Overview
What is The Leap Foundation Inc?
The Leap Foundation Inc, operating under the name The Leadership Excellence Accelerating Potential Foundation Inc, is a California-based nonprofit organization situated in Los Angeles. Their primary mission is to empower high school, college students, and recent graduates, offering them a competitive edge in their future careers and personal lives. They achieve this through an immersive one-week summer program at UCLA, which draws inspiration from the experiences of individuals who have achieved significant success. The curriculum focuses on instilling essential skills, such as leadership, career planning, and personal finance management, aiming to boost the confidence and capabilities of these young individuals. In 2011, their student body represented a diverse range of 43 U.S. states and six countries, including Canada. The Leap Foundation, Inc. is a non-profit organization dedicated to fostering mentorship relationships and supporting youth in their journey towards success.
Official website here: www.leapfoundationusa.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 43%
The Leap Foundation Inc has received a Zero-Star out of Four Star rating due to a low overall score of 43%. This score reflects significant concerns regarding its accountability and financial transparency. Notably, the organization lacks independent board members and fails to provide financial statements, which are critical for assessing financial health.
While the foundation has a strong program expense ratio of 69.88%, indicating that a substantial portion of its budget is allocated to its programs, other areas raise red flags. The absence of key policies such as a whistleblower policy and document retention suggests potential governance issues. Additionally, the liabilities to assets ratio is alarmingly high at 261.26%, highlighting concerns about long-term sustainability.
Overall, while The Leap Foundation may be directing a good portion of its funding toward its mission, the lack of transparency and governance practices poses risks for donors and stakeholders. Improved accountability measures and financial reporting are essential for this organization to enhance its credibility and effectiveness in the nonprofit sector.
This AI summary has been generated from information found on Charity Navigator.
What do the Facebook reviews say about The Leap Foundation Inc?
100% of 14 reviewers on Facebook recommend The Leap Foundation Inc. Here’s a summary of their thoughts:
The overall sentiment is overwhelmingly positive, highlighted by an environment that fosters personal growth and empowers individuals. Reviewers appreciate the uplifting atmosphere that the foundation creates, indicating that it not only focuses on sharing knowledge but also supports its members in achieving success.
In essence, The Leap Foundation Inc. successfully delivers on its commitment to enhancing the lives of its participants through a comprehensive approach to development and support.
This AI summary has been generated from reviews found on Facebook.
Is The Leap Foundation Inc legitimate?
The Leap Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Leap Foundation Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $145,833
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.leapfoundationusa.org
What is the mission statement of The Leap Foundation Inc?
The Leap Foundation's mission is centered around helping high school and college students, along with recent graduates, advance in their personal and professional lives. They achieve this by organizing a one-week summer program at UCLA, where the curriculum is based on the experiences of successful individuals. The primary goal is to teach essential skills, such as leadership, career planning, and financial management, and instill confidence in the participants. The foundation fosters mentor relationships and is committed to aiding today's youth in their success.
Official website here: www.leapfoundationusa.org
Who is the CEO of The Leap Foundation Inc?
Dr William Dorfman is the President of The Leap Foundation Inc.
Official website here: www.leapfoundationusa.org
What is the revenue of The Leap Foundation Inc?
The Leap Foundation Inc's revenue in 2022 was $717,070.
Official website here: www.leapfoundationusa.org
Who are the executives of The Leap Foundation Inc and what are their salaries?
The average compensation at The Leap Foundation Inc during 2022 was $72,916. There are 2 employees at The Leap Foundation Inc.
Here are 3 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $80,000
- Related: $0
- Other: $0
Official website here: www.leapfoundationusa.org
Where can I find the form 990 for The Leap Foundation Inc?
The Leap Foundation Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.leapfoundationusa.org
Learn more at the official website: www.leapfoundationusa.org
Mission Statement of The Leap Foundation Inc
The Leap Foundation, Inc., a California-based non-profit organization, is dedicated to assisting high school students, college attendees, and recent graduates in propelling their lives forward. Their mission is achieved through a week-long summer program held at UCLA, where the curriculum is shaped by the experiences of individuals who have achieved significant professional and personal success. The foundation's primary objective is to equip young adults with essential skills, such as assuming leadership roles, planning career paths, and managing personal finances. By fostering a supportive environment and cultivating mentor relationships, The Leap Foundation aims to instill in its participants the self-confidence necessary to excel in both their personal and professional lives.
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Impact
October, 2024
The Leap Foundation Inc. significantly impacts young adults by empowering them with essential leadership skills and practical knowledge that pave the way for personal and professional success. Through a series of engaging workshops, seminars, and diverse educational activities, the foundation targets students aged 15 to 24, equipping them with the tools needed to excel in competitive environments.
Participants gain insights into crucial areas such as career planning, financial management, and self-confidence, all crucial for navigating life beyond high school and college. By fostering a supportive community and encouraging mentor relationships, Leap helps students transition smoothly into adulthood, ensuring they stand out in job searches, internships, and academic pursuits.
Moreover, the foundation's reach extends across numerous states and countries, creating a diverse network of young leaders. The one-week summer program hosted at UCLA further consolidates this impact, offering attendees an immersive experience based on the successes of accomplished professionals. Overall, The Leap Foundation Inc. plays a vital role in shaping the futures of young adults, enabling them to achieve their goals and realize their potential.
This information is meant to be a general summary of The Leap Foundation Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Program Service Revenue: $90,164
- Gross Receipts: $717,070
Assets and Liabilities:
- Total Assets: $417,796
- Total Liabilities: $1,091,551
- Net Assets: -$673,755
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
CONFERENCE
Revenue
$90,164
Organization Details
Founding Year
2008
Phone
(877) 855-5327Principal Officer
Dr William Dorfman
Main Address
2080 CENTURY PARK EAST 415, LOS ANGELES, CA, 90067
Website
www.leapfoundationusa.orgNTEE Category
Code: B99 - Education
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