Overview
What is Leap Innovations?
Leap Innovations is a nonprofit organization situated in Chicago, Illinois. Their primary focus is on developing equitable personalized learning experiences for learners, aiming to help them reach their full potential. They achieve this by aligning students' needs, interests, and aspirations with community-based, in-person, and digital resources and programs. With a team of 30 dedicated individuals, Leap Innovations is committed to bridging the gap in learning opportunities, ensuring that each learner can thrive in their educational journey.
Official website here: www.leapinnovations.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 89% (Three-Star out of Four Stars)
Leap Innovations has received a Three-Star rating from Charity Navigator, reflecting a solid overall performance in accountability and finance. The rating is based solely on a single beacon score that emphasizes the organization's financial practices and governance. The charity boasts an impressive 87% of board members being independent, which is a positive sign of effective governance.
Among its strengths, Leap Innovations has established robust financial oversight measures, including an audit and oversight committee that scored perfectly. The organization also demonstrates transparency through a comprehensive conflict of interest policy and a whistleblower policy, which are vital for maintaining trust and integrity. Additionally, its liabilities to assets ratio indicates a healthy financial position.
However, there is room for improvement in its program expense ratio, which stands at 64.61%. While this is a reasonable figure, enhancing this percentage could further bolster the charity's impact and demonstrate a stronger commitment to program-related spending. Overall, Leap Innovations displays strong accountability practices but can continue to work on optimizing its resource allocation for maximum effectiveness.
This AI summary has been generated from information found on Charity Navigator.
Is Leap Innovations legitimate?
Leap Innovations is a legitimate nonprofit organization registered as a 501(c)(3) entity. Leap Innovations 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: $561,863
Professional Fundraising Fees: $0
Other Salaries and Wages: $1,151,956
For more financial information, click here
Official website here: www.leapinnovations.org
What is the mission statement of Leap Innovations?
Leap Innovations' mission is centered around creating equitable personalized learning experiences for learners, enabling them to reach their full potential. This mission is carried out by aligning the needs, interests, and aspirations of each student with a blend of community-based, in-person, and digital resources and programs. This approach aims to cater to the unique learning needs of each student, fostering an environment that allows them to thrive and maximize their academic achievements.
Official website here: www.leapinnovations.org
Who is the CEO of Leap Innovations?
Phyllis Lockett is the President & Ceo of Leap Innovations. The CEO's salary of Leap Innovations is $333,775 and their total compensation is $357,852.
Official website here: www.leapinnovations.org
What is the revenue of Leap Innovations?
Leap Innovations's revenue in 2022 was $3,776,988.
Official website here: www.leapinnovations.org
Who are the executives of Leap Innovations and what are their salaries?
The average compensation at Leap Innovations during 2022 was $57,127. There are 30 employees and 7 volunteers at Leap Innovations.
Here are 15 key members and their salaries (Leap Innovations's CEO's salary is $333,775 and their total compensation is $357,852):
- Compensation: $333,775
- Related: $0
- Other: $24,077
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $170,176
- Related: $0
- Other: $27,821
- Compensation: $110,746
- Related: $0
- Other: $10,004
- Compensation: $101,214
- Related: $0
- Other: $19,295
- Compensation: $153,352
- Related: $0
- Other: $12,029
- Compensation: $102,454
- Related: $0
- Other: $10,196
- Compensation: $110,304
- Related: $0
- Other: $9,431
Official website here: www.leapinnovations.org
Where can I find the form 990 for Leap Innovations?
Leap Innovations's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.leapinnovations.org
Learn more at the official website: www.leapinnovations.org
Mission Statement of Leap Innovations
Leap Innovations, as a nonprofit organization, is committed to creating equitable personalized learning experiences for learners to reach their full potential. This mission is achieved by aligning the needs, interests, and aspirations of each student with community-based, in-person, and digital resources and programs. The next-generation learning model developed by Leap Innovations aims to tailor education to the individual learner, ensuring that every student has the opportunity to thrive and realize their full potential. By leveraging a combination of traditional and technological resources, Leap Innovations is working towards an inclusive and transformative learning environment that empowers learners to succeed.
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Impact
July, 2024
Leap Innovations has a significant impact on the education sector by creating equitable personalized learning experiences for learners to reach their full potential. Their innovative approach to education aims to align the needs, interests, and ambitions of each student with community-based, in-person, and digital resources and programs. Based in Chicago, Illinois, Leap Innovations' mission is to revolutionize learning and ensure that every student has the opportunity to thrive through personalized education. Their work in human services is focused on transforming the educational landscape and empowering students to achieve academic success.
This information is meant to be a general summary of Leap Innovations. 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.
- Investment Income: $11,724
- Program Service Revenue: $51,784
- Gross Receipts: $3,776,988
Assets and Liabilities:
- Total Assets: $1,845,737
- Total Liabilities: $202,569
- Net Assets: $1,643,168
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
PILOT NETWORK FEES
Revenue
$51,784
Organization Details
Founding Year
2013
Phone
(312) 809-7029Principal Officer
Phyllis Lockett
Main Address
20 W KINZIE STREET 1500, CHICAGO, IL, 60654
Website
www.leapinnovations.orgNTEE Category
Code: P20 - Human services
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