NJ LEEP Inc
Nonprofit profile at a glance
- EIN
- 510591204
- IRS 990 coverage
- 2013–2024
- Forms available
- Form 990 2024
- Location
- Newark, NJ, USA
- Phone
- 9732971555
- Rating
- 75
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
- Sector
- Remedial Reading, Reading Encouragement
Reported finances
- Revenue
- $3,469,002
- Expenses
- $3,324,186
- Assets
- $7,839,008
- Liabilities
- $2,857,021
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
24 people listed
Executive titles in this filing
- MATTHEW FEINSTEIN (EXECUTIVE DIRECTOR)
Highest reported compensation
- MATTHEW FEINSTEIN (EXECUTIVE DIRECTOR): $244,770 total reported compensation
- CARYN TOMLJANOVICH (DIRECTOR OF DEVELOPMENT): $155,412 total reported compensation
- ANA DOPAZO (DIRECTOR OF PROGRAMS): $147,356 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
Nj leep is a college access and success program serving low-income and first-generation students in the greater newark area. Our college bound program empowers students with the academic and social-emotional skills to succeed in college and beyond, through intsensive after-school, saturday, and summer programming.
What it reported doing in 2024
Nj leep serves students in grades 6-12, alumni throughout the country, and family members. Most of our students come from low to moderate-income backgrounds and possess multiple risk factors to college matriculation and persistence. Since our first graduating class of 2011, 100% of our program graduates have graduated from high school and enrolled in college, many in highly selective colleges, such as amherst, georgetown, princeton, rutgers, smith and the university of chicago. In comparison, research shows that since 2011, the college school graduation rate from students in newark public schools is 23%. We also measure the college persistence rate of our graduates: over 73% graduated from college.
Operating model
- Revenue model
- Donor-supported. 96% of the money available for current operations came from contributions and gifts.
- Distribution model
- Direct operator. The filing allocates 97% 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 - A large share of available resources goes toward mission work and the filed numbers largely add up. Fundraising costs are high for each dollar raised and expenses are high relative to revenue.
Rating breakdown
- Financial Efficiency: 63
- Transparency & Controls: 75
- Accountability: 100
- Sustainability: 47
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 67.5%; rating input score 67
- Program expense ratio: 68.9%; rating input score 69
- Fundraising efficiency: $7.71 raised per $1 spent on fundraising; rating input score 29; 29th 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: 100%; rating input score 100; 72nd percentile among comparable filings
- 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: 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: 4.2%; rating input score 48; 48th percentile among comparable filings
- Total-asset coverage ratio: 2.36; rating input score 67; 67th percentile among comparable filings
- Liabilities to assets ratio: 0.36; rating input score 29; 29th percentile among comparable filings
- Officer compensation ratio: 24.5%; rating input score 8; 8th percentile among comparable filings
Growth
- Program expense growth: 8% per year; rating input score 100; 56th percentile among comparable filings
- Revenue growth: 8.2% per year; rating input score 100; 61st percentile among comparable filings
- Asset growth: 18% per year; rating input score 100; 80th percentile among comparable filings
Details
- Where the money goes: 67.5% of revenue deployed · 68.9% of spending went to programs
- Governance: 16 of 16 board members independent · 8 of 8 filing controls reported
- Programs: 1 filed program accomplishment · $2.3M in reported program spending
- Leadership: top reported pay $245K · 24 people listed · 1 of 6 pay-setting controls reported
- Consistency: 35 of 35 current checks pass
- Schedules: 7 filed schedules · includes major donors, grants, and executive pay
- Filing history: 11 filing years from 2013 to 2024
- Contacts: How to reach this organization
- Money network: 5 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.
- High — Financial Efficiency: Fundraising efficiency scored 29/100.
- Moderate — Sustainability: Operating margin scored 48/100.
- High — Sustainability: Officer compensation ratio scored 8/100.
- High — Sustainability: Liabilities to assets ratio scored 29/100.