BETA

LEADERSHIP ENTERPRISE FOR A DIVERSE AMERICA - LEDA: Form 990, tax year 2016

View the entire original 990 at ProPublica ↗

Organization
LEADERSHIP ENTERPRISE FOR A DIVERSE AMERICA - LEDA (EIN 33-1071771)
Tax period
2016-09-01 to 2017-08-31
Filed
2018-07-10
IRS object ID
201821919349301262
Schema version
2016v3.0
Source
Download XML · Original 990 at ProPublica

Every field in the e-filed return. Faint text is the IRS element name, for citing.

Return header ReturnHeader

FieldValueIRS element (for citing)
Return2018-07-10T16:24:49-05:00ReturnTs
Tax Period End2017-08-31TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN131655065PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1LUTZ AND CARR CPAS LLPBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line1551 FIFTH AVENUE SUITE 400AddressLine1Txt
CityNEW YORKCityNm
State AbbreviationNYStateAbbreviationCd
ZIP10176ZIPCd
FieldValueIRS element (for citing)
Return Type990ReturnTypeCd
Tax Period Begin2016-09-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN331071771EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1LEADERSHIP ENTERPRISE FOR ABusinessNameLine1Txt
Business Name Line2DIVERSE AMERICABusinessNameLine2Txt
FieldValueIRS element (for citing)
Business Name ControlLEADBusinessNameControlTxt
Phone2126729750PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line1501 SEVENTH AVENUE - 7TH FLOORAddressLine1Txt
CityNEW YORKCityNm
State AbbreviationNYStateAbbreviationCd
ZIP100185970ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonBETH BREGERPersonNm
Person TitleEXECUTIVE DIRECTORPersonTitleTxt
Phone2126729750PhoneNum
Signature2018-04-09SignatureDt
Discuss With Paid PreparerYes (1)DiscussWithPaidPreparerInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonFREDERICK MARTENSPreparerPersonNm
PTINP00298107PTIN
Phone2126972299PhoneNum
FieldValueIRS element (for citing)
Tax2016TaxYr
Build TS2022-09-23 18:48:47ZBuildTS

Form 990 IRS990

FieldValueIRS element (for citing)
Principal OfficerBETH BREGERPrincipalOfficerNm

US Address USAddress

FieldValueIRS element (for citing)
Address Line1501 SEVENTH AVENUE - 7TH FLOORAddressLine1Txt
CityNEW YORKCityNm
State AbbreviationNYStateAbbreviationCd
ZIP100185970ZIPCd
FieldValueIRS element (for citing)
Gross Receipts$1,608,199GrossReceiptsAmt
Group Return For Affiliates0GroupReturnForAffiliatesInd
Organization501c3Yes (X)Organization501c3Ind
Website AddressLEDASCHOLARS.ORGWebsiteAddressTxt
Type Of Organization CorpYes (X)TypeOfOrganizationCorpInd
Formation2003FormationYr
Legal Domicile StateNYLegalDomicileStateCd
Activity Or MissionSEE SCHEDULE OActivityOrMissionDesc
Voting Members Governing Body23VotingMembersGoverningBodyCnt
Voting Members Independent23VotingMembersIndependentCnt
Total Employee52TotalEmployeeCnt
Total Volunteers24TotalVolunteersCnt
Total Gross UBI$0TotalGrossUBIAmt
Net Unrelated Bus Txbl Incm$0NetUnrelatedBusTxblIncmAmt
PY Contributions Grants$3,291,903PYContributionsGrantsAmt
CY Contributions Grants$1,590,311CYContributionsGrantsAmt
PY Program Service Revenue$0PYProgramServiceRevenueAmt
CY Program Service Revenue$0CYProgramServiceRevenueAmt
PY Investment Income$233PYInvestmentIncomeAmt
CY Investment Income$0CYInvestmentIncomeAmt
PY Other Revenue$3,580PYOtherRevenueAmt
CY Other Revenue-$29,325CYOtherRevenueAmt
PY Total Revenue$3,295,716PYTotalRevenueAmt
CY Total Revenue$1,560,986CYTotalRevenueAmt
PY Grants And Similar Paid$4,355PYGrantsAndSimilarPaidAmt
CY Grants And Similar Paid$0CYGrantsAndSimilarPaidAmt
PY Benefits Paid To Members$0PYBenefitsPaidToMembersAmt
CY Benefits Paid To Members$0CYBenefitsPaidToMembersAmt
PY Salaries Comp Emp Bnft Paid$1,399,612PYSalariesCompEmpBnftPaidAmt
CY Salaries Comp Emp Bnft Paid$1,484,657CYSalariesCompEmpBnftPaidAmt
PY Total Prof Fndrsng Expns$0PYTotalProfFndrsngExpnsAmt
CY Total Prof Fndrsng Expns$0CYTotalProfFndrsngExpnsAmt
CY Total Fundraising Expense$263,588CYTotalFundraisingExpenseAmt
PY Other Expenses$831,781PYOtherExpensesAmt
CY Other Expenses$877,494CYOtherExpensesAmt
PY Total Expenses$2,235,748PYTotalExpensesAmt
CY Total Expenses$2,362,151CYTotalExpensesAmt
PY Revenues Less Expenses$1,059,968PYRevenuesLessExpensesAmt
CY Revenues Less Expenses-$801,165CYRevenuesLessExpensesAmt
Total Assets BOY$1,751,705TotalAssetsBOYAmt
Total Assets EOY$844,409TotalAssetsEOYAmt
Total Liabilities BOY$82,231TotalLiabilitiesBOYAmt
Total Liabilities EOY$158,334TotalLiabilitiesEOYAmt
Net Assets Or Fund Balances BOY$1,669,474NetAssetsOrFundBalancesBOYAmt
Net Assets Or Fund Balances EOY$686,075NetAssetsOrFundBalancesEOYAmt
Info In Schedule O Part IIIYes (X)InfoInScheduleOPartIIIInd
MissionLEADERSHIP ENTERPRISE FOR A DIVERSE AMERICA (LEDA) IS A NATIONAL, NOT-FOR-PROFIT ORGANIZATION DEDICATED TO IDENTIFYING AND DEVELOPING THE ACADEMIC AND LEADERSHIP POTENTIAL OF EXCEPTIONAL PUBLIC HIGH SCHOOL STUDENTS FROM SOCIOECONOMICALLY DISADVANTAGED BACKGROUNDS. THESE STUDENTS ARE CURRENTLY UNDERREPRESENTED IN OUR NATION'S TOP COLLEGES, UNIVERSITIES, AND ULTIMATELY, LEADERSHIP SECTORS.MissionDesc
Significant New Program Srvc0SignificantNewProgramSrvcInd
Significant Change0SignificantChangeInd
Expense$288,393ExpenseAmt
DescRECRUITMENT AND ADMISSION: IN FISCAL YEAR 2017, RECRUITMENT EFFORTS SPANNED ALL 50 U.S. STATES: STAFF CONDUCTED INFORMATION SESSIONS AT 96 U.S. HIGH SCHOOLS; SPOKE TO MORE THAN 1,650 STUDENTS; AND WORKED WITH 313 COMMUNITY BASED ORGANIZATIONS. LEDA RECEIVED OVER 1,200 APPLICATIONS FROM 47 STATES, ADMITTING 100 COHORT 13 SCHOLARS FROM 32 U.S. STATES. COHORT 13 REPRESENTS A MYYRIAD OF STATES, INCLUDING ARKANSAS, CALIFORNIA, FLORIDA, LOUISIANA, HAWAII, ILLINOIS, NEVADA, NEW YORK, NEW JERSEY, PENNSYLVANIA, TENNESSEE, VIRGINIA, AND WASHINGTON. THE AVERAGE HOUSEHOLD INCOME FOR INCOMING COHORT 13 SCHOLARS IS $33,072 FOR A HOUSEHOLD OF FIVE. EIGHTY-TWO PERCENT OF COHORT 13 SCHOLARS ARE FIRST-GENERATION COLLEGE STUDENTS AND REPRESENT DIVERSE RACIAL AND ETHNIC BACKGROUNDS.Desc

Prog Srvc Accom Acty2 ProgSrvcAccomActy2Grp

FieldValueIRS element (for citing)
Expense$677,858ExpenseAmt
DescASPECTS OF LEADERSHIP SUMMER INSTITUTE: COHORT 13 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 REPRESENTATIVES FROM 19 COLLEGES AND UNIVERSITIES AND SCHOLARS TOURED SELECTIVE COLLEGE CAMPUSES.Desc

Prog Srvc Accom Acty3 ProgSrvcAccomActy3Grp

FieldValueIRS element (for citing)
Expense$323,599ExpenseAmt
DescCOLLEGE 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, INDIVDIUALIZED LETTERS OF RECOMMENDATION, AND ESSAY WRITING, FINANCIAL AID AND SCHOLARSHIP APPLICATION SUPPORT. LEDA STAFF SUPPORTED COHORT 12 SCHOLARS IN THE COLLEGE APPLICATION PROCESS. NINETY-NINE PERCENT OF SCHOLARS RECEIVED ACCEPTANCES TO AT LEAST ONE MOST COMPETITIVE COLLEGE OR UNIVERSITY (AS CLASSIFIED BY BARRON'S PROFILE OF AMERICAN COLLEGES) AND SIXTY-THREE PERCENT RECEIVED ACCEPTANCES TO IVY LEAGUE INSTITUTIONS ALONG WITH STANFORD UNIVERSITY AND MASSACHUSETTS INSTITUTE OF TECHNOLOGY (MIT). SCHOLARSHIPS RECEIVED BY LEDA COHORT 12 INCLUDED: FIVE JACK KENT COOKE SCHOLARSHIPS, TEN HORATIO ALGER SCHOLARSHIPS, THREE RON BROWN SCHOLARSHIPS, THREE KPMG FUTURE LEADERS SCHOLARSHIPS,THREE COCA-COLA SCHOLARSHIPS AND ONE GENERATION GOOGLE SCHOLARSHIP.Desc

Prog Srvc Accom Acty Other ProgSrvcAccomActyOtherGrp

FieldValueIRS element (for citing)
Expense$443,795ExpenseAmt
DescCOLLEGE SUCCESS: OVER THE COURSE OF FY 2017, 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 CAREER DEVELOPMENT AND POST-GRADUATE PLANNING. STAFF MET WITH OR VISITED 153 SCHOLARS AT 17 DIFFERENT COLLEGES, AND SUCCESSFULLY COMMUNICATED WITH 95 PERCENT (261 OF 274) SCHOLARS CURRENTLY ENROLLED IN COLLEGE. AS OF MAY 2017, 98 PERCENT OF SCHOLARS IN COHORTS 1-8 GRADUATED FROM COLLEGE. CAREER NETWORK: IN FY 2017, LEDA EXPANDED ITS CURRENT LEADERSHIP DEVELOPMENT MODEL BY LAUNCHING THE LEDA CAREER NETWORK, INCLUDING A FLAGSHIP FOUR-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 2017, THE LEDA CAREER NETWORK ACCEPTED 158 CAREER FELLOWS FROM 34 STATES, REPRESENTING 50 COLLEGES.Desc
FieldValueIRS element (for citing)
Total Other Prog Srvc Expense$443,795TotalOtherProgSrvcExpenseAmt
Total Program Service Expenses$1,733,645TotalProgramServiceExpensesAmt
Described In Section501c3Yes (1)DescribedInSection501c3Ind
Schedule B RequiredYes (1)ScheduleBRequiredInd
Political Campaign Acty0PoliticalCampaignActyInd
Lobbying Activities0LobbyingActivitiesInd
Subject To Proxy Tax0SubjectToProxyTaxInd
Donor Advised Fund0DonorAdvisedFundInd
Conservation Easements0ConservationEasementsInd
Collections Of Art0CollectionsOfArtInd
Credit Counseling0CreditCounselingInd
Temp Or Permanent Endowments0TempOrPermanentEndowmentsInd
Report Land Building EquipmentYes (1)ReportLandBuildingEquipmentInd
Report Investments Other Sec0ReportInvestmentsOtherSecInd
Report Program Related Invst0ReportProgramRelatedInvstInd
Report Other Assets0ReportOtherAssetsInd
Report Other Liabilities0ReportOtherLiabilitiesInd
Include FIN48 Footnote0IncludeFIN48FootnoteInd
Independent Audit Fincl StmtYes (1)IndependentAuditFinclStmtInd
Consolidated Audit Fincl Stmt0ConsolidatedAuditFinclStmtInd
School Operating0SchoolOperatingInd
Foreign Office0ForeignOfficeInd
Foreign Activities0ForeignActivitiesInd
More Than5000 K To Org0MoreThan5000KToOrgInd
More Than5000 K To Individuals0MoreThan5000KToIndividualsInd
Professional Fundraising0ProfessionalFundraisingInd
Fundraising ActivitiesYes (1)FundraisingActivitiesInd
Gaming Activities0GamingActivitiesInd
Operate Hospital0OperateHospitalInd
Grants To Organizations0GrantsToOrganizationsInd
Grants To Individuals0GrantsToIndividualsInd
Schedule J RequiredYes (1)ScheduleJRequiredInd
Tax Exempt Bonds0TaxExemptBondsInd
Engaged In Excess Benefit Trans0EngagedInExcessBenefitTransInd
PY Excess Benefit Trans0PYExcessBenefitTransInd
Loan Outstanding0LoanOutstandingInd
Grant To Related Person0GrantToRelatedPersonInd
Business Rln With Org Mem0BusinessRlnWithOrgMemInd
Business Rln With Fam Mem0BusinessRlnWithFamMemInd
Business Rln With Officer Ent0BusinessRlnWithOfficerEntInd
Deductible Non Cash ContriYes (1)DeductibleNonCashContriInd
Deductible Art Contribution0DeductibleArtContributionInd
Terminate Operations0TerminateOperationsInd
Partial Liquidation0PartialLiquidationInd
Disregarded Entity0DisregardedEntityInd
Related Entity0RelatedEntityInd
Related Organization Ctrl Ent0RelatedOrganizationCtrlEntInd
Trnsfr Exmpt Non Chrtbl Rltd Org0TrnsfrExmptNonChrtblRltdOrgInd
Activities Conducted Prtshp0ActivitiesConductedPrtshpInd
Schedule O RequiredYes (1)ScheduleORequiredInd
IRP Document14IRPDocumentCnt
IRP Document W2 G0IRPDocumentW2GCnt
Backup Wthld ComplianceYes (1)BackupWthldComplianceInd
Employee52EmployeeCnt
Employment Tax Returns FiledYes (1)EmploymentTaxReturnsFiledInd
Unrelated Bus Incm Over Limit0UnrelatedBusIncmOverLimitInd
Foreign Financial Account0ForeignFinancialAccountInd
Prohibited Tax Shelter Trans0ProhibitedTaxShelterTransInd
Taxable Party Notification0TaxablePartyNotificationInd
Nondeductible Contributions0NondeductibleContributionsInd
Quid Pro Quo ContributionsYes (1)QuidProQuoContributionsInd
Quid Pro Quo Contri DisclYes (1)QuidProQuoContriDisclInd
Form8282 Property Disposed Of0Form8282PropertyDisposedOfInd
Rcv Fnds To Pay Prsnl Bnft Cntrct0RcvFndsToPayPrsnlBnftCntrctInd
Pay Premiums Prsnl Bnft Cntrct0PayPremiumsPrsnlBnftCntrctInd
Indoor Tanning Services0IndoorTanningServicesInd
Info In Schedule O Part VIYes (X)InfoInScheduleOPartVIInd
Governing Body Voting Members23GoverningBodyVotingMembersCnt
Independent Voting Member23IndependentVotingMemberCnt
Family Or Business RlnYes (1)FamilyOrBusinessRlnInd
Delegation Of Mgmt Duties0DelegationOfMgmtDutiesInd
Change To Org DocumentsYes (1)ChangeToOrgDocumentsInd
Material Diversion Or Misuse0MaterialDiversionOrMisuseInd
Members Or Stockholders0MembersOrStockholdersInd
Election Of Board Members0ElectionOfBoardMembersInd
Decisions Subject To Approva0DecisionsSubjectToApprovaInd
Minutes Of Governing BodyYes (1)MinutesOfGoverningBodyInd
Minutes Of CommitteesYes (1)MinutesOfCommitteesInd
Officer Mailing Address0OfficerMailingAddressInd
Local Chapters0LocalChaptersInd
Form990 Provided To Gvrn BodyYes (1)Form990ProvidedToGvrnBodyInd
Conflict Of Interest PolicyYes (1)ConflictOfInterestPolicyInd
Annual Disclosure Covered PrsnYes (1)AnnualDisclosureCoveredPrsnInd
Regular Monitoring EnfrcYes (1)RegularMonitoringEnfrcInd
Whistleblower PolicyYes (1)WhistleblowerPolicyInd
Document Retention PolicyYes (1)DocumentRetentionPolicyInd
Compensation Process CEOYes (1)CompensationProcessCEOInd
Compensation Process Other0CompensationProcessOtherInd
Investment In Joint Venture0InvestmentInJointVentureInd
States Where Copy Of Return Is FldNYStatesWhereCopyOfReturnIsFldCd
Upon RequestYes (X)UponRequestInd

Books In Care Of Detail BooksInCareOfDetail

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1THE ORGANIZATIONBusinessNameLine1Txt
FieldValueIRS element (for citing)
Phone2126729750PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line1501 SEVENTH AVENUE - 7TH FLOORAddressLine1Txt
CityNEW YORKCityNm
State AbbreviationNYStateAbbreviationCd
ZIP100185970ZIPCd

Form990 Part VII Section A Form990PartVIISectionAGrp (26 entries)

TitleTitleTxtAverage Hours Per WeekAverageHoursPerWeekRtIndividual Trustee Or DirectorIndividualTrusteeOrDirectorIndOfficerOfficerIndReportable Comp From OrgReportableCompFromOrgAmtReportable Comp From Rltd OrgReportableCompFromRltdOrgAmtOther CompensationOtherCompensationAmtHighest Compensated EmployeeHighestCompensatedEmployeeInd
ELISA LIANG
CHAIR4.00Yes (X)Yes (X)$0$0$0
ARUN ALAGAPPAN
VICE PRESIDENT3.00Yes (X)Yes (X)$0$0$0
ENRIQUE FOSTER GITTES
TREASURER2.00Yes (X)Yes (X)$0$0$0
CAROLYN AINSLIE
TRUSTEE1.00Yes (X)$0$0$0
LAWRENCE BASCOM
TRUSTEE2.00Yes (X)$0$0$0
ANDERS BRAG
TRUSTEE1.00Yes (X)$0$0$0
NAN ROTHSCHILD COOPER
TRUSTEE1.00Yes (X)$0$0$0
MORRY DAVIS
TRUSTEE1.00Yes (X)$0$0$0
ALEXANDRA ENGLER
TRUSTEE1.00Yes (X)$0$0$0
FREDERICK FOGEL
TRUSTEE1.00Yes (X)$0$0$0
LUCY FRIEDMAN
TRUSTEE1.00Yes (X)$0$0$0
GAIL FURMAN
TRUSTEE1.00Yes (X)$0$0$0
ILANA GOLDMAN
TRUSTEE1.00Yes (X)$0$0$0
WARREN HABER
TRUSTEE3.00Yes (X)$0$0$0
DENISE LEE HURLEY
TRUSTEE1.00Yes (X)$0$0$0
JACK RIVKIN
TRUSTEE1.00Yes (X)$0$0$0
JOHN ROBERTS
TRUSTEE4.00Yes (X)$0$0$0
BERT ROSENBLATT
TRUSTEE1.00Yes (X)$0$0$0
LOIS SEVERINI
TRUSTEE1.00Yes (X)$0$0$0
EDWARD STRONG
TRUSTEE1.00Yes (X)$0$0$0
SALLY THORNER
TRUSTEE1.00Yes (X)$0$0$0
LINDSEY TURNER
TRUSTEE1.00Yes (X)$0$0$0
ANTHONY YOSELOFF
TRUSTEE1.00Yes (X)$0$0$0
JIDE ZEITLIN
TRUSTEE1.00Yes (X)$0$0$0
BETH BREGER
EXECUTIVE DIRECTOR40.00Yes (X)$135,827$0$16,278
EURIPHILE JOSEPH
SECRETARY/DEPUTY EXECUTIVE DIRECTOR40.00$103,689$0$5,820Yes (X)
FieldValueIRS element (for citing)
Total Reportable Comp From Org$239,516TotalReportableCompFromOrgAmt
Tot Reportable Comp Rltd Org$0TotReportableCompRltdOrgAmt
Total Other Compensation$22,098TotalOtherCompensationAmt
Indiv Rcvd Greater Than100 K2IndivRcvdGreaterThan100KCnt
Former Ofcr Employees Listed0FormerOfcrEmployeesListedInd
Total Comp Greater Than150 KYes (1)TotalCompGreaterThan150KInd
Compensation From Other Srcs0CompensationFromOtherSrcsInd
Cntrct Rcvd Greater Than100 K0CntrctRcvdGreaterThan100KCnt
Fundraising$408,670FundraisingAmt
All Other Contributions$1,181,641AllOtherContributionsAmt
Noncash Contributions$72,330NoncashContributionsAmt
Total Contributions$1,590,311TotalContributionsAmt
Fundraising Gross Income$15,150FundraisingGrossIncomeAmt
Contri Rpt Fundraising Event$408,670ContriRptFundraisingEventAmt
Fundraising Direct Expenses$47,213FundraisingDirectExpensesAmt

Net Incm From Fundraising Evt NetIncmFromFundraisingEvtGrp

FieldValueIRS element (for citing)
Total Revenue Column-$32,063TotalRevenueColumnAmt
Exclusion-$32,063ExclusionAmt

Other Revenue Misc OtherRevenueMiscGrp

FieldValueIRS element (for citing)
DescMISCELLANEOUSDesc
Business900099BusinessCd
Total Revenue Column$2,738TotalRevenueColumnAmt
Exclusion$2,738ExclusionAmt
FieldValueIRS element (for citing)
Other Revenue Total$2,738OtherRevenueTotalAmt

Total Revenue TotalRevenueGrp

FieldValueIRS element (for citing)
Total Revenue Column$1,560,986TotalRevenueColumnAmt
Related Or Exempt Func Income$0RelatedOrExemptFuncIncomeAmt
Unrelated Business Revenue$0UnrelatedBusinessRevenueAmt
Exclusion-$29,325ExclusionAmt

Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp

FieldValueIRS element (for citing)
Total$162,235TotalAmt
Program Services$89,229ProgramServicesAmt
Management And General$24,335ManagementAndGeneralAmt
Fundraising$48,671FundraisingAmt

Other Salaries And Wages OtherSalariesAndWagesGrp

FieldValueIRS element (for citing)
Total$1,103,965TotalAmt
Program Services$868,841ProgramServicesAmt
Management And General$139,559ManagementAndGeneralAmt
Fundraising$95,565FundraisingAmt

Pension Plan Contributions PensionPlanContributionsGrp

FieldValueIRS element (for citing)
Total$26,713TotalAmt
Program Services$21,819ProgramServicesAmt
Management And General$3,298ManagementAndGeneralAmt
Fundraising$1,596FundraisingAmt

Other Employee Benefits OtherEmployeeBenefitsGrp

FieldValueIRS element (for citing)
Total$76,854TotalAmt
Program Services$59,864ProgramServicesAmt
Management And General$9,777ManagementAndGeneralAmt
Fundraising$7,213FundraisingAmt

Payroll Taxes PayrollTaxesGrp

FieldValueIRS element (for citing)
Total$114,890TotalAmt
Program Services$87,210ProgramServicesAmt
Management And General$14,843ManagementAndGeneralAmt
Fundraising$12,837FundraisingAmt

Fees For Services Accounting FeesForServicesAccountingGrp

FieldValueIRS element (for citing)
Total$36,910TotalAmt
Management And General$36,910ManagementAndGeneralAmt

Fees For Services Other FeesForServicesOtherGrp

FieldValueIRS element (for citing)
Total$145,673TotalAmt
Program Services$85,330ProgramServicesAmt
Management And General$44,801ManagementAndGeneralAmt
Fundraising$15,542FundraisingAmt

Advertising AdvertisingGrp

FieldValueIRS element (for citing)
Total$27,187TotalAmt
Program Services$10,088ProgramServicesAmt
Fundraising$17,099FundraisingAmt

Office Expenses OfficeExpensesGrp

FieldValueIRS element (for citing)
Total$79,677TotalAmt
Program Services$34,476ProgramServicesAmt
Management And General$12,328ManagementAndGeneralAmt
Fundraising$32,873FundraisingAmt

Occupancy OccupancyGrp

FieldValueIRS element (for citing)
Total$122,888TotalAmt
Program Services$83,508ProgramServicesAmt
Management And General$22,128ManagementAndGeneralAmt
Fundraising$17,252FundraisingAmt

Travel TravelGrp

FieldValueIRS element (for citing)
Total$61,157TotalAmt
Program Services$54,870ProgramServicesAmt
Management And General$1,258ManagementAndGeneralAmt
Fundraising$5,029FundraisingAmt

Depreciation Depletion DepreciationDepletionGrp

FieldValueIRS element (for citing)
Total$2,673TotalAmt
Management And General$2,673ManagementAndGeneralAmt

Insurance InsuranceGrp

FieldValueIRS element (for citing)
Total$43,712TotalAmt
Program Services$3,000ProgramServicesAmt
Management And General$40,712ManagementAndGeneralAmt

Other Expenses OtherExpensesGrp (4 entries)

DescDescTotalTotalAmtProgram ServicesProgramServicesAmtManagement And GeneralManagementAndGeneralAmtFundraisingFundraisingAmt
STUDENT HOUSING/TRAVEL$290,391$286,698$649$3,044
PAYROLL SERVICES/FEES$32,793$22,104$3,878$6,811
COLLEGE GUIDANCE$15,445$15,445
STUDENT SUPPORT$10,453$10,453

All Other Expenses AllOtherExpensesGrp

FieldValueIRS element (for citing)
Total$8,535TotalAmt
Program Services$710ProgramServicesAmt
Management And General$7,769ManagementAndGeneralAmt
Fundraising$56FundraisingAmt

Total Functional Expenses TotalFunctionalExpensesGrp

FieldValueIRS element (for citing)
Total$2,362,151TotalAmt
Program Services$1,733,645ProgramServicesAmt
Management And General$364,918ManagementAndGeneralAmt
Fundraising$263,588FundraisingAmt

Cash Non Interest Bearing CashNonInterestBearingGrp

FieldValueIRS element (for citing)
BOY$64BOYAmt
EOY$225,019EOYAmt

Savings And Temp Cash Invst SavingsAndTempCashInvstGrp

FieldValueIRS element (for citing)
BOY$521,634BOYAmt
EOY$532,988EOYAmt

Pledges And Grants Receivable PledgesAndGrantsReceivableGrp

FieldValueIRS element (for citing)
BOY$1,198,780BOYAmt
EOY$66,424EOYAmt

Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp

FieldValueIRS element (for citing)
BOY$24,764BOYAmt
EOY$13,438EOYAmt
FieldValueIRS element (for citing)
Land Bldg Equip Cost Or Other Bss$14,955LandBldgEquipCostOrOtherBssAmt
Land Bldg Equip Accum Deprec$13,665LandBldgEquipAccumDeprecAmt

Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp

FieldValueIRS element (for citing)
BOY$3,963BOYAmt
EOY$1,290EOYAmt

Other Assets Total OtherAssetsTotalGrp

FieldValueIRS element (for citing)
BOY$2,500BOYAmt
EOY$5,250EOYAmt

Total Assets TotalAssetsGrp

FieldValueIRS element (for citing)
BOY$1,751,705BOYAmt
EOY$844,409EOYAmt

Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp

FieldValueIRS element (for citing)
BOY$82,231BOYAmt
EOY$158,334EOYAmt

Total Liabilities TotalLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$82,231BOYAmt
EOY$158,334EOYAmt
FieldValueIRS element (for citing)
Organization Follows SFAS117Yes (X)OrganizationFollowsSFAS117Ind

Unrestricted Net Assets UnrestrictedNetAssetsGrp

FieldValueIRS element (for citing)
BOY$469,021BOYAmt
EOY$514,162EOYAmt

Temporarily Rstr Net Assets TemporarilyRstrNetAssetsGrp

FieldValueIRS element (for citing)
BOY$1,200,453BOYAmt
EOY$171,913EOYAmt

Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$1,669,474BOYAmt
EOY$686,075EOYAmt

Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$1,751,705BOYAmt
EOY$844,409EOYAmt
FieldValueIRS element (for citing)
Reconcilation Revenue Expnss-$801,165ReconcilationRevenueExpnssAmt
Prior Period Adjustments-$182,234PriorPeriodAdjustmentsAmt
Other Changes In Net Assets$0OtherChangesInNetAssetsAmt
Method Of Accounting AccrualYes (X)MethodOfAccountingAccrualInd
Accountant Compile Or Review0AccountantCompileOrReviewInd
FS AuditedYes (1)FSAuditedInd

FS Audited Basis FSAuditedBasisGrp

FieldValueIRS element (for citing)
Separate Basis Fincl StmtYes (X)SeparateBasisFinclStmtInd
FieldValueIRS element (for citing)
Audit CommitteeYes (1)AuditCommitteeInd
Federal Grant Audit Required0FederalGrantAuditRequiredInd

Schedule A IRS990ScheduleA

FieldValueIRS element (for citing)
Public Organization170Yes (X)PublicOrganization170Ind

Gifts Grants Contri Rcvd170 GiftsGrantsContriRcvd170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$914,776CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$1,473,010CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$1,709,314CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$3,101,903CurrentTaxYearMinus1YearAmt
Current Tax Year$1,590,311CurrentTaxYearAmt
Total$8,789,314TotalAmt

Total Calendar Year170 TotalCalendarYear170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$914,776CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$1,473,010CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$1,709,314CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$3,101,903CurrentTaxYearMinus1YearAmt
Current Tax Year$1,590,311CurrentTaxYearAmt
Total$8,789,314TotalAmt
FieldValueIRS element (for citing)
Substantial Contributors Tot$889,250SubstantialContributorsTotAmt
Public Support Total170$7,900,064PublicSupportTotal170Amt

Gross Investment Income170 GrossInvestmentIncome170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$424CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$51CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$225CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$233CurrentTaxYearMinus1YearAmt
Total$933TotalAmt

Other Income170 OtherIncome170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus1 Year$3,580CurrentTaxYearMinus1YearAmt
Current Tax Year$2,738CurrentTaxYearAmt
Total$6,318TotalAmt
FieldValueIRS element (for citing)
Total Support$8,796,565TotalSupportAmt
Gross Receipts Rltd Activities$159,009GrossReceiptsRltdActivitiesAmt
Public Support CY1700.89810PublicSupportCY170Pct
Public Support PY1700.99990PublicSupportPY170Pct
Thirty Thr Pct Suprt Tests CY170Yes (X)ThirtyThrPctSuprtTestsCY170Ind
Public Support PY5090.99990PublicSupportPY509Pct
Investment Income PY0.00010InvestmentIncomePYPct

Schedule B IRS990ScheduleB

Contributor Information ContributorInformationGrp

FieldValueIRS element (for citing)
ContributorRESTRICTEDContributorNum

Contributor Business Name ContributorBusinessName

FieldValueIRS element (for citing)
Business Name Line1RESTRICTEDBusinessNameLine1

Contributor US Address ContributorUSAddress

FieldValueIRS element (for citing)
Address Line1RESTRICTEDAddressLine1
Address Line2RESTRICTEDAddressLine2
CityRESTRICTEDCity
StateRESTRICTEDState
ZIP CodeRESTRICTEDZIPCode
FieldValueIRS element (for citing)
Total ContributionsRESTRICTEDTotalContributionsAmt

Schedule D IRS990ScheduleD

Equipment EquipmentGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$14,955OtherCostOrOtherBasisAmt
Depreciation$13,665DepreciationAmt
Book Value$1,290BookValueAmt

Other Land Buildings OtherLandBuildingsGrp

FieldValueIRS element (for citing)
Book Value$0BookValueAmt
FieldValueIRS element (for citing)
Total Book Value Land Buildings$1,290TotalBookValueLandBuildingsAmt
Total Rev Etc Audited Fincl Stmt$2,943,241TotalRevEtcAuditedFinclStmtAmt
Donated Services And Use Fclts$1,382,255DonatedServicesAndUseFcltsAmt
Revenue Not Reported$1,382,255RevenueNotReportedAmt
Revenue Subtotal$1,560,986RevenueSubtotalAmt
Revenue Not Reported Fincl Stmt$0RevenueNotReportedFinclStmtAmt
Total Revenue Per Form990$1,560,986TotalRevenuePerForm990Amt
Tot Expns Etc Audited Fincl Stmt$3,744,406TotExpnsEtcAuditedFinclStmtAmt
Donated Services Use Fclts$1,382,255DonatedServicesUseFcltsAmt
Expenses Not Reported$1,382,255ExpensesNotReportedAmt
Expenses Subtotal$2,362,151ExpensesSubtotalAmt
Expenses Not Rpt Fincl Stmt$0ExpensesNotRptFinclStmtAmt
Total Expenses Per Form990$2,362,151TotalExpensesPerForm990Amt

Schedule G IRS990ScheduleG

Fundraising Event Information FundraisingEventInformationGrp

FieldValueIRS element (for citing)
Event1ANNUAL COCKTAIL RECEPTIONEvent1Nm
Gross Receipts Event1$423,820GrossReceiptsEvent1Amt
Charitable Contri Event1$408,670CharitableContriEvent1Amt
Gross Revenue Event1$15,150GrossRevenueEvent1Amt
Food And Beverage Event1$47,213FoodAndBeverageEvent1Amt
Gross Receipts Total$423,820GrossReceiptsTotalAmt
Charitable Contributions Tot$408,670CharitableContributionsTotAmt
Gross Revenue Total Events$15,150GrossRevenueTotalEventsAmt
Food And Beverage Total Events$47,213FoodAndBeverageTotalEventsAmt
Direct Expense Summary Events$47,213DirectExpenseSummaryEventsAmt
Net Income Summary-$32,063NetIncomeSummaryAmt

Schedule J IRS990ScheduleJ

FieldValueIRS element (for citing)
Compensation CommitteeYes (X)CompensationCommitteeInd
Compensation SurveyYes (X)CompensationSurveyInd
Board Or Committee ApprovalYes (X)BoardOrCommitteeApprovalInd
Severance Payment0SeverancePaymentInd
Supplemental Nonqual Rtr Plan0SupplementalNonqualRtrPlanInd
Equity Based Comp Arrngm0EquityBasedCompArrngmInd
Comp Based On Revenue Of Flng Org0CompBasedOnRevenueOfFlngOrgInd
Comp Bsd On Rev Related Orgs0CompBsdOnRevRelatedOrgsInd
Comp Bsd Net Earns Flng Org0CompBsdNetEarnsFlngOrgInd
Comp Bsd Net Earns Rltd Orgs0CompBsdNetEarnsRltdOrgsInd
Any Non Fixed Payments0AnyNonFixedPaymentsInd
Initial Contract Exception0InitialContractExceptionInd

Rltd Org Officer Trst Key Empl RltdOrgOfficerTrstKeyEmplGrp

FieldValueIRS element (for citing)
PersonBETH BREGERPersonNm
TitleEXECUTIVE DIRECTORTitleTxt
Base Compensation Filing Org$135,827BaseCompensationFilingOrgAmt
Compensation Based On Rltd Orgs$0CompensationBasedOnRltdOrgsAmt
Bonus Filing Organization$0BonusFilingOrganizationAmount
Bonus Related Organizations$0BonusRelatedOrganizationsAmt
Other Compensation Filing Org$0OtherCompensationFilingOrgAmt
Other Compensation Rltd Orgs$0OtherCompensationRltdOrgsAmt
Deferred Compensation Flng Org$6,806DeferredCompensationFlngOrgAmt
Deferred Comp Rltd Orgs$0DeferredCompRltdOrgsAmt
Nontaxable Benefits Filing Org$9,472NontaxableBenefitsFilingOrgAmt
Nontaxable Benefits Rltd Orgs$0NontaxableBenefitsRltdOrgsAmt
Total Compensation Filing Org$152,105TotalCompensationFilingOrgAmt
Total Compensation Rltd Orgs$0TotalCompensationRltdOrgsAmt
Comp Report Prior990 Filing Org$0CompReportPrior990FilingOrgAmt
Comp Report Prior990 Rltd Orgs$0CompReportPrior990RltdOrgsAmt

Schedule M IRS990ScheduleM

Securities Publicly Traded SecuritiesPubliclyTradedGrp

FieldValueIRS element (for citing)
Non Cash CheckboxYes (X)NonCashCheckboxInd
Contribution6ContributionCnt
Noncash Contributions Rpt F990$72,330NoncashContributionsRptF990Amt
Method Of Determining RevenuesFAIR MARKET VALUEMethodOfDeterminingRevenuesTxt
FieldValueIRS element (for citing)
Form8283 Received0Form8283ReceivedCnt
Any Property That Must Be Held0AnyPropertyThatMustBeHeldInd
Review Process Unusual NC GiftsYes (1)ReviewProcessUnusualNCGiftsInd
Third Parties Used0ThirdPartiesUsedInd

Schedule O IRS990ScheduleO

Supplemental Information Detail SupplementalInformationDetail (7 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
FORM 990, PART I, LINE 1LEADERSHIP ENTERPRISE FOR A DIVERSE AMERICA (LEDA) IS A NATIONAL, NOT-FOR-PROFIT ORGANIZATION DEDICATED TO IDENTIFYING AND DEVELOPING THE ACADEMIC AND LEADERSHIP POTENTIAL OF EXCEPTIONAL PUBLIC HIGH SCHOOL STUDENTS FROM SOCIOECONOMICALLY DISADVANTAGED BACKGROUNDS. THESE STUDENTS ARE CURRENTLY UNDERREPRESENTED IN OUR NATION'S TOP COLLEGES, UNIVERSITIES, AND ULTIMATELY, LEADERSHIP SECTORS. LEDA BELIEVES THAT HIGHLY COMPETITIVE COLLEGES AND UNIVERSITIES ARE A NEXUS FOR THE DEVELOPMENT OF LEADERSHIP. THESE INSTITUTIONS REQUIRE AN INFUSION OF DIVERSITY TO IMPROVE THE MIX OF IDEAS AND INFORMATION IMPACTING LEADERS OF PUBLIC AND PRIVATE ORGANIZATIONS ACROSS THE NATION. BY HELPING SOCIOECONOMICALLY DISADVANTAGED STUDENTS GAIN ADMISSION TO AND SUCCEED AT SELECTIVE ACADEMIC INSTITUTIONS, LEDA SEEKS TO EQUALIZE EDUCATIONAL OPPORTUNITY. LEDA RECOGNIZES THAT WE ARE BETTER OFF AS A NATION AND AS A PEOPLE IF WE OFFER EQUAL OPPORTUNITIES TO ALL, REGARDLESS OF SOCIOECONOMIC STATUS, BY DRAWING UPON THE LEADERSHIP POTENTIAL OF ALL OUR MOST TALENTED CITIZENS.
FORM 990, PART VI, SECTION A, LINE 2THE TREASURER OF LEDA, ENRIQUE FOSTER GITTES, IS MARRIED TO A BOARD MEMBER OF LEDA, LOIS SEVERINI. JOHN ROBERTS AND ARUN ALAGAPPAN HAVE A BUSINESS RELATIONSHIP. ENRIQUE FOSTER GITTES AND WARREN HABER HAVE A BUSINESS RELATIONSHIP. ARUN ALAGAPPAN AND BERT ROSENBLATT HAVE A BUSINESS RELATIONSHIP.
FORM 990, PART VI, SECTION A, LINE 4IN SEPTEMBER 2016, THE BOARD OF DIRECTORS APPROVED CHANGES TO THE ORGANIZATION'S BYLAWS, TO CLARIFY THE RESPONSIBILITIES OF THE TREASURER FOR ANNUAL FINANCIAL REPORTING, AND TO CLARIFY THE APPROVAL PROCESS FOR THE EXECUTIVE DIRECTOR'S COMPENSATION.
FORM 990, PART VI, SECTION B, LINE 11BFORM 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 12CLEDA 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 15ATHE 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 19LEADERSHIP ENTERPRISE FOR A DIVERSE AMERICA MAKES ITS CONFLICT OF INTEREST POLICY AVAILABLE ON ITS WEBSITE AND ITS GOVERNING DOCUMENTS AND FINANCIAL STATEMENTS AVAILABLE UPON REQUEST TO THE PUBLIC.

Comments

Anonymous: no account or email. Up to 2,000 characters, at most one link. Comments are checked automatically; some wait for review.