Leap
- Assets
- $5.2m
- Revenue
- $7.3m
- Investments
- $0.0
- Employees
- 143
- Location
- Farmington, ME
- Founding
- 06/1982
- Data as of
- 06/2023
- EIN
- 22-2301862
Organization Overview
Leap is located in Farmington, ME. The organization was established in 1982. According to its NTEE Classification (P82) the organization is classified as: Developmentally Disabled Centers, under the broad grouping of Human Services and related organizations. As of 06/2023, Leap employed 143 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Leap is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2023, Leap generated $7.3m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 2.5% each year. All expenses for the organization totaled $7.4m during the year ending 06/2023. While expenses have increased by 2.9% per year over the past 8 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
THE ORGANIZATION'S MISSION IS TO SUPPORT PEOPLE WITH DEVELOPMENTAL AND INTELLECTUAL DISABILITIES TO BE ACTIVELY INVOLVED IN THEIR HOME COMMUNITIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
LEAP, INC. PROVIDES INDIVIDUALIZED AND COMPREHENSIVE SUPPORT TO PEOPLE WITH DEVELOPMENTAL AND INTELLECTUAL DISABILITIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Tyler Barnes Dc President | OfficerTrustee | 2 | $0 |
Denise Boothby Vice President | OfficerTrustee | 2 | $0 |
Scott Landry Treasurer | OfficerTrustee | 2 | $0 |
David Dixon Secretary | OfficerTrustee | 2 | $0 |
Ellie Duley Director | Trustee | 2 | $0 |
Greg Roy Director | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $192,980 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $192,980 |
| Total Program Service Revenue | $7,095,634 |
| Investment income | $14,458 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $11,277 |
| Net Income from Fundraising Events | $487 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $7,314,836 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $127,123 |
| Compensation of current officers, directors, key employees. | $127,123 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $4,431,452 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $550,048 |
| Payroll taxes | $334,515 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $49,411 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $191,583 |
| Insurance | $29,442 |
| All other expenses | $402,706 |
| Total functional expenses | $7,426,533 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,561,378 |
| Savings and temporary cash investments | $459,866 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $528,789 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $15,569 |
| Prepaid expenses and deferred charges | $24,984 |
| Net Land, buildings, and equipment | $2,597,639 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $52,426 |
| Total assets | $5,240,651 |
| Accounts payable and accrued expenses | $640,663 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $640,663 |
| Net assets without donor restrictions | $4,599,988 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $5,240,651 |