2023-07-17T09:33:58-05:00 2022-08-31 131655065 LUTZ AND CARR CPAS LLP 551 FIFTH AVENUE SUITE 400 NEW YORK NY 10176 990 2021-09-01 331071771 LEADERSHIP ENTERPRISE FOR A DIVERSE AMERICA LEAD 6467870628 315 WEST 39TH STREET SUITE 607 NEW YORK NY 10018 DAVID GARZA EXECUTIVE DIRECTOR 6467870628 2023-07-14 1 DAVID GARZA 999009999 FREDERICK MARTENS P00298107 2126972299 3 AAL1 IAL1 2021 2023-04-26 12:10:37Z DAVID GARZA 315 WEST 39TH STREET SUITE 607 NEW YORK NY 10018 2611793 0 X LEDASCHOLARS.ORG X 2003 NY SEE SCHEDULE O 21 21 63 71 0 0 2021804 2504224 0 0 474 -677 5680 7982 2027958 2511529 0 0 0 0 2286322 2101284 0 0 411421 706445 1115923 2992767 3217207 -964809 -705678 3072693 2003452 561185 197622 2511508 1805830 X LEADERSHIP ENTERPRISE FOR A DIVERSE AMERICA (LEDA) EMPOWERS A COMMUNITY OF EXCEPTIONAL YOUNG LEADERS FROM UNDER-RESOURCED BACKGROUNDS BY SUPPORTING THEIR HIGHER EDUCATION AND PROFESSIONAL SUCCESS IN ORDER TO CREATE A MORE INCLUSIVE AND EQUITABLE COUNTRY. 0 0 1648775 LEDA SCHOLARS PROGRAMASPECTS OF LEADERSHIP SUMMER INSTITUTE: COHORT 18 ATTENDED THE ASPECTS OF LEADERSHIP SUMMER INSTITUTE IN-PERSON AT PRINCETON UNIVERSITY. LEDA SCHOLARS RECEIVED WRITING INSTRUCTION, LEADERSHIP DEVELOPMENT, TEST PREPARATION, COLLEGE GUIDANCE, AND MULTIPLE COMMUNITY BUILDING ACTIVITIES. THE INSTITUTE ALSO FEATURED IN-PERSON PRESENTATIONS BY ADMISSIONS REPRESENTATIVES FROM SEVERAL COLLEGES AND UNIVERSITIES, INCLUDE COLLEGE CAMPUS VISITS. THE SUMMER INSTITUTE DEVELOPS SCHOLARS' LEADERSHIP SKILLS, STRENGTHENS ACADEMIC WRITING AND CRITICAL THINKING SKILLS, BUILDS A LASTING SCHOLAR COMMUNITY, AND PREPARES SCHOLARS TO APPLY TO HIGHLY SELECTIVE COLLEGES. RECRUITMENT AND ADMISSION:IN FISCAL YEAR 2022, RECRUITMENT EFFORTS SPANNED ALL 50 U.S. STATES AND WASHINGTON D.C. STAFF CONDUCTED VIRTUAL AND IN-PERSON INFORMATION SESSIONS AT NEARLY 100 HIGH SCHOOLS THROUGHOUT THE COUNTRY, SPEAKING TO HUNDREDS OF STUDENTS AND CONNECTING WITH DOZENS OF COMMUNITY-BASED ORGANIZATIONS. LEDA RECEIVED AN AVERAGE OF 1,300 APPLICATIONS, ADMITTING 102 STUDENTS FROM 36 STATES THROUGHOUT THE COUNTRY. THE AVERAGE HOUSEHOLD INCOME FOR INCOMING COHORT 18 SCHOLARS WAS $36,500 AND 87% ARE FIRST-GENERATION COLLEGE STUDENTS REPRESENTING DIVERSE RACIAL AND ETHNIC BACKGROUNDS.COLLEGE GUIDANCE:LEDA SCHOLARS RECEIVED IN-DEPTH ADVISING ON THE COLLEGE APPLICATION PROCESS STARTING AT SUMMER INSTITUTE AND CONTINUING THROUGH THE ACADEMIC YEAR. LEDA STAFF PROVIDED ONE-ON-ONE COUNSELING SESSIONS WITH SCHOLARS, INDIVIDUALIZED RECOMMENDATION LETTERS, FINANCIAL AID AND SCHOLARSHIP APPLICATION ASSISTANCE, AND SUPPORT WITH COMPLETING COLLEGE ESSAYS. COHORT 17'S MATRICULATION RATES WERE AS FOLLOWS: 97% WERE ADMITTED TO A MOST COMPETITIVE COLLEGE, WITH 88% MATRICULATING, AND 57% WERE ADMITTED TO AN IVY LEAGUE INSTITUTION, MASSACHUSETTS INSTITUTE OF TECHNOLOGY (MIT), OR STANFORD UNIVERSITY. COLLEGE SUCCESS:OVER THE COURSE OF FISCAL YEAR 2022, LEDA'S COLLEGE SUCCESS PROGRAM PROVIDED SUPPLEMENTAL ACADEMIC ADVISING AND SOCIAL-EMOTIONAL COUNSELING SUPPORT TO FIRST YEAR COLLEGE STUDENTS, RETURNING STUDENTS, AND GRADUATING SENIORS IN COLLEGE. LEDA ALSO SHARED LEADERSHIP DEVELOPMENT OPPORTUNITIES AND COLLEGE COMPLETION RESOURCES, PROVIDED EMERGENCY GRANT ASSISTANCE AND POST-GRADUATE PLANNING SUPPORT, ORGANIZED COMMUNITY-BUILDING ACTIVITIES, AND SUPPORTED FIRST-YEAR SCHOLARS WITH PEER MENTORING SUPPORT SERVICES. STAFF CONDUCTED 585 FORMAL CHECK-INS; SCHOLARS WERE VISITED THROUGH FORMAL AND INFORMAL CAMPUS VISITS; AND LEDA'S PEER MENTOR PROGRAM HAS ONE OF ITS MOST SUCCESSFUL YEARS YET, WITH 178 FIRST-YEAR COLLEGE STUDENTS OPTING INTO THE PROGRAM, MORE THAN DOUBLE FROM THE PRIOR YEAR. 490164 LEDA CAREER AND ALUMNI SERVICESIN FISCAL YEAR 2022, LEDA'S CAREER AND ALUMNI SERVICES TEAM PREPARED HIGH-ACHIEVING, LOW-INCOME UNDERGRADUATE STUDENTS FOR FUTURE LEADERSHIP ROLES, INCLUDING A DEEPER AND MORE TARGETED FOCUS ON CAREER EXPLORATION, PROFESSIONAL DEVELOPMENT, AND CAREER COACHING. THE LEDA CAREER NETWORK INCLUDES A FLAGSHIP FIVE-DAY CAREER INSTITUTE. IN 2022, THE LEDA CAREER INSTITUTE RETURNED TO NYU LAW FOR AN IN-PERSON DEBUT. LEDA ACCEPTED 101 CAREER FELLOWS, WITH 91% IDENTIFYING AS STUDENTS OF COLOR AND 84% IDENTIFYING AS FIRST-GENERATION COLLEGE STUDENTS, REPRESENTING 42 COLLEGES. LEDA ALSO WORKED WITH MORE THAN 20 EMPLOYER PARTNERS TO OFFER STUDENTS ACCESS TO INTERNSHIP AND CAREER OPPORTUNITIES. 225634 LEDA POLICY PROJECTIN FISCAL YEAR 2022, THE LEDA POLICY PROJECT CONTINUED TO ELEVATE THE VOICES OF STUDENTS FROM UNDERREPRESENTED BACKGROUNDS TO INFORM FEDERAL EDUCATION POLICY CONVERSATIONS. THE 2021-2022 POLICY CORPS WAS COMPOSED OF 20 LEDA SCHOLARS AND CAREER FELLOWS. POLICY CORPS MEMBERS PARTICIPATED IN AN IN-DEPTH FALL FEDERAL POLICY AND ADVOCACY TRAINING IN WASHINGTON DC. THEY ALSO AMPLIFIED STUDENT PERSPECTIVES ON VARIOUS ASPECTS OF FEDERAL EDUCATION POLICY THROUGH THEIR PARTICIPATION AT VARIOUS VIRTUAL EVENTS AND IN PRINT MEDIA THROUGH STORYTELLING AND OP-ED WRITING. 2364573 1 1 0 0 0 0 0 0 0 0 1 0 0 0 1 0 1 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 51 0 63 1 0 0 0 0 0 1 1 0 0 0 0 0 0 X 21 21 1 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 0 0 NY NJ X THE ORGANIZATION 6467870628 315 WEST 39TH STREET SUITE 607 NEW YORK NY 10018 ANDREW FISHER CHAIR 3.00 X X 0 0 0 ARUN ALAGAPPAN VICE PRESIDENT 3.00 X X 0 0 0 ERIC MENDEZ TREASURER 3.00 X X 0 0 0 EDEN ABRAHAMS TRUSTEE 1.00 X 0 0 0 LAWRENCE BASCOM TRUSTEE 3.00 X 0 0 0 ANDERS BRAG TRUSTEE 2.00 X 0 0 0 SENDER COHEN TRUSTEE 1.00 X 0 0 0 JORDAN DICKSON TRUSTEE 1.00 X 0 0 0 ALEXANDRA ENGLER TRUSTEE 2.00 X 0 0 0 FREDERICK FOGEL TRUSTEE 1.00 X 0 0 0 LUCY FRIEDMAN TRUSTEE 1.00 X 0 0 0 JESSE FURMAN TRUSTEE 1.00 X 0 0 0 ENRIQUE FOSTER GITTES TRUSTEE 2.00 X 0 0 0 GUSTAVO GONZALEZ TRUSTEE 3.00 X 0 0 0 WARREN HABER TRUSTEE 1.00 X 0 0 0 YELKA KAMARA TRUSTEE 2.00 X 0 0 0 PIOTR KAMINSKI TRUSTEE 1.00 X 0 0 0 SHULY LEVIANT TRUSTEE 1.00 X 0 0 0 HILARY PARKER TRUSTEE 1.00 X 0 0 0 CRISTINA PIERETTI TRUSTEE 1.00 X 0 0 0 JOHN ROBERTS TRUSTEE 3.00 X 0 0 0 ELIZABETH SALINAS TRUSTEE 1.00 X 0 0 0 LOIS SEVERINI TRUSTEE 2.00 X 0 0 0 EDWARD STRONG TRUSTEE 1.00 X 0 0 0 LEX SUVANTO TRUSTEE 1.00 X 0 0 0 ANTHONY YOSELOFF TRUSTEE 1.00 X 0 0 0 DAVID GARZA EXCUTIVE DIRECTOR 40.00 X X 0 0 0 ILANA GOLDMAN INTERIM EXCUTIVE DIRECTOR 40.00 X X 45577 0 0 KEISHA TAFFEE SR. DIR OF CAREER & ALUMNI SERVICES 40.00 X 110666 0 12417 CRISTINA MORAIS SR. DIR OF DEVELOPMENT 40.00 X 126062 0 9589 TARA GELLENE SR. DIR OF PROGRAMS 40.00 X 116119 0 9593 398424 0 31599 3 0 0 0 0 881617 350430 1272177 40465 2504224 406 406 24828 25911 -1083 -1083 -1083 74353 881617 74353 0 MISCELLANEOUS 900099 7982 7982 7982 2511529 0 0 7305 195915 66611 50938 78366 1522536 1283046 54801 184689 24893 19947 1355 3591 206892 162539 12709 31644 151048 118666 9279 23103 132274 132274 193891 88317 86629 18945 3792 1122 1440 1230 108670 69538 22053 17079 197854 147998 11946 37910 40911 26495 11937 2479 7018 5514 431 1073 69885 54903 4293 10689 STUDENT HOUSING/TRAVEL 254709 254709 STUDENT SUPPORT 38979 38979 PAYROLL SERVICES/FEES 32855 103 32239 513 EDUCATION MATERIALS 16547 16547 18538 9539 8889 110 3217207 2364573 441213 411421 1216565 583091 1010887 1000490 683280 341065 77528 1391 82434 63135 26317 19299 58116 58116 3072693 2003452 153817 147988 350430 56938 49634 561185 197622 X 1838731 1477000 672777 328830 2511508 1805830 3072693 2003452 -705678 0 X 0 1 X 1 0 X 3832943 3615630 3993331 2021804 2504224 15967932 3832943 3615630 3993331 2021804 2504224 15967932 1760543 14207389 297 514 704 474 406 2395 7522 12281 20767 5680 7982 54232 16024559 74925 0.88660 0.86340 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 33309 33309 0 49125 29826 19299 19299 DEFERRED RENT 49634 49634 3775248 1263719 1263719 2511529 0 2511529 4480926 1263719 1263719 3217207 0 3217207 ANNUAL GALA 955970 881617 74353 72395 1958 955970 881617 74353 72395 1958 74353 0 X 2 23917 FAIR MARKET VALUE X EDUC. MAT'LS 2 16548 0 0 1 0 FORM 990, PART I, LINE 1 LEADERSHIP ENTERPRISE FOR A DIVERSE AMERICA (LEDA) EMPOWERS A COMMUNITY OF EXCEPTIONAL YOUNG LEADERS FROM UNDER-RESOURCED BACKGROUNDS BY SUPPORTING THEIR HIGHER EDUCATION AND PROFESSIONAL SUCCESS IN ORDER TO CREATE A MORE INCLUSIVE AND EQUITABLE COUNTRY. LEDA BELIEVES THAT SELECTIVE COLLEGES ARE NOT ONLY A GATEWAY TO OPPORTUNITY, BUT A NEXUS FOR THE DEVELOPMENT OF LEADERSHIP IN EVERY FIELD. BY HELPING TALENTED STUDENTS FROM UNDER-RESOURCED BACKGROUNDS ACCESS THESE INSTITUTIONS AND PROVIDING THEM WITH THE TOOLS NECESSARY TO SUCCEED IN THEIR CAREERS AND BEYOND, LEDA SEEKS TO ENSURE THAT THIS COUNTRY'S LEADERSHIP IS TRULY REFLECTIVE OF ITS CITIZENRY. LEDA'S VISION IS TO BUILD AN INCLUSIVE AND EQUITABLE AMERICA WHERE LEADERSHIP REFLECTS, CELEBRATES, AND SUPPORTS DIVERSE PERSPECTIVES. FORM 990, PART VI, SECTION A, LINE 2 ENRIQUE FOSTER GITTES AND LOIS SEVERINI - FAMILY RELATIONSHIP. JOHN ROBERTS AND ARUN ALAGAPPAN - BUSINESS RELATIONSHIP. ENRIQUE FOSTER GITTES AND WARREN HABER - BUSINESS RELATIONSHIP. FORM 990, PART VI, SECTION B, LINE 11B FORM 990 IS REVIEWED BY THE ORGANIZATION'S FINANCIAL MANAGEMENT CONSULTANTS, AND THE EXECUTIVE DIRECTOR, AND IS THEN PROVIDED TO LEDA'S BOARD OF TRUSTEES PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C LEDA HAS SET IN PLACE EFFECTIVE MECHANISMS THAT ALLOW STAFF TO COMMUNICATE INFORMATION TO MANAGEMENT AND MANAGEMENT TO COMMMUNICATE ORGINIZATIONAL POLICIES. THESE MECHANISMS INCLUDE: REGULAR STAFF MEETINGS, REGULAR MEETINGS BETWEEN STAFF AND IMMEDIATE SUPERVISORS, AND ANNUAL EMPLOYEE PERFORMANCE EVALUATIONS. EACH LEDA EMPLOYEE RECEIVES A PERSONNEL MANUAL WHEN THEY BEGIN EMPLOYMENT. THE MANUAL EMPHASIZES LEDA'S CORE VALUES (EXCELLENCE, INTEGRITY, COMPASSION, COMMUNITY) AND OUTLINES THE ORGANIZATION'S EXPECTATIONS FOR CONDUCT. LEDA'S BOARD OF DIRECTORS, EXECUTIVES, AND SENIOR STAFF ARE REQUIRED TO SIGN THE ORGANIZATION'S CONFLICT OF INTEREST POLICY ANNUALLY, AND ARE EXPECTED TO DISCLOSE ANY CONFLICTS AS THEY MAY ARISE. THE EXECUTIVE DIRECTOR ALSO MONITORS PROPOSED OR ONGOING TRANSACTIONS OF THE ORGANIZATION FOR CONFLICTS OR POTENTIAL CONFLICTS. SENIOR STAFF WOULD DISCLOSE ANY RELEVANT TRANSACTIONS TO THE EXECUTIVE DIRECTOR. THE EXECUTIVE DIRECTOR AND BOARD MEMBERS WOULD DISCLOSE ANY RELEVANT TRANSACTIONS TO THE CHAIR OF THE BOARD OR THE CHAIR OF THE GOVERNANCE COMMITTEE. WHEN A CONFLICT INVOLVES A DECISION-MAKER, THE PERSON WITH THE CONFLICT ("INTERESTED PARTY") MUST FULLY DISCLOSE THE CONFLICT TO ALL OTHER DECISION-MAKERS, AND MAY NOT BE INVOLVED IN THE DECISION OF WHAT ACTION TO TAKE, BUT MAY SERVE AS A RESOURCE TO PROVIDE OTHER DECISION-MAKERS WITH NEEDED INFORMATION. IN CASES IN WHICH THE CONFLICT WAS REFERRED TO THE FULL GOVERNANCE COMMITTEE, THE FACT THAT A CONFLICT WAS REFERRED AND MANAGED, AS WELL AS THE OUTCOME, MUST BE REPORTED, WHERE APPLICABLE, TO OTHER APPROPRIATE COMMITTEE(S) OF THE BOARD. THE CHAIR OF THE BOARD, WORKING WITH THE COMMITTEE(S), IF APPLICABLE, MUST REPORT THE FACT THAT THE CONFLICT WAS MANAGED TO THE FULL BOARD AND THE REPORT MUST BE RECORDED IN THE MINUTES OF A BOARD MEETING. FORM 990, PART VI, SECTION B, LINE 15A THE LEDA BOARD ANNUALLY REVIEWS THE EXECUTIVE DIRECTOR'S COMPENSATION BY THE FOLLOWING PROCESS: THE COMPENSATION COMMITTEE RESEARCHES SALARY DATA IN RELATION TO NON-PROFIT ORGANIZATIONS OF COMPARABLE SCOPE AND SIZE. IN A MEETING OF THE FULL BOARD, IN THE ABSENCE OF THE EXECUTIVE DIRECTOR, A VOTE IS TAKEN REGARDING THE EXECUTIVE DIRECTOR'S COMPENSATION FOR THE UPCOMING YEAR. THE BOARD KEEPS NOTES OF THE MEETINGS, DOCUMENTING THE BASIS FOR ITS DETERMINATION OF THE EXECUTIVE DIRECTOR'S COMPENSATION. FORM 990, PART VI, SECTION C, LINE 19 THESE DOCUMENTS ARE MADE AVAILABLE UPON REQUEST.