2023-11-09T14:50:34-06:00 2022-12-31 210650289 KLATZKIN & COMPANY LLP 1670 WHITEHORSE HAM SQ RD HAMILTON NJ 086903513 990 2022-01-01 223075435 LAKEWOOD ECONOMIC ACTION PROGRAM INC LAKE 7323644333 170 OBERLIN AVENUE NO 22 LAKEWOOD NJ 08701 ESTHER HALPERN TREASURER 7323644333 2023-11-09 1 ESTHER HALPERN 999009999 0 THOMAS MARTIN P00123816 6098909189 3 AAL1 IAL1 2022 2023-04-26 12:10:37Z SAM RABINOWITZ 170 OBERLIN AVENUE NO 22 LAKEWOOD NJ 08701 1803873 0 X WWW.LEAPINC.ORG X 1965 NJ The Lakewood Economic Action Program Inc. (LEAP) provides comprehensive child development services to low-income families. An Early Head Start grant enabled LEAP to expand the program to include pregnant women and families with newborn babies and children up to 3 years old. 6 6 42 6 0 0 2617994 1803867 0 0 8 6 54 0 2618056 1803873 0 0 0 0 1708438 1262158 0 0 0 891561 533831 2599999 1795989 18057 7884 238877 245284 56324 54847 182553 190437 Provide comprehensive child development services to low-income families, including pregnant women and families with newborn babies and children up to 3 years old. These services are provided through the Head Start program. 0 0 1639822 Head Start program/Early Head Start - The agency administered the Head Start program to 141 children. 100367 Child & Adult Food Program - The agency provided meals for the Head Start enrollees. 1740189 1 1 0 0 0 0 0 0 0 0 1 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 42 1 0 0 0 0 0 0 0 0 0 0 0 0 X 6 6 0 1 0 0 0 0 0 1 0 0 0 1 1 0 0 1 0 0 0 0 NJ X The Organization 7323644333 170 OBERLIN AVENUE NO 22 LAKEWOOD NJ 08701 X SAM RABINOWITZ CHAIRPERSON 2.00 X X 0 0 0 PAM HULLEN-MOORE TREASURER 2.00 X X 0 0 0 ESTHER HALPREN VICE CHAIRPERSON 2.00 X X 0 0 0 MICHAEL J D'ELIA TRUSTEE 2.00 X 0 0 0 ANITA WOOLERY TRUSTEE 2.00 X 0 0 0 GLYNIS GRAY TRUSTEE 2.00 X 0 0 0 MARGARET SAUNDERS HEAD START DIRECTOR 10.00 X 0 0 0 BETH HUDSON CFO 4.00 X 0 0 0 0 0 0 0 0 0 0 0 1803867 1803867 6 6 1803873 0 0 6 905532 905532 7823 7823 225113 225113 123690 123690 40400 40400 298 298 15400 15400 24333 24333 69395 69395 118966 118966 32391 32391 18045 18045 48097 48097 NUTRITION AND FOOD SERV 112165 112165 DUES AND PUBLICATIONS 32350 32350 MATERIALS AND SUPPLIES 13115 13115 TRAINING 8741 8741 135 135 1795989 1740189 55800 0 11620 11620 27286 31864 66373 33568 828711 672789 121288 155922 263 263 12047 12047 238877 245284 56324 54847 56324 54847 X 182553 190437 182553 190437 238877 245284 7884 0 X X 0 1 X 1 1 1 X 2802121 2985954 3045023 2617994 1803867 13254959 2802121 2985954 3045023 2617994 1803867 13254959 13254959 8 6 14 506 10863 14162 54 25585 13280558 0.99810 0.99830 X Schedule A, Part II, Line 10, Explanation of Other Income: MISCELLANEOUS OTHER - 2018 Amount: $ 506. 2019 Amount: $ 10,863. 2020 Amount: $ 14,162. 2021 Amount: $ 54. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 120314 94141 26173 354688 224939 129749 353709 353709 0 155922 X 1803873 0 1803873 0 1803873 1795989 0 1795989 0 1795989 Part X, Line 2: The Organization's federal exempt and unrelated business income returns are subject to examination by the IRS, generally for three years after they were filed. The Organization's state informational returns are subject to examination up to four years after they were filed. The statute of limitations does not apply to unfiled returns. The Organization believes that all required returns have been filed. The Organization has determined that there are no material uncertain tax positions that require disclosure in the financial statements. Form 990, Part VI, Section A, line 3 The Lakewood Economic Action Program (LEAP) has secured the services of Ocean Community Economic Action Now Inc. (OCEAN, Inc.), another 501(c)(3) organization, to manage the day to day operations. This includes planning and executing budgets, financial operations, and supervising exempt operations. LEAP's Head Start Director, Margaret Saunders, is compensated by OCEAN for her work with LEAP. In 2022, she received $27,429 in salary and $429 in benefits for her work associated with LEAP. LEAP's CFO, Beth Hudson, is compensated by OCEAN for her work with LEAP. In 2022, she received $11,566 in salary and $1,942 in benefits for her work associated with LEAP. Form 990, Part VI, Section A, line 8b The Executive Committee has the authority to act on behalf of the governing body. There were no meetings of the Executive Committee during the year, consequently there is no documentation of any such meetings. Form 990, Part VI, Section B, line 11b The Form 990 is reviewed in three steps. It is first reviewed by CFO Beth Hudson, then the board officers, and finally the entire board. Form 990, Part VI, Section B, line 15 LEAP does not directly compensate its top management official or CFO, therefore there is no process for determining their compensation. These individuals are compensated instead through OCEAN, the organization that provides LEAP with management services. Form 990, Part VI, Section C, line 19 The organization makes its governing documents, conflict of interest policy, and financial statements available to the public upon request. Form 990, Part XII. line 2c The process of selecting the independent accountant and overseeing the audit did not change during the year.