High Point Leap

IRS exemption revoked

High Point, NCUnknown exempt organization EIN 47-1219191Revenue $298K in FY2022Latest return filed May 18, 2023

On file with the IRShighpointleap.orgHigh Point, NC

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Our mission: our vision is to eradicate poverty through education, community resources and local solutions that empower youth and families to reach their dreams for a great life.High Point Leap (literacy empowers all people) is a grassroots, 501c3 nonprofit dropout intervention program dedicated to empowering children from cradle to college and families through literacy. We prepare children to graduate on-time, attend college if desired and become 21st century leaders. Leap also provides wraparound services for families year round.

Form 990 Part I, line 1, FY2022. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 47-1219191) · Dispute this line
88¢ of each $1 spent went to programs.
Run by 15 volunteers and 20 employees.
Mission: Form 990 Part I, line 1 · Programs: Part IX · People: Part I, lines 5–6

Before you give

FY2022 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
Revoked
IRS exemption revoked
The IRS revoked its tax exemption.
IRS Auto-Revocation List
Latest return
FY2022
latest Form 990
The latest return is for FY2022, 4 tax years back.
IRS e-file · Filing history
Spent on programs
88%
of spending
88% of spending went to programs.
Pt IX · Ln 25 · col B
1.2 mo
of spending, in cash
1.2 months of spending in cash.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $10K
1 funder names it on their filings.
Funders’ Sch. I, 990-PF
Liabilities
$0
0% of total assets
Liabilities are 0% of assets.
Pt X · Ln 26
Independent board members
10
of 11 voting members
10 of 11 voting members are independent.
Pt VI · Ln 1a–1b
Revenue
$298K
Spent
$280K
To programs
88%
Net assets
$50K

From the FY2022 Form 990 (year ending June 2022) · see the original

IRS revoked this organization's tax-exempt status on November 15, 2022

Is it real?

No. The IRS revoked its tax exemption. Latest filing on record: FY2022.

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

Where the money goes

88 cents of each dollar spent went to programs.

Program services 88% · $248K Management & general 10% · $29K Fundraising 1% · $3K

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

11 people listed on the 990.

Part VII, Section A · reportable compensation
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
President
$0Pt VII · Sec A
See High Point Leap executive salaries →

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 15aYes

Programs and updates

Empowers youth and families through literacy, education, and community resources to break the cycle of poverty.

Questions for High Point Leap

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1 program · $248K · in their own filed words · FY2021
01

Dropout intervention program dedicated to empowering children from cradle to college and families through literacy.

Form 990 Part III, line 4, FY2021. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 47-1219191) · Dispute this line
$248Kprogram expense

Funders

Who pays for it.

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

Grants

Schedule I · funders on record
Grants received · FY2023
Total grants receivedfrom 1 funder$10K

By the numbers

The FY2022 990, line by line.

1The main four
Money inPt VIII
$298K
Ln 12
Gifts and grantsLn 1h$298K
Money outPt IX
$280K
Ln 25
Programscol B$248K
Managementcol C$29K
Fundraisingcol D$3K
Owns and owesPt X
$50K
net assets · Ln 32
Cash and savingsLn 1–2$28K
Total assetsLn 16$50K
LiabilitiesLn 26$0
PeoplePt VI, VII
11
listed · VII A
PaidVII A0
Voting boardVI 1a11
IndependentVI 1b10
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$298K
Government grantsLn 1e$26K
Noncash giftsLn 1g$122K
Total revenueLn 12$298K
Assets in detailPt X, end of year
CashLn 1$28K
Cash and savings togetherLn 1–2$28K
Land, buildings, equipmentLn 10c$23K
Total assetsLn 16$50K
LiabilitiesLn 26$0
Net assetsLn 32$50K
OperationsPt I, VI
EmployeesI 520
VolunteersI 615
Fiscal year endsHeaderJune
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3More from this return
Abroad and in kindSch F, M
Noncash gifts receivedSch M Pt I$110K
4Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY22End FY22
Cash and savingsLn 1–2$8K$28K
Land, buildings, equipmentLn 10c$25K$23K
Total assetsLn 16$33K$50K
LiabilitiesLn 26$0$0
Net assetsLn 32$33K$50K
5Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Other salaries and wagesLn 7$100K$100K
Payroll taxesLn 10$9K$9K
Other fees for servicesLn 11g$8K$2K$6K
Advertising and promotionLn 12$3K$3K
Office expensesLn 13$8K$321$8K
Information technologyLn 14$5K$5K
OccupancyLn 16$600$600
Conferences, conventions and meetingsLn 19$2K$2K
Depreciation, depletion and amortizationLn 22$2K$2K$649
InsuranceLn 23$7K$7K
Other expenses (24a–d)Ln 24$134K$134K
Total functional expensesLn 25$280K$248K$29K$3K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2022 Latest ViewingFiled with the IRS May 18, 2023 $298K$280K$17K$50K 990 PDF

Schedules filed Part IV

I · Grants M · Noncash O · Explanations
See the full FY2022 990
Part I · Summary $297,756 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $199,002$297,756
I-9 Program service revenuePrior year $0$0
I-10 Investment incomePrior year $0$0
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $199,002$297,756
I-13 Grants and similar amounts paidPrior year $0$0
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $112,851$109,079
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $76,449$171,252
I-18 Total expensesPrior year $189,300$280,331
I-19 Revenue less expensesPrior year $9,702$17,425
Part VI · Governance 10 of 11 board members independent, 1 to look at
VI-1a Voting members of the governing body11
VI-1b Independent voting members10
VI-2 Family or business relationship among officers or directorsYes
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $297,756 across 5 lines filed
VIII-1e Government grants$26,500
VIII-1f All other contributions, gifts and grants$271,256
VIII-1g Noncash contributions (included above)$122,100
VIII-1h Total contributions, gifts and grants$297,756
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $0$297,756
Part IX · Statement of functional expenses $280,331 across 11 lines filed
IX-7 Other salaries and wagesPrograms $100,204$100,204
IX-10 Payroll taxesPrograms $8,875$8,875
IX-11g Other fees for servicesPrograms $2,400 · Management $5,990$8,390
IX-12 Advertising and promotionFundraising $3,036$3,036
IX-13 Office expensesPrograms $321 · Management $8,146$8,467
IX-14 Information technologyManagement $5,010$5,010
IX-16 OccupancyPrograms $600$600
IX-19 Conferences, conventions and meetingsManagement $2,045$2,045
IX-22 Depreciation, depletion and amortizationPrograms $1,779 · Management $649$2,428
IX-23 InsuranceManagement $7,443$7,443
IX-24 Other expenses (24a–d)Programs $133,833$133,833
IX-25 Total functional expensesPrograms $248,012 · Management $29,283 · Fundraising $3,036$280,331
Part X · Balance sheet $50,201 assets, 7 lines filed
X-1 Cash, non-interest-bearingStart of year $7,735$27,588
X-10c Land, buildings and equipment, netStart of year $25,041$22,613
X-16 Total assetsStart of year $32,776$50,201
X-26 Total liabilitiesStart of year $0$0
X-27 Net assets without donor restrictionsStart of year $32,776$50,201
X-32 Total net assets or fund balancesStart of year $32,776$50,201
X-33 Total liabilities and net assetsStart of year $32,776$50,201
Part XI · Reconciliation of net assets $50,201 net assets at year end
XI-1 Total revenue$297,756
XI-2 Total expenses$280,331
XI-3 Revenue less expenses$17,425
XI-4 Net assets at start of year$32,776
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$50,201

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

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