Friends of Leaps & Bounds
Legal name: Friends of Leaps & Bounds Pediatric Therapy Inc
Nonprofit profile at a glance
- EIN
- 455413548
- IRS 990 coverage
- 2018–2024
- Official website data refreshed
- Sep 2026
- Forms available
- Form 990 2024, Form 990-EZ 2017, Form 990-N 2014
- Location
- Norco, CA, US
- Phone
- (951) 340-0431
- Rating
- 81
- Verdict
- STRONG
- Rating confidence
- Moderate
- Sector
- Single Organization Support
Reported finances
- Revenue
- $915,335
- Expenses
- $899,912
- Assets
- $767,916
- Liabilities
- $0
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
8 people listed
Executive titles in this filing
- COLLEEN BRAGALONE (EXECUTIVE DIRECTOR)
- DR JAIME GILLIAM (PRESIDENT)
- DR CASSANDRA SANDERS-HOLLY (VICE PRESIDENT)
- KATIE STOUT (EXECUTIVE DIRECTOR)
Highest reported compensation
- COLLEEN BRAGALONE (EXECUTIVE DIRECTOR): $49,847 total reported compensation
- KATIE STOUT (EXECUTIVE DIRECTOR): $38,942 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
At Leaps & Bounds, we believe every child deserves the chance to reach their full potential.
What it reported doing in 2024
Adaptive Riding (AR) uses equine-assisted activities for the purpose of contributing positively to cognitive, physical, emotional, and social well-being of people with disabilities.It also provides benefits in the areas of health, education, sport, recreation and leisure.AR instruction and exercises include: riding, horse anatomy, tack and and equine supplies. This pogram is designed for individuals with disabilities 4-years-old and older who would like to experience the rewarding benefits of horseback riding, horsemanship and equine knowledge. Riding is designed to improve flexibility, strength, balance, self-confidence, socialization and recreation in the outdoors. Siblings and individuals without a diagnosis are also welcomed and encouraged to ride, providing peer models for our riders.
Operating model
- Revenue model
- Mixed. Its operating money came from several sources; no one source provided a clear majority.
- Distribution model
- Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.
The verdict
STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Fundraising costs are high for each dollar raised and expenses are high relative to revenue.
Rating breakdown
- Financial Efficiency: 75
- Transparency & Controls: 86
- Accountability: 90
- Sustainability: 46
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 80.8%; rating input score 81
- Program expense ratio: 82%; rating input score 82
- Fundraising efficiency: $6.05 raised per $1 spent on fundraising; rating input score 22; 22nd percentile among comparable filings
Transparency & Controls
- Consistency checks: 91.7%; rating input score 92; 12th percentile among comparable filings
- Pay-setting controls: Limited
- Foreign activity oversight: Limited
- Grant itemization coverage: Limited
- Major donor itemization: Yes; rating input score 100
- Related-party transparency: Limited
Accountability
- Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
- Governance controls: 6 of 8 controls in place; rating input score 75
- Conflict-of-interest policy: Pass
- Whistleblower policy: Pass
- Document-retention policy: Pass
- CEO compensation review process: Pass
- Other executive compensation review process: NotApplicable
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Missing
- Independent financial-statement audit: Fail
Sustainability
- Operating margin: 1.7%; rating input score 41; 41st percentile among comparable filings
- Total-asset coverage ratio: 0.85; rating input score 38; 38th percentile among comparable filings
- Liabilities to assets ratio: 0; rating input score 91; 91st percentile among comparable filings
- Officer compensation ratio: 9.9%; rating input score 37; 37th percentile among comparable filings
Growth
- Program expense growth: 19.7% per year; rating input score 100; 82nd percentile among comparable filings
- Revenue growth: 23.6% per year; rating input score 100; 89th percentile among comparable filings
- Asset growth: 34.5% per year; rating input score 100; 93rd percentile among comparable filings
Details
- What they do: 3 programs and campaigns described on the official site · 2 operating locations identified
- Where the money goes: 80.8% of revenue deployed · 82% of spending went to programs
- Governance: 6 of 6 board members independent · 6 of 8 filing controls reported
- Programs: 3 filed program accomplishments · $738K in reported program spending
- Leadership: top reported pay $50K · 8 people listed
- Consistency: 27 of 28 current checks pass · 1 finding to review
- Schedules: 7 filed schedules · includes major donors
- Filing history: 6 filing years from 2018 to 2024
- Contacts: How to reach this organization
- Money network: 2 filed money-flow records
- Related organizations: 2 filed related-organization links
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- High — Financial Efficiency: Fundraising efficiency scored 22/100.
- Moderate — Sustainability: Operating margin scored 41/100.
- Review — Accountability: Governance controls: Independent financial-statement audit not reported.
- Moderate — Sustainability: Total-asset coverage ratio scored 38/100.
- Moderate — Transparency & Controls: Schedule A contributions reconciliation did not reconcile in the filed values.
- Moderate — Sustainability: Officer compensation ratio scored 37/100.