Leap of Noble County Inc

Nonprofit profile at a glance

EIN
352117960
IRS 990 coverage
2011–2014
Forms available
Form 990 2014
Location
Albion, IN, USA
Phone
2606367011
Rating
74
Verdict
SUPPORTED
Rating confidence
Moderate
Sector
Adult, Continuing Education

Official website

Reported finances

Revenue
$422,297
Expenses
$444,630
Assets
$126,754
Liabilities
$89,791

Source: IRS Form 990. Selected filing: tax year 2014. Amounts in USD.

Leadership & pay

12 people listed

Executive titles in this filing

  • DAN FRICK (PRESIDENT)
  • ROD SCHOON (VICE PRESIDENT)
  • DENISE LEMMON (EXECUTIVE DIRECTOR)
  • AMBER HARPER (EXECUTIVE DIRECTOR)

Highest reported compensation

  • AMBER HARPER (EXECUTIVE DIRECTOR): $23,341 total reported compensation
  • DENISE LEMMON (EXECUTIVE DIRECTOR): $19,800 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2014. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

The mission of leap of noble county, inc. Is to establish literacy as a value in every family in noble county.

What it reported doing in 2014

The organization provides preschool programming, small group k-12 tutoring, adult ged preparation, and adult english as a new language. Approximately 1,000 members of the community are served. Also, the organization provides comprehensive before and after-school programs.

Operating model

Revenue model
Donor-supported. 71% 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

SUPPORTED - The filed numbers largely add up and a large share of available resources goes toward mission work. Fundraising costs are high for each dollar raised and program spending has declined or grown slowly.

Rating breakdown

  • Financial Efficiency: 67
  • Transparency & Controls: 92
  • Accountability: 90
  • Sustainability: 24
  • Growth: 0

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 71.6%; rating input score 72
  • Program expense ratio: 68%; rating input score 68
  • Fundraising efficiency: $9.69 raised per $1 spent on fundraising; rating input score 41; 41st percentile among comparable filings

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 63rd 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: -5.3%; rating input score 28; 28th percentile among comparable filings
  • Total-asset coverage ratio: 0.29; rating input score 17; 17th percentile among comparable filings
  • Liabilities to assets ratio: 0.71; rating input score 11; 11th percentile among comparable filings
  • Officer compensation ratio: 9.7%; rating input score 35; 35th percentile among comparable filings

Growth

  • Program expense growth: -59.2% per year; rating input score 0; 5th percentile among comparable filings
  • Revenue growth: -6.2% per year; rating input score 0; 19th percentile among comparable filings
  • Asset growth: -30.3% per year; rating input score 0; 4th percentile among comparable filings

Details

  • Where the money goes: 71.6% of revenue deployed · 68% of spending went to programs
  • Governance: 10 of 10 board members independent · 6 of 8 filing controls reported
  • Programs: 1 filed program accomplishment · $302K in reported program spending
  • Leadership: top reported pay $23K · 12 people listed
  • Consistency: 30 of 30 current checks pass
  • Schedules: 5 filed schedules · includes major donors
  • Filing history: 4 filing years from 2011 to 2014
  • Contacts: How to reach this organization
  • Money network: 2 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.

Key Signals

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

  • Moderate — Financial Efficiency: Fundraising efficiency scored 41/100.
  • High — Growth: Program expense growth scored 0/100.
  • High — Growth: Revenue growth scored 0/100.
  • High — Sustainability: Operating margin scored 28/100.
  • High — Sustainability: Total-asset coverage ratio scored 17/100.
  • Review — Accountability: Governance controls: Independent financial-statement audit not reported.
  • High — Growth: Asset growth scored 0/100.
  • High — Sustainability: Liabilities to assets ratio scored 11/100.
  • Moderate — Sustainability: Officer compensation ratio scored 35/100.