Great Leap Incorporated

Los Angeles, CA · Public charity (501(c)(3)) · Arts & Culture

✕ IRS exemption revoked
Revenue
$226K
+192% vs prior year
Spent
$123K
To programs
75%
Net assets
$232K
By yearFY2020–FY2022
Revenue
$226K
FY2022▲ +192%
Revenue by fiscal year
FY2020$124K
FY2021$77K
FY2022$226K
Net assets
$232K
FY2022▲ +80%
Net assets by fiscal year
FY2020$124K
FY2021$129K
FY2022$232K

From the FY2022 Form 990 · see the original

IRS revoked this organization's tax-exempt status on May 15, 2026

Status and standing

Is it real, and can you give to it?

Tax-deductible?
No — IRS exemption revoked
On the IRS revocation list.
Can I give now?
No — exemption revoked (2026-05-15)
On the IRS revocation list.
Filing up to date?
Last filed FY2022 — 4 yrs ago
Legal name (IRS)Hdr · item CGreat Leap Incorporated
EINHdr · item D95-3337990
Exempt statusHdr · item IRevoked
Ruling yearIRS BMFMar 1979
Latest filingForm 990FY2022 · Form 990
Principal addressHdr · item CLos Angeles, CA
NTEE classificationIRS BMFArts & Culture (A230)
WebsiteHdr · item Jwww.greatleap.org

Where the money goes

What each dollar paid for.

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.75 Management & general $0.19 Fundraising $0.06
Program services75%$92K
Management & general19%$23K
Fundraising6%$8K
Total functional expensesLn 25$123K

Financial health

Is it on solid ground?

Program efficiency
75%
of spending reaches programs
Operating runway
23.0mo
months of highly liquid reserves at operating expense rate▲ +3% vs prior filing year
Surplus margin
+46%
revenue over expenses, this year▲ +699% vs prior filing year

Summary of the Filing

Part I · fiscal year 2022 · Form 990
Revenue less expensesPt I · Ln 19$104K
Total assetsPt X · Ln 16$235K
Program-expense ratioPt IX · col B75%
Voting members of governing bodyPt I · Ln 38
Independent voting membersPt I · Ln 47

Balance Sheet

Part X · end of year
CashLn 1$235K
Total assetsLn 16$235K
Total liabilitiesLn 26$2K
Total net assetsLn 32$232K
Months of cash on handcomputed23.0

Statement of Revenue

Part VIII
Contributions & grants$164K · 73%
Program service revenue$62K · 27%
Contributions & grants73%$164K
Program service revenue27%$62K
Investment income$3
— government grantsLn 1e$119K
Total revenueLn 12$226K

Financial Metrics

Form 990 · FY2022 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $235K · Operating expenses/yr $123K
23.0 months
Where the money goes
Program services
Program services $92K · Total expenses $123K
75%
Management & General
Management & general $23K · Total expenses $123K
19%
Fundraising
Fundraising $8K · Total expenses $123K
6%
Cost to raise $1
Fundraising expense $8K · Solicited contributions $45K
$0.17 to raise $1
Where the money comes from
Contribution dependence
Contributions & grants $164K · Total revenue $226K
73%
Government reliance
Government grants $119K · Total revenue $226K
53%
Earned-income share
Program service revenue $62K · Total revenue $226K
27%
Investment reliance
Investment income $3 · Total revenue $226K
<0.01%
Program self-sufficiency
Program service revenue $62K · Total expenses $123K
50%
Growth & trend
Revenue growth (YoY)
This year $226K · Prior year $77K
+192%
Net-asset trend (YoY)
End of year $232K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $226K · Expenses $123K
+46%
Liabilities-to-Assets
Total liabilities — · Total assets $235K
—
Net-asset ratio
Net assets $232K · Total assets $235K
99%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $235K
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Nobuko Miyamoto · Reported title Ex- Officio · Highest reported compensation $0 · Total expenses $123K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $4K · Total expenses $123K
3%
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 75%——
Overhead ratio 19%——
Fundraising cost ratio 5%——
Revenue growth 192%——
Investment management fee ratio 0%——
Legal fee ratio 0%——
Accounting fee ratio 4%——

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.

Leadership and pay

Who runs it, and what are they paid?

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
Ex- Officio
$0Pt VII · Sec A
$0Pt VII · Sec A
Vice-President
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A

Nobuko Miyamoto’s $18K as Ex Officio is at the 14th percentile of top reported officer pay among 2216 $100K–1M arts & culture 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

NameFY2021FY2020
Nobuko Miyamoto$18,000$7,500

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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Governance & Policies

Part VI
  • 8Voting board membersPt VI · Ln 1a
  • 7Independent board membersPt VI · Ln 1b
  • Conflict-of-interest policyPt VI · Ln 12aNo
  • Whistleblower policyPt VI · Ln 13No
  • Document retention policyPt VI · Ln 14No
  • Top official’s pay independently reviewedPt VI · Ln 15aNo
  • Family or business ties among leadersPt VI · Ln 2No

Mission and programs

What it does.

Fosters community understanding through art and artists.

Provided by the organization

This section is blank until Great Leap Incorporated claims this page.

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Mission & Programs · Part III

Where the work happens

1 program service account for $92K of program spending, described in the organization's own filed words · FY2022.
01

Great Leap artists shared artistic work, served as experts on panels online as well as live events. Great Leap artists were part of digital and live events commemorate the 80th Anniversary of US Executive Order 9066 that incarcerated Japanese Americans during World War II with Asahi TV and the Smithsonian Musemum.

$92Kprogram 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 · funders on record
Grants received · FY2024
Total grants receivedfrom 2 funders$16K

Filing history

Every return on file.

YearRevenueExpensesChangeFiling
FY2022 Latest Viewing $226K$123K+192% 990 PDF
FY2021 $77K—-37% 990 PDF
FY2020 $124K— 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

Not shown yet: ratings, outcomes, and peer benchmarks. A Form 990 doesn’t report them.

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2022IRS
Classification, formation year, addressIRS Business Master File
Names, privacy, and removal requests More

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