Leap Year INC EIN 81-1224809

Leap Year INC

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Prepares talented young students for college and leadership to break the cycle of poverty. For fiscal year 2025 it reported $554K in revenue, $753K in expenses, and $156K in net assets.Pt I

Type
Public charity (501(c)(3)) · Education
Location
Atlanta, GA
Website
www.theleapyear.org
Filings
5 on file (2021–2025)
Revenue
$554KFY2025
Expenses
$753K
Net assets
$156K
People
13
Filings
5
Updates
0
More identity details & actions ⌄
EIN  81-1224809 Public charity (501(c)(3)) Atlanta, GA
Form 990 (PDF)
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Size
$100K–1M
What they do
Prepares talented young students for college and leadership to break the cycle of poverty.
Leadership
Amber Scott · Executive Di · $97K
Money in and out
$554K revenue, $753K expenses
Bottom line
81% program efficiency
Where the money goes · FY2025
Total revenue
$554K
Pt VIII · Ln 12
Total expenses
$753K
Pt IX · Ln 25
Net assets
$156K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): −$198K
Where spending went · Part IX cols B–D
Program services $0.81 Management & general $0.17 Fundraising $0.01
Program efficiency
81%
of spending reaches programs▲ +7% vs prior filing year
Operating runway
2.1mo
months of highly liquid reserves at operating expense rate▼ -64% vs prior filing year
Surplus margin
-36%
revenue over expenses, this year▼ -250% vs prior filing year

Summary of the Filing

Part I · fiscal year 2025 · Form 990
Revenue
$554K
FY2025▼ -3%
Expenses
$753K
FY2025▲ +20%
Total assets
$169K
FY2025▼ -56%
Total liabilities
$13K
FY2025▼ -51%
Total revenue
$554K
Pt VIII · Ln 12
Total expenses
$753K
Pt IX · Ln 25
Net assets
$156K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19−$198K
Total assetsPt X · Ln 16$169K
Program-expense ratioPt IX · col B81%
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 $612K of program spending, described in the organization's own filed words · FY2024.
01

Leap year is a nonprofit organization that is improving college success and literacy results in metro-atlanta by recruiting first generation high school graduates to serve as second grade reading coaches through our year long community service and college readiness program.

$612Kprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CLeap Year INC
EINHdr · item D81-1224809
Principal addressHdr · item CAtlanta, GA
WebsiteHdr · item Jwww.theleapyear.org
Year of formationHdr · item Lpending
State of legal domicileHdr · item MGA
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFEducation (B92)
Ruling yearIRS BMFSep 2016

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 12aNo
Whistleblower policyPt VI · Ln 13No
Document retention policyPt VI · Ln 14No
CEO/top-official compensation independently reviewedPt VI · Ln 15aNo
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation · most recent filed roster (FY2024); the FY2025 filing did not itemize Part VII
Executive Di
$96,918Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A

Amber Scott’s $97K as Executive Di 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

NameFY2025FY2024FY2023FY2022FY2021
Amber Scott$96,918$85,000$73,350$63,933$54,400

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$546K · 98%
Other revenue$9K · 2%
Contributions & grants98%$546K
Other revenue2%$9K
— government grantsLn 1e$100K
Total revenueLn 12$554K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.81 Management & general $0.17 Fundraising $0.01
Program services81%$612K
Management & general17%$131K
Fundraising1%$10K
Total functional expensesLn 25$753K

Balance Sheet

Part X · end of year
CashLn 1$134K
Total assetsLn 16$169K
Total liabilitiesLn 26$13K
Total net assetsLn 32$156K
Months of cash on handcomputed2.1

Financial Metrics

Form 990 · FY2025 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $134K · Operating expenses/yr $753K
2.1 months
Where the money goes
Program services
Program services $612K · Total expenses $753K
81%
Management & General
Management & general $131K · Total expenses $753K
17%
Fundraising
Fundraising $10K · Total expenses $753K
1%
Cost to raise $1
Fundraising expense (3-yr avg) $15K · Solicited contributions (3-yr avg) $467K
$0.03 to raise $1 (3-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $546K · Total revenue $554K
98%
Government reliance
Government grants $100K · Total revenue $554K
18%
Earned-income share
Program service revenue $0 · Total revenue $554K
0%
Investment reliance
Investment income $0 · Total revenue $554K
0%
Program self-sufficiency
Program service revenue $0 · Total expenses $753K
0%
Growth & trend
Revenue growth (YoY)
This year $554K · Prior year $570K
-3%
Revenue CAGR
FY2020 $443K · FY2024 $554K
+6%
Net-asset trend (YoY)
End of year $156K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $554K · Expenses $753K
-36%
Liabilities-to-Assets
Total liabilities — · Total assets $169K
Net-asset ratio
Net assets $156K · Total assets $169K
92%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $169K
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Amber Scott · Reported title EXECUTIVE DI · Highest reported compensation $97K · Total expenses $753K
13%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $474K · Total expenses $753K
63%
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 81%
Overhead ratio 17%
Fundraising cost ratio 2%
Revenue growth -3%
Accounting fee ratio 3%

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 · received and paid
Grants received · FY2024
See all 17 funders →
Grants paid · 5 grants · $543K · 2020–2024
Unitemized GrantFY2024$174,667
Unitemized GrantFY2023$120,233
Unitemized GrantFY2022$191,950
Unitemized GrantFY2021$38,644
Unitemized GrantFY2020$17,781

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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
FY2025 (Latest)$554K revenue · viewing · ⤓ 990 PDF
FY2024$570K revenue · ⤓ 990 PDF
FY2023$720K revenue · ⤓ 990 PDF
FY2022$471K revenue · ⤓ 990 PDF
FY2021$443K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2025IRS
Classification, formation year, addressIRS Business Master File
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