2019-06-25T14:48:57-05:00 2018-08-31 131655065 LUTZ AND CARR CPAS LLP 551 FIFTH AVENUE SUITE 400 NEW YORK NY 10176 990 2017-09-01 331071771 LEADERSHIP ENTERPRISE FOR A DIVERSE AMERICA LEAD 6467870628 315 WEST 39TH STREET SUITE 607 NEW YORK NY 10018 BETH BREGER EXECUTIVE DIRECTOR 6467870628 2019-06-04 1 FREDERICK MARTENS P00298107 2126972299 38.142.140.186 2019-06-04 09:32:51 ED P 7EE24DDEAA34AFAE9DF92C3D2672F42BD3DA974D D16C9AB565B478FFB55330627FBF10A59200C5EA 2017 2019-02-21 02:37:17Z BETH BREGER 315 WEST 39TH STREET SUITE 607 NEW YORK NY 10018 3864387 0 X LEDASCHOLARS.ORG X 2003 NY SEE SCHEDULE O 25 25 61 26 0 0 1590311 3832943 0 0 0 297 -29325 -8901 1560986 3824339 0 0 0 0 1484657 1585212 0 0 349370 877494 944690 2362151 2529902 -801165 1294437 844409 2253676 158334 273164 686075 1980512 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 287408 RECRUITMENT AND ADMISSION: IN FISCAL YEAR 2018, RECRUITMENT EFFORTS SPANNED ALL 50 U.S. STATES: STAFF CONDUCTED INFORMATION SESSIONS AT 100 U.S. HIGH SCHOOLS; SPOKE TO MORE THAN 982 STUDENTS; AND ENGAGED WITH APPROXIMATELY 450 COMMUNITY-BASED ORGANIZATIONS. LEDA RECEIVED OVER 1,250 APPLICATIONS FROM 48 STATES, ADMITTING 100 LEDA COHORT 14 SCHOLARS FROM 40 STATES: ALABAMA, ALASKA, ARIZONA, CALIFORNIA, COLORADO, CONNECTICUT, DELAWARE, FLORIDA, GEORGIA, HAWAII, ILLINOIS, IOWA, KENTUCKY, LOUISIANA, MAINE, MARYLAND, MASSACHUSETTS, MICHIGAN, MINNESOTA, MISSISSIPPI, MISSOURI, NEBRASKA, NEVADA, NEW JERSEY, NEW MEXICO, NEW YORK, NORTH CAROLINA, NORTH DAKOTA, OHIO, OKLAHOMA, OREGON, PENNSYLVANIA, SOUTH CAROLINA, SOUTH DAKOTA, TENNESSEE, TEXAS, UTAH, VIRGINIA, WASHINGTON, AND WISCONSIN. THE AVERAGE HOUSEHOLD INCOME FOR INCOMING COHORT 14 SCHOLARS WAS $34,228. 87% OF COHORT 14 SCHOLARS ARE FIRST-GENERATION COLLEGE STUDENTS AND REPRESENT DIVERSE RACIAL AND ETHNIC BACKGROUNDS. 618392 ASPECTS OF LEADERSHIP SUMMER INSTITUTE: COHORT 14 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. 291934 COLLEGE GUIDANCE: BEGINNING DURING THE SUMMER INSTITUTE AND CONTINUING THROUGH SENIOR YEAR IN HIGH SCHOOL, LEDA SCHOLARS RECEIVE IN-DEPTH ADVISING ON THE COLLEGE APPLICATION PROCESS, ONE-TO-ONE COUNSELING, INDIVIDUALIZED LETTERS OF RECOMMENDATION, AND ESSAY WRITING, FINANCIAL AID, AND SCHOLARSHIP APPLICATION SUPPORT. LEDA STAFF SUPPORTED COHORT 13 SCHOLARS IN THE COLLEGE APPLICATION PROCESS. 97% OF SCHOLARS RECEIVED ACCEPTANCES TO AT LEAST ONE MOST COMPETITIVE COLLEGE OR UNIVERSITY (AS CLASSIFIED BY BARRON'S PROFILE OF AMERICAN COLLEGES), AND 70% RECEIVED ACCEPTANCES TO IVY LEAGUE INSTITUTIONS, STANFORD UNIVERSITY, AND/OR THE MASSACHUSETTS INSTITUTE OF TECHNOLOGY (MIT). SCHOLARSHIPS RECEIVED BY LEDA COHORT 13 INCLUDED: 15 GATES FOUNDATION, 7 RON BROWN, 5 HORATIO ALGER ASSOCIATION, 4 JACK KENT COOKE, 3 COCA-COLA SCHOLARSHIPS, 2 BURGER KING, 1 CHILDREN'S DEFENSE FUND, 1 GOLDEN DOOR, AND 1 NEW YORK TIMES SCHOLARSHIP. 654126 COLLEGE SUCCESS: OVER THE COURSE OF FY 2018, LEDA'S COLLEGE SUCCESS PROGRAM PROVIDED TRANSITION SUPPORT TO LEDA SCHOLARS ENTERING THEIR FRESHMAN YEAR OF COLLEGE AND TO GRADUATING COLLEGE SENIORS. LEDA ALSO SUPPORTED SCHOLARS WITH ACADEMIC ADVISING, FINANCIAL COUNSELING, MENTORING, EMERGENCY ASSISTANCE, AS WELL AS POST-GRADUATE PLANNING. STAFF CONDUCTED 359 FORMAL CHECK-INS AND SUCCESSFULLY COMMUNICATED WITH 99% (310 OF 324) SCHOLARS ENROLLED IN COLLEGE. AS OF MAY 2018, MORE THAN 90% OF SCHOLARS IN COHORTS 1-9 HAVE GRADUATED FROM COLLEGE. CAREER NETWORK:IN FY 2018, LEDA EMBARKED ON THE SECOND YEAR IF ITS NEW INITIATIVE TO EXPAND 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 ADVISING. IN FY 2018, THE LEDA CAREER NETWORK ACCEPTED 151 CAREER FELLOWS REPRESENTING 41 COLLEGES. LEDA ALSO WORKED WITH MORE THAN 20 EMPLOYER PARTNERS TO OFFER STUDENTS ACCESS TO INTERNSHIP AND CAREER OPPORTUNITIES.POLICY PROJECT:IN THE MIDDLE OF FY 2018, LEDA LAUNCHED THE POLICY PROJECT, A NEW 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 WAS LAUNCHED FOR THE 18 LEDA SCHOLARS SELECTED TO JOIN THE INAUGURAL POLICY CORPS. LEDA SCHOLARS AND POLICY CORPS MEMBERS WERE DEPLOYED TO MULTIPLE EVENTS WHERE THEY PARTICIPATED IN ROUNDTABLES AND PANELS FOCUSING ON VARIOUS ASPECTS OF FEDERAL EDUCATION POLICY AFFECTING STUDENTS FROM UNDERREPRESENTED BACKGROUNDS. 654126 1851860 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 36 0 1 61 1 0 0 0 0 0 1 1 0 0 0 0 X 25 25 1 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 0 0 NY 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 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 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 3.00 X 0 0 0 YELKA KAMARA TRUSTEE 2.00 X 0 0 0 ERIC MENDEZ TRUSTEE 3.00 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 129047 0 35848 KATE SCHUSTER SR DIRECTOR OF FINANCE & OPERATIONS 40.00 X 30507 0 2994 159554 0 38842 1 0 1 0 0 413487 3419456 71915 3832943 297 297 23625 413487 40048 -16423 -16423 MISCELLANEOUS 900099 7522 7522 7522 3824339 0 0 -8604 268491 86418 105484 76589 1069792 887800 48074 133918 39627 32976 3820 2831 82841 68567 5176 9098 124461 91215 14041 19205 52000 52000 161358 115554 12012 33792 6401 6401 105946 54343 23622 27981 153513 117785 13585 22143 64090 60786 549 2755 3713 2721 419 573 42885 500 42385 STUDENT HOUSING/TRAVEL 284839 279613 41 5185 PAYROLL SERVICES/FEES 27307 17439 2417 7451 STUDENT SUPPORT 20766 19621 1145 COLLEGE GUIDANCE 13466 13466 8406 3056 5047 303 2529902 1851860 328672 349370 225019 371412 532988 553286 66424 1143815 13438 33157 82434 17378 1290 65056 5250 86950 844409 2253676 158334 227127 0 46037 158334 273164 X 514162 800004 171913 1180508 686075 1980512 844409 2253676 1294437 0 X 0 1 X 1 0 X 1473010 1709314 3101903 1590311 3832943 11707481 1473010 1709314 3101903 1590311 3832943 11707481 1078978 10628503 51 225 233 297 806 3580 2738 7522 13840 11722127 152922 0.90670 0.89810 X 33309 15624 17685 49125 1754 47371 65056 DEFERRED RENT 46037 46037 5150796 1326457 1326457 3824339 0 3824339 3856359 1326457 1326457 2529902 0 2529902 ANNUAL COCKTAIL RECEPTION 437112 413487 23625 40048 437112 413487 23625 40048 40048 -16423 X X X 0 0 0 0 0 0 0 0 0 BETH BREGER EXECUTIVE DIRECTOR 129047 0 0 0 0 0 7500 0 28348 0 164895 0 0 0 X 7 71915 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 ARE MARRIED. JOHN ROBERTS AND ARUN ALAGAPPAN HAVE A BUSINESS RELATIONSHIP. ENRIQUE FOSTER GITTES AND WARREN HABER HAVE A 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.