Leap Initiative Inc
Nonprofit profile at a glance
- EIN
- 843452395
- IRS 990-EZ coverage
- 2021–2021
- Forms available
- Form 990 2020, Form 990-EZ 2021
- Location
- Mountain View, CA, USA
- Phone
- 5109985388
- Rating
- 36
- Verdict
- REVIEW
- Rating confidence
- Moderate
- Sector
- Community, Neighborhood Development
Reported finances
- Revenue
- $2,473
- Expenses
- $8,255
- Assets
- $37,873
- Liabilities
- $0
Source: IRS Form 990-EZ. Selected filing: tax year 2021. Amounts in USD.
Leadership & pay
3 people listed
Executive titles in this filing
- QING HAN (PRESIDENT)
People named in this filing
- QING HAN (PRESIDENT)
- JIWEN WEI (BOARD MEMBER)
- LIQIN ZHANG (BOARD MEMBER)
Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.
Source: IRS Form 990-EZ. Selected filing: tax year 2021. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
Leap (life-science entrepreneurship and plus) is a closely connected and collaborative community featuring aspiring scientists and scholars, entrepreneurs and investors, professionals, and industry leaders. Leap dedicates to inform, inspire and support our members and peers through seminars, lectures, workshops, and social events.
What it reported doing in 2021
General program - leap dedicates to informing, inspiring, and supporting our members and peers through seminars, lectures, workshops, and social events.
Operating model
- Revenue model
- Donor-supported. 100% 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
REVIEW - The filed numbers largely add up. A relatively small share of available resources goes toward mission work and a relatively small share of total spending goes to programs.
Rating breakdown
- Financial Efficiency: 9
- Transparency & Controls: 74
- Sustainability: 40
- Growth: 0
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 12.1%; rating input score 12
- Program expense ratio: 3.6%; rating input score 4
Transparency & Controls
- Consistency checks: 90%; rating input score 90; 2nd percentile among comparable filings
- Major donor itemization: Limited
Sustainability
- Operating margin: -233.8%; rating input score 5; 5th percentile among comparable filings
- Total-asset coverage ratio: 4.59; rating input score 77; 77th percentile among comparable filings
- Liabilities to assets ratio: 0; rating input score 69; 69th percentile among comparable filings
- Officer compensation ratio: 0%; rating input score 56; 56th percentile among comparable filings
Growth
- Program expense growth: Limited
- Revenue growth: -197.7% per year; rating input score 0; 0th percentile among comparable filings
- Asset growth: -14.2% per year; rating input score 0; 12th percentile among comparable filings
Details
- Where the money goes: 12.1% of revenue deployed · 3.6% of spending went to programs
- Governance: Filed governance answers
- Accomplishments: 1 filed program accomplishment · $300 in reported program spending
- Leadership: top reported pay $0 · 3 people listed
- Consistency: 9 of 9 current checks pass
- Schedules: 2 filed schedules
- Contacts: How to reach this organization
- Money network: 9 filed money-flow records
- Related organizations: 9 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.
Grant-readiness screening is separate from the live rating, not a measure of program quality. Review the source records before making a grant decision.
- High — Financial Efficiency: Mission deployment rate scored 12/100.
- High — Financial Efficiency: Program expense ratio scored 4/100.
- High — Growth: Revenue growth scored 0/100.
- High — Sustainability: Operating margin scored 5/100.
- High — Growth: Asset growth scored 0/100.
- Review — Sustainability: Officer compensation ratio scored 56/100.
- High — Grant Readiness: Automatic revocation: this organization had its federal tax-exempt status automatically revoked.