Overview
What is Leadersup?
Leadersup is a nonprofit organization situated in Los Angeles, California. Its primary mission is to bridge the gap between the untapped potential of young individuals and the business challenge of acquiring and retaining top talent. To achieve this, Leadersup functions as a labor market intermediary, fostering alignment among various stakeholders to drive sustainable impact and systems change. This involves creating an "opportunity market" that addresses short- and long-term talent requirements of employers, enhances the efficiency of the talent development network, and provides training and support to young people, helping them maximize their potential throughout their employment journey. Leadersup operates in collaboration with a network of corporate, public sector, and community partners to build a more inclusive economy, investing in and hiring underemployed or unemployed young adults.
Official website here: www.leadersup.org
What are the reviews and ratings of this charity?
Charity Navigator rating: 57% (One-Star out of Four Stars)
LeadersUp holds a One-Star rating from Charity Navigator, indicating significant concerns regarding its accountability and financial practices, scoring only 52 in this category. Despite a strong program expense ratio of 85.83%, the lack of independent board members raises questions about governance and oversight. The financial transparency is also a concern, as no financial statements are available, which limits potential donors' visibility into the organization's financial health.
On a positive note, LeadersUp excels in its culture and community score, achieving a perfect 100. This suggests that the organization has a commendable commitment to fostering inclusivity and support within its community initiatives. Additionally, the organization has robust policies in place, such as a conflict of interest policy and whistleblower protection, which reflect a commitment to ethical standards.
However, the organization's financial stability appears fragile, indicated by a high liabilities-to-assets ratio of 93.17% and a working capital ratio of only 0.02 years. These figures suggest potential challenges in meeting short-term obligations, raising further concerns for potential donors and stakeholders about the organization's long-term sustainability and operational efficacy.
This AI summary has been generated from information found on Charity Navigator.
Is Leadersup legitimate?
Leadersup is a legitimate nonprofit organization registered as a 501(c)(3) entity. Leadersup 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: $225,000
Professional Fundraising Fees: $0
Other Salaries and Wages: $1,289,010
For more financial information, click here
Official website here: www.leadersup.org
What is the mission statement of Leadersup?
Leadersup's primary mission is to bridge the gap between the untapped potential of young people and the business challenge of finding and retaining top talent. The organization operates as a labor market intermediary, working to align the needs of various stakeholders to drive sustainable impact and systems change. Leadersup focuses on creating an "opportunity market" that addresses the short and long-term talent needs of employers, maximizes the effectiveness of the talent development network, and provides training and support to young people to help them reach their full potential throughout their employment journey.
Official website here: www.leadersup.org
Who is the CEO of Leadersup?
Jeffery Wallace is the Chairwoman, Director of Leadersup. The CEO's salary of Leadersup is $225,000 and their total compensation is $225,000.
Official website here: www.leadersup.org
What is the revenue of Leadersup?
Leadersup's revenue in 2022 was $4,371,661.
Official website here: www.leadersup.org
Who are the executives of Leadersup and what are their salaries?
The average compensation at Leadersup during 2022 was $84,112. There are 18 employees at Leadersup.
Here are 12 key members and their salaries (Leadersup's CEO's salary is $225,000 and their total compensation is $225,000):
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- Compensation: $225,000
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Official website here: www.leadersup.org
Where can I find the form 990 for Leadersup?
Leadersup's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.leadersup.org
Learn more at the official website: www.leadersup.org
Mission Statement of Leadersup
Leadersup, a nonprofit organization, is committed to bridging the gap between the untapped potential of young individuals and the business challenge of finding and retaining top talent. Their primary mission is to create a more inclusive economy by collaborating with a network of corporate, public sector, and community partners. Leadersup serves as a labor market intermediary, working to align the needs of various stakeholders to drive sustainable impact and foster systems change.
The organization strives to create an "opportunity market" that caters to three main objectives. Firstly, Leadersup focuses on meeting the short- and long-term talent needs of employers. Secondly, they aim to maximize the effectiveness of the talent development network. Lastly, Leadersup provides training and support to young people, helping them to realize their full potential throughout their employment journey. By accomplishing these objectives, Leadersup contributes to driving sustainable impact and promoting systems change.
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Impact
July, 2024
Leadersup's impact is in creating a more inclusive economy by connecting young adults who are unemployed or underemployed with opportunities for employment and investment. By working closely with a network of corporate, public sector, and community partners, Leadersup serves as a labor market intermediary to align stakeholder needs and drive sustainable impact. The organization focuses on meeting the talent needs of employers, maximizing the effectiveness of talent development networks, and providing training and support to young people to help them reach their full potential in the workforce. Through these efforts, Leadersup bridges the gap between the untapped potential of young people and the business challenge of finding and retaining top talent.
This information is meant to be a general summary of Leadersup. 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: $917,236
- Gross Receipts: $4,371,661
Assets and Liabilities:
- Total Assets: $1,310,078
- Total Liabilities: $1,220,673
- Net Assets: $89,405
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
PROGRAM REVENUE
Revenue
$917,236
Organization Details
Founding Year
2012
Phone
(206) 956-4000Principal Officer
Jeffery Wallace
Main Address
PO BOX 862190, LOS ANGELES, CA, 900862190
Website
www.leadersup.orgNTEE Category
Code: O12 - Youth development
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