2024-09-11T09:34:26-07:00 2023-10-31 954806079 Kiyohara & Takahashi LLP 13300 Crossroads Pkwy N Ste 100 City of Industry CA 91746 990 2022-11-01 953879677 Leadership Education for Asian Pacifics Inc LEAD 2134851422 327 E 2nd Street 226 Los Angeles CA 90012 Linda Akutagawa President & CEO 2024-09-11 true true Pia C Eckhert CPA P00646377 3232781300 2022 2024-08-08 14:25:15Z Linda Akutagawa 327 E 2nd Street 226 Los Angeles CA 90012 2683564 false X www.leap.org X 1982 CA Leap's mission is to achieve full participation and equality for Asian and Pacific Islanders through leadership, empowerment and policy. 16 15 23 10 0 1720597 1669825 1090110 998221 3896 1614 -139991 -145428 2674612 2524232 39764 96289 0 953191 1204981 0 88425 1152765 1345953 2145720 2647223 528892 -122991 1926864 2186271 623948 1006346 1302916 1179925 X Leap's mission is to achieve full participation and equality for Asian and Pacific Islanders through leadership, empowerment and policy. false false 1113255 DEVELOPING PEOPLE - LEADERSHIP DEVELOPMENT AND TRAINING PROGRAMS FOR UPPER MANAGEMENT ASIAN AND PACIFIC ISLANDERS (API). SUCH PROGRAMS INCLUDED: 1) CUSTOMIZED 3-DAY IN-PERSON PATHWAYS OR 6-DAY VIRTUAL PATHWAY PROGRAMS FOR COMPANIES SEEKING TO INCREASE THE SUCCESS OF THEIR API TECHNICAL AND PROFESSIONAL MANAGER/TEAM LEADER LEVELS. CONDUCTED 6 VIRTUAL PROGRAMS WITH 83 PARTICIPANTS AND ONE IN-PERSON 3-DAY PROGRAM FOR 9 PARTICIPANTS. EACH VIRTUAL PARTICIPANT SPENT 24 HOURS OVER A COURSE OF SIX DAYS DURING THE VIRTUAL SESSIONS AND 24 HOURS IN THE IN-PERSON SESSION. PARTICIPANTS ALSO RECEIVED 6 HOURS OF INDIVIDUALIZED EXECUTIVE COACHING. 2) LEAP ADVANCE (LDP FOR HIGHER EDUCATION) PROGRAM DESIGNED FOR THE PROFESSIONAL DEVELOPMENT OF API COLLEGE/UNIVERSITY ADMINISTRATORS WAS HELD IN-PERSON AT KELLOGG WEST CONFERENCE CENTER IN POMONA, CA FOR 38 PARTICIPANTS. EACH PARTICIPANT SPENT 19.5 HOURS OVER 5.5 DAYS. 3) LEAP EXCEED, A VIRTUAL EXECUTIVE LEADERSHIP PROGRAM FOR SENIOR MANAGERS AND DIRECTORS CONDUCTED 3 VIRTUAL PROGRAMS TO 18 PARTICIPANTS WHO SPENT 24 HOURS OVER 6 DAYS. AN IN-PERSON EXCEED PROGRAM WAS DELIVERED OVER THREE DAYS TO 6 PARTICIPANTS. EACH EXCEED PARTICIPANT RECEIVED 12 HOURS OF EXECUTIVE COACHING SESSIONS. DONATED IN-KIND SERVICES FROM TRAINERS,CONSULTANTS AND EXECUTIVE COACHES FOR $113,464, FACILITY USE $20,000 AND $1,435 FOR TRAVEL 776046 EMPOWERING COMMUNITIES - COMPREHENSIVE LEADERSHIP TRAINING, ORGANIZATIONAL DEVELOPMENT AND CAPACITY BUILDING PROGRAMS AND WORKSHOPS TO PROMOTE THE CULTIVATION OF NEW COMMUNITY LEADERS, TO STRENGTHEN THE EFFECTIVENESS OF EXISTING COMMUNITY-BASED ORGANIZATIONS AND TO ESTABLISH A SUPPORTIVE NETWORK FOR MUTUAL ASSISTANCE, RESOURCE SHARING AND COLLABORATIVE PROBLEM SOLVING. IN 2023, PROGRAMS INCLUDED 1) LEAP IN-PERSON IMPACT DESIGNED TO STRENGTHEN THE CAPACITY OF DIVERSE NONPROFIT ORGANIZATIONS BY PROVIDING API SENIOR STAFF FOR FUTURE AND CURRENT LEADERSHIP AND MANAGEMENT ROLES IN NONPROFIT ORGANIZATIONS. PARTICIPANTS INCLUDED 17 API SENIOR MANAGERS. EACH PARTICIPANT GAINED 40 HOURS OF LEADERSHIP DEVELOPMENT TRAINING AND 8 HOURS OF EXECUTIVE COACHING. AN IMPACT ALUMNI EVENT WAS PRESENTED FOR 3 DAYS OF LEARNING, RE-ENERGIZING AND RE-CONNECTING FOR 24 NONPROFIT LEADERS IN LOS ANGELES. 2)LEAP DELIVERED A TWO PART 6-DAY IN-PERSON ENGAGE PROGRAM FOR 12 NONPROFIT EXECUTIVE DIRECTORS FROM ACROSS THE USA. EACH EXECUTIVE DIRECTOR ALSO RECEIVED SIX HOURS OF EXECUTIVE COACHING. THEIR FINAL PROJECT WAS A "SHARK TANK" SIMULATION TO PRESENT A "PITCH" TO A PANEL OF THE ENGAGE PROGRAM SPONSORS. 3)LEAP EMERGE, 15 COLLEGE STUDENTS PARTICIPATED IN A PAID EIGHT-WEEK HYBRID IN-PERSON AND VIRTUAL SUMMER INTERNSHIP PROGRAM DESIGNED TO DEVELOP YOUNG LEADERS WITH PRACTICAL LEADERSHIP SKILLS. THE SUMMER INTERNS SPENT 200 HOURS OVER EIGHT-WEEKS IN LEADERSHIP TRAINING AND HANDS-ON EXPERIENCE AT IDENTIFIED COMMUNITY BASED ORGANIZATIONS. AS PART OF THE PROGRAM, INTERNS COLLABORATED ON A GROUP PROJECT TO CREATE THE "LEAP EMERGENCE MAGAZINE" WHICH INCLUDED A ZINE OF MULTIMEDIA MEDIUMS SUCH AS WRITING, PHOTOGRAPHY, FILAM AND ART TO SHOWCASE THE IMPACT OF ASIAN AMERICANS AND PACIFIC ISLANDERS 4)LEAP ALSO DELIVERED 10 VIRTUAL PRESENTATIONS FREE TO COLLEGE STUDENTS ON TOPICS SUCH AS INTERVIEWING, MANAGING STRESS, RESUME WRITING,AND FIRESIDE CHATS WITH INVITED GUESTS. A TOTAL OF 350 STUDENTS ATTENDED THESE SESSIONS. 5)IN RESPONSE TO THE DEMAND FOR A SAFE SPACE TO HEAL AND LEARN, LEAP PRESENTED ITS SECOND WELLNESS RETREAT FOR 27 API WOMEN IN HONOLULU, HI. PARTICIPANTS RECEIVED 3.5 DAYS OF LEARNING, SPACE FOR OPEN DIALOGUE AND SESSIONS TO PROMOTE HEALING AND EMOTIONAL WELLNESS.DONATED IN-KIND SERVICES FOR TRAVEL $56,257 AND SUPPLIES $5,021 191004 WORKSHOP SERIES - GENERAL LEADERSHIP EDUCATION THROUGH FORUMS, WORKSHOPS AND PRESENTATIONS. WORKSHOPS AND PRESENTATIONS WERE PRIMARILY DELIVERED ON A VIRTUAL PLATFORM. WORKSHOPS HELP PARTICIPANTS ENHANCE THEIR LEADERSHIP SKILLS, ADDRESS THE INFLUENCE OF PERCEPTIONS, BEHAVIORS, AND VALUES ON PERSONAL EFECTIVENESS, AND HELP FOSTER UNDERSTANDING OF API COMMUNITIES, CULTURES AND ISSUES. LENGTHS OF WORKSHOPS VARIED FROM ONE HOUR TO 4 HOURS. 126 WORKSHOPS WERE PRESENTED TO A TOTAL OF 5,276 PARTICIPANTS ACROSS THE UNITED STATES. LEAP ALSO DELIVERED MONTHLY PRESENTATIONS DURING, "LEAP CONNECT", FREE SESSIONS OPEN TO THE GENERAL PUBLIC THAT WERE IN INTERESTED IN CONNECTING TO A LARGER API COMMUNITY VIRTUALLY. 1,834 PARTICIPANTS JOINED THESE MONTHLY ONE-HOUR VIRTUAL GATHERINGS. 39851 2120156 true true false false false false false false false false true false false true true false true false false false false false false false true false false false true true false false false false false false false false true false false false false false false false false true 55 0 false 23 true false false false false false true true false 0 false false false false false false false X 16 15 false false false false false false false true true false false true true true true true true true true false CA X X X Grace Toy 2134851422 327 E 2nd Street 226 Los Angeles CA 90012 Grace Toy CFO 40.00 0.00 151347 0 24645 Linda Akutagawa President & CEO 40.00 0.00 X X 153856 0 21353 SHAHANA SHAH DIR OF DEVELOPMENT 40.00 0.00 119317 0 13655 ALEXANDER CENA DIR OF PROGRAMS 40.00 0.00 100027 0 12306 Jeffrey Hong Director 1.00 0.00 X 0 0 0 Kenneth Chung Director 1.00 0.00 X 0 0 0 Arti Arora Director 1.00 0.00 X 0 0 0 Mai Ton Chairman 2.50 0.00 X X 0 0 0 Wen-Fu Wu Vice Chair 2.50 0.00 X X 0 0 0 Denise Lopez Director 1.00 0.00 X 0 0 0 Shu Han Journay Director 1.00 0.00 X 0 0 0 Tami Bui Director 1.00 0.00 X 0 0 0 Ursula Quan Director 1.00 0.00 X 0 0 0 Rachel Gabato Treasurer 1.00 0.00 X 0 0 0 Annabel Sheron Secretary 1.00 0.00 X 0 0 0 Carlo Dela Fuente Director 1.00 0.00 X 0 0 0 Lillian Teng Director 1.00 0.00 X 0 0 0 Chris Yu Director 1.00 0.00 X 0 0 0 Tammy Tran Director 1.00 0.00 X 0 0 0 524547 71959 4 false true false 0 2114 330947 1336764 98788 1669825 Community Program Registr 611430 76425 76425 Exceed 611430 138500 138500 Leadership Dev Program 611430 73750 73750 Leadership workshops 611430 406880 406880 Path to Professional Succ 611430 302666 302666 998221 1614 1614 0 0 0 0 330947 159332 -159332 0 0 Miscellaneous Income 900099 13904 13904 13904 2524232 1012125 1614 0 96289 96289 0 0 167425 105468 53450 8507 0 833117 606225 185464 41428 29891 20053 8011 1827 96025 67375 25185 3465 78523 55854 18750 3919 0 5960 5960 12400 12400 0 0 0 5191 5191 0 101577 80218 16126 5233 26188 3327 19737 3124 0 44688 30577 14111 17049 9761 690 6598 0 1089947 1027704 47919 14324 0 0 9657 7243 2414 26234 10062 16172 Loss on sale of stock 4646 4646 Miscellaneous 1547 1547 Taxes and licenses 869 869 0 2647223 2120156 438642 88425 1242545 1195132 207621 183223 34030 0 371127 532950 0 0 0 0 56142 58481 93416 89322 12070 4094 0 0 0 0 3329 212391 1926864 2186271 326572 364485 297376 429216 212645 623948 1006346 X 949783 921854 353133 258071 1302916 1179925 1926864 2186271 -122991 X false true X true false X 731647 576858 1524489 1720596 1669825 6223415 0 0 731647 576858 1524489 1720596 1669825 6223415 0 6223415 3462 3738 1795 3896 1614 14505 0 375 619 932 5214 13904 21044 6258964 3042942 0.99430 0.99560 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 59250 59250 34166 30072 4094 4094 DEPOSITS 3666 RIGHT OF USE ASSETS - OPERATING 208725 212391 Lease Liability 212645 212645 2923762 206169 193361 399530 2524232 2524232 3012723 206169 159331 365500 2647223 2647223 Part XI, Line 2d: Other revenue amounts included in F/S but not included on form 990 AWARDS CELEBRATION $159331 EMPLOYEE RETENTION CREDIT - 2021 990 $31730 INTEREST INCOME FROM ERC - 2021 990 $2300 Part XII, Line 2d: Other expenses and losses per audited F/S AWARDS CELEBRATION $159331 X X X X X false CA Awards Virtual Celebration 330947 330947 159332 330947 330947 159332 159332 -159332 true 0 0 Intern stipends 15 96289 Grantmaker's Description of How Grants are Used Program coordinator communicates with interns and project managers of the Community Based Organization (CBO) where intern is placed. Performance and progress reports are conducted weekly with a final exit interview with both the intern and CBO project managers at the end of the 8 week internship. true true X X X X false false false false false false false false false Grace Toy CFO 151347 5784 18861 175992 Linda Akutagawa President & CEO 153856 6197 15156 175209 X 2 98788 FMV false true true Part I, Line 32, Hire and Use of Third Parties THE ORGANIZATION ENGAGES QUALIFIED THIRD PARTY FINANCIAL ADVISORS TO SELL DONATED STOCK RECEIVED FROM DONORS. Form 990, Part III, Line 4d OTHER PROGRAM SERVICES 4: INFORMING SOCIETY - IN THE CURRENT FISCAL YEAR, LEAP AS PART OF THE ALLIANCE FOR BOARD DIVERSITY AND ITS PARTNERSHIP WITH DELOITTE RELEASED "MISSING PIECES REPORT: THE BOARD DIVERSITY CENSUS OF WOMEN AND MINORITIES ON FORTUNE 500 BOARD, 7TH EDITION". THIS MULTI-YEAR STUDY PROVIDES POWERFUL METRICS ON THE SLOW CHANGE OF DIVERSITY IN CORPORATE BOARDROOMS, DESPITE THE RAPIDLY SHIFTING DEMOGRAPHICS IN THE USA. DATA IS PRESENTED WITH HOPES TO ENCOURAGE AND ADVOCATE CORPORATIONS TOWARDS GREATER INCREASE IN MINORITY AND WOMEN BOARD REPRESENTATION ON CORPORATE BOARDS. 2)LEAP ALSO BEGAN RESEARCH TO EXPAND UPON THE FINDINGS OF LEAP'S 2020 ASIAN AMERICAN EXECUTIVE LEADERSHIP REPORT. THIS STUDY WILL PROVIDE INSIGHTS INTO THE SUPPORTING MECHANISMS, THE ORGANIZATIONAL BARRIERS AND THE CHARACTERISTICS OF VPS AND DIRECTORS LEADING IN MULTIPLE SECTORS (CORPORATE, NONPROFIT, HIGHER EDUCATION, AND GOVERNMENT).DONATED IN-KIND CONTRIBUTION FROM RESEARCH CONSULTANT FOR REDUCED FEES OF $8,720 Form 990, Part VI, Section B, Line 11b The Audit Committee or designated Board member other than the Treasurer has the responsibility for reviewing the organization's Form 990 (including all pertinent schedules)and presenting it the Executive Committee for approval before it is filed with the Internal Revenue Service. In conducting its review of the draft of the Form 990, the audit committee or identified Board member other than the Treasurer conducts a top-level type of review. However, if it is desired or deemed necessary to conduct a more detailed review of the Form 990, then the Audit Committee or identified Board member has the authority to contact the preparer of the Form 990 (CFO) to request copies of relevant detailed tax return workpapers. After the Form 990 has been approved by the Executive Committee, it is emailed to the Board and then filed with the Internal Revenue Service. A presentation is made at the next Board of Directors meeting to update the full Board regarding its review of the Form 990. Form 990, Part VI, Section B, Line 12c The filing organization enforces compliance with their conflict of interest policy by annually administering a conflict of interest questionnaire. All Board members are required to annually review and complete the conflict of interest questionnaire to disclose any previously undisclosed conflicts of interest. Once identified, conflicts of interest are addressed as set forth in the Organization's Conflict of Interest Policy. Form 990, Part VI, Section B, Line 15b The Executive Committee of the Board relies upon comparability data to determine and approve the compensation of the President and CEO. The Executive Committee utilizes resources such as similarly situated exempt organizations in their area to benchmark pay along with market information from other exempt organizations to assess the competitiveness and reasonableness of the compensation. The full Board is also requested to complete an evaluation of the President and CEO. Once a decision has been made by the committee, it is then presented in Executive Session (President and CEO is excused and recused from voting) to the full Board for a vote to approve. A similar process is developed and implemented by the President and CEO for evaluation of key employees and the staff. Form 990, Part VI, Section C, Line 19 The required organizational documents of LEAP are available (for inspection or copying) on LEAP's website and at LEAP's main office during normal business hours at no charge. The public inspection copy of LEAP's Form 990, from the previous three years (at a minimum), are available (for inspection or copying) on LEAP's website and at LEAP's main office during normal busines hours at no charge. The public inspection copy of the Form 990 will not include Schedule B with the names and addresses of contributors. LEAP will make best efforts to ensure that the Forms 990 on its website and held at their main office are the most updated versions of such. When responding to a public inspection request for any organizational document or Form 990 by anyone, the organization shall fulfill such request in a timely manner without inquiring as to the reason for the public inspection request.The organization's Form 990 is also available through Guidestar at www.guidestar.org. Additional governance and LEAP policies are also available on LEAP's website. Form 990, Part VI, Section A, Line 1a The governing body of the filing organization has delegated the Executive Committee to act on behalf of the governing body on specifically identified matters discussed at Board Meetings. Such authorizations are recorded in the full Board minutes. Members of the Executive Committee are the Chair, Immediate Past Chair, Vice Chairs, Secretary, Treasurer and President and CEO. The Executive Committee meets twice per quarter via teleconference calls which are documented in Executive Committee Minutes. Actions by the Executive Committee are reported by the Board Chair at the quarterly Board Meetings Form 990, Part VII, Line 5, Column F Employer contribution to 401(k) Linda Akutagawa, President and CEO $6,197Grace Toy, SVP of Administration and CFO $5,784Shahana Shah, Director of Development $5,231Alexander Cena, Director of Programs $4,233Medical and dental premiumsLinda Akutagawa, President and CEO $15,156Grace Toy, SVP of Administration and CFO $18,861Shahana Shah, Director of Development $8,424Alexander Cena, Director of Programs $4,233