staffPrograms $19,891$19,891
IX-11a Management feesPrograms $918$918
IX-11c Accounting feesManagement $2,445$2,445
IX-11g Other fees for servicesPrograms $43,915 · Management $25$43,940
IX-12 Advertising and promotionPrograms $13,592$13,592
IX-13 Office expensesPrograms $175 · Management $56$231
IX-16 OccupancyPrograms $8,123$8,123
IX-17 TravelPrograms $320$320
IX-19 Conferences, conventions and meetingsPrograms $12,177 · Management $50$12,227
IX-23 InsurancePrograms $284 · Management $267$551
IX-24 Other expenses (24a–d)Programs $27,218$27,218
IX-24e All other expensesPrograms $22,840$22,840
IX-25 Total functional expensesPrograms $180,457 · Management $2,843 · Fundraising $0$183,300
Part X · Balance sheet $163,945 assets, 8 lines filed
X-1 Cash, non-interest-bearingStart of year $96,719$142,985
X-2 Savings and temporary cash investmentsStart of year $20,413$20,960
X-16 Total assetsStart of year $117,132$163,945
X-26 Total liabilitiesStart of year $0$0
X-27 Net assets without donor restrictionsStart of year $2,374$1,904
X-28 Net assets with donor restrictionsStart of year $114,758$162,041
X-32 Total net assets or fund balancesStart of year $117,132$163,945
X-33 Total liabilities and net assetsStart of year $117,132$163,945
Part XI · Reconciliation of net assets $163,945 net assets at year end
XI-1 Total revenue$230,113
XI-2 Total expenses$183,300
XI-3 Revenue less expenses$46,813
XI-4 Net assets at start of year$117,132
XI-10 Net assets at end of year$163,945

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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