2023-09-13T14:51:43-07:00 2022-10-31 954806079 Kiyohara & Takahashi LLP 6055 E Washington Blvd Ste 690 Commerce CA 90040 990 2021-11-01 953879677 Leadership Education for Asian Pacifics Inc LEAD 2134851422 327 E 2nd Street 226 Los Angeles CA 90012 Linda Akutagawa President & CEO 2023-09-13 true Linda Akutagawa 999009999 Pia C Eckhert CPA P00646377 3232781300 2 AAL1 IAL1 FAL1 2021 2023-04-26 12:10:37Z Linda Akutagawa 327 E 2nd Street 226 Los Angeles CA 90012 2819817 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 18 10 0 1524489 1720597 334100 1090110 1795 3896 -156928 -139991 1703456 2674612 13980 39764 0 682432 953191 0 87383 574166 1152765 1270578 2145720 432878 528892 1718535 1926864 944509 623948 774026 1302916 X Leap's mission is to achieve full participation and equality for Asian and Pacific Islanders through leadership, empowerment and policy. false false 915176 DEVELOPING PEOPLE - LEADERSHIP DEVELOPMENT AND TRAINING PROGRAMS FOR UPPER MANAGEMENT ASIAN AND PACIFIC ISLANDERS (API). SUCH PROGRAMS INCLUDED: 1) CUSTOMIZED 3-DAY PATHWAYS PROGRAM FOR COMPANIES SEEKING TO INCREASE THE SUCCESS OF THEIR API TECHNICAL AND PROFESSIONAL STAFF. CONDUCTED 4 VIRTUAL PROGRAMS WITH 53 PARTICIPANTS. EACH PARTICIPANT SPENT 24 HOURS OVER A COURSE OF SIX DAYS. 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 ON IN-PERSON AT KELLOGG WEST CONFERENCE CENTER IN POMONA, CA FOR 32 PARTICIPANTS. EACH PARTICIPANT SPENT 19.5 HOURS OVER 5.5 DAYS. A HIGHER EDUCATION SYMPOSIUM WAS DELIVERED FOR 82 ALUMNI FOR 2.5 DAYS OF LEARNING AND TO CELEBRATE THE PROGRAM'S 25TH ANNIVERSARY 3) LEAP EXCEED, A VIRTUAL EXECUTIVE LEADERSHIP PROGRAM FOR SENIOR MANAGERS AND DIRECTORS CONDUCTED 6 PROGRAMS TO 76 PARTICIPANTS WHO SPENT 24 HOURS OVER 6 DAYS. EACH PARTICIPANT RECEIVES 12 HOURS OF EXECUTIVE COACHING SESSIONS. DONATED IN-KIND SERVICES FROM TRAINERS AND CONSULTANTS FOR $15,000 AND $1,025 FOR SUPPLIES 545184 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 2022, PROGRAMS INCLUDED 1) LEAP IMPACT (VIRTUAL PLATFORM) 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 20 API SENIOR MANAGERS. EACH PARTICIPANT GAINED 40 HOURS OF LEADERSHIP DEVELOPMENT TRAINING AND 8 HOURS OF EXECUTIVE COACHING. AN INAUGURAL IMPACT ALUMNI EVENT WAS PRESENTED FOR 3 DAYS OF LEARNING, RE-ENERGIZING AND RE-CONNECTING FOR 21 NONPROFIT LEADERS IN LOS ANGELES. 2)LEAP EMERGE, 10 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 A WEBSITE RESOURCE FOR ASIAN AMERICAN WOMEN. THE PROJECT CAN BE VIEWED ON LEAP'S WEBSITE AT WWW.LEAP.ORG 3)IN RESPONSE TO THE DEMAND FOR A SAFE SPACE TO HEAL AND LEARN, LEAP PRESENTED ITS INAUGURAL WELLNESS RETREAT FOR 42 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 FROM TRAINERS $2,000,TRAVEL $52,320 AND SUPPLIES $2,404 249819 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. 98 WORKSHOPS WERE PRESENTED TO A TOTAL OF 6,294 PARTICIPANTS ACROSS THE UNITED STATES. LEAP ALSO LAUNCHED A SERIES OF WORKSHOPS, "LEAP CONNECT", FREE WORKSHOPS/PRESENTATIONS OPEN TO THE GENERAL PUBLIC THAT WERE IN NEED AND INTERESTED IN CONNECTING TO A LARGER COMMUNITY VIRTUALLY AS THE COUNTRY RECOVERED FROM THE PANDEMIC. 973 PARTICIPANTS JOINED THESE MONTHLY ONE-HOUR VIRTUAL GATHERINGS. 11647 1721826 true true false false false false false false false false true false false false false 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 41 0 false 18 true false false false false false true true false 0 false false false false false false false X 16 15 true 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 130028 0 22195 Linda Akutagawa President & CEO 40.00 0.00 X X 128929 0 17653 Jeffrey Hong Director 1.00 0.00 X 0 0 0 Erik Takayesu Director 1.00 0.00 X 0 0 0 Bradley Cooper Vice Chair 2.50 0.00 X X 0 0 0 Mai Ton Chairman 2.50 0.00 X X 0 0 0 Wen-Fu Wu Treasurer 2.50 0.00 X X 0 0 0 Denise Lopez Director 1.00 0.00 X 0 0 0 George Wu Immed Past Chr 2.50 0.00 X 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 Director 1.00 0.00 X 0 0 0 Annabel Sheron Director 1.00 0.00 X 0 0 0 Jim Lactaoen Vice Chair 1.50 0.00 X X 0 0 0 Lillian Teng Director 1.00 0.00 X 0 0 0 William Kaneko Secretary 1.50 0.00 X X 0 0 0 Tammy Tran Director 1.00 0.00 X 0 0 0 258957 39848 2 false true false 0 1022 336763 31730 1351082 99562 1720597 Community Program Registr 611430 62415 62415 Exceed 611430 358000 358000 Leadership Dev Program 611430 94829 94829 Leadership workshops 611430 462366 462366 Path to Professional Succ 611430 112500 112500 1090110 3896 3896 0 0 0 0 336763 145205 -145205 -145205 0 0 Miscellaneous Income 900099 5214 5214 5214 2674612 1095324 -141309 0 39764 39764 0 0 159543 115997 32420 11126 0 621627 443362 128064 50201 20253 14129 5099 1025 81967 58981 17766 5220 69801 49981 14340 5480 0 6231 6231 10510 10510 0 0 0 14960 14960 0 77115 56592 12870 7653 20972 4220 16752 0 39360 29520 9840 6523 3406 180 2937 0 943858 890143 49974 3741 2335 2335 0 9753 7315 2438 21816 8416 13400 Taxes and licenses 815 815 Miscellaneous 569 569 Contributions 305 305 Gain on sale of stock -2357 -2357 0 2145720 1721826 336511 87383 1223804 1242545 204924 207621 34030 231263 371127 0 0 0 0 34972 56142 110400 98330 20243 12070 0 0 0 0 3329 3329 1718535 1926864 194966 326572 598355 297376 11176 140012 944509 623948 X 422281 949783 351745 353133 774026 1302916 1718535 1926864 X 528892 -2 X false true X true false X 773075 731647 576858 1524489 1720596 5326665 0 0 773075 731647 576858 1524489 1720596 5326665 0 5326665 1556 3462 3738 1795 3896 14447 0 2087 375 619 932 5214 9227 5350339 2689024 0.99560 0.99570 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 59250 57080 2170 51150 41250 9900 12070 3154189 368402 145205 513607 2640582 34030 34030 2674612 2659327 368402 145205 513607 2145720 2145720 Part XI, Line 2d: Other revenue amounts included in F/S but not included on form 990 AWARDS CELEBRATION $145205 Part XI, Line 4b: Other revenue amounts included on 990 but not included in F/S EMPLOYEE RETENTION CREDIT REC'D IN 2023 $31730 INTEREST INCOME FROM ERC $2300 Part XII, Line 2d: Other expenses and losses per audited F/S AWARDS CELEBRATION $145205 X X X X X false CA Awards Virtual Celebration 336763 336763 43750 101455 336763 336763 43750 101455 145205 -145205 true 0 0 Intern stipends 10 39764 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 130028 22195 152223 X 2 99562 FMV false true true Form 990, Part III, Line 4d: Other Program Services Description 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 BEGAN PLANNING FOR THE "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). Form 990, Part VI, Line 2: Description of Business or Family Relationship of Officers, Directors, Et Two independent Board members are cousins and are employed by the same organization. Form 990, Part VI, Line 11b: Form 990 Review Process 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, Line 12c: Explanation of Monitoring and Enforcement of Conflicts 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, Line 15b: Compensation Review and Approval Process for Officers and Key Employees 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, Line 19: Other Organization Documents Publicly Available 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. Other Changes In Net Assets Or Fund Balances - Other Decreases Rounding = -$2 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 $5,157Grace Toy, SVP of Administration and CFO $5,201Medical and dental premiumsLinda Akutagawa, President and CEO $12,496Grace Toy, SVP of Administration and CFO $16,994