Overview
What is Leap Social Enterprise Inc?
Leap Social Enterprise Inc, located at 21 Regan Lane, Voorhees, New Jersey, is a nonprofit organization with a mission to establish and operate a charter K-12 school in Puerto Rico. With a team of 80 employees, they focus on acquiring and administering grants from the Department of Education and other institutions to realize this goal. Their core activity revolves around education in Puerto Rico, and their efforts are geared towards setting up and managing a charter school to make a positive impact on students' lives.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 75% (Three-Star out of Four Stars)
Leap Social Enterprise Inc has received a Three-Star rating from Charity Navigator, indicating a solid performance in accountability and finance. The organization demonstrates a strong commitment to transparency and governance, with 100% independent board members and rigorous policies in place, such as a whistleblower and conflict of interest policy. The high program expense ratio of 97.35% suggests that a significant portion of its funds is directed towards its programs, reflecting effective use of resources.
The evaluation highlights no material diversions of assets and an impressive liabilities to assets ratio of 45.05%, which points to a sound financial structure. These strengths contribute to the organization's overall accountability, which is crucial for maintaining donor trust and engagement. However, the rating is based solely on the accountability and finance beacon, which means other aspects of the organization’s operations, such as program impact and community feedback, are not assessed in this score.
While Leap Social Enterprise Inc shows robust financial health and governance practices, potential donors and stakeholders may want to seek additional information regarding the organization's overall effectiveness and impact on the community it serves.
This AI summary has been generated from information found on Charity Navigator.
Is Leap Social Enterprise Inc legitimate?
Leap Social Enterprise Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Leap Social Enterprise 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: $85,833
Professional Fundraising Fees: $0
Other Salaries and Wages: $2,228,959
For more financial information, click here
What is the mission statement of Leap Social Enterprise Inc?
Leap Social Enterprise Inc is dedicated to providing quality education through the establishment and operation of a charter school. Their mission is centered around this goal, with a focus on setting up a K-12 institution in Puerto Rico. The organization is actively pursuing and managing grants from the Department of Education and other funding sources to make this vision a reality. Leap Social Enterprise Inc is committed to providing an educational environment conducive to academic growth and success. By establishing a charter school, they aim to offer innovative learning opportunities and improve access to quality education for students.
Who is the CEO of Leap Social Enterprise Inc?
Gloria Bonilla is the Ceo of Leap Social Enterprise Inc. The CEO's salary of Leap Social Enterprise Inc is $85,833 and their total compensation is $85,833.
What is the revenue of Leap Social Enterprise Inc?
Leap Social Enterprise Inc's revenue in 2022 was $12,087,222.
Who are the executives of Leap Social Enterprise Inc and what are their salaries?
The average compensation at Leap Social Enterprise Inc during 2022 was $28,935. There are 80 employees at Leap Social Enterprise Inc.
Here are 9 key members and their salaries (Leap Social Enterprise Inc's CEO's salary is $85,833 and their total compensation is $85,833):
- Compensation: $85,833
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- Other: $0
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Where can I find the form 990 for Leap Social Enterprise Inc?
Leap Social Enterprise Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Leap Social Enterprise Inc
Leap Social Enterprise Inc, a dedicated organization, is on a mission to establish and operate a charter school in Puerto Rico. This mission is centered around education, with the primary goal of providing quality learning opportunities for students in the region. The organization is determined to obtain and administer grants from the Department of Education and other relevant sources to bring this vision to life.
Leap Social Enterprise Inc's efforts extend beyond just setting up a charter school. The organization is deeply committed to making a difference in the lives of Puerto Rican students, aiming to create an educational institution that will inspire and empower the next generation. Through its work, Leap Social Enterprise Inc hopes to contribute to the ongoing development of Puerto Rico and provide opportunities for growth and success to those within its community.
The organization's dream is to create a K-12 educational environment that fosters a love for learning and prepares students for the future. With a strong focus on education, Leap Social Enterprise Inc is poised to make a significant impact on the lives of its students and the community as a whole. The organization's unwavering commitment to this mission is sure to pave the way for a brighter future for many in Puerto Rico.
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Impact
October, 2024
Leap Social Enterprise Inc has a significant impact on education by establishing and operating charter schools in Puerto Rico. By administering grants from the Department of Education and other sources, the organization is dedicated to enhancing educational opportunities for students in the region. Their efforts focus on creating high-quality K-12 educational environments that foster learning and growth, ultimately contributing to the overall improvement of the educational landscape in Puerto Rico. Through these initiatives, Leap Social Enterprise Inc helps empower students and communities, addressing educational disparities and promoting access to quality education.
This information is meant to be a general summary of Leap Social Enterprise 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.
- Gross Receipts: $12,087,222
Assets and Liabilities:
- Total Assets: $8,660,724
- Total Liabilities: $3,902,511
- Net Assets: $4,758,213
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Organization Details
Founding Year
2017
Phone
(856) 905-6515Principal Officer
Gloria Bonilla
Main Address
21 REGAN LN, VOORHEES, NJ, 08043
NTEE Category
Code: B02 - Education
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