2017-04-06T17:48:30-05:00 2016-08-31 133516375 N CHENG & CO PC 40 WALL STREET 32ND FLOOR NEW YORK NY 10005 990 2015-09-01 331071771 LEADERSHIP ENTERPRISE FOR A DIVERSE AMERICA LEAD 2126729750 501 SEVENTH AVENUE 7TH FLOOR NEW YORK NY 10018 BETH BREGER EXECUTIVE DIRECTOR 2126729750 2017-04-06 JENNIFFER SANCHEZ P02040580 2127850100 2017-04-06 2015 2021-01-29 14:40:06Z BETH BREGER 501 SEVENTH AVENUE 7TH FLOOR NEW YORK NY 10018 3340058 0 X LEDASCHOLARS.ORG X 2003 NY LEADERSHIP ENTERPRISE FOR A DIVERSE AMERICA (LEDA) IS A NATIONAL, ORGANIZATION DEDICATED TO IDENTIFYING AND DEVELOPING THE ACADEMIC AND LEADERSHIP POTENTIAL OF EXCEPTIONAL PUBLIC HIGH SCHOOL STUDENTS FROM LOW-INCOME BACKGROUNDS. THESE STUDENTS ARE CURRENTLY UNDERREPRESENTED IN OUR NATION'S TOP COLLEGES, UNIVERSITIES, AND ULTIMATELY, LEADERSHIP SECTORS. BY HELPING LOW-INCOME STUDENTS GAIN ADMISSION TO SELECTIVE ACADEMIC INSTITUTIONS, LEDA SEEKS TO EQUALIZE EDUCATIONAL OPPORTUNITY AND DIVERSIFY OUR COUNTRY'S LEADERSHIP PIPELINE. 21 21 52 0 3580 0 1709314 3291903 0 0 225 233 0 3580 1709539 3295716 46485 4355 0 0 1159900 1399612 0 0 307919 484531 831781 1690916 2235748 18623 1059968 644171 1751705 34665 82231 609506 1669474 X 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 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 OPPORTUNITY REGARDLESS OF SOCIOECONOMIC STATUS, DRAWING UPON THE LEADERSHIP POTENTIAL OF ALL OF OUR MOST TALENTED CITIZENS. 0 0 304740 4355 RECRUITMENT AND ADMISSION: IN FISCAL YEAR 2016, LEDA RECRUITED 100 SCHOLARS FROM 37 STATES. THE PROGRAM RECEIVED APPLICATIONS FROM 46 STATES. STAFF CONDUCTED INFORMATION SESSIONS AT 109 SCHOOLS AND SPOKE TO MORE THAN 1,800 STUDENTS. AMONG THE STATES WHERE LEDA PRESENTED ARE ARIZONA, COLORADO, GEORGIA, HAWAII, ILLINOIS, INDIANA, MARYLAND, OHIO, OKLAHOMA, NEW MEXICO, PENNSYLVANIA, SOUTH CAROLINA, TENNESSEE, AND WASHINGTON, D.C. IN-PERSON RECRUITMENT GENERATED 181 APPLICATIONS (16.6% OF TOTAL NUMBER OF APPLICATIONS). THE AVERAGE HOUSEHOLD INCOME FOR THE INCOMING COHORT 12 SCHOLARS IS $37,092 FOR AN AVERAGE HOUSEHOLD OF FIVE. SIXTY-EIGHT PERCENT WILL BE FIRST-GENERATION COLLEGE STUDENTS, AND COHORT 12 SCHOLARS ENCOMPASS A BROAD ETHNIC AND CULTURAL DIVERSITY. 307896 COLLEGE GUIDANCE: LEDA STAFF SUPPORTED COHORT 11 SCHOLARS IN THE COLLEGE APPLICATION PROCESS. NINETY-EIGHT PERCENT OF SCHOLARS RECEIVED ACCEPTANCES TO AT LEAST ONE MOST COMPETITIVE COLLEGE OR UNIVERSITY (94 SCHOLARS). FIFTY-EIGHT PERCENT RECEIVED ACCEPTANCES TO IVY LEAGUE INSTITUTIONS, AS WELL AS STANFORD UNIVERSITY AND MASSACHUSETTS INSTITUTE OF TECHNOLOGY (MIT) (56 SCHOLARS). AMONG THE LEDA COHORT 11 SCHOLARS, 17 WON GATES MILLENNIUM SCHOLARSHIPS, 10 RECEIVED HORATIO ALGER SCHOLARSHIPS, FIVE WERE RON BROWN SCHOLARSHIP WINNERS, AND THREE RECEIVED COCA-COLA SCHOLARSHIPS. 437106 ASPECTS OF LEADERSHIP SUMMER INSTITUTE: COHORT 12 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. 321003 SCHOLAR SUPPORT/COLLEGE SUCCESS: OVER THE COURSE OF FY 2016, LEDA 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 129 SCHOLARS, AND SUCCESSFULLY COMMUNICATED WITH NEARLY 89 PERCENT (218 OF 243) SCHOLARS CURRENTLY ENROLLED IN COLLEGE. AS OF MAY 2016, 95.6% OF SCHOLARS IN COHORTS 1-7 HAVE GRADUATED. 321003 1370745 1 1 0 0 0 0 0 0 0 0 1 0 0 0 0 1 1 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 0 0 1 52 1 0 0 0 0 0 0 0 0 X 21 21 1 0 1 0 0 0 0 1 1 0 0 1 1 1 1 1 0 1 0 0 NY X BETH BREGER 2126729750 501 SEVENTH AVENUE NEW YORK NY 10018 ANDERS C H BRAG TRUSTEE 1.00 X 0 0 0 LUCY N FRIEDMAN TRUSTEE 1.00 X 0 0 0 WARREN H HABER TRUSTEE 3.00 X 0 0 0 DENISE LEE HURLEY TRUSTEE 3.00 X 0 0 0 JACK L RIVKIN TRUSTEE 1.00 X 0 0 0 LOIS SEVERINI TRUSTEE 1.00 X 0 0 0 ALEXANDRA M ENGLER TRUSTEE 1.00 X 0 0 0 FREDERICK H FOGEL TRUSTEE 1.00 X 0 0 0 LAWRENCE P BASCOM TRUSTEE 2.00 X 0 0 0 NAN A ROTHSCHILD COOPER TRUSTEE 1.00 X 0 0 0 EDWARD STRONG TRUSTEE 1.00 X 0 0 0 ELISA LIANG CHAIR 4.00 X X 0 0 0 LINDSEY F TURNER TRUSTEE 1.00 X 0 0 0 ENRIQUE FOSTER GITTES TREASURER 2.00 X X 0 0 0 ARUN ALAGAPPAN VICE PRESIDENT 3.00 X X 0 0 0 JOHN ROBERTS TRUSTEE 4.00 X 0 0 0 GAIL FURMAN TRUSTEE 1.00 X 0 0 0 SHIRLEY M TILGHMAN TRUSTEE 2.00 X 0 0 0 SALLY A THORNER TRUSTEE 1.00 X 0 0 0 ANTHONY YOSELOFF TRUSTEE 1.00 X 0 0 0 BERT ROSENBLATT TRUSTEE 1.00 X 0 0 0 BETH BREGER EXECUTIVE DIRECTOR 40.00 X 140325 0 7948 140325 0 7948 1 0 0 0 0 330855 2961048 70356 3291903 233 233 44342 330855 44342 0 OTHER INCOME 900099 3580 3580 3580 3295716 233 3580 0 4355 4355 142124 68709 25102 48313 1006081 771825 136187 98069 18719 11015 4371 3333 125370 97994 11784 15592 107318 73140 21441 12737 17665 17665 186988 33192 146860 6936 95663 33023 13653 48987 12648 8357 2304 1987 161930 97047 40705 24178 56948 49037 910 7001 3762 3762 34967 34967 STUDENT HOUSING & FACIL 204964 86087 93143 25734 PUBLIC RELATIONS 21733 8100 13633 COLLEGE GUIDANCE 19095 19095 POSTAGE AND DELIVERY 10346 6740 2354 1252 5072 3029 1876 167 2235748 1370745 557084 307919 266 64 614734 521634 1198780 21446 24764 14955 10992 7725 3963 0 2500 644171 1751705 34665 82231 34665 82231 X 459506 469021 150000 1200453 609506 1669474 644171 1751705 1059968 0 X X 0 1 X 1 0 X 1040905 914776 1473010 1709314 3291903 8429908 1040905 914776 1473010 1709314 3291903 8429908 0 0 0 8429908 223 424 51 225 233 1156 223 424 51 225 233 1156 1041128 915200 1473061 1709539 3292136 8431064 0.99990 0.99980 0.00010 0.00020 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 14955 10992 3963 3963 X 4606053 1310337 1310337 3295716 0 3295716 3546085 1310337 1310337 2235748 0 2235748 PART X, LINE 2: UNCERTAINTY IN INCOME TAXES. LEDA HAS NO UNCERTAIN TAX POSITIONS AS OF AUGUST 31, 2016, AND 2015 IN ACCORDANCE WITH ACCOUNTING STANDARDS CODIFICATION ("ASC") TOPIC 740, INCOME TAXES, WHICH PROVIDES STANDARDS FOR ESTABLISHING AND CLASSIFYING ANY TAX PROVISION FOR UNCERTAIN TAX POSITIONS. LEDA IS NO LONGER SUBJECT TO FEDERAL OR STATE AND LOCAL INCOME TAX EXAMINATIONS BY TAX AUTHORITIES FOR THE YEARS ENDED BEFORE 2012. SPECIAL EVENT 375197 330855 44342 44342 375197 330855 44342 44342 44342 0 X 6 70356 FAIR MARKET VALUE 0 0 0 FORM 990, PART VI, SECTION A, LINE 2 THE TREASURER OF LEDA, ENRIQUE FOSTER GITTES, IS MARRIED TO A TRUSTEE 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 LEDA REVISED ITS BYLAWS TO ALIGN WITH THE NEW YORK NONPROFIT REVITALIZATION ACT, AND TO BRING THE DOCUMENT INTO ACCORDANCE WITH GENERAL NOT-FOR-PROFIT CORPORATION LAWS OF THE STATE OF NEW YORK. FORM 990, PART VI, SECTION B, LINE 11 A COPY OF THE FORM 990 IS PROVIDED TO LEDA'S BOARD OF TRUSTEES FOR REVIEW. ALL QUESTIONS ARE ANSWERED TO THEIR SATISFACTION PRIOR TO THE FORM BEING FILED. 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 COMMUNICATE ORGANIZATIONAL POLICIES. THESE MECHANISMS INCLUDE: MONTHLY STAFF MEETINGS, WEEKLY 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. ADDITIONALLY, LEDA BOARD OF DIRECTORS, EXECUTIVES, AND DEPARTMENT DIRECTORS SIGN THE ORGANIZATION'S CONFLICT OF INTEREST POLICY ANNUALLY FORM 990, PART VI, SECTION B, LINE 15A THE LEDA BOARD ANNUALLY REVIEWS THE EXECUTIVE DIRECTOR'S COMPENSATION BY THE FOLLOWING PROCESS: THE GOVERNANCE 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. FORM 990, PART XII, LINE 2C: LEADERSHIP ENTERPRISE FOR A DIVERSE AMERICA HAS AN AUDIT COMMITEE THAT OVERSEES THE AUDIT AND FINANCIAL STATEMENTS. THE COMMITTEE MEETS WITH THE AUDITORS AT THE BEGINNING AND COMPLETION OF THE AUDIT TO REVIEW ALL DOCUMENTS.