Overview
What is Leap Year Inc?
Leap Year Inc, a nonprofit organization situated in Atlanta, Georgia, focuses on enhancing college success and literacy results in the metro-Atlanta area. The organization achieves this goal by recruiting first-generation high school graduates to serve as reading coaches for second-grade students. During the 2022-2023 school year, 25 Leap Year Fellows supported over 375 students at three schools, leading to improved reading skills for the students and preparing the fellows for further education. Leap Year Inc's mission is to empower young, talented students by equipping them with the necessary skills to attend college and break the cycle of poverty. With a dedicated workforce of 54 individuals, Leap Year Inc has a positive impact on the local community, fostering academic growth and potential in its students.
Official website here: www.theleapyear.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 67% (Two-Star out of Four Star rating)
Leap Year Inc has received a Two-Star rating from Charity Navigator, reflecting an overall score of 67%. The rating indicates that while the organization performs well in areas like board independence and financial health, there are significant gaps in its accountability and transparency practices. The charity has a strong structure, with a fully independent board and no material diversion of assets reported.
Strengths of Leap Year Inc include its high percentage of independent board members and solid financial practices, with a program expense ratio of over 68%. This suggests that a significant portion of funds is allocated towards its programs rather than administrative costs. However, the organization lacks essential policies such as a conflict of interest policy and whistleblower policy, which negatively impacts its accountability score.
Overall, while Leap Year Inc demonstrates some positive attributes in governance and financial operations, the absence of key accountability measures raises concerns about its transparency and ethical practices. Continued improvement in these areas would enhance its overall rating and credibility as a nonprofit organization.
This AI summary has been generated from information found on Charity Navigator.
Is Leap Year Inc legitimate?
Leap Year Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Leap Year 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: $73,350
Professional Fundraising Fees: $0
Other Salaries and Wages: $221,455
For more financial information, click here
Official website here: www.theleapyear.org
What is the mission statement of Leap Year Inc?
Leap Year Inc, a nonprofit organization, strives to prepare talented young students from disadvantaged backgrounds to reach their academic and leadership potential by attending college. The primary objective is to break the cycle of poverty. Leap Year achieves this mission by recruiting first-generation high school graduates to serve as second-grade reading coaches through a community service and college readiness program. During the 2022-2023 school year, 25 fellows supported over 375 students at three schools, with teachers reporting favorable feedback about having fellows in the classroom and acknowledging Leap Year's support for their reading programs. Leap Year's evidence-based academic curriculum, coupled with the dedication of its program managers, contributes to improving the reading skills of second-grade students, while the fellows prepare to succeed in higher education.
Official website here: www.theleapyear.org
Who is the CEO of Leap Year Inc?
Amber Scott is the Executive Di of Leap Year Inc.
Official website here: www.theleapyear.org
What is the revenue of Leap Year Inc?
Leap Year Inc's revenue in 2023 was $720,244.
Official website here: www.theleapyear.org
Who are the executives of Leap Year Inc and what are their salaries?
The average compensation at Leap Year Inc during 2023 was $5,459. There are 54 employees and 25 volunteers at Leap Year Inc.
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Official website here: www.theleapyear.org
Where can I find the form 990 for Leap Year Inc?
Leap Year Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.theleapyear.org
Learn more at the official website: www.theleapyear.org
Mission Statement of Leap Year Inc
Leap Year Inc, a nonprofit organization, is committed to empowering young, gifted students by helping them realize their academic and leadership potential. This is achieved through their mission to prepare these individuals to attend college and break the cycle of poverty. The organization operates a community service and college readiness program, recruiting first-generation high school graduates to serve as second-grade reading coaches. During the 2022-2023 school year, Leap Year Inc placed 25 fellows in three schools: Slater Elementary, Harper-Archer Elementary School, and Barack and Michelle Obama Academy. The teachers at these partner schools appreciated having fellows in the classroom, as they felt that Leap Year Inc supported their reading program. Leap Year Inc's evidence-based academic curriculum, combined with the dedication of their talented program managers, resulted in significant improvements in the reading skills of second-grade students, and their fellows were well-prepared to succeed at Georgia State University.
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Impact
July, 2024
Leap Year Inc's impact is significant in improving college success and literacy results in metro Atlanta. By recruiting first-generation high school graduates to serve as second-grade reading coaches through their year-long community service and college readiness program, Leap Year has positively impacted over 375 students at three partner schools in the 2022-2023 school year.
Teachers at these schools have reported that having Leap Year fellows in the classroom supports their reading program. Through evidence-based academic curriculum and the dedication of talented program managers, Leap Year fellows have helped improve the reading skills of second-grade students. As a result, these students are better prepared to succeed, with many of the fellows going on to start their college journey at Georgia State University.
Leap Year Inc's work is not just about improving academic outcomes but also about breaking the cycle of poverty by preparing young, talented students to reach their academic and leadership potential. Their impact extends beyond the individual students they serve, influencing the broader community and helping to create a brighter future for all involved.
This information is meant to be a general summary of Leap Year 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 2023.
- Gross Receipts: $720,244
Assets and Liabilities:
- Total Assets: $445,847
- Total Liabilities: $33,721
- Net Assets: $412,126
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Organization Details
Founding Year
2017
Phone
(404) 500-9946Principal Officer
Amber Scott
Main Address
352 UNIVERSITY AVE SW S-123, ATLANTA, GA, 30310
Website
www.theleapyear.orgNTEE Category
Code: B92 - Education
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