Leap Learning Systems EIN 36-3940161

Leap Learning Systems FY2020 filing

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Develops language skills for academic and professional success in young people from low-resource communities. For fiscal year 2020 it reported $450K in revenue, $397K in expenses, and $104K in net assets.Pt I

Type
Public charity (501(c)(3)) · Education
Location
Chicago, IL
Website
www.leapempowers.org
Filings
5 on file (2020–2020)
Revenue
$450KFY2020
Expenses
$397K
Net assets
$104K
People
13
Filings
5
Updates
0
More identity details & actions ⌄
EIN  36-3940161 Public charity (501(c)(3)) Chicago, IL
Form 990 (PDF)
You’re viewing the FY2020 filing — not the latest on file. See the latest (FY2024) →
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Size
$100K–1M
What they do
Develops language skills for academic and professional success in young people from low-resource communities.
Leadership
Nina Smith · Executive Director · $85K
Money in and out
$450K revenue, $397K expenses
Bottom line
64% program efficiency
Where the money goes · FY2020
Total revenue
$450K
Pt VIII · Ln 12
Total expenses
$397K
Pt IX · Ln 25
Net assets
$104K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $52K
Where spending went · Part IX cols B–D
Program services $0.64 Management & general $0.23 Fundraising $0.13
Program efficiency
64%
of spending reaches programs
Operating runway
1.9mo
months of highly liquid reserves at operating expense rate
Surplus margin
+12%
revenue over expenses, this year

Summary of the Filing

Part I · fiscal year 2020 · Form 990
Revenue
$450K
FY2020
Expenses
$397K
FY2020
Total assets
$137K
FY2020
Total liabilities
$33K
FY2020
Total revenue
$450K
Pt VIII · Ln 12
Total expenses
$397K
Pt IX · Ln 25
Net assets
$104K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$52K
Total assetsPt X · Ln 16$137K
Program-expense ratioPt IX · col B64%
Voting members of governing bodyPt I · Ln 312
Independent voting membersPt I · Ln 412
Mission & Programs · Part III

Where the work happens

1 program service account for $256K of program spending, described in the organization's own filed words · FY2020.
01

Programs related to providing transformational language-based programs for children, adolescents, parents and educators throughout Chicago. These programs include LEAP Programming for Middle to High School Ages: Language for Scholars, Early Childhood Language & Literacy Programming, and Language and Literacy Tools for Parents and…

$256Kprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CLeap Learning Systems
EINHdr · item D36-3940161
Principal addressHdr · item CChicago, IL
WebsiteHdr · item Jwww.leapempowers.org
Year of formationHdr · item Lpending
State of legal domicileHdr · item MIL
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFEducation (B90)
Ruling yearIRS BMFDec 2015

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a12
Independent voting membersPt VI · Ln 1b12
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13Yes
Document retention policyPt VI · Ln 14No
CEO/top-official compensation independently reviewedPt VI · Ln 15aYes
Family or business relationships among officers/directorsPt VI · Ln 2Yes

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
Executive Director
$85,314Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A

Nina Smith’s $97K as Executive Director is at the 82nd percentile of top reported officer pay among 1616 $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 · 1 named individual · Part VII

NameFY2024FY2023FY2022FY2021FY2020
Nina Smith$97,283$101,063$92,495$89,328$85,314

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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Statement of Revenue

Part VIII
Contributions & grants$391K · 87%
Program service revenue$59K · 13%
Contributions & grants87%$391K
Program service revenue13%$59K
Investment income$26
Total revenueLn 12$450K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.64 Management & general $0.23 Fundraising $0.13
Program services64%$256K
Management & general23%$90K
Fundraising13%$51K
Total functional expensesLn 25$397K

Balance Sheet

Part X · end of year
CashLn 1$61K
Total assetsLn 16$137K
Total liabilitiesLn 26$33K
Total net assetsLn 32$104K
Months of cash on handcomputed1.9

Financial Metrics

Form 990 · FY2020 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $61K · Operating expenses/yr $397K
1.9 months
Where the money goes
Program services
Program services $256K · Total expenses $397K
64%
Management & General
Management & general $90K · Total expenses $397K
23%
Fundraising
Fundraising $51K · Total expenses $397K
13%
Cost to raise $1
Fundraising expense $51K · Solicited contributions $391K
$0.13 to raise $1
Where the money comes from
Contribution dependence
Contributions & grants $391K · Total revenue $450K
87%
Government reliance
Government grants — · Total revenue $450K
Earned-income share
Program service revenue $59K · Total revenue $450K
13%
Investment reliance
Investment income $26 · Total revenue $450K
<0.01%
Program self-sufficiency
Program service revenue $59K · Total expenses $397K
15%
Growth & trend
Revenue growth (YoY)
This year $450K · Prior year —
No prior year on file
Net-asset trend (YoY)
End of year $104K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $450K · Expenses $397K
+12%
Liabilities-to-Assets
Total liabilities — · Total assets $137K
Net-asset ratio
Net assets $104K · Total assets $137K
76%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $137K
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Nina Smith · Reported title Executive Director · Highest reported compensation $85K · Total expenses $397K
21%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $172K · Total expenses $397K
43%
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 64%
Overhead ratio 23%
Fundraising cost ratio 13%
Legal fee ratio 0.05%
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
Total grants receivedfrom 2 funders$61K

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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 (Latest)$649K revenue · ⤓ 990 PDF
FY2023$540K revenue · ⤓ 990 PDF
FY2022$527K revenue · ⤓ 990 PDF
FY2021$516K revenue · ⤓ 990 PDF
FY2020$450K revenue · viewing · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2020IRS
Classification, formation year, addressIRS Business Master File
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