2021-05-11T08:34:54-05:00 2020-06-30 362170602 WARADY & DAVIS LLP 1717 DEERFIELD RD SUITE 300S DEERFIELD IL 60015 990 2019-07-01 464784152 LEAP INNOVATIONS LEAP 3128097029 222 W MERCHANDISE MART NO 2300 CHICAGO IL 60654 PHYLLIS LOCKETT PRESIDENT & CEO 3128097029 2021-04-26 1 SUSAN GREGGO P00595460 8472679600 2019 2022-09-23 18:48:47Z PHYLLIS LOCKETT 222 W MERCHANDISE MART NO 2300 CHICAGO IL 60654 6053965 0 X WWW.LEAPINNOVATIONS.ORG X 2013 IL TO CREATE EQUITABLE PERSONALIZED LEARNING EXPERIENCES FOR LEARNERS TO REACH THEIR FULL POTENTIAL. 9 8 59 8 0 0 8674670 4231098 2059335 1703053 80149 49414 0 3000 10814154 5986565 375000 290000 0 0 5261222 5360128 0 0 311899 4601468 3439986 10237690 9090114 576464 -3103549 7078438 4423104 880467 1328682 6197971 3094422 X TO CREATE EQUITABLE PERSONALIZED LEARNING EXPERIENCES FOR LEARNERS TO REACH THEIR FULL POTENTIAL. 0 0 2041753 1405450 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. 1301896 235658 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.REMOTE LEARNING IN ACTION GUIDES SCHOOL TEAMS IN STRENGTHENING THEIR PLANS FOR VIRTUAL INSTRUCTION AND ASYNCHRONOUS LEARNING. 290000 290000 BREAKTHROUGH SCHOOLS CHICAGO IS AN 18-MONTH, WHOLE-SCHOOL DESIGN PROGRAM, IN WHICH LEAP PROVIDES PROGRAMMATIC AND FINANCIAL SUPPORT TO SELECT SCHOOLS THAT ARE INTERESTED IN CREATING A PERSONALIZED LEARNING EXPERIENCE FOR ALL OF THEIR STUDENTS. THE BREAKTHROUGH SCHOOLS ARE BUILDING INNOVATIVE SCHOOLS THAT WILL SERVE AS LOCAL AND NATIONAL EXEMPLARS. THIS PROGRAM ENDED IN 2020. 462307 61945 THE LEAP COLLABORATORY CONVENES EDUCATORS, TECH COMPANIES, ENTREPRENEURS, INNOVATIVE THOUGHT LEADERS, AND OTHERS TO COLLABORATE AND DRIVE INNOVATION THROUGH PROGRAMMING, NETWORKING OPPORTUNITIES, AND OTHER EDUCATIONAL EXPERIENCES. 1966206 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. 2428513 61945 6062162 1 1 0 0 0 0 0 0 0 0 1 0 0 1 1 1 1 0 0 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 66 0 59 1 0 0 0 0 0 1 1 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 BARBARA VIJUK 3128097029 222 WEST MERCHANDISE MART SUITE CHICAGO IL 60654 PHYLLIS LOCKETT PRESIDENT & CEO 40.00 X X 328234 0 26694 MICHAEL ALTER CHAIR 0.50 X X 0 0 0 TIMOTHY SCHWERTFEGER TREASURER & SECRETARY 0.50 X X 0 0 0 ULRIK CHRISTENSEN DIRECTOR 0.50 X 0 0 0 JEFFREY HAMMES DIRECTOR (THROUGH 7/2/19) 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 CHI-YUN AMY HUANG SR DIRECTOR OF PROGRAMS 40.00 X 170803 0 27306 EMILY BADER SR DIRECTOR OF MARKETING COMMS 40.00 X 161830 0 28754 CHRIS LIANG CHIEF OF LEARNING INNOVATION 40.00 X 145851 0 7282 BARBARA VIJUK DIRECTOR OF ADMINISTRATION 40.00 X 141064 0 41009 COURTNEY REILLY DIRECTOR OF SPECIAL PROJEC 40.00 X 136065 0 14061 JAYA YOO CHIEF PRODUCT OFFICER 40.00 X 167262 0 8336 JANEEN HATOUM DIRECTOR OF PROGRAMS 40.00 X 136452 0 8797 1387561 0 162239 15 0 1 0 TEACHFORWARD 2443 FILLMORE ST SUITE 515 SAN FRANCISCO CA 94115 CONTENT DEVELOPMENT 655740 TIPPING POINT ENERGY ADVISORS LLC 223 WEST MENOMONEE CHICAGO IL 60614 MANAGEMENT CONSULTING 333143 WHITEBOARD ADVISORS 4005 WISCONSIN AVE NW BOX 9535 WASHINGTON DC 20016 PUBLIC RELATIONS 180023 INZOVU INC 1237 CHICAGO AVE DOWNERS GROVE IL 60515 WEBSITE SUPPORT 159979 CIVIS ANALYTICS INC 200 W MONROE ST SUITE 2200 CHICAGO IL 60606 TECHNOLOGY SUPPORT 143300 7 4231098 67400 4231098 PILOT NETWORK FEES 611710 1405450 1405450 OTHER PROFESSIONAL DEV 611430 132751 132751 COLLABORATORY 611430 61945 61945 LEARNING NETWORK 611710 50000 50000 ACTIVATE 611430 32890 32890 20017 20017 1703053 47728 47728 69086 67400 1686 1686 1686 OTHER INCOME 900099 3000 3000 3000 5986565 1706053 0 49414 X 290000 290000 683852 139739 489906 54207 3905657 2774158 977190 154309 103732 83294 17244 3194 350379 258468 73284 18627 316508 205520 96888 14100 20445 20445 16050 16050 1443041 1077487 353090 12464 319879 319718 161 110849 79118 26056 5675 253083 182373 67696 3014 616416 476053 118769 21594 68605 44582 17431 6592 94239 55323 37385 1531 284 284 139237 102643 36129 465 36420 21176 13878 1366 EDUCATOR PROF. DEV. 265793 265793 STAFF RECRUITING & DEV. 27468 422 27046 DUES AND SUBSCRIPTIONS 21018 874 5855 14289 REP., MAINT. AND EQUIP. 7159 5139 1709 311 9090114 6062162 2716053 311899 3624864 2611715 1418894 787626 1391812 456817 60242 107230 127082 93038 36768 34044 305083 186347 240775 239325 7078438 4423104 769901 309163 11800 11000 842500 98766 166019 880467 1328682 X 4171549 1278260 2026422 1816162 6197971 3094422 7078438 4423104 -3103549 0 X X 0 1 X 1 0 X 5311163 2822427 6806020 8674670 4231098 27845378 5311163 2822427 6806020 8674670 4231098 27845378 5718340 22127038 4420 7207 52322 81510 47728 193187 1050 3000 4050 28042615 6576203 0.78910 0.76270 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 2915 86 2829 124167 92952 31215 34044 SECURITY DEPOSITS 239325 239325 CAPITAL LEASE OBLIGATION 6966 DEFERRED RENT 159053 166019 X 6035803 49238 49238 5986565 0 5986565 9139352 49238 49238 9090114 0 9090114 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. 1 PATRICK HENRY ELEMENTARY (CHICAGO PUBLIC SCHOOLS) 4250 N ST LOIUS AVE CHICAGO IL 60618 366005821 95000 FUND IMPLEMENTATION OF A COMPREHENSIVE PROPOSAL FOR A WHOLE-SCHOOL, NEXT-GENERATION MODEL DISNEY II MAGNET SCHOOL (CHICAGO PUBLIC SCHOOLS) 3815 N KEDVALE AVE CHICAGO IL 60641 366005821 5000 FUND IMPLEMENTATION OF A COMPREHENSIVE PROPOSAL FOR A WHOLE-SCHOOL, NEXT-GENERATION MODEL JOSEPH LOVETT ELEMENTARY(CHICAGO PUBLIC SCHOOLS) 6333 W BLOOMINGDALE AVE CHICAGO IL 60639 366005821 95000 FUND IMPLEMENTATION OF A COMPREHENSIVE PROPOSAL FOR A WHOLE-SCHOOL, NEXT-GENERATION MODEL ACERO SANTIAGO SCHOOL 2510 W CORTEZ ST CHICAGO IL 60622 364235934 95000 FUND IMPLEMENTATION OF A COMPREHENSIVE PROPOSAL FOR A WHOLE-SCHOOL, NEXT-GENERATION MODEL 4 0 PART I, LINE 2: LEAP MONITORS ITS GRANTEES' USE OF GRANT DOLLARS VIA REGULAR BUDGET REPORTS, NARRATIVE REPORTS, AND ON-SITE COACHING VISITS. PRIOR TO SIGNING GRANT TERMS AND CONDITIONS, GRANTEES DESCRIBE THE PLANNED USE OF GRANTS; THIS IS REQUIRED FOR APPROVAL. MIDWAY THROUGH THE GRANT PERIOD, AND PRIOR TO THE NEXT DISBURSEMENT, GRANTEES REPORT ON THE ACTUAL USAGE OF GRANT DOLLARS AND THE IMPACT THAT THE GRANT HAS HAD ON THEIR WORK; ANY ADJUSTMENTS ARE REQUESTED AND DOCUMENTED AT THIS TIME. THROUGHOUT THE GRANT CYCLE, LEAP STAFF MEMBERS CONDUCT COACHING VISITS AT THE SCHOOLS; AT THESE VISITS, IMPACT OF THE IMPLEMENTATION OF GRANT DOLLARS IS DISCUSSED. AT THE END OF THE GRANT CYCLE, GRANTEES REPORT ON THE USAGE AND IMPACT. X X 1 0 0 0 0 0 0 0 0 PHYLLIS LOCKETT PRESIDENT & CEO 328234 0 0 0 0 0 14000 0 12694 0 354928 0 0 0 CHI-YUN AMY HUANG SR DIRECTOR OF PROGRAMS 136952 0 0 0 33851 0 7380 0 19926 0 198109 0 0 0 EMILY BADER SR DIRECTOR OF MARKETING COMMS 161830 0 0 0 0 0 8285 0 20469 0 190584 0 0 0 CHRIS LIANG CHIEF OF LEARNING INNOVATION 145801 0 0 0 50 0 7282 0 0 0 153133 0 0 0 BARBARA VIJUK DIRECTOR OF ADMINISTRATION 141064 0 0 0 0 0 7344 0 33665 0 182073 0 0 0 COURTNEY REILLY DIRECTOR OF SPECIAL PROJEC 136065 0 0 0 0 0 6861 0 7200 0 150126 0 0 0 JAYA YOO CHIEF PRODUCT OFFICER 167202 0 0 0 60 0 8336 0 0 0 175598 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. PART I, LINE 4A CHI-YUN (AMY) HUANG, SR DIRECTOR OF PROGRAMS RECEIVED A SEVERENCE PAYMENT TOTALING $33,761. X 1 67400 0 1 1 PART I, LINE 32B: THE ORGANIZATION USES A FINANCIAL INSTITUTION TO RECEIVE AND SELL DONATED STOCK. 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 WITH THE DELIBERATION AND DECISION DOCUMENTED IN THE BOARD MINUTES. A COMPENSATION SURVEY WAS CONDUCTED IN THE PRIOR YEAR. 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 IX, LINE 11G CONSULTING FEES: PROGRAM SERVICE EXPENSES 1,042,914. MANAGEMENT AND GENERAL EXPENSES 198,173. FUNDRAISING EXPENSES 12,350. TOTAL EXPENSES 1,253,437. TEMPORARY HELP: PROGRAM SERVICE EXPENSES 32,950. MANAGEMENT AND GENERAL EXPENSES 145,133. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 178,083. HONORARIUM: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 500. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 500. CONTRACTUAL SERVICES: PROGRAM SERVICE EXPENSES 1,623. MANAGEMENT AND GENERAL EXPENSES 9,284. FUNDRAISING EXPENSES 114. TOTAL EXPENSES 11,021. FORM 990, PART XII, LINE 2C THE PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR.