Leadership Educational Achievement and Prosperity Inc
Nonprofit profile at a glance
- EIN
- 833466156
- IRS 990 coverage
- 2022–2024
- Forms available
- Form 990 2024, Form 990-N 2021
- Location
- Smithfield, UT, USA
- Phone
- 4357704798
- Rating
- 81
- Verdict
- STRONG
- Rating confidence
- Moderate
- Sector
- Scholarships, Student Financial Aid Services, Awards
Reported finances
- Revenue
- $147,960
- Expenses
- $130,137
- Assets
- $301,821
- Liabilities
- $0
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
3 people listed
Executive titles in this filing
- RIGOBERTO CHAPARRO (PRESIDENT/DIRECTOR)
People named in this filing
- RIGOBERTO CHAPARRO (PRESIDENT/DIRECTOR)
- LISA CHAPARRO (SECRETARY/TREASURER/DIRECT)
- TODD HALLOCK (DIRECTOR)
Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
The mission statement and purpose of the leadership, educational achievement, and prosperity (leap) organization is to remove barriers that limit student success, and ensure the latino students in our public schools graduate with the ability to pursue post-secondary education including options students may have previously considered beyond their reach.we will accomplish this by working closely with community businesses and post-secondary institutions to provide and promote personal mentoring and scholarships. We will continue to promote parent involvement, increase effective communication between the schools and the spanish speaking community, and celebrate the contributions of latino students and families to our community.we believe this will increase their chances of individual success, and allow them to promote the success and enrichment of the community they live in.
What it reported doing in 2024
The organization seeks to remove barriers that limit student success and ensure the latino students in our public schools graduate with the ability to pursue post-secondary education. This is done in the following ways:1. Promote parent involvement, increasing effective communication between the schools and the spanish-speaking community, celebrating the contributions of latino students and families to our community;2. Provide appropriate academic guidance, mentoring, and instructional support to all students; and3. Provide scholarships to assist latino students with post-secondary educational opportunities.
Operating model
- Revenue model
- Donor-supported. 95% of the money available for current operations came from contributions and gifts.
- 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. Some filing-based governance responses are negative or unanswered and revenue has declined or grown slowly.
Rating breakdown
- Financial Efficiency: 83
- Transparency & Controls: 92
- Accountability: 70
- Sustainability: 66
- Growth: 60
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 88.6%; rating input score 89
- Program expense ratio: 100%; rating input score 100
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 64th 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: 2 of 7 controls in place; rating input score 29
- Conflict-of-interest policy: Fail
- Whistleblower policy: Fail
- Document-retention policy: Fail
- CEO compensation review process: NotApplicable
- 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: 12%; rating input score 63; 63rd percentile among comparable filings
- Total-asset coverage ratio: 2.32; rating input score 63; 63rd percentile among comparable filings
- Liabilities to assets ratio: 0; rating input score 80; 80th percentile among comparable filings
- Officer compensation ratio: 0%; rating input score 69; 69th percentile among comparable filings
Growth
- Program expense growth: 21% per year; rating input score 100; 85th percentile among comparable filings
- Revenue growth: -14.2% per year; rating input score 0; 4th percentile among comparable filings
- Asset growth: 27.7% per year; rating input score 100; 90th percentile among comparable filings
Details
- Where the money goes: 88.6% of revenue deployed · 100% of spending went to programs
- Governance: 3 of 3 board members independent · 2 of 7 filing controls reported
- Programs: 1 filed program accomplishment · $130K in reported program spending
- Leadership: top reported pay $0 · 3 people listed
- Consistency: 11 of 11 current checks pass
- Schedules: 3 filed schedules · includes major donors
- Filing history: 3 filing years from 2022 to 2024
- Contacts: How to reach this organization
- Money network: Resolved incoming and outgoing counterparties from filed money flows.
- Related organizations: Filed and resolved organization relationships.
- 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 — Accountability: Governance controls: 4 of 6 not reported.
- High — Growth: Revenue growth scored 0/100.