2018-07-10T16:24:49-05:00 2017-08-31 131655065 LUTZ AND CARR CPAS LLP 551 FIFTH AVENUE SUITE 400 NEW YORK NY 10176 990 2016-09-01 331071771 LEADERSHIP ENTERPRISE FOR A DIVERSE AMERICA LEAD 2126729750 501 SEVENTH AVENUE - 7TH FLOOR NEW YORK NY 100185970 BETH BREGER EXECUTIVE DIRECTOR 2126729750 2018-04-09 1 FREDERICK MARTENS P00298107 2126972299 2016 2022-09-23 18:48:47Z BETH BREGER 501 SEVENTH AVENUE - 7TH FLOOR NEW YORK NY 100185970 1608199 0 X LEDASCHOLARS.ORG X 2003 NY SEE SCHEDULE O 23 23 52 24 0 0 3291903 1590311 0 0 233 0 3580 -29325 3295716 1560986 4355 0 0 0 1399612 1484657 0 0 263588 831781 877494 2235748 2362151 1059968 -801165 1751705 844409 82231 158334 1669474 686075 X LEADERSHIP 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. 0 0 288393 RECRUITMENT 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. 677858 ASPECTS 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. 323599 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, 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. 443795 COLLEGE 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. 443795 1733645 1 1 0 0 0 0 0 0 0 0 1 0 0 0 0 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 14 0 1 52 1 0 0 0 0 0 1 1 0 0 0 0 X 23 23 1 0 1 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 0 0 NY X THE ORGANIZATION 2126729750 501 SEVENTH AVENUE - 7TH FLOOR NEW YORK NY 100185970 ELISA LIANG CHAIR 4.00 X X 0 0 0 ARUN ALAGAPPAN VICE PRESIDENT 3.00 X X 0 0 0 ENRIQUE FOSTER GITTES TREASURER 2.00 X X 0 0 0 CAROLYN AINSLIE TRUSTEE 1.00 X 0 0 0 LAWRENCE BASCOM TRUSTEE 2.00 X 0 0 0 ANDERS BRAG TRUSTEE 1.00 X 0 0 0 NAN ROTHSCHILD COOPER TRUSTEE 1.00 X 0 0 0 MORRY DAVIS TRUSTEE 1.00 X 0 0 0 ALEXANDRA ENGLER TRUSTEE 1.00 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 ILANA GOLDMAN TRUSTEE 1.00 X 0 0 0 WARREN HABER TRUSTEE 3.00 X 0 0 0 DENISE LEE HURLEY TRUSTEE 1.00 X 0 0 0 JACK RIVKIN TRUSTEE 1.00 X 0 0 0 JOHN ROBERTS TRUSTEE 4.00 X 0 0 0 BERT ROSENBLATT TRUSTEE 1.00 X 0 0 0 LOIS SEVERINI TRUSTEE 1.00 X 0 0 0 EDWARD STRONG TRUSTEE 1.00 X 0 0 0 SALLY THORNER TRUSTEE 1.00 X 0 0 0 LINDSEY TURNER TRUSTEE 1.00 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 135827 0 16278 EURIPHILE JOSEPH SECRETARY/DEPUTY EXECUTIVE DIRECTOR 40.00 X 103689 0 5820 239516 0 22098 2 0 1 0 0 408670 1181641 72330 1590311 15150 408670 47213 -32063 -32063 MISCELLANEOUS 900099 2738 2738 2738 1560986 0 0 -29325 162235 89229 24335 48671 1103965 868841 139559 95565 26713 21819 3298 1596 76854 59864 9777 7213 114890 87210 14843 12837 36910 36910 145673 85330 44801 15542 27187 10088 17099 79677 34476 12328 32873 122888 83508 22128 17252 61157 54870 1258 5029 2673 2673 43712 3000 40712 STUDENT HOUSING/TRAVEL 290391 286698 649 3044 PAYROLL SERVICES/FEES 32793 22104 3878 6811 COLLEGE GUIDANCE 15445 15445 STUDENT SUPPORT 10453 10453 8535 710 7769 56 2362151 1733645 364918 263588 64 225019 521634 532988 1198780 66424 24764 13438 14955 13665 3963 1290 2500 5250 1751705 844409 82231 158334 82231 158334 X 469021 514162 1200453 171913 1669474 686075 1751705 844409 -801165 -182234 0 X 0 1 X 1 0 X 914776 1473010 1709314 3101903 1590311 8789314 914776 1473010 1709314 3101903 1590311 8789314 889250 7900064 424 51 225 233 933 3580 2738 6318 8796565 159009 0.89810 0.99990 X 0.99990 0.00010 RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 14955 13665 1290 0 1290 2943241 1382255 1382255 1560986 0 1560986 3744406 1382255 1382255 2362151 0 2362151 ANNUAL COCKTAIL RECEPTION 423820 408670 15150 47213 423820 408670 15150 47213 47213 -32063 X X X 0 0 0 0 0 0 0 0 0 BETH BREGER EXECUTIVE DIRECTOR 135827 0 0 0 0 0 6806 0 9472 0 152105 0 0 0 X 6 72330 FAIR MARKET VALUE 0 0 1 0 FORM 990, PART I, LINE 1 LEADERSHIP 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 2 THE 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 4 IN 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 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 LEADERSHIP 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.