2024-03-07T19:33:53-06:00 2023-06-30 WithumSmithBrown PC ONE TOWER CENTER BLVD 14TH FL EAST BRUNSWICK NJ 08816 990 2022-07-01 510591204 NJ LEEP Inc % PATRICK FINN FINANCIAL GROUP NJLE 9732971555 12 Lombardy Street Suite 303 Newark NJ 07102 Matthew Feinstein President 9732971555 2024-05-15 true Matthew Feinstein 999009999 Brad Caruso P01249134 7328281614 2022 2023-04-26 12:10:37Z X Matthew Feinstein 12 Lombardy Street303 Newark NJ 07102 2665657 false X www.NJLEEP.ORG X 2006 NJ A college access and success program serving low income and first-generation students in the greater newark area, empowering them with academic and skills to succeed in college. 17 17 63 250 0 2231071 2619543 0 0 19710 28796 -13864 -39521 2236917 2608818 0 63544 0 0 1570662 1955824 0 0 376223 876056 937320 2446718 2956688 -209801 -347870 3562427 6435814 200854 3375160 3361573 3060654 X NJ LEEP IS A COLLEGE ACCESS AND SUCCESS PROGRAM SERVING LOW-INCOME AND FIRST-GENERATION STUDENTS IN THE GREATER NEWARK AREA. OUR COLLEGE BOUND PROGRAM EMPOWERS STUDENTS WITH THE ACADEMIC AND SOCIAL-EMOTIONAL SKILLS TO SUCCEED IN COLLEGE AND BEYOND, THROUGH INTSENSIVE AFTER-SCHOOL, SATURDAY, AND SUMMER PROGRAMMING. false false 2044155 63544 NJ LEEP SERVES STUDENTS IN GRADES 6-12, ALUMNI THROUGHOUT THE COUNTRY, AND FAMILY MEMBERS. MOST OF OUR STUDENTS COME FROM LOW TO MODERATE-INCOME BACKGROUNDS AND POSSESS MULTIPLE RISK FACTORS TO COLLEGE MATRICULATION AND PERSISTENCE. SINCE OUR FIRST GRADUATING CLASS OF 2011, 100% OF OUR PROGRAM GRADUATES HAVE GRADUATED FROM HIGH SCHOOL AND ENROLLED IN COLLEGE, MANY IN HIGHLY SELECTIVE COLLEGES, SUCH AS AMHERST, GEORGETOWN, PRINCETON, RUTGERS, SMITH AND THE UNIVERSITY OF CHICAGO. IN COMPARISON, RESEARCH SHOWS THAT SINCE 2011, THE COLLEGE SCHOOL GRADUATION RATE FROM STUDENTS IN NEWARK PUBLIC SCHOOLS IS 23%. WE ALSO MEASURE THE COLLEGE PERSISTENCE RATE OF OUR GRADUATES: OVER 73% GRADUATED FROM COLLEGE. 2044155 true true false false false false false false false false true false false true true true true false false false false false false false true false false false true true false false false false false false false true false false false false false false false false false true 17 0 true 63 true false false false false false true true false false false false false false X 17 17 true false false false false false false true true false false true true true true true true true false false NJ X X PATRICK FINN FINANCIAL GROUP 9085470127 20 HEATHER LANE watchung NJ 07069 MATTHEW FEINSTEIN EXECUTIVE DIRECTOR 40.0 0.0 X 174758 0 14281 MEGAN HOWARD NOVECK DIRECTOR OF OPERATIONS 40.0 0.0 X 109478 0 12256 ZENOLA HARPER CHAIR 2.0 0.0 X X 0 0 0 SOLANGEL MALDONADO VICE CHAIR 2.0 0.0 X X 0 0 0 CASEY KOBI SECRETARY 2.0 0.0 X X 0 0 0 ZACHARY SURAK TREASURER 2.0 0.0 X X 0 0 0 NYRON LATIF VICE CHAIR SD 2.0 0.0 X X 0 0 0 LYNNE ANNE ANDERSON TRUSTEE 1.0 0.0 X 0 0 0 TARA FAVORS TRUSTEE 1.0 0.0 X 0 0 0 JEFFREY S ISSACS TRUSTEE 1.0 0.0 X 0 0 0 GALIT KIERKUT TRUSTEE 1.0 0.0 X 0 0 0 MARC LARKINS TRUSTEE 1.0 0.0 X 0 0 0 MARIA G MASTER TRUSTEE 1.0 0.0 X 0 0 0 KATHERINE MENDOZA TRUSTEE 1.0 0.0 X 0 0 0 DAVID W POLLAK TRUSTEE 1.0 0.0 X 0 0 0 SUZIE SCANLON RABINOWITZ TRUSTEE 1.0 0.0 X 0 0 0 AYANNA TAYLOR TRUSTEE 1.0 0.0 X 0 0 0 JERRY WEBMAN TRUSTEE 1.0 0.0 X 0 0 0 ELANA WILF TANZMAN TRUSTEE 1.0 0.0 X 0 0 0 284236 0 26537 4 false true false 0 1157045 1462498 10750 2619543 0 28796 28796 0 0 0 0 0 0 17318 1157045 56839 -39521 -39521 0 0 0 0 0 0 0 2608818 -10725 X 0 63544 63544 0 0 194514 44679 98833 51002 0 1428668 1048967 222410 157291 27311 20462 3976 2873 148531 102640 27652 18239 156800 104045 32199 20556 0 0 47835 47835 0 0 0 211769 132236 29538 49995 0 58903 36890 6586 15427 82321 56582 5785 19954 0 359377 301930 33199 24248 40121 39103 1018 0 21078 18121 2205 752 0 0 21695 10746 8532 2417 31995 21556 6204 4235 EQUIPMENT, REPAIRS, MAINTENANC 62226 42654 11356 8216 2956688 2044155 536310 376223 X 2132920 2019542 727150 803054 465262 390301 0 0 0 0 0 0 0 0 0 0 154418 34353 143326 29421 82677 113905 0 0 0 0 0 0 0 0 0 3074659 3562427 6435814 200854 228962 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 3146198 200854 3375160 X 2929486 2477805 432087 582849 3361573 3060654 3562427 6435814 -347870 46951 X false true X true false X 2377209 1674700 1874447 2222351 2619543 10768250 0 0 2377209 1674700 1874447 2222351 2619543 10768250 483503 10284747 8202 13605 16769 19238 28796 86610 0 0 10854860 0.94748 0.99440 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 32787 2077 30710 110539 27344 83195 113905 RIGHT OF USE ASSETS 2895956 SECURITY DEPOSIT 178703 3074659 0 LEASE LIABILITY 3146198 3146198 X 3396840 46951 684232 731183 2665657 -56839 -56839 2608818 3697759 684232 56839 741071 2956688 2956688 Schedule D, Part X, Line 2 Income Taxes The Organization is exempt from federal income taxes under Section 501(c)(3) of the Internal Revenue Code. Accordingly, the financial statements do not reflect a provision for federal income taxes. The Organization follows the pronouncement related to income taxes. There were no uncertain tax positions at June 30, 2023 and 2022. The Organization did not have any income tax related penalties or interest for the periods presented in these financial statements. GALA 1153363 1141863 11500 31161 19860 Fall Harvest 21000 15182 5818 5818 0 1174363 1157045 17318 31161 25678 56839 -39521 true Scholarships 50 21919 Stipends 30 31360 Student Assistance 42 10265 Part I, Line 2 1. Transportation scholarship: Students can apply for assistance to get to/from our programming. They/their families have to complete an application to ask to be considered for a transportation scholarship. Scholarships are then awarded on a need basis, based on family income and family size. Scholarships are awarded in the form of bus tickets (or occasionally train tickets, depending on where the student lives/goes to school). These are allocated based on the number of NJ LEEP classes attended. Tickets are purchased by NJ LEEP and handed out to students on a monthly basis. 2. Senior scholarships (NJ LEEP): Graduating high school seniors can earn scholarships based on performance within NJ LEEP (assignment quality, leadership, etc.). These are distributed as checks to students. Students sign for the checks when they receive them. Most checks are given out at Senior Honors Night but students who do not attend receive their check later. 3. Senior scholarships (Amanda Rose Laura): Amanda Rose Laura scholars are selected by the grantor. Part of the scholarship is able to be used during their senior year for college exploration purposes. Students can either make those purchases themselves and then submit documentation for reimbursement by NJ LEEP, or can ask NJ LEEP to directly make the purchase (e.g., train ticket or airfare). The other portion of the scholarship is awarded as a check at the end of senior year. Any unused college exploration funds are added to this end-of-year check. Students sign for the checks when they receive them. Most checks are given out at Senior Honors Night but students who do not attend receive their check later. If a student receives both an NJ LEEP senior scholarship and an Amanda Rose Laura scholarship, a single check is written for the total amount. 4. Week-on-the-Job Stipends: Rising 10th grade students participate in multiple (up to 4) one-week externships over the summer. They earn a stipend for each week that they participate in ($280 per week in Summer 2022). The Managing Director of Development compiles the list of student placements and confirms student attendance with the Managing Director of Students. That list is then provided to the Managing Director of Operations to issue payment by check to each student. The Managing Director of Operations distributes the check to each student during the final week of summer programming. For any students who are not present, their check is mailed to their home mailing address (after being confirmed by the Managing Director of Students). X false false false false false false false false false MATTHEW FEINSTEIN EXECUTIVE DIRECTOR 174758 0 0 5243 9038 189039 0 Access Education Advisors LLC Board Member (Ayanna Taylor) 35200 Consulting services false Form 990, Part III, Line 1 - Organization's Mission NJ LEEP IS A COLLEGE ACCESS AND SUCCESS PROGRAM SERVING LOW-INCOME AND FIRST-GENERATION STUDENTS IN THE GREATER NEWARK AREA. OUR COLLEGE BOUND PROGRAM EMPOWERS STUDENTS WITH THE ACADEMIC AND SOCIAL-EMOTIONAL SKILLS TO SUCCEED IN COLLEGE AND BEYOND, THROUGH INTENSIVE AFTER-SCHOOL, SATURDAY, AND SUMMER PROGRAMMING. Form 990, Part VI, Line 28 - Business or Family Relationships of Directors SINCE NJ LEEP MAKES USE OF VARIOUS LAW FIRMS AND CORPORATIONS IN BOTH ITS OPERATIONS AND BOARD MEMBER NOMINATION PROCESS, THERE ARE INSTANCES WHERE MEMBERS OF THESE LAW FIRMS AND CORPORATIONS MAY USE ONE ANOTHER FOR BUSINESS PURPOSES OUTSIDE OF THE ORGANIZATION'S OPERATIONS. CURRENTLY, ONE OF THE BOARD MEMBERS OWNS A CONSULTANT BUSINESS (ACCESS EDUCATIONAL ADVISORS), WHICH THE CLIENT CONTRACTS ON A RANGE OF CURRICULM-RELATED PROJECTS. Form 990, Part VI, Line 11B - Form 990 Review Process THE Form 990 is prepared by a reputable CPA firm that specializes in tax exempt organizations . The 990 is prepared and IS provided to management. the draft is FIRST REVIEWED IN DETAIL BY THE MANAGING DIRECTOR OF OPERATIONS AND THE EXECUTIVE DIRECTOR AND ADVISES THE PREPARER firm AS TO ANY NEEDED CHANGES. AFTER ANY NECESSARY CHANGES ARE MADE, A DRAFT IS SENT FOR REVIEW TO THE BOARD AUDIT COMMITTEE, WHICH THEN MEETS TO DISCUSS THE DOCUMENT. AFTER INCORPORATING CHANGES RESULTING FROM THAT REVIEW, COPIES OF THE REVISED DRAFT 990 ARE PRESENTED TO THE BOARD OF TRUSTEES FOR REVIEW AND AN AUTHORIZATION VOTE. Form 990, Part VI, Line 12C - Conflicts of Interest The conflict of interest policy is based on Article X of the Bylaws of the Organization, and the model policy promulgated by the Internal Revenue Service for charitable organizations and shall be interpreted in a manner consistent with that model policy. A COPY OF OUR CONFLICT OF INTEREST POLICY, ALONG WITH A CONFLICT OF INTEREST DISCLOSURE STATEMENT, IS FURNISHED TO EACH DIRECTOR OF THE Organization UPON UNDERTAKING THE DUTIES OF SUCH OFFICE, AND ANNUALLY THEREAFTER FOR THE TERM OF SUCH PERSON'S SERVICE TO THE ORGANIZATION. Each director discloses any conflicts and signs accordingly. Any conflicts of discussed at the board of directors level and discussions are formally documented in the board minutes. Any voting member who receives compensation is precluded from voting on matters pertaining to that members compensation. Form 990, Part VI, Line 15 - Compensation The Executive Director's performance and compensation process is conducted by the Board. It starts with a 360 performance review process to gather input on his accomplishments, strengths and areas of development. From there, the Leadership Development Committee determines a rating ranging from does not meet expectations to exceeds expectations. The LDC reviews market data for the Executive Director role to develop a compensation recommendation. The recommendation is shared with the full board for discussion and a vote to confirm the new base salary and bonus. Generally speaking, if the Executive Director meets expectations, the bonus is 90-100% of target. If they exceed, the bonus range is 100-110% of target. Form 990, Part VI, Line 19 - Availability of Information GOVERNING DOCUMENTS, POLICIES AND FINANCIAL STATEMENTS ARE MADE AVAILABLE UPON REQUEST.