Great Leap Incorporated in Los Angeles, California (CA)
Table of contents:
Great Leap Incorporated | |
Employer Identification Number (EIN) | 953337990 |
Name of Organization | Great Leap Incorporated |
Address | 1730 W Olympic Blvd Ste 300, Los Angeles, CA 90015-1007 |
Activities | Other inner city or community benefit activities, Cultural performances |
Ruling Date | 03/1979 |
Deductibility | Contributions are deductible |
Foundation | Organization which receives a substantial part of its support from a governmental unit or the general public |
Organization | Corporation |
Exempt Organization Status | Unconditional Exemption |
Tax Period | 12/2013 |
Assets | $10,000 to $24,999 |
Income | $100,000 to $499,999 |
Filing Requirement | 990 (all other) or 990EZ return |
Asset Amount | $16,624 |
Amount of Income | $133,762 |
Form 990 Revenue Amount | $133,762 |
National Taxonomy of Exempt Entities (NTEE) | Arts, Culture and Humanities: Cultural, Ethnic Awareness |
Non-representatives - add comments:
Amount of income in 2013: $133,762 (it was $97,574 in 2012)
This organization: | $133,762 |
Other organizations performing similar types of work: | $120,360 |
Assets in 2013: $16,624 (it was $4,950 in 2012)
This organization: | $16,624 |
Other organizations performing similar types of work: | $169,282 |
Expenses in 2013: $98,848
Great Leap Incorporated: | $98,848 |
Other organizations performing similar types of work: | $104,111 |
Income to expenses ratio in 2013: 1.4
Great Leap Incorporated: | 1.4 |
Other organizations performing similar types of work: | 1.1 |
Grants share in income in 2013: 75.0%
Great Leap Incorporated: | 75.0% |
Other organizations performing similar types of work: | 0.0% |
Revenue for 2013
Support schedule
Revenue, Expenses, and Changes in Net Assets or Fund Balances | ||||
2010 | 2011 | 2012 | 2013 | |
---|---|---|---|---|
Total revenue | $149,037 | $142,913 | $97,574 | $133,762 |
Contributions, gifts, grants, and similar amounts received | $133,560 | $109,856 | $73,302 | $100,340 |
Program service revenue including government fees and contracts | $15,475 | $33,057 | $24,249 | $33,422 |
Membership dues and assessments | $0 | $0 | $0 | $0 |
Investment income | $2 | $0 | $23 | $0 |
Gain/Loss from sale of assets other than inventory | $0 | $0 | $0 | $0 |
Net income/loss from gaming and fundraising events | $0 | $0 | $0 | $0 |
Gross profit/loss from sales of inventory | $0 | $0 | $0 | $0 |
Other revenue | $0 | $0 | $0 | $0 |
Total expenses | $146,567 | $119,258 | $147,045 | $98,848 |
Total net assets | $7,526 | $31,181 | $-18,290 | $16,624 |
Excess/Deficit for the year | $2,470 | $23,655 | $-49,471 | $34,914 |
Net assets or fund balances at beginning of year | $5,054 | $7,526 | $31,181 | $-18,290 |
Other changes in net assets or fund balances | $2 | $0 | $0 | $0 |
Net assets or fund balances at end of year | $-18,290 | $16,624 |
Balance Sheets | ||||
2010 | 2011 | 2012 | 2013 | |
---|---|---|---|---|
Total assets | $13,503 | $33,466 | $4,950 | $16,624 |
Total liabilities | $5,977 | $2,285 | $23,240 | $0 |
Net assets or fund balances | $7,526 | $31,181 | $-18,290 | $16,624 |
Other Information | ||||
2010 | 2011 | 2012 | 2013 | |
---|---|---|---|---|
Did the organization engage in any significant activity not previously reported to the IRS? | No | No | ||
Were any significant changes made to the organizing or governing documents? | No | No | ||
Did the organization have unrelated business gross income of $1,000 or more during the year from business activities | No | No | No | No |
Has the organization filed a Form 990-T for the year? | No | No | ||
Did the organization undergo a liquidation, dissolution, termination, or significant disposition of net assets during the year? | No | No | ||
Amount of political expenditures, direct or indirect | $0 | $0 | ||
Did the organization file Form 1120-POL for this year? | No | No | ||
Did the organization borrow from, or make any loans to, any officer, director, trustee, or key employee or were any such loans made in a prior year and still outstanding at the end of the tax year covered by this return? | No | No | ||
Total amount involved | $0 | $0 | ||
Initiation fees and capital contributions | $0 | $0 | $0 | $0 |
Gross receipts for public use of club facilities | $0 | $0 | $0 | $0 |
Did the organization engage in any section 4958 excess benefit transaction during the year, or did it engage in an excess benefit transaction in a prior year that has not been reported on any of its prior Forms 990 or 990-EZ? | No | No | ||
At any time during the tax year, was the organization a party to a prohibited tax shelter transaction? | No | No |
Reason for Public Charity Status (for 2013) | |
The organization is not a private foundation because it is: | An organization that normally receives: (1) more than 33 1/3 % of its support from contributions, membership fees, and gross receipts from activities related to its exempt functions - subject to certain exceptions, and (2) no more than 33 1/3 % of its support from gross investment income and unrelated business taxable income (less section 511 tax) from businesses acquired by the organization after June 30, 1975 |
Number of organizations supported | 0 |
Sum of amounts of support | $0 |
Support Schedule for Organizations Described in Section 509(a)(2) (for 2009 - 2013) | |
2009 - 2013 Total | |
---|---|
Public support | $640,739 |
Subtotal | $640,739 |
Gifts, grants, contributions, and membership fees received | $515,465 |
Gross receipts from admissions, merchandise sold or services performed, or facilities furnished in any activity that is related to the organization's tax-exempt purpose | $125,274 |
Gross receipts from activities that are not an unrelated trade or business under section 513 | $0 |
Tax revenues levied for the organization's benefit and either paid to or expended on its behalf | $0 |
The value of services or facilities furnished by a governmental unit to the organization without charge | $0 |
Less | $0 |
Amounts received from disqualified persons | $0 |
Amounts received from other than disqualified persons that exceed the greater of $5,000 or 1% of the total support | $0 |
Total support | $641,061 |
Public support | $640,739 |
Subtotal | $322 |
Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources | $322 |
Unrelated business taxable income (less section 511 taxes) from businesses acquired after June 30, 1975 | $0 |
Net income from unrelated business activities, whether or not the business is regularly carried on | $0 |
Other income | $0 |
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Organizations performing similar types of work | |||||
Id | Name | Address | State | Established | Total Income |
---|---|---|---|---|---|
1 | San Diego Center For Jews Culture | 4126 Executive Dr, La Jolla, CA 92037-1348 | CA | 1999-11 | $2,034,241 |
2 | Russian Center Of San Francisco | 32450 Sutter St, San Francisco, CA 94115 | CA | 1994-06 | $927,897 |
3 | Shoong Family Chinese Cultural Center | 316 9th St, Oakland, CA 94607-4212 | CA | 1950-01 | $703,599 |
4 | Taiwanese United Fund Jen-Shung Lin Pres | 3001 Walnut Grove Ave Ste 7, Rosemead, CA 91770-2785 | CA | 1988-12 | $639,883 |
5 | Taiwanese-American Foundation Of San Diego | 7838 Wilkerson Ct, San Diego, CA 92111-3606 | CA | 1997-01 | $446,109 |
6 | Tibetan Association Of Northern California | 5200 Huntington Ave Ste 200, Richmond, CA 94804-5457 | CA | 2000-05 | $410,003 |
7 | Sakura Matsuri Inc | 1759 Sutter St, San Francisco, CA 94115-3217 | CA | 1994-07 | $363,048 |
8 | Sociedade Filarmonica Nova Alianca | 37 N 27th St, San Jose, CA 95116-1117 | CA | 1975-09 | $285,655 |
9 | Taikoproject | 505 E 3rd St, Los Angeles, CA 90013-1720 | CA | 2009-03 | $257,095 |
10 | Silicon Valley Chinese School | PO BOX 700762, San Jose, CA 95170-0762 | CA | 1985-08 | $225,177 |
11 | United Chinese Learning Center | 8817 Cardinal Ave, Fountain Vly, CA 92708-6303 | CA | 1990-04 | $212,284 |
12 | San Diego Chinese Academy | PO BOX 910093, San Diego, CA 92191-0093 | CA | 1989-02 | $198,802 |
13 | San Fernando Valley Chinese Cultural Association | 16860 Kinzie St, Northridge, CA 91343-1748 | CA | 1978-05 | $167,004 |
14 | South Bay Chinese Culture Assoc | PO BOX 2611, Pls Vrds Pnsl, CA 90274-8611 | CA | 1982-07 | $160,353 |
15 | Torrance Chinese School | 4733 Torrance Blvd 258, Torrance, CA 90503-4100 | CA | 1990-08 | $150,304 |
16 | Centro Cultural De Mexico En El Condado De Orange | PO BOX 11345, Santa Ana, CA 92711 | CA | 1999-09 | $136,518 |
17 | San Jose Chinese School | PO BOX 20516, San Jose, CA 95160-0516 | CA | 1983-12 | $133,692 |
18 | St Johns Festa Inc | PO BOX 126, Snelling, CA 95369-0126 | CA | 2000-09 | $120,607 |
19 | San Mateo Nippon Gakyuen | 218 Briar Ln, San Mateo, CA 94403-3342 | CA | 1964-02 | $102,932 |
20 | Solvang Danish Days Foundation | PO BOX 1424, Solvang, CA 93464-1424 | CA | 2003-09 | $92,553 |
Number of organizations performing similar types of work | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Total | 1,085 |
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