2020-07-01T14:31:17-05:00 2019-08-31 131655065 LUTZ AND CARR CPAS LLP 551 FIFTH AVENUE SUITE 400 NEW YORK NY 10176 990 2018-09-01 331071771 LEADERSHIP ENTERPRISE FOR A DIVERSE AMERICA LEAD 6467870628 315 WEST 39TH STREET SUITE 607 NEW YORK NY 10018 LAMONT GORDON EXECUTIVE DIRECTOR 6467870628 2020-06-30 1 FREDERICK MARTENS P00298107 2126972299 38.142.140.186 2020-06-30 15:07:01 ED P 59DB2DCED2F0F031B1229EEE1E2D2F031B4345D1 A75ECF90F4EA679C298DF903E96775B34A8C9CB0 2018 2021-01-29 14:40:06Z LAMONT GORDON 315 WEST 39TH STREET SUITE 607 NEW YORK NY 10018 3679725 0 X LEDASCHOLARS.ORG X 2003 NY SEE SCHEDULE O 24 24 70 29 0 0 3832943 3615630 0 0 297 514 -8901 -21319 3824339 3594825 0 0 0 0 1585212 1821911 0 0 430359 944690 1159491 2529902 2981402 1294437 613423 2253676 2853533 273164 259598 1980512 2593935 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 324437 RECRUITMENT AND ADMISSION: IN FISCAL YEAR 2019, RECRUITMENT EFFORTS SPANNED ALL 50 U.S. STATES: STAFF CONDUCTED 97 INFORMATION SESSIONS AT U.S. HIGH SCHOOLS IN 10 STATES; SPOKE TO MORE THAN 1,500 STUDENTS; AND ENGAGED WITH APPROXIMATELY 500 COMMUNITY-BASED ORGANIZATIONS. LEDA RECEIVED OVER 1,450 APPLICATIONS FROM 49 STATES AND WASHINGTON D.C., ADMITTING 100 LEDA COHORT 15 SCHOLARS FROM 38 STATES AND WASHINGTON D.C.: ALABAMA, ALASKA, ARIZONA, CALIFORNIA, COLORADO, CONNECTICUT, FLORIDA, GEORGIA, HAWAII, ILLINOIS, INDIANA, IOWA, KANSAS, KENTUCKY, LOUISIANA, MARYLAND, MASSACHUSETTS, MICHIGAN, MINNESOTA, MISSISSIPPI, MISSOURI, NEVADA, NEW HAMPSHIRE, NEW JERSEY, NEW MEXICO, NEW YORK, NORTH CAROLINA, OHIO, OKLAHOMA, OREGON, PENNSYLVANIA, RHODE ISLAND, TEXAS, UTAH, VIRGINIA, WASHINGTON, WISCONSIN, AND WYOMING. THE AVERAGE HOUSEHOLD INCOME FOR INCOMING COHORT 15 SCHOLARS WAS $36,168. 86% OF COHORT 15 SCHOLARS ARE FIRST-GENERATION COLLEGE STUDENTS AND REPRESENT DIVERSE RACIAL AND ETHNIC BACKGROUNDS. 667586 ASPECTS OF LEADERSHIP SUMMER INSTITUTE: COHORT 15 ATTENDED THE ASPECTS OF LEADERSHIP SUMMER INSTITUTE HELD AT PRINCETON UNIVERSITY. THE SEVEN-WEEK PROGRAM INCLUDED MORE THAN 100 HOURS OF LEADERSHIP INSTRUCTION, 63 HOURS OF STANDARDIZED TEST PREPARATION, 39 HOURS OF WRITING INSTRUCTION, 26 HOURS OF COLLEGE GUIDANCE, AND MULTIPLE COMMUNITY-BUILDING ACTIVITIES. THIS INTENSE, INTELLECTUAL EXPERIENCE PROMOTES A SENSE OF PERSONAL IDENTITY AND HELPS FOSTER A STRONG SENSE OF COMMUNITY IN OUR SCHOLARS. THE INSTITUTE ALSO FEATURED VISITS BY REPRESENTATIVES FROM 16 COLLEGES AND UNIVERSITIES AND TOURS OF SIX SELECTIVE COLLEGE CAMPUSES. 275093 COLLEGE GUIDANCE: LEDA SCHOLARS RECEIVE IN-DEPTH ADVISING ON THE COLLEGE APPLICATION PROCESS STARTING AT SUMMER INSTITUTE AND CONTINUING THROUGH THE ACADEMIC YEAR. LEDA STAFF PROVIDE ONE-ON-ONE COUNSELING SESSIONS WITH SCHOLARS, INDIVIDUALIZED RECOMMENDATION LETTERS, FINANCIAL AID AND SCHOLARSHIP APPLICATION ASSISTANCE, AND SUPPORT WITH COMPLETING COLLEGE ESSAYS. COHORT 14'S MATRICULATION DECISIONS ARE AS FOLLOWS: 97% MATRICULATED TO A MOST COMPETITIVE COLLEGE (AS CLASSIFIED BY BARRON'S PROFILE OF AMERICAN COLLEGES) AND 64% MATRICULATED TO AN IVY LEAGUE UNIVERSITY, MASSACHUSETTS INSTITUTE OF TECHNOLOGY (MIT) OR STANFORD UNIVERSITY. 926823 COLLEGE SUCCESS:OVER THE COURSE OF FY 2019, 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 709 FORMAL CHECK-INS AND SUCCESSFULLY COMMUNICATED WITH 95% (346 OF 366) OF SCHOLARS ENROLLED IN COLLEGE. AS OF MAY 2019, MORE THAN 90% OF SCHOLARS IN COHORTS 1-10 HAVE GRADUATED FROM COLLEGE. CAREER NETWORK:IN FY 2019, LEDA EMBARKED ON THE THIRD YEAR OF EXPANDING 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 2019, THE LEDA CAREER NETWORK ACCEPTED 175 CAREER FELLOWS REPRESENTING 59 COLLEGES. LEDA ALSO WORKED WITH MORE THAN 21 EMPLOYER PARTNERS TO OFFER STUDENTS ACCESS TO INTERNSHIP AND CAREER OPPORTUNITIES. POLICY PROJECT: IN FY 2019, THE LEDA POLICY PROJECT WAS RENEWED CONTNUING, AN INITIATIVE THAT AIMS TO ELEVATE THE VOICES OF STUDENTS FROM UNDERREPRESENTED BACKGROUNDS TO INFORM FEDERAL EDUCATION POLICY CONVERSATIONS. AN IN-DEPTH TRAINING PROGRAM ON FEDERAL EDUCATION POLICY; THE POLICY CORPS SUPPORTS 15 LEDA SCHOLARS. LEDA SCHOLARS AND POLICY CORPS MEMBERS ARE DEPLOYED TO MULTIPLE EVENTS WHERE THEY PARTICIPATE IN ROUNDTABLES AND PANELS FOCUSING ON VARIOUS ASPECTS OF FEDERAL EDUCATION POLICY AFFECTING STUDENTS FROM UNDERREPRESENTED BACKGROUNDS. 926823 2193939 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 1 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 46 0 1 70 1 0 0 0 0 0 1 1 0 0 0 0 0 0 X 24 24 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 ELISA LIANG CHAIR 4.00 X X 0 0 0 ARUN ALAGAPPAN VICE PRESIDENT 3.00 X X 0 0 0 MORRY DAVIS TREASURER 3.00 X X 0 0 0 CAROLYN AINSLIE TRUSTEE 1.00 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 NAN ROTHSCHILD COOPER TRUSTEE 1.00 X 0 0 0 ALEXANDRA ENGLER TRUSTEE 2.00 X 0 0 0 ANDREW FISHER TRUSTEE 4.00 X 0 0 0 FREDERICK FOGEL TRUSTEE 1.00 X 0 0 0 LUCY FRIEDMAN TRUSTEE 1.00 X 0 0 0 GAIL FURMAN TRUSTEE 1.00 X 0 0 0 ENRIQUE FOSTER GITTES TRUSTEE 2.00 X 0 0 0 ILANA GOLDMAN TRUSTEE 3.00 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 ERIC MENDEZ TRUSTEE 3.00 X 0 0 0 HILARY PARKER TRUSTEE 1.00 X 0 0 0 JOHN ROBERTS TRUSTEE 3.00 X 0 0 0 BERT ROSENBLATT 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 SALLY THORNER TRUSTEE 2.00 X 0 0 0 LINDSEY TURNER 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 40.00 X 137217 0 35190 KATE SCHUSTER SR DIRECTOR OF FINANCE & OPERATIONS 40.00 X 97533 0 8182 TARA GELLENE SENIOR DIRECTOR OF PROGRAMS 40.00 X 105425 0 9943 CRISTINA MORAIS SENIOR DIRECTOR OF DEVELOPMENT 40.00 X 111658 0 2032 451833 0 55347 3 0 1 0 0 949641 2665989 97916 3615630 514 514 51300 949641 84900 -33600 -33600 MISCELLANEOUS 900099 12281 12281 12281 3594825 0 0 -20805 281113 86384 115266 79463 1253018 1024685 45491 182842 44043 33881 4338 5824 109340 86587 5341 17412 134397 98082 13574 22741 59017 59017 190425 151319 18203 20903 232 100 132 138421 84775 19457 34189 200321 146643 20439 33239 90361 76669 5558 8134 13565 9927 1364 2274 53235 38851 5376 9008 STUDENT HOUSING/TRAVEL 346432 337126 9306 PAYROLL SERVICES/FEES 44146 276 39215 4655 STUDENT SUPPORT 10587 10587 COLLEGE GUIDANCE 5692 5692 7057 2355 4465 237 2981402 2193939 357104 430359 371412 1201548 553286 937800 1143815 537959 33157 37785 82434 30943 65056 51491 86950 86950 2253676 2853533 227127 204619 46037 54979 273164 259598 X 800004 1520950 1180508 1072985 1980512 2593935 2253676 2853533 613423 0 X 0 1 X 1 0 X 1709314 3101903 1590311 3832943 3615630 13850101 1709314 3101903 1590311 3832943 3615630 13850101 1908376 11941725 225 233 297 514 1269 3580 2738 7522 12281 26121 13877491 175193 0.86050 0.90670 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 33309 22172 11137 49125 8771 40354 51491 DEFERRED RENT 54979 54979 5007837 1413012 1413012 3594825 0 3594825 4394414 1413012 1413012 2981402 0 2981402 ANNUAL COCKTAIL RECEPTION 1000941 949641 51300 84900 1000941 949641 51300 84900 84900 -33600 X X X 0 0 0 0 0 0 0 0 0 BETH BREGER EXECUTIVE DIRECTOR 137217 0 0 0 0 0 7500 0 27690 0 172407 0 0 0 X 8 97916 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.