Leap Foundation Inc in Lansing, Michigan (MI)
Table of contents:
| Leap Foundation Inc | |
| Employer Identification Number (EIN) | 260206557 |
| Name of Organization | Leap Foundation Inc |
| Address | 1000 S Washington Ave, Lansing, MI 48910-1661 |
| Subsection | Charitable Organization |
| Ruling Date | 01/2008 |
| Deductibility | Contributions are deductible |
| Foundation | Organizations operated solely for the benefit of and in conjunction with organizations described in 10 through 16 above |
| Organization | Corporation |
| Exempt Organization Status | Unconditional Exemption |
| Tax Period | 12/2013 |
| Assets | $25,000 to $99,999 |
| Income | $100,000 to $499,999 |
| Filing Requirement | 990 (all other) or 990EZ return |
| Asset Amount | $31,536 |
| Amount of Income | $141,604 |
| Form 990 Revenue Amount | $141,604 |
| National Taxonomy of Exempt Entities (NTEE) | Community Improvement, Capacity Building: Single Organization Support |
Non-representatives - add comments:
Amount of income in 2013: $141,604 (it was $123,201 in 2012)
| This organization: | $141,604 |
| Other organizations performing similar types of work: | $77,925 |
Assets in 2013: $31,536 (it was $5,504 in 2012)
| This organization: | $31,536 |
| Other organizations performing similar types of work: | $54,860 |
Expenses in 2013: $141,572
| Leap Foundation Inc: | $141,572 |
| Other organizations performing similar types of work: | $44,826 |
Income to expenses ratio in 2013: 1.0
| Leap Foundation Inc: | 1.0 |
| Other organizations performing similar types of work: | 2.2 |
Grants share in income in 2013: 100.0%
| Leap Foundation Inc: | 100.0% |
| Other organizations performing similar types of work: | 69.7% |
Revenue for 2013
| Revenue, Expenses, and Changes in Net Assets or Fund Balances | |||
| 2011 | 2012 | 2013 | |
|---|---|---|---|
| Total revenue | $96,244 | $123,201 | $141,604 |
| Contributions, gifts, grants, and similar amounts received | $95,668 | $123,053 | $141,600 |
| Program service revenue including government fees and contracts | $0 | $0 | $0 |
| Membership dues and assessments | $0 | $0 | $0 |
| Investment income | $576 | $148 | $4 |
| Gain/Loss from sale of assets other than inventory | $0 | $0 | $0 |
| Net income/loss from gaming and fundraising events | $0 | $0 | $0 |
| Gross profit/loss from sales of inventory | $0 | $0 | $0 |
| Other revenue | $0 | $0 | $0 |
| Total expenses | $161,206 | $138,310 | $141,572 |
| Total net assets | $20,613 | $5,504 | $5,536 |
| Excess/Deficit for the year | $-64,962 | $-15,109 | $32 |
| Net assets or fund balances at beginning of year | $85,575 | $20,613 | $5,504 |
| Other changes in net assets or fund balances | $0 | $0 | $0 |
| Net assets or fund balances at end of year | $5,504 | $5,536 | |
| Balance Sheets | |||
| 2011 | 2012 | 2013 | |
|---|---|---|---|
| Total assets | $23,113 | $5,504 | $31,536 |
| Total liabilities | $2,500 | $0 | $26,000 |
| Net assets or fund balances | $20,613 | $5,504 | $5,536 |
| Other Information | |||
| 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 |
| 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 |
| Gross receipts for public use of club facilities | $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 organized and operated exclusively for the benefit of, to perform the functions of, or to carry out the purposes of one or more publicly supported organizations described in section 509(a)(1) or section 509(a)(2) |
| Number of organizations supported | 1 |
| Sum of amounts of support | $120,000 |
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| Organizations performing similar types of work | |||||
| Id | Name | Address | State | Established | Total Income |
|---|---|---|---|---|---|
| 1 | Schuyler County Human Servicesdevelopment Corporation | 105 Ninth St, Watkins Glen, NY 14891-1435 | NY | 2008-04 | $421,855 |
| 2 | Open Square Foundation | PO BOX 29903, San Francisco, CA 94129-0903 | CA | 2008-09 | $30,728,292 |
| 3 | Umb Health Sciences Research Park Corporation | 620 W Lexington St 4th Fl, Baltimore, MD 21201-1508 | MD | 2005-10 | $14,440,110 |
| 4 | Team Neo Foundation | 737 Bolivar Rd, Cleveland, OH 44115-1246 | OH | 2000-06 | $6,450,445 |
| 5 | Friends Of T-Rex | 911 Washington Ave Ste 500, Saint Louis, MO 63101-1271 | MO | 2014-06 | $6,298,515 |
| 6 | Spider Management Company | 6806 Paragon Pl Ste 290, Richmond, VA 23230-1824 | VA | 2003-10 | $3,689,871 |
| 7 | Right Place Foundation | 161 Ottawa Ave Nw Suite 400, Grand Rapids, MI 49503 | MI | 2012-04 | $224,589 |
| 8 | Leap Foundation Inc | 1000 S Washington Ave, Lansing, MI 48910-1661 | MI | 2008-01 | $141,604 |
| 9 | Conference Of St Vincent De Paul Big Rapids Michigan, St Marys Conference | PO BOX 436, Big Rapids, MI 49307-0436 | MI | 2014-07 | $69,235 |
| 10 | North Gratiot Cruise Foundation | 59 N Walnut St, Mount Clemens, MI 48043-5652 | MI | 2014-05 | $11,799 |
| 11 | 1st Batallion 24th Marines Memorial | 38163 Beecher, Sterling Heights, MI 48312 | MI | 2013-02 | $0 |
| 12 | Center For Success - Pontiac | Po Box 420693, Pontiac, MI 48342 | MI | 2014-10 | $0 |
| 13 | Friends Of The Ypsilanti Freighthouse | PO BOX 970919, Ypsilanti, MI 48197 | MI | 2004-10 | $0 |
| 14 | Kiwanis Club Of Woodhaven Foundation | 18567 Vernon, Brownstown, MI 48193-8239 | MI | 2012-04 | $0 |
| 15 | Livernois Avenue Of Fashion Business Association Inc | Po Box 21623, Detroit, MI 48221 | MI | 2014-09 | $0 |
| 16 | Mackinac Center Charitable Foundation | 140 W Main St, Midland, MI 48640-5156 | MI | 2014-10 | $0 |
| 17 | Mid-Michigan Leadership Academy Educational Foundation | 730 W Maple Street, Lansing, MI 48906 | MI | 2012-01 | $0 |
| 18 | Montrose Patriots Inc | 12128 Glenmark Trl, Montrose, MI 48457-9767 | MI | 2014-12 | $0 |
| 19 | Spartan Global Development Fun | 106b Berkey Hall, East Lansing, MI 48825 | MI | 2011-05 | $0 |
| 20 | Zonta Club Of The Michigan Capitol Area Foundation | Po Box 10112, Lansing, MI 48901 | MI | 2002-12 | $0 |
| Number of organizations performing similar types of work | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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| Total | 375 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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