Isla Vista Youth Projects Inc Dba LEAP LearnEngageAdvocatePartner

Nonprofit profile at a glance

EIN
953007419
IRS 990 coverage
2013–2024
Forms available
Form 990 2024
Location
Goleta, CA, USA
Phone
8059680488
Rating
80
Verdict
STRONG
Rating confidence
Moderate

Reported finances

Revenue
$7,810,498
Expenses
$6,597,902
Assets
$7,128,628
Liabilities
$2,199,776

Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

14 people listed

Executive titles in this filing

  • Lori Lander Goodman (CEO)
  • Chuck Flacks (President)
  • Vanessa Woods (Vice President)

Highest reported compensation

  • Lori Lander Goodman (CEO): $197,803 total reported compensation
  • Serineh Vartani MAEd (Program Director): $165,346 total reported compensation
  • Juan Pimentel (Assistant Ex. Dir.): $137,504 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

Vision: We envision a community where children are loved, valued, and respected; and families are able to reach their highest potential.Core Beliefs: All children benefit when:- they have as many loving, responsive, safe (and consistent) adults as possible intheir lives, because children become resilient through relationships.- they have equal access to educational, social, and recreational opportunities.- they are in diverse economic, social, and cultural environments.- parents are engaged in their childs school and community, when they know howto navigate and advocate for their children, resulting in positive academicoutcomes.All families benefit when:- our teachers, family advocates and staff assume that caregivers want the best fortheir children- they develop social connections with multiple individuals, organizations and oneanother- they are supported to build relationships in diverse economic, social, and cultural environments in which they can feel safe, valued and wholeAll commun

What it reported doing in 2024

LEAP's Family Resource Center mitigates the effects of poverty, racism, and trauma by strengthening families. Families become resilient through relationships with community organizations and with one another. LEAP's Family Resource Center provides parent education classes, case management, monthly food distributions, an emergencypersonal care and food pantry on site, clothing distributions, home visitation, andenrollment services for CalFresh, Medi-Cal, WIC and other resources communityengagement events. FRC services continued in FY 2024-2025. This year, LEAPsdiaper bank provided more than 61,000 diapers to more than 2,200 children.

Operating model

Revenue model
Grant-funded. 81% of the money available for current operations came from government grants.
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.
  • Includes noncash contributions: Reported contributions include donated property or goods.

The verdict

STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Total assets are small relative to annual expenses; liquid coverage is unknown and liabilities are high compared with assets.

Rating breakdown

  • Financial Efficiency: 81
  • Transparency & Controls: 70
  • Accountability: 95
  • Sustainability: 54
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 78.1%; rating input score 78
  • Program expense ratio: 92.2%; rating input score 92
  • Fundraising efficiency: $26.62 raised per $1 spent on fundraising; rating input score 67; 67th percentile among comparable filings

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
  • Pay-setting controls: 1 of 6 controls in place; rating input score 17
    • Compensation committee: Missing
    • Independent consultant: Missing
    • Other Form 990s reviewed: Missing
    • Written employment contract: Missing
    • Compensation survey or study: Missing
    • Board or committee approval: Pass
  • Foreign activity oversight: Limited
  • Grant itemization coverage: Limited
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 91.7%; rating input score 92; 22nd percentile among comparable filings
  • Governance controls: 8 of 8 controls in place; rating input score 100
    • 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: Pass
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: 15.5%; rating input score 72; 72nd percentile among comparable filings
  • Total-asset coverage ratio: 1.08; rating input score 40; 40th percentile among comparable filings
  • Liabilities to assets ratio: 0.31; rating input score 33; 33rd percentile among comparable filings
  • Officer compensation ratio: 7.6%; rating input score 39; 39th percentile among comparable filings

Growth

  • Program expense growth: 11.8% per year; rating input score 100; 70th percentile among comparable filings
  • Revenue growth: 13.3% per year; rating input score 100; 78th percentile among comparable filings
  • Asset growth: 13.7% per year; rating input score 100; 71st percentile among comparable filings

Details

  • Where the money goes: 78.1% of revenue deployed · 92.2% of spending went to programs
  • Governance: 11 of 12 board members independent · 8 of 8 filing controls reported
  • Programs: 2 filed program accomplishments · $6.1M in reported program spending
  • Leadership: top reported pay $198K · 14 people listed · 1 of 6 pay-setting controls reported
  • Consistency: 32 of 32 current checks pass
  • Schedules: 7 filed schedules · includes major donors and executive pay
  • Filing history: 12 filing years from 2013 to 2024
  • Contacts: How to reach this organization
  • Money network: 3 filed money-flow records
  • 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.
  • Staff and benefit plans: Retirement and health plans the organization files with the Department of Labor, and the people in them.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • Moderate — Sustainability: Total-asset coverage ratio scored 40/100.
  • Moderate — Sustainability: Liabilities to assets ratio scored 33/100.
  • Moderate — Sustainability: Officer compensation ratio scored 39/100.