2022-05-09T08:12:31-05:00 2021-06-30 362170602 WARADY & DAVIS LLP 1717 DEERFIELD RD SUITE 300S DEERFIELD IL 60015 990 2020-07-01 464784152 LEAP INNOVATIONS LEAP 3128097029 20 W KINZIE STREET NO 1500 CHICAGO IL 60654 PHYLLIS LOCKETT PRESIDENT & CEO 3128097029 2022-05-02 1 PHYLLIS LOCKETT 999009999 SUSAN GREGGO P00595460 8472679600 3 AAL1 IAL1 2020 2022-09-23 18:48:47Z PHYLLIS LOCKETT 20 W KINZIE STREET NO 1500 CHICAGO IL 60654 3831647 0 X WWW.LEAPINNOVATIONS.ORG X 2013 IL TO CREATE EQUITABLE PERSONALIZED LEARNING EXPERIENCES FOR LEARNERS TO REACH THEIR FULL POTENTIAL. 9 8 47 8 0 0 4231098 3114628 1703053 611316 49414 5229 3000 0 5986565 3731173 290000 0 0 0 5360128 3552359 0 0 323273 3439900 1681394 9090028 5233753 -3103463 -1502580 4423104 3799692 1328682 2263004 3094422 1536688 X TO CREATE EQUITABLE PERSONALIZED LEARNING EXPERIENCES FOR LEARNERS TO REACH THEIR FULL POTENTIAL. 0 0 1333447 581416 THE LEAP PILOT NETWORK PILOTS AND EVALUATES THE BEST LEARNING TECHNOLOGIES AND HELPS SCALE WHAT WORKS. WE LOOK GLOBALLY TO IDENTIFY THE BEST SOLUTIONS FOR KEY LEARNING GAPS AND THEN PILOT THEM IN REAL-LIFE LEARNING SITUATIONS. WE SEE WHAT WORKS WITH RESEARCH BASED ON NATIONAL STANDARDS, AND THEN SCALE THE BEST SOLUTIONS. 1056392 29900 PROFESSIONAL LEARNING- LEAP HAS CREATED PROFESSIONAL LEARNING OFFERINGS AND A PERSONALIZED FRAMEWORK TO HELP BUILD CAPACITY AMONG EDUCATORS TO IMPLEMENT PERSONALIZED LEARNING, LOCALLY AND ACROSS THE COUNTRY.ACTIVATE AND THE LEARNING NETWORK PROVIDE A SPECTRUM OF PROFESSIONAL LEARNING FOR EDUCATORS INTERESTED IN GROWING THEIR PERSONALIZED LEARNING PRACTICES. ACTIVATE OFFERS AN INTRODUCTION TO PERSONALIZED LEARNING THROUGH A DEEP DIVE INTO LEARNER FOCUSED AND LEARNER LED; LEAP LEARNING NETWORK IS A COMMUNITY OF PRACTICE FOR LEAP EDUCATORS WHO WOULD LIKE TO CONTINUE THEIR PROFESSIONAL DEVELOPMENT IN PERSONALIZED LEARNING. 601869 RESEARCH - THROUGH AGILE CYCLES OF DATA COLLECTION, ANALYSIS, AND REPORTING, RESEARCH STRIVES TO UNDERSTAND LEARNERS (TEACHERS AND STUDENTS), THEIR CONTEXT, INTERVENTION AND IMPLEMENTATION EXPERIENCES, AND OUTCOMES, FOR THE PURPOSE OF ESTABLISHING BEST PRACTICES IN PERSONALIZED LEARNING. 145541 THE LEAP EVENTS TEAM CONVENES EDUCATORS, TECH COMPANIES, ENTREPRENEURS, INNOVATIVE THOUGHT LEADERS, AND OTHERS TO COLLABORATE AND DRIVE INNOVATION THROUGH PROGRAMMING, NETWORKING OPPORTUNITIES, AND OTHER EDUCATIONAL EXPERIENCES. 145541 3137249 1 1 0 0 0 0 0 0 0 0 1 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 33 0 47 1 0 0 0 0 0 0 0 0 0 0 0 0 X 9 8 0 0 0 0 1 0 1 1 0 0 0 1 1 1 1 1 1 1 0 0 IL X SILVIA KOSOVICH 3128097029 20 W KINZIE STREET SUITE 1500 CHICAGO IL 60654 PHYLLIS LOCKETT PRESIDENT & CEO 40.00 X X 333871 0 25223 MICHAEL ALTER CHAIR 0.50 X X 0 0 0 TIMOTHY SCHWERTFEGER DIRECTOR 0.50 X 0 0 0 ULRIK CHRISTENSEN DIRECTOR 0.50 X 0 0 0 MICHAEL MOE DIRECTOR 0.50 X 0 0 0 DAVID LEVY DIRECTOR 0.50 X 0 0 0 LEO MELAMED DIRECTOR 0.50 X 0 0 0 HELAYNE JONES DIRECTOR 0.50 X 0 0 0 HARRIET SEITLER DIRECTOR 0.50 X 0 0 0 EMILY BADER SR DIR OF MARKETING COMMUNICATIONS 40.00 X 168150 0 27978 ELIZABETH HINMAN MANAGING DIR, GROWTH & INNOVATION 40.00 X 199341 0 18349 TIM HARDY MANAGING DIRECTOR, SHARED SERVICES 40.00 X 199217 0 19721 BARBARA VIJUK DIRECTOR OF ADMINISTRATION 40.00 X 144895 0 36747 BETH HERBERT CHIEF OF STAFF 40.00 X 136127 0 15253 ERIN FIGULA SR DIR, PROGRAMS & LEARNING DESIGN 40.00 X 149671 0 16206 JILLIAM JOE SR DIR, LEARNING INSIGHTS & RESEARCH 40.00 X 152940 0 11963 1484212 0 171440 9 0 1 0 WHITEBOARD ADVISORS 4005 WISCONSIN AVE NW BOX 9535 WASHINGTON DC 200169997 163573 1 499658 2614970 2625 3114628 ELEVATE 611710 320719 320719 PILOT NETWORK FEES 611710 229226 229226 LEAP EDUCATION 611430 31471 31471 PROFESSIONAL LEARNING 611710 29900 29900 611316 9142 9142 96561 100474 -3913 -3913 -3913 3731173 611316 0 5229 696636 242072 365034 89530 2394121 1730865 626088 37168 49737 27490 21954 293 210858 158584 46451 5823 201007 134192 60532 6283 1470 1470 18600 18600 486640 146643 191964 148033 165186 18290 146896 56890 33767 21485 1638 257701 204894 41053 11754 482674 324483 142397 15794 845 123 722 1586 1284 302 459 459 133697 87595 41492 4610 30444 15361 14275 808 BAD DEBT EXPENSE 12500 0 12500 0 STAFF RECRUITING & DEV. 10848 0 10848 0 DUES AND SUBSCRIPTIONS 8071 149 6616 1306 EDUCATOR PROF. DEV. 7038 7038 0 0 6745 4419 2093 233 5233753 3137249 1773231 323273 2542629 2797758 787626 885358 456817 107230 27535 107219 90205 31215 17014 69086 189176 72027 239325 0 4423104 3799692 309163 271011 11000 35734 842500 1690700 166019 265559 1328682 2263004 X 1278260 388353 1816162 1148335 3094422 1536688 4423104 3799692 -1502580 -55154 0 X X 0 1 X 1 0 X 2822427 6806020 8674670 4231098 3114628 25648843 2822427 6806020 8674670 4231098 3114628 25648843 4552634 21096209 7207 52322 81510 47728 9142 197909 1050 3000 4050 25850802 6675927 0.81610 0.78940 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 2915 600 2315 104304 89605 14699 17014 CAPITAL LEASE OBLIGATION 4481 DEFERRED RENT 261078 265559 X 3753626 22453 22453 3731173 0 3731173 5256206 22453 22453 5233753 0 5233753 PART X, LINE 2: LEAP FOLLOWS THE GUIDANCE IN THE FASB CODIFICATION TOPIC RELATED TO UNCERTAINTY IN INCOME TAXES WHICH PRESCRIBES A COMPREHENSIVE MODEL FOR RECOGNIZING, MEASURING, PRESENTING AND DISCLOSING IN THE FINANCIAL STATEMENTS UNCERTAIN TAX POSITIONS THAT LEAP HAS TAKEN OR EXPECTS TO TAKE IN ITS TAX RETURNS. UNDER THE GUIDANCE, LEAP MAY RECOGNIZE THE TAX BENEFIT FROM AN UNCERTAIN TAX POSITION ONLY IF IT IS "MORE LIKELY THAN NOT" THAT IT IS SUSTAINABLE, BASED ON ITS TECHNICAL MERITS. THE TAX BENEFITS RECOGNIZED IN THE FINANCIAL STATEMENTS FROM SUCH A POSITION SHOULD BE MEASURED BASED ON THE LARGEST BENEFIT THAT HAS A GREATER THAN 50% LIKELIHOOD OF BEING REALIZED UPON ULTIMATE SETTLEMENT WITH A TAXING AUTHORITY HAVING FULL KNOWLEDGE OF ALL RELEVANT INFORMATION. LEAP BELIEVES THAT IT HAS APPROPRIATE SUPPORT FOR THE POSITIONS TAKEN ON ITS RETURNS. X X 0 0 0 0 0 0 0 0 0 PHYLLIS LOCKETT PRESIDENT & CEO 333871 0 0 0 0 0 14250 0 10973 0 359094 0 0 0 EMILY BADER SR DIR OF MARKETING COMMUNICATIONS 168150 0 0 0 0 0 8570 0 19408 0 196128 0 0 0 ELIZABETH HINMAN MANAGING DIR, GROWTH & INNOVATION 199236 0 105 0 0 0 10005 0 8344 0 217690 0 0 0 TIM HARDY MANAGING DIRECTOR, SHARED SERVICES 199217 0 0 0 0 0 10000 0 9721 0 218938 0 0 0 BARBARA VIJUK DIRECTOR OF ADMINISTRATION 144895 0 0 0 0 0 7523 0 29224 0 181642 0 0 0 BETH HERBERT CHIEF OF STAFF 136012 0 115 0 0 0 6894 0 8359 0 151380 0 0 0 ERIN FIGULA SR DIR, PROGRAMS & LEARNING DESIGN 149371 0 300 0 0 0 7520 0 8686 0 165877 0 0 0 JILLIAM JOE SR DIR, LEARNING INSIGHTS & RESEARCH 152940 0 0 0 0 0 4605 0 7358 0 164903 0 0 0 PART I, LINE 3 THE PROCESS OF DETERMINING COMPENSATION FOR THE CEO UTILIZES A COMPENSATION ANALYSIS. THE BOARD OF DIRECTORS HAS OVERSIGHT OF THE PROCESS AND THE OVERALL ANNUAL COMPENSATION AMOUNT IS APPROVED BY THEM. FORM 990, PART VI, SECTION A, LINE 6 THE ORGANIZATION HAS ONE MEMBER, PHYLLIS LOCKETT, WHO IS THE INITIAL MEMBER. THE INITIAL MEMBER MAY FROM TIME TO TIME DESIGNATE ONE OR MORE INDIVIDUALS AS HER SUCCESSOR OR SUCCESSORS, OR A SERIES OF SUCCESSORS, TO SERVE AFTER THE INITIAL MEMBER CEASES TO BE A MEMBER AND MAY SPECIFY THE LENGTH OF TIME THAT EACH SUCCESSOR SHALL SERVE. FORM 990, PART VI, SECTION A, LINE 7B THE MEMBERS SHALL: (A) HAVE THE RIGHT, TOGETHER WITH THE AFFIRMATIVE VOTE OF A MAJORITY OF THE THEN ACTING DIRECTORS OF THE CORPORATION, TO APPROVE AN AMENDMENT TO THE ARTICLES OF INCORPORATION; (B) HAVE THE RIGHT, TOGETHER WITH THE AFFIRMATIVE VOTE OF A MAJORITY OF THE THEN ACTING DIRECTORS OF THE CORPORATION, TO ADOPT AND AMEND THESE BYLAWS; (C) HAVE THE RIGHT TO APPROVE (I) ANY VOLUNTARY DISSOLUTION OF THE CORPORATION; (II) ANY MERGER OR CONSOLIDATION OF THE CORPORATION; OR (III) ANY SALE, LEASE, EXCHANGE, OR OTHER DISPOSITION OF ALL, OR SUBSTANTIALLY ALL, THE PROPERTY AND ASSETS OF THE CORPORATION IF NOT MADE IN THE USUAL AND REGULAR COURSE OF THE CONDUCT OF THE AFFAIRS OF THE CORPORATION; AND (D) HAVE THE RIGHT TO APPROVE ALL MATTERS PERTAINING TO THE AFFAIRS OF THE CORPORATION ON WHICH A VOTE OF THE MEMBERS IS REQUIRED BY THE NOT FOR PROFIT CORPORATION ACT, THE ARTICLES OF INCORPORATION, OR THESE BYLAWS, OR IS OTHERWISE DEEMED DESIRABLE BY THE BOARD OF DIRECTORS. EACH MEMBER SHALL BE ENTITLED TO ONE VOTE ON ALL MATTERS SUBMITTED TO A VOTE OF THE MEMBERS. FORM 990, PART VI, SECTION A, LINE 8B THERE ARE NO COMMITTEES WITH AUTHORITY TO ACT ON BEHALF OF THE BOARD. FORM 990, PART VI, SECTION B, LINE 11B PRIOR TO FILING, A DRAFT VERSION OF THE FORM 990 WILL BE REVIEWED BY THE BOARD FOLLOWING MANAGEMENT'S INTERNAL REVIEW. FORM 990, PART VI, SECTION B, LINE 12C A CONFLICT OF INTEREST POLICY QUESTIONNAIRE IS ANNUALLY DISTRIBUTED AND COMPLETED. THE BOARD DISCUSSES ALL CONFLICTS OF INTEREST THAT ARISE, INCLUDING POTENTIAL CONFLICTS WITH NEW BOARD MEMBERS. CONFLICTS OF INTEREST WOULD BE DEALT WITH BY THE BOARD ON A CASE BY CASE BASIS AT THE TIME THAT THEY ARISE. FORM 990, PART VI, SECTION B, LINE 15A THE PROCESS FOR DETERMINING THE COMPENSATION OF THE ORGANIZATION'S EXECUTIVE DIRECTOR WAS PERFORMED BY INDEPENDENT BOARD MEMBERS AND INCLUDED A COMPENSATION SURVEY WITH THE DELIBERATION AND DECISION DOCUMENTED IN THE BOARD MINUTES. THERE WERE NO OTHER COMPENSATED OFFICERS AS OF THE FISCAL YEAR END. KEY EMPLOYEE COMPENSATION IS DETERMINED BY THE EXECUTIVE DIRECTOR. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART XII, LINE 2C THE PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR.