2021-04-13T10:48:17-05:00 2020-08-31 131655065 LUTZ AND CARR CPAS LLP 551 FIFTH AVENUE SUITE 400 NEW YORK NY 10176 990 2019-09-01 331071771 LEADERSHIP ENTERPRISE FOR A DIVERSE AMERICA LEAD 6467870628 315 WEST 39TH STREET SUITE 607 NEW YORK NY 10018 LAMONT GORDON EXECUTIVE DIRECTOR 6467870628 2021-04-13 1 FREDERICK MARTENS P00298107 2126972299 2019 2022-09-23 18:48:47Z LAMONT GORDON 315 WEST 39TH STREET SUITE 607 NEW YORK NY 10018 4014802 0 X LEDASCHOLARS.ORG X 2003 NY SEE SCHEDULE O 22 22 70 26 0 0 3615630 3993331 0 0 514 704 -21319 20767 3594825 4014802 0 56000 0 0 1821911 2179250 0 0 458454 1159491 897170 2981402 3132420 613423 882382 2853533 4080534 259598 604217 2593935 3476317 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 522533 33660 ASPECTS OF LEADERSHIP SUMMER INSTITUTE: COHORT 16 ATTENDED THE ASPECTS OF LEADERSHIP SUMMER INSTITUTE VIRTUALLY. THROUGH A COMBINATION OF SYNCHRONOUS AND ASYNCHRONOUS ACTIVITIES, SCHOLARS RECEIVED 21 HOURS OF WRITING INSTRUCTION, 21 HOURS OF LEADERSHIP DEVELOPMENT, 21 HOURS OF TEST PREP, 12 HOURS OF COLLEGE GUIDANCE, AND MULTIPLE COMMUNITY BUILDING ACTIVITIES. THE INSTITUTE ALSO FEATURED PRESENTATIONS BY ADMISSIONS REPRESENTATIVES FROM 35 COLLEGES AND UNIVERSITIES. 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. 439949 22340 CAREER NETWORK:IN FISCAL YEAR 2020, LEDA EMBARKED ON THE FOURTH YEAR OF ITS CURRENT LEADERSHIP DEVELOPMENT MODEL BY CONTINUING THE LEDA CAREER NETWORK, INCLUDING A FLAGSHIP FIVE-DAY CAREER INSTITUTE. LEDA'S CAREER NETWORK PREPARES HIGH-ACHIEVING, LOW-INCOME UNDERGRADUATE STUDENTS FOR FUTURE LEADERSHIP ROLES IN THEIR PROFESSIONAL PURSUITS, INCLUDING A DEEPER AND MORE TARGETED FOCUS ON CAREER EXPLORATION, PROFESSIONAL DEVELOPMENT, AND CAREER COACHING. IN FY 2020, THE LEDA CAREER INSTITUTE SHIFTED TO A VIRTUAL PROGRAM MODEL AND ACCEPTED 157 CAREER FELLOWS REPRESENTING 60 COLLEGES. LEDA ALSO WORKED WITH MORE THAN 21 EMPLOYER PARTNERS TO OFFER STUDENTS ACCESS TO INTERNSHIP AND CAREER OPPORTUNITIES. 337164 COLLEGE SUCCESS:OVER THE COURSE OF FISCAL YEAR 2020, LEDA'S COLLEGE SUCCESS PROGRAM PROVIDED SUPPLEMENTAL ACADEMIC ADVISING AND SOCIAL-EMOTIONAL COUNSELING SUPPORT TO FIRST-YEARS, 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 976 FORMAL CHECK-INS AND SUCCESSFULLY COMMUNICATED WITH 90% (358) OF SCHOLARS WHO RESPONDED TO OUTREACH AT THE START OF THE COVID-19 PANDEMIC. 824653 RECRUITMENT AND ADMISSION:IN FY 2020, RECRUITMENT EFFORTS SPANNED ALL 50 U.S. STATES AND WASHINGTON D.C. STAFF CONDUCTED 81 INFORMATION SESSIONS AT U.S. HIGH SCHOOLS IN 13 STATES; SPOKE TO MORE THAN 1,000 STUDENTS; AND ENGAGED WITH APPROXIMATELY 246 COMMUNITY-BASED ORGANIZATIONS. LEDA RECEIVED 1325 APPLICATIONS FROM 48 STATES AND WASHINGTON D.C., ADMITTING 102 STUDENTS FROM 37 STATES AND WASHINGTON D.C. THE AVERAGE HOUSEHOLD INCOME FOR INCOMING COHORT 16 SCHOLARS WAS $36,316 AND 87% ARE FIRST-GENERATION COLLEGE STUDENTS AND REPRESENT 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 15'S MATRICULATION DECISIONS WERE AS FOLLOWS: 97% MATRICULATED TO A MOST COMPETITIVE COLLEGE AND 64% MATRICULATED TO AN IVY LEAGUE UNIVERSITY, MASSACHUSETTS INSTITUTE OF TECHNOLOGY (MIT), OR STANFORD UNIVERSITY.POLICY PROJECT:IN FY 2020, THE LEDA POLICY PROJECT WAS RENEWED, CONTINUING AN INITIATIVE THAT AIMS TO ELEVATE THE VOICES OF STUDENTS FROM UNDERREPRESENTED BACKGROUNDS TO INFORM FEDERAL EDUCATION POLICY CONVERSATIONS. THE 2019-2020 POLICY CORPS WAS COMPOSED OF 15 LEDA SCHOLARS AND CAREER FELLOWS. POLICY CORPS MEMBERS PARTICIPATED IN AN IN-DEPTH FALL AND SPRING 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 EVENTS AND IN PRINT MEDIA THROUGH STORYTELLING AND OP-ED WRITING. 824653 2124299 1 1 0 0 0 0 0 0 0 0 1 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 48 0 1 70 1 0 0 0 0 0 1 1 0 0 0 0 0 0 X 22 22 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 ILANA GOLDMAN CHAIR (AS OF DEC 2019) 3.00 X X 0 0 0 ELISA LIANG CHAIR (TO DEC 2019) 4.00 X X 0 0 0 ARUN ALAGAPPAN VICE PRESIDENT 3.00 X X 0 0 0 ERIC MENDEZ TREASURER (AS OF MAY 2020) 3.00 X X 0 0 0 MORRY DAVIS TREASURER (TO MAY 2020) 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 ALEXANDRA ENGLER TRUSTEE 2.00 X 0 0 0 ANDREW FISHER TRUSTEE 3.00 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 HOLLY ASH GREENWALD TRUSTEE 2.00 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 HILARY PARKER TRUSTEE 1.00 X 0 0 0 JOHN ROBERTS TRUSTEE 3.00 X 0 0 0 LOIS SEVERINI TRUSTEE 2.00 X 0 0 0 EDWARD STRONG TRUSTEE 1.00 X 0 0 0 SALLY THORNER TRUSTEE 2.00 X 0 0 0 ANTHONY YOSELOFF TRUSTEE 1.00 X 0 0 0 JIDE ZEITLIN TRUSTEE 1.00 X 0 0 0 BETH BREGER EXECUTIVE DIRECTOR (TO MAY 2020) 40.00 X 146055 0 36177 LAMONT GORDON EXECUTIVE DIRECTOR (AS OF JUN 2020) 40.00 X 0 0 0 GARETH DALEY CFO (AS OF AUG 2019) 40.00 X 37305 0 3391 TARA GELLENE SENIOR DIRECTOR OF PROGRAMS 40.00 X 105958 0 15556 CRISTINA MORAIS SENIOR DIRECTOR OF DEVELOPMENT 40.00 X 114541 0 17433 403859 0 72557 3 0 1 0 0 3993331 35584 3993331 704 704 MISCELLANEOUS 900099 20767 20767 20767 4014802 0 0 21471 56000 56000 338235 79322 167916 90997 1463978 1184449 48541 230988 56767 46661 958 9148 154173 111778 16571 25824 166097 117341 19305 29451 70500 70500 224252 100135 113109 11008 1826 1436 110 280 110312 71155 22130 17027 197961 150237 18270 29454 53519 35561 16772 1186 13565 9428 2266 1871 50615 35757 5883 8975 STUDENT SUPPORT 68233 68233 STUDENT HOUSING/TRAVEL 48250 48250 PAYROLL SERVICES/FEES 43703 425 41128 2150 COLLEGE GUIDANCE 6171 6171 8263 1960 6208 95 3132420 2124299 549667 458454 1201548 1209956 937800 938504 537959 1726094 31964 37785 53946 82434 44508 51491 37926 86950 82144 2853533 4080534 204619 185122 360430 54979 58665 259598 604217 X 1520950 1706976 1072985 1769341 2593935 3476317 2853533 4080534 882382 0 X 0 1 X 1 0 X 3101903 1590311 3832943 3615630 3993331 16134118 3101903 1590311 3832943 3615630 3993331 16134118 1842805 14291313 233 297 514 704 1748 3580 2738 7522 12281 20767 46888 16182754 134417 0.88310 0.86050 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 33309 28718 4591 49125 15790 33335 37926 DEFERRED RENT 58665 58665 4265580 250778 250778 4014802 0 4014802 3383198 250778 250778 3132420 0 3132420 1 COVID-19 EMERGENCY GRANTS 173 56000 0 PART I, LINE 2: DURING FISCAL YEAR 2020, THE ORGANIZATION MADE ONE-TIME COVID-19 EMERGENCY GRANTS TO CURRENT PROGRAM FELLOWS AND SCHOLARS FOR GENERAL SUPPORT. ACCORDINGLY, NO MONITORING OF THE USE OF GRANT FUNDS WAS REQUIRED. X X X 0 0 0 0 0 0 0 0 0 BETH BREGER EXECUTIVE DIRECTOR (TO MAY 2020) 146055 0 0 0 0 0 8282 0 27895 0 182232 0 0 0 X 2 35584 FAIR MARKET VALUE 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 SENIOR DIRECTOR OF FINANCE AND OPERATIONS, 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.