Overview
What is Nj Leep Inc?
Nj Leep Inc is a nonprofit organization based in Newark, New Jersey, specifically at 570 Broad Street 700. Their primary mission focuses on providing college access and success programs for low-income and first-generation students in the Greater Newark area. Through intensive after-school, Saturday, and summer programs, Nj Leep Inc empowers these students with academic and social-emotional skills, enabling them to excel in higher education and beyond. Since its inception, Nj Leep Inc has boasted an impressive track record, with 100% of its program graduates going on to complete high school and enroll in colleges, many of which are highly selective institutions. As of now, the organization employs 52 individuals.
Official website here: www.njleep.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 96% (Four-Star out of Four Stars)
Nj Leep Inc has achieved an impressive Four-Star rating from Charity Navigator, reflecting its strong commitment to accountability and effective financial management. The organization's high scores in multiple categories, particularly its perfect Impact Score and robust Program Expense Ratio, indicate a strong focus on delivering impactful programs and managing resources efficiently. The independent board structure and thorough financial oversight contribute to its overall positive evaluation.
Strengths of Nj Leep Inc include its 100% independent board members and excellent audit practices, which demonstrate a commitment to transparency and ethical governance. The organization also excels in program expense management, with nearly 70% of its spending directed towards program services. This level of financial diligence suggests that Nj Leep Inc effectively uses donations to further its mission, particularly in supporting college student success.
While the overall rating is high, the Accountability & Finance score, although strong at 56%, indicates room for improvement in transparency and operational efficiency compared to its impact scoring. Nonetheless, the organization’s dedication to its cause, as shown by its evaluation metrics, positions it as a reliable nonprofit focused on making a difference in the community it serves.
This AI summary has been generated from information found on Charity Navigator.
Is Nj Leep Inc legitimate?
Nj Leep Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Nj Leep 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: $161,656
Professional Fundraising Fees: $0
Other Salaries and Wages: $1,141,658
For more financial information, click here
Official website here: www.njleep.org
What is the mission statement of Nj Leep Inc?
NJ Leep Inc is a college access and success program primarily serving low-income and first-generation students in various grades. Its mission is to equip these students with the necessary academic and social-emotional skills to thrive in college and beyond. This is achieved through intensive after-school, Saturday, and summer programs. The organization's comprehensive approach aims to empower students, many of whom come from backgrounds with multiple risk factors for college matriculation and persistence. Since its inception, NJ Leep has seen impressive results, with 100% of its graduating class enrolling in college, many in highly selective institutions. Notably, this is significantly higher than the high school graduation rate in Newark public schools, which stood at 68% since 2011. The organization also tracks its graduates' college persistence rate, with over 85% currently enrolled or having completed their college education.
Official website here: www.njleep.org
Who is the CEO of Nj Leep Inc?
Matthew Feinstein is the Executive Dir. of Nj Leep Inc.
Official website here: www.njleep.org
What is the revenue of Nj Leep Inc?
Nj Leep Inc's revenue in 2022 was $2,236,917.
Official website here: www.njleep.org
Who are the executives of Nj Leep Inc and what are their salaries?
The average compensation at Nj Leep Inc during 2022 was $25,064. There are 52 employees and 250 volunteers at Nj Leep Inc.
Here are 22 key members and their salaries:
- Compensation: $161,656
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- Other: $13,482
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Official website here: www.njleep.org
Where can I find the form 990 for Nj Leep Inc?
Nj Leep Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.njleep.org
Learn more at the official website: www.njleep.org
Mission Statement of Nj Leep Inc
NJ Leep Inc, a college access and success program, serves low-income and first-generation students in the Greater Newark area. Their mission is to empower these students with the academic and social-emotional skills necessary to succeed in college and beyond. They achieve this through intensive after-school, Saturday, and summer programs. The organization's College Bound program is particularly noteworthy, as it has consistently shown remarkable results. Since its first graduating class in 2011, 100% of NJ Leep's program graduates have gone on to complete high school and enroll in college, many at prestigious institutions such as Amherst, Georgetown, Princeton, Rutgers, Smith, and the University of Chicago. In contrast, research indicates that since 2011, the high school graduation rate for students in Newark Public Schools has been 68%. Furthermore, NJ Leep also tracks the college persistence rate of its graduates, with over 85% currently enrolled in or having graduated from college.
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Impact
July, 2024
Nj Leep Inc has a significant impact on low-income and first-generation students in the greater Newark area by providing them with the necessary academic and social-emotional skills to succeed in college and beyond. Since the first graduating class in 2011, 100% of program graduates have successfully graduated from high school and enrolled in college, with many attending prestigious institutions such as Amherst, Georgetown, Princeton, Rutgers, Smith, and the University of Chicago.
In comparison to the average high school graduation rate of 68% in Newark public schools since 2011, Nj Leep Inc has been able to achieve a much higher success rate in guiding students through the college enrollment process. Additionally, over 85% of Nj Leep Inc graduates are currently enrolled in or have graduated from college, showing the program's effectiveness in supporting students throughout their higher education journey.
By focusing on empowering students who face various obstacles to college matriculation and persistence, Nj Leep Inc is making a profound impact on the educational outcomes and future opportunities of its participants, ultimately contributing to a more equitable and successful future for these individuals.
This information is meant to be a general summary of Nj Leep 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.
- Investment Income: $19,710
- Gross Receipts: $2,292,402
Assets and Liabilities:
- Total Assets: $3,562,427
- Total Liabilities: $200,854
- Net Assets: $3,361,573
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Organization Details
Founding Year
2006
Phone
(973) 297-1555Principal Officer
Matthew Feinstein
Main Address
570 BROAD STREET 700, NEWARK, NJ, 07102
Website
www.njleep.orgNTEE Category
Code: B92 - Education
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