Leap Inc
Nonprofit profile at a glance
- EIN
- 311740634
- IRS 990 coverage
- 2022–2024
- Forms available
- Form 990 2024, Form 990-EZ 2021, Form 990-T 2024, Form 990-N 2016
- Location
- Staples, MN, USA
- Phone
- 2188948352
- Rating
- 77
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
- Sector
- Research Institutes and/or Public Policy Analysis
Reported finances
- Revenue
- $411,601
- Expenses
- $363,802
- Assets
- $211,744
- Liabilities
- $0
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
24 people listed
Highest reported compensation
- RENEE KROLL (DIRECTOR): $17,000 total reported compensation
- JORDAN GOODWATER (DIRECTOR): $1,000 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
Objectives are to: 1. Work as a liaison between the community and school district, 2. Support volunteerism in the school and community, 3. Identify viable ways for the school to adapt to current economics and demographic circumstances, 4. Determine the strengths and weaknesses of the district through focus group meetings and decide which options provide the most benefits for the community and the school district, 5. Building a stronger staples community that will enrich the quality of life now and for future generations, 6. Determine the strengths and weaknesses of the community through focus group meetings and decide which options provide the most benefits for the community and businesses, 7. Facilitate the citizens, city government, and businesses in staples to improve communication and planning and work together on projects.
What it reported doing in 2024
Central mn barn quilts - obtained supplies for barn quilts. Barn quilts are displayed around town as a tourist attraction. . Cardinal performance arts center - hired a consultant regarding space planning and set up website. . Christmas event - christmas light display assistance. . Community capital - began accepting donations for capital improvements in the community, starting with building a pickleball court and upgrades for a building used by the local food shelf. . Friends of the library - purchase items and provide grants to support programming for the local public library. . Health connections - provides a forum for communication and collaboration to improve the health of people in the communities of todd and wadena counties. The major focus points for the year were lactation & car seat classes. . Hooked on fishing - assisted a local group of volunteers in planning a "hooked on fishing, not drugs" event for local kids. . Sisters with sass - assisted the group with donating to other charitable events. The group is a women's mentorship program focused on empowering women through work, education, and well-being. . Sm activities foundation - assisted with meeting supplies. . Sm athletic hall of fame - held an event for hall of fame inductees and hired a consultant to create print materials and design gym murals. . Staples motley parent teacher connection - assisted with an event and creation of a ptc video. . High school booster clubs (basketball, cheerleading, baseball, golf, softball, music, speech, trap, and volleyball) - pay tournament registration fees, uniforms, music tour, equipment and supplies of the local high school teams.
Operating model
- Revenue model
- Mixed. Its operating money came from several sources; no one source provided a clear majority.
- Distribution model
- Hybrid. The nonprofit split its reported program spending across 69% for direct work, and 31% for grants.
The verdict
SUPPORTED - 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 total assets are small relative to annual expenses; liquid coverage is unknown.
Rating breakdown
- Financial Efficiency: 82
- Transparency & Controls: 87
- Accountability: 52
- Sustainability: 51
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 87.6%; rating input score 88
- Program expense ratio: 99%; rating input score 99
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 91.7%; rating input score 92; 19th percentile among comparable filings
- Pay-setting controls: Limited
- Foreign activity oversight: Limited
- Grant itemization coverage: 92.1%; rating input score 92; 53rd percentile among comparable filings
- Major donor itemization: Yes; rating input score 100
- Related-party transparency: Limited
Accountability
- Independent voting board: 79.2%; rating input score 79; 20th percentile among comparable filings
- Governance controls: 1 of 8 controls in place; rating input score 14
- Conflict-of-interest policy: Fail
- Whistleblower policy: Fail
- Document-retention policy: Fail
- CEO compensation review process: Limited
- Other executive compensation review process: NotApplicable
- Form 990 shared with the board: Fail
- Board meeting minutes documented: Pass
- Audit committee oversight: Missing
- Independent financial-statement audit: Fail
Sustainability
- Operating margin: 11.6%; rating input score 63; 63rd percentile among comparable filings
- Total-asset coverage ratio: 0.58; rating input score 28; 28th percentile among comparable filings
- Liabilities to assets ratio: 0; rating input score 80; 80th percentile among comparable filings
- Officer compensation ratio: 4.9%; rating input score 33; 33rd percentile among comparable filings
Growth
- Program expense growth: 23.1% per year; rating input score 100; 87th percentile among comparable filings
- Revenue growth: 9% per year; rating input score 100; 69th percentile among comparable filings
- Asset growth: 10.8% per year; rating input score 100; 68th percentile among comparable filings
Details
- Where the money goes: 87.6% of revenue deployed · 99% of spending went to programs
- Governance: 19 of 24 board members independent · 1 of 8 filing controls reported
- Programs: 4 filed program accomplishments · $360K in reported program spending
- Leadership: top reported pay $17K · 24 people listed
- Consistency: 25 of 26 current checks pass · 1 finding to review
- Schedules: 5 filed schedules · includes major donors and grants
- Filing history: 3 filing years from 2022 to 2024
- Contacts: How to reach this organization
- Money network: 6 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 — Accountability: Governance controls: 5 of 6 not reported.
- High — Sustainability: Total-asset coverage ratio scored 28/100.
- Review — Transparency & Controls: Domestic grant itemization did not reconcile in the filed values.
- Moderate — Sustainability: Officer compensation ratio scored 33/100.