2026-09-14T14:49:01-05:00 2025-10-31 320530003 QUIGLEY & MIRON 3580 WILSHIRE BLVD STE 1755 LOS ANGELES CA 90010 990 2024-11-01 953879677 LEADERSHIP EDUCATION FOR ASIAN PACIFICS INC LEAD 2134851422 327 E 2ND STREET 226 LOS ANGELES CA 90012 LINDA AKUTAGAWA PRESIDENT & CEO 2134851422 2026-09-14 1 JOHN BOVARD MIRON P01358141 2136393550 2024 LINDA AKUTAGAWA 327 E 2ND STREET 226 LOS ANGELES CA 90012 1819676 0 X WWW.LEAP.ORG X 1982 CA LEAP'S MISSION IS TO ACHIEVE FULL EQUALITY FOR ASIAN AND PACIFIC ISLANDERS THROUGH LEADERSHIP, EMPOWERMENT, AND POLICY. 17 16 27 25 0 0 1115903 1098645 1132648 524668 7573 27287 -166038 29114 2090086 1679714 90781 0 0 0 1136969 1179586 0 0 195522 1234927 764920 2462677 1944506 -372591 -264792 2021884 1652274 1214548 709730 807336 942544 X LEAP'S MISSION IS TO ACHIEVE FULL PARTICIPATION AND EQUALITY FOR ASIAN AND PACIFIC ISLANDERS THROUGH LEADERSHIP, EMPOWERMENT AND POLICY. 0 0 645524 345250 LEADERSHIP MANAGEMENT INSTITUTE/DEVELOPING PEOPLE:LEADERSHIP DEVELOPMENT AND TRAINING PROGRAMS FOR MID-CAREER AND ESTABLISHED PROFESSIONALS PRESENTED THROUGH AN ASIAN AND PACIFIC ISLANDER (API) CULTURAL LENS. SUCH PROGRAMS INCLUDED: 1) 6-DAY VIRTUAL LEAP PATHWAYS PROGRAMS FOR ENTERPRISES SEEKING TO INCREASE THE LEADERSHIP SUCCESS OF THEIR FIRST LINE MANAGER, TEAM LEADER, AND PROJECT MANAGER LEVELS. CONDUCTED TWO VIRTUAL PROGRAMS WITH 30 PARTICIPANTS. EACH VIRTUAL PARTICIPANT SPENT 24 HOURS OVER A COURSE OF SIX DAYS DURING THE VIRTUAL SESSIONS. PARTICIPANTS ALSO RECEIVED AN AVERAGE OF EIGHT HOURS (SIX TO 12 HOURS) OF INDIVIDUAL PROFESSIONAL COACHING. 2) LEAP ADVANCE (LDP FOR HIGHER EDUCATION) PROGRAM DESIGNED FOR THE PROFESSIONAL DEVELOPMENT OF API COLLEGE OR UNIVERSITY ADMINISTRATORS, FACULTY, AND STAFF THROUGH AN ASIAN AND PACIFIC ISLANDER (API) CULTURAL LENS WAS HELD IN-PERSON AT THE KELLOGG WEST CONFERENCE CENTER IN POMONA, CA FOR 35 PARTICIPANTS. EACH PARTICIPANT SPENT 19.5 HOURS OVER 5.5 DAYS. 3) LEAP EXCEED, A VIRTUAL EXECUTIVE LEADERSHIP PROGRAM FOR SENIOR MANAGERS AND DIRECTORS PRESENTED THROUGH AN ASIAN AND PACIFIC ISLAND (API) CULTURAL LENS. CONDUCTED 1 VIRTUAL PROGRAM TO 14 PARTICIPANTS WHO SPENT 24 HOURS OVER 6 DAYS. PARTICIPANTS RECEIVED 12 HOURS OF EXECUTIVE COACHING.DONATED IN-KIND SERVICES FROM TRAINERS, CONSULTANTS AND EXECUTIVE COACHES FOR $26,700 AND $589 FOR SUPPLIES. 289120 33500 COMMUNITY DEVELOPMENT INSTITUTE/EMPOWERING COMMUNITIES:COMPREHENSIVE LEADERSHIP TRAINING, ORGANIZATIONAL DEVELOPMENT AND CAPACITY BUILDING PROGRAMS PRESENTED THROUGH AN ASIAN AND PACIFIC ISLAND (API) CULTURAL LENS TO DEVELOP THE NEXT GENERATION OF COMMUNITY LEADERS, TO STRENGTHEN THE EFFECTIVENESS OF EXISTING COMMUNITY-BASED ORGANIZATIONS AND TO ESTABLISH A SUPPORTIVE NETWORK FOR MUTUAL ASSISTANCE, RESOURCE SHARING AND COLLABORATIVE PROBLEM SOLVING. IN FISCAL YEAR 2024-2025, PROGRAMS INCLUDED 1) LEAP IMPACT, A HYBRID VIRTUAL/IN-PERSON PROGRAM DESIGNED TO STRENGTHEN THE SUSTAINABILITY OF NONPROFIT ORGANIZATIONS. PARTICIPANTS INCLUDED 10 SENIOR MANAGERS AND STAFF. EACH PARTICIPANT GAINED 40 HOURS OF LEADERSHIP DEVELOPMENT TRAINING AND EIGHT HOURS OF ONE-ON-ONE EXECUTIVE COACHING. IN ADDITION, A LEAP IMPACT ALUMNI EVENT WAS DELIVERED FOR THREE DAYS OF LEARNING, RE-ENERGIZING, AND RE-CONNECTING FOR 24 NONPROFIT LEADERS IN LOS ANGELES. 2) LEAP ENGAGE, A HYBRID/IN-PERSON PROGRAM FOR 7 NONPROFIT EXECUTIVE DIRECTORS FROM ACROSS THE USA. EACH EXECUTIVE DIRECTOR GAINED 64 HOURS OF LEADERSHIP DEVELOPMENT TRAINING AND 6 HOURS OF ONE-ON-ONE EXECUTIVE COACHING. THE COHORT'S FINAL PROJECT, THE GIVING TANK WAS A PITCH PRESENTATION BY EACH PARTICIPANT TO A PANEL REPRESENTING AN ARRAY OF PHILANTHROPIC DONORS AND FUNDERS. 3)THE EMERGE PROGRAM FOR COLLEGE STUDENTS HAS TRANSITIONED TO A FELLOWSHIP MODEL THAT FOLLOWS THE ACADEMIC YEAR, EXPANDING THE OPPORTUNITY FOR SELECTED STUDENTS TO ENGAGE MORE DEEPLY IN LEADERSHIP DEVELOPMENT AND COMMUNITY IMPACT. WITH MORE TIME DURING THE ACADEMIC YEAR, STUDENTS WILL HAVE ADDITIONAL OPPORTUNITIES FOR LEADERSHIP PRACTICE, COMMUNITY ENGAGEMENT, AND COLLABORATIVE PROJECTS THAT CONTINUE TO AMPLIFY API VOICES AND EXPERIENCES. IN FISCAL YEAR 2024-2025, THE EMERGE FELLOWSHIP WAS IN A DESIGN AND PLANNING PHASE. IN THE PREVIOUS EMERGE PROGRAMS, SUMMER INTERNS SPENT 200 HOURS OVER EIGHT WEEKS ENGAGED IN LEADERSHIP TRAINING AND HANDS-ON EXPERIENCE AT COMMUNITY-BASED ORGANIZATIONS ACROSS THE UNITED STATES. AS PART OF THE PROGRAM, INTERNS DEVELOPED AND COLLABORATED ON A GROUP PROJECT. DONATED IN-KIND TRAVEL OF $14,185 AND FOR FACILITIES $2,600 365133 145918 WORKSHOP SERIES:GENERAL LEADERSHIP EDUCATION THROUGH FORUMS, WORKSHOPS AND PRESENTATIONS. WORKSHOPS AND PRESENTATIONS WERE PRIMARILY DELIVERED ON A VIRTUAL PLATFORM. WORKSHOPS HELP PARTICIPANTS ENHANCE THEIR LEADERSHIP SKILLS, ADDRESS THE INFLUENCE OF PERCEPTIONS, BEHAVIORS, AND VALUES ON PERSONAL EFECTIVENESS, AND HELP FOSTER UNDERSTANDING OF API COMMUNITIES, CULTURES, AND ISSUES. LENGTHS OF WORKSHOPS VARIED FROM ONE HOUR TO FOUR HOURS. 64 WORKSHOPS WERE PRESENTED TO A TOTAL OF 3,178 PARTICIPANTS ACROSS THE UNITED STATES. LEAP ALSO DELIVERED MONTHLY PRESENTATIONS, "LEAP CONNECT", FREE SESSIONS OPEN TO THE GENERAL PUBLIC THAT WERE IN INTERESTED IN CONNECTING TO A LARGER API COMMUNITY VIRTUALLY. LEAP CONNECT ALONE HAD 1,398 PARTICIPANTS JOIN THESE MONTHLY ONE-HOUR VIRTUAL GATHERINGS. 5621 PUBLIC POLICY INSTITUTE/INFORMING SOCIETY:LEAP COMPLETED PHASE ONE OF ITS FOLLOW UP REPORT TO LEAP'S 2020 ASIAN AMERICAN EXECUTIVE LEADERSHIP REPORT. TITLED "THE PUSH AND PULL OF LEADERSHIP: UNCOVERING THE FACTORS ADVANCING ASIAN AMERICAN LEADERSHIP". THIS STUDY WILL PROVIDE INSIGHTS INTO THE SUPPORTING MECHANISMS, THE ORGANIZATIONAL BARRIERS AND THE CHARACTERISTICS OF VPS AND DIRECTORS LEADING IN MULTIPLE SECTORS (CORPORATE, NONPROFIT, HIGHER EDUCATION, AND GOVERNMENT). PHASE TWO INCLUDES A SURVEY TO FURTHER DELVE INTO THE FINDINGS FROM PHASE ONE. IN FISCAL YEAR 2024-2025, THE SURVEY IS BEING REDESIGNED, AND NO EXPENSES WERE INCURRED DURING THE YEAR. 5621 1305398 1 1 0 0 0 0 0 0 0 0 1 0 0 1 1 1 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 2 0 27 1 0 0 0 0 0 1 1 0 0 0 0 0 0 X 17 16 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 CA X X X THE ORGANIZATION 2134851422 327 E 2ND STREET 226 LOS ANGELES CA 90012 LINDA AKUTAGAWA PRESIDENT & CEO 40.00 X X 159859 0 22883 RACHEL GABATO TREASURER 1.00 X X 0 0 0 DENISE LOPEZ VICE CHAIR 1.00 X X 0 0 0 GRACE TOY SVP, ADMINISTRATION & CFO 40.00 X 132568 0 19248 ANNABEL SHERON SECRETARY 1.00 X X 0 0 0 WEN-FU WU CHAIR 1.00 X X 0 0 0 ARTI ARORA DIRECTOR 1.00 X 0 0 0 TAMI BUI DIRECTOR 1.00 X 0 0 0 KENNETH CHUNG DIRECTOR 1.00 X 0 0 0 CARLO DELA FUENTE DIRECTOR 1.00 X 0 0 0 SYLVIA FULTON DIRECTOR 1.00 X 0 0 0 JEFFREY HONG DIRECTOR 1.00 X 0 0 0 SHU HAN JOURNAY DIRECTOR 1.00 X 0 0 0 MEYLING LY ORTIZ DIRECTOR 1.00 X 0 0 0 URSULA QUAN DIRECTOR 1.00 X 0 0 0 LILLIAN TENG DIRECTOR 1.00 X 0 0 0 TAMMY TRAN DIRECTOR 1.00 X 0 0 0 CHRIS YU DIRECTOR 1.00 X 0 0 0 ALEXANDER M CENA CHIEF PROGRAMS OFFICER 40.00 X 116676 0 13644 409103 0 55775 3 0 1 0 0 199550 899095 127010 1098645 LEAP PATHWAY FEES 611430 188500 188500 LEADERSHIP WORKSHOP FE 611430 145918 145918 EXCEED EXECUTIVE FEES 611430 105000 105000 LEAP ADVANCE FEES 611430 51750 51750 PARTICIPANT REGISTRATI 611430 33500 33500 524668 27287 27287 139962 199550 139962 0 OTHER INCOME 900099 29114 29114 29114 1679714 553782 0 27287 X 223551 85588 93919 44044 802912 551743 171712 79457 18343 13197 4574 572 59679 41654 10857 7168 75101 48803 17112 9186 2353 2353 14829 14829 438082 321256 67381 49445 48260 34481 10650 3129 47024 35268 11756 112199 100346 11845 8 3242 2431 811 32179 13522 18657 SUPPLIES 37553 37553 DUES AND SUBSCRIPTIONS 23469 19168 1788 2513 MISCELLANEOUS 5730 388 5342 1944506 1305398 443586 195522 1007762 381695 612364 945413 75000 162128 32148 56266 33548 103377 96564 8848 6813 174516 177657 2021884 1652274 340263 246988 697516 278517 176769 184225 1214548 709730 X 643935 326275 163401 616269 807336 942544 2021884 1652274 -264792 400000 0 X X 0 1 X 1 0 X 1524489 1720596 1669825 1115903 1098645 7129458 1524489 1720596 1669825 1115903 1098645 7129458 113851 7015607 1795 3896 1614 7573 27287 42165 932 5214 13904 62299 62614 144963 7316586 491168 0.95890 0.98490 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 65450 60930 4520 27577 25284 2293 10350 10350 0 6813 OPERATING LEASE RIGHT OF USE ASSET 177657 177657 OPERATING LEASE LIABILITY 184225 184225 X 1713134 33420 33420 1679714 0 1679714 1977926 33420 33420 1944506 0 1944506 PART X, LINE 2: ACCOUNTING STANDARDS REQUIRE AN ORGANIZATION TO EVALUATE ITS TAX POSITIONS AND PROVIDE A LIABILITY FOR ANY POSITIONS THAT WOULD NOT BE CONSIDERED 'MORE LIKELY THAN NOT' TO BE UPHELD UNDER A TAX AUTHORITY EXAMINATION. MANAGEMENT AS EVALUATED ITS TAX POSITIONS AND HAS CONCLUDED THAT A PROVISION FOR A TAX LIABILITY IS NOT NECESSARY AT FISCAL YEAR-END. GENERALLY, THE ORGANIZAITON'S INFORMATION RETURNS REMAIN OPEN FOR EXAMINATION FOR A PERIOD OF THREE (FEDERAL) OR FOUR (STATE OF CALIFORNIA) YEARS FROM DATE OF FILING. X X X X X AWARDS DINNER 339512 199550 139962 139962 339512 199550 139962 139962 139962 0 X X X X 0 0 0 0 0 0 0 0 0 LINDA AKUTAGAWA PRESIDENT & CEO 159859 0 0 0 0 0 6479 0 16404 0 182742 0 0 0 GRACE TOY SVP, ADMINISTRATION & CFO 132568 0 0 0 0 0 4278 0 14970 0 151816 0 0 0 X 355 100887 FAIR VALUE X SUPPLIES AND TRAVEL 99 26123 FAIR VALUE 0 1 1 PART I, LINE 32B: CONSULTANT WHO MANAGES ORGANIZATION'S 401K PLAN IS ALSO AN INVESTMENT BROKER THAT SELLS DONATED STOCK PER GIFT POLICY. FORM 990, PART VI, SECTION A, LINE 1A LEAP'S GOVERNING BODY HAS DELEGATED THE EXECUTIVE COMMITTEE TO ACT ON BEHALF OF THE GOVERNING BODY ON SPECIFICALLY IDENTIFIED MATTERS DISCUSSED AT BOARD MEETINGS. SUCH AUTHORIZATIONS ARE RECORDED IN THE FULL BOARD MINUTES. MEMBERS OF THE EXECUTIVE COMMITTEE ARE THE CHAIR, IMMEDIATE PAST CHAIR, VICE CHAIR, SECRETARY, TREASURER AND PRESIDENT AND CEO. THE EXECUTIVE COMMITTEE MEETS ONCE PER QUARTER VIA TELECONFERENCE CALLS WHICH ARE DOCUMENTED IN EXECUTIVE COMMITTEE MINUTES. ACTIONS BY THE EXECUTIVE COMMITTEE ARE REPORTED BY THE BOARD CHAIR AT THE QUARTERLY BOARD MEETINGS FORM 990, PART VI, SECTION B, LINE 11B THE AUDIT COMMITTEE OR DESIGNATED BOARD MEMBER OTHER THAN THE TREASURER HAS THE RESPONSIBILITY FOR REVIEWING THE ORGANIZATION'S FORM 990 (INCLUDING ALL PERTINENT SCHEDULES) AND PRESENTING IT THE EXECUTIVE COMMITTEE FOR APPROVAL BEFORE IT IS FILED WITH THE INTERNAL REVENUE SERVICE. IN CONDUCTING ITS REVIEW OF THE DRAFT OF THE FORM 990, THE AUDIT COMMITTEE OR IDENTIFIED BOARD MEMBER OTHER THAN THE TREASURER CONDUCTS A TOP-LEVEL TYPE OF REVIEW. HOWEVER, IF IT IS DESIRED OR DEEMED NECESSARY TO CONDUCT A MORE DETAILED REVIEW OF THE FORM 990, THEN THE AUDIT COMMITTEE OR IDENTIFIED BOARD MEMBER HAS THE AUTHORITY TO CONTACT THE ENGAGED AUDITING FIRM TO REQUEST COPIES OF RELEVANT DETAILED TAX RETURN WORKPAPERS. AFTER THE FORM 990, HAS BEEN APPROVED BY THE EXECUTIVE COMMITTEE, IT IS EMAILED TO THE BOARD AND THEN FILED WITH THE INTERNAL REVENUE SERVICE. A PRESENTATION IS MADE AT THE NEXT BOARD OF DIRECTORS MEETING TO UPDATE THE FULL BOARD REGARDING ITS REVIEW OF THE FORM 990. FORM 990, PART VI, SECTION B, LINE 12C LEAP ENFORCES COMPLIANCE WITH THEIR CONFLICT OF INTEREST POLICY BY ANNUALLY ADMINISTERING A CONFLICT OF INTEREST QUESTIONNAIRE. ALL BOARD MEMBERS ARE REQUIRED TO ANNUALLY REVIEW AND COMPLETE THE CONFLICT OF INTEREST QUESTIONNAIRE TO DISCLOSE ANY PREVIOUSLY UNDISCLOSED CONFLICTS OF INTEREST. ONCE IDENTIFIED, CONFLICTS OF INTEREST ARE ADDRESSED AS SET FORTH IN LEAP'S CONFLICT OF INTEREST POLICY FORM 990, PART VI, SECTION B, LINE 15 THE EXECUTIVE COMMITTEE OF THE BOARD RELIES UPON COMPARABILITY DATA TO DETERMINE AND APPROVE THE COMPENSATION OF THE PRESIDENT AND CEO. THE EXECUTIVE COMMITTEE UTILIZES RESOURCES SUCH AS SIMILARLY SITUATED EXEMPT ORGANIZATIONS IN THEIR AREA TO BENCHMARK PAY ALONG WITH MARKET INFORMATION FROM OTHER EXEMPT ORGANIZATIONS TO ASSESS THE COMPETITIVENESS AND REASONABLENESS OF THE COMPENSATION. THE FULL BOARD IS ALSO REQUESTED TO COMPLETE AN EVALUATION OF THE PRESIDENT AND CEO. ONCE A DECISION HAS BEEN MADE BY THE COMMITTEE, IT IS THEN PRESENTED IN EXECUTIVE SESSION (PRESIDENT AND CEO IS EXCUSED AND RECUSED FROM VOTING) TO THE FULL BOARD FOR A VOTE TO APPROVE. A SIMILAR PROCESS IS DEVELOPED AND IMPLEMENTED BY THE PRESIDENT AND CEO FOR EVALUATION OF KEY EMPLOYEES AND THE STAFF. FORM 990, PART VI, SECTION C, LINE 19 THE REQUIRED ORGANIZATIONAL DOCUMENTS OF LEAP ARE AVAILABLE (FOR INSPECTION OR COPYING) ON LEAP'S WEBSITE AND AT LEAP'S MAIN OFFICE DURING NORMAL BUSINESS HOURS AT NO CHARGE. THE PUBLIC INSPECTION COPY OF LEAP'S FORM 990, FROM THE PREVIOUS THREE YEARS (AT A MINIMUM), ARE AVAILABLE (FOR INSPECTION OR COPYING) ON LEAP'S WEBSITE AND AT LEAP'S MAIN OFFICE DURING NORMAL BUSINESS HOURS AT NO CHARGE. THE PUBLIC INSPECTION COPY OF THE FORM 990 WILL NOT INCLUDE SCHEDULE B WITH THE NAMES AND ADDRESSES OF CONTRIBUTORS. LEAP WILL MAKE BEST EFFORTS TO ENSURE THAT THE FORMS 990 ON ITS WEBSITE AND HELD AT THEIR MAIN OFFICE ARE THE MOST UPDATED VERSIONS OF SUCH. WHEN RESPONDING TO A PUBLIC INSPECTION REQUEST FOR ANY ORGANIZATIONAL DOCUMENT OR FORM 990 BY ANYONE, THE ORGANIZATION SHALL FULFILL SUCH REQUEST IN A TIMELY MANNER WITHOUT INQUIRING AS TO THE REASON FOR THE PUBLIC INSPECTION REQUEST. LEAP'S FORM 990 IS ALSO AVAILABLE THROUGH CANDID AT WWW.CANDID.ORG. ADDITIONAL GOVERNANCE AND LEAP POLICIES ARE ALSO AVAILABLE ON LEAP'S WEBSITE. FORM 990, PART IX, LINE 11G CONSULTANTS: PROGRAM SERVICE EXPENSES 319,432. MANAGEMENT AND GENERAL EXPENSES 63,028. FUNDRAISING EXPENSES 49,445. TOTAL EXPENSES 431,905. OUTSIDE SERVICES: PROGRAM SERVICE EXPENSES 1,824. MANAGEMENT AND GENERAL EXPENSES 4,353. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 6,177. PART XII, LINE 2C THE PROCESS REMAINS UNCHANGED