Leap Inc in Staples, Minnesota (MN)
Table of contents:
| Leap Inc | |
| Employer Identification Number (EIN) | 311740634 |
| Name of Organization | Leap Inc |
| In Care of Name | Tim Rice |
| Address | 49725 County Road 83 Att Tim Rice, Staples, MN 56479 |
| Subsection | Educational Organization |
| Ruling Date | 01/2001 |
| 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 | 06/2014 |
| Assets | $25,000 to $99,999 |
| Income | $10,000 to $24,999 |
| Filing Requirement | 990 - Required to file Form 990-N - Income less than $25,000 per year |
| Asset Amount | $29,079 |
| Amount of Income | $19,412 |
| Form 990 Revenue Amount | $19,412 |
| National Taxonomy of Exempt Entities (NTEE) | Educational Institutions and Related Activities: Research Institutes and/or Public Policy Analysis |
Non-representatives - add comments:
Amount of income in 2014: $19,412 (it was $97,382 in 2013)
| Leap Inc: | $19,412 |
| Other organizations performing similar types of work: | $132,080 |
Assets in 2014: $29,079 (it was $33,476 in 2013)
| This organization: | $29,079 |
| Other organizations performing similar types of work: | $66,874 |
Expenses in 2014: $23,553
| Leap Inc: | $23,553 |
| Other organizations performing similar types of work: | $132,703 |
Income to expenses ratio in 2014: 0.8
| Leap Inc: | 0.8 |
| Other organizations performing similar types of work: | 1.0 |
Grants share in income in 2014: 99.7%
| Leap Inc: | 99.7% |
| Other organizations performing similar types of work: | 46.0% |
Revenue for 2014
Support schedule
| Revenue, Expenses, and Changes in Net Assets or Fund Balances | |||
| 2012 | 2013 | 2014 | |
|---|---|---|---|
| Total revenue | $118,839 | $88,991 | $19,412 |
| Contributions, gifts, grants, and similar amounts received | $41,991 | $24,586 | $19,348 |
| Program service revenue including government fees and contracts | $75,349 | $59,653 | $0 |
| Membership dues and assessments | $0 | $0 | $0 |
| Investment income | $105 | $70 | $64 |
| Gain/Loss from sale of assets other than inventory | $0 | $3,848 | $0 |
| Net income/loss from gaming and fundraising events | $1,394 | $834 | $0 |
| Gross profit/loss from sales of inventory | $0 | $0 | $0 |
| Other revenue | $0 | $0 | $0 |
| Total expenses | $142,981 | $91,392 | $23,553 |
| Total net assets | $35,621 | $33,220 | $29,079 |
| Excess/Deficit for the year | $-24,142 | $-2,401 | $-4,141 |
| Net assets or fund balances at beginning of year | $59,763 | $35,621 | $33,220 |
| Other changes in net assets or fund balances | $0 | $0 | $0 |
| Net assets or fund balances at end of year | $35,621 | $33,220 | $29,079 |
| Balance Sheets | |||
| 2012 | 2013 | 2014 | |
|---|---|---|---|
| Total assets | $38,746 | $33,476 | $29,079 |
| Total liabilities | $3,125 | $256 | $0 |
| Net assets or fund balances | $35,621 | $33,220 | $29,079 |
| Other Information | |||
| 2012 | 2013 | 2014 | |
|---|---|---|---|
| Did the organization engage in any significant activity not previously reported to the IRS? | No | No | No |
| Were any significant changes made to the organizing or governing documents? | No | 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 | No |
| Did the organization undergo a liquidation, dissolution, termination, or significant disposition of net assets during the year? | No | No | No |
| Amount of political expenditures, direct or indirect | $0 | $0 | $0 |
| Did the organization file Form 1120-POL for this year? | No | 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 | No |
| Total amount involved | $0 | $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 | No |
| At any time during the tax year, was the organization a party to a prohibited tax shelter transaction? | No | No | No |
| Reason for Public Charity Status (for 2014) | |
| The organization is not a private foundation because it is: | An organization that normally receives a substantial part of its support from a governmental unit or from the general public described in section 170(b)(1)(A)(vi) |
| Number of organizations supported | 0 |
| Sum of amounts of support | $0 |
| Support Schedule for Organizations Described in Sections 170(b)(1)(A)(iv) and 170(b)(1)(A)(vi) (for 2010 - 2014) | |
| 2010 - 2014 Total | |
|---|---|
| Public Support | $212,731 |
| Subtotal Support | $221,602 |
| Gifts, grants, contributions, and membership fees received | $221,602 |
| 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 |
| The portion of total contributions by each person (other than a governmental unit or publicly supported organization) that exceeds 2% of the total support | $8,871 |
| Total Support | $227,157 |
| Public Support | $221,602 |
| Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources | $581 |
| Net income from unrelated business activities, whether or not the business is regularly carried on | $0 |
| Other income. Do not include gain or loss from the sale of capital assets | $4,974 |
| Gross receipts from related activities, etc. | $0 |
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| Organizations performing similar types of work | |||||
| Id | Name | Address | State | Established | Total Income |
|---|---|---|---|---|---|
| 1 | Act Foundation | 500 Act Dr, Iowa City, IA 52243-9003 | IA | 2011-06 | $25,456,198 |
| 2 | Studentsfirst | 825 K St Fl 2, Sacramento, CA 95814-3547 | CA | 2012-02 | $21,344,865 |
| 3 | Us Chamber Of Commerce Foundation | 1615 H St Nw, Washington, DC 20062-0002 | DC | 2013-10 | $16,346,042 |
| 4 | Studentsfirst Institute | 825 K St 2nd Fl, Sacramento, CA 95814-3509 | CA | 2011-11 | $8,316,697 |
| 5 | Open Library Of Richmond Inc | 300 Funston Ave, San Francisco, CA 94118-2116 | CA | 2002-01 | $6,457,862 |
| 6 | American Life Sciences Innovation Council | 333 S 7th St Ste 2250, Minneapolis, MN 55402-2433 | MN | 2012-01 | $5,673,000 |
| 7 | Education Reform Now Advocacy Inc | 928 Broadway Ste 505, New York, NY 10010-8143 | NY | 2014-02 | $5,008,489 |
| 8 | Biostl | 7515 Forsyth Blvd, Saint Louis, MO 63105-3401 | MO | 2011-07 | $4,613,581 |
| 9 | Institute For Evidence-Based Change, Iebc | 171 Saxony Rd Ste 108, Encinitas, CA 92024-6776 | CA | 2009-11 | $3,290,406 |
| 10 | Founderorg Inc | 548 Market St Box 66520, San Francisco, CA 94104-5401 | CA | 2014-05 | $3,263,657 |
| 11 | Ku Center For Technology Commercialization Inc | 3901 Rainbow Blvd Msc 1039, Kansas City, KS 66160-8500 | KS | 2011-01 | $2,808,764 |
| 12 | Commit2dallas, Commit | 3963 Maple Avenue No 290, Dallas, TX 75219-3209 | TX | 2013-02 | $2,286,969 |
| 13 | Russell Kirk Center For Cultural Renewal | 729 W Main St, Mecosta, MI 49332-9699 | MI | 1999-03 | $2,209,239 |
| 14 | Life Sciences Foundation | 1330 Broadway Ste 801, Oakland, CA 94612-2507 | CA | 2010-09 | $2,152,097 |
| 15 | Plus Foundation | 5353 Wayzata Blvd Ste 600, Minneapolis, MN 55416-1335 | MN | 1999-06 | $737,011 |
| 16 | Leap Inc | 49725 County Road 83 Att Tim Rice, Staples, MN 56479 | MN | 2001-01 | $19,412 |
| 17 | Mn Think | 321 19th Ave S Ste 4-373, Minneapolis, MN 55455-0438 | MN | 2001-01 | $0 |
| 18 | My Choices | PO BOX 47305, Plymouth, MN 55447 | MN | 2014-08 | $0 |
| 19 | Parents For Accountable Schools | 800 Nicollet Mall Ste 2690, Minneapolis, MN 55402-7002 | MN | 2005-12 | $0 |
| 20 | Shank Institute For Innovative Learning | 225 S 6th St Fl 9, Minneapolis, MN 55402-4319 | MN | 2010-11 | $0 |
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